Equinor hopes for a dry well near Troll, for potential CO₂ storage

Equinor hopes for a dry well near Troll, for potential CO₂ storage

For the first time, an exploration well is being drilled in the North Sea where the objective is not to find oil or gas. New York State governor Andrew M. Cuomo announced Equinor’s Empire Wind. Equinor and Masdar have joined forces with ORE Catapult to share floating offshore wind data. The well is being drilled south of the Troll field in the North Sea, and the objective is to investigate. Company announced 25 July 2019 dividend per share of USD 0.26 for second quarter 2019. On Wednesday November 13, 2019 Equinor ASA guaranteed by Equinor Energy AS. The deep Johansen...

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 held by police after they interviewed a suspended judge in Equatorial Guinea have been released without charge. Equatorial Guinea’s president Teodoro Obiang Nguema. Equatorial Guinea President Teodoro Obiang Nguema has pardoned 81 prisoners. Equatorial Guinea’s lawmakers have been banned from foreign travel unless authorised by...

Peterson and Itaoca Offshore announce partnership for development of new Brazil terminal

Peterson and Itaoca Offshore announce partnership for development of new Brazil terminal

Itaoca Offshore and Peterson Offshore Group announced a partnership and consulting agreement for the development of the Itaoca project. Peterson has strengthened its relationship with Premier Oil, a leading independent exploration. Peterson Offshore Group Netherlands, hereafter ‘Peterson’, has excelled in its Achilles FPAL Verify Audit. Peterson Chemicals BV has again expanded its fleet of “portable offshore tanks” with the addition of a number of kerosene tanks. The Egyptian ONE-STOP service provider Pan Marine and leading international energy logistics company Peterson are joining forces to operate in the Egyptian market. The Itaoca Offshore project will be a private terminal (TUP), located...

Equinor retreats from frontier exploration in Norway’s Arctic

Equinor retreats from frontier exploration in Norway’s Arctic

Equinor will reduce its focus on the frontier areas of the Barents Sea in another blow to Norway’s ambition to build a new oil province in its Arctic region. Equinor has signed an agreement to divest to Repsol its 63% interest in. Equinor reports adjusted earnings of USD 2.59 billion and USD 1.08 billion after tax in the third quarter of 2019. Oil from the giant Johan Sverdrup field in the North Sea has arrived at the Mongstad plant north of Bergen. Equinor and the Snorre and Gullfaks partners have made a final investment decision for the Hywind Tampen offshore...

Coretrax acquires Churchill Drilling Tools, sets sights on further growth

Coretrax acquires Churchill Drilling Tools, sets sights on further growth

Specialist well construction and intervention company Coretrax has acquired Churchill Drilling Tools as part of an ongoing growth and expansion strategy. Coretrax has successfully completed an extensive three year decommissioning. Coretrax, leading engineered servicing company for wellbore clean and abandonment, has strengthened its position in the Middle East. Coretrax, the independent wellbore clean-up and abandonment specialist, has achieved a 40% growth in Middle East business in 2018. Coretrax has successfully saved a North Sea operator more than £500,000 during a well abandonment campaign in the UKCS. It has acquired Churchill for an undisclosed sum and will integrate its extensive downhole...

New DNV GL recommended practice on subsea welding removes uncertainty, improves quality

New DNV GL recommended practice on subsea welding removes uncertainty, improves quality

A new recommended practice (RP) to standardize operator requirements for welding and inspection of subsea equipment. The Universal Smart Energy Framework (USEF), co-developed by DNV GL. DNV GL has presented Samsung Heavy Industries Co., Ltd. (SHI) with an Approval in Principle (AIP) for the Cyber Secure. Northern Drilling’s West Mira is the first rig in operation to be awarded the DNV GL Battery (Power) class notation. It has been published by DNV GL. Developed through a joint industry project. DNV GL has awarded Hyundai Heavy Industries (HHI) the world’s first Approval in Principle (AIP) for the Cyber Secure (Advanced) class...

ADNOC, Honeywell embark on one of the industry’s largest predictive maintenance projects

ADNOC, Honeywell embark on one of the industry’s largest predictive maintenance projects

ADNOC has partnered with Honeywell as it embarks on one of the largest predictive maintenance projects in the oil and gas industry. Company announced that it has signed a partnership agreement with Japan Oil Development Co. Ltd. Sandooq Al Watan has entered into a strategic partnership with the Abu Dhabi National Oil Company (ADNOC). Under the terms of a 10-year partnership agreement, ADNOC will utilize Honeywell’s state-of-the-art asset monitoring. The Abu Dhabi National Oil Company (ADNOC) will accelerate delivery of its new integrated gas strategy. Abu Dhabi National Oil Company (ADNOC) subsidiary, held the 14th Rig Owners Seminar. The Abu...

Rockwell Automation joins Accenture, Microsoft, PTC, ANSYS, and EPLAN to simplify digital transformation

Rockwell Automation joins Accenture, Microsoft, PTC, ANSYS, and EPLAN to simplify digital transformation

Businesses that are digitally transforming their operations need an ecosystem of partners that can help them simplify technology deployments. More than half of all respondents to an LNS Research survey said their industrial facility has experienced a cybersecurity breach. New Allen-Bradley FLEX 5000 safety I/O modules can meet the needs of producers in process and heavy industries. The new Rockwell Automation Digital Partner Program connects companies to expertise. Industrial leader announces partnerships and collaborations with best-in-trade digital solutions to bring The Connected Enterprise to life. Rockwell Automation, Inc and Accenture’s Industry X.0 announced plans to team up. Microsoft, PTC, ANSYS,...

Conoco launches plan to distance itself from shale, win back shareholders

Conoco launches plan to distance itself from shale, win back shareholders

ConocoPhillips announced a 10-year plan to buy back $30 billion of shares, equivalent to about half of its current market capitalization. ConocoPhillips reported third-quarter 2019 earnings of $3.1 billion, or $2.74 per share. Company announced it has entered into an agreement to sell the subsidiaries that hold its Australia-West assets. Company announced an increase in its quarterly dividend of 38 percent, to 42 cents per share. The oil producer attempts to distance itself from the troubled U.S. shale industry. Company completed its previously announced transaction to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries. Company announced it has completed the previously...

Enpro Subsea completes latest subsea enhanced production campaign in Ghana

Enpro Subsea completes latest subsea enhanced production campaign in Ghana

Enpro Subsea has recently completed another two successful subsea hydraulic intervention campaigns for two operators in West Africa. Enpro Subsea has reached a Master Services Agreement (MSA) with Kosmos Energy aimed. Enpro Subsea has welcomed a new senior advisor to bolster the strategic team in the Americas. Operations were conducted from a single Multi Services Support Vessel, which was mobilized out of Takoradi in Ghana. Enpro Subsea has appointed Hal Goldie to its board in a role of non-executive director. Enpro Subsea and DOF Subsea have struck a memorandum of understanding (MoU). Enpro Subsea has reported its busiest 18 months...