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Exxon puts $15 billion of global assets up for sale

Exxon puts $15 billion of global assets up for sale

Exxon Mobil Corp. is again trying to sell its oil and gas operations in southeast Australia. Fourth drillship to begin Guyana operations in October. Technology uses advanced chemistry to remove carbon dioxide from emissions sources. The U.S. supermajor “will be testing market interest” for global assets. Upstream liquids production grows by 8 percent from a...

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Aramco lining up banks as IPO is coming “very soon”, per the CEO

Aramco lining up banks as IPO is coming “very soon”, per the CEO

State oil giant Saudi Aramco said it’s lining up banks for its long-awaited initial public offering as the sale is now imminent. The launch of NIC will play an important role in advancing nonmetallic solutions across industries. Banks will be chosen “soon,” Chief Executive Officer Amin Nasser said at an industry conference in Abu Dhabi....

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BP deploys continuous methane measurement for new major oil and gas projects

BP deploys continuous methane measurement for new major oil and gas projects

BP announced that it will deploy continuous measurement of methane emissions in its future BP-operated oil and gas. BP Magazine looks back on some six decades of history. BP Chargemaster, the UK’s leading electric vehicle charging company. Company processing projects as part of its program to detect, measure and reduce methane emissions. Profit will grow...

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ADNOC awards Vallourec $900 million OTCG supply contract

ADNOC awards Vallourec $900 million OTCG supply contract

Vallourec has been awarded a contract by Abu Dhabi National Oil Company for the supply of tubing. The Abu Dhabi National Oil Company (ADNOC) is implementing an integrated gas strategy. Abu Dhabi National Oil Co. (ADNOC) has big plans for Ruwais City, a community located near the company’s massive. It casing, over a five year...

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Alaska snow cover thinning, may pose hurdle for refuge drilling

Alaska snow cover thinning, may pose hurdle for refuge drilling

Snow depths on Alaska’s North Slope have thinned this year. A desirable piece of waterfront property in downtown Juneau may have a new private owner. An unprecedented summer drought drained reservoirs and wells across Alaska. It’s creating a possible obstacle for exploration in part of the Arctic National Wildlife Refuge. Southeast’s landless Alaska Native communities...

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Equinor pledges to clean up Bahamas oil spill

Equinor pledges to clean up Bahamas oil spill

In the aftermath of Hurricane Dorian there are reports of widespread devastation across the Bahamas. Company consortium to develop the floating offshore wind project. Equinor has, on behalf of the partners of the Northern Lights project. Equinor says it will clean up the spills from the South Riding Point oil terminal. Equinor is launching a...

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Equinor to start Johan Sverdrup production ahead of schedule

Equinor to start Johan Sverdrup production ahead of schedule

Equinor and its partners are preparing for production start from the world class Johan Sverdrup field. Equinor and its partners Ineos E&P and Faroe Petroleum have made an oil. Equinor and its partners will disclose datasets from the Sleipner field. Equinor also presents updated operating costs and strong cash flow estimates. Company is launching a...

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DNV GL seeks to close gap between risk analysis and “digital twins”

DNV GL seeks to close gap between risk analysis and “digital twins”

DNV GL proposes the “Probabilistic Digital Twin” (PDT) to close the gap between digital twins. DNV GL and TenneT sign 4-year framework agreement for project certification. Apache Corporation has awarded DNV GL a new verification services contract. The shipping industry is looking to take advantage of additive manufacturing. DNV GL has established a Renewables Certification...

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Chevron lays groundwork for Venezuela exit before waiver expires

Chevron lays groundwork for Venezuela exit before waiver expires

Chevron appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines. Chevron Corporation announced that its 50 percent owned affiliate, Tengizchevroil (TCO), will proceed with the development. It extend a waiver allowing it to continue operating in the country. The record annual net oil-equivalent production of 2.93 million barrels...

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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...