Petrobras and its partners will move ahead with the phase 3 development of the Mero oil field in the Libra block offshore Brazil, having taken the investment decision. The Mero field is located deep offshore in the prolific pre-salt area of the Santos Basin, 180 kilometers off the Rio de Janeiro coast. The partners will deploy […]
Petroleum Geo-Services (PGS) has rejected the proposal from its rival Norwegian geoscience data provider TGS-NOPEC Geophysical (TGS) of acquiring its multi-client data library for $600 million citing that the consideration is less. The Norwegian surveying services company said that after reviewing and evaluating the “unsolicited”, conditional and non-binding proposal from TGS, its board has concluded […]
Waterous Energy Fund (WEF), a Canadian energy investment firm, announced that a couple of its portfolio companies – Cona Resources and Strath Resources have merged to create Strathcona Resources, an oil-weighted producer in North America. Based in Calgary, Canada, Strath Resources is focused on developing its core oil and natural gas asset in the Kakwa […]
Graham Corporation, a US-based equipment supplier for the oil refining, petrochemical, and defense industries, has won $11 million in orders for three oil refining projects across Asia. A couple of the projects are in Southeast Asia while the largest project is the first large order bagged in India by the company and is with an […]
Voyager 3D seismic survey : TGS-NOPEC Geophysical (TGS), a Norwegian geoscience data provider has announced a new multi-client US onshore 3D seismic survey called Voyager 3D within the Powder River Basin. Located in Johnson County, Wyoming, the Voyager 3D seismic survey will encompass nearly 555 square kilometers. According to TGS, the high-resolution survey is situated […]
Weatherford International has expanded its collaboration with upstream data visualization provider INT to offer next-level, real-time well visualization in 2D as well as 3D. In this connection, the US oilfield service provider will embed the IVAAP framework of INT into the Weatherford Centro digital well delivery software in order to advance its data visualization capabilities. […]
Southwestern Energy Company has agreed to acquire rival Texas-based oil and gas Montage Resources Corporation in an all-stock deal. Montage Resources, which is presently focused on the Utica and Marcellus Shales of Southeast Ohio, West Virginia and North Central Pennsylvania, has nearly 195,000 net effective core undeveloped acres. The company was created following a merger […]
The New South Wales (NSW) government in Australia has approved the AUD 15 million Western Sydney Green Gas Project (WSGG project) proposed by Jemena, which is set to serve as the largest hydrogen demonstration project in Australia. Jemena said that the Western Sydney Green Gas Project will make use of solar and wind power to […]
US diversified energy company Phillips 66 revealed plans to reconfigure its San Francisco Refinery in Rodeo, California, for producing renewable fuels under the Phillips 66 Rodeo Renewed project. The refinery will stop producing fuels from crude oil and will make fuels from used cooking oil, greases, fats, and soybean oils. The Phillips 66 Rodeo Renewed […]
McDermott International said that Train 3 of the Cameron LNG project in Louisiana, US has started commercial operations. The Cameron liquefaction project is owned by Sempra LNG, Total, Mitsui & Co, and Japan LNG Investment. The Cameron LNG export project, located in Hackberry, has three liquefaction trains with a total capacity of 13.5 million tons […]