Post Archive by Day: January 9, 2019


January 09, 2019 Houston, Texas – C&J Energy Services is teaming with Seismos to collaborate on the industry’s first real-time hydraulic fracture characterization solution. The alliance leverages the strength of a proven oilfield services provider with an entrepreneurial, leading-edge technology company. The combined vision is to develop innovative, fit-for-purpose workflows that translate reservoir understanding into significant improvements in fracturing plans, field

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Saudi Arabia Pushes for $80 Oil But US Producers See Lower Prices

Stephen Rassenfoss, JPT Emerging Technology Editor | 09 January 2019 Getty Images oil Dallas Fed Saudi Arabia After oil prices sunk back below $50/bbl last year, US unconventional oil producers trimmed their spending plans, but not their growth outlook. A December survey of oil companies operating in Texas and surrounding states offered a look at how oil companies are reacting

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BP’s Seismic Innovations Used To Find Cheap Barrels Offshore

Stephen Rassenfoss, JPT Emerging Technology Senior Editor |09 January 2019 Topics: Petroleum reserves Petrophysics/geophysics The Atlantis platform in the Gulf of Mexico. Source: BP “Thunder Horse” BP ” seismic Na Kika “Delta House Manuel Atlantis nodes llog Wolfspar BP is reaping the rewards of its focus on advanced seismic imaging, announcing four significant additions to its oil resources in the

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McDermott Awarded EPC Contract for Fuel Tanks in Australia from Puma Energy

01/09/2019 – McDermott to provide engineering, procurement and construction of 11 fuel tanks for Puma Energy’s Kwinana Fuel Import Terminal – McDermott remains the leading provider of storage tank solutions in Australia – Award builds on past success in delivering storage solutions for Puma Energy HOUSTON, Jan. 9, 2019 /PRNewswire/ — McDermott International, Inc. (NYSE: MDR) today announced the award of

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World Bank lowers oil price forecast

09.01.2019 The World Bank (WB) lowered its forecast for the average oil price for the next two years to $ 67 per barrel. This is $ 4 below its December forecast. In December, the World Bank expected the average price of oil for the next three years at $71 per barrel, in the June report – $69 per barrel. “Oil

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Intelex Technologies Appoints Neil Berry as Senior Vice President and General Manager, EMEA

Start-up and veteran SAAS enterprise executive to drive new European expansion TORONTO, ON – January 9, 2019 Intelex Technologies, a leading global provider of cloud-based Environmental, Health, Safety and Quality (EHSQ) management software, announced today the appointment of Neil Berry, Senior Vice President and General Manager, EMEA located in the recently opened Reading, UK office. In his role, Berry will lead

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Chesapeake Energy Corporation Reports Selected Preliminary 2018 Fourth Quarter Results And Operational Update

OKLAHOMA CITY, Jan. 9, 2019 /PRNewswire/ — Chesapeake Energy Corporation (NYSE:CHK) today reported selected financial and operational results for the 2018 fourth quarter. Highlights include: Estimated average 2018 fourth quarter production range of approximately 462,000 to 464,000 barrels of oil equivalent (boe) per day Estimated average 2018 fourth quarter oil production range of approximately 86,000 to 87,000 barrels (bbls) of oil

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TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract for the BP Atlantis Phase 3 Project in the Gulf of Mexico

January 9, 2019 LONDON & PARIS & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) (Paris: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by BP for the Atlantis Phase 3 project. Following final investment decisions from all partners, TechnipFMC will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilicals and subsea tree

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