Oil and Gas News

API: Pipelines Are Critical To Safely Delivering The Energy Americans Demand Every Day

WASHINGTON, June 21, 2018 – At today’s House Transportation Subcommittee hearing, API highlighted how the natural gas and oil industry is committed to advancing pipeline safety to protect communities and the environment and underscored the important role that pipelines play in delivering the energy that American consumers demand and need every day. “Pipelines are critical to ensuring that consumers keep

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Strong Global Oil Demand And U.S. Production Has Boosted The 2018 Q2 Energy Outlook (Includes May Monthly Statistical Report)

WASHINGTON, June 21, 2018 – Today the American Petroleum Institute released its industry outlook for the second quarter of 2018. The report shows the strength of global economic growth and how that has translated into record oil, natural gas and petrochemical demand. “World oil demand has approached 100 million barrels per day (MBD) for the first time, and U.S. supply

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API: EDF Report Reaffirms The Benefits Of Increased Use Of Clean Natural Gas

WASHINGTON, June 21, 2018 – API release the following statement on the Environmental Defense Fund’s (EDF) recent paper on methane emissions. “This paper is consistent with the fact that methane emissions were low in 2015 and reaffirms the benefits of increased use of natural gas as a fuel source, which is driving US carbon dioxide emissions downward,” said API Upstream

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SOCOTEC Presents to Construction Students at Local College

21 June 2018 SOCOTEC, the UK’s leading provider of testing, inspection and compliance services, has supported a training day at a local college in Kent with a presentation on concrete quality control. MidKent College is one of the largest education and training providers in the South East, offering – among others – a range of construction based learning opportunities and

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IBM Boosts Support of Cloud-Native Capabilities

IBM Cloud Managed Services synchs with IBM Cloud Private for Next-Gen Application Development ARMONK, N.Y., June 21, 2018 /PRNewswire/ — IBM (NYSE: IBM) has announced that for the first time, its industry-leading IBM Cloud Private application platform, will be made available to run on the company’s enterprise Cloud Managed Services (CMS). Hundreds of world-leading banks, airlines and government organizations already rely on

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US prepares for next wave of LNG exports – Chinese demand is soaring — so much so that Beijing spared the product from tariff rises

June 21, 2018 When China last week set out a list of US exports threatened with retaliatory tariffs, almost all fossil fuels were covered, including oil, coal and liquefied petroleum gases such as propane. There was, however, one conspicuous exemption: liquefied natural gas. Beijing’s decision not to impose additional tariffs on US LNG shows the critical role that the fuel

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Atos wins deal to establish supercomputing Centre of Excellence in Wales

Paris, June 21 2018 Atos, a global leader in digital transformation, has signed a significant new contract with Supercomputing Wales, the national supercomputing research facility for Wales that will result in a world-first Atos and Dell EMC supercomputing Centre of Excellence. This partnership will provide high performance computing facilities and big data research capabilities to a consortium of universities in

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NNPC Reels Out Plans to Attract Private Investment

21st June, 2018 As Baru Says Slump in Oil prices, an Opportunity for Growth The Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and spur growth in the nation’s Oil and Gas Industry. Group Managing Director of the corporation, Dr. Maikanti Baru, disclosed this while speaking on the theme “Investment in the Oil

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Statement by Qatar Petroleum

21-June-2018 The European Commission announced today that it has opened an investigation into certain terms and conditions of long-term LNG supply agreements into Europe by Qatar Petroleum and five of its liquefied natural gas (LNG) subsidiaries that are operated by Qatargas. The investigation will look into the potential anti-competitive implications that such terms and conditions may have on trade within

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Rosneft holds Annual General Meeting of Shareholders

21 June 2018 Rosneft’s Annual General Shareholders Meeting was held in Krasnoyarsk on June 21. Holders of 92.54% of the Company’s shares took part in the meeting. The Meeting approved the Annual Report, Annual Financial Statements and Profit Distribution of Rosneft for 2017. The decision was taken to distribute 70.5 billion rubles (6 rubles 65 kopecks per share) for dividends

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Alexey Miller visits Seversky Pipe Plant

June 21, 2018, 15:50 A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, today paid a visit to the Seversky Pipe Plant (SPP) in the Sverdlovsk Region. Seversky Pipe Plant. Photo by TMK Enlarged photo (JPG, 12.1 MB) The Plant, which is owned by TMK, manufactures a wide range of pipe products for the oil and gas sector and other industries. SPP-produced casings for gas wells and pipes for field pre-development

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Total to start oil production in Uganda

20 June, 2018 French oil major Total has announced that it plans to start producing oil in Uganda in 2021 at the earliest. Total joins China’s CNOOC as the second firm to suggest it will not be able to meet the 2020 target set by the East African nation. The firm said it expects a final investment decision on its

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Capgemini expands its network of digital design studios with acquisition of UK based Adaptive Lab

Paris, June 20, 2018– Capgemini announced today the acquisition ofAdaptive Lab, a digital design studio that helps businesses adjust to new technology and the accompanying shifts in customer behavior. This acquisition will help to further meet growing customer demand for the Group’s end to end digital services, namely in the UK. Established in 2009, Adaptive Lab comprises a team of

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Shell to sell Draugen and Gjøa interests to OKEA AS

Jun 20, 2018 Royal Dutch Shell plc, through its affiliate A/S Norske Shell, has reached an agreement with OKEA AS to sell its entire 44.56% interest in Draugen and 12.00% interest in Gjøa in Norway for $556* million (NOK 4,520 million). The transaction is subject to regulatory approval and is expected to complete in Q4 2018.  The transaction’s expected effective

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LMKR & DeepData Announce Global Partnership to Enhance Collaborion between Geologists & Engineers in Unconventional Completion

Houston, USA, June 20, 2018: LMKR and DeepData have announced an exclusive partnership that aims to boost well production and reduce costs with a cloud-based solution for engineered completions that leverages rich geologic and petrologic information. DeepData & LMKR are enabling LMKR curves to be imported and leveraged by DeepData’s completion design tool that enables engineers to rapidly and easily

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Supporting safety assurance in yacht building.

20 Jun 2018 Oyster Yachts, a leading manufacturer of luxury blue water sailing yachts, has announced a partnership with LR to secure a safety certification process which will be implemented on all new yachts built by the Southampton based company.Under the terms of the agreement, LR will approve the design, materials and build quality of all hulls and decks on

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Trusted Independent Research Firm Reinforces Intelex’s New EHSQ Alliance Strategy

JUNE 20, 2018 Latest report details the value of new strategy praising the customer-informed approach Toronto, Ontario- June 20, 2018 Intelex Technologies Inc., a leading global provider of cloud-based Environmental, Health, Safety and Quality (EHSQ) management software, announced the release of the Verdantix report around the EHSQ Alliance strategy launched in April at the Alliance Conference. The Verdantix report, “Intelex Sets

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EMF Offshore Wind – Statement

June 20, 2018 GE welcomes the confirmation of the three Eolien Maritime Français offshore windfarms paving the way for a buoyant offshore wind industry, which carries considerable potential for economic growth, job creation and high-tech innovation in France. These three offshore windfarms, located in Fécamp, Courseulles and Saint-Nazaire will lead to new job creation in France required to build and

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ABB and Kawasaki create world’s first common interface for collaborative robots

20 June 2018 ABB and Kawasaki Heavy Industries, both global leading players in industrial automation and robotics, are showcasing the world’s first common collaborative robot operating interface at automatica in Munich, Germany from June 19-22, 2018. The common interface will also help address the shortage of skilled workers in many industries. In Japan for example, one person in five is

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