|Theme||Visible||Selectable||Appearance||Zoom Range (now: 0)|
It will provide re ... Harkand has secured a USD 5 million contract from Swiber Offshore Mexico to perform saturation divin ... Two Bumi Armada subsidiary companies secured USD 300 million worth of contracts from ElectroGas for ... Amec Foster Wheeler has been awarded a contract by BP worth more than USD 73 million. Tam International, which provides inflatable and swellable packers for the oil and gas industry, has ... Sanchez Energy closed a deal with a subsidiary of Sanchez Production Partners to sell wellbore and a ... Penn West Petroleum has entered into a USD 321 million agreement with Freehold Royalties to sell an ... Bonterra Energy has acquired Cardium formation-focused assets in the Pembina area of Alberta, Canada ... Petrobras has sold its assets in Argentina’s Austral basin to Compañia General de Combustibles for U ... Pemex signed an agreement worth USD 1 billion with private equity firmFirst Reserve to jointly inves ... Gulfport Energy entered into an agreement to acquire Paloma Partners III for USD 300 million. Apache sold its 13% stake in the Wheatstone LNG terminal in Western Australia and 50% interest in th ... Shell Petroleum Development Company of Nigeria completed the sale of its 30% interest in Oil Mining ... Oil and gas safety company Secorp opened a new office in Hobbs, New Mexico. Bill Barrett Corp. has signed agreements with several undisclosed recipients for the sale of the maj ... Encana said it will sell its remaining 54% stake in PrairieSky Royalty via a USD-2.4-billion Cardinal Energy entered into an agreement with an unnamed seller to acquire assets whose total daily ... Petrobras has awarded a contract, worth USD 465 million over a period of 5 years, to Aker Oilfield S ... CGG received contracts for the 3D seismic acquisition of four surveys using its marine broadband tec ... IKM Subsea, a subsidiary of IKM Group, has been awarded a contract by Eni Indonesia to provide remot ... OneSubsea, Schlumberger, and Helix Energy Solutions signed a letter of intent to develop technologie ... Premier Hytemp has committed to opening a USD-20-million, 67,000-ft2 precision engineering facility ... Expro has constructed a new 20,000‑m2 facility in Macaé, Brazil.
Contractual agreement between legal parties to account for differences between chart measured quantities and the total confirmed quantities at a measuring point such as a plant. They are used to track over/under production relative to entitlements between producers, over/under deliveries relative to measured volumes between operators of wells, pipelines and LDCs.
PowerChina said railway plans are moving forward under Argentina’s current administration and China could provide the financing for the $1.2–1.5 billion project. Global market conditions have impacted Magnolia LNG’s ability to reach FID. Kinder Morgan’s pipeline project also depends on an FID for the Magnolia LNG project. The pipeline continues to operate as courts weigh expedited appeals from the Army Corp of Engineers and Energy Transfer.
PowerChina said railway plans are moving forward under Argentina’s current administration and China could provide the financing for the $1.2–1.5 billion project. Global market conditions have impacted Magnolia LNG’s ability to reach FID. Kinder Morgan’s pipeline project also depends on an FID for the Magnolia LNG project. As the company aims to become carbon net zero by 2050, it is undertaking a three-pronged approach focused on transforming its core, investing for growth, and positioning for the future. Tellurian CEO Meg Gentle outlined how the US LNG market should address expected tight market conditions through 2025 while managing a transition to a carbon neutral environment.
The International Association of Oil and Gas Producers and IPIECA, the industry group focused on environmental and social performance, have released their annual assessment of health performance in the industry. The report is based on voluntary reporting from the two groups’ member companies. The International Association of Oil and Gas Producers has released the second edition of its “Environmental Management in the Upstream Oil and Gas Industry” report. For this edition, IPIECA, the oil and gas industry group focused on environmental and social concerns, has added its expertise. Many oil and gas companies have been at the forefront of the development of sustainability reporting in recent years, but expectations of greater transparency are now filtering down to mid-sized and smaller players.
Africa (Sub-Sahara) Oranto Petroleum has signed two production-sharing agreements (PSAs) with Uganda for oil and gas exploration around Lake Albert, the Nigerian company said. The deal covers the Ngassa Shallow and Ngassa Deep plays in blocks near the southern part of Lake Albert, according to the Uganda Ministry of Energy and Mineral Development. The pacts closely followed the signing of a PSA by Australia's Armour Energy that covers the Kanywataba block, a 133-square-mile area that was relinquished by three international companies in 2012 after failed exploration attempts. The agreements with Oranto and Armour involve acreage that was offered in Uganda's first competitive exploration licensing round last year. Recoverable oil reserves are estimated at 1.4 billion to 1.7 billion bbl with first production slated for 2020.
Qatar Petroleum will delay its North Field LNG expansion in Qatar with startup in 2025. Its Golden Pass project in Texas remains on track. Qatar has reportedly delayed the selection of Western partners for its massive North Field LNG project. The LNG will come from the offshore Qatargas 4 project in the North Field, a joint venture between Qatar Petroleum and Shell. Asian spot prices for LNG took a dive to multiyear lows, feeling the pressure of the lack of demand.
The author of The Prize talked recently about his newest book on the energy transition and what he sees as the most dynamic forces shaping the things to come. Phase 1 involved a feasibility study for a facility capable of capturing 750,000 tonnes of carbon dioxide annually. The next phase will explore building a facility capable of more than twice that amount. The area has a potential for up to 11.8 million bbl of recoverable oil reserves. The program aims to keep oil flowing in the Trans-Alaska Pipeline System, which has seen dwindling throughput since 1988.
Both platforms offshore assets were shut in following a leak in ExxonMobil's 100,000 B/D pipeline system. Qatar Petroleum will delay its North Field LNG expansion in Qatar with startup in 2025. Its Golden Pass project in Texas remains on track. The Rovuma LNG project in Mozambique was expected to reach FID later this year, with startup in 2025. ExxonMobil estimates that at least 5 FPSOs will be producing more than 750,000 BOPD from the Stabroek Block by 2025.
The EPSO surveys were completed offshore Mexico for Total and Cairn in compliance with requirements of Mexico’s National Agency for Safety, Energy, and Environment. The Mozambique LNG project expects to achieve financial close in Q3. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. Goal is to reduce plant emissions profile and boost sustainability in production.