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Saudi Aramco pitches itself as the low-carbon investors’ choice

Saudi Aramco pitches itself as the low-carbon investors’ choice

The world’s largest oil producer has pumped about 116 Bbbl of crude oil. The proposed joint venture with Air Products and ACWA Power will own and operate the Jazan Integrated Gasification Combined Cycle. The event runs through Thursday, is expected to draw more than 600 attendees. The giant fields below the kingdom’s desert and the...

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OPEC+ clamping down on members exceeding production quotas

OPEC+ clamping down on members exceeding production quotas

OPEC+ is poised for a debate about lax implementation of oil-production cuts in Vienna this week. Oil jumped above $61 a barrel on last Monday, supported by hints that OPEC. The dollar and global stock markets fell on last Monday after U.S. President Donald Trump’s speech. Russia asking to discuss a rule change that would...

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Aramco IPO retail offering fully covered with one day to go

Aramco IPO retail offering fully covered with one day to go

The retail tranche of Saudi Aramco’s initial public offering is fully covered with one day to go after 3.7 million investors applied. Saudi Aramco recently honored a number of local manufacturers distinguished for offering high-quality products. Saudi Aramco is participating in the 2019 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). Company issued a prospectus...

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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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Chevron CEO Mike Wirth praises Texas, bemoans California home

Chevron CEO Mike Wirth praises Texas, bemoans California home

Chevron may be based in California, but CEO Mike Wirth had little praise for the state as he lauded the Texas business environment. The Supreme Court of Canada has rejected a request to review a decision of the Court. Chevron Corporation has established new goals to reduce net greenhouse gas (GHG) emission intensity. In the...

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Dolphin Drilling lands semisub contract with Shell

Dolphin Drilling lands semisub contract with Shell

Global contractor Dolphin Drilling has secured further work for its Borgland Dolphin semi-submersible drilling rig. The oil rig has left a £50,000 cash donation. Olsen Energy ASA, has entered into a contract for the provision. The company has won a contract with AS Norske Shell in Norway to provide rig support. The majority lenders under...

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PESA Argentina chapter debuts in Buenos Aires

PESA Argentina chapter debuts in Buenos Aires

United States Ambassador to Argentina Edward Prado welcomed PESA to his residence in Buenos Aires. The PESA West Texas Steering Committee conducted a school supply drive for local schools in August. PESA in welcoming new Member Companies ProFrac Services, Tomahawk Safety. After a welcome and overview of the oil and gas industry dynamics in Argentina...

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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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Putin’s budget has lowest break-even oil price in over a decade

Putin’s budget has lowest break-even oil price in over a decade

Oil prices may be recovering, but Russian President Vladimir Putin isn’t taking any chances. On August 10, opposition supporters held a mass protests in the Russian capital. Russia’s President Vladimir Putin has urged the United States to begin new arms talks. Russian President Vladimir Putin has taken a step towards cooling tensions with Georgia. It’s...

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Iran oil tanker released by Gibraltar, setting up race with the U.S

Iran oil tanker released by Gibraltar, setting up race with the U.S

Iran is racing to return an oil supertanker to international waters. The captain of an Iranian tanker seized in Gibraltar, provoking a diplomatic crisis between Tehran and London. The ship, the Grace 1, had been held in Gibraltar after British forces detained it last month. Iran on Sunday called Britain’s seizure of an Iranian oil...