News

  • Electric Bikes at EICMA 2019, Milan Motorcycle Show

    Posted On November 14, 2019 - 8:31 AM | by Oil and gas press -

    EICMA 2019, or the Milan Motorcycle Show, began on Tuesday, November 5th Related / More : Electrek : Coolest electric motorcycles headed to the Milan Motorcycle Show Oil and Gas News Undiluted !!! “Oil is well” Please email us your industry related news for publication info@OilAndGasPress.com Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook […]

  • Tesla Chooses Berlin

    Posted On November 13, 2019 - 8:01 PM | by Oil and gas press -

    Tesla Gigafactory Europe will be built in Germany, NOT Britain Tesla’s European car factory will be based in Germany, founder Elon Musk has announced as he blamed Brexit uncertainty for not choosing Britain. The so-called ‘Gigafactory’ near Berlin is expected to open its doors by 2021, producing electric cars including Tesla’s latest Model Y SUV. […]

  • OCIMF denied leave to appeal decision by the Court of Appeal

    Posted On November 13, 2019 - 7:53 PM | by Oil and gas press -

    Update re ship inspector winning landmark UK High Court ruling against Oil Companies International Marine Forum (OCIMF) In an unprecedented case for the oil and marine industry, the Oil Companies International Marine Forum (OCIMF), regarded as the voice of safety in the oil sector, which had been lambasted by the High Court in London for […]

  • CME Group Director to Accept Senior Position with the U.S. Treasury

    Posted On November 13, 2019 - 10:06 AM | by Oil and gas press -

    CME Group today announced that Alex J. Pollock will step down from the company’s Board of Directors effective November 15 as he accepts a new role within the U.S. Treasury Department as Principal Deputy Director of the Office of Financial Research. Pollock has served as a CME Group director since 2004. “We sincerely thank Alex […]

  • Perfect Christmas Gift for Oil and Gas Executives

    Posted On November 12, 2019 - 6:16 PM | by Oil and gas press -

    The Patek Philippe Grandmaster Chime is one of the most complex watches ever, It features reversible watch face in rose gold and black ebony , It is reportedly the World’s most expensive watch and sold for CHF 31 million (£24.2 Million) in Switzerland. The 8th Only Watch auction took place in Geneva on Saturday, November 9, 2019. […]

  • Gazprom and Uniper discuss gas supplies

    Posted On November 12, 2019 - 8:53 AM | by Oil and gas press -

    Alexey Miller, Chairman of the Gazprom Management Committee, and Andreas Schierenbeck, Chairman of the Management Board of Uniper, met in St. Petersburg. The parties reviewed a wide range of issues related to bilateral cooperation, including gas supplies and the Nord Stream 2 project. Uniper SE is an energy company focused on natural gas, power generation, […]

  • 2019 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC)

    Posted On November 11, 2019 - 5:23 PM | by Oil and gas press -

    Saudi Aramco is participating in the 2019 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) held November 11-14 and encouraging industry representatives to press ahead with implementing Fourth Industrial Revolution (4.0) technologies. At the conference, of which Saudi Aramco is a partner sponsor, the Company’s Senior Vice President of Operations and Business Services Muhammad M. […]

  • Seven Energy Transaction Update

    Posted On November 11, 2019 - 9:48 AM | by Oil and gas press -

    Savannah Petroleum PLC, the British independent oil & gas company focused around activities in Niger and Nigeria, provided an update in relation to the Seven Energy Transaction (the “Transaction”). Final long-form documentation in relation to the Seven Energy Group financial restructuring (the “Financial Restructuring”) has been agreed, and either signed, held to order in escrow […]

  • Dangote refinery set to start operation in 2021

    Posted On November 11, 2019 - 9:40 AM | by Oil and gas press -

    Nigeria’s Dangote refinery — set to be Africa’s biggest at 650,000 b/d plant — was expected to be ready to process crude by early 2021, officials said Monday. The plant, being built by Nigerian conglomerate Dangote Group and which will use Nigerian crude, was previously set to come on stream in 2020. But officials said […]

  • Helix to Deploy New Rig Offshore Nigeria

    Posted On November 11, 2019 - 9:35 AM | by Oil and gas press -

    Despite challenging market conditions, Sembcorp Marine reported Friday that it has delivered the Q7000 well intervention semi-submersible rig to Helix Energy Solutions Group, Inc. Jointly designed by Sembmarine and Helix, the Q7000 measures 307.1 feet (93.6 meters) in length and 200.5 feet (61.1 meters) in breadth and resembles the Q5000 the Singapore-based firm delivered to […]

  • Helix Reports Third Quarter 2019 Results

    Posted On November 11, 2019 - 9:28 AM | by Oil and gas press -

    Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) reported net income of $31.6 million, or $0.21 per diluted share, for the third quarter of 2019 compared to $27.1 million, or $0.18 per diluted share, for the same period in 2018 and $16.8 million, or $0.11 per diluted share, for the second quarter of 2019. Net […]

  • ADNOC Hosts 12 Business Partnership Majlises

    Posted On November 8, 2019 - 12:57 PM | by Oil and gas press -

    The Abu Dhabi National Oil Company (ADNOC) announced, the completion of 12 business partnership majlises, held at the ADNOC HQ during the past two months. ADNOC’s majlises were conducted to forge a deeper relationship between ADNOC and its private sector community, stimulating constructive supplier feedback around ADNOC’s smart-procurement approach to partnership and the company’s In-Country […]

  • Weir Oil and Gas Awarded Contract with Cortec USA

    Posted On November 8, 2019 - 12:48 PM | by Oil and gas press -

    Weir Oil & Gas announced it has signed a contract with Cortec USA to provide authorized repairs, specifically for Cortec’s Chokes, Valves, Manifolds and API accessories product range. The Authorized Repair Facility agreement will see Cortec’s customers send Cortec products to Weir’s Dubai facility to capitalize on Weir’s original equipment manufacturer repair and recertification status. […]

  • NUSANED™ SIGNS 3 MOU’S AT Future Investment Initiative (FII)

    Posted On November 8, 2019 - 12:40 PM | by Oil and gas press -

    SABIC leaders joined international partners and Saudi business leaders at the third annual Future Investment Initiative (FII) in Riyadh on October 30 and signed three MOUs with international partners through the company’s national initiative, Nusaned™. The foundation for the MoUs were laid through SABIC’s Local Content and Business Development Unit, and could generate nearly SR […]

  • Sudan and South Sudan Country Analysis Brief

    Posted On November 8, 2019 - 9:36 AM | by Oil and gas press -

    EIA has updated its country analysis Executive Summary for Sudan/South Sudan from the previous country analysis brief. The Executive Summary contains detailed information and updates to crude oil production, consumption, and exports as well as other significant changes in the countries’ energy sectors, and the Background Reference provides additional context to the Executive Summary. In […]

  • Hydrocarbon survey in Bida Basin, Nigeria

    Posted On November 7, 2019 - 12:43 PM | by Oil and gas press -

    The Department of Petroleum Resources (DPR), has commenced the radiometric survey of the Bida Basin, Niger State, in line with the federal government’s aspiration to diversify hydrocarbon exploration across all Nigerian basins. Source / More : The Guardian Nigeria Oil and Gas News Undiluted !!! “Oil is well” Please email us your industry related news […]

  • Biodegradable plastic market is forecasted to be more than US$ 6 Billion by 2026

    Posted On November 7, 2019 - 10:55 AM | by Renub Research -

    Biodegradable plastic is the best possible alternative for all traditional plastics used in various applications. Such plastics provide innovative solutions with improved properties, as well as distinctive ability to reduce emissions and provide the same performance and usability as conventional plastics. As a result, the rising demand for more sustainable plastic products provides an immense […]

  • CME Group Declares Quarterly Dividend

    Posted On November 7, 2019 - 10:38 AM | by Oil and gas press -

     CME Group Inc., the world’s leading and most diverse derivatives marketplace, today declared a fourth-quarter dividend of $0.75 per share, payable December 27, 2019, to shareholders of record as of December 10, 2019.

  • Seadrill Announces Contract Award for the West Tellus

    Posted On November 6, 2019 - 11:59 AM | by Oil and gas press -

    Seadrill Limited (“Seadrill”) has secured a two year contract with Petroleo Brasileiro S.A. (“Petrobras”) for the West Tellus in Brazil. Total contract value is expected to be approximately $170 million, inclusive of managed pressure drilling and ancillary services, with commencement expected in 4Q 2019, in direct continuation of its current contract with Petrobras. Source / […]

  • Greenhouse gas and other pollutant emissions intensity for the UK

    Posted On November 6, 2019 - 10:32 AM | by Oil and gas press -

    Between 1990 and 2018, greenhouse gas (GHG) emissions intensity for the UK fell by two-thirds. GHG emissions intensity of the energy supply industry fell by 69% from 1990 to 2018. Between 1990 and 2018, acid rain precursor emissions intensity for the UK fell by 88%, partly because of a decline in sulphur dioxide emissions from […]

  • NNPC Saves Over $3bn from Arbitrations

    Posted On November 6, 2019 - 10:02 AM | by Oil and gas press -

    Nigerian National Petroleum Corporation (NNPC) has saved over $3billion from arbitrations, the Corporation’s Group Managing Director, Mallam Mele Kyari, has disclosed. Mallam Kyari dropped the hint Tuesday in Abuja when he engaged staff of the corporation in a Town Hall meeting that also involved the participation of the corporation’s outstation-staff. The NNPC GMD gave kudos […]

  • Charge your electric car in just TEN MINUTES

    Posted On October 30, 2019 - 6:06 PM | by Oil and gas press -

    Fast-charging of electric vehicles is seen as key to their take-up, so motorists can stop at a service station and fully charge their car in the time it takes to get a coffee and use the toilet – taking no longer than a conventional break. It will tackle ‘range anxiety’, in which drivers fear running […]

  • Mahindra to acquire Peugeot Motocycles to drive sustainable growth

    Posted On October 30, 2019 - 10:26 AM | by Oil and gas press -

    Mahindra Two Wheelers Europe, a subsidiary of Mahindra & Mahindra Ltd. (M&M Ltd), part of the USD 20.7 billion Mahindra Group headquartered in Mumbai, India and Groupe PSA, today announced that Mahindra Two Wheelers Europe will acquire all outstanding shares in Peugeot Motocycles (PMTC). This reaffirms the commitment of the Mahindra Group to the future […]

  • Groupe PSA and FCA Group

    Posted On October 30, 2019 - 10:22 AM | by Oil and gas press -

    Following recent reports on a possible business combination between Groupe PSA and FCA Group, Groupe PSA confirms there are ongoing discussions aiming at creating one of the world‘s leading automotive Groups. Source / More : Groupe PSA Oil and Gas News Undiluted !!! “Sustainability is the new Green” Please email us your industry related news […]

  • Shell gets antitrust clearance for Cosan Biomassa deal

    Posted On October 29, 2019 - 5:34 PM | by Oil and gas press -

    Brazilian antitrust regulalor Cade gave the green light to the acquisition of a 81.5% stake in Cosan Biomassa by Anglo-Dutch oil and gas major Royal Dutch Shell Plc (AMS:RDSA). The approval was made without restrictions and published on today’s Official Gazette. Shell reportedly made the purchase through Raizen Energia, a joint venture between its local […]

  • Saudi Aramco initial public offering (IPO) Update

    Posted On October 29, 2019 - 12:23 PM | by Oil and gas press -

    Saudi Aramco is set to begin its long-planned initial public offering (IPO) on 3 November, according to a report. The Saudi Arabian oil giant will start the process of its stock market debut on that date after delaying the deal to give itself time to win over cornerstone investors, Reuters said today, citing three sources. […]

  • HALLIBURTON ANNOUNCES THIRD QUARTER 2019 RESULTS

    Posted On October 29, 2019 - 11:48 AM | by Oil and gas press -

    Halliburton Company (NYSE:HAL) announced net income of $295 million, or $0.34 per diluted share, for the third quarter of 2019. This compares to reported net income for the second quarter of 2019 of $75 million, or $0.09 per diluted share, and adjusted net income for the second quarter of 2019 of $303 million, or $0.35 […]

  • Offshore wind to become a $1 trillion industry

    Posted On October 29, 2019 - 11:18 AM | by Oil and gas press -

    Offshore wind power will expand impressively over the next two decades, boosting efforts to decarbonise energy systems and reduce air pollution as it becomes a growing part of electricity supply, according to an International Energy Agency report published today. Offshore Wind Outlook 2019 is the most comprehensive global study on the subject to date, combining the […]

  • GE to Digitize Dangote Cement Plants

    Posted On October 29, 2019 - 11:04 AM | by Oil and gas press -

    GE (NYSE: GE) and Africa’s leading cement producer Dangote Cement Plc (DangoteCement.com) signed an agreement to deploy GE’s Asset Performance Management (APM) digital solution to reduce unplanned downtime and enhance performance at its two cement plants in Obajana and Ibese, Nigeria. The project includes extending the current service agreement for an additional 50,000 operating hours […]

  • LUKOIL AND NNPC SIGN MoU

    Posted On October 29, 2019 - 10:53 AM | by Oil and gas press -

    President of PJSC LUKOIL Vagit Alekperov and Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele K Kyari signed a Memorandum of Understanding between the companies. Memorandum was signed today at the Russia-Africa economic forum in Sochi. According to the Memorandum, the parties intend to consider possible cooperation in the exploration, production and refining of […]

  • Tesco seals wind, solar deal with EDF Renewables

    Posted On October 28, 2019 - 5:49 PM | by Oil and gas press -

    Tesco Plc (LON:TSCO) has inked three off-take contracts with EDF Renewables for about 60 MW of onshore wind and rooftop solar power. Two of the newly-signed power purchase agreements (PPAs) are tied to 54 MW of wind power generating capacity in Scotland. More specifically, EDF Renewables will build two new wind farms to serve the […]

  • EU agree UK request for Brexit extension to 31 January

    Posted On October 28, 2019 - 4:41 PM | by Oil and gas press -

    EU leaders have agreed to extend Brexit with a flexible deadline to leave, in order to allow the UK to prepare to vote on proposals by Boris Johnson for an early general election on 12 December. This comes after PM Boris Johnson was unable to get a deal through Parliament by the original promised deadline […]

  • Lake Resources lithium

    Posted On October 28, 2019 - 9:20 AM | by Oil and gas press -

    Lake Resources NL (ASX:LKE) is located in the heart of the lithium triangle in South America where nearly half the world’s production is sourced and all of which is at the low-cost end of the lithium cost curve. Your company is transitioning to pre-production of lithium product in the coming financial year, as a developer […]

  • GoldFund.io Launch Gold Vending Machine

    Posted On October 28, 2019 - 9:16 AM | by Oil and gas press -

    GoldFund.io announces the launch of a CryptoCurrency Exchange that pairs their proprietary GFUN Token with Gold. Following the successful deployment of the “GoldFund Kiosk” at the Gold and Alternative Investments Conference in Sydney, GoldFund.io announced the launch of a new cryptocurrency exchange that will pair the exchange’s tokens against Gold. The Exchange is expected to […]

  • KONA Electric SUVs in California

    Posted On October 26, 2019 - 11:33 AM | by Oil and gas press -

    Hyundai is set to release a fleet of robo-taxis on the public streets of Irvine, California next week. Although the crossovers will be equipped with a self-driving system from Chinese startup Pony.ai, a human will be seated at the wheel during this trial. The South Korean carmaker is using what it deems ‘BotRide’ to study […]

  • HMRC clarifies IR35 rules

    Posted On October 24, 2019 - 4:33 PM | by Oil and gas press -

    HMRC said it will only apply the rules retrospectively in cases of suspected fraud or criminal behaviour. The off-payroll rules (IR35) are going to be extended across the private sector from April 2020, bringing larger companies under the regulatory framework, currently only mandatory in the public sector. Under changes which already apply to the public […]

  • Clean Sea Organization hosts first international oil spill conference

    Posted On October 24, 2019 - 3:17 PM | by Oil and gas press -

    At a regional meeting of oil companies to discuss methods for environmental stewardship last week, Saudi Aramco shared some of its best practices in the prevention of oil spills, and methods of environmental preservation. The First RECSO Enviro Spill Conference and Exhibition was hosted by the Regional Clean Sea Organization — a 13-member oil industry […]

  • Tesla sells a record 97,000 vehicles in 3rd quarter

    Posted On October 24, 2019 - 11:22 AM | by Oil and gas press -

    The positive results announced Wednesday came after Tesla lost $1.1billion during the first half of the year. Tesla’s shares recovered a big chunk of those losses after its third-quarter numbers came out, soaring by nearly 18% to $299.41 in extended trading. CEO Elon Musk vows to reach is goal of 360,000 vehicles by 2020 H […]

  • Third High-level Meeting of the OPEC-China Energy Dialogue

    Posted On October 23, 2019 - 3:51 PM | by Oil and gas press -

    The Third High-level Meeting of the OPEC-China Energy Dialogue was held in Vienna, Austria on 21 October 2019. The Meeting was co-chaired by HE Zhang Jianhua, Administrator of the National Energy Administration, People’s Republic of China and OPEC Secretary General, HE Mohammad Sanusi Barkindo. HE Dr. Sun Xiansheng, Secretary General, International Energy Forum, also delivered […]

  • Empire Energy Announce Northern Territory Operations Update

    Posted On October 23, 2019 - 9:59 AM | by Oil and gas press -

    Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide shareholders an update on its Northern Territory Beetaloo Sub-basin 2D Seismic acquisition program. EP187 2019 2D SEISMIC ACQUISITION PROGRAM Having obtained all required Northern Territory Government regulatory approvals, Empire has commenced the EP187 (Beetaloo Sub-basin) 2019 2D Seismic acquisition program. The ~231-line kilometres of 2D […]

  • World’s First Full-Scale Air Taxi VoloPort Unveiled in Singapore

    Posted On October 22, 2019 - 10:09 AM | by Oil and gas press -

    The world’s first full-scale air taxi vertiport has been unveiled today at the Intelligent Transport Systems (ITS) World Congress in Singapore. The VoloPort is the outcome of an exciting collaboration between Volocopter, the German urban air mobility and air taxi pioneer, and Skyports, the vertiport developer, owner and operator. Volocopter and Skyports announced today that […]

  • £1million zero-carbon eco-houses in Oxfordshire

    Posted On October 21, 2019 - 6:13 PM | by Oil and gas press -

    Britain’s ultimate zero-carbon neighbourhood is being built in Oxfordshire, with prices starting at a touch above £1million. The eco-friendly homes are being powered solely by electricity generated from roof-fitted solar panels, with batteries to store surplus power for later use. The properties, which are currently in the building phase, will also have mechanical ventilation and […]

  • NNPC Focused on Delivering Value to Nigerians

    Posted On October 21, 2019 - 3:52 PM | by Oil and gas press -

    The Nigerian National Petroleum Corporation (NNPC) has assured of its resolve to continue to delivere value across the entire value chain of the Oil and Gas Industry for the benefit of Nigerians and other stakeholders. A release by the Acting Group General Manager, the Group Public Affairs Division of the NNPC, Mr. Samson Makoji, stated […]

  • Neeraj Agrawal Appointed as McDermott Country Manager for India

    Posted On October 21, 2019 - 11:48 AM | by Oil and gas press -

    McDermott International, Inc. (NYSE: MDR) announced Neeraj Agrawal has been appointed to the position of Country Manager for India, leading 2,200 employees across Gurgaon, Chennai, Pune and Mumbai. “India is a growth market for McDermott with an immense engineering talent pool and opportunity to leverage McDermott’s technology-led, vertically integrated, turn-key engineering, procurement and construction (EPC) […]

  • Record-breaking 19-hour flight from New York to Sydney

    Posted On October 21, 2019 - 8:43 AM | by Oil and gas press -

    Qantas completed a record-breaking 19 hour and 16-minute flight, from New York to Sydney. The research flight carried a total of 49 passengers and crew and ran experiments to assess the health of those on board. The airline said they had monitored “pilot brain waves, melatonin levels and alertness”. The world’s longest flight also tested […]

  • ADNOC Pursues Smart Growth and Drives Responsible Production

    Posted On October 17, 2019 - 12:11 PM | by Oil and gas press -

    The Abu Dhabi National Oil Company (ADNOC) is creating new opportunities for partnerships and investments as it pursues a balanced smart growth strategy and drives responsible production to reliably meet the world’s growing energy demand, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO. Speaking in London […]

  • ExxonMobil expands low-emissions technology research

    Posted On October 17, 2019 - 9:51 AM | by Oil and gas press -

    ExxonMobil said that it has signed agreements with the Indian Institute of Technology locations in Madras and Bombay, further expanding its extensive portfolio of research collaboration with India’s universities. The five-year agreements focus on progressing research in biofuels and bio-products, gas transport and conversion, climate and environment, and low-emissions technologies for the power and industrial […]

  • Internal corrosion in pipelines

    Posted On October 15, 2019 - 11:31 AM | by Oil and gas press -

    Tackling corrosion: A $2.5 trillion problem globally Internal corrosion in pipelines is one of the most significant challenges facing Saudi Aramco on a daily basis, more than 200 attendees from Saudi Aramco organizations were told recently at a forum and exhibition. Mohammad A. Al Hatlani, general manager of Pipelines, opened the Internal Corrosion Forum, noting […]

  • Blackham Resources, Wiluna West in JV Agreement

    Posted On October 15, 2019 - 9:42 AM | by Oil and gas press -

    Blackham Resources Ltd (ASX:BLK) announced that it has signed a Joint Venture Agreement (JVA) with GWR Group Ltd (ASX:GWR) to mine the Wiluna West Gold Project. The JVA builds upon the Binding Heads of Agreement, see ASX release dated 23rd November 2018. Highlights Joint Venture for the development, mining and processing of gold deposits within […]

  • Rig Count Overview & Summary Count

    Posted On October 15, 2019 - 8:02 AM | by Oil and gas press -

    Area Last Count Count Change from Prior Count Date of Prior Count Change from Last Year Date of Last Year’s Count U.S. 11 Oct2019 856 +1 4 Oct2019 -207 12 Oct2018 Canada 11 Oct2019 146 +2 4 Oct2019 -49 12 Oct2018 International Sept2019 1,131 -7 Aug2019 +127 Sept2018 Source / More : Baker Hughes Oil […]

  • Kosmos Innovation Center program

    Posted On October 15, 2019 - 7:53 AM | by Oil and gas press -

    The numbers are staggering when it comes to agriculture in Ghana: the sector represents more than 50 percent of the country’s GDP, accounts for over 40 percent of export earnings, and meets over 90 percent of Ghanaian food needs(1). It’s these statistics that led to the idea for the Kosmos Innovation Center—an idea that came […]

  • Senegal to launch oil licensing round on November 4th

    Posted On October 14, 2019 - 4:02 PM | by Oil and gas press -

    Senegal has delayed the launch of an oil and gas licensing round due on Wednesday until Nov. 4 as contract documents still need to be finalised, oil minister Mahamadou Makhtar Cisse said. “We need to ensure the legal framework for investors,” he reportedly told Reuters on the sidelines of an oil and power conference in […]

  • Insurance implications of the latest Middle East oil tanker crisis

    Posted On October 14, 2019 - 3:11 PM | by Oil and gas press -

    Amidst heightened tensions in the Middle East, an Iranian oil tanker ‘Sinopa’ has been damaged by what Iranian media said was a rocket attack. Whilst the explosion caused an oil spill into the Red Sea, this was brought under control, according to Iranian news agency, IRNA and the crew was reported to be safe. However, […]

  • ENGIE and Heliox sign electric mobility service contracts across Europe

    Posted On October 11, 2019 - 4:28 PM | by Oil and gas press -

    ENGIE has signed a service framework agreement with Heliox, the global market leader in fast charging electric systems for the public transport sector. ENGIE will provide installation, operation and maintenance services for Heliox’s electric bus charging infrastructure. The partnership covers 9 European countries: the Czech Republic, Germany, Greece, Italy, Portugal, Romania, Spain, the Netherlands and […]

  • Geophysicists look to artificial intelligence in digital transformation era

    Posted On October 11, 2019 - 3:11 PM | by Oil and gas press -

    The future of geophysics and how the world’s surface and subsurface is viewed increasingly depends on the speed of technology to gather, process, and interpret data to make energy exploration business decisions. More than 7,000 geoscientists gathered at the Society of Exploration Geophysicists’ (SEG) International Exposition and 89th annual meeting in San Antonio in mid-September […]

  • Sempra to sell its Peruvian business to China Yangtze for $3.59 billion

    Posted On October 11, 2019 - 1:29 PM | by Oil and gas press -

    Sempra Energy (NYSE: SRE) announced that it has entered into an agreement to sell its equity interests in its Peruvian businesses, including its 83.6% stake in Luz del Sur S.A.A. (Luz del Sur), to China Yangtze Power International (Hongkong) Co., Limited (CYP). Sempra Energy’s interests will be sold for $3.59 billion in cash, subject to […]

  • Oil prices up

    Posted On October 11, 2019 - 11:40 AM | by Oil and gas press -

    Oil prices rallied on the news that two rockets have hit and damaged Sabity, an Iranian oil tanker in Red Sea near a Saudi Arabian port city. WTI crude up 2.11 per cent to $54.68 Brent crude up 2.22 per cent to $60.41. OPEC daily basket price stood at $58.71 a barrel Thursday, 10 October […]

  • Ecuador Declares Force Majeure On All Oil Operations

    Posted On October 11, 2019 - 11:20 AM | by Oil and gas press -

    Ecuador’s state-run oil company, declared on Wednesday a force majeure on all oil trading operations, according to an evening Tweet by Petroecuador, citing mass protests that have disrupted the country’s oil industry. Petroecuador also said that it had completely shut down the TransEcuadorean Pipeline System known as SOTE, which normally carries 360,000 barrels per day, […]

  • Self-employed provide most jobs worldwide, new ILO report says

    Posted On October 11, 2019 - 10:36 AM | by Oil and gas press -

    Self-employment, micro and small enterprises play a far more important role in providing jobs than previously believed, according to new International Labour Organization (ILO) estimates. Data gathered in 99 countries found that these so-called ‘small economic units’ together account for 70 per cent of total employment, making them by far the most important drivers of […]

  • Liquefied Natural Gas Ltd 2019 Annual Report

    Posted On October 11, 2019 - 8:44 AM | by Oil and gas press -

    Liquefied Natural Gas Ltd   (ASX:LNG) maintains its confidence in delivering an FID on Magnolia LNG, for the following reasons: – Global appetite for significant new sources of LNG in the 2020s remains absolute; – Feedback from buyers supports the competitiveness of Magnolia LNG’s commercial offering; – Magnolia LNG’s smaller capacity size enables achievement of […]

  • NEBOSH signs MoU with Mental Health UK

    Posted On October 11, 2019 - 8:13 AM | by Oil and gas press -

    To mark World Mental Health Day 2019 NEBOSH has announced plans to work with Mental Health UK. The memorandum of understanding, which was signed at a reception at the House of Lords last month, will see NEBOSH and the charity explore ways that the two organisations can work together to help address mental health within […]

  • RECORD NUMBERS FOR TANK STORAGE ASIA 2019

    Posted On October 9, 2019 - 4:27 PM | by Oil and gas press -

    Tank Storage Asia 2019 boasted record visitor numbers this September, as terminals, traders, petrochemical producers and equipment suppliers gathered in Singapore. The event saw a 35% increase in visitors this year, attracted by a strong conference line-up, new one- to-one networking opportunities and a whole host of ground-breaking technologies on the show floor. Over 50 […]

  • NNPC Says Petroleum Legislation Will Give Focus to Oil and Gas Industry

    Posted On October 9, 2019 - 1:10 PM | by Oil and gas press -

    In a bid to accelerate Foreign Direct Investment (FID), the Nigerian National Petroleum Corporation (NNPC) has expressed the determination of the Federal Government to work with the National Assembly and all other stakeholders to pass the long awaited petroleum legislation considered to be capable of providing a win-win scenario for all players in the Oil […]

  • IMF Statement on Ecuador

    Posted On October 9, 2019 - 10:09 AM | by Oil and gas press -

    The reforms announced yesterday by President Lenin Moreno aim to improve the resilience and sustainability of Ecuador’s economy and foster strong, and inclusive growth. The announcement included important measures to protect the poor and most vulnerable, as well as to generate jobs in a more competitive economy. The authorities are also working on important reforms […]

  • CME Group to Launch E-mini S&P 500 ESG Index Futures

    Posted On October 8, 2019 - 6:14 AM | by Oil and gas press -

    CME Group, the world’s leading and most diverse derivatives marketplace, today announced it will launch E-mini S&P 500 ESG Index futures, a new risk management tool that aligns with environmental, social and governance (ESG) values. The new futures contracts will be available for trading on Nov. 18, 2019, pending regulatory review. “A growing number of […]

  • Ecuador to quit OPEC

    Posted On October 7, 2019 - 4:16 PM | by Oil and gas press -

    Ecuador announced last week it will withdraw from OPEC in January, due to financial problems facing the South American country. “The Ecuadoran government has decided to cease to belong to the Organisation of Petroleum Exporting Countries (OPEC) from January 1, 2020,” the ministry of Energy and Non-Renewable Natural Resources said in a statement. Ecuador’s President […]

  • Bot companies creating millionaires in India

    Posted On October 4, 2019 - 4:42 PM | by Oil and gas press -

    The numbers of bot millionaires, including in India, are rising rapidly as valuations of RPA firms like UiPath and BluePrism soar. Times of India reports. A bot (short for “robot”) is an automated program that runs over the Internet. Some bots run automatically, while others only execute commands when they receive specific input. There are […]

  • Aldinga East-1A, spudded

    Posted On October 4, 2019 - 9:22 AM | by Oil and gas press -

    State Gas Limited (ASX:GAS) (“State Gas” or “the Company”) is pleased to advise that the first well in its 2019 drilling program, Aldinga East-1A, was spudded at 10.15am this morning, 4 October 2019. The well is being drilled by Gas Field Services Rig 12 to a planned total depth of 1200m. The well will investigate […]

  • CME Group Averaged 20.2 Million Contracts Per Day in Third-Quarter 2019

    Posted On October 2, 2019 - 1:00 PM | by Oil and gas press -

    CME Group reached average daily volume (ADV) of 20.2 million contracts during third-quarter 2019, up 30% from third-quarter 2018. September 2019 volume averaged 19.7 million contracts per day, up 13% from September 2018. Open interest (OI) at the end of September was 127 million contracts, up 10% from year-end 2018 and up 6% from September […]

  • What is Climate Change? Is Climate Change and Global Warming one and the same?

    Posted On October 1, 2019 - 6:19 PM | by Oil and gas press -

    How much evidence exists that proves climate change is really happening? The IPCC reveals straightforward facts that tell it all. Statistics The warming trend during the middle of the 20th century is particularly significant. This is because there is more than a 95% likelihood that the leading cause is human activities. Global temperatures have risen […]

  • GE Energy Delivers Corporate PPA to Google

    Posted On October 1, 2019 - 4:32 PM | by Oil and gas press -

    GE Renewable Energy announced the signature of a Corporate Power Purchase Agreement (PPA) to sell energy from the Björkvattnet Onshore Wind Farm to Google. GE Renewable Energy originated and negotiated the Power Purchase Agreement (PPA) to sell the majority of the power generated by the wind farm to match the consumption of Google’s data centers […]

  • Magnolia LNG ‘s Supplemental Environmental Impact Statement

    Posted On September 30, 2019 - 8:58 AM | by Oil and gas press -

    Liquefied Natural Gas Limited (ASX:LNG) advised that the United States Federal Energy Regulatory Commission (FERC) issued the Draft Supplemental Environmental Impact Statement (DEIS) for the production capacity amendment to the Company’s Magnolia LNG LLC (Magnolia LNG) project on 27 September 2019. Magnolia LNG’s production capacity amendment, filed with FERC on 19 November 2018, would increase […]

  • IMF Staff Concludes Visit to Equatorial Guinea

    Posted On September 27, 2019 - 3:59 PM | by Oil and gas press -

    An IMF mission, led by Lisandro Ábrego, visited Malabo during Sep 16-27 to conduct the second and final review of the SMP and negotiate a three-year program supported by the EFF. At the conclusion of the visit, Mr. Ábrego issued the following statement in Malabo: “The authorities and the mission reached staff-level agreement to complete […]

  • ExxonMobil contributes $350,000 to Imelda Relief

    Posted On September 27, 2019 - 2:28 PM | by Oil and gas press -

    ExxonMobil is contributing $200,000 to United Way of Beaumont and North Jefferson County, which is working with 20 nonprofit agencies in the area to provide food, shelter, counseling and other assistance to people affected by the tropical storm Imelda in the Beaumont and greater Houston areas in Texas.. ExxonMobil also is directing $150,000 to the […]

  • NEC Provides Energy Storage Solution to SP Group’s Hybrid Energy Storage Pilot

    Posted On September 27, 2019 - 11:30 AM | by Oil and gas press -

    NEC Energy Solutions and NEC Asia Pacific jointly revealed today that NEC provided its 400kW, 400kWh GSS end-to-end Grid Storage Solution and AEROS proprietary energy storage controls software as part of SP Group’s innovative hybrid system which recently received the Singapore Minister for National Development’s R&D Merit Award at the 2019 Urban Sustainability R&D Congress. […]

  • Speedcast Awarded Contract in Iraq

    Posted On September 27, 2019 - 11:21 AM | by Oil and gas press -

    Speedcast International Limited (ASX:SDA), the world’s most trusted provider of remote communication and IT solutions, today announced that the company has been awarded a new multi-year contract with an Oil & Gas engineering services customer for fully managed internet services and IT support across the company’s base in Iraq. This company is an existing customer […]

  • Nissan and ex-CEO pay $16m to settle SEC fraud charges

    Posted On September 25, 2019 - 3:32 PM | by Oil and gas press -

    Nissan has paid $15m (£12m), and its former CEO Carlos Ghosn has paid $1m and been given a 10-year company officer ban, to settle fraud charges brought by the Securities and Exchange Commission (SEC) relating to failure to disclose over $140m of pay and benefits The US regulator said that from 2004, Nissan’s board delegated […]

  • Beijing Daxing International Airport Opens for Business

    Posted On September 25, 2019 - 1:48 PM | by Oil and gas press -

    Chinese president Xi Jinping has presided over the inauguration of a second international airport for Beijing with a terminal billed as the world’s biggest. Beijing Daxing International Airport, built in less than five years for 120 billion yuan (£13.5 billion/$16.8 billion), is designed to handle 72 million passengers a year.The airport is 30 miles south […]

  • ENGIE transforms its support processes

    Posted On September 24, 2019 - 1:27 PM | by Oil and gas press -

    To offer the best experience to its clients, employees and partners, starting on October 1st 2019, ENGIE will be implementing an ambitious programme to transform and standardise its support processes in an End-to-End approach. The “End-to-End” support processes transformation programme is designed to help ENGIE’s ambition of agility and competitiveness, in line with its strategy. […]

  • UK Supreme Court rules that move to prorogue parliament was unlawful

    Posted On September 24, 2019 - 11:55 AM | by Oil and gas press -

    Supreme Court judges ruled unanimously he illegally prorogued Parliament in an ‘extreme’ move to ‘frustrate’ debate on Brexit. In an eviscerating judgment President Lady Hale said the Prime Minister’s decision to ask the Queen to shut down the Commons for five weeks was ‘unlawful, void and of no effect’. UK’s 11 most senior judges found […]

  • Deep Yellow approve additional $1.1M budget to Reptile Project

    Posted On September 24, 2019 - 9:47 AM | by Oil and gas press -

    Specialist advanced uranium exploration company, Deep Yellow Limited (ASX:DYL) announced the Board has approved an additional $1.1M budget to advance the Company’s Reptile Project (‘the Project’) in Namibia and determine its economic feasibility in a staged manner. The $1.1M is in addition to the existing FY20 Reptile Project budget of $1.65M. The success of the […]

  • State Gas Update on Supreme Court Proceedings

    Posted On September 24, 2019 - 9:39 AM | by Oil and gas press -

    Brisbane-based gas developer State Gas Limited (ASX:GAS) refers to its announcement on 16 September 2019 regarding the outcome of proceedings in the Supreme Court of Queensland between the Company and its former joint venture partner, Dome Petroleum Resources Plc (Dome). As advised in that announcement, the Court ordered Dome to execute documentation as may be […]

  • NNPC signs $875.75m deal with petroleum dev company

    Posted On September 23, 2019 - 5:52 PM | by Oil and gas press -

    The Nigerian National Petroleum Corporation says it has signed an $875.75m funding and technical services agreement and alternative financing deal for the Oil Mining Lease (OML) 65 operated by Nigerian Petroleum Development Company. The Corporation in a statement by its spokesman, Mr. Ndu Ughamadu in Abuja on Sunday, said it signed the deal with CMES-OMS […]

  • NNPC Begins Full Rehabilitation of All Refineries

    Posted On September 23, 2019 - 5:45 PM | by Oil and gas press -

    The nation’s refineries, located in Port Harcourt, Warri and Kaduna, will roar to live to refine crude oil at optimum capacity come 2022, the Nigerian National Petroleum Corporation (NNPC), has assured. NNPC Group Managing Director, Mallam Mele Kyari, who disclosed this Saturday during a facilities tour of the Port-Harcourt Refining and Petrochemical Company (PHRC), stated […]

  • Lake Resources announce Pre-production at Kachi with Pilot Plant Construction

    Posted On September 23, 2019 - 4:23 PM | by Oil and gas press -

    Lithium explorer and developer Lake Resources NL (ASX:LKE)(FRA:LK1) announced today plans for pre-production in early 2020 of initial lithium products from its flagship Kachi Lithium Brine Project in Argentina, using a pilot plant under construction with delivery to site expected soon after calendar year-end. The pilot plant, which has been designed by Silicon Valley-backed Lilac […]

  • Petronet LNG and Tellurian in gas deal

    Posted On September 23, 2019 - 4:21 PM | by Oil and gas press -

    Petronet LNG Limited has signed a Non-binding Memorandum of Understanding (MOU) with Tellurian Inc. on September 21, 2019 at Houston, USA wherein the Company and its affiliates will like to explore possibility of purchase of up to 5 Million Tonnes Per Annum (5 MTPA) of liquefied natural gas (LNG) from Driftwood project concurrent with equity […]

  • World Media Delegation Pay Visit to Saudi Aramco Oil Plants

    Posted On September 20, 2019 - 6:06 PM | by Oil and gas press -

    25 news outlets represented by as many as 80 journalists, on Friday, took a tour at oil facilities damaged by the sabotage attacks. The delegation met with various Saudi Aramco senior staff, engineers and workers, and saw endeavors exerted by the company to refunction the damaged facilities, attain production objectives. The world press delegation was […]

  • California’s Continued focus on Electric Vehicle (EV’s)

    Posted On September 20, 2019 - 4:55 PM | by Oil and gas press -

    California passed six EV-related bills this legislative session, but its zero emissions vehicle rebate program could be threatened by EPA’s actions California lawmakers made progress on advancing the state’s electric vehicle market this legislative session, despite President Donald Trump’s Wednesday announcement that his administration intends to challenge the state’s ability to regulate greenhouse gas emissions […]

  • Bill Gates tells FT divestment from fossil fuels is not the answer

    Posted On September 20, 2019 - 4:44 PM | by Oil and gas press -

    In an interview published in the Financial Times on 17 September, Microsoft co-founder and prominent philanthropist Bill Gates says divestment from fossil fuels is not the solution to combatting climate change. Instead, he points to what he calls disruptive technologies and cutting-edge private sector energy companies as the most effective methods for reducing carbon emissions. […]

  • Petrofac secures maintenance services contract for ADNOC’s Al Dhafra Petroleum

    Posted On September 20, 2019 - 1:01 PM | by Oil and gas press -

    Petrofac’s Engineering & Production Services (EPS) division has been awarded a contract to provide managed maintenance services for ADNOC’s Al Dhafra Petroleum to support its operations at Haliba field, located onshore along the south-east border of Abu Dhabi. Al Dhafra Petroleum is a joint venture company between ADNOC and the Korea National Oil Corporation and […]

  • P&ID wins US $9.6bn arbitration award against Nigeria in UK court

    Posted On September 19, 2019 - 7:22 PM | by Oil and gas press -

    Process and Industrial Development (P&ID) is a sole purpose company founded in 2006 by Michael Quinn and Brendan Cahill, who have a long track-record of successful public works projects in Nigeria. P&ID and Nigeria entered into a 20-year Agreement – known as the Gas Supply and Processing Agreement (GSPA) – to refine natural gas for […]

  • August 2019 Rig Counts

    Posted On September 19, 2019 - 4:13 PM | by Oil and gas press -

    Baker Hughes, a GE company (NYSE: BHGE) announced that the Baker Hughes international rig count for August 2019 was 1,138, down 24 from the 1,162 counted in July 2019, and up 130 from the 1,008 counted in August 2018. The international offshore rig count for August 2019 was 244, down 11 from the 255 counted […]

  • BPH Energy, Advent Energy confirms Licence renewal

    Posted On September 19, 2019 - 9:14 AM | by Oil and gas press -

    BPH Energy Limited (ASX:BPH) is pleased to advise that investee Advent Energy Ltd has been granted a renewal of Retention Licence 1 (RL1) in the Northern Territory by the NT Department of Primary Industry and Resources for a five-year term concluding in July 2023. Advent, through its wholly owned subsidiary Onshore Energy Pty Ltd, holds […]

  • Zion to begin seismic data acquisition

    Posted On September 19, 2019 - 9:08 AM | by Oil and gas press -

    3-D Seismic Equipment on Zion’s Location and Seismic Survey Set to Begin Zion to begin seismic data acquisition over 72 square kilometers on its Megiddo-Jezreel license by the beginning of next week. Source / More : Zion Oil & Gas Oil and Gas News Undiluted !!! “Oil is well” Please email us your industry related […]

  • Neste’s Shareholders’ Nomination Board appointed

    Posted On September 18, 2019 - 8:30 AM | by Oil and gas press -

    The following members have been appointed to Neste’s Shareholders’ Nomination Board: The Chair, Director General Kimmo Viertola of the Ownership Steering Department in the Prime Minister’s Office of Finland; Deputy CEO, Investments Reima Rytsölä of Varma Mutual Pension Insurance Company; President and CEO Jouko Pölönen of Ilmarinen Mutual Pension Insurance Company and Matti Kähkönen, the […]

  • Hess Named to Dow Jones Sustainability Index (DJSI) N. America

    Posted On September 17, 2019 - 5:45 PM | by Oil and gas press -

    Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the tenth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies in […]

  • Etihad Stadium leading the way toward greener future

    Posted On September 16, 2019 - 1:40 PM | by Oil and gas press -

    A new study from FOOTY.com has named the Etihad the greenest stadium in the world. The study, which scored the stadiums of domestic winners for their eco-incentives, found the UK’s Man City ground to be doing the most to make the world a more environmentally friendly place. Out of a possible score of 90, the […]

  • Crude prices Rise

    Posted On September 16, 2019 - 12:53 PM | by Oil and gas press -

    The price of OPEC basket of fourteen crudes stood at $60.02 a barrel on Friday, compared with $60.51 the previous day, according to OPEC Secretariat calculations. Oil prices surged Monday after an attack on Saudi Arabia’s largest oil processing plant halted output of more than 5.7 million barrels of crude a day. WTI U.S. crude […]

  • Drone attack on Saudi Arabia is a ‘turning point’ for world fuel supplies

    Posted On September 16, 2019 - 10:34 AM | by Oil and gas press -

    The drone attacks on a refinery and an oil field in Saudi Arabia disrupted the supply of some 5.7million barrels per day, or 5 per cent of global supply, with experts warning that petrol prices could rise by up to 24 cents per gallon in the US and four pence per litre in the UK […]

  • Shale Slowdown Affects U.S. Oil & Gas Jobs

    Posted On September 16, 2019 - 10:13 AM | by Oil and gas press -

    The US economy is rapidly deteriorating and currently experiencing a growth rate cycle downturn in employment, industrials, and inflation. One reason for the slowdown could be due to the oil and gas industry. Reuters reports oil and gas employment has declined as producers and service firms quickly cut back on operations due to a sharp […]

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