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Petrofac named top EPC contractor by MEED

Petrofac has been named a top engineering, procurement and construction (EPC) contractor by MEED (formerly Middle East Economic Digest). It was tied for first place with Saipem and JGC Corporation in MEED’s annual survey of the value of EPC contract awards in the Middle East and North Africa (MENA) hydrocarbon sector. Each company was awarded US$1.9 billion of work on

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Building Geologically-consistent Velocity Models

Events Building Geologically-consistent Velocity Models November 28, 2017 This recorded webinar will be available at 9:00 AM CT. Presented by:  Mehran Hassanpour, Senior Technical Advisor Featured Domain: Velocity Modeling Featured Technologies:SKUA-GOCAD™ Duration:  20:37 Abstract For years, SKUA-GOCAD has been used to create velocity models in many types of plays, including sub-salt, using unique salt modeling capabilities.  Where there is a need for

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OILDEX TO DISCUSS THE FUTURE OF THE ‘ALWAYS-ON’ SUPPLY CHAIN AT THE 3RD ANNUAL OIL AND GAS SUPPLY CHAIN AND PROCUREMENT SUMMIT

November 28, 2017 – Houston, TX – On December 6, 2017, Oildex Vice President of Product – Payables and Supply Chain Jeff White will discuss how the Always-On Supply Chain is becoming a reality in the oil and gas industry at the 3rd annual Oil and Gas Supply Chain and Procurement Summit in Houston, Texas. Jeff’s presentation will take place

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KBR Awarded Concept and FEED Contract for Statoil’s Ground-Breaking Northern Lights Project

HOUSTON – November 28, 2017 – KBR, Inc. (NYSE: KBR) announced it has been awarded the Concept and FEED (front-end engineering design) contract by Statoil for their ground-breaking Northern Lights Project, to develop an onshore carbon dioxide (CO2) – a known greenhouse gas – storage terminal in Norway. The terminal is a key component of the Carbon Capture and Storage

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NOVATEK signed MOU with Marubeni and MOL

Moscow, 28 November 2017. PAO NOVATEK (“NOVATEK” and/or the “Company”) today signed a trilateral Memorandum of Understanding (MOU) with Marubeni Corporation and Mitsui O.S.K. Lines, Ltd. (MOL). The MOU defines the parties’ intentions and includes a specific action plan to explore the opportunities to establish an LNG transshipment and marketing complex in the Kamchatka Region, including investments in this infrastructure

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First oil from Petrobras’ Libra field

28 November, 2017 Brazilian oil and gas giant Petrobras has announced that production has started at its Libra field, located in the Santos Basin, 195km offshore Rio de Janeiro. Production began on Sunday 26 November through the floating production storage and offloading vessel (FPSO) Pioneer of Libra, which has the capacity to process up to 50,000 barrels of oil and

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Eni becomes operator of Cabinda north and strengthens its presence in the upstream, downstream, trading and renewable sectors in Angola

Eni’s CEO Claudio Descalzi and Sonangol’s Chairman of the Board of Directors Carlos Saturnino signed today an agreement that assigns operatorship of Cabinda North block to Eni, as well as 48% the block’s rights. The signing took place in Luanda at the presence of the President of the Republic of Angola João Gonçalves Lourenço and the Prime Minister of Italy

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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