Wednesday, 13 October 2021 09:54
Sapphire Technologies Closes Series A Funding Round with Investments from Cooper and Company, Equinor Ventures and Chevron Technology Ventures
Sapphire Technologies has just announced that it has closed its Series A round led by Cooper and Company and joined by Equinor Ventures and Chevron Technology Ventures. The investment capital will be used to scale up manufacturing and distribution of…
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Oil & Gas
Wednesday, 13 October 2021 09:50
Angolan crude production expected to continue decline but marketed gas reaches record high of 720mmcfd in 2021
Angola’s crude oil production has seen a drastic decline of almost 30% in just six years, from 1.7 million barrels per day (mmbd) in 2015 to just shy of 1.2mmbd in 2021, according to GlobalData. The leading data and analytics…
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Oil & Gas
Tuesday, 05 October 2021 12:45
BHP merger adds complications for Woodside’s energy transition narrative
The merger of BHP’s petroleum business with Australian oil and gas producer, Woodside. The deal adds significant oil production for Woodside and will ultimately lead to a more carbon intensive product base over the near term, says GlobalData, a leading…
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Oil & Gas
Tuesday, 05 October 2021 10:00
FOCUS30 crane completes first project
Crane for confined spaces delivers lift at complex refinery site Mammoet has completed the first lift using its innovative FOCUS30 crane; helping to reduce disruption during scheduled turnaround activity at a refinery in the UK. The FOCUS30 performed a top-and-tail…
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Oil & Gas
Monday, 04 October 2021 11:56
'Climate change' discussions in the O&G industry on the rise as US firms take action
Climate policy is a hot topic in the oil & gas (O&G) industry, with the theme ‘Climate Change’ mentioned over 210,000 times in GloblaData’s Filing Analytics database of global O&G company filings in 2020 and 2021 combined – a 41%…
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Oil & Gas
Monday, 04 October 2021 10:11
Oil Plus wins trio of new awards in UKCS, India and Africa
Specialist oil and gas consultancy Oil Plus Ltd has secured a number of significant international contract awards totalling more than £1.5million in the first half of this year, signalling that it is on track to increase its revenues by 50%…
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Oil & Gas
Monday, 04 October 2021 09:54
Former Soviet Union expected to lead global working gas capacity additions by 2025, says GlobalData
The Former Soviet Union (FSU) is expected to lead the global planned and announced working gas capacity additions, contributing approximately 34% of the total global capacity additions by 2025, says GlobalData, a leading data and analytics company. The company’s report,…
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Oil & Gas
Tuesday, 28 September 2021 10:53
Tech-enabled asset management holds key for oil & gas upstream industry, says GlobalData
The upstream oil & gas industry is investing heavily in search for new reserves or resource plays, new extraction technologies, and advancements in operational automation. Even though this involves some risk, tech-savvy businesses understand that today's investment can shower massive…
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Oil & Gas
Thursday, 23 September 2021 10:50
Ampelmann responds to growing demand in the Middle East with two new L-type systems
An uptick in projects and an increasing demand for its solutions has prompted Ampelmann, the Dutch offshore access provider, to mobilise two new L-type systems to the Middle East. The company has long been the preferred choice for both national…
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Oil & Gas
Wednesday, 22 September 2021 09:36
Lhyfe, Aquaterra Energy and Borr Drilling form partnership for pioneering offshore green hydrogen jack-up rig production concept
Lhyfe, renewable hydrogen producer and supplier has signed a partnership with Aquaterra Energy, a leader in global offshore engineering solutions, and offshore drilling contractor Borr Drilling to develop an innovative concept for offshore green hydrogen production in the North Sea.…
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Oil & Gas
Wednesday, 15 September 2021 11:51
STATS Group complete six concurrent North Sea pipeline shutdown campaigns
Pipeline technology specialist, STATS Group, has successfully completed the largest number of simultaneous pipeline isolation projects in its 23 year history. During the 2021 summer shutdown season, STATS supported six separate Tecno Plug isolation deployments in the UK North Sea,…
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Oil & Gas
Wednesday, 15 September 2021 11:08
OILFIELD SERVICES SECTOR ALREADY COMMITTING TO ‘GREEN’ ENERGY, ACCORDING TO NEW PROTOLABS REPORT
The oilfield services sector is radically restructuring to survive in a world moving towards net-zero carbon emissions, according to a new industry report released today. Almost three quarters (73%) of the UK respondents to ‘Decision Time’ – a Protolabs report…
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Oil & Gas
Wednesday, 15 September 2021 10:25
Tendeka secures $30m worth of new wells contracts
Global completions specialist Tendeka has secured more than $30million USD worth of international contracts within the last quarter which will cover the next three years. In addition to this unplanned revenue, the company has won long-term work with operators for…
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Oil & Gas
Wednesday, 15 September 2021 09:56
FutureOn’s next-generation digital twin technology shortlisted for an OGUK Award
FutureOn, the global energy software company and creator of the award-winning, SaaS field design applications, FieldTwin Design and its API-centric collaboration platform, FieldTwin, has been named as a finalist at the OGUK Awards 2021. The company has been shortlisted in…
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Oil & Gas
Monday, 13 September 2021 21:35
Chevron, Mercuria Announce CNG Fueling Network Joint Venture
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), announced today the signing of definitive agreements to form a joint venture with Mercuria Energy Trading (Mercuria), one of the world’s largest integrated energy and commodities companies, to own and…
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Oil & Gas