At Swinton Technology, we specialise in flow measurement within the oil and gas industry, through the supply of flow computing systems and metering software solutions. As part of our portfolio, we provide intelligent solutions for the industry with the aim of reducing the need for human intervention and constant system and equipment monitoring. Our solutions help to prevent costs associated with downtime and allows fiscally critical decisions to be made with ease, i.e. those that reduce metering uncertainty are prioritised before less significant actions.
Taleveras has become the first African independent gas trading company to secure a term deal with a Mont Belvieu-based LPG facility for the export of liquefied petroleum gas starting in the first quarter of 2021.
Taleveras has joined a growing list of global trading firms increasing their presence in the liquefied natural gas market, raising its delivery volumes by almost 30% year on year.
Green shoots in the oil and gas market predicted at the start of 2020 have fallen by the wayside. It was meant to be the year when the industry, particularly in Europe, got serious about ESG credentials and planning for a carbon free future.
As some of the North Sea’s private equity-backed players prepare themselves for public listings, 2020 is expected to be a “big year” for gauging the size of investors’ appetites.
Meta: In the oil and gas industry, Industrial Internet of Things-driven solutions can increase the productivity of drilling and extraction operations by 30% by turning the data from multiple geographically distributed oil wells into informative insights about wells’ performance.
Volatile oil prices are hindering global M&A deals by creating uncertainty, widening the asset valuation gap between buyer and seller, and making companies re-think their strategies, analysts said.
Signs of improved execution show that companies are finally getting it right after a “dismal period” on upstream project returns, according to Wood Mackenzie.
The number of upstream projects sanctioned globally is on course to double this year as the sector’s recovery continues, an energy consultancy has said.
Oil major Chevron said its budget for next year will see a reduction of 42% from 2015 and is expected to be at least 15% lower than projected investments for 2016.
Centrica has recruited a new head for its upstream business. Chris Cox will lead the Scottish Gas-owner's exploration & production (E&P) business, which is one of the largest producers of natural gas in the UK.
Moody’s said as commodity prices continue to slide, the global oil and gas industry will reduce capital spending and work towards leaner budgets this year.
The investor’s service said lower commodity prices have led to deterioration in cash flows and liquidity, which has strained the already limited financial flexibility of oil and gas companies.
A global decline in the oil price since last year may have hindered upstream business in regions such as the UKCS.
But for Hungary's MOL Group, the lower oil price has prompted an unexpected boost in its downstream operations.
David Pullan, group downstream development senior vice president for the company, told delegates at the Central Eastern Europe and Turkey Refinery Summit in Budapest his side of the business had seen "very good" results.
In the third part of our week long series from MOL's headquarters in Hungary, we look to its successes in its downstream business.
