Author hkrichiedistribution
Houston based offshore drilling contractor Valaris plc, secured new contracts and contract extensions, adding revenue backlog of U$ 285 million. Valaris DS-18 (Relentless), 2015 HHI delivered GustoMSC P10,000 designed, secured a contract extension due to the exercise of a one-well priced option with EnVen in the U.S. Gulf of Mexico. According to company, the duration
It’s long been an open secret in the oil and gas industry that getting hold of business intelligence would typically involve a costly subscription commitment from one of a handful of big research firms. Even then, the task of locating exactly the information needed often required the skills of a specialist researcher. Compounding the problem
Singapore based offshore vessel operator ‘Swire Pacific Offshore (SPO) has confirmmed an attack involving anchor handling tug supply vessel, Pacific Warden, offshore Equatorial Guinea According to SPO, Pacific Warden, an Anchor handling tug supply vessel (AHTS), was attacked offshore Equatorial Guinea on 20 November 2019 at approximately 05:00 local time. The vessel was busy supporting
Qatar Petroleum has announced the completed fabrication of the first two jackets required for offshore facilities as part of its North Field Expansion (NFE) Project aimed to further develop one of the world’s largest offshore gas fields. QP said on Wednesday that this mega project would increase Qatar’s liquefied natural gas (LNG) production capacity from
The uncertainty of the future of Brexit has left the United Kingdom’s economy in stagnation as business investment falters on the eve of the nation’s December general election. While Boris Johnson tries to rally voters to instill their confidence in him to usher in a new era of economic prosperity and growth in Britain by
OPEC and its Russia-led non-OPEC partners in the production cut deal may roll over in early December the current cuts into June 2020, as Russia will likely support the cartel’s efforts to raise the price of oil, Reuters reported on Thursday, citing OPEC sources and delegates. Currently, the partners in the deal have two main scenarios to
The U.S. Energy Information Administration revises the U.S. crude oil production forecast it publishes in each Short-Term Energy Outlook based mainly on two factors: updates to EIA’s published historical data and EIA’s crude oil price forecast. In the November 2019 STEO, EIA increased its forecast of U.S. crude oil production in 2019 by 30,000 bpd
ADNOC has partnered with Honeywell as it embarks on one of the largest predictive maintenance projects in the oil and gas industry. Under the terms of a 10-year partnership agreement, ADNOC will utilize Honeywell’s state-of-the-art asset monitoring and predictive analytics platform to maximize asset efficiency and integrity across ADNOC’s upstream and downstream operations. Leveraging artificial
One of the largest Encana Corp. shareholders says the oil and natural gas producer’s plan to move to the U.S. is “highly discriminatory” against Canadian investors. Letko, Brosseau & Associates Inc., which has a stake of about 4%, will vote against Encana’s plan to relocate to the U.S., the investor said Tuesday in a statement.
ConocoPhillips announced a 10-year plan to buy back $30 billion of shares, equivalent to about half of its current market capitalization, as the oil producer attempts to distance itself from the troubled U.S. shale industry. The company also said it will pay dividends of about $20 billion over the period and limit average capital expenditure