Oil & Gas Technology News Archive

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	BP licenses its latest generation PTA technology to Dongying Weilian Chemical in China 28th May 2020 Weilian Chemical is a subsidiary of Dongying United Petrochemical Co., Ltd, one of the leading manufacturers and distributors of petroleum and petrochemical products in China. Weilian Chemical intends to...
	Total Confirms the Sale of UK Assets to NEO Energy 20th May 2020 Reflecting recent significant market volatility, Total and Norway-based private equity investor HitecVision have successfully renegotiated the financial terms of the deal to respond to the current...
	Second DeNovo contract win for Aquaterra Energy 18th May 2020 The award follows on from Aquaterra Energy’s successful design, build and installation of its Sea Swift conductor supported platform (CSP) for DeNovo Energy’s first west-coast field development...
	Historic investment decision for transport and storage of CO2 15th May 2020 "The Northern Lights project could become the first step to develop a value chain for Carbon Capture and Storage (CCS), which is vital to reach the global climate goals of the Paris Agreement....
	Hydrogen central to oil & gas industry decarbonisation as expectations for market growth surge - DNV GL research 14th May 2020 A fifth (21%) of senior oil and gas industry professionals say their organization is already actively entering the hydrogen market, according to a new report published by DNV GL, the technical advisor to...
	How can a flexible energy system help deliver net zero? 12th May 2020 The launch of a vital project that will investigate the role of a flexible energy system in achieving a net zero economy has been announced today by a new cross sector consortium. The project, led by the...
	WFS Technologies scoops two esteemed OTC awards for its subsea innovations 6th May 2020 WFS won the Small Business Spotlight on New Technology® Award for both its Seatooth SmartClamp and its Subsea Cloud Computing Network innovations – the only company to win two OTC 2020 awards and...
	Equinor divests its minority shareholding in Lundin Energy 6th May 2020 After the divestment, Equinor ASA will no longer hold any shares in Lundin Energy AB.“This transaction follows our divestment of a 16 percent shareholding in Lundin in July 2019 and concludes what has...
	Petrofac secures UK renewals totalling US$100m 6th May 2020 The awards, gained under a competitive tender process with an International Oil Company, involve the provision of Duty Holder support services for an offshore support vessel, and Operations and Maintenance...
	Shell sells U.S. Appalachia assets to National Fuel 5th May 2020 The consideration is intended to be paid in cash, but National Fuel has the option to provide up to $150 million of NFG common stock as consideration. The transaction is part of divesting non-core assets...