Eni enters into Ras Al Khaimah with Block A offshore E&P agreement

Eni enters into Ras Al Khaimah with Block A offshore E&P agreement

Eni has signed an exploration and production sharing agreement. The installation itself was designed by the international design. Eni’s Board of Directors has resolved to submit a proposal to authorise the purchase of treasury shares for 18 months. Eni and FCA have teamed up to develop “A20”. Eni and the Italian Biogas Consortium (CIB) today signed an agreement. Eni has successfully installed and activated the Inertial Sea Wave Energy Converter (ISWEC) production unit. The agreement was signed between Eni and Nishant Dighe. The installation aims to highlight Eni’s commitment to and innovations in the field of the circular economy. The...

First Integrated Solutions secures significant contract with Spirit Energy

First Integrated Solutions secures significant contract with Spirit Energy

It’s a leading provider of equipment rental and lifting and inspection services to the oil and gas sector. Spirit Energy can confirm it has taken over operatorship of the Babbage Gas field. Spirit Energy will fund a $180 million (£139 million) campaign. Spirit Energy will also take on operatorship of the nearby Cobra discovery. Spirit Energy submitted the Plan for Development and Operations (PDO). The contract was Teekay’s Hummingbird Spirit floating production. It has been awarded a contract for the provision of rental equipment services. Spirit Energy has also taken on operatorship of the nearby Cobra licence. New, attractive exploration...

Halliburton awarded Shell Offshore exploration contract in Brazil’s Campos, Santos basins

Halliburton awarded Shell Offshore exploration contract in Brazil’s Campos, Santos basins

Halliburton is one of the world’s largest providers of products and services to the energy industry. Halliburton Company has announced the execution of an integrated services contract with Royal Dutch Shell. Company is pleased to announce the City of Houston declared on last week. has signed a Memorandum of Understanding (MOU) with the Egyptian Ministry of Petroleum. Company pleased to announce it will build the first oilfield chemical manufacturing reaction plant in Saudi Arabia. Halliburton Company (NYSE: HAL) will host a conference call on Monday. Contract includes a three-year term with a two-year extension. Houston Mayor Sylvester Turner presented Halliburton...

SOFEC completes engineering, supply, delivery of mooring system to Petronas

SOFEC completes engineering, supply, delivery of mooring system to Petronas

SOFEC, Inc. has announced that it has completed the engineering, supply and delivery of mooring system. SOFEC has been awarded the Lufeng permanent reinstatement project provision of turret system. Balltec said it has been awarded a contract by SOFEC. Keppel Shipyard, secured a contract for the fabrication of a turret mooring system. Sofec has been awarded the turret mooring system. Sofec has been awarded a contract by MISC Offshore Floating Terminals. Project included the engineering, supply and delivery of the replacement mooring legs. The disconnectable turret system will be integrated into a replacement floating storage. The connectors, which will be...

Concho Resources, Frontier Midstream form JV, Beta Crude Connector

Concho Resources, Frontier Midstream form JV, Beta Crude Connector

Concho Resources Inc. and Frontier Midstream Solutions IV, LLC announced the formation of Beta Crude Connector. Concho and Frontier have executed an agreement to create Beta Crude Connector, LLC (“BCC”). Concho received a $157 million distribution related to a recapitalization of Oryx. It delivered full-year production of 263 MBoepd (64% oil), in-line with the high-end of the Company’s guidance range. Will Giraud has assumed the position of Executive Vice President. Production for the second quarter 2019 of 13.4 million Boe, or 147.4 MBoepd, was 37% higher year-over-year. Concho and Frontier will each own a 50% equity interest in BCC. Concho...

ExxonMobil wins three blocks in Argentina offshore bid round

ExxonMobil wins three blocks in Argentina offshore bid round

ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments. The expansion project uses proprietary technologies to increase yields of higher. Funding will be provided to the Red Cross and other agencies. Company procures about $500 million a year from women-owned businesses. Travelling exhibition to visit 12 cities over a three-year period. Return on capital employed expected to double by 2025. The award adds approximately 2.6 million net acres to its existing holdings in Argentina. Construction to begin in second half of 2019, startup anticipated in 2023. ExxonMobil said that it is providing $300,000 to aid agencies....

BP, Schneider Electric sign five-year global frame agreement

BP, Schneider Electric sign five-year global frame agreement

BP, a global energy producer, has selected Schneider Electric. BP has bought UK electric vehicle charging company. BP is expected to take a $1.7bn (£1.2bn) charge in its fourth quarter results. BP has had to halt work on one of its North Sea gas fields. Oil giant BP has cheered one of the strongest years in the company’s recent history. The company reported underlying replacement cost profit. Schneider Electric will provide full-scope design and engineering services. Chargemaster, which was founded in 2008, operates the UK’s largest network of EV charging points. The oil giant said it expects to spread the...

Shell’s headquarters sustain thousands in damage as environmental activists wreak havok

Shell’s headquarters sustain thousands in damage as environmental activists wreak havok

A group called Extinction Rebellion targeted the Anglo-Dutch oil major as part of a days-long event. The Dutch Public Prosecutor’s Office (DPP) is preparing charges related to Shell’s 2011 purchase. Oil major says reducing its climate footprint, including that of its main product. Nigeria will miss out on $6bn (£4.7bn) in a scandal-plagued deal with Shell. Royal Dutch Shell reported one of its “strongest-ever quarters”. The oil major has just published its annual report. The actions were designed to draw attention to the use and production of fossil fuels. Shell linking bosses pay to climate change reduction targets is enough...

Iran offers up 6 MMbbl of oil with dismal results

Iran offers up 6 MMbbl of oil with dismal results

Iran struggles to sell 6 MMbbl of oil, only one deal has closed for 35,000 bbls, so far. Iran will respond firmly to any Israeli naval action against its oil shipments. Iraqi Prime Minister Adel Abdul Mahdi has visited Tehran for talks with Iran’s President Hassan Rouhani. Payam Derafshan told the Associated Press news agency that a court sentenced Vida Movahed in March. Iran’s foreign ministry says it welcomes Egypt’s reported decision to withdraw from a US-led “Arab NATO” initiative. Iran’s President Hassan Rouhani has arrived in Baghdad on his first official visit. But it’s up to the buyer to...

Maersk Supply Service to install onboard energy advisory system

Maersk Supply Service to install onboard energy advisory system

Maersk Supply Service signed a contract with Eniram. Danish shipping giant Maersk Group has completed the sale of ordinary share. The sound part of the Maersk Honam was hit by a serious fire in March 2018. Danish shipping giant Maersk has decided to initiate the separation of its drilling activities. Danish shipping group A.P. Moller-Maersk is forecasting higher profits in 2019. Danish shipping major Maersk has signed an agreement with PBF Logistics. The system will use high quality data to optimize operations. Maersk’s subsidiary Maersk Oil Trading and Investments has sold 17.27 million. It is now on its way to...