Archive for Press Releases

Neste ranked the 2nd most sustainable company in the world

Neste ranked the 2nd most sustainable company in the world

January 23, 2018 No Comments

Neste reached its highest-ever ranking by placing 2nd on the Global 100 list of the world’s most sustainable companies. This is the 12th time that Neste is included on the list. The company has been included on the list for longer continuously than any other energy company in the world. Similarly to last year, Neste […]

Cairn provides update on Group’s trading performance in 2017

Cairn provides update on Group’s trading performance in 2017

January 23, 2018 No Comments

Cairn intends to announce its preliminary results for the year to 31 December 2017 on Tuesday 13 March 2018. In advance of these results, Cairn provided an update on recent operations and the Group’s trading performance in 2017 together with guidance for 2018. Corporate and Finance Cairn offloaded its first Kraken cargo of ~386,000 barrels […]

Aker Solutions Wins Subsea Orders for Troll and Askeladd Projects

Aker Solutions Wins Subsea Orders for Troll and Askeladd Projects

January 23, 2018 No Comments

Aker Solutions was awarded contracts from Statoil to provide subsea production systems and services for the Troll Phase 3 and Askeladd natural-gas developments offshore Norway. The company will deliver a subsea production system consisting of two manifolds and nine trees for the Troll development in the North Sea. The system for Askeladd in the Barents […]

Statoil awards subsea contracts for the Troll Phase 3 and Askeladd projects

Statoil awards subsea contracts for the Troll Phase 3 and Askeladd projects

January 23, 2018 No Comments

Statoil has, on behalf of the license partners, awarded EPC contracts for the delivery of subsea production systems and services for the Troll Phase 3 project in the North Sea and the Askeladd project in the Barents Sea, respectively, to Aker Solutions. The contracts have a total estimated value of between NOK 1.5-2 billion kroner. […]

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Schlumberger Announces Full-Year and Fourth-Quarter 2017 Results

Schlumberger Announces Full-Year and Fourth-Quarter 2017 Results

January 22, 2018 No Comments

Full-year 2017 revenue of $30.4 billion increased 9% year-on-year. This included a full year’s activity from the acquired Cameron businesses as compared to three quarters of activity in 2016. Excluding the addition of Cameron, revenue growth was driven by land activity in North America, which increased by 82% in line with the increase in rig […]

ExxonMobil Named 2017 Explorer of the Year by World Oil and Gas Council

ExxonMobil Named 2017 Explorer of the Year by World Oil and Gas Council

January 22, 2018 No Comments

ExxonMobil has been named 2017 Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry. “This award is recognition of ExxonMobil’s successful efforts to strengthen our portfolio by accessing and discovering the highest quality resources,” said Steve Greenlee, president of ExxonMobil Exploration Company. […]

Electric Mobility Solutions; XSTORAGE by Nissan

Electric Mobility Solutions; XSTORAGE by Nissan

January 19, 2018 No Comments

xStorage is a portfolio of energy storage solutions that give you access to safe, reliable and sustainable energy. The home storage unit gives Nissan’s electric vehicle batteries a ‘second life’. By partnering with Eaton, we provide scalable energy storage systems fit for your homes and your business, allowing all of us to benefit from the […]

Norte III Power Plant in Mexico

Norte III Power Plant in Mexico

January 18, 2018 No Comments

Aligning with Mexico’s Ministry of Energy’s National Electric System Development Program (PRODESEN) 2017-2030 plan, GE’s Power Services business (NYSE: GE) signed long-term agreements with a consortium formed by Macquarie Capital and Techint valued at approximately over $330M. The Multi-Year Agreements (MYA), include two fully integrated contracts, including an Operation and Maintenance (O&M) agreement and a […]

BP to take $1.7 billion post-tax non-operating charge

BP to take $1.7 billion post-tax non-operating charge

January 18, 2018 No Comments

The Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement is winding down. BP now expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results for the remaining Business Economic Loss (BEL) and other claims associated with the CSSP. The cash […]

ONZ-7 well, Morocco

ONZ-7 well, Morocco

January 18, 2018 No Comments

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, has spud its ONZ-7 development well on the Sebou permit in Morocco. The ONZ-7 well is the fifth well in the Company’s nine well campaign. The well is anticipated to take 10-15 days to drill and if successful is expected to […]

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