Petroleum industry

Eimear Bonner Appointed Chevron Vice President

Retrieved on: 
Monday, August 2, 2021
Technology, Energy, Other Technology, Oil, Gas, Oil companies, Chevron Corporation, Corporate crime, Petroleum industry, Companies, CVX, Chevron, Michael Wirth, Lubricant, Crude

Chevron Corporation (NYSE:CVX) today announced the appointment of Eimear Bonner as vice president, reporting to Chairman and CEO Michael Wirth, effective August 2.

Key Points: 
  • Chevron Corporation (NYSE:CVX) today announced the appointment of Eimear Bonner as vice president, reporting to Chairman and CEO Michael Wirth, effective August 2.
  • Bonner will also continue as president, Chevron Technical Center, and chief technology officer, overseeing the application of technology, research and development, and Chevrons digital strategy.
  • I welcome Eimear to Chevrons executive leadership team, Wirth said.
  • Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.

NexTier Announces the Launch of Its Power Solutions Natural Gas Fueling Services in the Permian Basin

Retrieved on: 
Monday, August 2, 2021
Natural gas, Fuel gas, Fuels, Energy, Compressed natural gas, Chemical substances, Petroleum industry, Midstream, Natural-gas condensate, Natural gas vehicle

HOUSTON, Aug. 2, 2021 /PRNewswire/ --NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced the commercial launch of its Power Solutions division, a business dedicated to providing comprehensive fueling services to natural gas-powered fleets in the Permian Basin.

Key Points: 
  • HOUSTON, Aug. 2, 2021 /PRNewswire/ --NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced the commercial launch of its Power Solutions division, a business dedicated to providing comprehensive fueling services to natural gas-powered fleets in the Permian Basin.
  • With today's announcement, NexTier takes another leap forward in our commitment to provide low-cost, low-carbon solutions to the oil and gas industry.
  • The addition of Power Solutions integrates the latest in compressed natural gas (CNG) supply and field-gas handling technologies with NexTier's existing portfolio of natural gas-fueled completion services.
  • EagleClaw Midstream provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water.

OPEC Fund Assigned Inaugural Credit Rating of AA+ From Fitch Ratings

Retrieved on: 
Thursday, July 29, 2021
OPEC, OPEC Fund for International Development, Petroleum politics, Petroleum industry, Primary sector of the economy, Energy

VIENNA, July 29, 2021 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.

Key Points: 
  • VIENNA, July 29, 2021 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.
  • Fitch cited the OPEC Fund's excellent capitalization, liquidity levels and asset quality as key rating strengths.
  • OPEC Fund Director-General Abdulhamid Alkhalifa welcomed the Fitch ratings announcement, which pays testament to the OPEC Fund's 45 year track record of delivering successful development outcomes in line with the organization's unique South-South mandate.
  • The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.

OPEC Fund Assigned Inaugural Credit Rating of AA+ From Fitch Ratings

Retrieved on: 
Thursday, July 29, 2021
OPEC, OPEC Fund for International Development, Petroleum politics, Petroleum industry, Primary sector of the economy, Energy

VIENNA, July 29, 2021 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.

Key Points: 
  • VIENNA, July 29, 2021 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.
  • Fitch cited the OPEC Fund's excellent capitalization, liquidity levels and asset quality as key rating strengths.
  • OPEC Fund Director-General Abdulhamid Alkhalifa welcomed the Fitch ratings announcement, which pays testament to the OPEC Fund's 45 year track record of delivering successful development outcomes in line with the organization's unique South-South mandate.
  • The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.

Enbridge Appoints New Director to its Board

Retrieved on: 
Thursday, July 29, 2021
Enbridge, S&P/TSX 60, ENB, Oil and gas companies, Petroleum industry, Companies

CALGARY, AB, July 29, 2021 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB)is pleased to announce that its Board of Directors has appointed Mayank (Mike) Ashar as a director of Enbridge.

Key Points: 
  • CALGARY, AB, July 29, 2021 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB)is pleased to announce that its Board of Directors has appointed Mayank (Mike) Ashar as a director of Enbridge.
  • Most recently, Mr. Ashar was Executive Director, Managing Director and Chief Executive Officer of Cairn Energy India Ltd.Prior thereto, he served as President of Irving Oil Ltd. Mr. Ashar is currently a director of Teck Resources Ltd.
    "On behalf of the Board of Directors of Enbridge, we are very pleased to welcome Mike to the Enbridge Board.
  • His extensive industry experience will be a strong addition to our Board," stated Greg Ebel, the Chair of the Board of Directors of Enbridge.
  • Enbridge Inc. is a leading North American energy infrastructure company.

Brooge Energy Ltd. Announces Positive Feasibility Study for Proposed Phase III Facility

Retrieved on: 
Wednesday, July 28, 2021
Emirates of the United Arab Emirates, Emirate of Fujairah, Petroleum industry, Fujairah City, Port of Fujairah, Midstream, Fuel oil, Strait of Hormuz, Gulf Petrochem

NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, in the Port of Fujairah in the United Arab Emirates, today released the results of the feasibility study commissioned for Brooge Energy’s Phase III oil storage facility and refinery. The feasibility study supports the financial viability of the Company’s Phase III expansion plan, highlighting upcoming infrastructure investments in the region as a key driver of sustainable storage demand and rising domestic and export demand for refined products as a key driver of refinery demand.

Key Points: 
  • NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (Brooge Energy or the Company) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, in the Port of Fujairah in the United Arab Emirates, today released the results of the feasibility study commissioned for Brooge Energys Phase III oil storage facility and refinery.
  • The successful build out of Brooge Energys Phase III facility would position the Company as the largest independent oil storage facility in Fujairah, with capacity to store Clean Petroleum Products; Middle Distillates; High and Low Sulphur Fuel oil as well as crude oil.
  • The Phase III expected construction period is two years, with the Company anticipating it will be operational within 2023.
  • Brooge Energy conducts all of its business and operations through its wholly owned subsidiaries, Brooge Petroleum and Gas Investment Company FZE (BPGIC) and Brooge Petroleum and Gas Investment Company Phase III FZE (BPGIC III), Fujairah Free Zone Entities.

Hart Energy Announces 2021 Oil and Gas Investor 'Forty Under 40' Honorees

Retrieved on: 
Wednesday, July 28, 2021
Petroleum industry, Natural gas, Midstream, Oil storage, Petroleum transport, Hart Energy, Economic taxonomy, Articles, Industry economics)

HOUSTON, July 28, 2021 /PRNewswire/ -- Hart Energy proudly announces honorees for Oil and Gas Investor's 2021 "Forty Under 40" recognition program.

Key Points: 
  • HOUSTON, July 28, 2021 /PRNewswire/ -- Hart Energy proudly announces honorees for Oil and Gas Investor's 2021 "Forty Under 40" recognition program.
  • Honorees traditionally span varied organizations and disciplines: investment banks, oil and gas producers, midstream operators, service companies and technology providers with responsibilities for management, acquisitions and divestitures, law, finance and more.
  • Video interviews and other special features with these individuals will be posted to theOil and Gas Investor website, just as these interviews were last year.
  • Editorial profiles of each honoree also will appear in a special supplement to Oil and Gas Investor.

SBM Offshore signs FPSO Almirante Tamandaré contracts

Retrieved on: 
Tuesday, July 27, 2021
Petroleum industry, SBM Offshore, Schiedam, Energy, Floating production storage and offloading, Petrobras, SBM

SBM Offshore is pleased to announce it has signed contracts with Petrleo Brasileiro S.A. (Petrobras) for the 26.25 years lease and operation of FPSO Almirante Tamandar.

Key Points: 
  • SBM Offshore is pleased to announce it has signed contracts with Petrleo Brasileiro S.A. (Petrobras) for the 26.25 years lease and operation of FPSO Almirante Tamandar.
  • FPSO Almirante Tamandar will be deployed at the Bzios field in the Santos Basin approximately 180 kilometers offshore Rio de Janeiro in Brazil.
  • SBM Offshore is progressing with the design and construction using its industry leading Fast4Ward program.
  • Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies SBM Offshore or the Company are sometimes used for convenience.

Kenya Petroleum Industry Report 2021: Competition, Influencing Factors, State of the Industry, Industry Associations - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 27, 2021
Oil, Gas, Energy, Natural gas, Petroleum industry, Petroleum production, Chemistry, Energy industry, Oil refining, Midstream, Petroleum transport, Downstream, Vivo Energy, National Oil Corporation of Kenya, Upstream

The "The Petroleum Industry in Kenya 2021" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Petroleum Industry in Kenya 2021" report has been added to ResearchAndMarkets.com's offering.
  • This report focuses on Kenya's petroleum industry, which encompasses upstream oil and natural gas exploration and development activities, midstream bulk storage and transportation of fuel and petroleum products, and downstream activities, including manufacturing and the wholesale and retail trade in refined fuels and petroleum products.
  • It includes information on the size and state of the sector, consumption and production statistics and developments in the upstream and downstream markets.
  • There are profiles of 26 companies including Rubis Energy Kenya, the largest player in the Kenyan downstream petroleum market and other major players such as Total Kenya, Vivo Energy, OLA Energy and the National Oil Corporation of Kenya.

Park Energy Services Announces its Acquisition of Additional Compression Units

Retrieved on: 
Tuesday, July 27, 2021
Finance, Oil, Gas, Energy, Professional services, Other Energy, Petroleum production, Wellhead, Petroleum industry, Energy industry

Rock Hill Capital (Rock Hill) is pleased to announce that its portfolio company, Park Energy Services, LLC (Park), has completed the acquisition of certain lower horsepower operating assets from Archrock, Inc.

Key Points: 
  • Rock Hill Capital (Rock Hill) is pleased to announce that its portfolio company, Park Energy Services, LLC (Park), has completed the acquisition of certain lower horsepower operating assets from Archrock, Inc.
  • Furthermore, the transaction expands Parks customer base and bolsters the companys service capabilities throughout its operating footprint.
  • The transaction is the most recent acquisition by Park as it continues to serve the energy industry as a leading provider of wellhead and vapor recovery compression.
  • Park Energy Services ( www.parkenergyservices.com ), headquartered in Oklahoma City, Oklahoma, operates a fleet of compressor units focused on wellhead compression, gas lift and vapor recovery in major producing basins of Texas, Oklahoma, Pennsylvania, Ohio, New Mexico and Colorado.