Exploration

RDPETRO, formerly known as ADRAC, is expanded in 2018 to attract global innovators from within and outside the oil and gas industry, technology companies, start-ups and academia.

Under the terms of the agreement, the parties will purchase, test and install Batwind to investigate how the battery storage solution can be leveraged to improve the operational and cost efficiency of offshore wind farms.

Saudi Aramco received first place for a novel technology that relates to automatic near surface velocity and residual statics solutions from surface consistent analysis of refracted waves.

The firms will evaluate areas of mutual interest that can bring together their experience across the oil and gas production value chain, including opportunities for cooperation in exploration, production, gas and chemicals, both inside and outside Brazil.

Wintershall DEA would have significant growth potential and be one of the largest independent European exploration and production companies. In the medium term, BASF and LetterOne envisage to list Wintershall DEA through an initial public offering.

In the meeting, at ADNOC’s corporate headquarters, discussions focused on strengthening the UAE and ADNOC’s long-standing and close relationship with the United States in the energy sector.

With CEO-level delegations from Russia’s top oil and gas companies attending, the country’s national pavilion for 2017 ADIPEC is more than five times in size compared to 2016.

The funds, to be shared pro-rata by DNO and partner Genel Energy, include US$33.21 million towards monthly deliveries and US$6.39 million towards recovery of outstanding receivables.

The international IQ-CHem platform for petrochemical start-ups, created in 2017, will contribute to the development of co-operation between start-ups and existing corporations, with the aim of improving technological processes in the industry.

DNO reported quarterly net profit of US$15 million, reversing a net loss of US$31 million in the previous quarter.