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February 24, 2012
Statoil makes major gas discovery offshore Tanzania

Norway’s Statoil and partner ExxonMobil have made a large gas discovery in the Zafarani exploration well offshore Tanzania. 

Norway’s Statoil and partner ExxonMobil have made a large gas discovery in the Zafarani exploration well offshore Tanzania. 

Logging results have shown what Statoil is calling a “high impact discovery”, so far proving up to five trillion cubic feet of gas in-place.

The well has encountered 120 metres of excellent quality reservoir with high porosity and high permeability, Statoil said. The gas-water contact has not been established and drilling operations are ongoing.

November 21, 2011
Centrica and Statoil form partnership

Centrica, the parent company of British Gas, and Norway’s Statoil have signed a strategic agreement for the supply of 50 billion cubic metres (bcm) of gas to the UK.

Centrica, the parent company of British Gas, and Norway’s Statoil have signed a strategic agreement for the supply of 50 billion cubic metres (bcm) of gas to the UK.

The 10-year, NBP-linked gas supply contract begins in 2015 and secures sufficient gas to meet around five per cent of the UK’s total annual demand—enough for 3.5 million homes.

The UK currently imports around 50 per cent of its gas requirements.

October 28, 2011
Ecopetrol announces Gulf Coast find

Colombia’s Ecopetrol has announced a hydrocarbon discovery in its Logan 1 well in the US Gulf Coast.

Colombia’s Ecopetrol has announced a hydrocarbon discovery in its Logan 1 well in the US Gulf Coast.

Ecopetrol’s US subsidiary Ecopetrol America Inc. has a 20 per cent interest in the project, with Norway’s Statoil the operator.

The Logan 1 well is the first discovery with Ecopetrol's participation, through its US subsidiary, in one of the regions of the world with the greatest hydrocarbon potential, the company said.

March 6, 2011
Sustainability: Top 100 companies

Martin Ashcroft reports on a study of the world’s top 100 sustainable companies, which ranks their performance in terms of how they manage environmental, social and governance (ESG) issues.

Martin Ashcroft reports on a study of the world’s top 100 sustainable companies, which ranks their performance in terms of how they manage environmental, social and governance (ESG) issues.

 

When I first wrote about sustainability as a business concept (not that long ago, either) I used my opening paragraphs to define the term and its relevance to the bottom line. So much has been said on the subject in the intervening years, however, that we all know what it means now.

February 14, 2011
Aker wins Statoil contract

Aker Solutions has received a letter of intent from Statoil for the engineering, procurement and construction of a subsea workover system for the Vigdis North East development on the Norwegian Continental Shelf.

Aker Solutions has received a letter of intent from Statoil for the engineering, procurement and construction of a subsea workover system for the Vigdis North East development on the Norwegian Continental Shelf.

Vigdis North East is an oil and gas development situated in water depths of around 280 metres in the Norwegian sector of the North Sea. Aker’s work will include provision of a complete range of components for open water workover operations.

January 26, 2011
Statoil wins Angolan oil rights

Angola has officially announced the selection of Statoil as an operator and partner in several offshore pre-salt blocks.

Angola has officially announced the selection of Statoil as an operator and partner in several offshore pre-salt blocks.

Angola’s national oil company Sonangol organised a restricted public bid round for access to pre-salt acreage in the Kwanza Basin in Angola. Pre-salt blocks are blocks where the main prospective interval was deposited prior to underwater salt accumulation millions of years ago.

September 7, 2010
Shell to sell another refinery

Royal Dutch Shell is in exclusive talks with the Finnish fuel distributor St1 to sell the oil major's Swedish refinery, it has been announced.

Royal Dutch Shell is in exclusive talks with the Finnish fuel distributor St1 to sell the oil major's Swedish refinery, it has been announced.

The Gothenburg refinery has simple-to-medium complexity, allowing it to process low-sulphur light crude from the North Sea; but not high-sulphur crude.

With a processing capacity of about 78,000 barrels of crude oil per day, the refinery supplies the domestic market with specialist fuels, such as diesel that does not freeze in the cold Scandinavian climate.

June 21, 2010
Agreement signed for European pipeline

A group led by the Italian energy group Edison has signed a deal for a pipeline to carry Caspian gas to Italy via Turkey and the Adriatic, cutting Europe’s dependence on Russia as its main gas supplier.

A memorandum of understanding for the Interconnection Turkey-Greece-Italy project, or ITGI, was signed yesterday in Ankara between Edison, Turkey’s state- run natural gas company Botas and Greek natural gas company Depa.

The ITGI project aims to transport an annual eight billion cubic metres of gas to Italy by upgrading existing infrastructure in Turkey and Greece and building a final link to Italy.

April 1, 2010
Technip Norway

Training to gain
Subsea construction and engineering company Technip Norway provides essential infrastructure services to customers working in some of the world’s most challenging environments. Ruari McCallion reports.
French engineering company Technip, headquartered in Paris, employs more than 23,000 people across the world and generates an annual turnover in excess of €7 billion. The Technip Group’s main office in Norway is in Sandvika, a few kilometres west of Oslo, with additional facilities in Orkanger, Haugesund and Stavanger. As the leading subsea engineering contractor on the Norwegian continental shelf, Technip Norway employs around 370 people and generated revenues in excess of €400 million in 2009.