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KCA Deutag secures $460m of land drilling contracts in the Middle East, Africa and Europe

KCA Deutag secures $460m of land drilling contracts in the Middle East, Africa and Europe

Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts. RDS, KCA Deutag’s engineering and design unit, reported last Tuesday that it has won a contract. Global drilling and engineering contractor, KCA Deutag, has been awarded two services contracts with BP Exploration. It is approximately $460m in the...

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Aramco valuation falls short of crown prince’s $2 trillion target

Aramco valuation falls short of crown prince’s $2 trillion target

Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion. Saudi Aramco recently honored a number of local manufacturers distinguished for offering high-quality products. $2 trillion target sought by Crown Prince Mohammed bin Salman since he first mooted an initial public offering in 2016. Saudi Aramco is participating...

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Venezuela using ‘dark ships’ to secretly export millions of barrels of oil

Venezuela using ‘dark ships’ to secretly export millions of barrels of oil

The Dragon, a massive oil tanker flying the Liberian flag, is supposed to be floating somewhere off the coast of France. Venezuela has expelled El Salvador’s diplomats in a tit-for-tat response after El Salvador. Venezuela has won a seat on the United Nations Human Rights Council. Instead, it’s currently thousands of miles away in Venezuela....

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Shell says it’ll stay in Canada while other oil majors flee

Shell says it’ll stay in Canada while other oil majors flee

Royal Dutch Shell is reassuring investors, workers, and anyone else who will listen that it’s the international oil major. Consortium announces oil and gas production start at P-68 FPSO located at BM-S-11-A concession in Berbigão, Sururu. Royal Dutch Shell plc announces the commencement of trading in the next tranche of its share buyback programme. Shell’s...

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IEA predicts global oil demand will level off around 2030

IEA predicts global oil demand will level off around 2030

Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles. Estonia is on the brink of a major energy transition that will involve a substantial change. As ever more of the world’s energy comes from wind and solar, new regulatory frameworks and more flexible energy systems...

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EPA and FERC chiefs brief independent producers on administration achievements, policies

EPA and FERC chiefs brief independent producers on administration achievements, policies

Late last week on Day 2 of its annual meeting and 90th anniversary with Independent Petroleum Association. The Federal Energy Regulatory Commission has issued an order cancelling the preliminary permit. America (IPAA) heard from the respective heads of the EPA and FERC on how Trump administration policies are benefitting. The Federal Energy Regulatory Commission (FERC)...

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ADNOC to launch futures exchange for its Murban crude

ADNOC to launch futures exchange for its Murban crude

Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services. Abu Dhabi National Oil Company (ADNOC) announced on last Wedneday a significant investment. Agreement will focus on the sale of refined products from ADNOC to Rongsheng, downstream investment opportunities. It will launch a new exchange, ICE...

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Emerson launches IIoT-enabled Connected Services to support multiphase flow meters in unconventional shale

Emerson launches IIoT-enabled Connected Services to support multiphase flow meters in unconventional shale

Oil and gas producers have a new means of optimizing wellhead production that lowers operating costs. Emerson’s new ASCO Series 273 Pneumatic Pinch Valve features an innovative design for improved tube retention. ASCO valves simplify identification and replacement of existing valves with lead-free brass models. Company thanks to a newly launched service from Emerson that...

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Speakers at IPAA’s annual meeting laud industry, see tough election ahead

Speakers at IPAA’s annual meeting laud industry, see tough election ahead

The Independent Petroleum Association of America (IPAA) kicked off the first day of its annual meeting on last Thursday. Interior Secretary Ryan Zinke will depart at the end of the year. Telegram and its parent company, Hearst, continue their tradition of honoring the area’s energy industry. Two Capitol Hill insiders sorting out the issues for...

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ExxonMobil taps SBM Offshore for third Guyana FPSO

ExxonMobil taps SBM Offshore for third Guyana FPSO

ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded SBM Offshore contract. ExxonMobil and SABIC announced the decision to proceed with the construction of a chemical facility. National and international energy and environmental security can be achieved through policies. It perform Front End Engineering and Design (FEED) for an FPSO for the Payara...