Santos targets LNG growth with $1.4 billion ConocoPhillips deal

Santos targets LNG growth with $1.4 billion ConocoPhillips deal

Santos Ltd. agreed to buy ConocoPhillips’ northern Australia business for $1.4 billion in a deal. ConocoPhillips (NYSE: COP) today announced an increase in its quarterly dividend of 38 percent. ConocoPhillips (NYSE: COP) today completed its previously announced transaction. Company will boost the Adelaide-based oil and gas producer’s position in the growing Asian liquefied natural gas market. ConocoPhillips (NYSE: COP) today reported second-quarter 2019 earnings of $1.6 billion, or $1.40 per share. The transaction may allow Santos to become the country’s largest independent energy producer. Company continued its commitment to advance data science education. It including China, to switch to cleaner...

Kongsberg Digital to digitalize Shell’s Nyhamna gas facility in Norway

Kongsberg Digital to digitalize Shell’s Nyhamna gas facility in Norway

Kongsberg Digital, a subsidiary of KONGSBERG, signed an agreement to digitalize the Nyhamna facility. KONGSBERG and MAN Energy Solutions have signed a Memorandum of Understanding. The company behind the advanced SeaCross navigation system for safe. The contract award includes the full SURF System including Production wells, Gas and Water Injection wells. Students at the Jiangsu Maritime Institute (JMI) in China are to become the latest beneficiaries. Kongsberg Digital has made great strides towards developing and fine tuning our digital offering. Kongsberg Digital Area Sales Manager Paul Gilkison and AMC principal Michael van Balen signed the agreement. A gas processing and...

Fugro completes deepwater AUV surveys for Shell in US Gulf of Mexico

Fugro completes deepwater AUV surveys for Shell in US Gulf of Mexico

Fugro has completed several high-resolution geophysical surveys in the US Gulf of Mexico. Erik-Jan Bijvank worked at Stork, a Fluor company, for over 20 years. Banedanmark manages Denmark’s public railway infrastructure and is responsible for maintenance, traffic control. The project required data collection over multiple deepwater lease blocks in the greater Perdido. The programme will be completed in three phases over the next 3 years. The second campaign was located offshore Sarawak, Malaysia and began 8 May 2019 onboard the Fugro Equator. Mars development areas to support clearance of potential environmental, engineering, geological. It follows an extensive trial by SP...

Equinor to build wind farm to power oil platforms offshore Norway

Equinor to build wind farm to power oil platforms offshore Norway

Equinor made a final decision to invest in floating wind turbines to power offshore oil platforms off. Equinor and its partners confirmed a new timeline for the Rosebank project. Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract. Hywind Tampen will cost a total of almost 5 billion kroner $550 million. In the aftermath of Hurricane Dorian there are reports of widespread devastation across the Bahamas. In the aftermath of Hurricane Dorian there are reports of widespread devastation across the Bahamas. That’s in line with the state-controlled company’s earlier estimate. Equinor has, on behalf of...

MAN Energy Solutions and KONGSBERG sign MoU for collaboration on common data infrastructure for maritime sector

MAN Energy Solutions and KONGSBERG sign MoU for collaboration on common data infrastructure for maritime sector

MAN Energy Solutions and KONGSBERG, the international technology group, have signed a Memorandum of Understanding. Hong Kong-based dry bulk shipping company Pacific Basin Shipping has signed a service agreement. Singapore-based Eastern Pacific Shipping’s orders for a total of eleven 15,000 TEU containerships have been confirmed. The MOU regarding the exploration of the potential for collaboration on a common data infrastructure. German engine producer MAN Energy Solutions said it was experiencing a record order-intake within its cruise business. The biggest challenge from the impending sulphur cap regulation and the industry’s decarbonization ambitions. The collaboration will broaden the value offering to vessel...

USGS estimates 214 Tcf of natural gas in Appalachian basin formations

USGS estimates 214 Tcf of natural gas in Appalachian basin formations

The Marcellus shale and Point Pleasant-Utica shale formations of the Appalachian basin contain an estimated. Forest Service and Mount Hood National Forest, will install three new volcano. The Alaska North Slope contains an estimated 53.8 trillion cubic feet of natural gas hydrate resources. It technically recoverable continuous resources of natural gas, according to new USGS assessments. The story was originally published Aug. 29 and was updated Aug. 30 and Aug 31. New tools for flood preparedness are now available for the Medina River near Bandera. The U.S. Geological Survey has awarded more than $12.5 million to seven universities. The effects...

Chevron CEO Mike Wirth praises Texas, bemoans California home

Chevron CEO Mike Wirth praises Texas, bemoans California home

Chevron may be based in California, but CEO Mike Wirth had little praise for the state as he lauded the Texas business environment. The Supreme Court of Canada has rejected a request to review a decision of the Court. Chevron Corporation has established new goals to reduce net greenhouse gas (GHG) emission intensity. In the aftermath of Tropical Storm Imelda, Chevron U.S.A. Inc. announced it will donate $500,000 to help support local public schools. The Chevron boss hailed Texas’s resource base, its skilled workforce and overall business environment while criticizing policies back. Chevron Corporation announced the sanction of a waterflood...

LAGCOE keynote speaker issues rallying call, to earn social license to operate

LAGCOE keynote speaker issues rallying call, to earn social license to operate

Kimberly McHugh, vice president of drilling & completions at Chevron, kicked off LAGCOE 2019 Wednesday morning. Six months after the inaugural Energy Innovators Pitch Challenge. With that pitch, Josh Suttles and his company, Flange Cuff LLC, pulled ahead of nine other finalists for $25,000 in professional marketing. A federal agency that regulates offshore energy production in the Gulf of Mexico is focused on undoing. The 2017 edition of the Louisiana Gulf Coast Oil Exposition, or LAGCOE, kicks off Tuesday at the Cajundome in Lafayette. A reminder while the rumors of the demise of the oil industry are greatly exaggerated. The...

Maersk Supply Service awarded integrated solutions project in Brazil

Maersk Supply Service awarded integrated solutions project in Brazil

Maersk Supply Service will provide an integrated mooring lines life extension solution. Western Australia’s Port of Fremantle is setting new records with the arrival of two Post Panamax containerships. On July 10, the company said that it agreed with SoLix Group AB. Shell’s FPSO Fluminense, including project management, engineering, interface management. New facility which has a capacity of 5 million TEUs. Danish shipping major Maersk is in negotiations with FSUE Atomflot (Rosatomflot). H&M Group is the first company to trial it as part of the shift towards carbon-neutral transportation. Danish shipping giant Maersk has introduced Maersk Spot, a new fully...

Weatherford hosts Production 4.0 forum at its Enterprise Software Conference

Weatherford hosts Production 4.0 forum at its Enterprise Software Conference

Weatherford International will present the U.S. oil and gas industry’s only Production 4.0 forum. Company announced its largest-ever contract for deep-set safety valves. Company announced it has signed a $220 million, three-year contract with the Abu Dhabi Company. Company announced the signing of a five-year Corporate Procurement agreement. Enterprise Software Conference from October 7 to 8 at the Westin Houston at Memorial City. The Company expects that the effective date of the Plan will occur before year-end. Company announced the signing of an $87 million contract for fishing. Company announced it will showcase its life-of-well innovations at Offshore Europe 2019....