Image - Statoil extends gas sales agreement with Centrica

Statoil extends gas sales agreement with Centrica

Statoil has made an agreement with Centrica to increase the volume of gas it supplies to Centrica under an existing supply agreement. In 2011 Statoil signed a 10 year agreement with Centrica for the supply of 5 billion cubic metres (bcm) of gas per annum to be delivered to the UK from October 2015. Ann-Elisabeth Serck-Hanssen, acting Senior vice president Marketing and trading in Statoil. The new agreement will increase the volume of gas...

Oil and Gas - May 13, 2015


Image - Statoil Completes Sale of 15.5% Share in Shah Deniz to PETRONAS

Statoil Completes Sale of 15.5% Share in Shah Deniz to PETRONAS

On Thursday 30 April 2015, Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on 13 October 2014. The sale involved the transfer of Statoil's 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company (AGSC). The closur...

Oil and Gas - Apr 30, 2015


Image - Start Up of Kizomba Satellite Fields Offshore Angola

Start Up of Kizomba Satellite Fields Offshore Angola

BP confirmed today the start of oil production from the Kizomba Satellites phase 2 development in Block 15, offshore Angola. Operated by ExxonMobil, the deepwater project is expected to produce around 70,000 barrels of oil per day at peak. "This is the first of BP's planned start-ups for 2015 and is another successful project from this prolific block," said Darryl Willis, BP's regional president, Angola. "We expect to follow this up later in t...

Exploration - Apr 30, 2015




zpsk