Tag Archive

African Energy Chamber Applauds Angola’s Membership in GECF

African Energy Chamber Applauds Angola’s Membership in GECF

November 15, 2018 No Comments

The Gas Exporting Countries Forum has been at the forefront of promoting the use of natural gas as an affordable and sustainable fuel of choice for sustainable development. African countries rallying around the drive of Equatorial Guinea’s Mines and Hydrocarbon Minister, Gabriel Mbaga Obiang Lima’s drive to monetize gas and engage with OPEC and GECF […]

Oil Price Manipulation must stop!!

Oil Price Manipulation must stop!!

November 13, 2018 No Comments

The headlines across the world today read….’Oil prices rise as Saudi Arabia signals production cut’, ”Oil price rises as Saudi Arabia pledges supply cut” , ” Saudi Arabia is reducing oil supply and OPEC may cut too” ”Saudi Arabia’s Call for an Output Cut Pushes Oil Prices Higher” They want to reduce oil supply by […]

The ongoing refinancing efforts of Fred. Olsen Energy ASA (“FOE”)

The ongoing refinancing efforts of Fred. Olsen Energy ASA (“FOE”)

November 6, 2018 No Comments

As part of the refinancing process, FOE has presented to its stakeholders a new refinancing proposal for FOE, comprising the following key elements: 1. The sale of the company’s drilling unit Bolette Dolphin. 2. The issuance of new equity in the amount of approximately 130-140 MUSD in consideration of approximately 89% of FOE’s share capital, […]

Cenovus Announce third-quarter Results

Cenovus Announce third-quarter Results

October 31, 2018 No Comments

Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) generated more than $700 million of free funds flow and nearly $1 billion in adjusted funds flow in the third quarter, driven by exceptional operating performance in its oil sands and refining and marketing businesses. Oil sands production exceeded 376,000 barrels per day (bbls/d) with record-low operating costs […]

Esanda Engineering Announce New SPE London Ticket Giveaway

Esanda Engineering Announce New SPE London Ticket Giveaway

October 30, 2018 No Comments

Esanda Engineering has announced a brand new competition in conjunction with the Society of Petroleum Engineers (SPE) London Section. Esanda is an independent upstream oil and gas training and consultancy company, and they are proud sponsors of the SPE. Their competition offers two winners a free ticket to attend the prestigious SPE ‘Introduction to Oil […]

ENERGY NEWSTRACK TO 12/09/18

ENERGY NEWSTRACK TO 12/09/18

September 12, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $76.02 a barrel on Tuesday, 11 September 2018, compared with $75.20 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi […]

ABB Boss discusses e-mobility, renewables and energy efficiency with India’s Prime Minister

ABB Boss discusses e-mobility, renewables and energy efficiency with India’s Prime Minister

September 11, 2018 No Comments

ABB CEO Ulrich Spiesshofer met India’s Prime Minister, Narendra Modi, in New Delhi during the MOVE Summit on 7th September. Spiesshofer’s talks with the Prime Minister focused on how ABB can support the government’s renewable energy targets, and accelerate public transportation’s transition to electric power. “By embracing e-mobility now, India can leapfrog other nations and […]

Aker BP and Google

Aker BP and Google

August 31, 2018 No Comments

Aker BP and Google demonstrates how digital solutions has started to reconstruct the oil industry. Watch Aker BP’s CEO, Karl Johnny Hersvik on stage with Google’s Darryl Willis, VP Oil, Gas, and Energy, Google Cloud. They are speaking together and demonstrating Cognite’s data platform at ONS2018 in Stavanger Source / Video : Aker BP Oil […]

Kosmos Energy Acqires  Deep Gulf Energy for $1.225 Billion

Kosmos Energy Acqires Deep Gulf Energy for $1.225 Billion

August 7, 2018 No Comments

Kosmos Energy announced that the company has entered into an agreement to acquire Deep Gulf Energy (“DGE”)1, a leading deepwater company operating in the Gulf of Mexico, from First Reserve and other shareholders for a total consideration of $1.225 billion, subject to certain adjustments. By acquiring DGE, Kosmos adds to its deepwater Atlantic Margin portfolio […]

TEPCO & MHPS Launch Digital Solution Service

TEPCO & MHPS Launch Digital Solution Service

July 13, 2018 No Comments

TEPCO Fuel & Power, Inc. (TEPCO FP) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have begun providing a digital solution service for the Pagbilao Power Station(1) operated by TeaM Energy Corporation in the Philippines. TEPCO FP and MHPS have been working towards commercialization of operations and maintenance (O&M) solutions services for power plants since concluding […]

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