Business/economics
A new licensing deal with ZL Chemicals will make Chevron’s unconventional EOR technology available to other tight-oil producers.
Crude benchmarks spiked amid concerns that the US-Iran ceasefire is collapsing as commercial shipping comes under renewed attack.
Schneider Electric says the deal advances its vision of creating intelligent industrial ecosystems that connect physical assets with digital insights across the asset life cycle.
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The new US sanctions against Russia will place added restrictions on international companies taking part in oil development projects with Russian companies and raise doubts about Russia’s plans to expand pipeline exports. -
Service company executives examine how the oil price downturn affected supply and demand for their services in the unconventional sector, and strategies they have undertaken to stay afloat as operators adjust to uncertainty.
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ADNOC’s authority on technology maturity describes the case studies used to test the company’s new technology qualification process.
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In thermal enhanced oil recovery there is one big ingredient: steam. A new startup from Germany believes it has found the oil industry’s cheapest way to make it.
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Second-quarter financial results show a modest improvement for the industry’s three largest oilfield services companies.
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Petronas cancels plans for the development of the Pacific Northwest LNG project in British Columbia intended to take away natural gas from the Montney formation for shipping to Asian countries. Low LNG prices strike a blow to the feasibility of the project.
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Peter Hays, a partner in mergers and acquisitions (M&A) at law firm King & Spalding, says that stabilization in the oil market has helped the industry M&A business to recover.
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Ben Van Beurden, CEO of Royal Dutch Shell, said in his 2Q presentation that the Prelude FLNG is one of three projects under construction that, along with nine others recently brought on line, will deliver USD 10 billion in cash flow by 2018.
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Up to 30% of oil passing through Niger Delta pipelines is stolen. Protecting thousands of miles of pipeline is challenging. Cleaning up the resulting pollution will take decades.
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The newly formed independent producer will operate assets in UK, the Netherlands, Norway, and Denmark.
