Latest News

Norway: Total sells its interest in the Martin Linge field to Statoil

Paris, 27 November 2017, Total has agreed to sell all of its interests in the Martin Linge field (51%) and Garantiana discovery (40%) on the Norwegian Continental Shelf to Statoil. The consideration for the transaction is $1.45 billion with an effective date of January 1st, 2017.  The transaction remains subject to final due diligence and approval from the relevant authorities.

Continue reading

Statoil takes over operatorships and equity in the Martin Linge field and Garantiana discovery

Statoil and Total have agreed on a transaction whereby Statoil will acquire Total’s equity stakes in the Martin Linge field (51%) and the Garantiana discovery (40%) on the Norwegian continental shelf (NCS). Statoil will take over both operatorships and pay Total a consideration of USD 1.45 billion. When in operation, Martin Linge will be a modern production facility with low

Continue reading

Robotics Hits Tipping Point for Oil Industry Breakthroughs

Photo Courtesy: Houston Mechatronics Robotics technology has hit an inflection or tipping point and is poised to drive major breakthroughs soon in the upstream oil industry, said R. Matthew Ondler, president and CEO of Houston Mechatronics, at Aramco Innovation Day at the Houston Petroleum Club. The half-day event was sponsored by Aramco Services Company. In his presentation, Ondler likened the

Continue reading

Shell and consortium partners begin production test at Libra

Royal Dutch Shell plc (Shell) and consortium partners in the Libra area announce today that operations have started at thePioneiro de Libra FPSO (Floating, Production, Storage, and Offloading Unit), located in the Brazilian pre-salt of the Santos Basin.  The vessel is the first FPSO dedicated to Extended Well Tests (EWTs) that also features a gas reinjection capability. Located approximately 180

Continue reading

Kuwait Integrated Petroleum Industries Company To Expand Al-Zour Refinery With Honeywell Technology

DES PLAINES, Ill., Nov. 27, 2017 /PRNewswire/ — Honeywell (NYSE: HON) announced today that Kuwait Integrated Petroleum Industries Company (KIPIC) will use a range of process technologies from Honeywell UOP, a leading licensor of refining and petrochemical process technology, for the expansion of its refining and petrochemical complex at Al-Zour, south of Kuwait City. Honeywell UOP will supply technology licenses, design

Continue reading

Saudi Aramco and SABIC sign MOU to develop innovative Crude Oil to Chemicals Complex

DHAHRAN, November 26, 2017 Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution of the Front End Engineering Design (FEED) before a final investment decision is made. The COTC complex is expected to process 400,000 barrels per

Continue reading

Eni’s CEO meets in Nicosia with the President of the Republic of Cyprus

Eni’s Chief Executive Officer, Claudio Descalzi, met today in Nicosia with the President of the Republic of Cyprus, Nikos Anastasiadis. The meeting was the opportunity to update Cyprus President on Eni’s activities in the Republic of Cyprus and jointly discuss about future opportunities. Claudio Descalzi re-confirmed the commitment of Eni to Cyprus hydrocarbon exploration and the Eastern Mediterranean in general

Continue reading

ABB powers 450kW fast charging for electric buses in Gothenburg

2017-11-22 – Göteborg Energi places order for two 450kW ABB OppCharge fast chargers, facilitating more efficient operation for articulated high-capacity electric buses in Gothenburg. ABB, global leader in EV charging solutions, has today announced a project with Volvo Buses, Västtrafik and Göteborg Energi to bring its 450kW Opportunity Charging (OppCharge) system to the city of Gothenburg. Due for delivery in

Continue reading

Valuable new data presented at Geoscience BC and MDRU-hosted workshop

Vancouver, BC – November 23, 2017 – Valuable new data for the central interior was presented at the Geoscience BC and MDRU-hosted ‘TREKing through BC’s Central Interior’ workshop on October 17th. It was the first time many of the experts involved in four years of Targeting Resources for Exploration and Knowledge (TREK) projects have been brought together, with lively discussion

Continue reading

ISATIS FOR GEOLOGICAL MODELING AND HYDROGEOLOGY

THE GLOBAL PROVIDER OF GEOSTATISTICS-BASED SOLUTIONS ISATIS FOR GEOLOGICAL MODELING AND HYDROGEOLOGY NOVEMBER 23, 2017 Isatis builds accurate and reliable 3D models of subsurface properties, taking into account their spatial behavior and heterogeneities. Quantifying model uncertainties is critical when managing projects dealing with water resources, natural risks, flow simulations, geotechnics, optimization of measurement networks, assessment of efficiency and safety

Continue reading

First EAGE/AMGP/AMGE Latin American Seminar in Unconventional Resources

November 23 – 24, 2017 Mexico City, Mexico Gioconda Troya, Paradigm Interpretation Technical Sales Advisor, will present a paper, “High Resolution Diffraction Imaging for Reliable Interpretation of Fracture Systems“, at the first EAGE/AMGP/AMGE Latin-American Seminar on Unconventional Resources, to be held in Mexico City on November 23-24. When and where:  Thursday, November 23, 10:30 AM, Salon 2.  Technical Session:  Seismic/Integrated

Continue reading

Lotte Versalis Elastomers: a new industrial complex in South Korea

A new integrated industrial complex for the production of elastomers was launched today in Yeosu, South Korea. The launch was attended by the local authorities, the Ambassador of Italy to Korea and major customers. San Donato Milanese (Milan), November 23rd, 2017 – A new integrated industrial complex for the production of elastomers was launched today in Yeosu, South Korea. The

Continue reading

ADNOC and Abu Dhabi Ports to Establish High Tech Marine Simulation Centre

Abu Dhabi, UAE – November 23, 2017: The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Ports are to establish a joint Marine Simulator Centre in Musaffah, Abu Dhabi, to provide a range of maritime training for the UAE’s growing marine workforce. Under this long-term partnership, the Marine Simulation Centre will provide training for ADNOC employees and serve the

Continue reading

NOVATEK Acquires Severneft-Urengoy

Moscow, 23 November 2017. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today the acquisition of Severneft-Urengoy from EuroChem, a leading global fertilizer company. Severneft-Urengoy holds the hydrocarbon exploration and production license for the West-Yaroyakhinskiy license area located in the Purovsky district of the Yamal-Nenets Autonomous Region in close proximity to our existing infrastructure. The license contains estimated hydrocarbon resources of

Continue reading

The Sand Control Challenge

Sand Control Equipment are required in more than 70% of all hydrocarbon production wells around the world. We also know that sand control failures are in most cases catastrophic for the well, resulting in permanent P&A of the wellbore, and subsequently sidetracking and re-completion of the well. For a subsea well, the cost is easily 30 mill USD or even

Continue reading

North Sea tax relief included in 2017 Budget by UK

Chancellor of the Exchequer Philip Hammond announced on 22 November tax changes to oil and gas companies operating in the North Sea as part of the UK government’s 2017 Budget. Hammond stated that starting from November next year, tax history for oil and gas fields in the North Sea would be transferable from the seller to the buyer. The measure

Continue reading

Puget Sound Energy achieves award-winning content management and customer engagement

What happens when you successfully modernize customer communications and deliver a centralized SAP-integrated content management solution?  You create a superior customer experience, improve business productivity, and win an OpenText™ Elite™ Award for SAP Integration Excellence! Puget Sound Energy (PSE), the largest utility in the Pacific Northwest, embarked on an ambitious project to consolidate and replace 14 different disparate archiving solutions

Continue reading

Aramco’s role in supporting creativity and innovation highlighted at Asbar forum

Under the patronage of HRH Prince Faysal ibn Bandar ibn Abd’ Al-‘Aziz Al Sa’ud, governor of Riyadh, Saudi Aramco participated in the second International Asbar World Forum. Muhammad M. Al Saggaf, senior vice president of Operations and Business Services, affirmed in remarks during the opening ceremony Saudi Aramco’s strong belief in the role creativity and innovation play as a driving

Continue reading

Dudgeon offshore wind farm officially opened

Today, operator Statoil and partners Masdar and Statkraft officially opened the Dudgeon offshore wind farm in Great Yarmouth, UK. Since the investment decision was made in 2014, construction costs have been reduced by more than 15%, from GBP 1.5 billion to approximately GBP 1.25 billion. All 67 turbines at the 402MW Dudgeon offshore wind farm are now delivering electricity to

Continue reading

Success of Capgemini’s 4th Employee Share Ownership Plan

Plan offer oversubscribed 124% by employees Dilution offset by the share repurchase agreement  Paris, November 23, 2017 – Capgemini today announced the significant oversubscription of its fourth employee share ownership plan for 3,600,000 shares. The share repurchase agreement to neutralize dilution allowed the purchase of 3,522,495 shares. The fourth employee shareholding plan aimed at associating employees with the development and

Continue reading
May 2020
M T W T F S S
« Apr    
 123
45678910
11121314151617
18192021222324
25262728293031