Day: October 2, 2017

By Oke PeterInternational oil giants, Statoil, Shell and Total will today sign a partnership agreement to mature the development of carbon storage on the Norwegian Continental Shelf (NCS). The project is part of the Norwegian authorities’ efforts to develop full-scale carbon capture and storage in Norway. In June, Gassnova awarded Statoil the contract for the…

By Oke Peter Oil prices fell on Monday, pausing for breath after posting gains of as much as 20 percent in the third quarter, after a survey pointed to a slight increase in OPEC production in September. U.S. crude CLc1 was down 13 cents, or 0.3 percent, at $51.54 a barrel at 0346 GMT. The…