Post Archive by Day: October 18, 2018

BP starts up Thunder Horse Northwest Expansion ahead of schedule and under budget

18 October 2018 Latest development at BP’s largest Gulf platform adds 30,000 barrels per day production Fourth major project start-up for BP in 2018 Houston – BP announced today that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent under budget. This is the fourth

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Shell sells Danish upstream assets to Noreco in US$1.9bn deal

18 October, 2018 Norwegian Energy Company (Noreco) has agreed to purchase LNG giant Royal Dutch Shell’s upstream assets in Denmark for US$1.9bn (£1.45bn). Shell will sell its shares in Shell Olie-og Gasudvinding Danmark (SOGU), a wholly-owned subsidiary that holds a 36.8% non-operating interest in the Danish Underground Consortium (DUC). The transaction is subject to regulatory approval and is expected to

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Equinor further focuses NCS portfolio

October 18, 2018 Equinor has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of USD 220 million. Tommeliten Alpha is a gas/condensate discovery that was made in 1976. Through this transaction Equinor will divest its 42.38% interest in the Tommeliten Unit (PL 044 TA) and

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Iran Plans to Boost Oil Output in Persian Gulf

2018-10-18 TEHRAN (NIOC) _ The Iranian Offshore Oil Company (IOOC) signed a contract with PetroIran Company for maintaining and enhancing oil production capacity of Sivand, Esfand and Dena offshore oilfields in Persian Gulf waters. The contract was signed on Wednesday between the two companies and is to be completed in a 20-month period. An increase of 16,000 b/d of crude

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Occidental Petroleum Announces Dividend

Thursday, October 18, 2018 HOUSTON – October 18, 2018 – Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $0.78 per share on common stock payable on January 15, 2019, to stockholders of record as of December 10, 2018. Occidental has paid quarterly dividends continuously since 1975 and has increased its

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NNPC Washes Hands of Abia Oil Pipeline Explosion

18th October, 2018 he Nigerian National Petroleum Corporation (NNPC) has refuted the allegation that negligence on its part caused the oil pipeline fire incident Friday last week in Umuaduru and Umuimo communities in Osisioma Ngwa Local Government Area of Abia State. A release by the NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, today in Abuja, affirmed

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Falana Thumbs-up NNPC’s Innovative Healthcare Venture

18th October, 2018 Frontline human rights activist and a senior advocate of Nigeria, Mr. Femi Falana has commended the ongoing medical intervention project by the Nigerian National Petroleum Corporation designed to provide in-country availability of first-rate healthcare services to stem the tide of medical tourism by Nigerians. Falana, who was the guest speaker at the 40th anniversary celebration of the

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