Oil&Auto

Boosting Vigdis

The FINANCIAL -- Equinor and its partners have decided to invest some NOK 1.4 billion in Vigdis boosting station, expected come online in the first quarter of ...

Saudi Aramco and SABIC Announced their Selection of Yanbu, on the West Coast of Saudi Arabia

The FINANCIAL -- The announcement by Saudi Aramco and SABIC, the two largest industrial entities in the Kingdom, reflects the high importance both companies place on making the Kingdom a key hub for ...

4.7 Million Barrels More Troll Oil with New Gas Module

The FINANCIAL -- A new gas module has been put on stream on Troll B, boosting the oil production and processing capacity on the Troll field. It is essential to maximising the value of the remaining ...

Narrowing Gender Gap is a Key Priority for Saudi Aramco

The FINANCIAL -- Saudi Aramco hosted the Gulf Region Organization for Women (GROW) forum under the banner of “Shaping the Future of Female Opportunities”, at the Plaza Conference Center today. ...

Third Quarter 2018 Results

The FINANCIAL -- Strong earnings and cash flow: Underlying replacement cost profit for the third quarter of 2018 was $3.8 billion, more than double a year earlier and the highest quarterly result in ...

More Than 5 Billion Recoverable Oil-equivalent Barrels Discovered in Less Than Four Years

The FINANCIAL -- ExxonMobil said it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion ...

Apodi Solar plant in Commercial Operation

The FINANCIAL -- Around 170,000 households in Brazil are now powered with electricity from the Apodi Solar Plant. The 162 MW Apodi Solar plant, operated by Scatec Solar, was Equinor’s first step ...

Stepping up the LPG Cctivity in South-East Asia

The FINANCIAL -- Equinor and Global Petro Storage (GPS) have entered into a long-term agreement for a terminal and storage for LPG (Liquified Petroleum Gas) volumes in Port Klang in ...

Total Enters the Fuels Retail Sector with the Acquisition of Grupo Zema Distribution Business

The FINANCIAL -- Total has entered into an agreement with Brazilian company Grupo Zema to acquire its fuel distribution company Zema Petróleo, its reseller and retailer arm Zema Diesel as well as ...

Johan Castberg Construction Begins at Stord

The FINANCIAL -- Norwegian minister of petroleum and energy, Kjell-Børge Freiberg, will today start cutting the first sheet for the topside of the Johan Castberg vessel at Kværner's yard at Stord. ...

Anadarko Announces $4 Billion Midstream Asset Sale

The FINANCIAL -- Anadarko Petroleum Corporation announced a transaction to sell substantially all of its remaining midstream assets for $4.015 billion to Western Gas Partners, LP, with $2.0075 ...

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