Tag: oil and gas

Emerson’s Bettis™ VOS-PAC™Many projects in the oil and gas industry are facing challenges as they become increasingly complex and technologically demanding.

The Alaska Oil and Gas Association has awarded the “Alaska Oil & Gas Project of the Year for Environmental Stewardship and Innovation” to BP Alaska’s Prudhoe Bay Unit Well Operating Limits Project.

ExxonMobil has recently announed that they are planning to leave the North Sea Oil & Gas industry. The company, one of the largest international oil and gas providers, is in talks with a number of other firms for the sale of its stakes in 40 Oil & Gas fields, with total expected value of £1.6 billion (USD $2 billion).

Circor International revealed it will dispose of its long-cycle upstream oil & gas engineered valve business to P&P Flow Control, an affiliate of Certina Holding AG, with an earnout of 50% of net income over seven years up to a maximum of €18M.This transaction is consistent with the company’s strategy to exit non-core businesses and further simplification.

The British Columbia (B.C.) Oil and Gas Commission has approved a liquefied natural gas (LNG) project located just outside of Squamish, B.C.

Rising oil prices encouraged more spending by small and intermediate oil and gas companies in Western Canada during the first six months of 2018.

RDS, a KCA Deutag business, and Kavin Engineering And Services Private Limited have announced that they have entered into a strategic alliance that will see the two companies combine their strengths and expertise to jointly pursue design and engineering projects across the upstream and midstream oil and gas market.

The U.S. government sees oil production further climbing next year. The Energy Information Administration sees U.S. crude output averaging 11.

Ecopetrol was established in 1948 as the Empresa Colombiana de Petróleos. After assuming assets from another company, Ecopetrol undertook activities in the oil chain as a State-owned Industrial and Commercial Company.

Exxon Mobil Corporation said that Jeff Woodbury, VP of investor relations and secretary, has chosen to retire after 35 years of service.