BP and Eni to agree to pursue major new exploration opportunity in Oman

by Timothy Reeder | Jan 18, 2019 | News

BP and Eni recently signed a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in Oman. Under the HoA, the two companies will work with the Government of Oman towards...

Equinor completes acquisition of the UK Rosebank project

by Timothy Reeder | Jan 18, 2019 | News

Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf. Rosebank further strengthens Equinor’s UK...

E.ON invests in Finnish platform provider for e-mobility

by Timothy Reeder | Jan 18, 2019 | News

E.ON’s international electromobility network is growing. The company acquires a stake in Virta, a Finnish developer and supplier of IT systems for charging electric cars. A group of Finnish Energy companies led by Helen have grown Virta. Together with Helen E.ON...

BP plans for significant growth in deepwater Gulf of Mexico

by Timothy Reeder | Jan 18, 2019 | News

BP announced recently that it has approved a major expansion at the Atlantis field in the U.S. Gulf of Mexico and has also identified significant additional oil resources that could create further development opportunities around the production hubs it operates in the...

Total Starts Up Production of the Giant Egina Field

by Timothy Reeder | Jan 2, 2019 | News

Total has started up production on December 29, 2018 from the Egina field, located in around 1,600 meters of water depths, 150 kilometers off the coast of Nigeria. At plateau, the Egina field will produce 200,000 barrels of oil per day, which represents about 10% of...

Area 4 Co-Venture Parties Secure Offtake Commitments for the Rovuma LNG Project

by Timothy Reeder | Jan 2, 2019 | News

Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the...