Post Archive by Month: December,2018

Qatar Petroleum announces acquisition of UDC’s 20% interest in SEEF Limited

DOHA, Qatar • 31 December 2018 – Qatar Petroleum announces the acquisition of United Development Company’s (UDC) 20% interest in SEEF Limited (SEEF), a petrochemical company engaged in the manufacturing of Linear Alkyl Benzene (LAB). Following this acquisition, SEEF will be fully owned by Qatar Petroleum. This transaction highlights Qatar Petroleum’s pursuit of its strategy of consolidating its operations, as

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Transocean Ltd. Announces 5-Year $830 Million USD Drilling Contract for Newbuild Ultra-Deepwater Drillship

STEINHAUSEN, Switzerland, Dec. 28, 2018 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) announced today that it has signed a rig design and construction management contract, as well as a five-year drilling contract, with Chevron USA, Inc. (“Chevron”) for one of its two dynamically positioned ultra-deepwater drillships (“the drillship”) currently under construction at the Jurong shipyard in Singapore. The drilling contract

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Area 4 Co-Venture Parties Secure Offtake Commitments for the Rovuma LNG Project

Area 4 has secured sufficient offtake commitments from affiliated buyers of the co-venture parties to move towards a final investment decision for the Rovuma LNG Project Affiliate buyer commitments will provide a foundation to secure project financing Government reviewing proposed development plan; production expected to commence in 2024 28/12/2018 MAPUTO (Mozambique), 28 December 2018 – Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key

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Alexey Miller and Mher Grigoryan, Armenia’s Acting Deputy Prime Minister, discuss cooperation issues

December 28, 2018 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Mher Grigoryan, Acting Deputy Prime Minister of the Republic of Armenia, took place in St. Petersburg today. Mher Grigoryan and Alexey Miller at meeting Enlarged photo (JPG, 4.3 MB) The meeting participants discussed the state and prospects of bilateral cooperation, including natural gas supplies to Armenia in 2019. The parties also reviewed issues related to gas

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NOC announces November monthly oil revenue

28 December 2018 National Oil Corporation (NOC) declares that November income from sales of crude oil, derived products, and taxes and royalties received from concession contracts was approximately 2.4 billion USD – the third highest monthly total of 2018. Total projected revenue for the year is estimated at 24.2 billion USD – a 76% year-on-year increase. NOC chairman Mustafa Sanalla

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Eni: Syndial pilot plant in Gela begins transforming organic municipal waste into bio-oil

27/12/2018 Syndial, Eni’s environmental services company, begins operating at its pilot plant at the the Gela refinery. First major step in the Company’s journey toward building industrial-scale plants, providing significant environmental benefits for large urban areas in Italy and abroad. Gela, 27 December 2018 – Syndial, Eni’s environmental services company, begins operating at its pilot plant at the the Gela refinery. The plant transforms Organic Fraction of

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Flotek Announces Leadership Changes

HOUSTON, December 27, 2018 — Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) announces changes among its executive leadership team. Flotek is pleased to announce Elizabeth T. Wilkinson has been appointed as Chief Financial Officer (CFO) of Flotek Industries, effective December 28, 2018. In this role, she will serve as the senior executive responsible for the Company’s financial strategy,

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Polarcus secures combined streamer and node seismic acquisition project in Middle East

by polarcus on 27-Dec-18 08:14 Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces that a contract has been executed with Dubai Petroleum Establishment for a combined towed streamer and ocean bottom node (‘OBN’) 3D seismic acquisition and processing project in the Middle East. The project will commence in Q1 2019 and run for approximately 3 months. The towed streamer

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NOC and BPMC announce departure of second fuel and gas convoy to the South

27 December 2018 National Oil Corporation (NOC) and the Brega Petroleum Marketing Company (BPMC) announce the departure of a second fuel convoy on December 26, 2018, of 113 trucks carrying 3.94 million litres of vehicle fuel, 2.6 million litres of diesel, and 80 metric tons of cooking gas from Misurata to the Sebha distribution centre in southern Libya. This initiative

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Encana completes sale of non-core San Juan asset; reaffirms commitment to $1.25 billion share buyback in 2019

CALGARY, Alberta, Dec. 27, 2018 (GLOBE NEWSWIRE) — TSX, NYSE: ECA Encana Corporation (Encana) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of its San Juan asset in New Mexico to Denver-based DJR Energy. This transaction continues our track record of unlocking value from non-core assets, said Doug Suttles, EncanaPresident &

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QS Energy CEO Jason Lane Issues Shareholder Update

HOUSTON, Dec. 27, 2018 (GLOBE NEWSWIRE) — QS Energy, Inc. (the “Company” or “QS Energy”) (OTCQB: QSEP) is a developer of integrated technology solutions for the energy industry. The following is a shareholder update from Jason Lane, Chief Executive Officer and Chairman of the Board, QS Energy, Inc. AOT prepped and ready for delivery Dear Shareholders: First, to all our

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Halliburton Awarded Drilling Contract from ENI

HOUSTON – December 26, 2018 – Halliburton Company (NYSE:HAL) today announced it has signed two contracts with Eni Iraq BV (Eni) to provide integrated drilling services at Eni’s Zubair Oil Field in Southern Iraq. Under the contracts, Halliburton will mobilize four to six rigs to drill development wells over the next two years. “We are pleased to be awarded this

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Turkmenistan’s energy and transport projects open up new opportunities for cooperation with Switzerland

26.12.2018 On the website of the trade organization Switzerland Global Enterprise there is an article entitled “Turkmenistan: new transport and energy projects connecting East and West”. Its author, Vice-President of the United Chamber of Commerce of the Swiss Confederation, Executive Director of the Turkmen-Swiss business Council Iurie Moraru writes: “From the geographical, energy, logistics and transport, trade and even political

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Statement Regarding Guyana Drilling and Development Activities

12.26.2018 NEW YORK — Hess Corporation said today that drilling and development operations offshore Guyana are unaffected by an incident involving seismic acquisition vessels on Saturday, December 22. Two vessels operated by Petroleum Geo-Services ceased conducting 3-D seismic data acquisition in the northwest portion of the Stabroek Block offshore Guyana when approached by the Venezuela navy. The area where the

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Spain and Italy started to buy Turkmen urea

26.12.2018 Plant “Garabogazsulphate” sent for export more than 12 thousand tons of concentrated nitrogenous fertilizers. A large batch of mineral fertilizers was purchased by foreign consumers from Spain and Italy. Products were loaded on a freighter for a modernized Navy pier of Garabogaz. Now seven thousand tons of urea are being prepared for shipment abroad. The largest gas chemical complex

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NOC and Sonatrach agree joint Ghadames block 2019 budget

26 December 2018 The joint ownership committee of the National Oil Corporation (NOC) and Algerian oil major Sonatrach met between December 24-25, 2018, in Algiers to discuss joint activities and balance sheets for 2018, and the 2019 budget for blocks 65 and 95/96 in the Ghadames basin.  Parties also discussed a report evaluating the reservoir capacity for block 95/96, and

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Private buyers of Iran crude had no problems exporting it

2018-12-26 Oil Minister: TEHRAN (NIOC) _ Private buyers of Iranian crude have had “no problems” exporting it, Iran’s oil minister said on Wednesday, despite U.S. sanctions targeting Iran’s oil exports. Iran began selling crude oil to private companies for export in late October, just ahead of U.S. sanctions on sectors including oil which came into effect on Nov. 5. “Those

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