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Repsol is first oil major to pledge zero emissions by 2050

Repsol is first oil major to pledge zero emissions by 2050

Repsol SA embarked on the most ambitious attempt yet by an oil major to align itself with the Paris climate goals. The first WindFloat Atlantic unit featuring the world’s largest offshore wind turbine on a floating platform. The Chairman of Repsol warns in Brussels of the risk of relocation of European industrial production. Repsol has...

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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...

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EPA and FERC chiefs brief independent producers on administration achievements, policies

EPA and FERC chiefs brief independent producers on administration achievements, policies

Late last week on Day 2 of its annual meeting and 90th anniversary with Independent Petroleum Association. The Federal Energy Regulatory Commission has issued an order cancelling the preliminary permit. America (IPAA) heard from the respective heads of the EPA and FERC on how Trump administration policies are benefitting. The Federal Energy Regulatory Commission (FERC)...

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ADNOC to launch futures exchange for its Murban crude

ADNOC to launch futures exchange for its Murban crude

Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services. Abu Dhabi National Oil Company (ADNOC) announced on last Wedneday a significant investment. Agreement will focus on the sale of refined products from ADNOC to Rongsheng, downstream investment opportunities. It will launch a new exchange, ICE...

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Marathon investors say shareholders back removal of CEO

Marathon investors say shareholders back removal of CEO

Two activist investors in Marathon Petroleum say there is now broad-based shareholder support for immediate changes. Company announced that it has completed three separate transactions. Company announced today that it sent an irrevocable notice of early redemption. Marathon Oil, through its wholly owned subsidiaries, is the operator and majority shareholder of the integrated gas. The...

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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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