Post Archive by Day: June 20, 2018

Total to start oil production in Uganda

20 June, 2018 French oil major Total has announced that it plans to start producing oil in Uganda in 2021 at the earliest. Total joins China’s CNOOC as the second firm to suggest it will not be able to meet the 2020 target set by the East African nation. The firm said it expects a final investment decision on its

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Capgemini expands its network of digital design studios with acquisition of UK based Adaptive Lab

Paris, June 20, 2018– Capgemini announced today the acquisition ofAdaptive Lab, a digital design studio that helps businesses adjust to new technology and the accompanying shifts in customer behavior. This acquisition will help to further meet growing customer demand for the Group’s end to end digital services, namely in the UK. Established in 2009, Adaptive Lab comprises a team of

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Shell to sell Draugen and Gjøa interests to OKEA AS

Jun 20, 2018 Royal Dutch Shell plc, through its affiliate A/S Norske Shell, has reached an agreement with OKEA AS to sell its entire 44.56% interest in Draugen and 12.00% interest in Gjøa in Norway for $556* million (NOK 4,520 million). The transaction is subject to regulatory approval and is expected to complete in Q4 2018.  The transaction’s expected effective

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LMKR & DeepData Announce Global Partnership to Enhance Collaborion between Geologists & Engineers in Unconventional Completion

Houston, USA, June 20, 2018: LMKR and DeepData have announced an exclusive partnership that aims to boost well production and reduce costs with a cloud-based solution for engineered completions that leverages rich geologic and petrologic information. DeepData & LMKR are enabling LMKR curves to be imported and leveraged by DeepData’s completion design tool that enables engineers to rapidly and easily

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Supporting safety assurance in yacht building.

20 Jun 2018 Oyster Yachts, a leading manufacturer of luxury blue water sailing yachts, has announced a partnership with LR to secure a safety certification process which will be implemented on all new yachts built by the Southampton based company.Under the terms of the agreement, LR will approve the design, materials and build quality of all hulls and decks on

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Trusted Independent Research Firm Reinforces Intelex’s New EHSQ Alliance Strategy

JUNE 20, 2018 Latest report details the value of new strategy praising the customer-informed approach Toronto, Ontario- June 20, 2018 Intelex Technologies Inc., a leading global provider of cloud-based Environmental, Health, Safety and Quality (EHSQ) management software, announced the release of the Verdantix report around the EHSQ Alliance strategy launched in April at the Alliance Conference. The Verdantix report, “Intelex Sets

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EMF Offshore Wind – Statement

June 20, 2018 GE welcomes the confirmation of the three Eolien Maritime Français offshore windfarms paving the way for a buoyant offshore wind industry, which carries considerable potential for economic growth, job creation and high-tech innovation in France. These three offshore windfarms, located in Fécamp, Courseulles and Saint-Nazaire will lead to new job creation in France required to build and

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ABB and Kawasaki create world’s first common interface for collaborative robots

20 June 2018 ABB and Kawasaki Heavy Industries, both global leading players in industrial automation and robotics, are showcasing the world’s first common collaborative robot operating interface at automatica in Munich, Germany from June 19-22, 2018. The common interface will also help address the shortage of skilled workers in many industries. In Japan for example, one person in five is

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SeaBird Exploration: Extraordinary general meeting concluded

20 June 2018, Limassol, Cyprus Reference is made to the stock exchange announcement of SeaBird Exploration PLC (the “Company”) on 4 June 2018, regarding the calling of an Extraordinary General Meeting (the “EGM”) proposing changes to the board of directors. The EGM is now completed. The proposals on the agenda were adopted with requisite majority. The Company’s board of directors

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Gazprom Board of Directors approves power generation strategy for 2018–2027

June 20, 2018, 09:40 The Gazprom Board of Directors approved the Company’s power generation strategy for 2018–2027. It was noted that by this date Gazprom had successfully created the largest vertically integrated power holding company in Russia. The core assets in such areas as power and heat generation, heat transfer and marketing are consolidated in Gazprom Energoholding. The assets have the aggregate installed capacity of 38.8 GW. Gazprom Energoholding is one of Europe’s top ten power

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Trump Responsible for Politicized Oil Market: Iran

2018-06-20 TEHRAN (NIOC) _ Iranian Minister of Petroleum Bijan Zangeneh says US President Donald Trump is responsible for politicization of the oil market in the world because of his actions. Speaking to reporters upon his arrival in Vienna on Tuesday. Mr. Zangeneh told reporters, “Market has been politicized by President Trump,” adding, “I don’t support the high price because I

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No need for boosted OPEC Output: Zangeneh

2018-06-20 TEHRAN (NIOC) Iranian Minister of Petroleum Bijan Zangeneh says there is no necessity for ramping up the crude output of the Organization of Oil Exporting Countries (OPEC). Speaking in Vienna on Tuesday, the official said: “I would not second any production increase because we are not experiencing any imbalance in the market. We were not supposed to discuss this

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Eni signs sale agreement with INA for upstream activities in Croatia

Through this deal, which is in line with its asset disposal and rationalisation programme, Eni exits the upstream sector in Croatia, where it has been present since 1996 in partnership with INA-INDUSTRIJA NAFTE, d.d..  20/06/2018 12:00 San Donato Milanese (Milan), 20 June 2018 – Eni and INA-INDUSTRIJA NAFTE, d.d. have signed an agreement to enable INA-INDUSTRIJA NAFTE, d.d. to acquire 100%

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Eni completes 10% stake sale in Shorouk concession, offshore Egypt, to Mubadala Petroleum

20/06/2018 11:30  San Donato Milanese (Milan), 20 June 2018 – Eni has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shorouk concession is offshore Egypt, where the supergiant Zohr gas field is located. Eni, through its subsidiary IEOC, now holds a 50% stake of the Contractor’s Share, while

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Equinor partners with Microsoft for cloud services delivered from new cloud data centers in Norway

June 20, 2018 09:01 CEST Equinor and Microsoft have entered into a strategic partnership agreement. As part of the agreement, Equinor will provide industry knowledge and business needs to support Microsoft in developing new solutions for our industry. Microsoft will provide expertise to accelerate Equinor’s IT development and establish new data center regions in Stavanger and in Oslo. The partnership

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Equinor’s share saving plan allocates shares

June 20, 2018 07:35 CEST The shares purchased by DNB on behalf of Equinor ASA (OSE: EQNR, NYSE: EQNR) on 15 June 2018 for use in the group’s Share Saving Plan have on 20 June 2018 been distributed to the employees in accordance with their savings amount. Following this, the share saving plan has 9,097,482 shares. This information is subject

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Shell completes Malaysia LNG Tiga equity sale

Jun 20, 2018 Shell Gas Holdings (Malaysia) Limited, a subsidiary of Royal Dutch Shell plc, announced today that it has completed the sale of its 15% shareholding in Malaysia LNG Tiga Sdn Bhd (MLNG Tiga) to the Sarawak State Financial Secretary (SFS) for an agreed consideration of $750 million. The transaction has an economic date of 1 September 2017 and

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GE Power and EDF Energy Progress on Hinkley Point C Nuclear Project to Supply 6 Million UK Households with Clean Power

June 20, 2018 GE Power to start the manufacturing ARABELLE™ steam turbine rotor for Hinkley Point C ARABELLE™ steam turbines power more than half of the world’s nuclear power plants today Project will deliver around 7% of the UK’s power generation capacity for the next 60 years Paris – June 20, 2018 – GE Power’s Steam Power and EDF Energy,

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GE hits 100th power plant milestone in Sub-Saharan Africa

June 20, 2018   100 power plants across renewables, gas and steam plants generating over 46GW of power Over 300 installed turbines providing equivalent power for up to 250 million people 100th Power plant milestone reached in Angola with recent fast, mobile TM2500 gas power installations  POINTE-NOIRE, MAURITIUS — June 20, 2018— At the forefront of innovation and technology in

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Turkish cement manufacturer is one of the first companies in the world to install ABB Ability™ MNS Digital

20 June 2018 One of ABB’s latest advances in smart electronics, edge computing and cloud technology, the low-voltage switchgear solution MNS® Digital, is allowing access to real-time data and condition monitoring to optimize operations at Batisoke Cimento’s plant. Batisoke Cimento is one of the first companies in the world to install ABB Ability™ MNS Digital, a scalable, modular low-voltage (LV)

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