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Petrobras, Statoil Sign MOU

Statoil and Petrobras have signed a memo of understanding to strengthen their cooperation in Brazil.   Petrobras and Statoil are already partners in 13 blocks at either the exploration or the production phase: ten in Brazil and three abroad.


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Poland-Slovakia Link Calls for Bids

Promoters of a planned cross-border gas interconnector, Polish Gaz System and Slovak Eustream, last week launched the binding open season for capacity in either direction.


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Wintershall Warns of 2030 EU Supply Gap

Wintershall CEO Mario Mehren said August 30 that natural gas imports into the European Union will remain important, both economically and to limit global warming, as local production there declines.


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Gazprom Sells More But Earns Less

Russian gas export monopoly Gazprom saw its profit drop by about a tenth in H1 2016 compared with the year before, falling from Rbs 691.3bn ($10.6bn) to Rbs 625.


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Statoil Starts North Sea Project 4 Months Early

Statoil said August 30 that its Gullfaks Rimfaks valley (GRD) project has come onstream four months ahead of schedule. The development cost ended up Nkr 1bn ($120mn) less than originally estimated when its plan was submitted in late 2014, reducing costs from Nkr 4.


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