Monday, July 22, 2019

Risk Management News

Pavilion Acquires LNG assets of Iberdrola

(L to R) Mr Frédéric H. Barnaud, Group CEO of Pavilion Energy and Mr Aitor Moso, CEO of Liberalised Business, Iberdrola. Photo: Pavilion Energy

Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural…

Equinor Extends Oceaneering Contract

Image: Oceaneering

Houston-based subsea engineering company Oceaneering International has secured a contract renewal from Equinor, the Norwegian multinational energy company, covering the provision of maintenance…

DNV GL Study on Wind Turbine Blades

Pic: DNV GL

The global quality assurance and risk management company DNV GL released an in-depth study, commissioned by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory, which examines…

Asia: Pertamina, Petronas Join Forces

Image: Petronas

Indonesian state-owned energy company PT Pertamina and Petroliam Nasional Berhad (Petronas) of Malaysia have signed a Memorandum of Understanding (MoU) to develop oil and gas business – upstream and downstream…

Sphera Acquires Petrotechnics

Sphera, a provider of integrated risk management software and information services with a focus on operational risk, environmental health and safety and product stewardship, announced it has acquired Petrotechnics…

Oil Slumps 7 Percent

© Pavel Ignatov / Adobe Stock

Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising concerns about slowing global economic growth.U.S.

Leadership Changes at Anadarko

(Photo: Anadarko)

Anadarko Petroleum Corporation announced Thursday that Bob Gwin, formerly Executive Vice President (EVP), Finance and CFO, has been named President. In his new role, Gwin will be responsible for leading Anadarko's worldwide operations…

Technology Centre Mongstad Sign MoU with DNV GL for CO2 Capture Technology

Liv A. Hovem, CEO, DNV GL – Oil & Gas. Pic: DNV GL

The world’s largest testing facility for carbon capture, Technology Centre Mongstad (TCM), has signed a collaborative agreement with DNV GL to deliver advisory and verification services for…

Wild Well Announces Onsite Training

Photo: Wild Well Control

Well control and engineering services firm Wild Well Control, Inc., a Superior Energy Services company, announced that it will offer well control training to drilling rig crews onsite with…

Digitization of the Norwegian Continental Shelf

The Goliat  Field (Photo: © Eni Norge)

A new web-based tool is being used for the first time offshore for collecting, systematizing and presenting safety critical information on the Goliat platform in the Barents Sea.The system…

DNV GL sees oil demand peaking in 2023

(Photo: Eric Haun)

Global oil demand will peak in 2023 as electric vehicles (EVs) become competitive with cars fuelled by petrol and diesel, and after 2040 no new oil developments will likely be needed, quality…

De-risking the FPSO Renaissance

© Lukasz Z / Adobe Stock

Floating production, storage and offloading vessels (FPSOs) are in the ascendancy. The total FPSO market is now expected to grow to over $117 billion by 2024. A combination of factors, such…

​​​​Chinese Tariffs on LNG, Oil May Threaten US Energy Dominance

© Igor Groshev / Abobe Stock

China's targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S.

Leadership Changes at Danos

Reed Peré (Photo: Danos)

Danos has appointed two executive team members to new roles: Reed Peré will serve as vice president of business development, sales and marketing, and James Callahan as the vice president of…

New LNG Contract Framework to Spur 'Oil-like' Trading Model

File Image (CREDIT: AdobeStock / © Kasto)

Introduction of GTC contracts could spur trading, cut costs; traders say existing system inefficient and tedious. A new umbrella contract meant to streamline trading of liquefied natural gas (LNG)…

New Consortium for Offshore Decommissioning

(Image: Ardent)

A new global oil and gas decommissioning consortium launched today sets out to bring a collaborative supply chain approach, offering an end-to-end solution to reduce the decommissioning burden…

Inatech Opens in Houston

Jean-Hervé Jenn (Photo: Inatech)

Energy trading risk management (ETRM) systems provider Inatech expanded its global operation with a new office in Houston to better support its U.S. clients at a time of unprecedented change in America’s oil markets.“The U.S.

GP Global Expands in Europe & Asia Pacific

Prerit Goel, Group Director at GP Global Photo GP Global

GP Global (Formerly Gulf Petrochem Group) announced the expansion of its European and Asia Pacific operations with the appointment of five senior traders alongside the establishment of a new office in Hull…

UTEC Develops Bespoke FPSO Virtual Management Tool

Ryan Fallon Photo courtesy UTEC

UTEC has delivered a bespoke Virtual Asset Management tool to an offshore Operator in Eastern Canada to allow its team to remotely access its floating, production storage and offloading unit (FPSO) from their desktop.

DNV GL Appoints Peter Brun as New Global Offshore Wind Segment Leader

Peter Brun, Global Offshore Wind Segment Leader. Photo: DNV GL

DNV GL, the world’s largest independent energy advisory and certification body, has appointed wind energy professional Peter Brun as Global Offshore Wind Segment Leader. Brun is responsible for stakeholder management…