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ExxonMobil Announces Successful Muruk Sidetrack Production Test

ExxonMobil Announces Successful Muruk Sidetrack Production Test

June 15, 2017 No Comments

Exxon Mobil Corporation (NYSE:XOM) announced positive production well test results from the Muruk 1 sidetrack 3 well in the Papua New Guinea North Highlands located about 13 miles (21 kilometers) northwest of the Hides gas field. The well successfully flowed gas at a rate of 16 million standard cubic feet per day. The well rate […]

GAZPROM NEFT SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH SIEMENS

GAZPROM NEFT SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH SIEMENS

June 5, 2017 No Comments

Gazprom Neft and Siemens AG have signed a Strategic Partnership Agreement at this year’s St Petersburg International Economic Forum, with the document being signed by Gazprom Neft CEO and Chairman of the Management Board Alexander Dyukov and Siemens AG President Joe Kaeser. The parties intend to cooperate in energy, production, transportation, refining , and developing […]

Diesel vehicles will “disappear from roads much faster than expected.”

Diesel vehicles will “disappear from roads much faster than expected.”

June 1, 2017 No Comments

Let’s not rush with diesel According to recent estimates, there will be a stop to diesel-fueled traffic. The resistance to diesel increased before Easter, when Elżbieta Bieńkowska, EU Commissioner for Industry and Entrepreneurship, predicted that diesel vehicles will “disappear from roads much faster than expected.” Can it be that we need to stop using diesel? […]

Neste Jacobs awarded EPCM services contract

Neste Jacobs awarded EPCM services contract

May 31, 2017 No Comments

Neste Jacobs, a global solution provider of high-quality technology, engineering and project services and Haltermann Carless, a well-established HCS Group brand and leading provider of high-value specialty hydrocarbons, have signed an EPCM services contract. Neste Jacobs will perform the EPCM services for an upgrade and expansion of the Haltermann Carless’ production site in Speyer, Germany. […]

IMF Staff Completes 2017 Article IV Visit to Oman

IMF Staff Completes 2017 Article IV Visit to Oman

May 18, 2017 No Comments

An International Monetary Fund (IMF) team led by Allison Holland visited Muscat from May 3-16 to hold the 2017 Article IV consultation discussions with Oman. At the conclusion of the visit, Ms. Holland made the following statement: “We have had constructive discussions with the authorities over the past two weeks. The authorities recognize that the […]

Moody’s affirmed PGNiG’s Baa3 issuer rating with stable outlook

Moody’s affirmed PGNiG’s Baa3 issuer rating with stable outlook

May 17, 2017 No Comments

In its ratings rationale, Moody’s indicated strong financial standing of GK PGNiG, stable cash flows stemming from Distribution and Storage segments’ activities, as well as the Group’s dominant position on the Polish natural gas market. The stable rating outlook reflects Moody’s expectation that PGNiG’s financial ratios will remain well positioned. The agency positively evaluated PGNiG’s […]

Saipem awarded new EPCI contract by ExxonMobil in Guyana

Saipem awarded new EPCI contract by ExxonMobil in Guyana

May 11, 2017 No Comments

Saipem has been awarded a new EPCI contract for the SURF package of the proposed Liza project operated by Esso Exploration and Production Guyana Limited, an affiliate of ExxonMobil. Located approximately 120 miles offshore Guyana at a water depth of 1,800 metres, the Liza field is a subsea development with a recoverable resource estimate of […]

Repsol earned a net income of 689 million euros in the first quarter of 2017

Repsol earned a net income of 689 million euros in the first quarter of 2017

May 11, 2017 No Comments

Repsol achieved net income of 689 million euros in the first quarter of 2017, 59% greater than the 434 million euros obtained in the same period last year. This increase can be attributed to improvements to the resilience and flexibility of the company’s business activity in the current environment of low prices. During the quarter, […]

Kosmos Announces Major Gas Discovery Offshore Senegal

Kosmos Announces Major Gas Discovery Offshore Senegal

May 9, 2017 No Comments

Kosmos Energy (NYSE: KOS) announced today a major gas discovery offshore Senegal. Yakaar-1 is the first well in a series of four independent tests of the basin floor fan fairways, outboard of the proven slope channel trend opened with the Tortue-1 discovery. Located in the Cayar Offshore Profond block approximately 95 kilometers northwest of Dakar […]

Baker Hughes Introduces Long-Life PDC Bit

May 4, 2017 No Comments

Baker Hughes Incorporated (NYSE:BHI) announced today the commercial release of its Dynamus™ extended-life polycrystalline diamond compact (PDC) drill bit which can significantly reduce drilling costs by eliminating trips to replace bits or bottomhole assembly (BHA) tools that wear out in high horsepower drilling operations. The Dynamus bit is built on a robust frame that incorporates […]

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