NEWS

World Oil: ExxonMobil to invest up to $100 million on lower-emissions R&D with U.S. national labs

Category: Business News

IRVING — ExxonMobil has said it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory.  The agreement – among the largest between the department’s laboratories and the private sector – will support research […]

Source: World Oil

Published: May 8, 2019

World Oil: The future is in the north, according to the Norwegian Petroleum Directorate

Category: Business News

STAVANGER — Our estimates indicate that more than half of the oil and gas that has not yet been discovered is located in the Barents Sea. The rest is distributed between the Norwegian Sea and the North Sea. The opportunities are greatest in the Barents Sea, where vast areas have not yet been explored.  The […]

Source: World Oil

Published: May 8, 2019

Press Release: TechnipFMC Awarded a Significant Integrated EPCI (iEPCI™) Contract for the ConocoPhillips TOR II Development

Category: Business News

LONDON & PARIS & HOUSTON–(BUSINESS WIRE)– TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters. This contract covers the delivery and installation of a subsea production […]

Source: TechnipFMC

Bloomberg: Shell to Leave Oil Lobby Group Over Climate Policy Concerns

Category: Business News

Royal Dutch Shell Plc’s position on climate change is misaligned with about half of the trade associations it’s a part of, and the disagreement with one is so severe the company will let its membership lapse next year. The findings were issued in a first-of-its-kind report on whether the company’s association with lobbying groups is undermining its work […]

Source: Bloomberg

Published: April 2, 2019

World Oil: Petroleum Activity in the High North report shows significant value in Barents Sea

Category: Business News

STAVANGER — The Norwegian Petroleum Directorate has presented the report Petroleum Activity in the High North. The report places the petroleum activity in the High North into a historical, international and technological framework. “We hope the report can contribute in a knowledge-based approach to the debate,” says Director General Bente Nyland, who presented the report […]

Source: World Oil

Published: April 3, 2019