Energy

Shell, Petrobras sign agreement to develop pre-salt fields
Energy

Shell, Petrobras sign agreement to develop pre-salt fields

Royal Dutch Shell Plc said it has entered into a MoU with Petrobras to establish a long-term mutual collaboration in developing pre-salt fields in Brazil. Shell will benefit from technical solutions, contract management expertise and cost efficient initiatives Petrobras applies to Brazil’s pre and post-salt projects. Shell will share with […]

Total sells 15% stake in Gina Krog to Kuwait’s KUFPEC
Energy

Total sells 15% stake in Gina Krog to Kuwait’s KUFPEC

France’s oil major, Total said it has divested its remaining stake in Gina Krog Field located in Norway to Kuwait Foreign Petroleum Exploration Company (KUFPEC). The agreement is an add-on to a 2016 transaction between Total and KUFPEC concerning Norwegian North Sea assets, which included a 15% interest in Gina Krog. […]

Rio Tinto’s opens Silvergrass mine worth USD338 million
Energy

Rio Tinto’s opens Silvergrass mine worth USD338 million

Rio Tinto has opened Silvergrass iron ore mine in Western Australia. The US$338 million project is the 16th mine at Rio Tinto’s iron ore operations. The Silvergrass mine will produce low-phosphorous ore crucial to maintaining Rio Tinto’s premium Pilbara Blend product. Rio Tinto chief executive J-S Jacques said “Silvergrass is […]

Statoil declares non-commercial gas at Korpfjell
Energy

Statoil declares non-commercial gas at Korpfjell

Statoil said it has discovered non-commercial gas volume in the Korpfjell well in the Barents Sea southeast. Korpfjell is the first exploration well drilled in the Norwegian section of a formerly disputed area between Norway and Russia. “We have all the time pointed out the high level of geological uncertainty […]