Energy

Total declares EUR2.45 per share dividend
Energy

Total declares EUR2.45 per share dividend

Total has declared EUR2.45 per share dividend, an increase of 0.4% compared to the 2015 dividend. The dividend took into account three interim dividends of €0.61 per share paid on October 14, 2016, January 12, 2017, and April 6, 2017, the Shareholders’ Meeting noted that the final 2016 dividend to […]

Nor Lines and Rolls-Royce sign power agreement
Energy

Nor Lines and Rolls-Royce sign power agreement

Nor Lines and Rolls-Royce have signed a groundbreaking “Power-by-the-Hour” service agreement for the two vessels Kvitbjørn and Kvitnos. The new service offering harnesses the power of “Big Data” to monitor, plan and perform maintenance and repairs on all the equipment it has installed on the cargo vessel. Power-by-the-Hour is a […]

Oando says Nigeria could hit 2.2 million bpd by June
Energy

Oando says Nigeria could hit 2.2 million bpd by June

Oando Chief Executive, Pade Durotye believes that with what appears to be the worst disruptions in Nigeria’s oil-producing Delta region are over, and production could reach 2.2 million barrels per day (bpd) by the end of June. Durotoye told the Africa Independents Forum in London the long-closed Forcados oilfield could be […]

BP starts production at Schiehallion Area
Energy

BP starts production at Schiehallion Area

British oil major, BP said it has started production at Schiehallion Area, following completion of the multi-billion-pound Quad 204 project in the west of Shetland region, offshore UK. BP said Schiehallion and the adjacent Loyal fields were first developed in the mid-1990s and have produced nearly 400 million barrels of […]