Latest News

TechnipFMC Awarded Significant Subsea Contracts for the Reliance MJ1 Field in India

July 1, 2019 LONDON, PARIS & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded significant(1) subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin. These contracts cover the fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals. Arnaud Pieton, President Subsea at TechnipFMC, commented: “We

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Drilling Advances

By Jim Redden; World Oil Magazine; June 2019 (Vol 240 No. 6) With apologies to writer and philosopher George Santayana, well programmers who have no insight into the drilling problems of the past are condemned to repeat them. When designing an offshore exploration well, it would be nice to know, for instance, how drilling teams managed to remediate chronic lost circulation

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NOVATEK, Mitsui and JOGMEC Sign Sale Agreement for Arctic LNG 2 Stake

Osaka, 29 June 2019.  Today, in the presence of the President of Russian Federation Vladimir Putin, and the Prime Minister of Japan Shinzo Abe, PAO NOVATEK (“NOVATEK” and/or the “Company”) and the consortium of Mitsui & Co (“Mitsui”) and Japan Oil, Gas and Metals National Corporation (“JOGMEC”) signed the Sales and Purchase Agreement (“Agreement”) to purchase a 10% participation interest in

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Digital Transformation of Oil and Gas: Industry Experts from over 30 Countries meet in Amsterdam

5/29/19 3:49 PM Implico shows how to benefit from digital change at “IIoT and Digital Solutions for Oil & Gas 2019” On June 6 and 7, Implico will drive digital transformation in the downstream industry at “IIoT and Digital Solutions for Oil & Gas 2019” in Amsterdam. The international consulting and software company will showcase its pioneering ideas, concepts, solutions

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Venture Global LNG Raises $675 Million of Additional Capital

JUNE 27, 2019VENTURE GLOBAL LNG RAISES $675 MILLION OF ADDITIONAL CAPITAL Arlington, Virginia – Venture Global LNG, Inc. announces that it has raised $675 million of additional capital from world-class institutional investors.  The capital will be used primarily for the further development of the company’s 20 million tonnes per annum (MTPA) Plaquemines LNG export project in Plaquemines Parish, Louisiana.  In addition

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ADNOC Closes Landmark Pipeline Infrastructure Investment With KKR and BlackRock

Abu Dhabi, UAE – June 27, 2019: The Abu Dhabi National Oil Company (ADNOC) announced today that it has closed its pioneering pipeline infrastructure investment agreement with BlackRock and KKR. The transaction was originally announced in February of this year when KKR and BlackRock signed an initial investment agreement to invest $4 billion into the midstream pipeline assets. Following this

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ExxonMobil and Global Thermostat to Advance Breakthrough Atmospheric Carbon Capture Technology

Jun 27, 2019 – 09:00 a.m. EDT ExxonMobil and Global Thermostat said today that they have signed a joint development agreement to advance breakthrough technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere. The companies will evaluate the potential scalability of Global Thermostat’s carbon capture technology for large industrial use. If technical readiness and

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Devon Energy Completes Sale of Canadian Business

OKLAHOMA CITY, June 27, 2019 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today announced that it has completed the sale of its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. Devon received net proceeds of USD $2.5 billion, after adjusting for purchase price adjustments and estimated taxes associated with the sale. The

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Altair Announces 2019 Global Technology Conference to be Held in Detroit

World leaders in business and technology to discuss disruptive technology trends shaping the future of decision making TROY, Mich. – June 27, 2019 – Altair, (Nasdaq:ALTR) a global technology company providing solutions in product development, high-performance computing and data intelligence, will hold its 2019 Global Altair Technology Conference (ATC) at MGM Grand Detroit, in Detroit, October 10-11. Keynoted by leading industry thought leaders

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API On Tonight’s Presidential Primary Debate

WASHINGTON, June 27, 2019 – Following the conclusion of the first two presidential primary debates of the 2020 election cycle, API’s Director of Communications, Ben Marter, issued the following statement: “Independent experts agree that natural gas and oil will supply more than half of America’s energy needs for decades to come. Our industry will continue to work with Democrats and

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BP invests $30m in breakthrough technology to produce animal feeds from natural gas

Release date: 27 June 2019 Latest venturing investment will see natural gas transformed into protein for fish and animal feeds Technology has potential to help meet growing global demand for protein feed more sustainably BP Ventures has made an investment of $30 million in Calysta, Inc., an alternative protein producer, that will use BP’s natural gas to produce protein for

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Awarding sand screen services contracts worth one billion NOK

 June 26, 2019 11:29 CEST The Troll field in the North Sea has a widespread use of sand screens. (Photo: Harald Pettersen / Equinor ASA) Equinor has signed three-year contracts with Tendeka AS and Baker Hughes Norge AS for providing sand screen services at a total value of around NOK one billion, including options for five two-year extensions. The contract awards

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McDermott wins significant Saudi Aramco contract

25 June, 2019 US engineering, procurement and construction (EPC) contractor McDermott has won a large contract with Saudi Aramco for two oil and gas fields off Saudi Arabia. The deal, worth between US$49m and US$250m, is for engineering, construction and installation services in the Marjan and Zuluf fields. McDermott will fabricate new control rooms, boat landings and new jacket members

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Teradata Appoints Scott Brown as Chief Revenue Officer

Dynamic and seasoned executive to lead global sales Teradata (NYSE: TDC), the Pervasive Data Intelligence company, today announced that it has appointed Scott Brown as Chief Revenue Officer, effective June 17, 2019. In this role, Brown will direct Teradata’s global go-to-market strategy and execution, and guide worldwide sales, consulting and other go-to-market operations organizations to meet and exceed growth objectives. Brown

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Additional Tariffs Under Section 301 Would Hurt U.S. Energy Consumers

WASHINGTON, June 25, 2019 – Today, API highlighted the damaging impact that an additional round of tariffs on $300 billion worth of imports from China would have on U.S. energy consumers in testimonybefore the interagency Section 301 Committee: “Imposing tariffs on the remainder of U.S. imports from China will put undue strain on the supply chains of the natural gas and

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ADNOC Group CEO Participates in Bloomberg Emerging and Frontier Forum

London, UK – June 25, 2019: His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), participated, today, in the inaugural Bloomberg Emerging and Frontier Forum, which brought together global financial policymakers in a dialogue on the key economic issues related to growth in emerging and frontier markets.

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Shareholders Approve the Transaction of TGS to Acquire Spectrum

Asker, Norway (21 June 2019) – Following the announcement on 20 May 2019 concerning the merger plan between TGS-NOPEC Geophysical Company ASA and Spectrum ASA, an extraordinary general meeting of TGS was held today at the offices of the law firm Schjødt, at Ruseløkkveien 16, in Oslo at 17:00 CET. All resolutions proposed were approved by the shareholders of TGS. The

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Williams Completes Formation of US$3.8 Billion Strategic Joint Venture Partnership with Canada Pension Plan Investment Board in the Marcellus/Utica Basins

Strategic partnership between Williams and CPPIB supports ongoing growth and Northeast region optimization Williams receives approximately $1.33 billion in exchange for a 35% interest in a combined Utica East Ohio Midstream-Ohio Valley Midstream joint venture Monday, June 17, 2019 8:15 am EDT Dateline: TULSA, Okla. TULSA, Okla.–(BUSINESS WIRE)–Williams (NYSE: WMB) today announced the completion of the formation of a US$3.8

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ADNOC and ExxonMobil CEOs Discuss New Opportunities During Visit to Review Progress of US$ 30 Billion Upper Zakum Expansion

Abu Dhabi, UAE – May 7, 2019: His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Darren W. Woods, Chairman and CEO of Exxon Mobil Corporation (ExxonMobil), met to explore new opportunities for collaboration in the upstream and downstream sectors, and discuss wider regional and business-related

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