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Company Operations News

Thursday, March 23, 2017   (Today)

Company Operations News

Algeria's Sonatrach to Invest $50 Billion, Boost Oil Output
Sonatrach Group plans to boost crude output by 14% in the four years to 2019 and invest billions of dollars in exploration.

Shell Reluctant To Part With California Refinery Amid Asset Sale
Royal Dutch Shell is in talks with several potential buyers for its refinery outside of San Francisco, but the Anglo-Dutch oil giant is reluctant to part with its last asset in California.

Top Asian LNG Buyers Form Alliance To Push For Flexible Contracts
3 of Asia's top buyers of liquefied natural gas (LNG) agree to work together to secure more flexible contracts when buying the commodity.

CNPC Sees Fourth Leg Of Shaanxi-Beijing Pipeline Operational In October
China National Petroleum Corp expects the fourth leg of the Shaanxi to Beijing pipeline to be operational in October.

Repsol Chooses Atlas for Onshore, Offshore Consultant Provision
Repsol chooses Atlas Professionals as the preferred supplier for the provision of onshore and offshore technical consultants.



Wednesday, March 22, 2017

Company Operations News

Petrochina's Head Of Crude Oil Trading Resigns, Replaced By Deputy
The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company.

Wintershall Says Ready To Continue Supporting Nord Stream 2
Wintershall is still looking for ways to support the Nord Stream 2 pipeline project.

High Calibre Staff Helps EnerMech Secure Prelude FLNG Contract
The high calibre of its staff helps EnerMech secure a pre-commissioning subcontract with Technip Oceania Pty Ltd on the Shell Australia operated Prelude FLNG project.

China's Sinopec Buys First Major African Refinery In Chevron Deal
China's Sinopec agrees to pay almost $1 billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.



Tuesday, March 21, 2017

Company Operations News

Rosneft Signs Deal To Supply 10 LNG Cargoes To Egypt In 2017
Rosneft signs a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company this year.

Marathon Adds To Permian Acreage With $700MM Buy
Marathon Oil Corp buys additional acreage in the Permian basin for about $700 million.

Aker Solutions Secures Johan Sverdrup Phase 2 FEED Contract
Aker Solutions secures a front-end engineering and design (FEED) contract from Statoil for the second phase of the Johan Sverdrup development offshore Norway.

HITS JIP Helps EM&I Increase Employment Opportunities
A Hull Inspection Techniques and Strategies (HITS) joint industry project, led by EM&I Group, has led to a number of new innovations which have increased employment opportunities throughout the company.



Monday, March 20, 2017

Company Operations News

Algerian State Energy Firm Sonatrach Replaces CEO
Sonatrach has replaced Chief Executive Amine Mazouzi after less than two years on the job.

Newcomer Borr Scoops Up Transocean Rigs For $1.4B As Dealmaking Heats Up
Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean's fleet of shallow-water drilling rigs for $1.35 billion.

Indonesia Plans To Sue Thailand's PTTEP Over 2009 Oil Spill
Indonesia is preparing to sue a unit of Thailand's PTT Exploration and Production (PTTEP) over alleged environmental damage from the Montara oil spill in 2009.

China Rescues 13 From Burning Oil Tanker In East China Sea
Chinese authorities rescue 13 people from oil tanker Xinglongzhou 569 that caught fire after a suspected explosion around 5pm on Sunday in the East China Sea.

Borr Drilling Signs Deal With Transocean to Buy 15 Rigs
Borr Drilling Limited signs a deal with Transocean for the acquisition of 15 high-specification jack-up rigs.



Friday, March 17, 2017

Company Operations News

Statoil's Strategy Chief John Knight To Leave Oil Firm In 2019
John Knight, Statoil's head of global strategy and business development, will leave the Norwegian oil firm in 2019.

Semco Maritime Inks Deal with Maersk Oil and Gas; Will Add Offshore Jobs
Semco Maritime enters into its largest contract in company history with Maersk Oil and Gas to add jobs in the North Sea.






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