July 3, 2017 Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world’s largest gas field. The project will have a production capacity of 2 billion cubic feet per day or 400,000 barrels of

Uniquely Positioned to Drive Productivity, Lower Costs and Innovate Globally for Customers July 03, 2017   Baker Hughes, a GE company (NYSE: BHGE) announced today that the transaction combining GE’s oil and gas business with Baker Hughes is complete. The new company is the first and only to bring together

July 11, 2017 Statoil plans to recruit more than 50 skilled workers annually in the years ahead to ensure that the company has the right competence and capacity on the Norwegian continental shelf. “We believe it will be possible to maintain profitable and sustainable production at the current level on

10 July 2017 Following the approval by the regulatory authority, today Eni has completed the sale to Eneco of 100% of Eni Gas & Power NV / SA – and its subsidiary Eni Wind Belgium NV / SA – which comprises Eni’s gas & power retail operations in Belgium. The

July 5, 2017 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kurt Bock, Chairman of the Board of Executive Directors of BASF, took place in Moscow today. The parties discussed the ongoing cooperation between the companies, paying particular attention to the Nord Stream 2 project.

4th July 2017 Qatar Petroleum announced its intention to raise Qatar’s LNG production from 77 million to 100 million tons per year. The new additional volumes will be secured by doubling the size of the new gas project in the southern sector of the North Field, which Qatar Petroleum had

July 3, 2017 At 17.02 CET on 30 June, Statoil started production on the Gina Krog oil and gas field in the North Sea. Statoil and the partners invest a total of some NOK 31 billion in the development of the Gina Krog field. “We are proud to have delivered

3 Jul 2017 Abu Dhabi National Energy Company PJSC (TAQA), a leading global energy company headquartered in Abu Dhabi with operations in 11 countries worldwide, has started oil production at its Atrush Block in the Kurdistan region of Iraq. Abu Dhabi National Energy Company PJSC (TAQA), a leading global energy

June 29, 2017   Nigerian National Petroleum Corporation (NNPC), FIRST Exploration & Production (First E&P) and Schlumberger signed today a tripartite agreement for development of the Anyala and Madu fields under OML 83 and OML 85, offshore Nigeria. Under the agreement, Schlumberger will contribute the required services in kind and

First gas has been delivered on schedule from the Cayley field, the third and final new discovery to be brought on stream during the major redevelopment of the Montrose Area in the Central North Sea operated by Repsol Sinopec Resources UK. Gross incremental production from Cayley, Godwin and Shaw (brought