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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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Federal Reserve Bank of Dallas: Texas oil sector contracting amid ‘challenging’ conditions

Federal Reserve Bank of Dallas: Texas oil sector contracting amid ‘challenging’ conditions

Energy sector activity dipped again in the fourth quarter, according to executives responding to the Federal Reserve Bank of Dallas Energy Survey. The Federal Reserve Bank of Dallas has appointed Von Washington to its El Paso Branch board of directors. The Federal Reserve Board of Governors has appointed Claudia Aguirre of Houston to the Federal...

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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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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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Exxon, Chevron targeted by climate-activist investor group

Exxon, Chevron targeted by climate-activist investor group

The Dutch activist fund that has filed shareholder resolutions pressuring major oil companies in Europe. Company announced that it has sanctioned the Anchor project in the U.S. Gulf of Mexico. Capital allocation decisions and lower price outlook expected to result in non-cash after tax charges in fourth quarter 2019. Company announced a contribution of $100,000...

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Shell and Rice University partner on hydrocarbon-based zero-emissions technologies

Shell and Rice University partner on hydrocarbon-based zero-emissions technologies

Rice University has launched Carbon Hub, a major research initiative to create a zero-emissions future. Company announced today that Shell’s New Energies business* has acquired an almost 20% stake. Company embracing the challenge of ensuring business relevance in a fast-changing digital landscape. Shell is installing solar photovoltaic panels on the roofs of seven lubricant plants...

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Canacol Energy wins three new Colombian gas exploration blocks

Canacol Energy wins three new Colombian gas exploration blocks

Canacol Energy has successfully secured a 100% operated working interest in three new conventional gas exploration contracts. Company pleased to announce that it has commenced the production and sale of liquified natural gas (“LNG”), the first such operation in Colombia. Company pleased to report its financial and operating results for the three and nine months...

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OPEC+ agrees to redistribute oil cuts under Saudi pressure

OPEC+ agrees to redistribute oil cuts under Saudi pressure

OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia. China’s record imports of crude oil in November underscore both the challenges and risks facing OPEC. Brent rises 3% in wk;WTI up 7% in biggest weekly gain since June. It has long carried an outsized share of...

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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...