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Stress Engineering Services launches new digital flex joint angle monitoring system

Stress Engineering Services launches new digital flex joint angle monitoring system

Stress Engineering Services has developed a digital flex joint angle measurement system for monitoring real-time drilling operations. The global leader in consulting engineering services and solutions has entered into an agreement with Optimum Program Ltd. The acquisition will provide high-resolution pipe ID scanning hardware and imaging software while enhancing SES’s competencies within upstream. The digital...

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Maduro names new PDVSA leadership following “energy emergency”

Maduro names new PDVSA leadership following “energy emergency”

Venezuela’s President Nicolas Maduro named new executives at Petroleos de Venezuela SA, a week after declaring an “energy emergency”. Venezuela said on Thursday a $2.04 billion award to ConocoPhillips over a decade-old nationalization was a “tough lesson”. Just as Venezuelan state-run oil company PDVSA was running out of an obscure product needed. Venezuelan crude sales...

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Saudis may yet get OPEC+ deal from recalcitrant Russia as crisis grows

Saudis may yet get OPEC+ deal from recalcitrant Russia as crisis grows

Saudi Arabia has so far been thwarted by Russia in its push to shore up oil markets against the coronavirus. Oil prices rose on last Friday after Russia said it backs a recommendation for the OPEC. But when they meet next week, the humbled kingdom may yet clinch victory. Moscow has so far resisted further...

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CGG, Fairfield team up on new Permian multi-client seismic program

CGG, Fairfield team up on new Permian multi-client seismic program

CGG and Fairfield Geotechnologies have signed a second cooperation agreement to acquire a series of large-scale. CGG and Fairfield Geotechnologies on last Thursday reported that they have signed an agreement. Geoscience company CGG has been awarded a contract by Brunei Shell Petroleum. Company announced that is looking to commence discussions with stakeholders. CGG acquired the...

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UAE finds 80 tcf gas field, the world’s biggest since 2005

UAE finds 80 tcf gas field, the world’s biggest since 2005

Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates. UAE is committed to implementing the global plan to reduce disaster losses via the Sendai Framework. It keen to develop a museum and future strategy. It’s aim to push...

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Pemex rejects Talos claim to majority of 670 MMboe Zama field

Pemex rejects Talos claim to majority of 670 MMboe Zama field

Mexico’s government-owned oil company just laid claim to most of the country’s biggest private discovery. Mexican President Andres Manuel Lopez Obrador said that the replacement of 10 executives at the Petroleos Mexicanos arm that sets. Petroleos Mexicanos will use a new $5 billion capital injection from the Mexican government. Company putting it on a collision...

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Oil shutdown a ‘bullet in the head,’ says Libyan central bank

Oil shutdown a ‘bullet in the head,’ says Libyan central bank

Libya’s Central Bank Governor Sadiq Al-Kabir called on the international community to help end a week-long shutdown of oil ports. An official source from the Central Bank of Libya (CBL) said that the economic reforms’ program will be made operational during the next week. Chairman of the Presidential Council Fayez Al-Sarraj met Wednesday with the...

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New York won’t appeal its defeat in Exxon climate trial

New York won’t appeal its defeat in Exxon climate trial

New York said it won’t appeal a ruling by a judge who last month rejected the state’s claim. Mako-1 well is located southeast of the Liza field on the Stabroek Block. ExxonMobil issued the statement in response to the verdict from the Supreme Court of the State of New York. It misled investors for years...

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Norway’s Barents Sea ambitions fading as more projects disappoint

Norway’s Barents Sea ambitions fading as more projects disappoint

Norway’s vision of establishing a new major oil province off its northern tip has suffered another blow. The study found Norway ranks as the 6th most expensive country to buy a tall latte. Norway’s consulting market was expected to cross the €1 billion mark. Norway Prime Minister Erna Solberg believes Norwegian women have been strengthened...

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Stress Engineering Services acquires Laserstream

Stress Engineering Services acquires Laserstream

Stress Engineering Services has acquired Laserstream, a technical service company specializing in laser mapping of tubular assets. Alan Carlock has received the 2019 Lifetime Achievement Award from the ANA Houston Lantern Awards of Texas. Dakota Dickerson clinched the Championship during Rounds 12 & 13 of the F3 Americas Championship powered by Honda. The acquisition will...