Statoil is the operator of Johan Sverdrup with a 40% stake. The other partners are Aker BP. Petoro and Lundin.
Read More »Sasol Profit Falls on Strong Rand as Secunda Output Hits Record
Sasol shares climbed as much as 4 percent in Johannesburg trading. the most since March 31. and were 3.9 percent higher at 386.50 rand as of 10:05 a.m. local time.
Read More »Oil Ministers to Meet in Russia as Compliance Focus Turns to Africa
Under a deal agreed last year. oil exporters committed to cut production in an effort to reduce global stockpiles that have depressed prices for more than two years.
Read More »Russian Energy Minister to Discuss with Kuwait Oil Minister on LNG Supplies
Novak said Monday he is meeting with his Kuwaiti counterpart to discuss LNG exports.
Read More »UK to Invest in Nigeria`s Energy Sector
Britain has expressed its readiness to invest in pipeline infrastructure. renewable energy. gas and power of the Nigerian Oil and Gas Industry.
Read More »Essar to Close Rosneft Deal by July 31
Essar Steel’s petition in the Gujarat High Court against the NCLT proceedings was dismissed and the company filed its response petition with NCLT on Saturday.
Read More »EU Allows Gazprom to Use an Additional 40% of OPAL Gas Pipeline`s Capacity
Germany is leading a group of countries whose companies are taking part in building the 55bn cubic metre a year (cm y) route.
Read More »Russia Unveils Plan to Build Another Power Station in Crimea
Construction of two new power stations on the peninsula. which Russia annexed from Ukraine in 2014. is already underway.
Read More »World’s First Wind Farm Being Built Off Scotland Coast
The world'.s first full-scale floating wind farm - with turbines taller than the Britain'.s Big Ben - is being built off the coast of Scotland.
Read More »Iran Will Sign Contracts with Total. Shell on Petrochemical Projects
Total and Iran earlier signed a 20-year contract worth $4.8 billion to develop South Pars gas fields’ 11th phase.
Read More »