Full-scale development of Gazprom’s Kharasaveyskoye field starts in Yamal Peninsula

by Timothy Reeder | Mar 22, 2019 | News

A ceremony was held recently in the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field. Attending the event were Alexey Miller, Chairman of the Gazprom Management Committee, Dmitry Artyukhov, Governor of the...

Equinor awarding contract for subsea production system for Johan Sverdrup phase 2

by Timothy Reeder | Mar 22, 2019 | News

On behalf of the Johan Sverdrup licence, Equinor is awarding a contract for constructing and installing the subsea production system for project phase 2 to TechnipFMC. The production system consists of five templates and a total of 18 X-mas trees with associated...

E.ON delivers strong operating performance and issues positive forecast for 2019

by Timothy Reeder | Mar 13, 2019 | News

“E.ON is entering the new financial year with strong earnings and optimism,” E.ON CEO Johannes Teyssen said at the release of the company’s 2018 Annual Report. He added that carrying out the complex preparations for the planned takeover of innogy while simultaneously...

Siemens to acquire KACO new energy GmbH

by Timothy Reeder | Mar 11, 2019 | News

Siemens has announced plans to acquire the string inverter business of the KACO new energy GmbH, one of the leading manufacturers of energy-related power electronics, for an undisclosed sum. The project development and EPC activities are not part of the acquisition....

Total Signs Definitive Agreements for Entry into Arctic LNG 2

by Timothy Reeder | Mar 11, 2019 | News

Total announces that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia. Taking into account Total’s 19.4% stake in...

Oil discovery from Visund in the North Sea

by Timothy Reeder | Mar 11, 2019 | News

Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. The resources are estimated at 12-28 million barrels of recoverable oil. “We are pleased to have...