Five new licences on the UK Continental Shelf

by Timothy Reeder | Jun 12, 2019 | News

Equinor has today been awarded five licences by the Oil and Gas Authority (OGA) – four as operator and one as partner. “We are pleased to have been awarded these licences in the 31st Offshore Licensing round. These...

E.ON plans to eliminate greenhouse gas in gas-insulated switchgear

by Timothy Reeder | Jun 12, 2019 | News

E.ON and the VC Fund Technologie Berlin, managed by IBB Beteiligungsgesellschaft mbH, are investing in nuventura (nuventura.com), a start-up that develops switchgear without the potent greenhouse gas sulfur hexafluoride (SF6). By replacing SF6 in gas-insulated...

Equinor sets new timeline for Rosebank project

by Timothy Reeder | Jun 12, 2019 | News

Equinor and its partners today confirmed a new timeline for the Rosebank project on the UK Continental Shelf (UKCS).  Following the award of a three-year extension for the Rosebank...

BP to divest mature oil assets in Egypt to Dragon Oil

by Timothy Reeder | Jun 12, 2019 | News

BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company.  Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the Gulf of...

Total agrees with Occidental to contingent acquisition of Anadarko’s assets in Africa

by Timothy Reeder | May 15, 2019 | News

Total announces that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for a consideration of 8.8 billion $ in the event of a successful completion of Occidental’s ongoing bid for...

Klaus Patzak named CFO for the new Siemens Gas and Power Business

by Timothy Reeder | May 15, 2019 | News

Klaus Patzak (54), currently Managing Partner of the Siemens Portfolio Companies, has been appointed Chief Financial Officer (CFO) of the new Siemens Gas and Power business (GP). In this role, Patzak will be responsible for building the Finance governance structures,...