Oil and Gas News

ADNOC Takes Next Step in Growing its Downstream Operations by Commissioning New Unit to Extract Maximum Value from Heavy Oils and Slurry

02 September, 2018 Abu Dhabi, UAE – September 2, 2018: ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced, today, it has successfully completed the commissioning of a specialized coker unit, as part of its Carbon Black and Coker Project. With this, ADNOC will extract the maximum value from ‘bottom-of-the-barrel’ heavy oils and slurry, as it

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National Oil Corporation (NOC) and Brega Petroleum Marketing Co (BPMC) are studying the events in the south of Tripoli and developing alternative plans for the distribution of fuel should clashes continue

02 September 2018 NOC and BPMC emphasise the availability of fuel, despite violent clashes witnessed over the last few days. A fuel supply contingency plan was discussed during an urgency meeting held on 2 September 2018, headed by Eng. Mustafa Sanalla, Chairman of the NOC Board of Directors. Members of the joint NOC and BPMC crisis management committee attended the meeting.

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Canada: Total sells its interest in the Joslyn oil sands project to CNRL

2018/08/31 Paris – Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of 225 million Canadian dollars. Following the oil price fall in 2014, the Joslyn project partners decided to put its further development on hold. Therefore, activities have since been limited

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“Hyundai Engineering” is ready to implement new projects in Turkmenistan

31.08.2018 President Gurbanguly Berdimuhamedov on Thursday received the head, the chief Executive officer of the company “Hyundai Engineering Co., Ltd” (Republic of Korea), Sung Sang-Rock. During the meeting, the head of the company noted the interest of South Korean business in strengthening its positions in the high-potential Turkmen market. In turn, Gurbanguly Berdimuhamedov emphasized that Turkmenistan is interested in attracting

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Range Declares Quarterly Dividend

FORT WORTH, Texas, Aug. 31, 2018 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:  RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the third quarter.  A dividend of $0.02 per common share is payable onSeptember 28, 2018 to stockholders of record at the close of business on September 14, 2018. RANGE

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Clarke Energy to Supply GE’s Jenbacher Gas Engines to Power New Algerian ‘Mega Mosque’

August 30, 2018 Clarke Energy to Deliver Four of GE’s Jenbacher J320 Gas Engines to Power Trigeneration Plant at Djamaâ el Djazaïr Mosque being Built in Mohammadia, Near Algiers Jenbacher Trigeneration Units to Supply Reliable, Lower-Emission Power, Heating and Cooling Project Highlights Growing Industrial Demand for Advanced Trigeneration Technologies ALGIERS, ALGERIA—August 30, 2018—GE’s Distributed Power business (NYSE: GE) today

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PGNiG Group: revenue and net profit growth in H1 2018

Consolidated results of the PGNiG Group improved again, with H1 2018 revenue at PLN 20.89bn, EBITDA at PLN 4.3bn and net profit at PLN 2.27bn. The Group achieved further diversification of its import sources, with LNG deliveries as the main contributor. “We are pleased with our first-half consolidated results. Despite an unusually warm spring, gas sales grew by eight percent,

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Innovation must offer solutions

by Brad Baker, CEO, Tendeka  (Published in Energy Voice, September 2018) Like me, you will no doubt be overwhelmed by what seems like a torrent of new, self-proposed technology developments hitting the oil and gas market. But how many really deliver the sought after solutions to age old problems?   Innovation, in its classical sense, is any new idea, process or solution to a problem. However, I believe we are too often producing fads

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SeaBird Exploration: sale of own shares

30 August 2018, Limassol, Cyprus Reference is made to the announcement of 24 August 2018, in which SeaBird Exploration PLC (“SeaBird” or the “Company”) announced the purchase of 15,000 SeaBird VPS shares, representing 1,500 shares following the reverse split completed 28 August 2018. 1,289 of these shares have been used to round up individual shareholders who would otherwise hold fractions

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PetroChina Continues to Increase its Reserves and Output of Oil and Gas Net Profit for the First Half of 2018 Increased 113.7% Year-on-Year

2018-08-30(Beijing, 30 August 2018) – PetroChina Company Limited (“PetroChina” or “the Company”, HKSE: 0857; NYSE: PTR; SSE: 601857) today announced that it achieved better than expected production and operating results in the first half of 2018. The Company took advantage of the favorable market conditions in the increase in international oil prices, steady increase in domestic demand for refined oil

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CEO’s Update August 2018

August 30, 2018 / David Norman Throughout August the Energy Pipelines CRC team prepared for a number of activities to take place over the remainder of the year, as well as continue with the day-to-day tasks for the organisation. Several new projects have begun this month in a number of topics. These projects will be completed by the end of

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Callon Petroleum Company Announces Upcoming Investor Events

AUG 30, 2018 NATCHEZ, Miss., Aug. 30, 2018 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today announced that senior management plans to participate in the upcoming investor events: Barclays CEO Energy-Power Conference The Company will present at the Barclays CEO Energy-Power Conference hosted by Barclays on Wednesday, September 5, 2018 at 12:25 PM Eastern Time. The live

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C-NLOPB Issues Calls for Nominations for Offshore Land Parcels

August 30, 2018 The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is issuing, under its scheduled land tenure system, a Call for Nominations (Parcels) NL18-CFN02 in the South Eastern Newfoundland Region (Sector NL01-SEN) and a Call for Nominations (Parcels) NL18-CFN03 in the Jeanne d’Arc Region. These Calls for Nominations will assist the C-NLOPB in selecting parcels to be included in

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Improving structural integrity and fatigue performance on offshore installations

Cost efficiency is a major concern for harsh environment offshore drilling and will continue to be so for the foreseeable future, and it is with this in mind that we continue to innovate with our offshore solutions. In our XL Systems business unit, we’re addressing the demand for technologies that provide operators with greater structural strength and fatigue performance in

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Advances in rig equipment and technology power the industry forward

In the August edition of Oilfield Technology, we contributed information on advances in rig equipment and technology to the Rig Design Q&A feature. In four sections, our product line leaders for each product/technology discuss the importance of what we’re doing and how our advances benefit our customers. Robert Goodwin explores our new top drive upgrade, the TDS-11SAE, which enhances existing

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Pemex’s Oil Workers Donate 15.7 Million Pesos to the Mexican Red Cross

28/08/2018 | 70 ​Petróleos Mexicanos CEO Carlos Treviño Medina, commended this distinguished institution for its commitment to bringing relief to all Mexicans in emergency situations. Pemex CEO Carlos Treviño Medina, presented the donation of 15,685,324 pesos made by the oil workers’ community in the country as part of the 2018 Fundraiser to the director of the Mexican Red Cross, Fernando

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NNPC Mulls Setting up Bunkering Company

In a bid to consolidate its foothold on the shipping business in Nigeria and boost profitability, the Nigerian National Petroleum Corporation (NNPC), has unveiled plans to set up a subsidiary to provide refueling services to ships and other ocean-going vessels. A statement by the corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, stated that the Group General

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Aker BP signs “data liberation contract”

29. August 2018 In collaboration with Cognite and Framo, Aker BP intensifies the digitalisation of offshore operations; new smart service contract will change the traditional approach to maintenance. The Ivar Aasen platform in the North Sea provides Aker BP with more than just oil. It also transmits vast volumes of data back to shore. The interpretation of these data are

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DNV GL supports creation of China’s first HVDC offshore wind substation

Huadong has contracted DNV GL to supply technical trainings, advices and support on their feasibility study for an offshore HVDC converter station Published: 29 August 2018 Author: Mona Ghobadi Keywords: Wind energy, Energy Contact: Deng Pan Head of Offshore Wind Asia-Pacific SHANGHAI, China – 29 August 2018 – DNV GL, the world’s largest resource of independent energy experts and certification body,

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Can we trust artificial intelligence to keep the oil and gas industry safe?

DNV GL publishes position paper to support the safe use of artificial intelligence Oslo, Norway, 29 August 2018: As artificial intelligence (AI) systems begin to control safety-critical infrastructure across a growing number of industries, the need to ensure safe use of AI in systems has become a top priority. DNV GL has launched a position paper to provide guidance on

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