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Reports 20 June that Iran shot down a US Navy drone over the Strait of Hormuz—the global oil market’s most critical transit point—exacerbated tensions in the region following a pair of attacks on oil tankers in the Gulf of Oman just a week earlier. -
Marathon Oil says its shale fields are producing more oil and gas with less hands-on work from company personnel thanks to a growing arsenal of digital technologies and workflows.
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New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.
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The 2019 SPE Annual Technical Conference and Exhibition (ATCE) will be held in Calgary, Alberta, Canada on 30 September – 2 October. The Opening General Session will focus on “Positively Impacting the World Through Responsible Energy Development.” The technical program includes 57 technical sessions and 12 special sessions on the latest technologies and best practices…
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Canadian engineering and construction group SNC-Lavalin has named Ian L. Edwards as its interim president and CEO. Edwards, who has been the company’s COO since January, holds more than 30 years of global experience in delivering infrastructure and resources projects across North America, Europe, the Middle East, and the Asia Pacific region. He joined SNC-Lavalin in 2…
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SponsoredParaffins present in crude oil can gel or precipitate, which can cause pipeline and production system blockages. Dow’s ACCENT wax inhibitors are high-active, aqueous-based chemistry, that efficiently control paraffin deposition in pipelines.
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Bravo is the second of four platforms to be decommissioned and removed from the Brent field, following Brent Delta in 2017. The field has produced approximately 3 billion boe since 1976.
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Ranking places US ahead of Saudi Arabia and Russia.
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The $20-billion FID is the largest ever for a sub-Saharan oil and gas project. The project’s location on the African east coast puts it in optimal position to sell LNG to the lucrative Asian market.
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Malaysian FPSO provider Yinson has secured a long-term contract extension through October 2022 with Nigerian company Addax Petroleum Development for its Adoon FPSO. The deal’s value is estimated to be $137.5 million. Yinson had previously won a one-month extension for the FPSO, which is moored at Block OML 123 offshore Nigeria, as it discussed the framework of a long-…
