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World Bank Group’s One Planet Summit Announcements

World Bank Group’s One Planet Summit Announcements

December 13, 2017 No Comments

At the One Planet Summit convened by President Emmanuel Macron of France, United Nations Secretary General Antonio Guterres, and World Bank Group President Jim Yong Kim, the World Bank Group made a number of new announcements in line with its ongoing support to developing countries for the effective implementation of the Paris Agreement’s goals. 1. […]

Statoil awards contract for the turret mooring system of Johan Castberg

Statoil awards contract for the turret mooring system of Johan Castberg

December 10, 2017 No Comments

Statoil has signed a contract with SBM Offshore for delivery of the turret mooring system on the floating production ship (FPSO) for the Johan Castberg field. The contract is an exercise of an option in connection with the conclusion of a FEED contract with the same company. This is a specialized delivery that only a […]

Total paves the way for new projects in Angola

Total paves the way for new projects in Angola

December 5, 2017 No Comments

Patrick Pouyanné, Chairman and CEO of Total, had an audience today with João Lourenço, recently elected President of the Republic of Angola, and with Carlos Saturnino, new Chairman of Sonangol, the national oil company.   On this occasion, Total and Sonangol signed several agreements covering both upstream and downstream activities.   “As Angola’s main oil […]

Schlumberger’s Integrated Seat Technology Ball Valve

November 29, 2017 No Comments

GROVE IST*, Ball valve improves metal-to-metal valve performance and seal integrity with a smaller, lighter design to save operating cost The New ball valve technology features a patented seat-on-ball design that significantly improves performance over conventional metal-seated ball valves in addition to offering considerable size and weight benefits. “As the industry deals with more demanding […]

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Shell updates company strategy and financial outlook

Shell updates company strategy and financial outlook

November 28, 2017 No Comments

Scrip dividend programme to be cancelled with effect from the fourth quarter 2017 dividend.  Annual organic free cash flow outlook increased to $25 to $30 billion by 2020, at $60 per barrel (real terms 2016)  Company sets ambition to reduce the net carbon footprint of its energy products in step with society’s drive […]

World Bank Doing Business report on Nigeria fantastic

World Bank Doing Business report on Nigeria fantastic

November 3, 2017 No Comments

Nigeria’s VP Prof. Osinbajo, adds that presidency will make dramatic policy changes in Oil & Gas sector if necessary. “The present administration remains focused on making necessary even if dramatic policy shifts in this sector to grow, deepen and open up the business and opportunities in Nigeria’s Oil and Gas Sector” – VP Osinbajo. Despite […]

NNPC Expects Commercial Hydrocarbon Find in Inland Basins

NNPC Expects Commercial Hydrocarbon Find in Inland Basins

November 1, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) has expressed confidence that the aggressive exploration of the inland basins being driven by the corporation would soon yield success with hydrocarbon finds in commercial quantity. This was disclosed by the Group Managing Director of NNPC, Dr. Maikanti Baru, when he received a delegation of the Nigerian Association of […]

Kraken Robotic Enters strategic partnership with Avitas Systems

Kraken Robotic Enters strategic partnership with Avitas Systems

October 28, 2017 No Comments

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) announced today that its wholly-owned subsidiary, Kraken Robotic Systems Inc. has entered a strategic partnership with Avitas Systems, a GE Venture. The companies will integrate Autonomous Underwater Vehicles (AUVs), acoustic and laser sensor technology and artificial intelligence-based navigation software into unique subsea inspection solutions for the oil and […]

CNOOC Limited Announces Operational Statistics for Q3 2017

CNOOC Limited Announces Operational Statistics for Q3 2017

October 27, 2017 No Comments

CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced its key operational statistics for the third quarter of 2017. For the third quarter of the year, the Company achieved a total net production of 116.2 million barrels of oil equivalent (“BOE”), representing a decrease of 1.3% year over year (“YoY”). Production from offshore […]

Petrobras Oil and natural gas output in September

Petrobras Oil and natural gas output in September

October 26, 2017 No Comments

In September, our total oil and natural gas output was 2.79 million barrels of oil equivalent per day (boed), of which 2.68 billion boed produced in Brazil and 106,000 boed abroad. The average oil output in the country was 2.17 million barrels per day (bpd), 2.8 percent more than in August. This was mainly due […]

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