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Results:1 - 10 of 4261 Research and development meta_subject_or=Engineering,Drilling

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  • Equinor (65.11%) and its partners JX Nippon (20%), Siccar Point (8.89%) and ONE-Dyas (6%) have announced first oil from the Mariner field located on the East Shetland Platform in UK block 9/11a in the northern North Sea. The field is expected to produce more than 300mn barrels of oil over the n...

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  • ExxonMobil is preparing to sell its UK North Sea portfolio, including its three main hubs – Penguins, Shearwater and Gannet – for some $2bn (£1.6bn), according to media reports.The oil major currently produces some 5% of the UK’s oil and gas through its joint venture with Shell.If a sale goes throug...

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  • The UK Oil & Gas Authority (OGA) has released the final set of geological maps from the UKCS Regional Geological Maps project.The maps produced by Lloyd’s Register mark the culmination of a three-year project, which has delivered a set of high quality digital, updateable, regional geological map...

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  • Wintershall Dea has begun drilling four production wells on the Dvalin gas field in the Norwegian Sea, getting ready for the field to come onstream in 2020. Dvalin is to be developed as a four-well subsea tie-back to the Equinor-operated Heidrun field. Drilling of the production wells from the Trans...

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  • Saudi Aramco has signed a non-binding letter of intent (LOI) regarding the proposed acquisition of a 20% stake in Reliance Industries’ (RIL) Oil to Chemicals (O2C) division, which is responsible for the company’s refining, petrochemicals and fuels marketing businesses. The deal has been valued at $7...

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  • The European Commission has approved Croatian government plans to fund the construction and operation of a floating LNG terminal at Krk island, in the northern Adriatic Sea, reports Keith Nuthall. The European Union (EU) executive said a direct €100mn subsidy from the Croatian government complied wi...

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  • The Chinese oil sector is facing potential increases in prices when exporting waste fuel oils, waste fuel and waste kerosene to the US from 1 September 2019, after US President Donald Trump announced that more tariffs – of 10% – will be imposed on Chinese exports from that date. The additional dutie...

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  • The government of Uzbekistan has announced a series of energy price increases for both residential and business consumers designed to bring the nation’s fuel and energy sector back to profitability and to encourage greater foreign investment. The new tariffs, which cover electricity, natural gas, LP...

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  • The Abu Dhabi National Oil Company (ADNOC) is taking a 10% stake in global storage terminal owner and operator VTTI. IFM Global Infrastructure Fund and Vitol hold the remaining interest (45% each) in the independent storage company, which owns 15 hydrocarbon storage terminals across 14 different cou...

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  • The upstream sector is witnessing considerably more implementation of the Industrial Internet compared to other oil and gas sectors, driven by the need to reduce operational risks and maximise returns from their assets through digitialisation, according to GlobalData.The Industrial Internet has...

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