Total expands its strategic partnership with Adani to supply and market natural gas in India

by Timothy Reeder | Oct 31, 2019 | News

As part of its strategy to develop new gas markets, Total, the world’s second-largest LNG player, expands its partnership with the Adani Group; the largest energy and infrastructure conglomerate in India, to contribute to the development of the Indian natural...

Investing in Hywind Tampen development

by Timothy Reeder | Oct 31, 2019 | News

Equinor and the Snorre and Gullfaks partners have made a final investment decision for the Hywind Tampen offshore wind farm development. Today, two updated plans for development and operation will be submitted to Norwegian authorities. The oil and gas platforms will...

Johan Sverdrup, the North Sea giant, is on stream

by Timothy Reeder | Oct 9, 2019 | News

On 5 October Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of and NOK 40 billion below the original estimates in the Plan for...

BP chief executive Bob Dudley to retire, to be succeeded by Bernard Looney

by Timothy Reeder | Oct 9, 2019 | News

The Board of BP announced recently that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery of the company’s 2019 full year results on...

Siemens to build industrial power plant at the Marl Chemical Park in Germany

by Timothy Reeder | Oct 1, 2019 | News

Siemens will build a highly efficient combined cycle power plant as a turnkey project at the Marl Chemical Park in North Rhine-Westphalia, Germany. The order was placed by the specialty chemical group Evonik Industries. The new industrial power plant will consist of...

ExxonMobil to Sell Norway Upstream Operations for $4.5 Billion

by Timothy Reeder | Oct 1, 2019 | News

ExxonMobil signed an agreement recently with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021. “Our objective is to...