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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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Schlumberger and TIBCO collaborate to provide advanced analytics in the DELFI environment

Schlumberger and TIBCO collaborate to provide advanced analytics in the DELFI environment

Schlumberger announced the integration of industry-leading TIBCO Spotfire and TIBCO Data Virtualization technologies. Company announced the expiration of the previously announced cash tender offer by Schlumberger Holdings Corporation. Schlumberger announced its biennial event, the SIS Global Forum 2019, has surpassed expectations. The collaboration will augment Schlumberger domain science applications with new analytics capabilities. The Ora...

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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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Iran oil tanker released by Gibraltar, setting up race with the U.S

Iran oil tanker released by Gibraltar, setting up race with the U.S

Iran is racing to return an oil supertanker to international waters. The captain of an Iranian tanker seized in Gibraltar, provoking a diplomatic crisis between Tehran and London. The ship, the Grace 1, had been held in Gibraltar after British forces detained it last month. Iran on Sunday called Britain’s seizure of an Iranian oil...

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Venezuela importing the most fuel since U.S. sanctions started

Venezuela importing the most fuel since U.S. sanctions started

Venezuela is importing fuel at a rate not seen since the U.S. imposed crippling sanctions on the country. A Chinese contractor has agreed to shore up Venezuela’s derelict refining network to ease fuel shortages. US imposed sanctions on Venezuelan individuals linked to Maduro’s government. US President Donald Trump has signed an executive order imposing an...

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BHP adds three wells to successful Trinidad deepwater campaign

BHP adds three wells to successful Trinidad deepwater campaign

BHP announced the completion of phase three of its deepwater drilling campaign offshore Trinidad. BHP has released the world’s first bulk carrier tender for LNG-fuelled transport. BHP and Mitsubishi Development Pty Ltd signed an MOU agreement. BHP Chief Executive Officer, Andrew Mackenzie said that BHP’s focus remains clear. BHP has appointed Tristan Lovegrove as Group...

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Siccar Point Energy completes Lyon exploration well

Siccar Point Energy completes Lyon exploration well

Operator Siccar Point Energy has completed an exploration well 208/02-1 on the Lyon Prospect. The North Sea exploration and production company moved in to the city centre premises in May. Siccar Point Energy is pleased to announce the closing of a $100 million tap issue of its existing five year. Company has commenced its 2019...

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Saudi Taqa has purchased Schlumberger’s Middle Eastern drilling business for $1.2 billion

Saudi Taqa has purchased Schlumberger’s Middle Eastern drilling business for $1.2 billion

A Saudi Arabian oilfield services company backed by the country’s sovereign wealth. Schlumberger announced the early participation results of a private offer. The offer is referred to herein as the “Exchange Offer”. Schlumberger company has been awarded an engineering, procurement and construction (EPC). Schlumberger Limited will hold a conference call soon. Schlumberger introduced Concert well...

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Aramco sells first LNG as oil giant expands into liquid gas market

Aramco sells first LNG as oil giant expands into liquid gas market

Aramo is the world’s biggest oil exporter. The Saudi Arabian Oil Company (Saudi Aramco) is to acquire Shell Saudi Arabia Refining Limited’s 50% share. More than 600 upcoming Saudi Arabia construction projects worth $130 billion. Aramco announced that company have reached an agreement for subsidiary. Saudi Arabian Oil Company announced that it has priced an...

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ADES International acquires onshore rigs from Weatherford

ADES International acquires onshore rigs from Weatherford

ADES International Holding PLC a leading oil & gas drilling and production services provider in the Middle East and North Africa. ADES International Holding PLC has announced that it has completed the acquisition transaction with Weatherford. It pleases to announce is pleased to announce that it has entered, through its subsidiary ADES S.A.E. It is...

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