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Apache and Total tally significant oil find offshore Suriname

Apache and Total tally significant oil find offshore Suriname

Apache and Total announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. Apache Corp. tumbled after the company’s update on a closely watched exploratory oil well. Apache Corp. has awarded Wood a commissioning services contract for multiple U.K. North Sea platforms. The well was drilled using the drillship...

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Stress Engineering Services acquires Laserstream

Stress Engineering Services acquires Laserstream

Stress Engineering Services has acquired Laserstream, a technical service company specializing in laser mapping of tubular assets. Alan Carlock has received the 2019 Lifetime Achievement Award from the ANA Houston Lantern Awards of Texas. Dakota Dickerson clinched the Championship during Rounds 12 & 13 of the F3 Americas Championship powered by Honda. The acquisition will...

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Chevron greenlights its Anchor 20,000-psi deepwater project in the Gulf of Mexico

Chevron greenlights its Anchor 20,000-psi deepwater project in the Gulf of Mexico

Chevron has sanctioned the Anchor project in the U.S. Gulf of Mexico, marking the industry’s first deepwater high-pressure development. A dozen of the country’s top high school-age tractor restoration enthusiasts competed for the title in Indianapolis. Disciplined capital allocation prioritizes high return, lower risk investments. Company announced a contribution of $100,000 from the Chevron Global...

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Shell and Rice University partner on hydrocarbon-based zero-emissions technologies

Shell and Rice University partner on hydrocarbon-based zero-emissions technologies

Rice University has launched Carbon Hub, a major research initiative to create a zero-emissions future. Company announced today that Shell’s New Energies business* has acquired an almost 20% stake. Company embracing the challenge of ensuring business relevance in a fast-changing digital landscape. Shell is installing solar photovoltaic panels on the roofs of seven lubricant plants...

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Equatorial Guinea announces winners of EG Ronda 2019 bidding round

Equatorial Guinea announces winners of EG Ronda 2019 bidding round

Equatorial Guinea’s Ministry of Mines and Hydrocarbons has announced the winners of the 2019 licensing round for its oil. Equatorial Guinea’s ruling party has expelled 42 of its members for their alleged role in a coup bid late last year. Equatorial Guinea’s army chief-of-staff, who was only appointed to the post in October. Two journalists...

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Enpro Subsea completes latest subsea enhanced production campaign in Ghana

Enpro Subsea completes latest subsea enhanced production campaign in Ghana

Enpro Subsea has recently completed another two successful subsea hydraulic intervention campaigns for two operators in West Africa. Enpro Subsea has reached a Master Services Agreement (MSA) with Kosmos Energy aimed. Enpro Subsea has welcomed a new senior advisor to bolster the strategic team in the Americas. Operations were conducted from a single Multi Services...

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Aramco valuation falls short of crown prince’s $2 trillion target

Aramco valuation falls short of crown prince’s $2 trillion target

Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion. Saudi Aramco recently honored a number of local manufacturers distinguished for offering high-quality products. $2 trillion target sought by Crown Prince Mohammed bin Salman since he first mooted an initial public offering in 2016. Saudi Aramco is participating...

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Shell buys offshore wind developer in renewable power expansion bid

Shell buys offshore wind developer in renewable power expansion bid

Shell has agreed to buy French offshore wind developer Eolfi SA. Company announces the commencement of trading in the next tranche of its share buyback programme. Company introduces the publication of a quarterly update, starting with the third quarter 2019. Completion follows receipt of all necessary regulatory consents. It continuing its expansion into renewable power....

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Exxon, Chevron begin pushing back against Warren’s fracing ban

Exxon, Chevron begin pushing back against Warren’s fracing ban

America’s two biggest oil companies are starting to push back against the fracing ban touted by the leading candidates. Capital & exploratory (C&E) expenditures of $19 to 22 billion from 2021 to 2023. Chevron U.S.A. Inc announced the launch of its 2018 Fuel program making up to $6 million. It may become one of the...

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Chevron’s buyer for UK fields seek funds from commodity traders

Chevron’s buyer for UK fields seek funds from commodity traders

A unit of Delek Group Ltd. is seeking alternative means of financing to complete its $2 billion. Chevron Corporation announced that it has signed a Share Purchase agreement. Company announced a 2019 organic capital and exploratory spending program of $20 billion. The acquisition of some of Chevron Corp.’s North Sea oil and gas assets after...

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