Post Archive by Day: October 29, 2018

NOV Celebrates World-First Integration of MPD into Drillship’s Drilling Controls Network

In Q3 2018, NOV’s MPowerD™ managed pressure drilling (MPD) group delivered an integrated MPowerD MPD control system on a Cyberbase drilling control system for a deepwater drillship. NOV and the drilling contractor worked together very closely to introduce the system and fully embed MPD into the drilling controls network, and their success makes this the first completely integrated MPD control

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McDermott, Saipem To Partner In Bid For NextDecade

10/29/2018 HOUSTON, Oct. 29, 2018 /PRNewswire/ — McDermott International, Inc. (NYSE: MDR) today announced that it plans to partner with the Italian oil and gas industry contractor Saipem S.p.A. to bid for NextDecade’s planned Rio Grande LNG project in Brownsville, Texas. “Our joint bid with Saipem will feature optimized execution strategies that result in increased certainty on schedule and cost as compared to

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PSO posts Profit after Tax (PAT) of Rs 4.2 billion in Q1FY2019

October 29, 2018 Pakistan State Oil, the country’s flagship oil marketing company, has announced it Q1FY19 financial results. The Company has reported a Profit after Tax (PAT) of Rs. 4.2 billion. The announcement was made during a Board of Management (BoM) meeting at PSO Headquarters in Karachi convened to review the Company’s performance for the quarter ended September 30, 2018.

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Eni and Total partner with Sonatrach for offshore exploration in Algeria

Eni, Sonatrach and Total signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province. 29/10/2018 Algiers (Algeria), 29 October 2018 – The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem Ould Kaddour, the Chief Executive Officer of Eni, Claudio Descalzi, and the Chief Executive Officer of Total, Patrick Pouyanné,

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ENSERVCO Announces Acquisition of Adler Hot Oil Service, LLC

Accretive transaction: Adler achieved 2017 revenue of $17.0 million with $2.8 million EBITDA and TTM* revenue of $18.5 million with EBITDA of $2.9 millionIncreases ENSERVCO’s Earning Capacity and Improves Debt to EBITDA ratio on a pro forma basis Expands ENSERVCO’s Market Share in Bakken, DJ Basin, Green River and Marcellus/Utica ENSERVCO Also Announces Plans to Sell or Close Non-Strategic Dillco

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ENSERVCO Announces Acquisition of Adler Hot Oil Service, LLC

October 29, 2018 Accretive transaction: Adler achieved 2017 revenue of $17.0 million with $2.8 million EBITDA and TTM* revenue of $18.5 million with EBITDA of $2.9 million Increases ENSERVCO’s Earning Capacity and Improves Debt to EBITDA ratio on a pro forma basis Expands ENSERVCO’s Market Share in Bakken, DJ Basin, Green River and Marcellus/Utica ENSERVCO Also Announces Plans to Sell

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Jones Energy, Inc. Schedules 2018 Third Quarter Earnings Release and Conference Call

AUSTIN, Texas, Oct. 29, 2018 (GLOBE NEWSWIRE) — Jones Energy, Inc. (NYSE: JONE) (“Jones Energy” or “the Company”) announced today that it plans to release its 2018 third quarter financial and operational results on Wednesday, October 31, 2018 after the market closes. In connection with the earnings release, Jones Energy will host a conference call to discuss the quarter and provide a company update

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ION announces third quarter 2018 earnings and conference call schedule

HOUSTON, Oct. 29, 2018 /PRNewswire/ — ION Geophysical Corporation (NYSE: IO) today announced that it will release its third quarter 2018 financial results on Wednesday, October 31, 2018 after the market closes.  In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, November 1at 10:00 a.m. Eastern Time (9:00

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Iran sets up selling oil via its Energy Bourse

2018-10-29 TEHRAN (NIOC) _ Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions. Buyers were able to purchase as much as 280,000 barrels of Iran’s light oil at an average price of $74.85 in the first day of

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Subsea Energy Australia gave TechnipFMC two awards during its tenth annual Australian Subsea Business Awards

October 29, 2018 Subsea Energy Australia awarded TechnipFMC with two prizes for our work in the industry during its tenth annual Australian Subsea Business Awards in Western Australia. We claimed SEA’s Emerging Talent award and inaugural award for diversity and inclusion for our STRIVE initiatives. Ashley Duncan represented Leon Oriti, graduate installation engineer, who collected the Award for Emerging Talent for

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Eni further strengthens its presence in the Algerian North Berkine basin

Eni and Sonatrach signed at the Algeria Future Energy Summit an agreement that will see Eni take a 49% stake in 3 concessions in the onshore North Berkine basin where Eni has had a leading position since 1981 29/10/2018 Eni signed an agreement with Sonatrach for three onshore concessions in the North Berkine basin  Algiers (Algeria), 29 October 2018 – The

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New oil discovery in the Johan Castberg licence

October 29, 2018 The Songa Enabler drilling rig. (Jan Arne Wold / Woldcam – Equinor ASA) Equinor and partners ENI and Petoro have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable barrels of oil. “This is an important discovery. It helps to determine the size of the Johan Castberg

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Geoscience BC Welcomes New Manager, Energy and Water Laura Wytrykush

Vancouver, BC – October 29, 2018 – Geoscience BC welcomes Laura Wytrykush to the new position of Manager, Energy and Water. Laura is a registered professional engineer with a master’s degree in engineering and she will be responsible for the implementation and technical management of Geoscience BC’s energy and water-related research projects. Reporting to President and CEO Gavin C. Dirom

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Energy Impact Partners’ credit platform, Energy Impact Credit Fund, provides $22 million financing to Aquam

October 29, 2018 Funds will facilitate debt refinancing and support growth for leading pipe infrastructure services company NEW YORK, Oct. 29, 2018 (GLOBE NEWSWIRE) — Energy Impact Credit Fund (EICF), the credit platform of Energy Impact Partners (EIP), the leading utility-backed energy investment and innovation firm, today announced that it has provided a $22 million credit facility to Aquam Corporation,

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