Oil and Gas News

ADNOC and ExxonMobil CEOs Discuss New Opportunities During Visit to Review Progress of US$ 30 Billion Upper Zakum Expansion

Abu Dhabi, UAE – May 7, 2019: His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Darren W. Woods, Chairman and CEO of Exxon Mobil Corporation (ExxonMobil), met to explore new opportunities for collaboration in the upstream and downstream sectors, and discuss wider regional and business-related

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Saudi Aramco to acquire Shell’s share of the SASREF refining joint venture

Apr 21, 2019 The Saudi Arabian Oil Company (Saudi Aramco) is to acquire Shell Saudi Arabia Refining Limited’s (Shell) 50% share of the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million. Abdulaziz Al-Judaimi, Saudi Aramco‘s Senior Vice President of Downstream, said: “The partnership with Shell has led to a strong record of

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Equinor invests in new platform in Azerbaijan

 April 19, 2019 10:23 CEST The Central Azeri Platform (ACG). (Photo: Stuart Conway / BP)  Equinor and eight partners in the offshore Azeri Chirag Gunashli (ACG) oilfield in the Caspian Sea have made a USD 6 billion investment decision to build an additional platform in the license area. The investment decision follows an agreement with the Government of Azerbaijan to extend

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BP and partners sanction $6 billion Azeri Central East development offshore Azerbaijan

Release date: 19 April 2019 Next stage of development of giant ACG field in Caspian Sea New 100,000 barrel a day platform expected onstream in 2023 New development approved in 25th year of landmark partnership BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in

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API Applauds FERC’s Bipartisan Approval Of Driftwood And Port Arthur LNG Projects

202.682.8114 | press@api.org WASHINGTON, April 18, 2019—The American Petroleum Institute released the following statement regarding the Federal Energy Regulatory Commission’s (FERC) bipartisan approval of the Driftwood and Port Arthur liquefied natural gas (LNG) and pipeline projects. “API applauds FERC for coming together and approving two projects that will help to further America’s energy revolution,” said API’s Vice President of Market Development,

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Saudi Aramco partners with the Saudi Contractors Authority fostering collaboration at ‘Future Projects Forum’

RIYADH, April 18, 2019 In his keynote address at the Future Projects Forum held recently in Riyadh, Senior vice president of Technical Services Ahmad A. Al Sa’adi notes that the Kingdom is already the Middle East’s largest market for contracting, and more growth is expected: “We are always keen to support and encourage contractors and manufacturers, and to provide opportunities

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Noble Corporation plc Provides Fleet Contract Status Update

LONDON, April 18, 2019 /PRNewswire/ — Noble Corporation plc (NYSE: NE) today announced that its report of drilling rig status and contract information has been updated as of April 18, 2019.  The report, titled “Fleet Status Report,” can be found on the Company’s Website www.noblecorp.com, under the “Investor Relations” section of the Website. About Noble Corporation plc Noble is a leading offshore drilling contractor for the oil

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API: U.S. Continues To Lead The World In Natural Gas Liquids And Crude Oil Production; Petroleum Demand At Strongest Level For Month Of March Since 2005

202.682.8114 | press@api.org WASHINGTON, April 18, 2019 – Today, the American Petroleum Institute’s latest monthly statistical report showed that the U.S. sustained its position as the world’s leading oil producer, continuing a pace of 12.1 million barrels a day (mb/d), matching February 2019. In addition, petroleum demand in March was the strongest for that month in more than a decade at 20.7 mb/d.

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ConocoPhillips Announces Agreement to Sell United Kingdom E&P Subsidiaries

APRIL 18, 2019 HOUSTON – ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries indirectly hold the company’s exploration and production assets in the U.K., as well as associated decommissioning liabilities. ConocoPhillips will retain its London-based

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Prices Break Through Three-Year Support, Record April Injection Reported

by drillinginfo | Apr 18, 2019 | Oil & Gas | 0 Comments Natural gas storage inventories increased 92 Bcf for the week ending April 12, according to the EIA’s weekly report. This injection is slightly below the market expectation, which was an inventory increase of 95 Bcf. Working gas storage inventories now sit at 1.247 Tcf, which is 57 Bcf below inventories at the same time

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Microseismic Achieves 2 Million Man Hours Without A Lost Time Injury

HOUSTON, TX – April 17, 2019 – Demonstrating once again that safety is a priority for its clients and employees, MicroSeismic, Inc. (MicroSeismic) announced today two significant safety milestones – achievement of 2 million man hours without a lost time incident (LTI) and a 0.0 total recordable incident rate (TRIR) for 2017 and 2018. These milestones signify the company’s continued

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Optimized drill pipe connection increases efficiencies in extended-reach applications

Optimized drill pipe connection increases efficiencies in extended-reach applications Premium drill pipe connections, first introduced in the mid-2000s, allowed drilling in deviated and extended-reach offshore applications where earlier generations of API rotary-shouldered connections would have failed. Such premium connections’ acceptance found its limits due to their higher maintenance cost. Recognizing an opportunity to address a market demanding a connection with

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Team News – Milestone Events

Team News – Milestone Events Over the past couple of months some of our Adelaide HQ team have been celebrating milestone Petrosys birthdays. Brad Rymer has reached 21 years with Petrosys and Pavel Polach has just passed 15 years. Brad started in 1998 as a Technical programmer initially working on import/export formats before starting work on dbMap desktop. Move forward

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GPinfo – 30 Years and Counting

In 1989, Encom Technology a small software house based in Sydney produced their first permits map which would begin a 30-year journey developing into what we now know today as the GPinfo Petroleum Permit Map, becoming the definitive source for Australasian Petroleum exploration information. GPinfo is born Around the time of producing the first map Encom quickly came up with

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Concerns about OPEC-Led Cuts Possibly Not Extending Pressure Prices Despite Crude Withdrawal

by drillinginfo | Apr 17, 2019 | Blog | 0 Comments US crude oil stocks posted a decrease of 1.4 MMBbl from last week. Gasoline and distillate inventories decreased 1.2 MMBbl and 0.4 MMBbl, respectively. Yesterday afternoon, API reported a crude oil draw of 3.1 MMBbl alongside a gasoline draw of 3.6 MMBbl and a distillate build of 2.3 MMBbl. Analysts, to the contrary were expecting a

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ANSYS Fast Tracks Ferrari GT Race Car Designs Through New Partnership Agreement

ANSYS enables Ferrari Competizioni GT to create 3x more simulations without additional development time or resources PITTSBURGH, April 17, 2019 – Ferrari Competizioni GT is leveraging cutting-edge ANSYS (NASDAQ: ANSS) simulation software to create next-generation vehicle designs that promise a substantial advantage on the track. Through a new partnership agreement, Ferrari Competizioni GT engineers are advancing the aerodynamic performance of their elite race cars

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SOCOTEC Monitoring Announced as the Exclusive Delivery and Installation Contractor of PRIME™ In Europe

17 April 2019 SOCOTEC Monitoring UK – formerly ITM Monitoring – is pleased to announce an exclusive partnership with The British Geological Survey (BGS) to deliver and install PRIME™, its innovative new earthworks monitoring technology. PRIME™ technology enables asset owners to ‘see inside’ vulnerable earthworks, and delivers automated updates on condition changes providing early warnings of asset deterioration. Driven by

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SOCOTEC Monitoring Awarded Monitoring Contract for the Nova Development, London Victoria

17 April 2019 Nova East and Nova Place is the next phase of the Nova development in London Victoria and forms part of Land Securities’ wider masterplan for the Victoria Transport Interchange 2 (VTI2). The development involves construction of two new buildings located directly behind and on the eastern side of the Victoria Palace Theatre. The new buildings will sit

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Latest E&P Jobs

Job Function: Engineering/Technology Experience Level: Experienced Posted Date: 10/26/2018 1:55:43 PM Job #: 3196758 Location(s): Poland; Warsaw Role Summary: The Design Engineer will be an integral part of the Manifold team that is technical responsible for defining, developing and delivering subsea manifold systems to the clients. The Design group have the responsibility for engineering design activities for structures, piping, jumpers
CSE ICON Our Passion For What We Do Transfers Into Our Services Job Description: Hadoop Architect/Developer with hands on experience in designing and developing big data solutions. The candidate will be a part of  advanced analytics group of CSE ICON. Advanced analytics team is building innovative analytical solutions for Oil & Gas Upstream, Electric Utility and Oil & Gas Midstream
GE Oil & Gas Experienced Posted 10/2/2018 6:54:31 AM 3184614 Job Function: Engineering/Technology Business Segment: Oil & Gas Measurement & Controls Location(s): Ireland; Shannon Role Summary:This Lead Project Engineering role is a new permanent opportunity based in GE Sensing EMEA, Shannon which is part of the Baker Hughes a GE company (BHGE) business. Essential Responsibilities:• Working as part of the

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