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Chevron stresses on the need of collaboration category
July 11, 2018
Source: Vanguard

Chevron stresses on the need of collaboration

Speaking at the Nigerian Oil and Gas conference in Abuja, Chevron Nigeria’s MD advocated the need of collaboration among the oil firms so as to realize sustained investment and growth in the oil and gas industry in the country. He stressed over the creation of an enabling environment for investment to prosper, all the while congratulating the Nigerian government for its efforts in the direction.

Baytex and Raging River merger deal category
June 19, 2018
Source: Compelo

Baytex and Raging River merger deal

A C$2.8bn ($2.13bn) merger agreement has been signed by the Canada-based Baytex Energy and its rival oil company, Raging River Exploration. The merged entity will trade under the name Baytex Energy, with a total worth of approximately $5bn. The combined firm will have an approximate production capacity of 94,000 boe/d, with a very diverse oil asset portfolio across Canada and in Texas.

Statoil begins mobilization for completion of Norway's Johan Sverdrup category
May 6, 2018
Source: World Oil

Statoil begins mobilization for completion of Norway's Johan Sverdrup

Marking the beginning of the offshore mobilization of the giant field, which will be in production for more than 50 years, up to 2,400 men and women have started to mobilize for the hook-up and completion of Johan Sverdrup field in the North Sea. This is seen as a big day for Statoil and the Johan Sverdrup partnership.

New 2D multi-client program offshore West Africa commenced by Ghana category
May 4, 2018
Source: World Oil

New 2D multi-client program offshore West Africa commenced by Ghana

In collaboration with Geoex and Ghana Geophysical, ION Geophysical Corporation announced that acquisition has begun on a new 2D multi-client program offshore Ghana. Together with its partners, ION will acquire about 7,200 km of data in advance to understand better the hydrocarbon potential of the area.

W&T Offshore, BHGE join hands for 14 GOM projects category
May 2, 2018
Source: World Oil

W&T Offshore, BHGE join hands for 14 GOM projects

W&T Offshore and Baker Hughes, a GE company (BHGE), have come together in a strategic partnership for 14 drilling projects, most of which are operated by W&T in the Gulf of Mexico (GOM). The idea is to utilize the BHGE’s expertise in engineering, products and services to reduce total project costs and time, consequently enhancing the execution efficiency.

SABIC to be part of UK Plastics Pact category
April 30, 2018

SABIC to be part of UK Plastics Pact

SABIC has signed an agreement to become a part of the UK Plastics Pact. Led by WRAP, a non-profit organization, it is a unique initiative which aims to transform the plastic packaging system in the UK and keep the plastic in the economy and out of the environment. Businesses will collaborate with UK government and NGOs to tackle plastic waste.

Total to develop AI solutions with Google Cloud category
April 25, 2018

Total to develop AI solutions with Google Cloud

Total and Google Cloud have collaborated to jointly develop artificial intelligence (AI) solutions for oil and gas exploration and production aimed at subsurface data analysis. These programs will allow Total’s geologists, geophysicists, reservoir and geo-information engineers to explore and assess oil and gas fields faster and more effectively.

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