Total to buy Maersk for $7.45bn
Container shipping group AP Moller-Maersk has agreed to sell its oil and gas division to Total for $7.45bn, as it seeks to focus on its core transport and logistics businesses. The sale marks the first step in Maersk’s move to break itself up and is likely to be the biggest single transaction. Maersk will receive […]
France plans to end Oil & Gas production by 2040
France plans to pass legislation this year to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to do so, according to a draft bill presented on Wednesday. President Emmanuel Macron wants to make France carbon neutral by 2050 and plans to curb […]
BREAKING: Statoil makes UK North Sea Discovery of up to 130 millions barrels
The oil major and its partners made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of 25 million recoverable barrels of oil in the immediate vicinity of the wellbore. The discovery is thought to be between 25 and 130 million barrels of […]
Gazprom and ChelPipe Ink Offshore Pipeline Deal
zoom Gazprom and ChelPipe have signed an agreement at the Russian Investment Forum in Sochi for the development and batch production of pipes for offshore projects. The deal was signed by Vitaly Markelov, deputy chairman of the Gazprom management committee and Andrey Komarov, chairman of the board of directors of ChelPipe. In accordance with the […]