Phaze Ventures, an Oman-based venture capital firm, and OQ, Oman’s global integrated energy services company, signed a memorandum of understanding on July 7 which will see the organizations work closely together to develop, deploy and invest in disruptive energy technologies from across the globe. The agreement incorporates several areas of collaboration in support of the two organizations’ core missions and brings
Read More...DCP Midstream LP and Kairos Aerospace Inc. revelaed a groundbreaking new methane management initiative across DCP’s portfolio of natural gas assets on July 6. The initiative will use Kairos’ sophisticated airborne methane monitoring techniques and advanced data analytics to digitally enable DCP’s goals of operational excellence and sustainability. DCP began piloting Kairos technology in March
Read More...Extrusion line manufacturer Reifenhäuser GmbH & Co. KG Maschinenfabrik converted a pilot line to make material for a customer producing medical coveralls. The Troisdorg, Germany-based company ran an available blown film line at its technology center for research and development 24/7 to supply the protective film to an European manufacturer of personal protective equipment (PPE).
Read More...Brazilian oil major Petrobras said July 7 it has started to decommission its platform P-12 in the Campos Basin after receiving permission from the Navy and environment and oil agencies. The company also said it would decommission Campos Basin platforms P-07 and P-15 by this year, according to a statement. This post appeared first on
Read More...Plotting The Path To A Successful Digital Transformation The digital revolution in oil and gas sector is not only changing the way the industry operates, but also the type of people employed and the way they work and are managed. Rebecca Wiles, head of upstream technology, BP, tells how the company is approaching the digital
Read More...As COVID-19 continues to spread — more slowly in some places than others — it’s probably not a surprise to hear of more changes coming to trade shows and conferences still on the schedule for 2020. On July 2, organizers of Plastimagen, Mexico’s largest trade show, said they would move the event to January, from
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) The DOE National Energy Technology Laboratory just did a study of some Appalachian shale gathering pipelines and found no significant methane leaks. It’s such a breath of fresh air (and so rare) when we spot actual, in-the-field, real science being done. So many times the “studies” we see published
Read More...Plotting The Path To A Successful Digital Transformation The digital revolution in oil and gas sector is not only changing the way the industry operates, but also the type of people employed and the way they work and are managed. Rebecca Wiles, head of upstream technology, BP, tells how the company is approaching the digital
Read More...Australian firm Viva Energy opened its proposed liquefied natural gas (LNG) regasification terminal to commercial partnerships on Sunday, Kallanish Energy reports. Viva Energy plans to develop the LNG regasification terminal alongside its Geelong crude oil refinery, located in Victoria, South Australia. Following successful initial technical studies, the company intends to begin the front-end engineering and
Read More...The potential expansion of gas transportation from the Barents Sea region by Gassco would be best achieved through pipeline expansion on a cost-basis, according to analysis conducted by Rystad Energy. Norwegian gas transport system operator Gassco said in January that expanding transportation capacity from the Barents Sea South “can lay the basis for further value
Read More...Canada’s Supreme Court has dismissed an appeal from British Columbia First Nation groups against expanding the Trans Mountain oil pipeline, Kallanish Energy reports. The court in Ottawa, Ontario, has dismissed appeals from four First Nation groups, effectively ending the year-long legal battle over the project. The court gave no reason for its decision. Work has
Read More...Global wholesale natural gas prices declined in 2019 to reach an average of $3.88 per million British thermal units (MmBtu) – a level not seen since 2016, according to the International Gas Union (IGU). The decline largely reflects the impact of rising global gas supply, which in turn led to sharp falls in spot prices
Read More...A federal judge has ordered that the Dakota Access oil pipeline be temporarily shut down by Aug. 5 for an in-depth environmental review of the project, Kallansh Energy reports. That order came from U.S. District Judge James Boasberg in what was a major setback for the Trump administration and the controversial pipeline and a major
Read More...The United States’ working rig count dropped to a record-low for the ninth straight week, sliding from 265 on June 29 to 263 on July 2, according to the latest count from Baker Hughes. In addition to hitting an all-time low for the ninth week in a row, the U.S. rig count also saw its
Read More...Dominion Energy has decided to exit the natural gas pipeline and storage business, selling off its vast network of pipelines in the Marcellus/Utica (and beyond) to Warren Buffet’s Berkshire Hathaway for $9.7 billion ($4 billion in cash, the rest in assumed debt). In a related announcement, Dominion said it is throwing in the towel and
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