S-Oil Corp., Seoul, has let a contract to Lloyd’s Register Group Ltd. (LR), London, to provide a fully integrated risk-based inspection (RBI) system for its new $4.2-billion residue upgrading complex (RUC) and olefin downstream complex (ODC) under construction in Ulsan, South Korea. Source: News
EPA, Army propose rescinding controversial WOTUS rule
The US Environmental Protection Agency, Department of the Army, and Army Corps of Engineers (ACE) jointly proposed rescinding the 2015 Clean Water Rule and restoring language that existed prior to the law’s controversial Waters of the US (WOTUS) provision. Source: News
Gazprom Neft acquires stake in Evrotek-Yugra field from Repsol
PJSC Gazprom Neft has acquired a 25.02% stake in Evrotek-Yugra, which is owned by Spain’s Repsol SA and holds exploration and production rights to seven license blocks in the Khanty-Mansiysk autonomous okrug. Source: News
Egdon fighting to develop UK discovery
Egdon Resources PLC, Odiham, UK, is fighting for approval to develop Wressle oil field in the Yorkshire and the Humber region of England. The company said it will appeal a Jan. 11 rejection of its original application by the North Lincolnshire County Council’s Planning Committee after the committee on July 3 also rejected a supplemental […]
Aramco lets $500-million in offshore contracts
Saudi Aramco has let a contract to Saipem for the engineering, procurement, construction, and installation as well as the trunklines and installation works in Saudi Arabia under a long-term agreement in force, renewed in 2015 until 2021. Source: News
03 Jul 2017 13:00:00 EDT – The latest stock information is now available for your stocks
XOM Last 82.1 Change +1.37 % Change 1.7% Volume 8,372,503 As of: 3 Jul 2017 13:00:00 EDT View: Stock Quote | News CVX Last 106.3 Change +1.97 % Change 1.89% Volume 4,401,446 As of: 3 Jul 2017 13:00:00 EDT View: Stock Quote | News COP Last 45.66 Change +1.70 % […]
03 Jul 2017 12:57:17 EDT – The latest stock information is now available for your stocks
XOM Last 82.23 Change +1.50 % Change 1.86% Volume 6,515,899 As of: 3 Jul 2017 12:57:17 EDT View: Stock Quote | News CVX Last 106.52 Change +2.19 % Change 2.1% Volume 3,493,218 As of: 3 Jul 2017 12:57:17 EDT View: Stock Quote | News COP Last 45.7 Change +1.74 % […]
Preemptive fantasies
Nothing jeopardizes capital more thoroughly than do-or-die bets on the future of oil. That lesson from history should demolish efforts to make oil and gas companies account today for economic and regulatory conditions years or decades from now. Source: News
Total, NIOC to develop Phase 11 of South Pars gas field
National Iranian Oil Co. (NIOC) will begin supplying its domestic market in 2021 with the country’s first-ever international petroleum contract (IPC) with Total SA and state-owned China National Petroleum Co. (CNPC) for Phase 11 of the giant South Pars gas field (SP11). Source: News
Achieving digital maturity
When it comes to achieving digital transformations across the world’s various industries, it is decision-makers working in aviation and construction and contracting who consider their respective businesses to be advancing toward “digital maturity,” while those working in oil and natural gas think their industry trails behind. Source: News