Asset Management
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
A credible custody-transfer record depends on far more than the accuracy of a single meter. It is the product of an integrated measurement chain. While meter performance supports measurement-system integrity, commercial confidence also depends on traceability, governance, and authorization.
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The withdrawal comes at a time of increasing tension between the US and Iraq, which makes investment in the country riskier. -
The Italian oil and gas company used a “fast track” model to get the first production well flowing from the Agogo field.
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The companies will focus on research and development to reduce CO2 emissions and promote the circular economy.
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Sharp reductions in operating expenses has rekindled growth and exploration in the UK North Sea, but this fragile recovery will require a continued luck in exploration drilling and a focus on holding the line on costs, which are still high.
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Researchers described the temperature changes at the point where liquid meets the vapor during evaporation. The explanation, developed using the Direct Simulation Monte Carlo method, will allow scientists to more accurately simulate the performance of systems based on the theory of evaporation.
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The head of the world’s largest oil company calls the current discussion of climate change too narrowly focused.
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The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.
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Landmark deal called most significant since 1979 peace treaty.
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Stress Engineering Services (SES) acquired Laserstream, a company specializing in laser mapping of tubular assets. The acquisition will add high-resolution pipe inside-diameter scanning hardware and imaging software to SES’ technology portfolio for its service offering of nondestructive testing, asset condition-based maintenance and monitoring, predictive data analyti…
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Sparrows Group was awarded a 5-year contract with Tengizchevroil (TCO) to deliver specialist lifting inspection services for the Tengiz field in Kazakhstan.
