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News Archive for: September 2012

Total warns against drilling for oil in Arctic:

Chief executive Christophe de Margerie said his company would not be joining the stampede north as an oil leak “would do too much damage to the company”.

The stance puts Mr de Margerie at odds with his competitors who are busy carving out oil exploration programmes in the area. Royal…

AAR set to make $20bn-plus cash offer for BP’s total stake in TNK-BP:

Russian partners inside the TNK-BP joint venture are talking to financiers about raising money to make a potential $20bn (£12.4bn) cash offer for BP’s stake in the oil and gas business as early as next month.

The revelations have been met with a steely silence from BP which has developed…

Chevron announces new premium hydraulic oils that deliver fuel costs savings and enhanced productivity:

Chevron Lubricants, maker of technologically advanced engine oils, lubricants and coolants, introduced three new premium hydraulic oils at MINExpo in Las Vegas, NV. Clarity® Synthetic Hydraulic Oil AW, Rando® HDZ and Rando® HD Premium Oil MV offer multi viscosity or high viscosity index (VI) formulations that deliver fuel cost…

£10 Million Innovation Fund for Oil and Gas:

Energy Minister Fergus Ewing today invited applications for funding from a £10 million fund to support innovation in the Oil and Gas sector.

Increasing investment in the Oil and Gas sector was a key component of the Scottish Government’s Oil and Gas strategy, developed in conjunction with industry and published…

Dong to drill at southern North Sea prospect off Norway:

Danish explorer Dong has reportedly lined up an exploration probe at the Musling prospect in the southern North Sea off Norway.

Compatriot contractor Maersk Drilling’s jack-up Maersk Giant has been chartered to drill the 3/7-9 well in Dong-operated production licence 289, at a location north-north-west of the Rokke and Trym…

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