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BP’s Dudley drawing up plans to step down within 12 months, Sky News says

BP’s Dudley drawing up plans to step down within 12 months, Sky News says

BP CEO Bob Dudley took the helm after the 2010 Deepwater Horizon oil spill crisis. BP agrees to sell its entire business in Alaska to Hilcorp in a deal worth $5.6 billion. BP’s North Sea business has successfully executed a groundbreaking pilot project testing innovative ways. BP announced that it will deploy continuous measurement of...

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India’s Petronet makes $7.5 billion investment to ship U.S. shale gas abroad

India’s Petronet makes $7.5 billion investment to ship U.S. shale gas abroad

Tellurian said it signed a $7.5 billion agreement for India’s Petronet LNG Ltd. Expansion of the capacity of the Dahej LNG Terminal from 15 MMTPA to 17.50 MMTPA. The Company’s Dahej Terminal operated at 107% of its name plate capacity. It could potentially be one of the largest foreign investments in the U.S. to ship...

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BHGE completes share repurchase, renames itself Baker Hughes Company

BHGE completes share repurchase, renames itself Baker Hughes Company

Baker Hughes announced the closing of a secondary offering of 132.25 million shares. BHGE did not offer any shares of Class A common stock in the offering. AI application provides early warning of production downtime and process risk. BHGE announced that it has agreed to repurchase from one or more of GE and its affiliates....

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Hatch acquires Upside Engineering

Hatch acquires Upside Engineering

Hatch announced that Upside Engineering Ltd. has joined Hatch Ltd. The Best Chilean Companies program is the local version of Deloitte’s Best Managed Companies program. Codelco celebrated the opening of the Chuquicamata underground mine. Hatch has been awarded a Consulting Engineers of South Africa (CESA) Aon Engineering. It bringing together the largest oil and gas...

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W&T Offshore completes $167 million deal expanding Gulf of Mexico stake

W&T Offshore completes $167 million deal expanding Gulf of Mexico stake

W&T Offshore has closed the previously-announced purchase of ExxonMobil interests in. Chairman and Chief Executive Officer Tracy W. Krohn will present at EnerCom’s ‘The Oil & Gas conference. W&T Offshore, Inc reported operational and financial results for the second quarter of 2019. W&T Offshore provided an operational update regarding the successful drilling of the Gladden...

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TechnipFMC to split, spinning off onshore, offshore segments

TechnipFMC to split, spinning off onshore, offshore segments

Company seeing the beginning of a shaping of industry. TechnipFMC announced that company will open a new facility in Speers, Pennsylvania. TechnipFMC recently partnered with Argentine oil and gas producer YPF S.A. TechnipFMC celebrated the first steel cut of the manifolds and subsea structures for CNOOC’s Liuhua 16-2 Oilfields development. TechnipFMC is preparing for the...

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PDC Energy, SRC Energy combine in $1.7 billion all-stock transaction

PDC Energy, SRC Energy combine in $1.7 billion all-stock transaction

PDC Energy and SRC Energy announced a definitive merger agreement under which PDC will acquire SRC. PDC Energy, Inc mailed a letter to shareholders in connection with its 2019 Annual meeting. Kimmeridge’s attempt to rebut PDC’s concerns about Ben Dell’s conflicts of interest underscores the existence. Lowered full-year capital investment guidance to a range of...

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LAGCOE introduces Energy Innovators Pitch Challenge for 2019 event

LAGCOE introduces Energy Innovators Pitch Challenge for 2019 event

LAGCOE leadership is proud to host the fourth Energy Innovators Pitch Challenge at the 2019 Technical Exposition. Two keynote addresses on different days of the Louisiana Gulf Coast Oil Exposition. The U.S. Bureau of Safety and Environmental Enforcement (BSEE) is on a mission. The showcase celebrates forward-thinking innovation. The conference scheduled for October 9-11 at...

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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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Baker Hughes sells reciprocating compression business to private equity fund

Baker Hughes sells reciprocating compression business to private equity fund

Arcline Investment Management, a private equity fund with $1.5 billion of capital under management. Baker Hughes has been awarded a major stimulation and well-testing contract. Baker Hughes and C3.ai Announce Joint Venture to Deliver AI Solutions Across the Oil and Gas Industry. It upgraded and enhanced facility will deliver solutions that boost offshore. BHGE expands...

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