Petroleum industry

Valaris Announces Floater Contract Award

Retrieved on: 
Monday, July 12, 2021
Maritime, Mining, Minerals, Transport, Oil, Gas, Energy, Natural Resources, Offshore engineering, Petroleum production, Drillship, Offshore drilling, Petroleum industry, Semi-submersible, Valaris, Offshore, Articles, Petroleum, Energy industry

Valaris Limited (NYSE: VAL) announced today that it has been awarded a 16-well contract with Woodside offshore Australia for semisubmersible, VALARIS DPS-1.

Key Points: 
  • Valaris Limited (NYSE: VAL) announced today that it has been awarded a 16-well contract with Woodside offshore Australia for semisubmersible, VALARIS DPS-1.
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.
  • Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin.
  • Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation.

Streamlining the Supply Chain for the Future of World Energy - VALYNT Secures Contract with ESSCO to Provide Saudi Aramco with Proprietary Chemicals Related to Production and Refinement of Petroleum Products

Retrieved on: 
Monday, July 12, 2021
Companies of Saudi Arabia, Economic history of Saudi Arabia, Dhahran, Saudi Aramco, Petroleum industry, Economy of Saudi Arabia

"We are incredibly proud to announce our role in helping Saudi Aramco power the world," said Smith.

Key Points: 
  • "We are incredibly proud to announce our role in helping Saudi Aramco power the world," said Smith.
  • We're dramatically lowering real-world costs for our partners and doubling the delivery efficiency of critical raw materials and products, from oil to steel."
  • One of the fastest-growing supply chain companies, VALYNT provides high-efficiency oilfield additive products in bulk quantities at less cost.
  • VALYNT partners include Saudi Aramco, Kuwait Oil Company, Kataman Metals, ESSCO Energy Supply & Services Company, Alton Steel Inc. and Liberty Steel and Wire.

Ranger Energy Services, Inc. Acquires PerfX Wireline Services

Retrieved on: 
Friday, July 9, 2021
Energy, Other Energy, Oil, Gas, Petroleum production, Oil wells, Tools, Well logging, Wireline, Petroleum industry, Pump, Science and technology, Technology

Ranger is pleased to announce the acquisition of PerfX, its second wireline acquisition in the last several weeks.

Key Points: 
  • Ranger is pleased to announce the acquisition of PerfX, its second wireline acquisition in the last several weeks.
  • The combination of Patriot and PerfX significantly increases the scale and scope of our existing Mallard wireline business.
  • Together, the Patriot and PerfX transactions add 55 wireline trucks, 10 cranes, and four pump-down pumps to Rangers existing Mallard fleet of 13 wireline trucks and eight pumps.
  • XConnect is the manufacturer of a perforating gun system developed over the last several years by the PerfX sellers alongside the PerfX Wireline service business.

Enbridge Inc. to Host Webcast to Discuss 2021 Second Quarter Results on July 30

Retrieved on: 
Thursday, July 8, 2021
Enbridge, S&P/TSX 60, Oil pipelines, ENB, Pipelines in Canada, Petroleum industry

A webcast replay will be available shortly after the conclusion of the event and a transcript will be posted to Enbridge's website approximately 24 hours after the event.

Key Points: 
  • A webcast replay will be available shortly after the conclusion of the event and a transcript will be posted to Enbridge's website approximately 24 hours after the event.
  • Enbridge Inc. is a leading North American energy infrastructure company.
  • We safely and reliably deliver the energy people need and want to fuel quality of life.
  • The Company's common shares trade on the Toronto and New York stock exchanges under the symbol ENB.

LSU Petroleum Engineering Professor Works to Detect Oil Leaks Early

Retrieved on: 
Thursday, July 8, 2021
Leak, Plumbing, Petroleum industry, Engineering, Sensors

Baton Rouge, LA, July 08, 2021 (GLOBE NEWSWIRE) -- Imagine if oil and gas companies were able to detect a leak before marine life, and sometimes human life, were destroyed.

Key Points: 
  • Baton Rouge, LA, July 08, 2021 (GLOBE NEWSWIRE) -- Imagine if oil and gas companies were able to detect a leak before marine life, and sometimes human life, were destroyed.
  • LSU Petroleum Engineering Assistant Professor Jyotsna Sharma is helping make this possible through her research, funded by a $750,000 grant from the Department of Energy, using quantum-enhanced fiber sensing for oil and gas applications.
  • Sharma, who also serves as the Devon Energy Career Development Professor at LSU, is working alongside University of Oklahoma Physics and Astronomy Associate Professor Alberto Marino to develop a quantum-sensing approach that is compatible with current infrastructure in the oil and gas industry and can outperform the current state-of-the-art techniques.
  • Current commercial techniques for leakage detection are limited by environmental and background noise and dont offer enough sensitivity to detect small leaks.

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of Second-Quarter 2021 Earnings

Retrieved on: 
Tuesday, July 6, 2021
Petroleum industry, Energy industry, Oil fields, Energy, Midstream, Oil storage, Petroleum transport

An audio replay will be available on the website after the call.

Key Points: 
  • An audio replay will be available on the website after the call.
  • Additionally, a transcript will be included within the 2Q21 Earnings Package found within the Investor Kit section of the above referenced website.
  • PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids ("NGL"), and natural gas.
  • On average, PAA handles more than 5 million barrels per day of crude oil and NGL in its Transportation segment.

Valaris Announces Floater Contract Award

Retrieved on: 
Tuesday, July 6, 2021
Oil, Gas, Energy, Offshore engineering, Petroleum production, Petroleum industry, Drillship, Oil companies, Offshore drilling, Energy industry, Semi-submersible, Offshore, BP, Valaris plc

Valaris Limited (NYSE: VAL) announced today that it has been awarded a four-well contract with BP offshore Mauritania and Senegal for drillship, VALARIS DS-12.

Key Points: 
  • Valaris Limited (NYSE: VAL) announced today that it has been awarded a four-well contract with BP offshore Mauritania and Senegal for drillship, VALARIS DS-12.
  • The contract is expected to commence in the first quarter of 2022 with an estimated duration of 285 days.
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.
  • Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin.

Williams Announces Upstream Operator and Joint Venture in the Wamsutter Field

Retrieved on: 
Tuesday, July 6, 2021
Oil, Gas, Energy, Natural gas, Petroleum industry, Petroleum production, Process engineering, Energy industry, Oil refining, Midstream, Oil storage, Wamsutter, Wyoming, Downstream, Upstream, Williams, Crowheart, WILLIAMS, CROWHEART

Williams (NYSE: WMB) announced today that it has finalized an upstream joint venture with Crowheart Energy (Crowheart) in the Wamsutter Field of the Greater Green River Basin of Wyoming.

Key Points: 
  • Williams (NYSE: WMB) announced today that it has finalized an upstream joint venture with Crowheart Energy (Crowheart) in the Wamsutter Field of the Greater Green River Basin of Wyoming.
  • Williams strategic efforts to combine the Wamsutter Field reserves will enhance the value of its midstream and downstream natural gas and NGL infrastructure.
  • Todays announcement is the culmination of Williams consolidation efforts in the Wamsutter Field.
  • Under the joint venture, Crowheart will operate the parties consolidated upstream position and Williams will continue to operate and retain full ownership of its midstream assets.

BLACK ROCK PETROLEUM SIGNS LETTER OF INTENT TO ACQUIRE CALEDONIAN MIDSTREAM CORPORATION

Retrieved on: 
Sunday, July 4, 2021
Natural gas, Petroleum industry, Midstream, Articles, Energy

Caledonian will become a wholly owned subsidiary of Black Rock upon completion of the transaction.

Key Points: 
  • Caledonian will become a wholly owned subsidiary of Black Rock upon completion of the transaction.
  • Zoltan Nagy, Chief Executive Officer of Black Rock, commented on the announcement, Caledonian Midstream is a great fit for Black Rock.
  • Black Rock Petroleum Company is an oil and gas exploration-stage company and a distributor of oil field equipment.
  • To learn more about Black Rock Petroleum, please visit https://www.blackrockdrilling.com

Hugoton Royalty Trust Announces Agreement To Sell Trust Assets

Retrieved on: 
Friday, July 2, 2021
XTO Energy, Petroleum industry, Articles, Trust law, Royalty trust, Purchase and sale agreement, Law

DALLAS, July 2, 2021 /PRNewswire/ --Simmons Bank, as trustee (the "Trustee"), of Hugoton Royalty Trust (OTCQB:HGTXU) (the "Trust"), announced today that it has entered into a purchase and sale agreement with XTO Energy Inc. ("XTO Energy") pursuant to which XTO Energy would, subject to the terms and conditions in the purchase and sale agreement, acquire for $6,600,000 in cash the net overriding royalty interest created pursuant to the net overriding royalty conveyancesheld by the Trust and certain other assets constituting substantially all of the assets of the Trust.

Key Points: 
  • DALLAS, July 2, 2021 /PRNewswire/ --Simmons Bank, as trustee (the "Trustee"), of Hugoton Royalty Trust (OTCQB:HGTXU) (the "Trust"), announced today that it has entered into a purchase and sale agreement with XTO Energy Inc. ("XTO Energy") pursuant to which XTO Energy would, subject to the terms and conditions in the purchase and sale agreement, acquire for $6,600,000 in cash the net overriding royalty interest created pursuant to the net overriding royalty conveyancesheld by the Trust and certain other assets constituting substantially all of the assets of the Trust.
  • The Trustee intends to call a special meeting of Unit holders for the purpose of approving the sale of assets.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • This communication is being made in respect of the proposed transaction involving the Trust and XTO Energy.