Tag Archive

ExxonMobil adds 4.5 billion barrels to reserves

ExxonMobil adds 4.5 billion barrels to reserves

February 27, 2019 No Comments

Exxon Mobil Corporation said today it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. Higher prices and unconventional drilling drive proved reserves additions Reserves life at current production rates is 17 years Continuing success in exploration and strategic acquisitions in Guyana and Brazil […]

Cairn Announce Senegal Update

Cairn Announce Senegal Update

February 25, 2019 No Comments

SNE FIELD DEVELOPMENT SECURES FPSO AHEAD OF FID Woodside, as Operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture1, has awarded MODEC International Inc.2 the front-end engineering design (FEED) contract for the SNE Field Development Phase 1 floating production storage and offloading (FPSO) facility. Following FEED, and subject to necessary […]

Hess Announces Two New Discoveries Offshore Guyana

Hess Announces Two New Discoveries Offshore Guyana

February 6, 2019 No Comments

Hess Corporation (NYSE:HES) today announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12. “These two discoveries demonstrate the continuing exploration potential on the prolific Stabroek Block and add to the previously announced gross discovered recoverable resource estimate of more than 5 […]

TechnipFMC Awarded ExxonMobil Refinery Expansion Project Contract

TechnipFMC Awarded ExxonMobil Refinery Expansion Project Contract

January 31, 2019 No Comments

TechnipFMC (NYSE:FTI) (PARIS:FTI) has been awarded a large (contract ranges between $500 million and $1 billion) reimbursable contract by ExxonMobil for detailed engineering, procurement, and construction for the recently announced crude expansion project in Beaumont, Texas, USA. The awarded scope covers the addition of four new units – atmospheric pipe still, kerosene hydrotreater, diesel hydrotreater […]

CNOOC Announces 2019 Business Strategy and Development Plan

CNOOC Announces 2019 Business Strategy and Development Plan

January 29, 2019 No Comments

On January 23, 2019, CNOOC Limited announced its business strategy and development plan for the year 2019. The company’s net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE), of which, production from China and overseas accounts for approximately 63% and 37%, respectively. The company’s net production for 2018 […]

Shell and PGGM explore  joint acquisition of Eneco

Shell and PGGM explore joint acquisition of Eneco

January 14, 2019 No Comments

PGGM and Shell have joined forces to explore the opportunity to participate in the controlled auction for the sustainable energy provider Eneco. In December 2018 Eneco and its shareholders’ committee announced the start of the privatisation process. This consortium is impressed with Eneco’s achievements in transforming the Dutch energy system through investments in sustainability and […]

Shell grows Bonga oil production

Shell grows Bonga oil production

December 18, 2018 No Comments

Crude oil production from the deepwater asset of the Shell Nigeria Exploration and Production Company (SNEPCo), Bonga field, has reached over 800 million barrels. Shell’s Media Relations Manager, Bamidele Odugbesan, in a statement, said the feat was achieved in 13 years of production from the field. He added it confirms the oil giant as a […]

Qatar Petroleum to acquire interest in three offshore oil Fields in Mexico

Qatar Petroleum to acquire interest in three offshore oil Fields in Mexico

December 18, 2018 No Comments

Qatar Petroleum entered into an agreement with Eni to acquire a 35% participating interest in three offshore oil Fields in Mexico. The agreement cover the Amoca, Mizton, and Tecoalli offshore oil fields, which lie in Area 1 in Mexico’s Campeche Bay. The agreement is subject to customary regulatory approvals by the government of Mexico. Following […]

Hess Announces 10th Discovery Offshore Guyana

Hess Announces 10th Discovery Offshore Guyana

December 3, 2018 No Comments

Hess Corporation (NYSE:HES) today announced a tenth discovery offshore Guyana at the Pluma-1 well on the Stabroek Block. As a result of this new discovery and further evaluation of previous discoveries, the estimate of discovered recoverable resources for the Stabroek Block has been increased to more than 5 billion barrels of oil equivalent, up from […]

Pressure Transmitter Market worth $3.36 billion by 2024

November 14, 2018 No Comments

According to the new market research report “Pressure Transmitter Market by Type (Absolute, Gauge, Differential Pressure, and Multivariable), Application, Fluid Type, Industry (Oil & Gas, Chemicals, Power, Pharmaceuticals, Food & Beverages), and Geography – Global Forecast to 2024”, the pressure transmitter market is likely to reach USD 3.36 billion by 2024 from USD 2.72 billion […]

Tags: , , , , Products
Page 1 of 4412345»102030...Last »