Post Archive by Day: October 11, 2018

Petrobras and Murphy form joint venture with Gulf of Mexico assets

11.OCT.2018 Petrobras informs that today its subsidiary, Petrobras America Inc. (“PAI”), has entered into a definitive agreement with Murphy Exploration & Production Company – USA (“Murphy”), a wholly owned subsidiary of Murphy Oil Corporation, to form a joint venture company (“JV”) comprised of producing oil and gas assets in the Gulf of Mexico. The establishment of the JV will be

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Baru Says Oil Workers Avert Nationwide Strike

11th October, 2018 The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has commended the leaderships of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) for their roles in the prompt resolution of the recently averted planed industrial action. The NNPC GMD made this disclosure at

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Prith Banerjee Joins ANSYS as Chief Technology Officer

Industry veteran brings decades of technology experience to engineering simulation leader PITTSBURGH, October 11, 2018 – ANSYS (NASDAQ: ANSS) announced today that industry veteran Prith Banerjee is joining the executive team as its chief technology officer (CTO). Banerjee will lead the evolution of ANSYS’ technology and will champion the company’s next phase of innovation and growth. “Organizations around the world

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SOCOTEC Awarded Nationwide Fuel Testing Contract with Biffa

11 October 2018 SOCOTEC, the UK’s leading provider of testing, inspection and compliance services, has been awarded a two-year fuel quality testing contract by Biffa. Biffa, one of the UK’s leading integrated waste management companies, exports around 500,000 tonnes of refuse derived fuel (RDF) per year – making it one of the UK’s largest producers of RDF. As well as

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KBR Awarded Concept Definition Phase Engineering for Two Large Scale Gas FPSO’s for the Proposed Browse to North West Shelf Development

October 11, 2018 ​HOUSTON – October, Date, 2018 – KBR, Inc. (NYSE: KBR) announced today that Woodside Energy Ltd, as Operator for and on behalf of the Browse JV, has awarded KBR the Concept Definition engineering contract for the two gas FPSO facilities for the proposed Browse to North West Shelf Development, located offshore Western Australia. Woodside has launched the

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Power-from-shore solution for Equinor’s Johan Sverdrup field

11 October, 2018 The Norwegian Minister of Petroleum and Energy Kjell-Børge Freiberg has officially opened the power-from-shore solution which will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years. After a busy North Sea installation campaign, Johan Sverdrup reached another milestone when power from shore was officially switched on about a year before

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ZhenHua Oil participates in the INE crude oil futures launching ceremony

Publish Time:2018-10-11 After 17 years of careful preparations, the long-awaited Chinese crude oil futures was launched at the Shanghai International Energy Exchange Co., Ltd., (INE) on March 26, 2018. ZhenHua Oil attended the launching ceremony upon invitation. As a representative of the petroleum industry and a player of the crude oil futures market, ZhenHua Oil has kept an eye on

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2. ZhenHua Oil receives guests from COSCO SHIPPING Energy

Publish Time:2018-10-11 On the afternoon of May 16, Wang Yuetao, general manager of ZhenHua Oil received Luo Yuming, deputy general manager of COSCO SHIPPING Energy Transportation Co., Ltd. (COSCO SHIPPING Energy) at the company’s premises. Wang welcomed Luo Yuming and other guests, introduced operation of ZhenHua Oil, and market share and future development plans of the petroleum and refining business.

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ZhenHua Oil’s Xue Heng receives funding from China Postdoctoral Science Foundation

Publish Time:2018-10-11 Recently, China Postdoctoral Science Foundation unveiled the list of the 63rd batch of winners. Xue Heng at ZhenHua Oil’s Postdoctoral Workstation received the second-grade subsidy of RMB 50,000 in the petroleum and natural gas engineering category. China Postdoctoral Science Foundation was initiated by renowned scientist Tsung-Dao Lee and approved by Comrade Deng Xiaoping. It was established in 1985

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North Petroleum International wins the “Best Corporate Trade Finance Deal in Hong Kong”

Publish Time:2018-10-11 On May 23, Asian Banker, an international authoritative financial media house, held the 2018 “Leadership Achievement Awards” ceremony in Beijing. The North Petroleum International Co. Ltd. won the “Bankers’ Choice Awards 2018 Best Corporate Trade Finance Deal in Hong Kong”. Wang Yuetao, general manager of ZhenHua Oil, and Yin Lifeng, deputy general manager of ZhenHua Oil and general

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ZhenHua Oil attends and delivers a speech at SPE Europe and the 80th EAGE Annual Conference

Publish Time:2018-10-11 The Society of Petroleum Engineers (SPE) Europe and the 80th European Association of Geoscientists & Engineers (EAGE) International Academic Exchange Conference was held in Copenhagen, Denmark from June 11 to 14. Dr. Cao Lina at the ZhenHua Oil postdoctoral Workstation attended the conference upon invitation and delivered a speech themed, “A Composite Transient Model for Multi-fractured Horizontal Well

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ZhenHua Oil convenes the Mid-2018 HSE Management Committee Conference

Publish Time:2018-10-11 On July 4, ZhenHua Oil Mid-2018 HSE Management Committee Conference was held in Beijing. The meeting conveyed the speech of Xu Fushun, vice chairman of the State-owned Assets Supervision and Administration Commission (SASAC), at the safe production working video conference of the central enterprises themed, “Earnestly Excel in Safe Production, and Quickly Reverse the Momentum of Production Safety Accidents”,

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Dalian North Oil Product Storage & Transportation inks the first crude oil purchase and sales contract

Publish Time:2018-10-11 On July 12, Dalian North Oil Product Storage & Transportation Co. Ltd. (Dalian North Oil Product) a subsidy of ZhenHua Oil, officially inked a crude oil purchase and sales contract with Daqing Lianyi Petrochemical Co. Ltd. and Dandong Petrochemical Co. Ltd. respectively, and completed payment of the first trade, giving indications that Dalian North Oil Product has officially extended

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The North Dabaa block of NPIC put into production

Publish Time:2018-10-11 On August 31, the NorthDabaa-1 well of NPIC, located in EG section of the western desert in Egypt, was put into production. The test gas output is 5.9MMcfd and the gas condensate output is 750bpd. NorthDabaa is a natural gas field development zone within the EG section. Due to the “double constraints” of minority shareholders’ defaults and outward transport

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ZhenHual Oil successfully delivers the first batch of Chinese crude oil futures

Publish Time:2018-10-11 Hits:6  ZhenHua Oil celebrated its 15th birthday at the end of August in Beijing. Meanwhile, the firm, in Zhanjiang Port, the southernmost part of China, is intensively completing a significant assignment. With the company’s chartered ship, Shinyo Kieran, smoothly mooring and unloading at Zhanjiang Port, and generating a standard warehouse receipt in a short time, ZhenHua Oil has

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NOC chairman and UAE Minister of State discuss cooperation on Libya

11th October 2018 – National Oil Corporation (NOC) chairman Eng. Mustafa Sanalla met with His Excellency Dr Sultan Ahmed Al Jaber, United Arab Emirates Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) in London yesterday. The two parties discussed mutual cooperation and the international community’s approach to Libya, including the protection of legitimate institutions,

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JSC Ukrgasvydobuvannya launches the PEC pilot project on the production enhancement at the mature and depleted gas fields.

Oct 11, 2018 One of the current JSC UkrGasVydobuvannya’s (UGV) strategic objectives is intensification of gas production in its mature and depleted gas fields through efficient operations and modern technologies. For this purpose UGV is seeking for cooperation with experienced Oil&Gas companies with relevant experience of production enhancement. UGV is offering cooperation within PEC (Production Enhancement Contract) framework for managing

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Energy Efficiency and Energy Saving Policy approved

October 11, 2018, 17:05 The Gazprom Management Committee approved the corporate Energy Efficiency and Energy Saving Policy. The newly-adopted document builds on Gazprom’s existing Energy Saving and Energy Efficiency Concept for 2011–2020 and reflects the Company’s obligations in this area. Energy efficiency and saving is designated as a top priority for Gazprom. The Company will continue to make sustained efforts to improve energy efficiency, save natural energy resources and reduce

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Petrobras, Murphy Oil Form 75,000-BOE/D US Gulf Partnership

11 October 2018 Topics: Asset/portfolio management Offshore Production and well operations Getty Images US Gulf of Mexico Murphy Oil Lucius field St. Malo field Cascade and Chinook fields Petrobras Brazil’s state-owned Petrobras and El Dorado, Arkansas-based Murphy Oil have agreed to combine most of their US Gulf of Mexico assets to form a joint venture (JV) that will average 75,000

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Noble Corporation plc Provides Fleet Contract Status Update

LONDON, Oct. 11, 2018 /PRNewswire/ — Noble Corporation plc (NYSE: NE) today announced that its report of drilling rig status and contract information has been updated as of October 11, 2018.  The report, titled “Fleet Status Report,” can be found on the Company’s Website www.noblecorp.com, under the “Investor Relations” section of the Website. About Noble Corporation plc Noble is a

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