Post Archive by Day: October 1, 2018

API Applauds Trilateral Trade Agreement Between Canada, Mexico, And The United States

WASHINGTON, October 1, 2018 – The American Petroleum Institute released the following statement after the Trump Administration announced that Canada has joined an agreement with the United States and Mexico to form the United States, Mexico, and Canada Agreement (USMCA): We urge Congress to approve the USMCA,” said API President and CEO Mike Sommers. “Having Canada as a trading partner

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LEAP and PIDX Co-developing Standards to Drive Digitization of the Energy Trading Transaction Lifecycle

October 1st, 2018 Houston, Texas –  The Petroleum Industry Data Exchange, Inc. (PIDX) and Leadership for Energy Automated Processing (LEAP) jointly announced today that their organizations are working together to further digitize and automate the European barge oil trading market centered around Amsterdam/Rotterdam/Antwerp (ARA). The organizations are building upon a functional standard agreed via a LEAP committee formed in February 2018 and

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Saudi Aramco to unlock the potential of Non-Metallic Materials Growth opportunities

BAHRAIN, October 01, 2018 Saudi Aramco will pursue the Non-Metallic Growth opportunities by unlocking its broad range of potential, aligned with its growth strategy covering the oil and gas sector as well as automotive, building & construction, packaging, and renewable sectors. According to Saudi Aramco’s Vice President of Engineering Services, Abdullah Al-Baiz, in line with Saudi Vision 2030 to advance

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Vedanta Cairn set for rapid expansion with OALP win

October 1, 2018 41 new blocks across seven states place Cairn among the largest exploration startups in the world New Delhi: Shri Dharmendra Pradhan, Hon’ble Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, today officiated the contract signing for the 41 new exploration blocks awarded to Cairn Oil & Gas, Vedanta Limited. As part of the Open

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Encana announces agreement to sell its San Juan assets

Oct. 01, 2018 CALGARY, Alberta,  (GLOBE NEWSWIRE) — Encana Corporation (Encana) (TSX, NYSE: ECA), announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its San Juanassets, located in New Mexico for US$480 million to Denver-based DJR Energy, LLC. This transaction is consistent with our strategy and our objective of delivering quality

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BP and Startup Beyond Limits Try To Prove That Cognitive AI Is Ready for Oil and Gas

01 October 2018 Topics: Data and information management Reservoir characterization Reservoir description and dynamicsReservoir management The road to artificially intelligent systems that could change how the oil and gas industry discovers resources and extracts them from the ground is being paved by small startups that have teamed up with big operators. Source: Beyond Limits. BP artificial intelligence cognitive computing beyond

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Al-Kaabi discusses energy cooperation with the Ministry of Trade, Industry and Energy, and major Korean companies

01-October-2018 ​ Qatar Petroleum President & CEO Saad Sherida Al-Kaabi ended a one-day visit to the Republic of Korea and discussions on enhancing relations and cooperation with senior executives of major Korean companies. Cooperation in the field of energy, particularly in the LNG industry, was at the center of the talks with the presidents and senior executives of KOGAS, Hyundai

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McDermott Awarded Olefins Technology Contract in Thailand

10/01/2018 – Technology award for Map Ta Phut Olefins’ petrochemical plant in Thailand – Award includes technology licensing and engineering plus heater design and supply – Gas cracker project includes low pressure chilling train and enhanced binary refrigeration HOUSTON, Oct. 1, 2018 /PRNewswire/ — McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract

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Chevron’s 2018 Fuel Your School Program Helps Support Teachers, Making up to $6 Million Available for Classroom Materials and Resources

SAN RAMON, Calif., Oct. 1, 2018 – Chevron U.S.A. Inc. (NYSE: CVX) today announced the launch of its 2018 Fuel Your School program, making up to $6 million available to help support public school teachers and students in 17 U.S. communities, with the help of local Chevron and Texaco marketers and retailers in 7 of those communities. Now in its

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BP and Startup Beyond Limits Try To Prove That Cognitive AI Is Ready for Oil and Gas

01 October 2018 Topics: Data and information management Reservoir characterization Reservoir description and dynamicsReservoir management The road to artificially intelligent systems that could change how the oil and gas industry discovers resources and extracts them from the ground is being paved by small startups that have teamed up with big operators. Source: Beyond Limits. BP artificial intelligence cognitive computing beyond

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PEDEC Seal Deal with Domestic Firm to Construct Oil Storage Tanks

2018-10-01T09:43:51+03:30 TEHRAN (NIOC) _ Irans Petroleum Engineering and Development Company (PEDEC) struck a BOT contract with a domestic firm for construction of 10-million-barrel crude oil storage tanks. The Build–operate–transfer (BOT) contract was signed on Sunday by PEDEC CEO Touraj Dehghani and Asghar Gorzin, CEO of Petro-Omid Asia, and Ahmad Ebrahimi, the managing director of Omid Investment Management Group, as part

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NNPC Records N18.12bn Monthly Trading Surplus in May

1st October, 2018 The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12bn for the month of May, 2018, a performance which is relatively higher than the trading surplus of N17.16bn recorded in the preceding month. Details of the transactions contained in the recently released May 2018 edition of the Monthly NNPC Financial and Operations Reports also

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Eco-Stim Energy Solutions Appoints New Interim Chief Executive Officer

HOUSTON, TEXAS, Oct. 01, 2018 (GLOBE NEWSWIRE) — Eco-Stim Energy Solutions, Inc. (NASDAQ: ESES) (“EcoStim” or the “Company”) announced today that J. Chris Boswell has resigned from his positions as President and CEO of the Company and from the Company’s Board of Directors in order to pursue other opportunities. The Company’s Chief Financial Officer, Alexander Nickolatos, has been promoted to

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