April 19, 2019 10:23 CEST The Central Azeri Platform (ACG). (Photo: Stuart Conway / BP) Equinor and eight partners in the offshore Azeri Chirag Gunashli (ACG) oilfield in the Caspian Sea have made a USD 6 billion investment decision to build an additional platform in the license area. The investment decision follows an agreement with the Government of Azerbaijan to extend
Continue readingRelease date: 19 April 2019 Next stage of development of giant ACG field in Caspian Sea New 100,000 barrel a day platform expected onstream in 2023 New development approved in 25th year of landmark partnership BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in
Continue readingOKLAHOMA CITY, April 19, 2019 /PRNewswire/ — Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues, as stated below. View News Release Full Screen 4.50% 5% 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A N/A Date of Original Issue September 14, 2005 November 8, 2005 May 17, 2010 May
Continue reading202.682.8114 | press@api.org WASHINGTON, April 18, 2019—The American Petroleum Institute released the following statement regarding the Federal Energy Regulatory Commission’s (FERC) bipartisan approval of the Driftwood and Port Arthur liquefied natural gas (LNG) and pipeline projects. “API applauds FERC for coming together and approving two projects that will help to further America’s energy revolution,” said API’s Vice President of Market Development,
Continue readingBEDFORD, Mass. – April 18, 2019 – Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization™ software company, today announced that Georgia Keresty has been appointed to the Aspen Technology board of directors. Keresty brings more than 35 years of experience within the highly regulated pharmaceutical and healthcare industry where she has built a strong reputation as a scientific leader who drives operational excellence and innovation.
Continue readingRIYADH, April 18, 2019 In his keynote address at the Future Projects Forum held recently in Riyadh, Senior vice president of Technical Services Ahmad A. Al Sa’adi notes that the Kingdom is already the Middle East’s largest market for contracting, and more growth is expected: “We are always keen to support and encourage contractors and manufacturers, and to provide opportunities
Continue reading04.18.2019 Hess today announced a new discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated gross discovered recoverable resource of more than 5.5 billion barrels of oil equivalent on the Stabroek Block. “Yellowtail marks the 13th significant discovery on the Stabroek Block,” said CEO John Hess . “As the fifth discovery in
Continue readingDENVER, April 18, 2019 (GLOBE NEWSWIRE) — HighPoint Resources Corporation (“HighPoint” or the “Company”) (NYSE: HPR) today announced that the Company plans to issue its first quarter 2019 financial and operating results press release after the market close on Monday, May 6, 2019. The Company will host a conference call on Tuesday, May 7, 2019, to discuss the results. The call is scheduled at 10:00 a.m. Eastern
Continue readingST. LOUIS, April 18, 2019 – Emerson (NYSE: EMR) will report its second quarter 2019 results prior to market open on Tuesday, May 7, 2019. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 2:00 p.m. Eastern Time, 1:00 p.m. Central Time. All interested parties may listen to the live conference call by
Continue readingLONDON, April 18, 2019 /PRNewswire/ — Noble Corporation plc (NYSE: NE) today announced that its report of drilling rig status and contract information has been updated as of April 18, 2019. The report, titled “Fleet Status Report,” can be found on the Company’s Website www.noblecorp.com, under the “Investor Relations” section of the Website. About Noble Corporation plc Noble is a leading offshore drilling contractor for the oil
Continue reading202.682.8114 | press@api.org WASHINGTON, April 18, 2019 – Today, the American Petroleum Institute’s latest monthly statistical report showed that the U.S. sustained its position as the world’s leading oil producer, continuing a pace of 12.1 million barrels a day (mb/d), matching February 2019. In addition, petroleum demand in March was the strongest for that month in more than a decade at 20.7 mb/d.
Continue readingAPRIL 18, 2019 HOUSTON – ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries indirectly hold the company’s exploration and production assets in the U.K., as well as associated decommissioning liabilities. ConocoPhillips will retain its London-based
Continue readingby drillinginfo | Apr 18, 2019 | Oil & Gas | 0 Comments Natural gas storage inventories increased 92 Bcf for the week ending April 12, according to the EIA’s weekly report. This injection is slightly below the market expectation, which was an inventory increase of 95 Bcf. Working gas storage inventories now sit at 1.247 Tcf, which is 57 Bcf below inventories at the same time
Continue readingWednesday 17th April 2019 SNC-Lavalin Group Inc. (TSX: SNC) will host its Annual Shareholders’ Meeting in Montreal and will hold its first quarter earnings conference call on May 2, 2019. Annual Meeting SNC-Lavalin’s Annual Shareholders’ Meeting will be held at 11:00 a.m. (Eastern Time) on Thursday, May 2, 2019, at the Palais des congrès, 1001 Place Jean-Paul-Riopelle, Montreal, Quebec. The event will be
Continue readingHOUSTON, TX – April 17, 2019 – Demonstrating once again that safety is a priority for its clients and employees, MicroSeismic, Inc. (MicroSeismic) announced today two significant safety milestones – achievement of 2 million man hours without a lost time incident (LTI) and a 0.0 total recordable incident rate (TRIR) for 2017 and 2018. These milestones signify the company’s continued
Continue readingOptimized drill pipe connection increases efficiencies in extended-reach applications Premium drill pipe connections, first introduced in the mid-2000s, allowed drilling in deviated and extended-reach offshore applications where earlier generations of API rotary-shouldered connections would have failed. Such premium connections’ acceptance found its limits due to their higher maintenance cost. Recognizing an opportunity to address a market demanding a connection with
Continue readingTeam News – Milestone Events Over the past couple of months some of our Adelaide HQ team have been celebrating milestone Petrosys birthdays. Brad Rymer has reached 21 years with Petrosys and Pavel Polach has just passed 15 years. Brad started in 1998 as a Technical programmer initially working on import/export formats before starting work on dbMap desktop. Move forward
Continue readingIn 1989, Encom Technology a small software house based in Sydney produced their first permits map which would begin a 30-year journey developing into what we now know today as the GPinfo Petroleum Permit Map, becoming the definitive source for Australasian Petroleum exploration information. GPinfo is born Around the time of producing the first map Encom quickly came up with
Continue readingby drillinginfo | Apr 17, 2019 | Blog | 0 Comments US crude oil stocks posted a decrease of 1.4 MMBbl from last week. Gasoline and distillate inventories decreased 1.2 MMBbl and 0.4 MMBbl, respectively. Yesterday afternoon, API reported a crude oil draw of 3.1 MMBbl alongside a gasoline draw of 3.6 MMBbl and a distillate build of 2.3 MMBbl. Analysts, to the contrary were expecting a
Continue readingANSYS enables Ferrari Competizioni GT to create 3x more simulations without additional development time or resources PITTSBURGH, April 17, 2019 – Ferrari Competizioni GT is leveraging cutting-edge ANSYS (NASDAQ: ANSS) simulation software to create next-generation vehicle designs that promise a substantial advantage on the track. Through a new partnership agreement, Ferrari Competizioni GT engineers are advancing the aerodynamic performance of their elite race cars
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