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Gazprom Neft establishes digital development JV for Russian, global markets

Gazprom Neft establishes digital development JV for Russian, global markets

Gazprom Neft and ICS Holding have set up a joint venture to develop digital products for the oil and gas industry. Pursuant to the Protocol of December 20, 2019, Gazprom, Naftogaz of Ukraine, Gas Transmission System Operator of Ukraine. The Federal Agency for Mineral Resources approved the expert opinion. The development strategy for the new...

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CGG exits marine seismic acquisition business, kicks off marine streamer JV

CGG exits marine seismic acquisition business, kicks off marine streamer JV

CGG announced that it has completed its exit from the marine seismic acquisition business. CGG anticipates Q4 2019 segment Group revenue at $393 million. CGG announced that it is completing its exit from the seabed data acquisition business. CGG has completed JumpStart multi-client geoscience packages for the North West Shelf (NWS) of Australia. It following...

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TGS adds U.S. unconventional log databases from Petrophysical Solutions

TGS adds U.S. unconventional log databases from Petrophysical Solutions

TGS announced the purchase of all U.S. onshore petrophysical log database and associated intellectual property from Petrophysical Solutions, Inc. TGS announced the completion of a new multibeam and coring program covering over 213,0000 square kilometers. The Liberia Petroleum Regulatory Authority (LPRA) has announced the launch of the next licensing round, expected to commence in April...

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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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TGS completes new multibeam and coring program in Brazil’s Campos and Santos basins

TGS completes new multibeam and coring program in Brazil’s Campos and Santos basins

TGS announced the completion of a new multibeam and coring program covering over 213,0000 square kilometers in the Campos. TGS announced that it has completed a transaction to purchase over 800 square miles of onshore 3D seismic surveys. TGS, in partnership with AustinBridgeporth, has been granted exclusive rights to acquire the world’s highest resolution gravity...

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Apache, Total form Suriname offshore exploration joint venture

Apache, Total form Suriname offshore exploration joint venture

Apache and Total announced a joint venture agreement to explore and develop Block 58 offshore Suriname. Everybody in the offshore oil and gas business has heard of the new oil El Dorado- Guyana. Kosmos Energy has again failed to unearth oil at an exploration well offshore Suriname. Offshore oil and gas company Kosmos Energy will...

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Schlumberger commits to Paris Agreement emissions-reduction targets

Schlumberger commits to Paris Agreement emissions-reduction targets

Schlumberger announced its commitment to setting a science-based target to reduce its greenhouse gas emissions. The target will align Schlumberger with the goals of the Paris Agreement to reduce climate change. This award is issued under the 20-year subsea master order for the Gulf of Mexico. Schlumberger’s commitment has been submitted to the Science Based...

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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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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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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...