18 February, 2019 A consortium led by Spain’s Repsol has made a significant gas discovery in Sumatra, Indonesia. The find, which has been confirmed by the country’s oil and gas regulator SKK Migas, is estimated to hold over 250m barrels of oil equivalent, which would make it the largest gas discovery in Indonesia since ExxonMobil’s Cepu discovery in 2001. The
Continue readingEquinor signs a three-year contract extension with Capgemini to help optimize its operations and accelerate the pace of its global digital transformation February 18, 2019 Author:Moore, Michele Norwegian energy giant strengthens its strategic partnership with Capgemini for application development and management in multi-million Euro contract Paris and Oslo, February 18, 2019 – Capgemini has signed a three-year, multi-million Euro contract extension with Equinor,
Continue readingMoU will support BHGE’s deeper collaboration with Qatar Petroleum to develop leading technology solutions for the region BHGE to strengthen footprint in Qatar by expanding two key facilities, supporting development of local workforce and supply chain DOHA: February 18, 2019: Baker Hughes, a GE company (NYSE: BHGE), the world’s first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU)
Continue readingFebruary 18, 2019 Oslo, Norway – February 15, 2019: Aqualis ASA (“Aqualis”) will release its fourth quarter results for 2018 on Thursday, February 28, 2019 at approximately 06:00 am Central European Time (CET). A presentation is scheduled the same day at 8:00 am CET at SpareBank 1 Markets’ office at Olav Vs gate 5, 0161 Oslo. The event will be
Continue readingHOUSTON, Feb. 15, 2019 /PRNewswire/ — Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Bharat Gas Resources Ltd., a wholly owned subsidiary of Bharat Petroleum Corporation Ltd. (BPCL). The SPA is for 1 million tonnes per annum (MTPA) for a term of
Continue readingOKLAHOMA CITY, Feb. 14, 2019 /PRNewswire/ — Chesapeake Energy Corporation (NYSE:CHK) announces an innovative partnership to accelerate the company’s digital transformation and data-driven growth initiatives. Chesapeake continues to build momentum in early 2019, with a concentration on operational efficiency and optimization, capital discipline and growth by leveraging advanced data science and machine learning/AI to solidify its position as a top-tier operator. The company’s
Continue reading202.682.8114 | press@api.org WASHINGTON, February 14, 2019 – Coming off a remarkable December, the energy industry kicked off 2019 with record-setting numbers. The American Petroleum Institute’s latest Monthly Statistical Report (MSR) shows the U.S. natural gas and oil industry set multiple records in January, including: Strongest gasoline demand (8.9 million barrels per day, mb/d) for the month January on record since 1945.
Continue reading202.682.8114 | press@api.org WASHINGTON, February 14, 2019 – Today, the American Petroleum Institute and the North America’s Building Trades Unions (NABTU) thanked the highly skilled craft tradesmen and women for their hard work on API’s new headquarters and highlighted the partnership between the natural gas and oil industry and labor. API’s new headquarters is located at 200 Massachusetts Avenue, where the
Continue readingThe NORSOK D-010 is the only holistic well integrity standard in the world, that addresses well integrity throughout the life cycle of the well, starting with well construction (drilling, underbalanced/managed pressure drilling, completion, testing), through its service life (production, pumping) including remedial intervention activities (wire-line, coiled tubing, snubbing), before terminating the well (abandonment activities). The standard focuses strongly on the establishment
Continue readingHOUSTON, Feb. 13, 2019 /PRNewswire/ — McDermott International, Inc. (NYSE: MDR) today commented on its assessment of the financial position of the Cameron LNG project as of the end of the fourth quarter of 2018. McDermott’s comment follows the release on February 13, 2019, of quarterly financial results by Chiyoda Corporation, a member of the joint venture, along with McDermott, working
Continue readingRALEIGH, February 12, 2019 – The American Petroleum Institute is growing its North Carolina office to bolster its advocacy efforts on the importance of natural gas and oil, energy infrastructure projects, and how the energy revolution helps support the continued delivery of reliable and affordable energy to consumers across the state. API’s North Carolina Petroleum Council Executive Director David McGowan
Continue reading16 January, 2019 British chemicals giant Ineos will make its biggest ever investment by building a new £2.7bn petrochemicals complex in Belgium. The ethane gas cracker and world-class propane dehydration units will be located in Antwerp within existing Ineos sites and will be connected by pipeline to a number of the company’s ethylene and propylene units in the region. It
Continue readingTORONTO, ON – January 16, 2019 Intelex Technologies, a leading global provider of cloud-based Environmental, Health, Safety and Quality (EHSQ) management software, kicked off our first quarter of 2019 with continued growth, new partnerships, and a strategic expansion in Europe. “Increasingly global organizations are recognizing the link between success, the environment and safety. We believe strongly that the world of
Continue reading(Hong Kong, January 16, 2019) – CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production. Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project is located in south-central part of the eastern South China Sea, approximately 170 kilometers from Hong Kong, with
Continue reading15 January 2019 Topics: Asset/portfolio management Marginal/aging fields Offshore Equinor drilling operations at the giant Johan Sverdrup field, where production is slated to start up this year. Similar development opportunities will be needed to sustain Norwegian production through the next decade. Source: Kjetil Eide, Equinor. NCS Norwegian continental shelf Norway Lundin Petroleum Aker BP Equinor dno Norway’s energy ministry on
Continue reading15. January 2019 Aker BP has been offered interests in 21 new production licenses in Norway, of which 11 as operator, through the Awards in pre-defined areas (APA 2018) licensing round. Evy Glørstad-Clark SVP Exploration – We are excited about the opportunities in the licenses that Aker BP has been awarded today, says Evy Glørstad-Clark, Senior Vice President Exploration in
Continue readingNORCROSS, GA., January 15, 2019 – Hexagon’s Geospatial division, a world leader in high performance geospatial solutions, is proud to announce the V2018.1 release of the Luciad Portfolio. V2018.1 focuses on further expanding 3D capabilities and includes additional data formats and standards for users in military and maritime domains. To accommodate organizations’ expanding geospatial data, LuciadFusion introduces a RESTful API
Continue readingJanuary 15, 2019 Gullfaks field illustration. See download link below for a larger illustration. The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 million barrels with good profitability. On behalf of the licence partners, Equinor’s executive vice president for Development and Production Norway, Arne Sigve Nylund, presented an amended plan for development
Continue readingJanuary 15, 2019 14:45 CET The Transocean Leader drilling rig in the North Sea. (Photo: Harald Pettersen / Equinor ASA) Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as part of the Award in Predefined Areas (APA) for 2018 – 13 licences as operator and 16 as partner. “The APA rounds are important for
Continue reading15 Jan 2019 OIL & GAS Equinor is using technical expertise from Lloyd’s Register (LR) to lead a safety study assessment for the second phase of the Peregrino oil field in Brazil. Equinor and Sinochem are joint field owners with Equinor being the operator with a 60% interest in the asset. This second phase, which includes the addition of a
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