14 June 2018 This week, two senior leaders at Petrofac shared their views on the future of the UK oil and gas sector at a series of industry events in Aberdeen. John Pearson, Chief Corporate Development Officer and Group Managing Director, Western Hemisphere, was among a panel of industry experts who shared their thoughts on Vision 2035. The Vision, developed
Continue reading14 June 2018 The National Oil Corporation (NOC) announces force majeure on crude oil loadings from Ras Lanuf and Es Sider port terminals; commencing on Thursday 14 June 2018. NOC confirm that an armed militia attacked both terminals, led by Ibrahim Jadhran, resulting in their closure. NOC evacuated all NOC employees as a precautionary measure. “The safety and security of
Continue readingRio das Ostras, Brazil 14 Jun 2018 Fugro is providing remotely operated vehicle (ROV) services to support Petróleo Brasileiro S.A. – Petrobras in its exploration and production activities following two new contract wins. With its large fleet of work-class ROV systems, Fugro’s strong track record in services for offshore asset integrity includes successful and efficient projects in the Americas and
Continue readingJune 14, 2018 New data provides applicants with the best chance of success in the Danish 8th offshore licensing round. PGS has finalized the processing of 7 600 sq. km of modern, multi-sensor, broadband, towed-streamer seismic data. As the industry collectively recovers from a three-year drought and the market outlook is more optimistic, the upcoming announcement of the 8th Danish
Continue reading14 Jun 2018 Lloyd’s Register and Lloyd’s Register Foundation launch a consultation into the safe adoption of energy storage in areas related to infrastructure and supply chains. In 2017, our parent, Lloyd’s Register Foundation, published a Foresight Review of energy storage, which explored the role of energy storage and how it can impact the safety of life and property. The
Continue reading14 June 2018 The UK Observation Earth Conference is being organised by the Remote Sensing and Photogrammetry Society (RSPSoc), the National Centre for Earth Observation (NCEO) and the Centre of Earth Observation Instrumentation (CEOI) and will take place between 4th and 7th September 2018 at Birmingham University. Under the title; Earth Observation into the Future, the conference will include exhibitions
Continue readingJune 14, 2018 Exprodat, a Getech Group company, has provided the School of Geology at the Aristotle University of Thessaloniki in Greece with an educational use licence of its popular Exploration Analyst software to support a Masters thesis that will explore the ‘Play-based exploration and common risk segment analysis of the main plays in the Norwegian North Sea’. The Getech
Continue readingJune 14, 2018 CGG GeoSoftware introduces cloud-ready applications and Python plugins The IT industry is experiencing an important transformation as companies invest in new technologies to drive growth and innovation. This trend is strongly reflected in our industry as E&P companies deal with enormous amounts of legacy, and increasing volumes of new data along with the expense and complexity of
Continue readingVancouver, BC – June 13, 2018 – A new report published by Geoscience BC today matches machine learning and interpretive techniques for stream sample geochemistry to locate mineral deposits in northwest British Columbia. The Integrated Assessment of Regional Stream Sediment Geochemistry for Metallic Deposits in Northern Stikine Terrane project used techniques including ‘random forest’ and ‘typicality’/’allocation’ supervised machine learning to
Continue readingJune 13, 2018 GE Successfully Delivered and Commissioned Its Brilliance Inverter Skid Solutions for the Hosoe Mega Solar Project, the Largest in the Kyushu Region in Japan The Contract Includes a 20-Year Long-Term Services Agreement to Guarantee the Availability of the Equipment GE Completed the Commissioning Two Months Ahead of Schedule MIYAZAKI, JAPAN—13 June—GE (NYSE: GE) has successfully delivered and
Continue readingParis, France – June 13, 2018 CGG has completed acquisition of 15,400 km2 of 3D marine seismic data in the outer Zambezi Delta Basin, west of the Beira High. The survey area covers blocks Z5-C and Z5-D and surrounding non-held acreage. Map showing location of CGG’s recently completed 3D survey over the Beira High in the Zambezi Delta. Download the
Continue readingJune 13, 2018 CGG’s digital transformation program brings new services and products to oil and gas industry There is a lot of buzz around “Digitalization”. It’s trending on social media and in countless business journals around the globe. To different people it means a variety of different things from Big Data to the Cloud and the Internet of Things. So
Continue readingDate: 13 June 2018 Global energy demand growth above its 10-year average Natural gas was the largest source of energy growth, boosted by coal-to-gas switching in China, and renewables continue to grow For the first time, the BP Statistical Review of World Energy includes data on the fuel mix in the power sector, which strikingly is unchanged from 20 years
Continue readingWASHINGTON, June 13, 2018 – API welcomed a recent study, commissioned by the Department of Energy, confirming the benefits that increased exports of liquefied natural gas (LNG) would bring to the U.S. economy and consumers across the country. “This report further confirms that increasing exports of American natural gas will benefit the U.S. economy and benefit consumers,” said API Market
Continue reading2H Offshore, riser and conductor specialists in subsea services group Acteon, has announced the launch of the Measurement-based Wellhead Fatigue Joint Industry Project (JIP), which will see 2H Offshore work with operators to improve riser, wellhead and conductor fatigue estimates and make drilling operations more reliable and efficient. The project aims to provide a measurement-based foundation for drilling riser system
Continue reading13 June 2018 Petrofac has been ranked number one in Oil & Gas Middle East magazine’s Top 30 EPC Contractors list for 2018. The ranking also marks the eighth year in a row that we’ve taken one of the top four spots. The report takes into account factors such as the volume and value of contract wins, revenues earned, and
Continue readingJun 13, 2018 10:29:03 AM / by Vepica Corporate Meridian Energy Group, Inc. issued Final Permit to Construct (PTC) for the Davis Refinery by the North Dakota’s Department of Health – Air Quality Division. The first full-conversion refinery in history permitted as a Synthetic Minor Source This marks the first time that a full-conversion refinery of this size and complexity
Continue readingMatt Zborowski, Technology Writer | 13 June 2018 Topics: Onshore Petroleum economics/production forecasting Anadarko operations in the Permian Basin. Source: Anadarko. Permian takeaway capacity oil production ihs markit A glut of Permian crude is resulting in takeaway constraints and discounted Midland spot prices, but those issues will serve as mere bumps in the road for basin-wide production growth into the
Continue readingLabuan, 13 June – PETRONAS through its subsidiary, PETRONAS LNG Ltd. (PLL) has successfully delivered its liquefied natural gas (LNG) cargo through its maiden break bulking ship-to-ship (STS) transfer in Brunei Bay, as part of its latest offering as a global LNG portfolio solutions provider. The cargo from Malaysia LNG Sdn Bhd (MLNG), Bintulu was transferred from the ‘mother’ vessel,
Continue readingJune 13, 2018, 11:00 Gazprom became the first Russian energy company to perform an independent audit review (assurance) of corporate information on greenhouse gas emissions. The audit was carried out by KPMG, an audit and advisory company, in compliance with international standards. The positive results of the independent audit review prove the efficiency of the corporate system for greenhouse gas monitoring, accounting and management. Compressor station No. 3 (Gagaratskaya), Gazprom
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