Post Archive by Day: October 19, 2018

U.S. Sets New Record For Oil Production In September Meeting Virtually All Global Demand Growth

WASHINGTON, October 19, 2018 – The American Petroleum Institute’s latest monthly statistical report shows the U.S. produced a record 11.0 million barrels of crude oil per day (mb/d) in September. U.S. liquid fuels production grew 2.2 mb/d year-over-year (y/y), and the U.S. met virtually all global oil demand growth. As supply increased, crude oil inventories also rose in September but

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MESSAGE FOR CSR INTERNSHIP PROGRAM 2018-2019

10/19/2018 OGDCL enrolls 300 interns each year under CSR Program, providing each qualifying candidate a one-time opportunity to get a first-hand experience of their profession.  Kindly note that any candidate who has already exhausted his/her opportunity in Internship Program under CSR offered previously by OGDCL, are not eligible for internship this year. http://www.ogdcl.com/

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Petrofac/Saipem/Samsung consortium awarded refinery project in Thailand

19 October 2018 Petrofac, the international oil and gas services provider, leading a consortium with Saipem S.p.A. (Saipem) and Samsung Engineering Co Ltd (Samsung), has received an award notification for Thai Oil Public Company Limited’s (Thai Oil) Clean Fuels Project on the East coast of Thailand. The overall project value is around US$4 billion, of which Petrofac’s share is around

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NOV integrated inline surface drillstring measurement system proves successful in Gulf of Thailand

2018-10-19 Though direct measurements using a drillstring measurement system have been collected while drilling for several years, lack of integration with the control system has limited the value and applicability of such systems. Our StringSense™ system overcomes these limitations, providing operators with a means of surface measurement directly on the drillstring and allowing them to use that data to develop

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Aker BP completes Norwegian appraisal well drilling

19 October, 2018 Norwegian oil exploration firm Aker BP has announced the completion of a North Sea well drill at production licence 203, 125 miles northwest of Stavanger, Norway. The appraisal wells 25/4-13 S and 25/4-13 A on the oil and gas discovery 25/4-3 (Gekko), are approximately three miles east of the Volund field. Preliminary estimates placed the size of

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Gazprom to start production drilling at Kovyktinskoye field in 2019

October 19, 2018 GasificationNGV fuelEastern Gas ProgramPower of Siberia A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Levchenko, Governor of the Irkutsk Region, took place in St. Petersburg today. Alexey Miller Enlarged photo (JPG, 3.2 MB) The parties discussed ongoing and future cooperation, noting the strategic importance of the Irkutsk Region for Gazprom. There, the Company is shaping the Irkutsk gas production center on the

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Chesapeake Energy Corporation Declares Quarterly Preferred Stock Dividends And Provides 2018 Third Quarter Earnings Conference Call Information

Oct 19, 2018 OKLAHOMA CITY, Oct. 19, 2018 /PRNewswire/ — Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues, as stated below. 4.50% 5% 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A N/A Date of Original Issue September 14, 2005 November 8, 2005 May 17, 2010 May

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AGOCO and NOC statement on reported Hariga protests

19 October 2018 October 18, Tripoli – In response to fake news stories circulating in Libyan and international media today, Arabian Gulf Oil Company (AGOCO) and National Oil Corporation (NOC) issue an official confirmation that no protests were made at its Hariga operations – either at the port, or AGOCO headquarters – in the last 48 hours. The company’s full

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Gurbanguly Berdimuhamedov laid a green area near the new gas-chemical complex in Kiyanly

19.10.2018 At the end of the opening ceremony of the polymer plant in the village of Kiyanly, President Gurbanguly Berdimuhamedov took part in the start of the autumn planting campaign, planting the first tree near the territory of the new gas chemical complex. Representatives of all sectors of the national economy, the diplomatic corps accredited in Turkmenistan, foreign guests also

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At the meeting of the Turkmen-Saudi intergovernmental Commission the directions of activization of cooperation were defined

19.10.2018 The 6th meeting of the intergovernmental Turkmen-Saudi Commission on trade and economic cooperation was held in the Central building of the oil and gas complex of Turkmenistan.  The meeting was attended by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Myratgeldy Meredov, heads and representatives of a number of leading ministries and departments, including the oil and gas

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President of Turkmenistan and Minister of Trade and investment of Saudi Arabia discussed the possibility of implementing joint projects

19.10.2018 The possibility of implementing joint projects in key areas for the national economies of the two countries was discussed at the meeting of the President of Turkmenistan Gurbanguly Berdimuhamedov with the Minister of trade and investment of Saudi Arabia Majid bin Abdullah al Qasabi, who arrived in Ashgabat at the head of a representative delegation to participate in the

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Shell Picks a Digital Platform to Build Its AI Future Upon

19 October 2018 Topics: Data and information management Projects, facilities & construction Source: Shell Alisa Choong, the chief information officer at Shell, recently told several hundred oil and gas professionals that, “Digitization is about making the right choices.” Speaking on a panel at SPE’s Annual Technology Conference and Exhibition in Dallas last month, Choong shared that Shell has made one

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New Hires: Bridging the Gap Between Academics and Needs in the Oil Field

19 October 2018 Topics: HR/people management Source: Getty Images A special session held at the 2018 SPE Annual Technical Conference and Exhibition featured a variety of panelists from across the oil and gas industry—as well as outside of it—in a discussion that emphasized the importance of training and learning beyond formal education. While the industry remains dependent upon professionals who

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Saudi Aramco expands presence in China refining market with signing of MOU with Zhejiang Petrochemical

DHAHRAN, October 19, 2018 Saudi Aramco recently signed an MoU with Chinese Zhejiang provincial government during the 2nd International Petroleum and Natural Gas Enterprises Conference (IPEC), to acquire a share of Zhejiang Petrochemical’s new refinery project. Abdulaziz Al Judaimi, Sr. VP Downstream, said: “We are exploring opportunities for new refining and petrochemicals facilities, making further investments in China. Saudi Aramco

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Oasis Petroleum Announces Reaffirmation and Extension of Its Borrowing Base, Schedules Third Quarter 2018 Conference Call, and Highlights Upcoming Investor Conference Participation

HOUSTON, Oct. 19, 2018 /PRNewswire/ — Oasis Petroleum Inc. (NYSE: OAS) (“Oasis” or the “Company”) today announced that the lenders under its revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, resulting in a reaffirmed borrowing base of$1.6 billion with elected commitments remaining at $1.35 billion. In addition, maturity was extended to five years from the closing date,

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Orbital Gas Systems Secures Third Purchase Order Under U.K. BioMethane Contract

HOUSTON – Orbital Gas Systems, a wholly-owned Energy subsidiary of CUI Global, Inc. (NASDAQ: CUI), announced today it has received the third of three purchase orders from a major European industrial company for the production of BioMethane-to-grid terminals. The contract, awarded in May 2018 and valued at approximately $1.7 million, calls for the production of three BioMethane-to-grid terminals that will

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Aker BP third quarter 2018 results

19. October 2018 Aker BP (OSE:AKERBP) reports total income of USD 1,000 million and operating profit of USD 548 million for the third quarter 2018. Net profit was USD 125 million and earnings per share were USD 0.35. The company paid a dividend of USD 0.3124 (NOK 2.53) per share in the quarter. A live webcast will start Friday, October

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