Asset Management
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.
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.
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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UK’s active 30th Licensing Round resulted in the award of 123 licenses to a diverse set of 61 companies—an outcome that UK government officials hailed as more proof that interest is picking up in the aging North Sea. -
Wells are starting to come on stronger than expected, which is putting a new emphasis on orginizing all the other ingredients needed for shale production: more rigs, roads, pipelines, water, and sand.
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Even though exports are rising to more than 1.6 million B/D, the US is facing a new bottleneck at its port facilities.
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When two engineers lost their jobs during the industry downturn, they used the misfortune as an opportunity to develop an innovative concept that aims to make it a lot easier to move subsea gas long distances.
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The US re-imposing sanctions on Iran has prompted Total to consider dropping its stake in a project designed to bolster output from the world’s largest gas field.
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Logistical work is taking place in advance of subsea installation activities, which have the large UK North Sea field on track for first oil in 2019.
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The potential sale could net as much as $2 billion, depending on which assets were made available. The company has not launched a formal process but is said to be testing the waters, according to a new report by Reuters.
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Offshore oil and natural gas drilling in the eastern part of the Gulf of Mexico would likely be incompatible with military training and testing, the Pentagon is warning lawmakers.
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Being a startup in oil and gas isn’t always easy, and so it is nice when you get noticed at the industry’s largest gathering, the Offshore Technology Conference. Learn about 10 new companies that industry insiders say are the ones to watch in 2018.
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Petroleum Development Oman has partnered with SparkLabs Group, a global venture and accelerator group, and Phaze Ventures, a new technology group focused on innovation throughout the Middle East, to launch a new accelerator focused on energy technology in the region.
