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Investing in the Future of Oil and Gas with Jim Lawnin
Jim Lawnin has spent the last four decades working in and around the oil and gas industry. During that time, he has seen a major shift in where companies are investing their resources. “I’ve been in it (oil and gas industry) for 40 years,” Lawnin said. “We’ve seen a huge transition to ESG focus.” Lawnin
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UAE Plans Global Energy Push with Major Investment, Increasing Oil-Production Capacity
The United Arab Emirates’ leading energy company will increase investment to $150 billion over the next five years, speed up an increase in oil-production capacity, and list some of its natural gas business. According to Reuters (via EnergyNow), Abu Dhabi National Oil Co. said it would expand its international gas, chemicals, and clean-energy operations. The
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Nigerian State-Owned Oil Company Begins Drilling at Field Outside Niger Delta
A major African oil producer is expanding its drilling area northward. According to Reuters, Nigeria’s state-owned NNPC Ltd began drilling for oil and gas at a field in northern Nigeria as the country is trying to begin producing crude outside the Niger Delta. NNPC said in a statement that phase one of the Kolmani project
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China’s CNOOC Pays Petrobras $1.9 Billion in Production Sharing Deal
A major Chinese oil and gas producer is investing in a South American company. According to Reuters, Brazil’s state oil firm Petrobras said it received 10.3 billion reais ($1.9 billion) from Chinese oil and gas major CNOOC, for a 5 percent stake in a production sharing deal at the Buzios oil field. With this agreement,
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Norway’s Oil and Gas Firms are Increasing Investment Forecasts
The oil and gas industry in one Scandinavian country is ready to invest even more in its growth. According to Reuters, Norway’s oil and gas firms have increased their investment forecasts for 2022 and 2023 as more development plans are being finalized, a national statistics office (SSB) survey showed on Thursday. The country’s largest business
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Inaugural Carbon Tracking and Reporting Canada Conference Kicks Off in Calgary
Following the success of the inaugural Carbon Tracking and Reporting Conference in March in Houston, TX, the inaugural Carbon Tracking and Reporting Canada Conference kicked off this week in Calgary, Alberta. Day 1 started with keynote presentations from Calgary’s own Nathan Maycher (Director of Climate, Disclosure & Integration, Suncor), and Gerald Palanca (Manger of Emissions
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Tackling Some of the Biggest Challenges in Energy Supply Chain with Sarah Sherman
“A lot of people don’t understand. They think, ‘Well logistics is you go to Wal-Mart and buy something and bring it. Procurement is you go to Amazon and buy something.’ They wonder why is it so complicated. For me, it was a big challenge.” Sarah Sherman has devoted her career to addressing some of the
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Houston-Based Energy Provider Join’s World’s Largest Liquefied Natural Gas Project
A Houston-based energy provider is now part of the world’s largest liquefied natural gas project. According to EnergyNow, QatarEnergy’s chief executive on Sunday named ConocoPhillips as the third and final partner on the Gulf Arab state’s North Field South expansion, which is part of the world’s largest liquefied natural gas (LNG) project. ConocoPhillips will have a
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Supply Chain in the Energy Industry with Jose Velarde of Huntsman
Jose Velarde has spent his career working in supply chain. And for the first time, he said, supply chain is truly in the spotlight. “One of the biggest changes that I’ve seen in the field of supply chain is the awareness in the general population of what is supply chain,” said Velarde. “Before the pandemic,
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The Evolution of Sustainability in Oil and Gas with Nathan Maycher
“I’m more hopeful that the world is headed in the right direction than at any time in my career.” Nathan Maycher has spent his more than two-decade career working in sustainability. Born and raised in Alberta, Canada, Maycher has seen the conversation around sustainability evolve significantly. “20 years ago, most of sustainability was seen as
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Exxon Strikes Oil With Two New Discoveries in Guyana
Exxon Mobil announced two major discoveries near Guyana. According to Reuters, the oil major said it has made two new discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana. This could potentially add more barrels to one of the most closely watched new oil discoveries. Exxon did not disclose how much
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Precision Drilling Stresses Need for IoT to Drive Drilling Innovation
Precision Drilling is stepping up when it comes to emissions reporting and detection. In an article posted to the company’s LinkedIn page, Precision Drilling acknowledged the “challenges customers are facing with environmental reporting workflows and reaching their emissions reporting visions.” Company IoT Manager Russell Whitney addressed this at the 8th annual IoT in Oil and
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