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AGR will assist with well planning and engineering.
Empyrean Energy plc (AIM: EME) has awarded independent energy services company AGR a contract to assist with well planning and engineering on the Jade prospect in Block 29/11 offshore China, AGR reported Wednesday.
AGR pointed out in a written statement emailed to Rigzone that it will provide offset analysis and detailed well design engineering for the project in Block 29/11, located in the Pearl River Mouth Basin approximately 124 miles (200 kilometers) southeast of Hong Kong. The contract recipient added that its Perth-based Australian project team will use AGR’s “iQx” probabilistic time and cost application “P1” to evaluate well design options, progressing to a recommended design for what will be Empyrean’s first well in China.
by Bloomberg
|Friday, April 30, 2021
Chesapeake Energy Corp is seeking to sell oil-producing assets in South Texas for as much as $2 billion, according people familiar with the plan.
(Bloomberg) Chesapeake Energy Corp., the once mighty shale explorer that exited bankruptcy earlier this year, is seeking to sell oil-producing assets in South Texas for as much as $2 billion, according people familiar with the plan.
The Oklahoma City-based producer is working with a pair of advisers to offer the assets in the Eagle Ford shale, said the people, asking not to be named because the discussions are private.
Once known for its aggressive growth through acquisitions during the shale boom, Chesapeake joined other producers in filing for bankruptcy protection last year after the pandemic devastated demand for energy. When the company exited restructuring in February, CEO Doug Lawler declared it was “a new era for shale.”
Aker Solutions has signed a contract with Nordic Blue Crude for the front end engineering and design of a new e-Fuel facility at Heroya in Porsgrunn, Norwa.
McDermott International has been awarded a FEED contract from Michelin Group for the first industrialization of a plastic recycling process to produce regenerated styrene from polystyrene.
McDermott International Ltd announced Wednesday that it has been awarded a Front End Engineering Design (FEED) contract from Michelin Group in France for “the first industrialization of an innovative plastic recycling process to produce regenerated styrene from polystyrene”.
The regenerated styrene produced will be used in the production of synthetic rubber for tires and polystyrene, McDermott noted. The company said it will provide value engineering, risk analysis, and a detailed constructability study within the industry-first FEED. Work on the project will be executed from McDermott s office in Brno, Czech Republic, and will start immediately. The contract is expected to be completed in the third quarter of this year.
Jennifer Granholm, the U.S. Secretary of Energy, has urged oil companies to diversify and not become the Kodak or Blockbuster of energy in a new video interview published by Politico.
Jennifer Granholm, the U.S. Secretary of Energy, has urged oil companies to diversify and not become the Kodak or Blockbuster of energy in a new video interview published by Politico.
“The bottom line is, you have got to move and you can’t hang on and be … the Kodak or … the Blockbuster video of the energy world,” Granholm told Politico in the interview, which was published on Monday.