Tag Archive

Eni starts production of Baltim South West field offshore Egypt

Eni starts production of Baltim South West field offshore Egypt

September 17, 2019 No Comments

Eni announces the successful commissioning and start-up of production of the offshore Baltim South West gas field in Egypt. Discovered by Eni in June 2016, the field goes on-stream in a record time, just 19 months after the final investment decision (FID) was approved in January 2018. This result further confirms the success of the […]

Gas discovery in the Norwegian Sea

Gas discovery in the Norwegian Sea

September 17, 2019 No Comments

Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea. Recoverable resources are estimated at 8–14 million standard cubic metres of oil equivalent, corresponding to 50–88 million barrels of oil equivalent (boe). “This is good news. The Ørn discovery proves […]

Ten selected for Equinor’s Techstars Energy Accelerator 2019

Ten selected for Equinor’s Techstars Energy Accelerator 2019

August 27, 2019 No Comments

Equinor today announced the second class of global start-up companies selected to participate in the Techstars Energy Accelerator. Three Norwegian companies participate in the programme. The ten start-up companies have been selected from hundreds of applicants across 42 countries. Through an intensive 13-week programme they will seek to accelerate their solution by tapping into a […]

BP and Eni sign exploration agreement in Oman

BP and Eni sign exploration agreement in Oman

July 31, 2019 No Comments

BP and Eni today signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sultanate of Oman. Block 77 covers a total area of over 2,700 square kilometres. BP and Eni will each hold a 50% interest in the EPSA, with Eni […]

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Eni presents the 18th edition of the World Oil, Gas and Renewables Review

Eni presents the 18th edition of the World Oil, Gas and Renewables Review

July 29, 2019 No Comments

Eni has released the 18th edition of the World Oil, Gas and Renewables Review, the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on […]

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NNPC Records Trading Surplus of N6.33billon in May

NNPC Records Trading Surplus of N6.33billon in May

July 22, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N6.33 billon for the month of May 2019, a figure which is 13 per cent higher than the N5.60 billion surplus posted in the preceding month of April 2019. Details of the report contained in the May 2019 edition of the NNPC Monthly […]

Saudi Aramco awards contracts valued at $18 billion

Saudi Aramco awards contracts valued at $18 billion

July 10, 2019 No Comments

Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and 2.5 billion standard cubic feet a day […]

Finboot Secures Cornerstone Repsol Investment and Blockchain Solution Contract

Finboot Secures Cornerstone Repsol Investment and Blockchain Solution Contract

July 3, 2019 No Comments

Finboot, a leading software innovation group creating enterprise-level products, announces that it has secured an investment from global energy giant Repsol as part of its latest fundraise, in addition to securing a commercial contract with the company. Repsol has acquired a c.8% stake in the company through its strategic investment fund. The funds will be […]

Machine learning technology to extend offshore asset life

June 19, 2019 No Comments

The productive life of an oil and gas platform could be significantly extended through a transformative machine learning solution that will contribute to maximising economic recovery from the UK Continental Shelf (UKCS) by predicting equipment failure. <a href=”http://www.spartansolutions.com/news”>Spartan Solutions Ltd</a> , a world-class software company, is leading a project to develop a machine learning software […]

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Training gives motivation, increased understanding and improved team capability

June 19, 2019 No Comments

Here at Patriot International we believe training to be one of the most important commodities in the industry, both for the individual and the company. Training gives motivation, increased understanding and improved team capability. Through training we develop personally and therefore are able to contribute more towards the growth and the innovation of our respective […]

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