Petroleum production

Ranger Energy Services, Inc. Acquires PerfX Wireline Services

Retrieved on: 
Friday, July 9, 2021

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.

New Fortress Energy and Government of Sri Lanka Sign Agreement for LNG Terminal and Gas Supply to Power Plants

Retrieved on: 
Thursday, July 8, 2021

New Fortress Energy Inc. (NASDAQ: NFE) (New Fortress) announced today that it has signed a Framework Agreement (the Agreement) with the Government of Sri Lanka to construct a new offshore liquefied natural gas (LNG) receiving, storage and regasification terminal (the Terminal).

Key Points: 
  • New Fortress Energy Inc. (NASDAQ: NFE) (New Fortress) announced today that it has signed a Framework Agreement (the Agreement) with the Government of Sri Lanka to construct a new offshore liquefied natural gas (LNG) receiving, storage and regasification terminal (the Terminal).
  • The Terminal will be located off the coast of Colombo to supply gas to the countrys power plants, primarily located in the Kerawalapitiya Power Complex.
  • We are excited to support the transition of Sri Lanka to clean, reliable and affordable energy, said Wes Edens, Chairman and CEO of New Fortress Energy.
  • About New Fortress Energy Inc.
    New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the worlds transition to clean energy.

Cheniere Announces Timing of Second Quarter 2021 Earnings Release and Conference Call

Retrieved on: 
Thursday, July 8, 2021

Cheniere Energy, Inc. (Cheniere or the Company) (NYSE American: LNG) announced today that it plans to issue its earnings release with respect to second quarter 2021 financial results on Thursday, August 5, 2021 before the market opens.

Key Points: 
  • Cheniere Energy, Inc. (Cheniere or the Company) (NYSE American: LNG) announced today that it plans to issue its earnings release with respect to second quarter 2021 financial results on Thursday, August 5, 2021 before the market opens.
  • Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) that day to discuss second quarter results.
  • Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery.
  • Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

CPECG in Ust-Luga will triple Russia's share in the global oil and gas chemicals market

Retrieved on: 
Thursday, July 8, 2021

MOSCOW, July 8, 2021 /PRNewswire/ -- The complex for processing ethane-containing gas (CPECG), under construction in the Leningrad Region, will drive an increase in Russia's share in the world oil and gas chemicals market from 2.5% to 6-7%.

Key Points: 
  • MOSCOW, July 8, 2021 /PRNewswire/ -- The complex for processing ethane-containing gas (CPECG), under construction in the Leningrad Region, will drive an increase in Russia's share in the world oil and gas chemicals market from 2.5% to 6-7%.
  • The complex is also poised to become the world leader in polymer production.
  • "Once the facility in Ust-Luga is fully operational, Russia will take a leading position in the global LNG and petrochemical markets.
  • The country can increase its share in the global LNG market to 15-20%, and to 6-7% in the petrochemical market," said Deputy Prime Minister Alexander Novak, adding that currently Russia's share in the petrochemical market is about 2.5%.

CPECG in Ust-Luga will triple Russia's share in the global oil and gas chemicals market

Retrieved on: 
Thursday, July 8, 2021

MOSCOW, July 8, 2021 /PRNewswire/ -- The complex for processing ethane-containing gas (CPECG), under construction in the Leningrad Region, will drive an increase in Russia's share in the world oil and gas chemicals market from 2.5% to 6-7%.

Key Points: 
  • MOSCOW, July 8, 2021 /PRNewswire/ -- The complex for processing ethane-containing gas (CPECG), under construction in the Leningrad Region, will drive an increase in Russia's share in the world oil and gas chemicals market from 2.5% to 6-7%.
  • The complex is also poised to become the world leader in polymer production.
  • "Once the facility in Ust-Luga is fully operational, Russia will take a leading position in the global LNG and petrochemical markets.
  • The country can increase its share in the global LNG market to 15-20%, and to 6-7% in the petrochemical market," said Deputy Prime Minister Alexander Novak, adding that currently Russia's share in the petrochemical market is about 2.5%.

Valaris Announces Jackup Contract Award

Retrieved on: 
Wednesday, July 7, 2021

Valaris Limited (NYSE: VAL) announced today that it has been awarded a 183-day extension to its contract with Aramco for VALARIS JU-140, a standard-duty modern jackup.

Key Points: 
  • Valaris Limited (NYSE: VAL) announced today that it has been awarded a 183-day extension to its contract with Aramco for VALARIS JU-140, a standard-duty modern jackup.
  • The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-140 is now expected to be under contract through the end of 2021.
  • 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.

Allied Energy Corporation Provides Workover Progress Report On Well M1 At Their Green Lease Oil Site

Retrieved on: 
Wednesday, July 7, 2021

I am pleased with the time we've made up on the Green Lease after battling heavy rains in northern Texas for several weeks.

Key Points: 
  • I am pleased with the time we've made up on the Green Lease after battling heavy rains in northern Texas for several weeks.
  • The entire crew is well-aware of surging oil prices and all of us are incentivized to bring wells online and producing this month."
  • Beginning in the third week of June, Allied brought a workover rig to Well M1 at the Green Lease site.
  • About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States.

Liberty Announces Successful digiFrac™ Electric Frac Pump Field Test

Retrieved on: 
Wednesday, July 7, 2021

Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty) announced today the successful completion of the rigorous field testing of Libertys digiFrac electric pump.

Key Points: 
  • Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty) announced today the successful completion of the rigorous field testing of Libertys digiFrac electric pump.
  • The field test comes after three years of internal research and development resulting in the delivery of a state-of-the-art electric pump engineered for flexibility, from adaptable electric power sources to next generation equipment integration.
  • The digiFrac pump will also anchor a fully electric frac fleet by integrating with Libertys existing electric wireline and backside equipment including blender, hydration, and sand handling, culminating in the industrys first complete designed for purpose electric suite of frac technology.
  • The successful development and field test of digiFrac is a milestone for the industry and reflects Libertys commitment to continued innovation in ESG technologies.

Hunting Introduces H-3 Perforating System

Retrieved on: 
Wednesday, July 7, 2021

Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today added a new perforating system to its comprehensive line of modular perforating guns.

Key Points: 
  • Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today added a new perforating system to its comprehensive line of modular perforating guns.
  • The H-3 perforating system features Huntings latest ControlFire Recon switch technology that allows the user to read detonator resistance in each gun downhole or at the surface with the companys VeriFire panel.
  • The system also includes Huntings new patent-pending RF-Safe modular detonator, which eliminates all wiring in the field.
  • The companys Hunting Energy Services Titan Division engineers and manufactures perforating systems, wireline selective firing systems, cased hole logging instruments, nuclear detectors, energetics, and associated wireline hardware and accessories.

New Fortress Energy Secures LNG Supply Through 2027

Retrieved on: 
Tuesday, July 6, 2021

New Fortress Energy Inc. (NASDAQ: NFE) (NFE) announced today that it has reached an agreement for liquefied natural gas (LNG) supply that will cover the remaining volumes for NFEs existing natural gas and electricity businesses through the end of 2027.

Key Points: 
  • New Fortress Energy Inc. (NASDAQ: NFE) (NFE) announced today that it has reached an agreement for liquefied natural gas (LNG) supply that will cover the remaining volumes for NFEs existing natural gas and electricity businesses through the end of 2027.
  • This transaction secures our LNG supply for the next several years across our existing portfolio of terminals and customers, said Wes Edens, Chairman and CEO of NFE.
  • We executed our strategy to neutralize LNG exposure by securing LNG supply contracts that meet our downstream needs, said Kasciandro Senem, LNG Managing Director of NFE.
  • New Fortress Energy is a global energy infrastructure company founded to help accelerate the worlds transition to clean energy.