Oil and Gas News

Digital Transformation of Oil and Gas: Industry Experts from over 30 Countries meet in Amsterdam

5/29/19 3:49 PM Implico shows how to benefit from digital change at “IIoT and Digital Solutions for Oil & Gas 2019” On June 6 and 7, Implico will drive digital transformation in the downstream industry at “IIoT and Digital Solutions for Oil & Gas 2019” in Amsterdam. The international consulting and software company will showcase its pioneering ideas, concepts, solutions

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ADNOC Closes Landmark Pipeline Infrastructure Investment With KKR and BlackRock

Abu Dhabi, UAE – June 27, 2019: The Abu Dhabi National Oil Company (ADNOC) announced today that it has closed its pioneering pipeline infrastructure investment agreement with BlackRock and KKR. The transaction was originally announced in February of this year when KKR and BlackRock signed an initial investment agreement to invest $4 billion into the midstream pipeline assets. Following this

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ExxonMobil and Global Thermostat to Advance Breakthrough Atmospheric Carbon Capture Technology

Jun 27, 2019 – 09:00 a.m. EDT ExxonMobil and Global Thermostat said today that they have signed a joint development agreement to advance breakthrough technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere. The companies will evaluate the potential scalability of Global Thermostat’s carbon capture technology for large industrial use. If technical readiness and

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Devon Energy Completes Sale of Canadian Business

OKLAHOMA CITY, June 27, 2019 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today announced that it has completed the sale of its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. Devon received net proceeds of USD $2.5 billion, after adjusting for purchase price adjustments and estimated taxes associated with the sale. The

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API On Tonight’s Presidential Primary Debate

WASHINGTON, June 27, 2019 – Following the conclusion of the first two presidential primary debates of the 2020 election cycle, API’s Director of Communications, Ben Marter, issued the following statement: “Independent experts agree that natural gas and oil will supply more than half of America’s energy needs for decades to come. Our industry will continue to work with Democrats and

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BP invests $30m in breakthrough technology to produce animal feeds from natural gas

Release date: 27 June 2019 Latest venturing investment will see natural gas transformed into protein for fish and animal feeds Technology has potential to help meet growing global demand for protein feed more sustainably BP Ventures has made an investment of $30 million in Calysta, Inc., an alternative protein producer, that will use BP’s natural gas to produce protein for

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Additional Tariffs Under Section 301 Would Hurt U.S. Energy Consumers

WASHINGTON, June 25, 2019 – Today, API highlighted the damaging impact that an additional round of tariffs on $300 billion worth of imports from China would have on U.S. energy consumers in testimonybefore the interagency Section 301 Committee: “Imposing tariffs on the remainder of U.S. imports from China will put undue strain on the supply chains of the natural gas and

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ADNOC Group CEO Participates in Bloomberg Emerging and Frontier Forum

London, UK – June 25, 2019: His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), participated, today, in the inaugural Bloomberg Emerging and Frontier Forum, which brought together global financial policymakers in a dialogue on the key economic issues related to growth in emerging and frontier markets.

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Shareholders Approve the Transaction of TGS to Acquire Spectrum

Asker, Norway (21 June 2019) – Following the announcement on 20 May 2019 concerning the merger plan between TGS-NOPEC Geophysical Company ASA and Spectrum ASA, an extraordinary general meeting of TGS was held today at the offices of the law firm Schjødt, at Ruseløkkveien 16, in Oslo at 17:00 CET. All resolutions proposed were approved by the shareholders of TGS. The

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Williams Completes Formation of US$3.8 Billion Strategic Joint Venture Partnership with Canada Pension Plan Investment Board in the Marcellus/Utica Basins

Strategic partnership between Williams and CPPIB supports ongoing growth and Northeast region optimization Williams receives approximately $1.33 billion in exchange for a 35% interest in a combined Utica East Ohio Midstream-Ohio Valley Midstream joint venture Monday, June 17, 2019 8:15 am EDT Dateline: TULSA, Okla. TULSA, Okla.–(BUSINESS WIRE)–Williams (NYSE: WMB) today announced the completion of the formation of a US$3.8

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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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