Tag Archive

DNO’s 100 Percent Reserves Replacement in 2018

DNO’s 100 Percent Reserves Replacement in 2018

February 11, 2019 No Comments

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 Upgrades Borealis applications Software

Neste Engineering Solutions Upgrades Borealis applications Software

November 29, 2018 No Comments

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;s Ichthys LNG Project Commences Production

INPEX;s Ichthys LNG Project Commences Production

July 30, 2018 No Comments

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 […]

ExxonMobil Commences Development Drilling In Guyana

ExxonMobil Commences Development Drilling In Guyana

June 13, 2018 No Comments

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 […]

Hess Announces Quarterly Cash Dividend on Preferred Stock

Hess Announces Quarterly Cash Dividend on Preferred Stock

June 6, 2018 No Comments

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 Launches Zinia 2 Development in Angola

Total Launches Zinia 2 Development in Angola

May 29, 2018 No Comments

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 announces significant gas/condensate discoveries

Faroe announces significant gas/condensate discoveries

April 4, 2018 No Comments

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 Signs Agreement for oil production asset in Indonesia

Zenith Signs Agreement for oil production asset in Indonesia

March 29, 2018 No Comments

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 […]

Repsol Selects Emerson for Multi-Year Exploration Technology Contract

Repsol Selects Emerson for Multi-Year Exploration Technology Contract

March 28, 2018 No Comments

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 Announces $1.0 Billion Share Repurchase Program

Hess Announces $1.0 Billion Share Repurchase Program

March 8, 2018 No Comments

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 […]

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