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Venezuela using ‘dark ships’ to secretly export millions of barrels of oil

Venezuela using ‘dark ships’ to secretly export millions of barrels of oil

The Dragon, a massive oil tanker flying the Liberian flag, is supposed to be floating somewhere off the coast of France. Venezuela has expelled El Salvador’s diplomats in a tit-for-tat response after El Salvador. Venezuela has won a seat on the United Nations Human Rights Council. Instead, it’s currently thousands of miles away in Venezuela....

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Speakers at IPAA’s annual meeting laud industry, see tough election ahead

Speakers at IPAA’s annual meeting laud industry, see tough election ahead

The Independent Petroleum Association of America (IPAA) kicked off the first day of its annual meeting on last Thursday. Interior Secretary Ryan Zinke will depart at the end of the year. Telegram and its parent company, Hearst, continue their tradition of honoring the area’s energy industry. Two Capitol Hill insiders sorting out the issues for...

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Exxon’s former CEO says climate change ‘with us forever more’

Exxon’s former CEO says climate change ‘with us forever more’

Current or former leader of one of the world’s largest energy producers to testify under oath about climate change. It’s Continues status as a founding member for an additional five years. United Way of Beaumont and North Jefferson County to receive $200,000. That’s why a New York courtroom was packed on last Wednesday to see...

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C&J Energy Services and Keane shareholders approve merger, announce new company name

C&J Energy Services and Keane shareholders approve merger, announce new company name

C&J Energy Services and Keane Group announced that the shareholders of both companies approved all of the proposals. Company announced that the Board of Directors of the Company made a determination of surplus under Delaware law. Company announced the future executive leadership team of the combined company effective upon completing their pending merger. It necessary...

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McDermott signs agreement for up to $1.7 billion of new financing

McDermott signs agreement for up to $1.7 billion of new financing

McDermott International announced that it has entered into an agreement with certain of its secured lenders. The scope will be performed by McDermott’s fabrication facility in Batam, Indonesia. McDermott’s Lummus Technology is the master licensor of multiple licensed units. The company will have access to up to $1.7 billion of additional financing, including letter of...

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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...

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Kongsberg Digital to digitalize Shell’s Nyhamna gas facility in Norway

Kongsberg Digital to digitalize Shell’s Nyhamna gas facility in Norway

Kongsberg Digital, a subsidiary of KONGSBERG, signed an agreement to digitalize the Nyhamna facility. KONGSBERG and MAN Energy Solutions have signed a Memorandum of Understanding. The company behind the advanced SeaCross navigation system for safe. The contract award includes the full SURF System including Production wells, Gas and Water Injection wells. Students at the Jiangsu...

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MAN Energy Solutions and KONGSBERG sign MoU for collaboration on common data infrastructure for maritime sector

MAN Energy Solutions and KONGSBERG sign MoU for collaboration on common data infrastructure for maritime sector

MAN Energy Solutions and KONGSBERG, the international technology group, have signed a Memorandum of Understanding. Hong Kong-based dry bulk shipping company Pacific Basin Shipping has signed a service agreement. Singapore-based Eastern Pacific Shipping’s orders for a total of eleven 15,000 TEU containerships have been confirmed. The MOU regarding the exploration of the potential for collaboration...

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Weatherford hosts Production 4.0 forum at its Enterprise Software Conference

Weatherford hosts Production 4.0 forum at its Enterprise Software Conference

Weatherford International will present the U.S. oil and gas industry’s only Production 4.0 forum. Company announced its largest-ever contract for deep-set safety valves. Company announced it has signed a $220 million, three-year contract with the Abu Dhabi Company. Company announced the signing of a five-year Corporate Procurement agreement. Enterprise Software Conference from October 7 to...

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Schlumberger enhances bit strength, lifespan with new armor cladding alloy

Schlumberger enhances bit strength, lifespan with new armor cladding alloy

Smith Bits, a Schlumberger company, today introduced Aegis armor cladding. Schlumberger introduced the GAIA digital exploration platform at the 81st EAGE Conference. Schlumberger announced the integration of industry-leading TIBCO Spotfire and TIBCO Data Virtualization. It significantly improves bit body design flexibility and erosion resistance. Company announced the expiration of the previously announced cash tender offer...