Petroleum production

Can Gas Be the Game-Changer for Oman's Transition to a Brand New Era? - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 4, 2021

The "Will Gas Be the Game-Changer for Oman's Transition to a Brand New Era?"

Key Points: 
  • The "Will Gas Be the Game-Changer for Oman's Transition to a Brand New Era?"
  • This report examines the risks and opportunities linked to Oman's gas, LNG and wider energy fundamentals, be it in terms of supply and demand, policy, upstream & LNG strategy and interplay with other fuels.
  • The Sultanate of Oman has been going through a remarkable renewal of its gas and LNG industry since the late 2010s.
  • Most importantly, this calls for increased commercial flexibility to sustain LNG export revenues considering the cost of developing non-associated gas reserves and limited gas price incentives on the domestic market.

STEP Energy Services Ltd. Extends and Amends Its Credit Facilities

Retrieved on: 
Tuesday, August 3, 2021

CALGARY, Alberta, Aug. 03, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) is pleased to announce that it has entered into an agreement with its lenders to both extend and amend its credit facilities.

Key Points: 
  • CALGARY, Alberta, Aug. 03, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) is pleased to announce that it has entered into an agreement with its lenders to both extend and amend its credit facilities.
  • The maturity date of STEPs credit facilities has been extended by 13 months, from June 25, 2022 to July 30, 2023.
  • Certain statements contained in this Press Release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, forward-looking statements).
  • STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.

Leading Northeast Utility Selects NV5 for $16 Million LNG Infrastructure Upgrade

Retrieved on: 
Tuesday, August 3, 2021

HOLLYWOOD, Fla., Aug. 03, 2021 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the Company or NV5) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it has been selected for a $16 million contract to upgrade liquefaction infrastructure at a Northeast utilitys liquefied natural gas (LNG) facility.

Key Points: 
  • HOLLYWOOD, Fla., Aug. 03, 2021 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the Company or NV5) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it has been selected for a $16 million contract to upgrade liquefaction infrastructure at a Northeast utilitys liquefied natural gas (LNG) facility.
  • Liquefaction conversion provides utilities the ability to store large quantities of natural gas in a liquefied state.
  • NV5 was previously awarded the engineering design and liquefaction procurement services for this multi-phase project, which is expected to be completed in July of 2022.
  • NV5 Global, Inc. (NASDAQ: NVEE) is a provider of compliance, technology, engineering, and environmental consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems.

Upwing Energy to Present Paper and Exhibit at Offshore Technology Conference

Retrieved on: 
Tuesday, August 3, 2021

CERRITOS, Calif., Aug. 3, 2021 /PRNewswire-PRWeb/ -- Upwing Energy , an artificial lift technology company, will present a paper on high-speed magnetic technology solutions for downhole machinery at the 2021 Offshore Technology Conference (OTC) .

Key Points: 
  • CERRITOS, Calif., Aug. 3, 2021 /PRNewswire-PRWeb/ -- Upwing Energy , an artificial lift technology company, will present a paper on high-speed magnetic technology solutions for downhole machinery at the 2021 Offshore Technology Conference (OTC) .
  • The paper was co-authored by Patrick McMullen, David Biddick and Herman Artinian of Upwing Energy.
  • Upwing Energy will exhibit at OTC in Booth 2151, showcasing its range of artificial lift technology solutions to overcome liquid loading and boost production from all well types.
  • Upwing Energy, Inc. ("Upwing") , headquartered in Cerritos, Calif., provides the most reliable, available and retrievable artificial lift technology that increases the production and recovery of hydrocarbons from conventional and unconventional wells.

Valaris Provides Quarterly Fleet Status Report

Retrieved on: 
Tuesday, August 3, 2021

Valaris Limited (NYSE: VAL) (Valaris or the Company) today issued a quarterly Fleet Status Report that provides the current status of the Companys fleet of offshore drilling rigs along with certain contract information for these assets.

Key Points: 
  • Valaris Limited (NYSE: VAL) (Valaris or the Company) today issued a quarterly Fleet Status Report that provides the current status of the Companys fleet of offshore drilling rigs along with certain contract information for these assets.
  • The Fleet Status Report can be found on the Investors section of the Companys website www.valaris.com .
  • 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.

Straits receives approval from Marine Department to commence operation for Asia's Largest STS Energy Transhipment Hub in Labuan

Retrieved on: 
Monday, August 2, 2021

The Company has mobilized its resources and infrastructure in preparation to commence operation of the STS Transhipment Hub in the coming fourth quarter 2021.

Key Points: 
  • The Company has mobilized its resources and infrastructure in preparation to commence operation of the STS Transhipment Hub in the coming fourth quarter 2021.
  • Concurrently, Victoria STS has also on 30 July 2021 received approval from Marine Department Malaysia on the Marine Risk Assessment ("MRA") in accordance with the terms of reference of MRA.
  • Marine Department Malaysia had on 12 July 2021 granted the approval for the Company to develop the STS as announced to Bursa Malaysia.
  • Straits' plan to develop the STS Hub is set to be one of the largest offshore LNG and LPG energy transhipment hubs in Asia.

Summit and Commonwealth LNG Sign MOU for 1 MTPA of LNG Offtake for Bangladesh

Retrieved on: 
Monday, August 2, 2021

Summit Oil and Shipping Co. Ltd. (SOSCL), the first and largest private sector importer and supplier of fuel oil to Bangladesh, announced today that it has signed a Memorandum of Understanding (MOU) with Commonwealth LNG to collaborate in the supply of LNG to Asia, including Bangladesh.

Key Points: 
  • Summit Oil and Shipping Co. Ltd. (SOSCL), the first and largest private sector importer and supplier of fuel oil to Bangladesh, announced today that it has signed a Memorandum of Understanding (MOU) with Commonwealth LNG to collaborate in the supply of LNG to Asia, including Bangladesh.
  • We look forward to having Commonwealth LNG as a partner that can deliver U.S.-sourced LNG, providing diversification of supply for Bangladesh and the pricing stability associated with Henry Hub.
  • Summit has recognized that need and Commonwealth LNG looks forward to partnering in these efforts.
  • Commonwealth LNG is an 8.4 MTPA liquefied natural gas (LNG) export terminal project located on the Calcasieu River at the Gulf of Mexico near Cameron, Louisiana.

NextDecade Announces Issuance of Preferred Equity

Retrieved on: 
Monday, August 2, 2021

NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that it has agreed to sell $5.0 million of Series C Convertible Preferred Stock (Series C Preferred Stock).

Key Points: 
  • NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that it has agreed to sell $5.0 million of Series C Convertible Preferred Stock (Series C Preferred Stock).
  • NextDecade is pleased to welcome Energy & Power Transition Partners as an investor, said Matt Schatzman, NextDecades Chairman and Chief Executive Officer.
  • NextDecade is the global pioneer in green LNG as a result of the unique combination of its NEXT Carbon Solutions business with its low-cost Rio Grande LNG project.
  • Leading innovation in greener LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy.

Complimentary World LNG Map at Gastech 2021 and World Gas Conference (WGC 2022) by Mudrock Media

Retrieved on: 
Monday, August 2, 2021

Mudrock Media will hand out 3,000 complimentary copies of printed Oil & Gas Storage and Trade Series World Oil Refinery & LNG Plant Map at both exhibitions.

Key Points: 
  • Mudrock Media will hand out 3,000 complimentary copies of printed Oil & Gas Storage and Trade Series World Oil Refinery & LNG Plant Map at both exhibitions.
  • (Graphic: Business Wire)
    The map is open now for sponsorship and advertising opportunities for exclusive mileage at Gastech 2021 or WGC2022.
  • Companies that wish to sponsor and advertise their brand and marketing with the World Crude Oil Refinery and LNG Plant Map version 2021/22, can download the booking form .
  • ABOUT OIL & GAS STORAGE AND TRADE SERIES: WORLD CRUDE OIL & LNG PLANT MAP
    The first World Oil Refinery & LNG Plant Map published in 2018, is the essential reference map for all energy and oil & gas professionals, and launched at World Gas Conference in Washington DC (June) with a total distribution of 10,000 copies, carrying sponsors logo and advertisements.

Vantage Drilling International Schedules Second Quarter 2021 Earnings Release Date and Conference Call

Retrieved on: 
Friday, July 30, 2021

HOUSTON, July 29, 2021 (GLOBE NEWSWIRE) -- Vantage Drilling International ("Vantage" or the "Company") today announced that it will host a conference call at 10:00 AM Eastern Time on August 12, 2021 to discuss operating results for the second quarter of 2021.Vantage will release earnings before the market opens on August 12, 2021.Vantage's earnings release will be posted to the Vantage website at www.vantagedrilling.com .

Key Points: 
  • HOUSTON, July 29, 2021 (GLOBE NEWSWIRE) -- Vantage Drilling International ("Vantage" or the "Company") today announced that it will host a conference call at 10:00 AM Eastern Time on August 12, 2021 to discuss operating results for the second quarter of 2021.Vantage will release earnings before the market opens on August 12, 2021.Vantage's earnings release will be posted to the Vantage website at www.vantagedrilling.com .
  • To access the conference call, Click to Join and enter your information to be connected.
  • Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of two ultra-deepwater drillships and five premium jackup drilling rigs.
  • Vantage also markets, operates and provides management services in respect of, drilling units owned by others.