Shell has completed the sale of Dansk Fuels in Denmark to Couche-Tard for approximately $300 million including working capital. Dansk Fuels comprises Shell’s Retail, Commercial Fuels, Commercial Fleet and Aviation businesses, and ...
BASF Group company Wintershall is continuing its growth course in Norway. By acquiring shares in the production fields Gjøa (5%) and Vega (24.5%), Wintershall is increasing its production in Norway from about 40,000 barrels of oil ...
Tags: Statoil, Wintershall, Construction
BASF Group company Wintershall is further expanding its oil and gas production and reserves in the North Sea. Wintershall will acquire shares in the two producing fields Gjøa (5%) and Vega (24.5%), the development project Aasta ...
Tags: BASF, oil, gas production
Swedish integrated olefins and polyolefins producer, Borealis, has inked a 10-year deal with Antero Resources to supply ethane from the US for its flexible steam cracker in Stenungsund, Sweden. Alongside, Borealis has also signed a ...
BASF's business developed positively in the second quarter of 2014. At €18.5 billion, sales rose by 1% compared with the same period of the previous year. "This was largely the result of higher sales volumes in our chemicals business, ...
Tags: BASF, Increase, Decoration
The Platts LNG Japan Korea Marker for August ended the Asian trading at $11.925/MMBtu Friday, falling 10 cents on the week, as the result of the recent North West Shelf tender weighed on the market sentiment. Demand from end-users ...
Norway's Statoil and its partner ExxonMobil have increased the total volumes of gas-in-place at block 2 offshore Tanzania to some 20 Tcf following a new discovery with the Piri-1 well, Statoil said Wednesday. The find, with estimated ...
Tags: ExxonMobil, Norway's Statoil
The World Bank has called on Bangladesh to raise domestic natural gas prices after five years without an increase. "The administered price of domestically produced natural gas is fixed at a level considerably below that of the ...
Tags: Natural Gas, Domestic Prices
Malaysia has approved a 20% increase in natural gas prices for industrial and commercial sectors in the west of the country, effective May 1, in order to reflect the cost of procuring more expensive imported LNG. Domestic natural gas ...
Tags: natural gas, LNG Cost
Farstad Shipping has been awarded the following charter contracts: Statoil has declared their one year option to extend the contract for the PSV Far Serenade (2009, UT 751 CD, 5,944 DWT). Saipem has declared their one year option to ...
Norway sold 9.9 billion cubic meters of gas in January, down 6% from 10.5 Bcm a year earlier and below the 10.2 Bcm in December, according to preliminary figures Friday from the Norwegian Petroleum Directorate. It said gas and oil ...
Norway's Statoil on Friday postponed its 2020 output guidance of 2.5 million barrels/day of oil equivalent by up to four years, as it reported a fall in fourth quarter output and an 8% cut in planned investment to $20 billion/year for the ...
Tags: Norway's Statoil, Mineral
PetroFrontier Corp. ("PetroFrontier") is pleased to announce that the Joint Venture OperatingCommittee has approved the 2014 Work Plan and Budget (the "2014 WP&B"). The 2014 WP&B includes the drilling of up to five vertical test wells. All ...
The Kvitebjørn field is situated east of the Tampen area, in the northern part of the North Sea. The field has been developed using an accommodation, drilling and process facility on a fixed steel jacket, in approx.190 metres of ...
Tags: Kvitebjørn field, Tampen area, Statoil, Floatel Superior
Operator Statoil has together with PL272 partners made a gas discovery in the Askja West prospect and an oil discovery in the Askja East prospect in the North Sea. The exploration wells 30/11-9 S and 30/11-9 A, drilled by the drilling ...
Tags: Statoil, Askja West prospect, oil discovery, exploration well