Upstream

OCI Global double capacity

OCI Global, the world’s largest producer of green methanol, has today announced plans to double its green methanol production capacity to approximately 400,000 metric tons per year in response to the growing demand for green methanol from numerous high emissions industries, including road transport, shipping and industrial. The scale-up plans include entering into supply agreements for renewable natural gas exceeding 15,000 mmbtu per day – as well as securing the waste and development rights from the City of Beaumont. This is OCI’s first upstream RNG production facility and production is slated to start in Q1 2025. As well as reducing carbon dioxide emissions, obtaining biogas from landfill has the benefit of using methane – which over a 20-year period, has a global warming potential that is 84 times more potent than carbon dioxide – that would otherwise escape and accelerate global warming. A critical manufacturing building block, green methanol can effectively decarbonize... > read more

Expro acquisition

Expro, a leading provider of energy services, have announced it had entered into a definitive agreement (subject to customary closing conditions and working capital adjustments) to acquire offshore services provider, PRT Offshore. Total consideration to be paid at closing is approximately $106 million, including $62 million of cash and $44 million of newly issued Expro shares. Potential additional consideration will be based on PRT Offshore’s financial performance during the four quarters following closing. Excluding possible cost and revenue synergies, total consideration is expected to be approximately 4.0x PRT Offshore’s estimated 2023 and 2024 Adjusted EBITDA... > read more

McDermott selected by IOCL

McDermott has been awarded a project management consultancy and engineering, procurement, and construction management contract for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project from Indian Oil Corporation Limited. The project is located at the Panipat Refinery and Petrochemical Complex, located 62 miles (100 kilometers) from New Delhi, India. The project will increase the ethylene production capacity of the naphtha cracker unit by approximately 20 percent. The additional ethylene and propylene production will act as feed for downstream polymer units. The polymer products will be used for the manufacture of household and industrial items, including containers, automobile parts, furniture, and heavy-duty films... > read more

Gevo and McDermott to collaborate on SAF

McDermott has secured a master services agreement from Gevo, Inc., to provide front end engineering and early planning services for Gevo's development of multiple sustainable aviation fuel facilities in North America. The first facility, Net-Zero 1, is expected to be constructed near Lake Preston, South Dakota. The Net-Zero 1 plant is expected to produce up to 65 million gallons of sustainable aviation fuel, diesel and renewable gasoline that, when consumed, is expected to have a lifecycle net-zero greenhouse gas footprint. "Gevo is a premier provider in the fast-growing sustainable aviation fuel market. This agreement marks the commencement of a collaborative relationship through which we will support Gevo's low-cost delivery and speed-to-market goals for Gevo's novel alcohol-to-jet process design which incorporates Axen's ethanol-to-jet process,"... > read more

McDermott awarded project from Qatargas

McDermott secured a major contract from Qatargas Operating Company Limited to deliver engineering, procurement, construction, and installation (EPCI) for the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project, COMP1. The COMP1 project is part of the NFPS Offshore Compression Project involving the installation of new assets in Qatar's North Field, including compression complexes at seven locations to sustain gas supply to the existing liquefied natural gas (LNG) production trains into the future. The contract award follows the North Field Expansion Project (NFXP) contract awarded to McDermott in... > read more

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Upstream oil & gas experts unite

Tank Storage News America are proud to be partnering with the Future Upstream Automation Summit on 26 September 2023 in Houston,...
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Woodside approves investment in Trion

Woodside, the Australian oil and gas company, has made a final investment decision to develop the Trion oil and gas resource...
> read more

Air Products and AES Announce Plans

Air Products and The AES Corporation have announced plans to invest approximately $4 billion to build, own and operate a...
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Upstream News

OCI Global double capacity

OCI Global, the world’s largest producer of green methanol, has today announced plans to double its green methanol production ... > read more

Expro acquisition

Expro, a leading provider of energy services, have announced it had entered into a definitive agreement (subject to customary ... > read more

Fully automated upstream operations

As leading upstream operators integrate automation, IIoT, data science, AI, ML, digital twins and more, many are questioning ... > read more

McDermott selected by IOCL

McDermott has been awarded a project management consultancy and engineering, procurement, and construction management contract ... > read more

Gevo and McDermott to collaborate on SAF

McDermott has secured a master services agreement from Gevo, Inc., to provide front end engineering and early planning services ... > read more

McDermott awarded project from Qatargas

McDermott secured a major contract from Qatargas Operating Company Limited to deliver engineering, procurement, construction, ... > read more

Upstream News

ExxonMobil announces acquisition of Denbury

Exxon Mobil Corporation have announced it has entered into a definitive agreement to acquire Denbury Inc., an experienced ... > read more

Upstream oil & gas experts unite

Tank Storage News America are proud to be partnering with the Future Upstream Automation Summit on 26 September 2023 in Houston, ... > read more

Expro announces first contract for subsea tech

Energy services provider Expro has secured a contract with a major operator for the first deployment of its unique and industry-leading ... > read more

Woodside approves investment in Trion

Woodside, the Australian oil and gas company, has made a final investment decision to develop the Trion oil and gas resource ... > read more

Honeywell introduces

Honeywell has announced its Upstream Production Performance Suite (UPP Suite), an end-to-end solution that automates and ... > read more

Halliburton and Nabors Industries collaborate

Halliburton Company and Nabors Industries have announced an agreement on leading well construction automation solutions. ... > read more

Upstream News

ExxonMobil signs carbon capture agreement

ExxonMobil Low Carbon Solutions’ newest carbon capture and storage agreement – with Nucor Corporation, one of North America’s ... > read more

Wintershall Dea makes important discovery

Operator Wintershall Dea and its partners Harbour Energy and Sapura OMV have made a significant oil discovery on the Kan ... > read more

Stratom and Imenco partner to deliver

Stratom, a global leader in robotic refueling and autonomous systems, and Imenco, the industry specialist in military and ... > read more

Copenhagen Infrastructure Partners acquires

Copenhagen Infrastructure Partners, through its Energy Transition Fund (CI ETF I), has acquired a majority stake in a blue ... > read more

Talos Energy completes acquisition of EnVen

Talos Energy Inc. announced the completion of its previously announced acquisition of EnVen Energy Corporation. The Company ... > read more

Talos Energy to announce fourth quarter 2022

Talos Energy Inc. intends to release fourth quarter 2022 results for the period ended December 31, 2022, on Tuesday, February ... > read more

Upstream News

Chesapeake Energy Corporation announces sale

Chesapeake Energy Corporation has announced that it has entered into an agreement to sell the Brazos Valley region of its ... > read more

Matador Resources Announces Acquisition

Matador Resources Company has announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement ... > read more

Marathon Oil Completes Eagle Ford Acquisition

Marathon Oil Corporation has announced the completion of its acquisition of the Eagle Ford assets of Ensign Natural Resources ... > read more

Air Products and AES Announce Plans

Air Products and The AES Corporation have announced plans to invest approximately $4 billion to build, own and operate a ... > read more

ExxonMobil announces corporate plan

ExxonMobil has announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission ... > read more

Expro Strengthens North Sea Position

Energy services provider, Expro, has announced a new $50 million contract with North Sea operator Apache Corporation on its ... > read more