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Image - ExxonMobil Sets Record in High Performance Oil and Gas Reservoir Computing

ExxonMobil Sets Record in High Performance Oil and Gas Reservoir Computing

ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of processors used on complex oil and gas reservoir simulation models to improve exploration and production results. The breakthrough in parallel simulation used 716,800 processors, the equivalent of harnessing the power of 22,400 computers with 32 processors per computer. ExxonMobil geoscientists and en...

Oil and Gas Feb 16, 2017


Image - Petrobras and Foro Energy Announce Signing Extension of Technology Cooperation Agreement

Petrobras and Foro Energy Announce Signing Extension of Technology Cooperation Agreement

Petrobras and Foro Energy today announced the signing of an amendment extending their Technology Cooperation Agreement (TCA) for developing a next generation high power laser drilling system. The TCA extension between Petrobras Research & Development Center (CENPES) and Foro Energy sets the framework to continue the collaborative research between Petrobras and Foro Energy for an additional two years with the opportunity for extensions. Both Petrobras and Foro Energy recognize the importanc...

Oil and Gas Feb 16, 2017




Image - PV Hybrid System From SMA Lowers Electricity Costs in East Africas Largest Salt Factory

PV Hybrid System From SMA Lowers Electricity Costs in East Africa's Largest Salt Factory

SMA Solar Technology AG (SMA) and its subsidiary SMA Sunbelt Energy GmbH have commissioned one of Kenya's largest solar hybrid systems in Malindi, in East Africa. The SMA Fuel Save Controller smartly integrates the PV system including 34 Sunny Tripower inverters to the public grid and the diesel generators. This way the system generates approximately 1.6 gigawatt-hours of electricity per year, saving 25% of Krystalline Salt Ltd. electricity costs in the future. "The 1 MW PV Hybrid System with...

Solar Feb 15, 2017


Image - Gas Insulated Substation Market Worth $34.72 Bn In 2022

Gas Insulated Substation Market Worth $34.72 Bn In 2022

This new 185 page, now available on ASDReports, Gas Insulated Substation (GIS) Market Outlook 2017-2027: Revenue Forecasts ($bn) by Voltage Range (Medium (= 72.5 KV) and High (> 72.5 KV) voltage), Regional and National Level Analysis; North America (U.S, Canada), Europe (Germany, U.K, Russia), Asia-Pacific (China, India, Japan) and the Rest of the World (Saudi Arabia, Brazil, South Africa) indicates that the gas insulated substation market will generate revenues of $23.08bn in 2017. The repor...

Oil and Gas Feb 16, 2017


Image - CalCom and SunLink Partner to Bring Solar to Farms in Californias Central Valley

CalCom and SunLink Partner to Bring Solar to Farms in California's Central Valley

With shared expertise in designing, permitting, building and optimizing solar energy systems for agricultural operations, SunLink Corporation and CalCom Solar have successfully completed three solar projects in Shafter and Wasco, Calif. - the first in a larger Central Valley portfolio of installations. To streamline all project construction, SunLink standardized its mounting solution design and permit set to align with CalCom's installation preferences. SunLink PowerCare geotechnical testing ...

Solar Feb 15, 2017


Image - Covey Park Announces Acquisition of Additional Haynesville Assets from Chesapeake Energy for $465 M

Covey Park Announces Acquisition of Additional Haynesville Assets from Chesapeake Energy for $465 M

Covey Park Energy LLC, a Dallas, Texas-based independent oil and gas exploration and production company, announced today the closing of the acquisition of additional assets located in the Haynesville shale area of North Louisiana from Chesapeake Exploration, LLC and related companies ("Chesapeake") for $465 million. Covey Park funded a portion of the Chesapeake acquisition with additional equity investments from its existing investor Denham Capital, as well as incremental debt commitments fro...

Oil and Gas Feb 16, 2017


Image - Petrus Resources Announces Ferrier Acquisition and Private Placement

Petrus Resources Announces Ferrier Acquisition and Private Placement

Petrus Resources Ltd. is pleased to announce that it has entered into an agreement with a private company to acquire certain oil and natural gas interests in the Ferrier area, subject to customary closing conditions (the "Acquisition"). PROPERTY ACQUISITION Pursuant to the Acquisition, Petrus will acquire approximately 40 boe/d of production as well as a 100% working interest in a drilled and completed Cardium horizontal well ("Non-Producing Well") which is expected to be tied in later in 20...

Oil and Gas Feb 14, 2017




Image - Enbridge Energy Partners, L.P. Closes Bakken Pipeline System Acquisition

Enbridge Energy Partners, L.P. Closes Bakken Pipeline System Acquisition

Enbridge Energy Partners, L.P. announced today that its previously disclosed transaction to acquire an effective 27.6 percent interest in the Bakken Pipeline System (Bakken Pipeline or the System) has closed as final conditions have now been met. The System consists of the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, both of which will be operated by Energy Transfer Partners, L.P., and connects the prolific Bakken formation in North Dakota to eastern PADD II and...

Oil and Gas Feb 15, 2017


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