Contribution By Paroma Bhattacharya
March 7, 2019
Falling oil prices since last autumn has led to most oil and gas companies to decrease their spending in spite of increase in project production in the Permian for most businesses. Chevron and Exxon Mobil, two of the largest oil companies in the U.S. recently …
Essar wins environmental approval to initiate shale exploration in WB
March 4, 2019
The company will start off by drilling 5 wells at its Raniganj block to identify its shale gas potential. Renowned oil and gas exploration firm, Essar Oil & Gas Exploration and Production (EOGEPL) Ltd. has recently obtained environment clearance for exploring its Raniganj block in …
Subsea 7 secures construction services deal for BP’s North Sea assets
March 1, 2019
Leading provider of subsea, construction and engineering services, Subsea 7, which caters to the offshore energy industry, has recently announced that the company has secured a substantial deal with British multinational oil and gas firm BP, for its assets in west of Shetland and the …
GM & DTE Energy collaborate on 300,000-MWh wind energy project
February 28, 2019
In a move to increase its global renewable energy portfolio, General Motors Co. (GM), the American multinational automotive company, has reportedly entered into a partnership agreement with the Detroit-based electric services company, DTE Energy. Sources familiar with the matter claim that collaboration is intended to …
Five Point Energy & Matador Resources launch pipeline JV in New Mexico
February 27, 2019
Matador Resources will be owning 51% of the San Mateo Midstream II while 49% will be owned by Five Point. Matador Resources recently announced that it will be forming a joint venture with private equity firm Five Point Energy to form the San Mateo Midstream …
LO3 ENERGY & KYOCERA to test a blockchain-managed virtual power plant
February 26, 2019
The test is slated to commence on February 28 at the Yokohama Nakayama Office of Kyocera Corporation in Kanagawa Prefecture, Japan A small virtual power plant would be installed at the site utilizing the firm’s solar PV modules and batteries New York-based LO3 Energy Inc. …
ENOC enters partnership with IOC to build R&D synergies in India
February 22, 2019
India is one of the biggest buyers of oil in Asia and crude oil from Middle Eastern countries forms a significant portion of its imports. Emirates National Oil Company (ENOC), the Dubai based oil company wholly owned by the Government of Dubai, recently announced that …
Rockwell, Schlumberger partner to offer oil & gas automation solutions
February 21, 2019
Rockwell Automation, Milwaukee-based leading industrial automation firm, has recently stated that the company is forming a $400 million joint venture with an oil and gas exploration and production company based in France. Apparently, this joint venture would be based in Houston, where Rockwell has around …