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Chevron Technology Ventures invests in modular CO₂ capture system

Chevron Technology Ventures invests in modular CO₂ capture system

Carbon Clean Solutions Limited has completed an equity investment of $16 million from three global investors. Company announced that its wholly owned subsidiary Chevron Global Energy Inc. has completed the sell down of its 135 million shares. Company reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron...

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Pemex rejects Talos claim to majority of 670 MMboe Zama field

Pemex rejects Talos claim to majority of 670 MMboe Zama field

Mexico’s government-owned oil company just laid claim to most of the country’s biggest private discovery. Mexican President Andres Manuel Lopez Obrador said that the replacement of 10 executives at the Petroleos Mexicanos arm that sets. Petroleos Mexicanos will use a new $5 billion capital injection from the Mexican government. Company putting it on a collision...

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Equinor targets near-zero emissions in Norway by 2050

Equinor targets near-zero emissions in Norway by 2050

Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields. On 10 December Equinor completed the acquisition of a 50 % interest in the offshore wind development. Equinor and Masdar have joined forces with ORE Catapult to share floating offshore wind data. Equinor has signed an agreement...

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Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects

Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects

Talos Energy has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets. Company announced that the Company has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets. Company announced its financial and operational results for...

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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...

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Saipem to establish a spoolbase in the US Gulf of Mexico

Saipem to establish a spoolbase in the US Gulf of Mexico

Saipem will establish a spoolbase on Greenwood Island, Pascagoula, Mississippi. Saipem has reached an agreement with Technip France SA. Saipem informed that, on that same date, the Tribunal of Algiers had pronounced a first instance judgment. Company serving as a highly specialized site designed to provide support for vessels performing pipelay activities. Saipem has been...

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Shell invests in PowerNap subsea tie-back in Gulf of Mexico

Shell invests in PowerNap subsea tie-back in Gulf of Mexico

Shell Offshore has elected to invest in its PowerNap deep-water project in the U.S. Gulf of Mexico. Shell announces a programme to invest in natural ecosystems as part of its strategy. Shell must remain at the forefront of the drive for greater corporate transparency. The project is expected to start production in late 2021 and...

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Shell Appomattox, Gulf of Mexico’s first HPHT program, receives BSEE approval

Shell Appomattox, Gulf of Mexico’s first HPHT program, receives BSEE approval

Shell’s Appomattox project, located in the Gulf of Mexico about 80 miles south of New Orleans. Shell opened an integrated lubricants and grease production facility in Tuas. Shell has launched a new range of fluids specifically designed to work in battery electric vehicles. It is the first high temperature project to gain Bureau of Safety....

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GulfSlope Energy launches shallow prospect program in the Gulf of Mexico

GulfSlope Energy launches shallow prospect program in the Gulf of Mexico

GulfSlope has announced the execution of a letter of intent with a privately held oil and gas company. GulfSlope Energy, Inc announced drilling results for the GulfSlope Energy. Company also announced that the OCS-G-35589 # 1 well on the Company’s Canoe Prospect on Vermilion Block 378. South Addition Block is located in approximately 300 feet...

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TGS, PGS partner with Bain Geophysical to create crustal study offshore East Canada

TGS, PGS partner with Bain Geophysical to create crustal study offshore East Canada

TGS and PGS have announced a partnership with Bain Geophysical Services to create a new regional study. The latest prestack time-migrated 3D GeoStreamer data is now available for the UK Moray Firth. Innovative seismic method improves the process of preparing drilling sites. GeoStreamer technology had a disruptive effect on seismic acquisition and processing. PGS’ latest...