Post Archive by Day: October 15, 2018

Aker BP acquires King Lear discovery

15. October 2018 Aker BP has entered into an agreement with Equinor Energy to acquire its 77.8 percent interest in the King Lear gas/condensate discovery in the Norwegian North Sea for a cash consideration of USD 250 million. Karl Johnny Hersvik, CEO of Aker BP comments: “The King Lear discovery is one of the largest undeveloped discoveries on the Norwegian

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Oil Prices Float in a “Fragile Equilibrium”

15 October 2018 Robert S. Kaplan, President, Federal Reserve Bank of Dallas Oil prices appear to have stabilized during the past year, and speakers at the annual Energy and the Economy Conference at the Dallas Federal Reserve Bank say they expect prices to remain level, at least for a little while. “It is our own view at the Dallas Fed,”

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Russia: Total Opens its New State-of-the-art Lubricants Oil Blending and Production Plant

Moscow, October 15, 2018 – Total has inaugurated its new state-of-the-art lubricants oil blending plant, strategically located in the Kaluga region of the Russian Federation. The grand opening ceremony took place today, October 15th, in the presence of Anatoly Artamonov, Governor of the Kaluga Region, and Patrick Pouyanné, Chairman and CEO of Total. This blending and production plant will allow

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Production start at Oseberg Vestflanken 2

October 15, 2018 On 14 October the Oseberg Vestflanken 2 field in the North Sea came on stream. Remote-operated from the Oseberg field centre, the new Oseberg H platform is the first unmanned platform on the Norwegian Continental Shelf. Recoverable resources are 110 million barrels, and the project was delivered far below budget. “With Oseberg H we take a huge

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Saudi Aramco Participates in Annual India Energy Forum by CERAWeek

NEW DELHI, India, October 15, 2018   At the invitation of the Honorable Minister Dharmendra Pradhan and the Indian Ministry of Petroleum and Natural Gas, Saudi Aramco played a central role in the second India Energy Forum. Hosted by CERAWeek IHS Markit and held October 14-16, the annual event fosters national and international dialogue on opportunities, challenges and strategies to

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Saudi Aramco participates in second supply chain and logistics conference

RIYADH, October 15, 2018   Global energy leader supports efforts to position the Kingdom as an import-export hub linking three continents. Saudi Aramco participated in the 2nd Supply Chain and Logistics Conference organized by the Ministry of Transport in Riyadh. Saudi Aramco’s Senior Vice President of Operations & Business Services Muhammad M. Saggaf delivered a keynote speech at the two-day

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Getech attending SEG International Exposition

October 15, 2018 Getech, providers of natural resources exploration data and expertise, will be at the SEG Annual Convention and Exhibition 2018 to meet and greet our new and existing associates.  Geoscientists from more than 70 countries across the globe will connect in Anaheim between 14th-19th October to discuss the common threads of geophysics shared among numerous disciplines. Our team is on hand to talk to you about

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Saipem lands trio of contracts worth US$400m

15 October, 2018 Italian oil and gas services giant Saipem has announced that it has won new contracts in the UK’s North Sea, Azerbaijan and the Republic of Congo. In the Southern North Sea it will undertake the pipeline engineering, procurement, construction and installation (EPCI) works at Premier Oil’s recently sanctioned Tolmount project. Saipem will also work on the development

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Baker Hughes, a GE company Announces Date Change for Third Quarter 2018 Earnings Release and Webcast

HOUSTON and LONDON — October 15, 2018 — Baker Hughes, a GE company (NYSE: BHGE) announced today that it has changed the date of its previously announced third quarter 2018 earnings release and webcast. BHGE will now hold a webcast on Tuesday, October 30, 2018 to discuss the results for the third quarter ending September 30, 2018. The webcast is scheduled to begin

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Modern Facies Analysis Brings Greater Accuracy to Reservoir Models

October 15, 2018 New facies-first technique provides greater geo-model accuracy to optimize reservoir appraisal and assessment Deriving facies models from the outcomes of seismic inversions, and their derivatives, has become standard practice in reservoir characterization workflows. Although facies classification methods are rooted in Bayesian inference theory, they continue to evolve. CGG GeoSoftware has included some valuable new capabilities to improve

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Jones Energy, Inc. Declares Contingent Convertible Preferred Stock Dividend

OCTOBER 15, 2018 AUSTIN, Texas, Oct. 15, 2018 (GLOBE NEWSWIRE) — Jones Energy, Inc. (NYSE: JONE) (“Jones Energy” or “the Company”) today announced that its Board of Directors has declared a contingent quarterly dividend per share equal to 8.0% on an annualized basis based on the liquidation preference of $50.00 per share, or $1.00 per share, on the Company’s 8.0%

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Callon Petroleum Company Schedules Third Quarter 2018 Conference Call for November 7, 2018

OCT 15, 2018 NATCHEZ, Miss., Oct. 15, 2018 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) plans to host a conference call to discuss its third quarter 2018 financial and operating results. Webcast and Conference Call: Date: Wednesday, November 7, 2018 Time: 8:00 a.m. Central Time (9:00 a.m. Eastern Time) Webcast:   www.callon.com   Select “IR Calendar” under the “Investors” section

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NNPC Appeals to Communities to Prevail on Oil Pipeline Vandals

Says Oil Pipeline Vandalism Prevents Pumping of Products to Enugu Depot As calm returned to Osisioma Ngwa communities of Abia State following a fire incident last Friday, the Nigerian National Petroleum Corporation (NNPC) has appealed to the host communities to help stem the spate of vandalism of oil pipeline. A release Monday in Abuja by NNPC Group General Manager, Group

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NNPC Launches Virtual Gas Pipeline System

AS Nigeria’s Proven Gas Reserves Hit 202 Trillion Cubic Feet A major stride in the drive for optimization of the nation’s vast gas resources has been recorded with the execution of a novel contract between the Nigerian National Petroleum Corporation (NNPC) and a private firm for the activation of virtual gas pipeline network for power generation. The project which would

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Range Announces Appalachian Overriding Royalty Sale for $300 Million

FORT WORTH, Texas, Oct. 15, 2018 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that it has signed and closed on an agreement to sell a proportionately reduced 1% overriding royalty in its Washington County, Pennsylvania leases for gross proceeds of $300 million. Range’s Washington County properties encompass approximately 300,000 net surface acres that produced 1.7 Bcfe net

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SNC-Lavalin to hold third quarter 2018 earnings conference call and webcast on November 1, 2018

October 15, 2018 SNC-Lavalin Group Inc. (TSX: SNC) will hold a conference call to review results for its third quarter 2018. The public is invited to listen to the conference call on Thursday, November 1, 2018, at 1:30 p.m. EDT. Participants will be Neil Bruce, President and Chief Executive Officer and Sylvain Girard, Executive Vice-President and Chief Financial Officer. Financial

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