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U.S. oil production growth in for a ‘major slowdown,’ says IHS Markit

U.S. oil production growth in for a ‘major slowdown,’ says IHS Markit

The chief source of rapid growth that made the United States the world’s largest oil producer. IHS Markit is a world leader in critical information, analytics and solutions. United States wind operations and maintenance annual spending is expected to increase to more than $7.5 billion by 2030. The new IHS Markit outlook for oil market...

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Sodexo announces management changes

Sodexo announces management changes

Simon Seaton has been appointed Sodexo’s CEO, Energy & Resources Worldwide. Sodexo, world leader in Quality of Life Services, reported its revenues for the first quarter of Fiscal 2019. Companies joining forces are investing a combined total of over 1 billion USD in more than 50 current. He is also joining the Sodexo Group executive...

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Pembina to buy Kinder Morgan’s oil assets for $3.3 billion

Pembina to buy Kinder Morgan’s oil assets for $3.3 billion

Pembina Pipeline Corp. increased its bet on the future of Canada’s turbulent oil-sands industry. Pembina Pipeline Corporation announced that its Board of Directors declared a common share cash dividend. Company announced its financial and operating results for the second quarter of 2019. The dividends are designated “eligible dividends” for Canadian income tax purposes. Company also...

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Alberta’s oil limits finally seem to be working

Alberta’s oil limits finally seem to be working

Alberta’s oil production curbs finally appear to be draining inventories, at least for now. The Alberta government’s move to cut corporate taxes from 12 to eight per cent. Alberta premier Jason Kenney offered his thoughts on the differing views between him and B.C. premier. Canada’s largest oil producers are calling on the Alberta government to...

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Qatar invests $550 million in Permian midstream operator

Qatar invests $550 million in Permian midstream operator

Oryx Midstream Services, the largest privately-held midstream crude operator in the Permian basin. Qatar and Somalia denied a news report that suggested Doha. A Qatari national was released from prison in Saudi Arabia. Qatar has inaugurated a new naval base in the country’s northeast. Two military training aircraft have collided in mid-air without causing any...

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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...

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Global Petroleum Show to address critical issues facing Canadian, global E&P industry

Global Petroleum Show to address critical issues facing Canadian, global E&P industry

The 51st installment of the Global Petroleum Show (GPS), North America’s largest onshore-oriented oil-and-gas event. Company says it has been sufficiently encouraged in the prospectivity within the Juan de Nova Est permit. Global Petroleum has opened a data room for prospective partners interested in farming into the company’s Namibian acreage. Global Petroleum’s transformation into an...

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Schlumberger introduces the GAIA digital exploration platform

Schlumberger introduces the GAIA digital exploration platform

Schlumberger has introduced the GAIA* digital exploration platform at the 81st EAGE Conference & Exhibition. Schlumberger Ltd. said parts of its international business are finally starting to recover. It’s been a tough few years for Schlumberger Ltd. and Halliburton Co. The automation are teaming up to create a fully integrated digital oilfield automation solutions. The...

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Twin Disc expands in Wisconsin with new facility

Twin Disc expands in Wisconsin with new facility

Twin Disc, Inc., a global leader in power transmission technology for marine and land-based applications. Twin Disc is proud that its products have helped propel the ongoing transformation. Rosenbauer is the world’s largest manufacturer of firefighting technology. A fishing vessel that dominated racing in the North Atlantic for 17 years. Global leader in power transmission...

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