Posts Tagged ‘giant’

Lundin nod for new Sverdrup appraisal

by on November 22, 2012 4:44 pm BST
Swedish explorer Lundin Petroleum has been given the go-ahead by the Norwegian Petroleum Directorate to drill a further appraisal on the giant Johan Sverdrup discovery in the North Sea.The 16/3-5 will be drilled by Fred Olsen Energy-owned semi-submersible Bredford Dolphin in Lundin-operated production licence 501, making it

Statoil probe concludes North Sea gas leak was serious

by on October 24, 2012 1:09 pm BST
Statoil probe concludes North Sea gas leak was seriousKjetil Malkenes Hovland, Dow Jones Newswires   OSLO -- The Norwegian oil and gas company Statoil ASA  said Wednesday that the May 26 gas leak on the Heimdal field in the North Sea was serious, and an investigation showed that the company had to

Total ‘stalling’ on Yamal LNG decision

by on October 23, 2012 10:53 am BST
The French giant and its Russian partner on the Yamal LNG project, Novatek, were expected to make a decision to move ahead with the $20 billion scheme by the end of this year in order to launch production in 2016.However, this schedule has apparently slipped, with Total’s head of gas

ExxonMobil 'heading for West Qurna 1 exit'

by Forex Rooton October 18, 2012 2:43 pm BST
ExxonMobil is reportedly looking to exit the giant West Qurna 1 oilfield scheme in Iraq due to concerns over its profitability, following claims the Baghdad government was looking to replace the US supermajor on the project.The company has now informed Iraqi Deputy Prime Minister for Energy Hussain al-Shahristani and