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BP reshapes its UK North Sea portfolio with $625 million asset sale

BP reshapes its UK North Sea portfolio with $625 million asset sale

BP has agreed terms to sell its interests in the Andrew area in the central UK North Sea. New cross-industry consortium to make enhanced recycling of polyester plastics a commercial reality. BP announced that its recent three-well drilling campaign offshore Mauritania. Company has also non-operating interest in the Shearwater field. BP and Reliance Industries Limited...

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Noble Energy’s first gas from Leviathan comes in $150M under budget

Noble Energy’s first gas from Leviathan comes in $150M under budget

Noble Energy announced the commencement of natural gas production from the Leviathan field. Company announced the commencement of natural gas production from the Leviathan field. It is the largest natural gas field in the Eastern Mediterranean. The stock exchange move will allow to leverage Nasdaq’s cutting-edge technology. The review was concluded with the sale of...

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ExxonMobil and partners discover more oil in Starbroek block offshore Guyana

ExxonMobil and partners discover more oil in Starbroek block offshore Guyana

ExxonMobil and its partners made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field. Technology removes carbon dioxide from industrial sources and the atmosphere. ExxonMobil has held throughout the New York Attorney General’s baseless investigation. It marking the 15th discovery on the Stabroek Block. Hooley currently serves as the non-executive...

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Honeywell acquires intelligent-gas-monitor maker Rebellion Photonics

Honeywell acquires intelligent-gas-monitor maker Rebellion Photonics

Honeywell has acquired Rebellion Photonics, a Houston-based provider of intelligent, visual gas monitoring solutions. A company led by former Honeywell International Inc (HON.N) chief executive David Cote. Diversified manufacturer Honeywell International Inc fell short of Wall Street estimates for quarterly revenue. Kuwait Integrated Petroleum Industries Co (KIPIC) has appointed a unit of U.S. multinational Honeywell...

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IMO 2020 shipping-fuel rules face adoption, compliance and enforcement hurdles

IMO 2020 shipping-fuel rules face adoption, compliance and enforcement hurdles

Historic rules to clean up pollution in the shipping industry are two weeks from taking effect. The IMO Intersessional Working Group on Reduction of GHG Emissions from Ships agreed last week. Norway has provided an additional NOK 40 million (USD 4.3. million) to the IMO-Norway GreenVoyage-2050 project. The International Maritime Organization, part of the UN,...

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C-Innovation selects Magma composite jumpers for Gulf of Mexico intervention projects

C-Innovation selects Magma composite jumpers for Gulf of Mexico intervention projects

Magma Global has been selected by C-Innovation to supply m-pipe thermoplastic composite subsea jumpers for flowline intervention in the Gulf of Mexico. C-Innovation, an affiliate of Edison Chouest Offshore (ECO) and its family of companies. The contract encompasses subsea construction, inspection, maintenance and repair (IMR) and logistics services. FMC Technologies has delivered seventh UHD-III remotely...

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Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects

Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects

Talos Energy has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets. Company announced that the Company has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets. Company announced its financial and operational results for...

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Canacol Energy wins three new Colombian gas exploration blocks

Canacol Energy wins three new Colombian gas exploration blocks

Canacol Energy has successfully secured a 100% operated working interest in three new conventional gas exploration contracts. Company pleased to announce that it has commenced the production and sale of liquified natural gas (“LNG”), the first such operation in Colombia. Company pleased to report its financial and operating results for the three and nine months...

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Chevron Technology Ventures invests in Infinitum Electric as part of its low-carbon initiative

Chevron Technology Ventures invests in Infinitum Electric as part of its low-carbon initiative

Infinitum Electric, a leading motor technology company delivering IoT-enabled electric motors. Company announced a contribution of $100,000 from the Chevron Global Community Fund. Global organizations will work together to accelerate development of cloud-native solutions. A group of Ecuadorian plaintiffs whose litigation against Chevron Corporation has been exposed as a fraud and bribery scheme. Company committed...

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Equatorial Guinea announces winners of EG Ronda 2019 bidding round

Equatorial Guinea announces winners of EG Ronda 2019 bidding round

Equatorial Guinea’s Ministry of Mines and Hydrocarbons has announced the winners of the 2019 licensing round for its oil. Equatorial Guinea’s ruling party has expelled 42 of its members for their alleged role in a coup bid late last year. Equatorial Guinea’s army chief-of-staff, who was only appointed to the post in October. Two journalists...