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Husky to resume full production at White Rose offshore Newfoundland

Husky to resume full production at White Rose offshore Newfoundland

Husky Energy announced it will resume production from the remaining two drill centers. The news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”. Husky entered guilty pleas on federal and provincial charges related to a 2016 oil spill in Saskatchewan. Husky Energy (TSX:HSE) will hold its Investor Day in...

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Weatherford automated connection integrity system reaches deployment milestone

Weatherford automated connection integrity system reaches deployment milestone

Weatherford’s Vero automated connection integrity system, which applies artificial intelligence to validate well integrity. Weatherford International plc announced that Weatherford International, LLC is a Delaware limited liability company. Weatherford International plc unveiled Victus intelligent MPD. The integration accelerates ForeSite users’ ability to deep dive into their production data. Weatherford International plc. Weatherford International Ltd., and...

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Alberta’s oil limits finally seem to be working

Alberta’s oil limits finally seem to be working

Alberta’s oil production curbs finally appear to be draining inventories, at least for now. The Alberta government’s move to cut corporate taxes from 12 to eight per cent. Alberta premier Jason Kenney offered his thoughts on the differing views between him and B.C. premier. Canada’s largest oil producers are calling on the Alberta government to...

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Peterson expands Caribbean presence with new Repsol project

Peterson expands Caribbean presence with new Repsol project

Energy logistics company Peterson has been awarded a major contract with Repsol Exploracion Guyana. The KBD-2X well completed by Repsol and partners PETRONAS and MOECO provides preliminary estimation. The company’s net income was 1.133 billion euros in the first six months. Repsol has agreed the development of two wind projects in the Spanish regions of...

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DNV GL to call for offshore verification to move with the times at SPE Offshore Europe

DNV GL to call for offshore verification to move with the times at SPE Offshore Europe

Offshore verification needs to move with the times and improve its contribution. The JDP was prompted by an upsurge in stern tube bearing failures. DNV GL, the world’s largest resource of independent energy experts and certification body. Company announced that it has launched its first LiDAR verification site in Asia. It includes technical actions, such...

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TGS awarded five-year well data contract extension by BSEE

TGS awarded five-year well data contract extension by BSEE

TGS-NOPEC Geophysical Company has been awarded a five-year contract for Digital Well Log Data Processing. TGS and Schlumberger announced a strategic collaboration for multiclient ocean-bottom. TGS-NOPEC Geophysical Company (TGS) today announced the release of its new well log prediction tool. TGS today reported net revenues* of USD 166 million for Q2 2019. TGS, a leading...

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DOE authorizes LNG exports of up to 1.53 Bcfd at Mississippi liquefaction project

DOE authorizes LNG exports of up to 1.53 Bcfd at Mississippi liquefaction project

The U.S. Department of Energy’s Office of Fossil Energy today issued an order to Gulf LNG liquefaction Company. The Department of Energy’s (DOE) Office of Science has selected 73 scientists from across the nation. Department of Energy (DOE) announced $14 million in funding for 10 university-led research projects. LLC (GLLC) approving exports of domestically produced...

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Neptune Energy to acquire interests in German fields from Wintershall Dea

Neptune Energy to acquire interests in German fields from Wintershall Dea

Neptune is an independent global E&P company and, having completed the acquisition of the exploration. The business had production of 160,500 net barrels of oil equivalent per day. The Company founded by Sam Laidlaw, is backed by CIC. The North Sea, where both wind and natural gas are abundantly available. It’s the first three quarters...

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Weatherford wins Colombian 3,000 well production optimization contract

Weatherford wins Colombian 3,000 well production optimization contract

Weatherford is one of the largest multinational oilfield service companies providing innovative solutions. The Company operates in over 80 countries and has a network of approximately 650 locations. It is one of the largest multinational oilfield service company. It including manufacturing, service, research and development. The number of employee approximately employs approximately 26,500 people. Weatherford...

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YPF awards McDermott pre-FEED contract for Vaca Muerta LNG in Argentina

YPF awards McDermott pre-FEED contract for Vaca Muerta LNG in Argentina

McDermott International announced it has been awarded a contract by Argentina-based YPF. It protests that briefly disrupted production in part of Argentina’s main shale. YPF SA, Argentina’s state-run energy producer, is closing the tap on some of its natural gas wells. The state-run energy firms of Chile and Argentina said on Wednesday. Norway’s Statoil has...