Post Archive by Day: June 29, 2018

Aramco, NOV To Form Saudi Onshore Drilling Joint Venture

29 June 2018 Topics: Drilling Onshore An NOV rig stationed in the Middle East. Source: NOV. NOV Saudi Arabia Saudi Aramco Saudi Aramco and National Oilwell Varco (NOV) have agreed to form a joint venture (JV) providing high-specification land rigs and drilling equipment in Saudi Arabia. The JV will establish a rig and equipment manufacturing facility in Ras Al-Khair, near Jubail

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Cabot Oil & Gas Corporation Announces Second Quarter 2018 Earnings Release Date and Conference Call

HOUSTON, June 29, 2018 /PRNewswire/ — Cabot Oil & Gas Corporation (NYSE: COG) will host its second quarter 2018 earnings conference call on Friday, July 27, 2018 at 9:30 a.m. Eastern Time. The Company plans to issue its financial and operating results prior to the market opening on the same day. To access the live audio webcast, please visit the Investor

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Polarcus divests Capreolus multi-client asset

by polarcus on 29-Jun-18 07:38 Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces that a subsidiary of the Company has signed an agreement for the sale of its 22,130 sq.km. Capreolus 3D survey offshore Australia in return for a cash consideration of USD 6.5 million. The transaction will result in a non-cash gain of approximately USD 4.9 million. The

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No reduction in crude oil production despite U.S. sanctions

2018-06-29T16:08:40+04:30 TEHRAN (NIOC) _ “Despite U.S. engineered sanctions against Iranian energy industry, no reduction in oil production has been put in the agenda”, CEO of National Iranian Oil Company stated. Ali kardor discarded all the false rumors regarding a call for any reduction in the country’s oil production and stressed that under no circumstance, Iran would not have such reduction.

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Sanalla opens first Libyan-European oil and gas summit

29 June 2018 NOC to attract investment and increase production. Libya’s National Oil Corporation (NOC) Chairman, Eng. Mustafa Sanalla, said NOC was developing plans to attract large scale investment from the largest oil and gas companies. Mr Sanalla’s announcement came during the opening of the inaugural Libyan-European Oil and Gas Summit in Vienna on June 28, 2018. Mr Sanalla explained,

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JSC NC “KazMunayGas” announces the change in composition of the Board of Directors

29.06.2018 JSC NC “KazMunayGas” announces that Philip John Dayer was elected as a member of the Board of Directors of JSC NC “KazMunayGas” (hereinafter – KMG) – Independent Director from June 1, 2018 for a term until expiration of the KMG Board of Directors term of office as a whole by the resolution of the Management Board of “Sovereign Wealth

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Range Announces Conference Call to Discuss Second Quarter 2018 Financial Results

FORT WORTH, Texas, June 29, 2018 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:RRC) announced today that its second quarter 2018 financial results news release will be issued Monday, July 30 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Tuesday, July 31 at 9:00 a.m. ET (8:00

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Petrofac gives Aberdeen pupils insight into the oil and gas industry

29 June 2018 Petrofac  marked its 20-year education/industry partnership with Kincorth Academy this week by welcoming pupils for a week of activities. Twelve pupils from the Aberdeen school got a first-hand insight into the oil and gas industry and the career opportunities available. The activities, which spanned disciplines including operations, supply chain, emergency response and offshore training, were facilitated by

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Total enters into exclusive negotiation alongside EDF for the sale of its stake in the Dunkerque LNG terminal

Paris, 29 June 2018 – Total has decided to enter into an agreement to sell its 9.99% stake in the Dunkerque LNG terminal, as a part of a broader sale process initiated by EDF (65.01%) earlier this year. At the completion of the transactions two buyers, a consortium composed by Fluxys Europe B.V. (currently 25%), AXA Investment Managers and Crédit Agricole Assurances

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Russian Manufacturing Facility, New Winterized Train Rig Address Specific Conditions

June 29, 2018 We’ve invested significantly in Russia and the surrounding region over the past several years, first building a strategically located manufacturing facility in Kostroma and more recently designing a highly specialized rig  specifically to meet Russian and CIS environmental conditions and operational requirements. Our 137,795 ft² (42 000 m²) facility was built to address the needs of the

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Force majeure on Zuetina and Hariga soon necessary due to lack of storage capacity

29 June 2018 National Oil Corporation anticipates force majeure will have to be declared on the ports of Zuetina and Hariga on Sunday (1 July).  This step will have to be taken due to insufficient storage capacity, and because the Libyan National Army (LNA) General Command has prevented legitimate allocations being loaded by blocking vessel entry to ports.  Due to

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