DNO ASA, the Norwegian oil and gas operator, today announced it replaced 2018 production through additions to reserves, marking the second consecutive year in which the Company’s replacement of proven reserves reached or exceeded 100 percent of production. “DNO’s stellar record of reserves replacement through the drill bit is a result of stepped up spending […]
Neste Engineering Solutions has been awarded the renewal of Borealis Porvoo Aromatics Plant platform covering Advanced Process Control System (APC) with NAPCON Controller. The delivery contains over 20 NAPCON Controller applications, which control and optimize cumene, benzene and, phenol processes of the aromatics plant. Delivery will be made with the recently released version of the […]
INPEX CORPORATION (INPEX) announced today that the INPEX-operated Ichthys LNG Project’s (the Project) has commenced production of gas from the wellhead following the completion of final safety verifications including additional verifications concerning electrical equipment. The produced gas will be gathered within the Central Processing Facility (Ichthys Explorer) where it will be separated into gases and […]
The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said today. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production startup in 2020. The company and its co-venturers have so far discovered estimated recoverable resources […]
The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on August 1, […]
Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore Angola. The Zinia 2 project will have a production capacity of 40,000 barrels per day (b/d), sustaining Pazflor field production, on stream since 2011. Zinia 2 is the first of several […]
Faroe Petroleum announced significant discoveries in both the Hades and Iris prospects in licence PL 644 B (Faroe 20%), located in the Norwegian Sea. The exploration well 6506/11-10 targeted two formations: the Cretaceous Hades prospect and the Jurassic Iris prospect located directly underneath. The well has been drilled to a total depth of 4,536 metres […]
Zenith Energy Ltd., (“Zenith” or the “Company”), (LSE: ZEN; TSX.V: ZEE), announced that it has entered into a binding exclusivity and an option to purchase agreement (the “Agreement”) for the possible acquisition of an oil production asset located in Indonesia (the “Proposed Acquisition”). Highlights · The Proposed Acquisition envisages Zenith acquiring a 100% working interest […]
Emerson (NYSE: EMR) announced today it has signed a multi-year contract with Repsol to provide its Paradigm® Exploration & Production (E&P) software suite across all Repsol global exploration operations to help identify and evaluate new and existing opportunities more accurately. “Implementing Emerson’s E&P software suite across our global exploration program will increase efficiencies, reduce costs […]
Hess Corporation (NYSE: HES) today announced that its Board of Directors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess announced in late 2017. Under the new authorization, the Company will purchase $500 […]
