Saudi Oil Capacity Recovering from Attacks Faster than Expected (Friday, 27 September 2019)

Saudi Arabia is recovering faster than expected from the attacks on its oil industry, with total production capacity restored to more than 11 MMbpd about a week ahead of schedule, according to people with knowledge of the situation.

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The news, which helped to push crude down by as much as 1.7% in London, shows the kingdom is starting ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

PDVSA Considers Using Bitcoin To Pay Suppliers

Venezuela’s oil company, PDVSA, is considering switching from hard cash to bitcoin and ether as payment means for its suppliers, Bloomberg reports, citing people in the know who declined to provide their names. According to the report, Venezuela’s central bank is studying whether it can stock up on the cryptocurrencies and include them in its foreign exchange reserves. To date, ...

Source: Oilprice.com

To meet the manufacturing requirements of our changing product portfolio, Vestas intends to scale down our capacity at blade facilities in Germany and Denmark

News release from Vestas Wind Systems A/SAarhus, 27 September 2019 Vestas continues to introduce new products to the market to lower the cost of renewable energy, meet evolving customer demand and drive the energy transition forward, bringing changes to our product portfolio at a historically high pace. To meet the manufacturing requirements of our changing product [Read more]

Source: BOE Report

ADNOC Taps Weatherford for $220 million Rotary Steerables Contract (Friday, 27 September 2019)

Weatherford has signed a $220 million, three-year contract with ADNOC Offshore to provide directional drilling services for the stated goal of increasing offshore production in the UAE. The agreement entails using the Weatherford Magnus rotary steerable system in both re-entry wells and new wells.

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"Magnus is demonstrating consistent reliability, a critical element of this contract award," said Tony Azizi, ...

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U.S. refinery operations-Total says Unit Upset Led to Flaring at Port Arthur, Texas Refinery

The following is a list of refinery incidents reported in the United States on Sept. 26: * Exxon Reports Flaring At Beaumont Complex in Texas * Total says Unit Upset Led to Flaring at Port Arthur, Texas Refinery =============================================================================================== REFINERY INCIDENTS: (LISTED BY REGION, WITH MOST RECENT INCIDENTS FIRST) =============================================================================================== Company Location Capacity* Timing Reason/Notes [Read more]

Source: BOE Report

GLJ Petroleum Consultants Appoints New CEO

Calgary, AB, September 26, 2019 – GLJ Petroleum Consultants (GLJ) announced today that Jodi Anhorn, current GLJ executive vice president and COO, has been appointed as GLJ’s new president and CEO. In addition, GLJ vice president Chad Lemke has been appointed to executive vice president and COO, joining Caralyn Bennett, executive vice president and chief [Read more]

Source: BOE Report