2018-11-18 TEHRAN (NIOC) _ Iranian Minister of Petroleum Bijan Zangeneh appointed Masoud Karbasian as the new CEO of the National Iranian Oil Company (NIOC) on Sunday. Earlier today, the official had issued a decree appointing Mr. Karbasian as a member of the company’s board of directors of four years. Karbasian has replaced Ali Kardor as NIOC CEO who stepped down
Continue readingPublished Date: 2018-11-16 Source: National Oilwell Varco The oilfield is changing. The shale boom in North America has driven a massive shift toward horizontal unconventional wells with longer, more challenging laterals, and drilling contractors that have differentiated themselves with better equipment and higher performing rigs have a distinct advantage over those that have not. To meet the needs of drilling
Continue reading2018/11/16 Port Moresby – Total and its partners ExxonMobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project. The MoU was signed during the Asia Pacific Economic Conference (APEC) in Port Moresby, in presence of Peter O’Neill, Prime
Continue readingNov 16 | 2018 Reference is made to the stock exchange notifications published by Electromagnetic Geoservices ASA (“EMGS” or the “Company”) on, respectively, 19 and 26 October 2018, regarding an acquisition in South America for an undisclosed customer. The Company has now received a purchase order from the customer for the survey. The total value of the purchase order is
Continue reading16 November 2018 Petrofac’s Engineering & Production Services (EPS) East division, along with its Kazakh consortium partner Garant Project LLP, has secured a project management services contract from Karachaganak Petroleum Operating b.v. (KPO). The three-year project management services contract is in support of KPO’s gas debottlenecking project at the company’s Karachaganak processing complex in Kazakhstan. In addition to providing the
Continue readingHOUSTON, November 16, 2018—Schlumberger Limited (NYSE:SLB) will hold a conference call on January 18, 2019 to discuss the results for the fourth quarter and full year ending December 31, 2018. The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To
Continue reading16 November, 2018 Brazil’s state-owned energy giant Petrobras has started production of oil and gas from a second floating production storage and offloading (FPSO) vessel at the Buzios field. The Buzios field is located approximately 200km offshore from Rio de Janeiro in the pre-salt Santos Basin. According to Petrobras, the FPSO, designated P-75, has a daily capacity to process up
Continue readingWASHINGTON, November 16, 2018 – The American Petroleum Institute’s latest monthly statistical report showed U.S. petroleum demand in October was 20.8 million barrels per day (mb/d), the strongest for the month since 2006. The U.S. also set October records for gasoline demand at 9.5 mb/d; refining and petrochemical demand for liquid feedstocks, naphtha, and gasoil at 5.1 mb/d; and, refinery
Continue reading11/16/18 Flexible cloud solution enables quick connection of service stations at subsidiary of Irish DCC Group The international software and consulting company Implico has integrated 88 service stations into Certas Energy’s existing system landscape in France. The key to the success was a combination of two factors: Firstly, the company’s SAP consulting expertise in the oil and gas business. Secondly,
Continue reading15 November 2018 National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met with His Excellency Dr Khalid bin Abdulaziz Al-Falih, Saudi Arabia Minister of Energy, Industry and Mineral Resources on Thursday, November 15, 2018, in Riyadh, to discuss oil sector stability and co-operation between the two countries. Minister Al Falih expressed his hope for continued Libyan oil sector and political
Continue reading15 November 2018 Rosneft and the Administration of Primorsky Kray have signed a long-term agreement focused on further cooperation in the field of integrated socio-economic development of the Region. The document was signed by Rosneft CEO Igor Sechin and Acting Governor of Primorsky Kray Oleg Kozhemyako. The agreement provides for the implementation of joint activities in pursuance of strategic projects
Continue readingNovember 15, 2018; Oslo, Norway: PGS has, as part of a tender process, offered to sell the Ramform Sterling to the Japan Oil, Gas and Metals National Corporation (“JOGMEC”) an incorporated administrative agency of Ministry of Economy Trade and Industry. PGS has now been informed that the Company is the preferred tenderer, and negotiations will be initiated with the aim
Continue reading15 Nov 2018 Premier today provides a Trading and Operations Update for the period to 15 November 2018. Highlights Year-to-date production of 78.4 kboepd, up from 76.2 kboepd in the first half; forecast full-year production at around 80 kboepd Record Catcher Area production rates of over 70 kboepd (gross) frequently achieved; contractual oil production rate expected to increase from 60
Continue reading$50,000 grants are designed to help cities prepare for climate-change risks Nov 15, 2018 LOS ANGELES, Nov. 15, 2018 /PRNewswire/ — SoCalGas today announced the cities of Redlands andArtesia each have been selected to receive $50,000 grants as part the utility’s new Climate Adaptation and Resiliency Planning Grant program. The initiative is designed to support local efforts to prepare for
Continue readingNovember 15, 2018 Common Best Practices in Getting Started with Artificial Intelligence for Successful Digitalization Fortune 500 companies who are succeeding in their digitalization journey are taking a similar approach. They are assigning a Chief Digital Officer (CDO) to assemble an ecosystem that consists of an internal team, potentially a systems integrator to augment their team, and a stack of
Continue reading15th November 2018 Leading international oilfield services company, Expro, has strengthened the opening of its new purpose-built facilities in Baku, winning a four-year contract extension for BP’s Shah Deniz Stage 2 project. The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project in the South Caspian Sea. In 2014, Expro secured
Continue reading15 November, 2018 The Abu Dhabi National Oil Co (ADNOC) has announced plans to invest US$1.4bn (£1.1bn) to upgrade and expand its onshore Bu Hasa field. ADNOC aims to increase crude oil production capacity to 650,000 barrels per day from 550,000 by the end of 2020. The upgrade includes facilities, new pipeline networks and production hubs, as well as the
Continue readingAbu Dhabi, United Arab Emirates, 15 November 2018: The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050. Published: 15 November 2018
Continue readingAbu Dhabi, UAE –November 15, 2017: The Abu Dhabi National Oil Company (ADNOC) announced, today, its In-Country Value (ICV) spend for the year 2018 will be over AED 18 billion. This represents a significant year-on-year increase and is attributed to the company’s new ICV program, which was launched in January 2018. The amount that ADNOC, and its contractors, spend on
Continue readingAbu Dhabi, UAE – November 15, 2018: The Abu Dhabi National Oil Company (ADNOC) has signed a Framework Agreement with King Fahd University of Petroleum and Minerals (KFUPM), to explore potential opportunities for collaboration in research and development, and development of a student-ADNOC graduates exchange program. The agreement was signed by His Excellency Dr. Sultan Al Jaber, ADNOC CEO and
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