Statoil ASA has agreed to sell 40% of the Peregrino field offshore Brazil to Sinochem Group. Statoil maintains 60% ownership and the operatorship of the field which is set to start production in early 2011.
Electrabel, Group GDF SUEZ, closed the procedure of accelerated bookbuilding that was launched this morning for the sale of the shares held within Elia (Belgium’s transmission system operator).
Record participation in the contest for Statoil's 2010 natural science award shows that the competition now attracts nationwide interest.
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Branch of JSC “EC UES” – “Firm ORGRES” – won in the tender announced by OAO “Management Company Sibir’energo”. “Firm ORGRES” will carry out an extraordinary energy inspection at OAO “Novosibirskgorteploenergo”. Project completion is scheduled for late November, 2010.
Efficient application of innovative technologies and new equipment enabled OAO "Belkamneft" (a subsidiary of OAO NK "RussNeft") to increase drilling penetration rate from 18-19 m/h up to 34-39 m/h in the drilling interval for surface casing, which results in considerable reduction of drilling time as well as of costs for using expensive mashinery.
A meeting of the Board of Directors took place at the Gazprom headquarters. The meeting resolved to convene the annual General Shareholders Meeting of Gazprom on June 25, 2010 in Moscow.
SOCAR and the Swiss Aurora Progress commodity trading house will partner in the development of oil storage facilities, including the new 641,000 m3 oil products storage terminal being built in the Port of Fujairah, UAE.
Rosneft announced the signing of a Strategic Cooperation Agreement with Crescent Petroleum, the Middle East’s longest established private petroleum company.
TNK-BP announced today the launch of a new multifunctional service station in Saint-Petersburg in the framework of the strategy aimed at expanding its retail network operating under the BP brand. The new site is the sixth BP-branded station opened in Russia’s Northern capital.