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Saudi Arabia says Iranian weapons were used to attack oil facilities

Saudi Arabia says Iranian weapons were used to attack oil facilities

Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations. Saudi Arabia’s deputy permanent representative to the UN, Dr. Khaled Manzlawiy. The drone attack that took place in the early hours on last Saturday. It stopped short of directly blaming the Islamic Republic for the...

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Aramco lining up banks as IPO is coming “very soon”, per the CEO

Aramco lining up banks as IPO is coming “very soon”, per the CEO

State oil giant Saudi Aramco said it’s lining up banks for its long-awaited initial public offering as the sale is now imminent. The launch of NIC will play an important role in advancing nonmetallic solutions across industries. Banks will be chosen “soon,” Chief Executive Officer Amin Nasser said at an industry conference in Abu Dhabi....

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DNV GL seeks to close gap between risk analysis and “digital twins”

DNV GL seeks to close gap between risk analysis and “digital twins”

DNV GL proposes the “Probabilistic Digital Twin” (PDT) to close the gap between digital twins. DNV GL and TenneT sign 4-year framework agreement for project certification. Apache Corporation has awarded DNV GL a new verification services contract. The shipping industry is looking to take advantage of additive manufacturing. DNV GL has established a Renewables Certification...

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LAGCOE introduces Energy Innovators Pitch Challenge for 2019 event

LAGCOE introduces Energy Innovators Pitch Challenge for 2019 event

LAGCOE leadership is proud to host the fourth Energy Innovators Pitch Challenge at the 2019 Technical Exposition. Two keynote addresses on different days of the Louisiana Gulf Coast Oil Exposition. The U.S. Bureau of Safety and Environmental Enforcement (BSEE) is on a mission. The showcase celebrates forward-thinking innovation. The conference scheduled for October 9-11 at...

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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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Husky to resume full production at White Rose offshore Newfoundland

Husky to resume full production at White Rose offshore Newfoundland

Husky Energy announced it will resume production from the remaining two drill centers. The news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”. Husky entered guilty pleas on federal and provincial charges related to a 2016 oil spill in Saskatchewan. Husky Energy (TSX:HSE) will hold its Investor Day in...

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OPEC sees ‘somewhat bearish’ oil outlook even as market tightens

OPEC sees ‘somewhat bearish’ oil outlook even as market tightens

Global oil markets face a “somewhat bearish” outlook for the rest of the year amid slowing economic growth. Fed cuts interest rates, signals it may not need to do more. ConocoPhillips missed Wall Street estimates for quarterly profit on last Tuesday. The long-running trade war, even though supplies will be tighter than previously thought. Copper...

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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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Chevron warns future Venezuela events may hurt earnings

Chevron warns future Venezuela events may hurt earnings

The last major U.S. oil producer in Venezuela is warning that developments in the crisis-torn South American. Chevron U.S.A. Inc. has awarded Schlumberger subsidiary OneSubsea a 20-year subsea equipment. Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility. Chevron U.S.A. Inc. has completed its $350 million acquisition of...

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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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