Latest Headlines

1. CGG GeoSoftware And Alibaba Cloud Collaborate To Support The E&P Industry With Cloud Geoscience Technologies 7/1/2020

   CGG GeoSoftware has collaborated with Alibaba Cloud to successfully deploy its suite of proprietary geoscience software solutions on the Alibaba Cloud platform. All applications across the entire GeoSoftware portfolio also run on the Azure and AWS cloud platforms, offering advanced capabilities in machine learning and artificial intelligence, as well as connections to Python ecosystem notebooks.

2. SBM Offshore Completes US$600M Bridge Loan For FPSO Sepetiba 7/1/2020

   SBM Offshore is pleased to announce the closure of a US$600M bridge loan facility for the financing of the construction of FPSO Sepetiba.

3. API Testifies To EPA On Importance Of Consistency And Greater Transparency In Rulemaking 7/1/2020

   API today testified during the EPA’s hearing on the proposed rule “Increasing Consistency in Considering Benefits and Costs in the Clean Air Act Rulemaking Process.” API supports this proposal to provide consistency and greater transparency in analyzing the benefits and costs of proposed rules, which would ensure that the agency provides clarity in how new regulations will benefit the public, industry and all stakeholders.

4. Neptune Energy Awards Remote Monitoring Contract To Fugro 7/1/2020

   Neptune Energy today announced the award of a subsea inspection contract to leading geo-data specialist, Fugro, which will employ state-of-the-art remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea

5. COVID-19 Dampens Long-Term Energy Demand And Highlights Scale Of Climate Emergency 7/1/2020

   The economic and behavioural ramifications of COVID-19 will significantly reduce global long-term energy demand, according to new research by the authors of DNV GL’s Energy Transition Outlook. COVID-19 has also hastened the decline in carbon dioxide emissions – with 2019 set to be the year of peak CO2 emissions - yet the overall impact on our carbon budget is minimal.

6. API Statement On Implementation Of The USMCA 7/1/2020

   The American Petroleum Institute (API) today welcomed the implementation of the U.S.-Mexico-Canada Agreement (USMCA), which will bolster U.S. energy leadership while benefiting American workers and consumers.

7. Brooge Energy Reports Record Revenue Of $44M For Fiscal Year 2019, An Increase Of 23% Year-Over-Year 6/30/2020

   Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), today announced its financial results for the full year ended December 31, 2019.

8. API Statement On Climate Proposal From House Select Committee 6/30/2020

   “The risks of climate change are real, and the solutions must be equally real. Our industry is focused on reducing greenhouse gas emissions while providing access to affordable and reliable energy that helps enhance standards of living around the world,” API SVP of Policy, Economics and Regulatory Affairs Frank J. Macchiarola said.

9. ConocoPhillips Provides Update On Production Curtailment Activities 6/30/2020

   For the second quarter of 2020, the company’s curtailments were primarily related to oil production and averaged approximately 225 thousand barrels of oil equivalent per day (MBOED) on a net basis.

10. SPE And SEG Co-Locate 2020 Annual Meetings In Houston, Texas 6/30/2020

    The Society of Petroleum Engineers (SPE) and the Society of Exploration Geophysicists (SEG) are pleased to announce that the organizations will co-locate their annual meetings this year. This unique experience will be held 12–14 October 2020 at the George R. Brown Convention Center in Houston, Texas, USA.