Emerald Bay Energy provides update on operations at Texas’ Isabella #2 well

Emerald Bay Energy provides update on operations at Texas’ Isabella #2 well

Emerald Bay Energy Inc. (TSX Venture: EBY, OTC: EMBYF) is an energy company with oil producing properties in Southwest Texas. Without electrical infrastructure we have not been able to consistently, and simultaneously, pump the Kuhn wells. Under terms of the agreement, 100% of the costs to drill and test the well were paid by Cotulla. Texas as well as non operated oil and natural gas interests in Central Alberta, Canada. The aggregate balance of the principal amounts owing on the two separate loan/credit arrangements. The Warrants are subject to an acceleration clause whereby if after four months. Cotulla Energy Resources...

Maersk Drilling completes sale of jackup Maersk Giant

Maersk Drilling completes sale of jackup Maersk Giant

Maersk Drilling has completed the sale of jack-up rig Giant to the LOTOS Petrobaltic Group. Maersk launches the construction of its new cold store facility in St. Petersburg. Copenhagen, Denmark. The biofuel in the pilot project is the same blend of used cooking oil. ZIM Integrated Shipping Services has announced an order of 500 Star Cool Integrated Reefers from Maersk. Search and rescue operation was unsuccessful and has now been called off. APM Terminals Inland Services will be integrated into Maersk Logistics. Maersk Board of Directors has decided to retain full ownership of Maersk Supply Service. Maersk has launched Customs...

BHGE opens subsea Centre of Excellence in Montrose, Scotland

BHGE opens subsea Centre of Excellence in Montrose, Scotland

Baker Hughes, a GE company (BHGE) opened its transformed Centre of Excellence (CoE) facility at an inauguration ceremony with Minister for Energy. BHGE expands facility in Luanda to manufacture, service and repair technologies. Second BHGE facility of its kind in the United States, offering unparalleled industrial inspection capabilities. Company Orders of $5.7 billion for the quarter, down 17% sequentially and up 9% year-over-year. Company provides superior performance and reduces risks in narrow pressure windows. The scope includes medium water horizontal Xmas trees, associated subsea control Semstar5 systems and wellheads. VitalyX is BHGE’s first lubrication condition monitoring system with cloud-based software...

Inpex submits revised POD for Indonesia’s Abadi LNG project

Inpex submits revised POD for Indonesia’s Abadi LNG project

Inpex Corp. has announced that through its subsidiary Inpex Masela, Ltd. INPEX CORPORATION announced that it has signed a Heads of Agreement (HOA) with Indonesian authorities. Company also announced that it has formulated the INPEX Group Global Anti-Bribery. INPEX holds a participating interest in the ACG oil fields. It marks the second time that INPEX is named a Nadeshiko Brand company. The consolidated financial forecasts for the fiscal year ending March 31, 2019. The acquisition marks INPEX’s entry into the US tight oil development and production business. The annual APA licensing rounds aim to promote the further exploration of blocks...

Aker BP successfully carries out North Sea decommissioning using cutting edge technology

Aker BP successfully carries out North Sea decommissioning using cutting edge technology

Aker BP selected Optime Subsea as a provider of well access system. Aker BP announced that it has launched an offering of senior notes. Aker BP in a good position to raise its growth ambition to organically triple its production by 2025. Aker BP has been offered interests in 21 new production licenses in Norway. Aker BP reports total income of USD 1,000 million and operating profit of USD 548 million. Aker BP has entered into an agreement with Equinor Energy to acquire its 77.8 percent interest. Aker BP announced that it has signed a ventures cooperation agreement with BP....

Petrofac, MFDevCo join forces to maximize recovery

Petrofac, MFDevCo join forces to maximize recovery

Petrofac has entered into a collaboration agreement with Marginal Field Development Company. Petrofac has secured its third project under a 10-year framework agreement. Petrofac has been ranked second in Oil & Gas Middle East magazine’s Top 30 EPC Contractors list for 2019. Petrofac has been appointed Well Operator by Tullow Oil for the next phase of its Thames Decommissioning Project. E&C Growth and Chairman of Petrofac India participated in a panel discussion. Petrofac announces that it is establishing a global workforce forum. PETRONAS President and Group CEO Tan Sri Wan Zulkiflee Wan Ariffin commended Sunder Kalyanam. Petrofac.com has ranked first...

Equinor granted drilling permit for well southwest of Marulk field

Equinor granted drilling permit for well southwest of Marulk field

The Norwegian Petroleum Directorate has granted Equinor Energy AS. Norwegian oil and gas giant Equinor and its partners will disclose a dataset from the Sleipner field offshore Norway. Norwegian oil firm Equinor has set a new timeline for the Rosebank offshore project in the UK. Norwegian oil and gas company Equinor has received consent from the Petroleum Safety Authority (PSA). Equinor has been given a drilling permit by the Norwegian Petroleum Directorate. The well will be drilled about 7 km southwest of Marulk field. Production license 942 was awarded on March 2, 2018 (APA 2017. The Norwegian oil firm Equinor...

ConocoPhillips to acquire Nuna discovery acreage in Alaska

ConocoPhillips to acquire Nuna discovery acreage in Alaska

ConocoPhillips Alaska (COPA) has announced that it has entered into an agreement with Caelus Natural Resources Alaska. ConocoPhillips will retain its London-based commercial trading business. ConocoPhillips announced a $1 million contribution to the University of Houston’s College of Natural Sciences. The ICSID tribunal ruled in 2013 that the expropriation of ConocoPhillips’ substantial investments in the Hamaca. ConocoPhillips announced the winners of its 2018 Supplier Recognition Award program. ConocoPhillips reported fourth-quarter 2018 earnings of $1.9 billion, or $1.61 per share. Company announced that its board of directors has elected Admiral William H. McRaven. PDVSA has agreed to recognize the ICC judgment...

CGG awarded contract for world’s largest OBN seismic project

CGG awarded contract for world’s largest OBN seismic project

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a landmark processing contract. Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a landmark processing contract by the Abu Dhabi National Oil Company. Subsurface Imaging, part of CGG’s Geoscience division, has delivered a step-change in subsalt image quality over the Mad Dog field. CGG and Fairfield Geotechnologies have signed a cooperation agreement to acquire a large-scale. CGG, a leading geoscience company, is pleased to announce collaboration with Microsoft. CGG S.A signed a binding term-sheet with Shearwater GeoServices Holding AS. CGG and Lundin Norway AS have been awarded the...

Inpex agrees on framework for $20-billion Indonesian LNG project

Inpex agrees on framework for $20-billion Indonesian LNG project

Japan’s Inpex Corp. agreed on a framework with Indonesia for the $20-billion Abadi liquefied natural gas project. INPEX CORPORATION announced that it has signed a Heads of Agreement (HOA) with Indonesian authorities. INPEX CORPORATION announced that it has formulated the INPEX Group Global Anti-Bribery. INPEX holds a participating interest in the ACG oil fields. Company also announce that it was selected as a “Nadeshiko Brand” company for fiscal year 2018. Company announce that it was recognized as an outstanding enterprise. INPEX Americas, Inc. has reached an agreement with GulfTex Energy to acquire multiple development. The first shipment of condensate is...