Petroleum industry

Tachyus Adds Texas A&M Petroleum Engineering Chair Jeff Spath To Its List Of Notable Advisors

Retrieved on: 
Friday, July 2, 2021
Petroleum production, Petroleum industry, Liquids, Enhanced oil recovery, Schlumberger, Petroleum engineering, EOR, Petroleum reservoir, Petroleum, Chemistry

HOUSTON, July 2, 2021 /PRNewswire/ --Today Tachyus announced that Jeff Spath, Texas A&M Stephen A. Holditch '69 Department Head Chair in Petroleum Engineering, has joined Tachyus as an Executive Advisor.

Key Points: 
  • HOUSTON, July 2, 2021 /PRNewswire/ --Today Tachyus announced that Jeff Spath, Texas A&M Stephen A. Holditch '69 Department Head Chair in Petroleum Engineering, has joined Tachyus as an Executive Advisor.
  • Spath has over three decades of operational and technical experience in reservoir characterization, numerical modeling and enhanced oil recovery (EOR).
  • Additionally, Spath served as President of the Reservoir Management Group in Schlumberger and later as the CEO of the Texas Oil & Gas Institute.
  • Spath will be among other notable advisors including Adam Brandt from Stanford, Jeri Eagan from Royal Dutch Shell, Daru Darukhanavala formerly from BP and Brandon Simmons, former CEO of Tachyus.

SeekOps Announces Closing of $14M Series B Financing

Retrieved on: 
Thursday, July 1, 2021
Environment, Technology, Other Energy, Utilities, Other Technology, Oil, Gas, Alternative energy, Energy, Hardware, Companies, Oil companies, Schlumberger, Equinor, Petroleum industry, Caterpillar Ventures, OGCI Climate Investments, Equinor Ventures, CATERPILLAR VENTURES, OGCI CLIMATE INVESTMENTS, EQUINOR VENTURES

SeekOps Inc., a Texas-based technology company, announced the closing of its Series B funding.

Key Points: 
  • SeekOps Inc., a Texas-based technology company, announced the closing of its Series B funding.
  • It demands solutions that deliver more precise methods of emissions detection and measurement, said Kahina Abdeli-Galinier, Emissions Management Business Director, Schlumberger.
  • We are pleased to support SeekOps unique offering that can measure emissions from both onshore and offshore operations, said Pratima Rangarajan, CEO of OGCI Climate Investments.
  • Equinor, a member company of OGCI CI, has been an early adopter of SeekOps technology since 2017.

Ecoark Announces Operating Results for Fiscal 2021 and Provides Financial Guidance for Fiscal 2022

Retrieved on: 
Wednesday, June 30, 2021
Petroleum industry, Midstream, Oil storage, Petroleum transport, Articles, Energy, Economic taxonomy

Ecoark is unable to accurately forecast EPS due to the volatility of non-cash gains and losses from changes in derivative liability, so EPS guidance has not been disclosed.

Key Points: 
  • Ecoark is unable to accurately forecast EPS due to the volatility of non-cash gains and losses from changes in derivative liability, so EPS guidance has not been disclosed.
  • Founded in 2011, Ecoark is a diversified holding company.
  • The company has three wholly owned subsidiaries: Zest Labs, Inc. (Zest Labs), Banner Midstream Corp (Banner Midstream) and Trend Discovery Holdings (Trend Discovery).
  • Banner Midstream also provides transportation and logistics services and procures and finances equipment to oilfield transportation services contractors.

Nayax Provides Cashless Payment Solution for International Oil and Gas Company, MOL Group

Retrieved on: 
Wednesday, June 30, 2021
Economy of Hungary, MOL, MOL, Budapest, Companies, HUNGARY, Petroleum industry

Following a successful proof of concept in Croatia and Hungary, MOL Group will be integrating initial devices at a group-level.

Key Points: 
  • Following a successful proof of concept in Croatia and Hungary, MOL Group will be integrating initial devices at a group-level.
  • "As a global entity, with sales and support offices around the world, Nayax provides MOL Group with a unique opportunity, ensuring that their cross-border needs will be met.
  • Working closely with MOL Group, our technical teams have initiated exciting product opportunities for Nayax that we are looking forward to implementing," said Yair Nechmad, CEO, Nayax.
  • MOL Group is an integrated, international oil and gas company, headquartered in Budapest, Hungary.

Nayax Provides Cashless Payment Solution for International Oil and Gas Company, MOL Group

Retrieved on: 
Wednesday, June 30, 2021
Economy of Hungary, MOL, MOL, Budapest, Companies, HUNGARY, Petroleum industry

Following a successful proof of concept in Croatia and Hungary, MOL Group will be integrating initial devices at a group-level.

Key Points: 
  • Following a successful proof of concept in Croatia and Hungary, MOL Group will be integrating initial devices at a group-level.
  • "As a global entity, with sales and support offices around the world, Nayax provides MOL Group with a unique opportunity, ensuring that their cross-border needs will be met.
  • Working closely with MOL Group, our technical teams have initiated exciting product opportunities for Nayax that we are looking forward to implementing," said Yair Nechmad, CEO, Nayax.
  • MOL Group is an integrated, international oil and gas company, headquartered in Budapest, Hungary.

Innovative solutions for sustainable oil

Retrieved on: 
Tuesday, June 29, 2021
Petroleum industry, Oil sands, Petroleum geology, Fort McMurray

Since Canadas Oil Sands Innovation Alliance (COSIA) was formed in 2012, industry members have invested a total of $1.8 billion in these efforts.

Key Points: 
  • Since Canadas Oil Sands Innovation Alliance (COSIA) was formed in 2012, industry members have invested a total of $1.8 billion in these efforts.
  • Some of these successes are highlighted in our 2020 Annual Report Innovative solutions for sustainable oil .
  • These efforts are paying off, improving and shortening the trajectory of sustainable oil sands development.
  • -30-
    Canadas Oil Sands Innovation Alliance (COSIA) is a unique alliance of oil sands producers focused on accelerating environmental performance in Canadas oil sands.

Influence of OPEC+ 2020 Deal on Oil Production in Russia - Key Changes for Russian Oil Companies - ResearchAndMarkets.com

Retrieved on: 
Monday, June 28, 2021
Oil, Gas, Energy, Energy, Petroleum industry, Articles, Energy crisis, Cartels, OPEC, Chronology of world oil market events, World oil market chronology from

The "Russian Oil Production and Export in Time of Low Prices and OPEC+" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Russian Oil Production and Export in Time of Low Prices and OPEC+" report has been added to ResearchAndMarkets.com's offering.
  • Since May 2020, Russia has been in the second, much tighter version of the OPEC+ deal.
  • What is going on in the production segment of the Russian oil industry?
  • INFLUENCE OF OPEC+ 2020 DEAL ON OIL PRODUCTION IN RUSSIA.

SBM Offshore completes US$1.05 billion financing of Prosperity

Retrieved on: 
Friday, June 25, 2021
Petroleum industry, SBM Offshore, Schiedam, Floating production storage and offloading, Energy, SBM

SBM Offshore is pleased to announce it has completed the project financing of FPSO Prosperity for a total of US$1.05 billion.

Key Points: 
  • SBM Offshore is pleased to announce it has completed the project financing of FPSO Prosperity for a total of US$1.05 billion.
  • The financing will become non-recourse once the FPSO is completed and the pre-completion guarantee has been released.
  • The Prosperity FPSO will utilize a design that largely replicates the design of the Liza Unity FPSO.
  • 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.

Scorpio Tankers Inc. Announces Closing of $61.8 Million Convertible Note Exchange and New Issuance

Retrieved on: 
Wednesday, June 23, 2021
Petroleum industry, Scorpio Tankers, Tanker, Oil tanker

Following closing of the Exchange Offer and the Sale, there are$69.7 millionin the aggregate principal amount of the Existing Notes outstanding and $200.0 million in the aggregate principal amount of the 3.00% Convertible Senior Notes due 2025 outstanding.

Key Points: 
  • Following closing of the Exchange Offer and the Sale, there are$69.7 millionin the aggregate principal amount of the Existing Notes outstanding and $200.0 million in the aggregate principal amount of the 3.00% Convertible Senior Notes due 2025 outstanding.
  • Scorpio Tankers is a provider of marine transportation of petroleum products worldwide.
  • The Companys fleet consists of 131 owned, finance leased, or bareboat chartered-in product tankers (42 LR2 tankers, 12 LR1 tankers, 63 MR tankers and 14 Handymax tankers) with an average age of 5.4 years.
  • Please see the Companys filings with the Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties.

Holly Energy Partners Second Quarter 2021 Earnings Release and Conference Webcast

Retrieved on: 
Wednesday, June 23, 2021
Finance, Oil, Gas, Energy, Professional services, Other Energy, HollyFrontier, Companies, Texas, Petroleum industry

Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending June 30, 2021 on August 3, 2021, before the opening of trading on the NYSE.

Key Points: 
  • Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending June 30, 2021 on August 3, 2021, before the opening of trading on the NYSE.
  • The Partnership has scheduled a webcast conference on August 3, 2021 at 4:00 p.m. Eastern time to discuss financial results.
  • This webcast may be accessed at:
    An audio archive of this webcast will be available using the above noted link through August 17, 2021.
  • Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.