New Chief Executive Appointed To Run Malaysia’s Petronas
The leadership change comes amid a downturn in global crude prices which has lowered the national oil company’s revenues this year. Taking over the position will be the current chief financial officer.
Equinor Makes First Discovery in Gulf of Mexico Since 2015
The Monument well represents the Norwegian operator’s first deepwater drilling project in US waters in 5 years.
Global Upstream Industry Moves Into Survival Mode
As the fallout deepens from the coronavirus pandemic and the global collapse in oil and gas prices, oil- and gas-producing regions around the world are feeling the pain.
First IPTC in Saudi Arabia Attracts Top Executives, Breaks Attendance Record
The first interdisciplinary oil and gas conference to be held in Saudi Arabia, the 12th International Petroleum Technology Conference, was the largest in its history in attendance. This features highlights of the panel and technical sessions, and an interview with Saudi Aramco CEO Amin Nasser.
Chevron, Repsol Awarded Most Blocks in Brazil’s 16th Round
The round included a near-$1 billion signature bonus on a Campos Basin block awarded to a Total-led consortium.
Malaysia’s Petronas is Looking Near and Far for Gas and Oil
The state-owned firm is looking within its home country, around Southeast Asia, and to the Americas—including shale—in an effort to maintain its forecast average yearly production of 1.7 million BOE/D over the next 5 years.
How Southeast Asian Upstream Operators Are Digitalizing
Malaysia’s Petronas, Shell Malaysia, and Thailand’s PTTEP are now in the midst of full-scale digital adoption. The companies are beginning to see results, but none is counting on a “big bang” in development of the technology soon.
One Industry of Global Citizens
An assortment of sustainability initiatives shows how the oil and gas industry, leveraging its reach, diversity, and resources, is going well beyond just supplying energy to impact the world for the better.
Revolutionary, Evolutionary Ideas for Lowering the Cost of Gas Separation
Demand for a better way to remove carbon dioxide (CO2) from natural gas led to the creation of a new material at Rice University in Houston that does something unprecedented on the molecular scale, and might even change gas processing.
Drilling a Difficult Well in Deep Water off Cuba
The list of wells drilled using dual gradient includes one drilled in the “eastern Gulf of Mexico,” which could be more precisely described as offshore Cuba.
Implementing a Process-Safety Program
Between 2006 and 2009, Petronas Carigali embarked on a process-safety program driven by concerns over an increasing trend of process-related incidents.
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04 August 2020