TENSE negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus 7.2 million b/d instead of the Q4 2020 level of minus 7.7 million b/d. Wood Mackenzie vice president Ann-Louise Hittle said: “After the initial OPEC session on 30 November, without its non-OPEC partners, signs o...
WOODSIDE has become one of a handful of companies worldwide to simultaneously use more than one million virtual Central Processing Units (vCPUs) on Amazon Web Services (AWS) infrastructure. In late November, Woodside successfully executed the million-vCPU scale computing workload across
By Martin Petricic, Gareth Burton, Rear Admiral Joyce Johnson THE impact of the global COVID-19 pandemic has highlighted how marine and offshore assets can be affected by infectious diseases, and their risks to the maritime environment, just as readily
NEPTUNE Energy has announced first gas production from the Adorf Carboniferous development in north-western Germany. Initial results were positive following successful drilling of the Adorf Z15 appraisal well, in the municipality of Emlichheim. Subsequent production tests indicated flow rates of
NIGERIA LNG (NLNG) has selected Siemens Energy to provide a cryogenic boil-off gas (BOG) compression train for its Bonny Island plant. The solution will play a key role in providing additional BOG handling capability and spares for the existing system.
A WAVE of green and blue hydrogen projects that are poised to be developed in coming years could unlock about US$400 billion worth of spending for the service industry between 2020 and 2035, a Rystad Energy industry analysis reveals. The
GREEN Hydrogen specialist Infinite Blue Energy Group (IBE) has entered into an agreement with leading international energy services company Petrofac to progress its landmark green hydrogen project, Arrowsmith. This will be advanced through Front End Engineering Design (FEED) to support
SCHLUMBERGER has announced the introduction of MagniSphere high-definition NMR logging-while-drilling service. This new service delivers accurate, real-time producibility analysis for optimum well placement, resulting in improved production and recovery in complex reservoirs. “MagniSphere service provides operators with a full understanding
AT a time when community and workplace environments are changing on a daily basis, new technology that provides reliability, comfort and ease-of-use has become increasingly important. This is particularly so in the communications area, where hard working, top quality equipment
BLUE Energy Limited has advised that Non-Executive Director Karen Johnson has retired as a Director of the Company due to other work commitments. Ms Johnson was appointed as a Director of the Company on September 30, 2011 and has served
TAS Gas has appointed Phaedra Deckart as its new Chief Executive Officer, To be based in Launceston, Ms Deckart will succeed Cameron Evans, Tas Gas’s CEO for the past two years. Ms Deckart has been a senior executive with AGL
WOOD Mackenzie’s latest analysis shows 2020 is on track to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century. As of mid-November, only US$426 million of assets have changed hands
AGL has completed the acquisition of electricity and gas retailer, Click Energy Group Holdings Pty Ltd, a wholly owned subsidiary of ASX-listed amaysim Australia Limited, for $115 million. AGL CEO Brett Redman said through this acquisition and building on our
SRJ Technologies Group Plc has signed a global collaboration agreement with John Crane – a US subsidiary of diversified multinational group, Smiths Group Plc – to detect and mitigate fugitive methane emissions. The deal will see both companies collaborate to
ASX-listed SRJ Technologies has signed a Memorandum of Understanding (MoU) with Australian company Piping Specialty Supply Service Pty Ltd (PSSS) as a rental provider for its Boltex Bolt Exchange Flange Clamps. PSSS has an existing Australian client base for bolt
