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2014-08-20 17:50:00

GUDRUN WAS OPENED

GUDRUN WAS OPENED

Statoil and Norway's Prime Minister Erna Solberg officially opened the Gudrun platform in the North Sea on Tuesday.

'This is the first new Statoil-operated platform on the Norwegian continental shelf (NCS) since Kristin in 2005,' wrote the company on its website.

According to the company, the platform has been put on stream on time and below the cost estimate of the plan for development and operation (PDO).

"Gudrun is a good example of how we manage to realize projects by combining new field developments with existing infrastructure. This is good value creation that helps maintain activity and extends the life of a wide range of offshore fields and facilities," said Statoil's chief executive Helge Lund.

Gudrun is an oil and gas field in production licence PL025, about 55 kilometres north of the Sleipner installations.

Statoil has combined a new field development with existing infrastructures. It is the first new Statoil-field in the Stavanger region since Sleipner in 1993, and it will be soon followed by similar projects.

"It's good to see a new field joining the old giants - Statfjord, Snorre and Sleipner. Later on, Gina Krog will also come to Operations South. This field will also be tied in to Sleipner - yet another win-win situation," Nylund commented.

The licensees in PL025 are Statoil (operator - 51%), GDF SUEZ E&P Norge (25%) and OMV Norge A/S (24%).

naturalgaseurope.com

Tags: STATOIL, NORWAY, GUDRUN, OIL, GAS

Chronicle:

GUDRUN WAS OPENED
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

GUDRUN WAS OPENED
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

GUDRUN WAS OPENED
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

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GUDRUN WAS OPENED
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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