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Shell says it’ll stay in Canada while other oil majors flee

Shell says it’ll stay in Canada while other oil majors flee

Royal Dutch Shell is reassuring investors, workers, and anyone else who will listen that it’s the international oil major. Consortium announces oil and gas production start at P-68 FPSO located at BM-S-11-A concession in Berbigão, Sururu. Royal Dutch Shell plc announces the commencement of trading in the next tranche of its share buyback programme. Shell’s...

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IEA predicts global oil demand will level off around 2030

IEA predicts global oil demand will level off around 2030

Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles. Estonia is on the brink of a major energy transition that will involve a substantial change. As ever more of the world’s energy comes from wind and solar, new regulatory frameworks and more flexible energy systems...

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Emerson launches IIoT-enabled Connected Services to support multiphase flow meters in unconventional shale

Emerson launches IIoT-enabled Connected Services to support multiphase flow meters in unconventional shale

Oil and gas producers have a new means of optimizing wellhead production that lowers operating costs. Emerson’s new ASCO Series 273 Pneumatic Pinch Valve features an innovative design for improved tube retention. ASCO valves simplify identification and replacement of existing valves with lead-free brass models. Company thanks to a newly launched service from Emerson that...

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Equinor and partners tally Echino South find in the North Sea

Equinor and partners tally Echino South find in the North Sea

Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South. Equinor is awarding a contract for constructing and installing the subsea production system. In the aftermath of Hurricane Dorian there are reports of widespread devastation across the Bahamas. Recoverable resources are estimated at 6-16 million standard cubic meters...

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Shell buys offshore wind developer in renewable power expansion bid

Shell buys offshore wind developer in renewable power expansion bid

Shell has agreed to buy French offshore wind developer Eolfi SA. Company announces the commencement of trading in the next tranche of its share buyback programme. Company introduces the publication of a quarterly update, starting with the third quarter 2019. Completion follows receipt of all necessary regulatory consents. It continuing its expansion into renewable power....

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DNV GL issues efficiency-minded recommended practices for subsea pumping systems

DNV GL issues efficiency-minded recommended practices for subsea pumping systems

A new DNV GL recommended practice has unlocked new opportunities for the oil and gas sector to deliver more cost-efficient. 43% of respondents put digitalization as a core part of their business strategy. Technical expertise helps fast-track Taiwan’s implementation of new offshore wind farms. It environmentally friendly subsea processing for improved hydrocarbons recovery. Singapore’s Maritime...

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Keystone pipeline shut after North Dakota spill

Keystone pipeline shut after North Dakota spill

The Keystone crude pipeline was shut on last Wednesday after leaking thousands of barrels of crude in North Dakota. The order by Donald Trump does not guarantee TransCanada will actually get Keystone XL built. The company expects to eventually rally enough commercial support. The third spill along the pipeline’s route in less than three years....

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Norwegian oil crews stigmatized in the “climate change” era

Norwegian oil crews stigmatized in the “climate change” era

Ole Lie, a drilling supervisor who’s worked for Norway’s oil giant Equinor ASA since the 1990s. The Norwegian offshore survey company EMGS has signed an $8 million multi-client contract. The feeling unloved as many are starting to turn their backs on an industry. Norwegian oil and gas giant Equinor slipped to a net loss in...

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Chevron wins 90-day Venezuela sanction waiver extension

Chevron wins 90-day Venezuela sanction waiver extension

The Trump administration extended Chevron’s waiver to operate in Venezuela, allowing the second-largest U.S. oil explorer. Company has established new goals to reduce net greenhouse gas (GHG) emission intensity. Chevron U.S.A. Inc. announced it will donate $500,000 to help support local public schools. Company announced the sanction of a waterflood project in the St. Malo...

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Weatherford installs 113 consecutive whipstocks with 100% single-trip execution

Weatherford installs 113 consecutive whipstocks with 100% single-trip execution

Weatherford International announced a milestone of 113 consecutive cased hole whipstock jobs completed in a single trip. Company announced that it will showcase its best-in-market oilfield technologies. Weatherford International plc announced it has been awarded two fully integrated rig contracts. Company will present the U.S. oil and gas industry’s only Production 4.0 forum during its...