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Oil Majors Find Their Way Back to Normality as Earnings Surge
Category: Energy
Oil supermajors are getting back to their normal way of life after surviving a price slump that shook the foundations of their business. BP Plc gave the boldest signal yet that the worst of the downturn was over, announcing on Tuesday that it would buy back shares for the first time in three years. After posting […]
Source: Bloomberg
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Oil firm Aker BP in $2 billion deal to buy Norway unit of Hess
Category: Energy
Aker BP has agreed to buy the Norwegian unit of U.S. oil firm Hess in a $2 billion deal, the companies said on Tuesday. Hess is the latest global oil company to abandon or scale back its presence in Norway, following partial divestment by BP and Exxon Mobil in 2016 and 2017, respectively. Aker BP […]
Source: Reuters
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North Sea Oil Squeezed as U.S. Ships Crude Like Never Before
Category: Energy
As crude oil gushes out of the U.S. like never before, it looks increasingly like North Sea oil will suffer collateral damage. America exported a record high 1.98 million barrels a day of crude in the week ended Sept. 29, equal to the crude that normally gets shipped every day in the North Sea. Much […]
Source: Bloomberg
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Kan gjøre ulønnsomme oljeprosjekter lønnsomme: Nå utvikles de «radikale» pumpene i Norge og Italia
Category: Energy
En ny undervannspumpe til bruk i petroleumsindustrien er under utvikling – en pumpe som kan gjøre ulønnsomme petroleumsprosjekter lønnsomme. Det var i utgangspunktet et knippe av verdens absolutt største oljeselskap – blant annet Chevron, Shell og Total, samt Statoil – som i sin stadige jakt etter kostnadsbesparende Pumpesystemene på sokkelen får man gjerne behov for […]
Source: Teknisk Ukeblad
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Statoil achieves climate target two years ahead of schedule
Category: Energy
Statoil has already achieved its 2015 target of reducing the annual CO2 emissions from the Norwegian continental shelf by 1.2 million tonnes from 2008 to 2020. The reduction equals the emissions from some 600 000 private cars annually, or almost every fourth car on Norwegian roads. “It is essential that we take strong and effective […]
Source: Statoil
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