Home Managing Director

Tag: Managing Director

Post
BP invests in carbon-offset monetization firm

BP invests in carbon-offset monetization firm

BP Ventures has invested $5 million in Finite Resources Inc, parent company of Finite Carbon, a US-based forest carbon management company. BP recently announced a new joint venture with US agri-commodities company Bunge. Innovative enhanced recycling technology capable of processing PET plastic waste which currently goes unrecycled. The investment will enable Finite Carbon to grow...

Post
Neptune Energy taps Valaris jackup for Seagull development

Neptune Energy taps Valaris jackup for Seagull development

Neptune Energy and its joint venture partners BP and JAPEX announced Valaris has been awarded a contract. The merger of Neptune Energy Norge with VNG Norge creates a strong platform with a broad operating skillset. Eko Lumadyo joins the company as Managing Director of the Indonesian business. The Company earns four licences as operator and...

Post
Hess taps Petrofac to decommission four Central North Sea wells

Hess taps Petrofac to decommission four Central North Sea wells

Petrofac has been awarded a well plugging and abandonment contract with leading independent energy company. Petrofac facilities management has secured a contract to provide engineering. Petrofac’s Engineering & Production Services (EPS) business has been awarded a three-year Operations & Maintenance Support Services. Company hess Limited, a wholly owned subsidiary of Hess Corporation. The BorWin3 offshore...

Post
Neptune Energy to acquire interests in German fields from Wintershall Dea

Neptune Energy to acquire interests in German fields from Wintershall Dea

Neptune is an independent global E&P company and, having completed the acquisition of the exploration. The business had production of 160,500 net barrels of oil equivalent per day. The Company founded by Sam Laidlaw, is backed by CIC. The North Sea, where both wind and natural gas are abundantly available. It’s the first three quarters...

Post
NPCC and Petrofac JV awarded offshore contract by Al Yasat Petroleum

NPCC and Petrofac JV awarded offshore contract by Al Yasat Petroleum

National Petroleum Construction Company and JV partner Petrofac, have secured a new contract. NPCC has many projects from Saudi Aramco, Kuwait and India, its main markets, al Dhaheri added. Schneider electric is a leader in digital transformation of energy management and automation. The company is targeting revenues of 7 billion dirhams in 2019. Al Yasat...

Post
Wintershall Dea taps ConocoPhillips’ shale expertise in Argentina agreement

Wintershall Dea taps ConocoPhillips’ shale expertise in Argentina agreement

Wintershall Dea has signed a Sales and Purchase Agreement with ConocoPhillips. Cash flows in the German natural resources sector are transparent. Recent merger of Wintershall and DEA formed Europe’s leading independent gas and oil company. It develop the Aguada Federal and Bandurria Norte blocks in the central Argentine province of Neuquen. The collaboration and research...

Post
DNO awarded two new exploration licenses on UKCS

DNO awarded two new exploration licenses on UKCS

DNO ASA is the Norwegian oil and gas operator. DNO withdrew its request for seats on the board of Faroe Petroleum. DNO ASA announced that the Peshkabir-2 well located in the Kurdistan region of Iraq. DNO is to study the development of an oil field in Iran. Norwegian oil and gas operator DNO ASA has...

Post
Siemens enters Permian gas processing market with electric compression technology

Siemens enters Permian gas processing market with electric compression technology

Siemens was recently awarded a contract to provide three residue compression trains for two, 250 MMcfgd cryogenic gas plants. Siemens announced that it will accelerate efforts to develop and bring to market innovative solutions. For the second quarter of Financial Year 2019 ended March 31, 2019, Siemens Ltd. recorded a Revenue of Rs. 3,461 crore....

Post
First Integrated Solutions secures significant contract with Spirit Energy

First Integrated Solutions secures significant contract with Spirit Energy

It’s a leading provider of equipment rental and lifting and inspection services to the oil and gas sector. Spirit Energy can confirm it has taken over operatorship of the Babbage Gas field. Spirit Energy will fund a $180 million (£139 million) campaign. Spirit Energy will also take on operatorship of the nearby Cobra discovery. Spirit...

Post
Crude has surged >35% in 2018 as OPEC+ limit output

Crude has surged >35% in 2018 as OPEC+ limit output

West Texas Intermediate futures were little changed, poised for a fifth weekly increase. OPEC’s crude oil production down by 570,000 bpd from February. Saudi Arabia has threatened the United States to stop using dollars for its oil trades. It compared with a 2.8-million-barrel build in oil inventories in the previous week. The EIA released new...

  • 1
  • 2