Colombia needs to pursue a much more aggressive oil exploration strategy in order to avoid highly contested fracking activities or an increase in gas prices as a result of importing, according to GlobalData. The leading data and analytics company notes…
The speed at which new rigs are put to new developments is considerably less than in previous price cycles. Most US shale producers are being conservative in their production and capital guidance, as priorities remain around protecting balance sheets and…
Despite being a net exporter of liquefied natural gas (LNG), Southeast Asia is set to increasingly rely on imported LNG through 2030 to meet the growing demand and support the waning domestic supplies, says GlobalData, a leading data and analytics…
EnerMech has announced that Daniel McCarthy has joined the company as its strategic proposals director to help accelerate its planned growth across the business. Mr McCarthy started his 18-year career in the oil and gas, engineering and construction sector at…
Chevron Corporation has just announced the appointment of Eimear Bonner as vice president, reporting to Chairman and CEO Michael Wirth, effective August 2. Bonner will also continue as president, Chevron Technical Center, and chief technology officer, overseeing the application of…
Chevron Corporation (NYSE:CVX) has just announced that Joseph C. (Joe) Geagea, executive vice president, Technology, Projects and Services, will retire from the company after 40 years of outstanding service. Geagea will continue as an executive vice president and serve as…
nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, is pleased to announce the launch of a new range of nVent RAYCHEM hazardous area heat tracing panels for the European market. Designed, manufactured and certified…
Global energy consultancy Xodus has launched a new report urging a bolder vision to enable the UK to become a global leader in the adoption of hydrogen. Titled, ‘The UK - the Global Hydrogen Centre’ and produced for the SPE…
All modules lifted each as single piece with no change in each lifting position Mammoet completed a heavy lift project using its PT 50 ring crane during an expansion project at India’s Paradip Refinery. Opened in 2016, the refinery is…
Global energy consultancy Xodus is assessing the infrastructure and modifications required to enable electrification of Harbour Energy’s Central North Sea assets following the successful delivery of a power optimisation study examining the opportunities available to rationalise the generation systems on…
Hydrocarbon demand is set to fall in the coming decades due to the measures the Paris Agreement signee governments will take to discourage emissions and ensure the success of net-zero goals. This agreement will render conventional oil and gas activity…
Global energy technology firm RotoJar has rebranded to become HydroVolve, appointing Jamie Airnes as CEO and launching a new pioneering range of technology solutions built on its patented hydraulic-powered downhole engine. Incorporated in 2011 by successful engineer and technology entrepreneur,…
TotalEnergies, through Lampiris, its energy supply affiliate in Belgium, signed a Corporate Power Purchase Agreement with Air Liquide. TotalEnergies will supply 50 GWh per year of renewable electricity over a period of 15 years. Air Liquide will use this renewable…
While investment in clean energy plays a huge part in achieving global climate goals, it must coincide with the further electrification of industrial processes. Even in the oil and gas industry, there is significant room for the decarbonization of processes,…
Markku Korvenranta, M.Sc. (Eng), has been appointed as Executive Vice President, Oil Products business unit and member of the Neste Executive Committee. He will join Neste in January 2022, at the latest, and will report to President and CEO Peter…