Post Archive by Month: January,2018

Jim Hagemann Snabe elected new Supervisory Board Chairman

Munich, 2018-Jan-31 Shareholders ratify acts of Managing and Supervisory Boards by large majorities Dividend proposal of €3.70 per share accepted Jim Hagemann Snabe is the new Supervisory Board Chairman of Siemens AG. At today’s constituent meeting of the new Supervisory Board, the 52-year-old software expert was elected to succeed Gerhard Cromme. Gerhard Cromme’s term of office as Chairman and member

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Miracle Software Joins PIDX

HOUSTON, TEXAS —The Petroleum Industry Data Exchange, Inc. (PIDX) announced today that Miracle Software Systems, Inc. has joined the organization as a member. As Miracle Software continues to expand in the Oil & Gas industry, a PIDX membership made logical sense as the PIDX standards are widely used by major industry suppliers and operators. “It was natural for us to

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E&Ps Hedging Production To Support Cash Flow and Returns Goals

Stephen Whitfield, Senior Staff Writer | 31 January 2018 Nodding to increased investor pressure, a new report from IHS Markit indicates that North American exploration and production (E&P) companies were more hedged than usual entering 2018. The report, IHS Markit Comparative Peer Group Analysis of North American E&Ps, showed that a group of 43 companies studied had hedged 25% of

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Chevron, Total Log Big Discovery in Deepwater Gulf of Mexico

Matt Zborowski, Technology Writer | 31 January 2018 Topics: Drilling Offshore The Ballymore well was drilled to a TD of 8898 m by Pacific Drilling’s Sharav deepwater drillship. Source: Chevron. A sidetrack well is under way in the deepwater Gulf of Mexico to assess the Chevron-operated Ballymore prospect following a big oil discovery. The Ballymore discovery well reached total depth

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North sea exploration success for BP

Date: 31 January 2018 BP today announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland. BP is 100% owner of Capercaillie and the Achmelvich well partnership comprises BP (operator, 52.6%), Shell (28%) and Chevron (19.4%). Both wells were drilled by

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Recent Publications By Energy Pipelines CRC Researchers

January 31, 2018 In addition to numerous detailed research reports provided to the APGA RSC member companies, Energy Pipelines CRC researchers have published the outcomes of their research in the form of journal and conference papers, books, theses, etc. Over the past 6 months, 16 scientific journal papers, 2 conference papers, 3 theses and 1 book chapter have been published

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Energy Pipelines CRC research uptake in Australian Standards

January 31, 2018 / Fari Mahdavi A significant and important part of the transfer and utilisation of new knowledge generated by the Energy Pipelines CRC is through the adoption of the research findings into the Australian pipeline standard AS 2885. The close link with the AS 2885 committees is maintained through the industry advisors involved in the Energy Pipelines CRC

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Cyber Security Management System Software Solution for one of the World’s Leading Oil and Gas Operators

Challenge A major oil and gas operator undertook to protect itself from the ever increasing threat of cyber attack. In order to do this, they sought to comply with the industry standard IEC 62443 which is the cyber security standard specific to the Controls and Automation industry. It comprises standards, reports and procedures pertaining to industrial control systems cyber security

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LG and Honeywell Demo Automotive Cybersecurity Solution

January 31, 2018 PLYMOUTH, Mich., Jan. 31, 2018 /PRNewswire/ — Honeywell (NYSE: HON) and LG Electronics Inc. (KSE: KRX) signed a memorandum of understanding to develop and demonstrate a unique automotive software technology and infrastructure solution to address threats associated with the increase in vehicle connectivity technology. The two companies showcased a collaborative cybersecurity solution at the 2018 Consumer Electronics

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Hess Announces 2018 E&P Capital and Exploratory Budget

Planned Expenditures Flat with 2017; Focus on High Return Projects in Guyana and the Bakken NEW YORK–(BUSINESS WIRE)–Jan. 31, 2018– Hess Corporation (NYSE:HES) today announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes

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GEOLOGIC TO HOST FRAC DATA AND ANALYTICS LUNCH & LEARNS

How are you currently incorporating frac analytics into your workflows? In today’s technology driven, cost-focused environment, completions optimization is crucial. Do you have the right data and the right tools to make the best possible decisions? At our upcoming Frac Data Analytics Lunch & Learn Sessions, we’ll explain what makes our data unique, provide relevant case studies and deliver workflow-based

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ADNOC to Explore Expanding Partnerships with Chinese Energy, Technology and Chemical Companies

Abu Dhabi, UAE – January 31, 2018: His Excellency Dr Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, has held a series of meetings with government and corporate leaders in Beijing, focused on strengthening the strategic relationship between the UAE and China and deepening the partnerships between ADNOC and China’s energy, chemical and technology sector. H.E. Dr

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Honeywell Advanced Burner Technology Selected By Sinopec Yanshan To Help Meet New Environmental Regulations

January 31, 2018 SHANGHAI, Jan. 31, 2018 /PRNewswire/ — Honeywell (NYSE: HON) UOP announced today that its Callidus® low-nitrogen oxides (NOx) burner technology has been selected by Sinopec Beijing Yanshan Petrochemical Co., Ltd. (Yanshan) to help meet China’s new NOx emission regulations. More than 400 burners used in Yanshan’s ethylene process units have been revamped and achieved reductions of 40 to

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The journey to offshore wind: meet the team behind the transport and installation of BorWin3

31 January 2018 At Drydocks World, Dubai, the topside for our BorWin3 project is taking shape. The huge BorWin Gamma platform has risen quickly, layer after layer. The jacket structure which will support this is also currently being produced by Hereema Fabrication in the Netherlands. In consortium with Siemens, we have full responsibility for the engineering, procurement and construction, as

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Shell Dominates Mexico’s ‘Very Successful’ Second Deepwater Auction

Matt Zborowski, Technology Writer | 31 January 2018 Topics: Offshore Officials from Mexico’s government and international oil and gas companies gathered on 31 January to see who won what at Mexico’s much-anticipated second deepwater auction. Source: Mexico’s National Hydrocarbons Commission.  Source: Mexico’s National Hydrocarbons Commission.  Mexico’s second deepwater bid round failed to disappoint as 19 of 29 blocks were awarded,

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Keppel Urban Solutions signs MOU with Envision

Keppel Urban Solutions Pte. Ltd., a wholly-owned subsidiary of Keppel Corporation Limited, and Envision, a global leading smart energy management company, have signed a non-binding Memorandum of Understanding (MOU) that will see both companies leverage each other’s expertise and resources to further the global push for new and clean energy, and smart cities. Keppel Urban Solutions intends to leverage Envision’s

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Shell agrees to sell stake in Thailand’s Bongkot field to PTTEP

Jan 31, 2018 Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, affiliates of Royal Dutch Shell Plc, have agreed to an asset sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited (PTTEP) and PTTEP International Limited, a wholly-owned subsidiary of PTTEP, for a transaction

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Aramco showcases flagship technologies at Detroit auto show

DETROIT, Michigan, U.S., January 31, 2018 Engine efficiency and new technology Saudi Aramco’s chief technology officer Ahmad O. Al-Khowaiter, here being interviewed by MSNBC, said participating at the Detroit auto show was an opportunity to share advancements in vehicle technologies to reduce emissions, improve fuel efficiency, and increase engine performance. Saudi Aramco’s gasoline compression ignition (GCI) were one of the

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Katalyst Data Management Presents “Is Your License at Risk? Source of Truth”

Migration and Metadata Quality Webinar Wednesday, January 31st at 9am MST/10am CST Join us for a free 30 minute webinar to help subsurface data managers “mind the gap” as they begin to reconcile their seismic database through a data compliance process. This live webinar that will take a closer look at the migration and metadata quality processes along with the

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