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IT Shades
Engage & Enable
I-Bytes
Energy
October Edition 2019
Email us - solutions@itshades.com
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About Us
Who We are Aim of this I-Byte Reasons to talk to us
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of latest data points and publicly
available information relevant for
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Table of Contents
1. Financial, M & A Updates..................................................................................................................................1
2. Solution Updates................................................................................................................................................13
3. Rewards and Recognition Updates..................................................................................................................17
4. Customer Success Updates...............................................................................................................................29
5. Partnership Ecosystem Updates......................................................................................................................34
6. Miscellaneous Updates.....................................................................................................................................57
7. Event Updates...................................................................................................................................................59
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Financial, M & A
Updates Energy Industry
Financial, M&A Updates
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Occidental (USA) Provides Update on Divestiture and Deleveraging
Initiatives
Occidental Petroleum Corporation provided an update on its divestiture and deleveraging
initiatives following the recent close of its acquisition of Anadarko Petroleum on August 8,
2019.Occidental remains on track to deliver $10 to $15 billion of planned asset sales and
remains confident in its deleveraging strategy. Occidental will continue to take actions to
drive value for all of the Company’s stakeholders.Occidental’s progress includes:
• Sale of Anadarko’s Mozambique LNG Stake to Total: Occidental has completed the sale of
Anadarko’s Mozambique LNG stake to Total S.A. (“Total”) (NYSE: TOT), for $3.9 billion.
As previously announced, Occidental entered into a binding agreement to sell Anadarko’s
African assets to Total for $8.8 billion. Following the completion of the Mozambique
transaction, Occidental and Total continue to work towards closing the remaining Africa
transactions in Algeria, Ghana and South Africa pursuant to the definitive agreement signed
in August 2019.
• Sale of the Plains Stake: Occidental completed the sale of its holdings in Plains All
American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings, L.P. (NYSE: PAGP)
(“Plains”) for $650 million.
• Ecopetrol Joint Venture: In conjunction with Occidental’s second quarter 2019 earnings,
Occidental announced a strategic partnership with Ecopetrol to develop Midland Basin
acreage for $750 million in cash plus $750 million in carried capital. The transaction is
expected to close before year end.
Executive Commentary
“We have made progress quickly on our post-acquisition divestiture and
deleveraging goals and remain confident in our ability to realize the full value of
the Anadarko acquisition for our shareholders,” stated President and Chief
Executive Officer. “Upon completion of our recent initiatives, we will have
reached approximately $10 billion of our targeted divestitures with more to
follow.”
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Description
1For more details, please click the link below:
https://www.oxy.com/News/Pages/Article.aspx?Article=6160.html
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Financial, M&A Updates
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Cenovus (Canada) positioned for $11 billion of cumulative free
funds flow through 2024
Cenovus Energy Inc. announced its updated corporate strategy
and five-year business plan. Building on the company’s
excellent financial performance in the first half of 2019,
Cenovus’s strategy through 2024 will focus on sustainably
growing shareholder returns and further reducing net debt. The
five-year business plan allows for disciplined production
growth at Cenovus’s best-in-class oil sands assets, subject to
improved market access, and provides potential for cumulative
free funds flow of approximately $11 billion at mid-cycle West
Texas Intermediate (WTI) prices averaging between US$57 and
US$60 per barrel (bbl). In addition, Cenovus has reduced its
2019 capital budget guidance to between $1.1 billion and $1.2
billion, a $150 million reduction from the midpoint of the
company’s April 23, 2019 guidance.
Executive Commentary
“Our updated business plan is focused on maximizing the
value of every barrel we produce,” said Cenovus President
& Chief Executive Officer. “With the tremendous
improvements we’ve made to our cost structure and
balance sheet over the past few years, I’m confident we are
in a strong position to generate significant value for
shareholders through 2024 and beyond.”
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Description
2For more details, please click the link below:
https://www.cenovus.com/news/news-releases/2019/10-02-2019-Cenovus-positioned-for-11-billion-of-cumulative-free-funds-flow-through-2024.html
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Financial, M&A Updates
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ConocoPhillips (USA) Completes $2.7 Billion Sale of United Kingdom
E&P Subsidiaries
ConocoPhillips completed its previously announced
transaction to sell two ConocoPhillips United
Kingdom (U.K.) subsidiaries to Chrysaor E&P
Limited for $2.675 billion, plus interest and
customary adjustments. Together, the subsidiaries
indirectly held the company’s exploration and
production assets in the U.K., as well as
approximately $1.8 billion in asset retirement
obligations. Proceeds will be used for general
corporate purposes.
Executive Commentary
“We are pleased that Chrysaor recognizes the value
of our U.K. exploration and production assets, and
will continue their development in the future,” said
Chairman and chief executive officer. “Our
business legacy in the U.K. reflects a 50-year
history of achievement and operational excellence.
Our workforce there should be proud of their
accomplishments, and we look forward to
maintaining our commercial trading business in
London and continuing as operator of the Teesside
oil terminal.”
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Description
3For more details, please click the link below:
http://www.conocophillips.com/news-media/story/conocophillips-completes-2-7-billion-sale-of-united-kingdom-e-p-subsidiaries/
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Financial, M&A Updates
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Vår Energi acquires ExxonMobil’s(USA) upstream assets in
Norway
Vår Energi AS, owned by Eni and HitecVision, has signed an agreement
with ExxonMobil to acquire its upstream assets in Norway. The
transaction includes ownership interests in more than 20 producing fields
operated mostly by Equinor, including Grane, Snorre, Ormen Lange,
Statfjord and Fram, with a combined production of approximately
150,000 barrels of oil equivalents per day (boepd) in 2019.The agreed
terms include a cash consideration of USD 4.5 billion subject to closing
adjustments. The acquisition has an effective date of 1 January 2019 and
is expected to be completed in Q4 2019 subject to standard conditions
precedent, including customary approvals from regulatory
authorities.Vår Energi will become the second largest E&P company on
the NCS after Equinor, with total reserves and resources of about 1,900
million boe. Total production is expected to be about 300,000 boepd in
2019, growing organically to more than 350,000 boepd in 2023 as the
company invests about USD 7 billion in development projects such as
Johan Castberg, Balder X and Grand in the 2020-23 period.
Executive Commentary
CEO of Eni, stated:“The transaction delivers a key strategic objective
for Vår Energi. The acquired assets complement and strengthen Vår
Energi in core areas well known to Management and open up new
opportunities for growth. As shareholder we are pleased that the
Company becomes the second largest oil and gas company and
Equinor’s largest partner in Norway, and look forward to delivering
on the still tremendous potential of the NCS. In one year, we have
completely restructured and strengthened the Eni presence in Norway
by creating a strong Norwegian partnership based on the
shareholders’ alignment on strategy and objectives. Furthermore, in
coherence with Eni’s strategy, the increase in OECD production will
contribute to Eni’s rebalancing of geographical exposure.”
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Description
4For more details, please click the link below:
https://www.eni.com/en_IT/media/2019/09/var-energi-acquires-exxonmobils-upstream-assets-in-norway
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Financial, M&A Updates
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EQT (USA) portfolio company Hector Rail Group to sell UK subsidiary
GB Railfreight
EQT Infrastructure II announced that its portfolio
company Hector Rail Group has entered into a definitive
agreement to sell GB Railfreight Limited to Infracapital,
the unlisted infrastructure equity arm of M&GPrudential.
Founded in 1999, GB Railfreight is the third largest rail
freight operator in the UK and provides essential freight
and non-freight haulage services to its customers. The
Company’s team of 900 people operates well above 1,000
trainloads a week, moving approximately 23 percent of
UK’s rail cargo. The Company has a fleet of over 180
locomotives and 1,500 wagons, transporting goods for a
wide range of customers, including Network Rail, MSC,
Bombardier, Drax, Tarmac and Aggregate Industries.
Executive Commentary
CEO and founder of GB Railfreight, comments:
“Together with EQT, the Company has been able to
continue on our strong growth trajectory, adding a
range of new freight services across the UK rail
network and supporting the growth of the UK economy
by transporting goods and materials across the country.
We continue to see strong demand for our services and
look forward to entering the next phase of growth
together with our new owners.”
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Description
5For more details, please click the link below:
https://www.eqtgroup.com/news/Press-Releases/2019/eqt-portfolio-company-hector-rail-group-to-sell-uk-subsidiary-gb-railfreight/
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EQT (USA) portfolio company Kodiak Gas Services to acquire Pegasus
Optimization Managers
EQT Infrastructure portfolio company Kodiak Gas Services announced the
signing of a definitive agreement to acquire Pegasus Optimization
Managers from affiliates of Apollo Natural Resource Partners II, L.P., a
fund managed by affiliates of Apollo Global Management, Inc. Kodiak’s
acquisition of Pegasus solidifies it as an industry leader in service and
quality. The combination of Kodiak and Pegasus brings together the two
fastest growing contract compression businesses, with the combined
youngest fleet in the industry, a focus on exceptional customer service, and
technical performance leading to best-in-class mechanical availability and
reliability. Kodiak, acquired by EQT Infrastructure in February 2019, is the
largest privately owned and one of the largest contract compression
companies in the US; providing necessary compression equipment for the
extraction of oil and transportation of natural gas in the United States. As a
result of the acquisition, Kodiak will have more than 2,500,000 revenue
generating horsepower (“HP”) deployed across key basins.
Executive Commentary
President and CEO of Kodiak, said: “We are very excited about the
acquisition of Pegasus. The combination of Pegasus and Kodiak furthers
our strategy of creating the best performing contract compression
company in the industry by employing the most talented workforce and
utilizing the most sought-after equipment. The cultures, operating
philosophies, customer service and employee focus of both companies
are one and the same and we are confident that the combined company
will continue to build on this strong foundation. We look forward to
working together and continuing to provide the best service in the
industry to our customers.”
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Description
6For more details, please click the link below:
https://www.eqtgroup.com/news/Press-Releases/2019/eqt-portfolio-company-kodiak-gas-services-to-acquire-pegasus-optimization-managers/
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EQT (USA) acquires inexio, a leading provider of fiber-optic internet
access in Germany
The EQT Infrastructure IV fund announced that it has
agreed to acquire inexioBeteiligungs GmbH & Co.
KGaA from Warburg Pincus, Deutsche Beteiligungs
AG, the founders and several minority investors.inexio
was founded in 2007 and has since the start invested
heavily in fiber infrastructure in rural and small-town
communities in Germany, predominantly in the
Southwestern and Southern parts. The Company
provides high-speed internet access to more than
300,000 households and 6,000 businesses. inexio's
unique and scalable network, consisting of more than
10,000 kilometers of fiber-optic infrastructure, provides
a strong platform for continued growth.
Executive Commentary
Partner at EQT Partners and Investment Advisor to
EQT Infrastructure, said: “We are delighted about the
opportunity to invest in inexio. We are impressed by
the growth the team around David Zimmer has
achieved over the past ten years. The strong need for
fiber-based Gigabit internet access in Germany will
require substantial investments over the coming years.
EQT, as one of the leading fiber investors world-wide,
is fully committed to supporting inexio and its
management team to embark on this exciting journey
while also contributing to making Germany a more
digital and connected society.”
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Description
7For more details, please click the link below:
https://www.eqtgroup.com/news/Press-Releases/2019/eqt-acquires-inexio-a-leading-provider-of-fiber-optic-internet-access-in-germany/
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ExxonMobil(USA) to sell Norway upstream operations for
$4.5 billion
ExxonMobil signed an agreement with Vår Energi AS for the
sale of its non-operated upstream assets in Norway for $4.5
billion as part of its previously announced plans to divest
approximately $15 billion in non-strategic assets by 2021.The
transaction includes ownership interests in more than 20
producing fields operated mostly by Equinor, including Grane,
Snorre, Ormen Lange, Statfjord and Fram, with a combined
production of approximately 150,000 oil-equivalent barrels per
day in 2019.The transaction is expected to close in the fourth
quarter of 2019, subject to standard conditions precedent,
including customary approvals from regulatory authorities. The
majority of the ExxonMobil employees impacted by the sale
will transfer to positions at VårEnergi.
Executive Commentary
“Our objective is to have the strongest, most competitive
Upstream portfolio in the industry,” said Senior vice
president of ExxonMobil. “We’re achieving that by adding
the best set of projects we’ve had in many years and
divesting assets that have lower long-term strategic value.
This sale is an important part of our divestment program,
which is on track to meet our $15 billion target by 2021.”
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Description
8For more details, please click the link below:
https://corporate.exxonmobil.com/News/Newsroom/News-releases/2019/0926_ExxonMobil-to-sell-Norway-upstream-operations-for-4_5-billion
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Hess Corporation (USA) to Receive Cash and Equity from Sale of Hess
Infrastructure Partners LP to Hess Midstream Partners LP
Hess Corporation to Receive Cash and Equity from Sale of Hess Infrastructure
Partners LP to Hess Midstream Partners LP Hess will receive approximately
$275 million in cash and approximately 115 million newly issued units in Hess
Midstream Partners LP (NYSE: HESM) as part of a proposed transaction
announced by HESM. Under the terms of the proposed transaction, HESM
will acquire Hess Infrastructure Partners LP (HIP), a 50/50 joint venture
between Hess Corporation and Global Infrastructure Partners, including HIP’s
80% interest in HESM’s oil and gas midstream assets, HIP’s water services
business and the outstanding economic general partner interest and incentive
distribution rights in HESM. In addition, HESM’s organizational structure will
convert from a master limited partnership (MLP) into an “Up-C” structure in
which HESM’s public unitholders will receive newly issued securities in a
new public entity to be named “Hess Midstream LP” (“Hess Midstream”).
Upon completion of the transaction, Hess Corporation will own approximately
134 million HESM units, or 47 percent of Hess Midstream on a consolidated
basis, valued at approximately $2.6 billion based on the closing price per
HESM common unit on Oct. 2, 2019.
Executive Commentary
Hess CorporationChief Executive Officer said: “This transaction is
compelling for all parties involved and was unanimously approved by each
company’s board of directors. It simplifies the ownership structure of Hess
Midstream, provides transparency on the value of Hess’ midstream
interests, and positions Hess Midstream for sustainable growth and value
creation as a large-scale, publicly traded midstream company accessible to
a broad range of investors.”
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Description
9For more details, please click the link below:
https://www.hess.com/newsroom/news-article/2019/10/04/hess-corporation-to-receive-cash-and-equity-from-sale-of-hess-infrastructure-partners-lp-to-hess-midstream-partners-lp
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Husky Energy (Canada) Announces Agreement to Sell Prince
George Refinery
Husky Energy announced it has reached an agreement for
the sale of its Prince George Refinery to Tidewater
Midstream and Infrastructure for $215 million in cash plus
a closing adjustment for inventory, and a contingent
payment of up to $60 million over two years. Husky
previously announced it was considering selling the Prince
George Refinery to focus on its Integrated Corridor and
Offshore businesses. The Integrated Corridor is a series of
physically-linked assets that includes upstream thermal
crude production, storage, committed pipeline capacity and
refineries. The Integrated Corridor is designed to maximize
margin capture, access to markets and optionality. The
Offshore business focuses on oil and gas production off
Canada’s East Coast and in the Asia Pacific region.
Executive Commentary
“We continue to deliver on Husky’s five-year plan
outlined at our Investor Day in May, with an ongoing
focus on capital discipline, consistent execution and
increased margins,” said CEO. “The plan is aimed at
further enhancing the resiliency of the Company.”
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Description
10For more details, please click the link below:
https://huskyenergy.com/news/release.asp?release_id=1925301
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Ørsted (Denmark) enters into an agreement to divest its Danish power distribution,
residential customer and City Light businesses to SEAS-NVE
Ørsted has signed an agreement to divest its Danish power
distribution (Radius), residential customer and City Light
businesses to SEAS-NVE for a price of DKK 21.3 billion on a
cash and debt-free basis. The proceeds will be paid in cash upon
closing of the transaction. The agreement has been entered into
following an unsolicited, non-binding offer which Ørsted
received from SEAS-NVE in second half of June 2019. The
agreement follows the decision made in June 2018 by Ørsted’s
Board of Directors and Executive Management that Ørsted is
not the best long term-owner of these businesses. The decision
led Ørsted to initiate a structured divestment process for these
businesses in autumn 2018. In January 2019, this divestment
process was discontinued as the political support required to
continue the process was no longer there.
Executive Commentary
CEO and President of Ørsted, says:“With Ørsted’s global
expansion in renewable energy, we’re no longer the right
owner of Radius and the Danish residential customer and
City Light businesses. We’re therefore happy to enter into an
agreement with SEAS-NVE, which is Denmark’s second
largest cooperatively-owned energy company, to buy these
businesses. The agreement ensures an attractive transaction
for Ørsted’s shareholders and provides a good future home
for the customers and for our highly skilled employees. We’ll
use the proceeds from the divestment to continue our global
investments in green energy.”
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Description
11For more details, please click the link below:
https://orsted.com/en/Company-Announcement-List/2019/09/1917211
R & R Updates
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Apache (USA) Named E&P Company of The Year At The 2019 Texas Oil
& Gas Awards
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17
Apache was named E&P Company of the Year at the 2019 Texas Oil and Gas Awards in Houston on
September 19, 2019. The award recipient is selected by a panel of judges and recognizes a company that
demonstrates operational excellence and environmental stewardship, as well as a clear commitment to
community engagement and the professional development of its employees. The panel of judges, comprised
of industry peers, cited Apache’s robust water recycling programs, as well as internal programs aimed at
assisting Apache employees during times of need.Whenever possible, Apache recycles produced water from
operations. This recycling has multiple benefits, including reducing fresh water use, reducing water-hauling
truck traffic and lowering costs associated with water disposal. In 2017, more than 47 percent of our total
water withdrawals were recycled or reused, and more than 90 percent of the water used for drilling and
completions in Alpine High was recycled or nonpotable.
For more details, please click the link below:
http://www.apachecorp.com/News/Articles/View_Article.aspx?Article.ItemID=4767
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Galp (Portugal) leads Dow Jones Sustainability index in Europe, sticks to
Top 3 of world’s most sustainable companies
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Galp is Europe’s most sustainable company in its industry, and nº3 worldwide, as measured by the Dow
Jones Sustainability Indices (DJSI) 2019, achieving the best score in the eight consecutive years since
joining the indices, and leading the way in the Environmental dimension. The company ranked first in
the DJSI Europe amongst its Oil & Gas Upstream & Integrated peers. In the DJSI World, the company
ranked third out of the 52 companies reviewed by RobecoSAM, which helps put the indices
together.Galp achieved the highest score worldwide under the environmental dimension, leading the
industry on Water-Related Risks and on Climate Strategy.Galp also scored high on the Economic
dimension, with a leading position on Risk and Crisis Management.In the Social dimension, Galp led in
Human Capital Development as well as in Corporate Citizenship and Philanthropy.
For more details, please click the link below:
https://www.galp.com/corp/en/media/press-releases/press-release/id/995/galp-leads-dow-jones-sustainability-index-in-europe-sticks-to-top-3-of-worlds-most-sustainable-companies
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Gazprom’s (Russia) sustainability efforts receive awards from Russian
Energy Ministry
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19
Based on the results of the contest for the best socially oriented oil and gas company held by the Russian Ministry of
Energy in 2019, Gazprom was declared the winner in the Best Public Non-Financial Report of an Oil and Gas
Company category. The Gazprom Group’s Sustainability Report 2018 was submitted to compete in the category. In
reviewing submissions, the contest committee’s assessment criteria included the following: the extent of information
disclosure in the report, the use of nationally and globally recognized international standards and recommendations
when compiling the report, creativity employed to present the information in the report, and availability of an
independent auditor’s assessment of the report. Gazprom was also declared the winner in the Charity Activities of a
Company with More Than 100,000 Employees category. In addition, the Football for Friendship international
children’s social program, the Keeping the Flame of the Victory comprehensive program, and the corporate Fakel
Festival received diplomas and trophies of the contest as best projects.
For more details, please click the link below:
https://www.gazprom.com/press/news/2019/october/article488991/
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Hess (USA) Named to Dow Jones Sustainability Index North America for
Tenth Consecutive Year
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20
Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the tenth consecutive year. The
index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used
as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies
in each industry are considered each year for index membership. Hess is one of four U.S. oil and gas producers in the Energy industry
group listed on the North America Index.Earlier this year, Hess was also recognized on the FTSE4Good Index Series for strong
environmental, social and governance practices. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is
designed to objectively measure the performance of companies that meet globally recognized corporate responsibility standards.The
DJSI, introduced in 1999, is produced by Dow Jones in collaboration with RobecoSAM, a Swiss investment company founded on the
belief that integrating Environmental, Social and Governance (ESG) factors into traditional financial analysis can generate long-term
value. The company has compiled one of the world’s most comprehensive databases of financially material sustainability
information.
For more details, please click the link below:
https://www.hess.com/newsroom/news-article/2019/09/17/hess-named-to-dow-jones-sustainability-index-north-america-for-tenth-consecutive-year
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Lukoil (Russia) Wins an International PR Contest Under United Nations
Auspices
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21
The International Public Relations Association announced LUKOIL as the winner of the IPRA Golden World Awards for Excellence
in two categories – Best Company for Community Engagement and Best Company for Promoting Tradition, Territory and Tourism –
recognizing two of the company's campaigns that helped engage a local community and promote the city of Kogalym among tourists.
This year, the contest, held in cooperation with the United Nations and in line with its sustainability goals, rated projects from
eighty-nine countries. LUKOIL earned awards for the projects that promoted Kogalym, where the company began, as a center of
tourism in the oil and gas producing region of West Siberia. In 2018 alone, around thirty-four thousand tourists visited Kogalym.
Being a tourist attraction not only for its national color (the nomadic camps of Khanty - the indigenous people of the North are only
40 kilometers away from the city), but also for its unique cultural, sports and recreational facilities, among them: Galaktika cultural
and sports center, housing the world's top-ten aquarium, local branch of Moscow's State Academic Maly Theatre, the church of the
Holy Martyr Tatiana, where relics of Saint Tatiana, bestowed by the Roman Catholic Church in honor of the Russian Orthodox
Church are attracting pilgrims from various regions of Russia in hope for healing, spiritual renovation or protection.
For more details, please click the link below:
http://www.lukoil.com/PressCenter/Pressreleases/Pressrelease?rid=393679
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OMV (Austria) again listed in the Dow Jones Sustainability Index
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OMV has entered the Dow Jones Sustainability Index (DJSI World) for the second time and is still the sole Austrian
company included. The index was launched in 1999 and serves as a benchmark for investors who integrate
sustainability considerations into their portfolios. The Dow Jones Sustainability World Index comprises the top 10%
of the largest 2,500 companies in the S&P Global Index in terms of sustainability leadership, based on the
assessment of long-term economic, environmental and social criteria.OMV is listed on the following sustainability
indices: FTSE4Good Index Series, STOXX® Global ESG Leaders, S&P Europe 350 ESG Index, MSCI ACWI
ESG Leaders Index, MSCI ACWI SRI Index and ECPI Indices. The ESG performance of OMV has been awarded
Prime Status following the assessment of ISS oekom, recognized as an “Industry Mover” in the RobecoSAM
Yearbook, received an AAA score from MSCI, an A– (Leadership) score by CDP, has been rated as an
“Outperformer” by Sustainalytics, and holds a Quality Score 1 from ISS in the ESG categories.
For more details, please click the link below:
https://www.omv.com/en/news/190923-omv-again-listed-in-the-dow-jones-sustainability-index
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Oneok (USA) Included in Dow Jones Sustainability North America Index
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ONEOK, Inc. announced its inclusion in the Dow Jones Sustainability North America Index (DJSI North America),
which recognizes companies for industry-leading environmental, social and governance (ESG) performance.
ONEOK is the only U.S.-based midstream energy company included in the index.Founded in 1999, the DJSI was
the first global sustainability benchmark and tracks the stock performance of the world's leading companies in terms
of economic, environmental and social criteria. The DJSI North America tracks the performance of the top 20% of
the largest 600 companies in the S&P Global Broad Market Index in the region.ONEOK, Inc. (pronounced
ONE-OAK) (NYSE: OKE) is a leading midstream service provider and owner of one of the nation's premier natural
gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions
with key market centers and an extensive network of natural gas gathering, processing, storage and transportation
assets.ONEOK is a FORTUNE 500 company and is included in the S&P 500.
For more details, please click the link below:
https://ir.oneok.com/news-and-events/press-releases/2019/09-23-2019-211453039
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Petrobras (Brazil) is first company to receive international supply chain
excellence certification
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Petrobras is the first company to achieve ASCM (Association for Supply Chain Management) certification for
environmental, ethical and economic excellence in the goods and services supply chain process. Built on an APICS
certification and training base for 60 years, ASCM is a global leader in supply chain transformation, innovation and
leadership, with over 45,000 members in 100 countries. The announcement was made on Wednesday (September 18) at
ASCM 2019 in Las Vegas, United States.ASCM's auditors reviewed more than 170 documents and evaluated Petrobras's
procurement and logistics processes against international best practices, considering over 148 criteria. They also visited
Petrobras' supply logistics units, where they could check, for example, automated warehouse management and control,
adoption of digital solutions, and a commitment to high standards in addressing environmental issues. The certification
process involved more than 50 professionals from various areas of Petrobras: Supply and Goods and Services; E&P
logistics; Governance; ICT; Shared; Conformity; Internal audit; Human Resources; Safety, Environment and Health;
Strategy; Risks, Social Responsibility and Cenpes.
For more details, please click the link below:
https://www.agenciapetrobras.com.br/Materia/ExibirMateria?p_materia=981236
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PKN ORLEN (Poland) recognized for its activities in the field of energy
security and independence
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25
PKN ORLEN consistently undertakes actions aimed at strengthening energy security, both for the company, as well as for
Poland and the entire region. This important contribution, also raising the competitiveness of the Polish economy, has been
recognized by the editorial board of the Nowy Przemysł Economic Magazine and the WNP.PL website.The strength and
innovation of the national economy determines the position of domestic companies both in the region and in Europe. That
is why PKN ORLEN is committed to ensuring the country's energy security. Hence, strengthened activities to diversify oil
supplies - for the entire ORLEN Group, over 40% of supplies already come from directions other than Russian, and in
2012-2013 it was only 5%. The implemented investments are also extremely important, which are aimed at improving
Poland's trade balance, especially in the area of petrochemistry, which will gain in importance. Over the past year alone,
PKN ORLEN has initiated a number of projects building the Group's value in the long run, such as the Petrochemical
Development Program, the construction of a fertilizer installation in ANWIL in Włocławek and a plant for the production
of "green" glycol in ORLEN Południe.
For more details, please click the link below:
https://www.orlen.pl/PL/BiuroPrasowe/Strony/PKN-ORLEN-wyr%C3%B3%C5%BCniony-za-dzia%C5%82ania-na-rzecz-bezpiecze%C5%84stwa-i-niezale%C5%BCno%C5%9Bci-energetycznej.aspx
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Saipem (Italy) confirmed as sector leader in the Dow Jones sustainability
index
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26
Saipem has been included, for the third consecutive year, in the World and Europe equity indices of the Dow Jones Sustainability
Index, as a leader in the Energy Equipment Services industrial sector. For over twenty years, the Dow Jones Sustainability Index,
based on a selection carried out by the rating agency RobecoSAM, has classified the companies that stand out in each sector through
a complex assessment process that involves analysis of the suitability of the business system and of compliance with stringent
economic, ethical, social, environmental and governance criteria.In addition to highlighting the best practices implemented by
Saipem, this year's evaluation recorded a further and significant improvement in the company’s performance compared to previous
years.Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors.
It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and
XSIGHT, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech
assets, which it uses to identify solutions aimed at satisfying its customers’ requirements. Listed on the Milan Stock Exchange, it is
present in over 70 countries worldwide and has 32,000 employees of 120 different nationalities.
For more details, please click the link below:
https://www.saipem.com/en/media/press-releases/2019-09-16/saipem-confirmed-sector-leader-dow-jones-sustainability-index?referral=%2Fen%2Fmedia
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Ipiranga(Brazil) reinforces its position as one of the “Most Valuable
Brands in Brazil”
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Ipiranga continues to be one of the most valuable brands in the country, according to the 2019 Most Valuable
Brazilian Brands study, published by Interbrand, a global consultancy that develops and manages brand value.
In the ranking of 25 brands indicated by the survey, Ipiranga occupies the 13th position and receives the award
for the seventh consecutive year . The study evaluated 117 brands in 16 different categories. The research
explored levels of knowledge, consideration, preference, use, recommendation and rejection, as well as the
attributes that permeate the image of consumers in relation to brands. Interbrand's brand appraisal
methodology, certified to ISO 10668 for monetary requirements in brand appraisals, analyzes the influence of
the brand on the organization's performance according to its impact on consumers, employees, suppliers and
investors.
For more details, please click the link below:
http://www.ultra.com.br/show.aspx?idMateria=CZD0BMHA/jv7BkfHxReFpw==&IdCanal=lFCr3MZb2aK2gOi/HXr/qA==
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Halliburton (USA) Awarded License for Gravel Pack Completions
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28
Halliburton announced that it was awarded an international license for ExxonMobil’s patented Non-Aqueous Fluid Gravel
Packing (NAFPac™) technique for gravel pack completions. Hole stability and shale inhibition are keys to successful installation
of openhole completions. Non-aqueous fluid (NAF) is often selected to optimize the drilling process, but hole stability issues can
occur when displacement to brine is done prior to screen running operations. The NAFPac process is a gravel packing technique
that enables an operator to run the gravel-pack screens in NAF, gravel pack the well, and then subsequently displace the casing
to completion brine, all in a single trip. Running the screens in NAF significantly increases the probability of successful screen
installation and a complete gravel pack.Founded in 1919, Halliburton celebrates its 100 years of service as one of the world's
largest providers of products and services to the energy industry. With 60,000 employees, representing 140 nationalities in more
than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir — from locating
hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and
optimizing production throughout the life of the asset.
For more details, please click the link below:
https://www.halliburton.com/en-US/news/press-releases/2019/halliburton-awarded-license-for-gravel-pack-completions.html?node-id=hgeyxtfr
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Equinor (Norway) wins opportunity to develop the world’s largest offshore
wind farm
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29
UK authorities announced, 20 September, that Equinor and its partner SSE were awarded contracts to develop
three large scale offshore wind projects in the Dogger Bank region of the North Sea. This will be the world’s
biggest offshore wind farm development with a total installed capacity of 3.6 GW. The projects are expected
to produce enough energy to power the equivalent of 4.5 million UK homes. The Dogger Bank wind farm will
consist of three projects, Creyke Beck A, Creyke Beck B and Teesside A. The clearing prices for the projects
are GBP 39.650 per MWh for Creyke Beck A and GBP 41.611 per MWh for the Creyke Beck B and the
Teesside A projects (all in 2012 real prices). The auction results reflect the continued cost reductions and
technological developments and the increasing competitiveness of bottom-fixed offshore wind. The contracts
offer a fixed price for the first 15 years of operation, providing the projects with a long-term predictable
revenue stream.
For more details, please click the link below:
https://www.equinor.com/en/news/2019-09-19-doggerbank.html
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Equinor (Norway) awarding pioneering wireless subsea drone contract
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30
Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater
intervention drone and an ROV. This contract will make Equinor the first user of technology expected to be completed
in 2020. The services from Saipem Limited Norway Branch will be employed when the Njord field resumes production
in 2020. Lasting for ten years, the contract has five 2-year options for additional extension. The value of the fixed part
of the contract is estimated at about EUR 40 million. The contract lays down requirements for permanent presence in
Norway and Norwegian-speaking personnel.The new technology employs an underwater intervention drone
(Hydrone-R) and an all-electric work class ROV (Hydrone-W). The drone may be autonomous below Njord for
months between scheduled maintenance, whereas Hydrone-W will be connected to the platform like a traditional ROV.
Both are electric and can be operated without a surface vessel. The use of this technology will therefore contribute to
significant carbon reduction. In addition, the response time will be reduced. Furthermore, the operations will not be
dependent on weather conditions.
For more details, please click the link below:
https://www.equinor.com/en/news/2019-10-wireless-subsea-drone.html
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Galp(Portugal) to provide solar energy to customers through power purchase
agreements with X-Elio
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31
Galp strengthened its commercial portfolio to provide renewable power to its clients by means of a
framework agreement set with X-Elio to enter into several synthetic Power Purchase Agreements. These
agreements are based on 200 MW solar power generation projects in Spain, which are currently under
development, covering a total notional amount of 358 GWh per year during a period of 12 years, which
shall be progressively allocated to Galp’s commercial activities from June 2020 onwards.This energy is
enough to power 140,000 homes with annual CO2e savings of about 19 ktons.This framework agreement
fits Galp’s strategy, as a leading Iberian integrated energy company, to secure a balanced and competitive
long-term sourcing for its power activities, while offering its customers access to efficient and
environmentally sustainable energy solutions.
For more details, please click the link below:
https://www.galp.com/corp/en/media/press-releases/press-release/id/1005/galp-to-provide-solar-energy-to-customers-through-power-purchase-agreements-with-x-elio
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PTTEP Selects Halliburton (USA) for Well Design Digital Transformation
Contract
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32
Halliburton Company announced PTTEP, a national petroleum exploration and production company in Thailand, selected
Halliburton Landmark for joint development of new well design workflow to automate drilling and completion engineering
processes across the well lifecycle. The new workflow is based on PTTEP well design initiative which will be developed
using Landmark Digital Well Program™, an application within DecisionSpace® 365, which transforms how wells are
constructed and delivered by combining a digitalized planning and design process with engineering models on a single and
open platform. The product will support all new wells drilled and leverage data from over 1,500 existing wells to reduce
planning cycle times, enable automation, advanced analytics and optimize well design.Founded in 1919, Halliburton
celebrates its 100 years of service as one of the world's largest providers of products and services to the energy industry. With
60,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value
throughout the lifecycle of the reservoir — from locating hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and optimizing production throughout the life of the asset.
For more details, please click the link below:
https://www.halliburton.com/en-US/news/press-releases/2019/pttep-selects-halliburton-for-digital-transformation-contract.html?node-id=hgeyxtfr
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TechnipFMC (UK), JGC and Fluor Consortium Awarded a Contract for
the Rovuma LNG Project in Mozambique
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33
TechnipFMC announces that JFT – a consortium between JGC Corporation (JGC), Fluor Corporation
(Fluor) and TechnipFMC has been awarded an Engineering, Procurement and Construction (EPC) contract
by Mozambique Rovuma Venture S.p.A. (MRV) for the Rovuma LNG onshore liquefied natural gas (LNG)
production complex project located in Cabo Delgado, Mozambique. MRV, a joint-venture composed of
Eni, ExxonMobil and CNPC, holds a 70% interest in the exploration and production concession of Area 4,
with Galp, Kogas and Empresa Nacional de Hidrocarbonetos (ENH) each holding a 10% interest. The
Rovuma LNG Project will produce, liquefy and market natural gas from three reservoirs of the Mamba
complex located in the Area 4 block in the Offshore Rovuma Basin. It includes the construction of two
natural gas liquefaction trains, with a total LNG nameplate capacity of 15.2 Mtpa(1), as well as associated
onshore facilities.
For more details, please click the link below:
https://www.technipfmc.com/en/media/press-releases/2019/10/technipfmc-jgc-and-fluor-consortium-awarded-a-contract-for-the-rovuma-lng-project-in-mozambique
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Cheniere (USA) and EOG Resources Announce Long-Term Gas Supply
Agreements
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34
Cheniere Energy, Inc. announced that its subsidiaries, Corpus Christi Liquefaction, LLC and Cheniere Corpus Christi Liquefaction Stage
III, LLC, have entered into long-term gas supply agreements (“GSA”) with EOG Resources, Inc. (“EOG”) (NYSE: EOG). Under the
GSAs, EOG has agreed to sell natural gas to Cheniere over a period of approximately 15 years beginning in early 2020, with the quantity
starting at 140,000 MMBtu per day and increasing to 440,000 MMBtu per day. The LNG associated with 140,000 MMBtu per day of this
gas supply, or approximately 0.85 million tonnes per annum (“mtpa”), will be owned and marketed by Cheniere and EOG will receive a
price based on the Platts Japan Korea Marker (JKM) for this gas. The remaining 300,000 MMBtu per day will be sold by EOG to
Cheniere at a price indexed to Henry Hub.A portion of the transaction is subject to certain conditions precedent, including a positive final
investment decision on Cheniere’s Corpus Christi Stage III project. The Corpus Christi Stage III project is being developed to include up
to seven midscale liquefaction trains with a total expected aggregate nominal production capacity of approximately 9.5 mtpa. The Corpus
Christi Stage III project received a positive Environmental Assessment from the Federal Energy Regulatory Commission in March 2019
and is anticipated to receive all remaining regulatory approvals by the end of 2019.
For more details, please click the link below:
https://lngir.cheniere.com/news-events/press-releases/detail/188/cheniere-and-eog-resources-announce-long-term-gas-supply
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Chevron (USA), Schlumberger and Microsoft Announce Collaboration to
Accelerate Digital Transformation
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35
Schlumberger, Chevron and Microsoft announced the industry’s first three-party collaboration to accelerate creation of
innovative petrotechnical and digital technologies. Data is quickly emerging as one of the most valuable assets to any
company, yet extracting insights from it is often difficult as information gets trapped in internal silos. As part of the
collaboration, the three companies will work together to build Azure-native applications in the DELFI* cognitive E&P
environment initially for Chevron, which will enable companies to process, visualize, interpret and ultimately obtain
meaningful insights from multiple data sources. DELFI is a secure, scalable and open cloud-based environment providing
seamless E&P software technology across exploration, development, production and midstream. Chevron and Schlumberger
will combine their expertise and resources to accelerate the deployment of DELFI solutions in Azure, with support and
guidance from Microsoft. The parties will ensure the software developments meet the latest standards in terms of security,
performance, release management, and are compatible with the Open Subsurface Data Universe (OSDU) Data Platform.
Building on this open foundation will amplify the capabilities of Chevron’s petrotechnical experts.
For more details, please click the link below:
https://www.chevron.com/stories/chevron-schlumberger-microsoft-announce-collaboration
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NextDecade and Enbridge (Canada) Announce Strategic MOU for the Development
of Rio Bravo Pipeline for the Rio Grande LNG Project
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36
NextDecade Corporation and Enbridge Inc. announced a Memorandum of Understanding (MOU) to jointly pursue the
development of the Rio Bravo Pipeline (Rio Bravo) and other natural gas pipelines in South Texas to transport natural gas to
NextDecade's Rio Grande LNG project located in Brownsville, Texas. Rio Bravo is designed to transport 4.5 billion cubic feet
per day of natural gas from the Agua Dulce area to Rio Grande LNG.The companies anticipate finalizing definitive
documentation reflecting the terms of the MOU in the fourth quarter of 2019.NextDecade is a liquefied natural gas (LNG)
development company focused on LNG export projects and associated pipelines in Texas. NextDecade intends to develop the
largest LNG export solution linking Permian Basin associated gas to the global LNG market, creating value for producers,
customers, and stockholders. Its portfolio of LNG projects includes the 27 mtpa Rio Grande LNG export facility in
Brownsville, Texas and the 4.5 Bcf/d Rio Bravo Pipeline that would transport natural gas from the Agua Dulce area to Rio
Grande LNG. NextDecade's common stock is listed on the Nasdaq Stock Market under the symbol "NEXT." NextDecade is
headquartered in Houston, Texas.
For more details, please click the link below:
https://www.enbridge.com/media-center/news/details?id=123590&lang=en
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Eni (Italy) and Mainstream Renewable Power Sign Renewable Energy Collabora-
tion Agreement
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37
Eni, the global energy company, and Mainstream Renewable Power (“Mainstream”), the global wind and solar development
company, have signed a co-operation agreement to develop large-scale renewable assets, targeting strategically important and
high-growth markets for both companies.By signing this agreement, Eni and Mainstream will collaborate on potential
developments of power generation from renewable sources across Africa and Southeast Asia, with an initial focus on the UK.Eni
is developing renewable energies projects on a worldwide basis, both brownfield and greenfield, with the objective to install 1,6
GW of new solar, wind and storage capacity by 2022 and 5 GW by 2025. Eni’s engagement in renewable energy complements
the traditional business as the company aims to extend the value chain and capitalise upon the synergies that exist among the
various lines of business. This strategy allows Eni to pursue the strategic priority of decarbonisation while creating at the same
time long-term value for all its stakeholders.In Africa, Mainstream has delivered 600 MW of wind and solar assets into
commercial operation in South Africa and currently has 250 MW of wind assets in construction there. Through its Lekela Power
joint venture in Africa it has 410 MW of wind assets in construction in Senegal and Egypt.
For more details, please click the link below:
https://www.eni.com/en_IT/media/2019/09/eni-and-mainstream-renewable-power-sign-renewable-energy-collaboration-agreement
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Eni (Italy) and the Government of Mozambique strengthen cooperation for
sustainable development and decarbonisation
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38
The Minister of Mineral Resources and Energy of Mozambique and Eni Chief Executive Officer signed a Memorandum of
Understanding for the definition of sustainable development and decarbonisation projects. The signing took place in Maputo in the
presence of the President of the Republic of Mozambique. The Memorandum provides for the cooperation between Eni and the
Government of Mozambique in the definition of joint initiatives to support the country’s National and Local Economic and Social
Development Agenda. These initiatives will be defined within the framework of the United Nations Sustainable Development Goals
(SDGs), and the Nationally Determined Contributions (NDC) undertaken by each country to reduce national emissions and adapt to the
impacts of climate change as part of The Paris Agreement. Areas of cooperation include emissions reduction, fostering conservation and
sustainable management of forests, and enhancement of forest carbon stocks, in the framework of REDD+ initiatives. The initial
objective is the protection of 1 million hectares of forests, which will allow to offset the future CO2 production from Eni’s projects in the
country. Other initiatives will refer to access to energy (SDG 7), industry, innovation and infrastructure development (SDG 9), sustainably
managed forests (SDG 15), action on climate change and environmental impacts (SDG 13), access to education and training (SDG 4, 8),
economic diversification (SDG 8), access to water (SDG 6) and access to health (SDG 3).
For more details, please click the link below:
https://www.eni.com/en_IT/media/2019/10/eni-and-the-government-of-mozambique-strengthen-cooperation-for-sustainable-development-and-decarbonisation
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CPIH and Equinor (Norway) sign cooperation agreement on
offshore wind
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39
CPIH and Equinor have signed a Memorandum of Understanding (MoU) to cooperate on offshore wind in
China and Europe. The MoU also opens for potentially expanding the collaboration between the two
companies.The signing of the MoU took place in Beijing on 25 September with the president of CPIH, Jun
Tian and executive vice president from Equinor, PålEitrheim. Minister counsellor & deputy head of mission
from the Norwegian embassy, Mattis Raustøl also attended the ceremony. Equinor has been in China since
1982. The Lufeng oil field, a partnership with China National Offshore Oil Corporation (CNOOC) in the
South China Sea, was the company’s first international operatorship in 1997, and was in production until
2009.Equinor has an established crude trading business in China and are engaged in international upstream
partnerships with a number of Chinese companies. These include CNOOC, China National Petroleum
Corporation (CNPC), Sinochem and Sinopec.
For more details, please click the link below:
https://www.equinor.com/en/news/2019-09-25-cpih-cooperation-agreement-wind.html
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Gazprom (Russia) and Linde to establish joint engineering venture
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40
Deputy Chairman of the Gazprom Management Committee, Executive Vice President and CEO of Linde
Engineering, Managing Director of Linde Engineering, signed at the 9th St. Petersburg International Gas
Forum the Joint Venture Contract and Joint Venture Participants Agreement between Gazprom 335 and Linde
AG.In accordance with the document, the parties will create a joint engineering venture to develop process,
design and engineering documentation for natural gas processing and liquefaction facilities in Russia. In
addition, the companies plan to provide services for the commissioning and operation of LNG plants.Linde
AG (part of Linde Plc) is one of the world's largest companies focused on industrial technologies for natural
gas treatment and separation with the recovery of ethane, propane and heavier hydrocarbon fractions. The
company, inter alia, supplies the Amur Gas Processing Plant with the core process equipment for cryogenic
recovery of helium and valuable petrochemical substances from gas.
For more details, please click the link below:
https://www.gazprom.com/press/news/2019/october/article488894/
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Gazprom (Russia) and Irkutsk Oil Company contemplating joint development
project in Krasnoyarsk Territory
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41
Deputy Chairman of the Gazprom Management Committee, Head of Department, and Chairman of the Board of Directors
of Irkutsk Oil Company signed at the 9th St. Petersburg International Gas Forum a Memorandum of Intent.Pursuant to the
document, the companies intend to jointly set up the Project for exploration, production, transportation, processing and
sale of hydrocarbons from the Sobinskoye and Paiginskoye fields, as well as the Paiginsky block, in the Krasnoyarsk
Territory.The parties drew up a list of measures to implement the Memorandum. In particular, they plan to prepare a
feasibility study on the joint development of the aforementioned fields.Gazprom Dobycha Krasnodar (a wholly-owned
subsidiary of Gazprom) is the license holder for the Sobinskoye oil, gas and condensate field.The license for the Paiginsky
block belongs to Paiga, an affiliate of Irkutsk Oil Company.Irkutsk Oil Company is one of the largest independent
hydrocarbon producers in Russia. The company and its affiliates are engaged in geological surveys, exploration and
production of hydrocarbons within the fields and licensed areas of Eastern Siberia, namely in the Irkutsk Region, the
Krasnoyarsk Territory, and the Republic of Sakha (Yakutia).
For more details, please click the link below:
https://www.gazprom.com/press/news/2019/october/article488906/
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Gazprom (Russia) and Almaz-Antey Corporation update roadmap
for cooperation
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42
Gazprom and the Almaz-Antey Corporation signed at the 9th St. Petersburg International Gas Forum an
updated roadmap for cooperation. The parties broadened the scope of their partnership. In addition to
developing equipment for subsea hydrocarbon production, gas processing and liquefied natural gas
production, Almaz-Antey will now proceed with creating compressor equipment to expand NGV
infrastructure, as well as satellite transmission facilities.In May 2018, Gazprom and Almaz-Antey signed
a roadmap for the period until 2023 to develop and produce hi-tech import-substituting equipment and
materials for the benefit of Gazprom.Some prototypes of the equipment produced under the roadmap
were on display at the St. Petersburg International Gas Forum.The Almaz-Antey Corporation is one of
the largest integrated associations in the Russian military-industrial complex. The Corporation ships to
more than 50 countries.
For more details, please click the link below:
https://www.gazprom.com/press/news/2019/october/article488971/
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Gazprom (Russia) and SPbPU to expand cooperation in personnel training
and sci-tech
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43
Deputy Chairman of the Gazprom Management Committee, and Rector of Peter the Great St. Petersburg Polytechnic University
(SPbPU), signed a Cooperation Agreement at the 9th St. Petersburg International Gas Forum.The parties intend to expand their
cooperation in science and technology, as well as in the field of personnel training, reeducation and development. Focus areas
include the creation of technologies for field prospecting, exploration and development, as well as of new equipment for the gas
industry. The university, inter alia, will provide training for highly qualified research staff in scientific topics as required by
Gazprom.In accordance with the document, the Company and the university will shape two programs: one focused on research
and development for the benefit of Gazprom and the other one on improving the quality of education and personnel training.Peter
the Great St. Petersburg Polytechnic University is a multifunctional state higher education institution. In 2010, it was granted the
status of a national research university. It includes 11 basic institutes, units of further education, the New Production Technologies
NTI Competence Center, and a complex of research units.SPbPU is one of the core universities of Gazprom. The university has
the specialized department of Gazprom Transgaz Saint Petersburg, which prepares specialists majoring in Power Engineering,
and the Gazpromneft-Polytech Research and Education Center, on the basis of which a joint master's program, Mathematical
Modeling of Oil and Gas Production, is being implemented.
For more details, please click the link below:
https://www.gazprom.com/press/news/2019/october/article488980/
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Gazprom (Russia) and Thales Alenia Space intent on joining efforts in
spacecraft production
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44
Director General of Gazprom Space Systems, and President and CEO of Thales Alenia Space, signed at the 9th St. Petersburg
International Gas Forum an Agreement of Intent to jointly launch the Russian-based production of competitive spacecraft based
on cutting-edge European technologies.The parties agreed to draft the principles and basic terms for Thales Alenia Space to take
part in Gazprom's project on setting up a civil spacecraft assembly facility in the Moscow Region. Thales Alenia Space will act
as a technology partner in the project. The document was signed in the follow-up to the Memorandum of Understanding inked by
the companies in January 2019.The spacecraft assembly project of Gazprom will make it possible to produce high-end
world-class spacecraft primarily designed to increase the capacity of the Yamal orbital satellite constellation and the SMOTR
remote sensing satellites owned by the Company. These space systems provide for technological communication and monitoring
of the Gazprom Group's production facilities. The in-house assembly facility is expected to reduce costs and shorten the terms of
spacecraft production for Gazprom's needs. The facility will also fabricate machinery for other Russian customers and perform
assembly, integration and testing of space equipment and its components. Thales Alenia Space, a joint venture of Thales (67 per
cent) and Leonardo (33 per cent), is the European leader in satellite systems and a major manufacturer of orbital infrastructure,
providing advanced solutions in space communications, remote Earth sensing, navigation, and science.
For more details, please click the link below:
https://www.gazprom.com/press/news/2019/october/article488903/
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IndianOil (India) and HDFC Bank launch co-branded fuel credit card for
non-metro cities and towns
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45
IndianOil and HDFC Bank Ltd. launched a co-branded fuel credit card for users from non-metro cities and towns. The IndianOil
HDFC Bank Credit Card offers customers the highest rewards and benefits on fuel consumption. The card will be available on
both RuPay and Visa platforms.Customers earn reward points known as 'fuel points' at over 27,000 IndianOil outlets. They will
also earn fuel points on all other spends such as groceries, bill payments, utilities, and other shopping. These points can be
redeemed for up to 50 litres of fuel annually. To apply for the card, customers can visit www.hdfcbank.com or walk into the
nearest bank branch.Simultaneously, the card was also launched across 135 IndianOil outlets in Bhopal, Lucknow, Indore,
Ranchi, Kochi, Vishakapatnam, Guwahati, Nagpur, Shillong, Varanasi, and Panjim, among others.With a 33,000-plus
work-force, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, lndianOil has in the past six
decades provided energy access to millions of people across the length and breadth of the country through its ever-expanding
network of customer touch-points, currently numbering over 50,000. With a turnover of Rs. 6, 05,924 crores and a net profit of
Rs. 16,894 crores for the fiscal 2018-19, IndianOil is one the largest and most trusted corporates in the country, touching the lives
of over a billion Indians.
For more details, please click the link below:
https://www.iocl.com/aboutus/NewsDetail.aspx?NewsID=54525&tID=8
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NOVATEK (Russia), Mitsui O.S.K. Lines and JBIC Signed Cooperation
Agreement
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46
PAO NOVATEK, Mitsui O.S.K. Lines, Ltd. (MOL) and Japan Bank for International Cooperation (JBIC) signed a
Cooperation Agreement confirming the parties’ intentions to implement projects for the construction of a marine LNG
transshipment complexes in the territory of Kamchatka and Murmansk region (hereinafter – “Projects”), including
possible acquisition of participation interest in Projects and potential financing of Projects.PAO NOVATEK is the largest
independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the
Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing
of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific
Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for
approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK
is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in
Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.
For more details, please click the link below:
http://www.novatek.ru/en/press/releases/index.php?id_4=3447&from_4=1
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NOVATEK (Russia) and HMS Group Sign Memorandum on Localizing
Fabrication of LNG Equipment
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47
PAO NOVATEKand HMS Group signed a Memorandum on Strategic Partnership and Localizing the Fabrication of Critical
Equipment for LNG Production. The Memorandum notes the results already achieved on developing medium-tonnage
compressor equipment. According to the Memorandum, the Parties intend to pursue long-term cooperation to localize the
fabrication of compressors, pumps, and other equipment for NOVATEK’s LNG projects.PAO NOVATEK is the largest
independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal
LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural
gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets
Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s
natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company
established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange
(MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.
For more details, please click the link below:
http://www.novatek.ru/en/press/releases/index.php?id_4=3460&from_4=1
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OMV (Austria), Snam and TAG sign MoU for sustainable LNG mobility
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48
OMV, Snam and TAG have signed a Memorandum of Understanding (MoU) for the collaboration in the field of sustainable LNG (LNG
= Liquefied Natural Gas) mobility.The MoU lays out the intention to jointly explore potential opportunities in the field of sustainable
LNG mobility in Austria such as the construction of a small-scale LNG liquefaction plant, the framework for a later LNG supply
agreement, and the development of a LNG market.OMV produces and markets oil and gas, innovative energy and high-end petrochemical
solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of more than 20,000 employees in 2018, OMV
Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria as
part of the Central and Eastern Europe core region as well as a balanced international portfolio, with Russia, North Sea, Middle East and
Africa as well as Asia-Pacific as further core regions. 2018 daily production stood at approximately 427,000 boe/d. In Downstream, OMV
operates three refineries with a total annual processing capacity of 17.8 mn tons and more than 2,000 filling stations in ten countries.
OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in
Austria. In 2018, gas sales volumes amounted to around 114 TWh. Sustainability is an integral part of the corporate strategy. OMV is set
to invest EUR 500 mn in innovative energy solutions by 2025.
For more details, please click the link below:
https://www.omv.com/en/news/190923-omv-snam-and-tag-sign-mou-for-sustainable-lng-mobility
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OMV (Austria) and AustroCelHallein sign bioethanol supply agreement
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49
OMV, the international, integrated oil and gas company headquartered in Vienna, and AustroCelHallein GmbH have recently
signed a multi-year agreement to supply advanced bioethanol. The agreement relates to fuel components derived exclusively
from cellulose. Their sustainable base leads them to be classified as “advanced biofuels” and in future they will be added to OMV
gasoline to fulfil legal additive requirements. The product will play a part in reducing the carbon intensity of the OMV product
portfolio and thereby help it to meet its OMV 2025 Sustainability Goals. AustroCelHallein is committed to the cascading use of
resources: High-purity cellulose is produced from spruce, which comes from the sawmill industry as scrap; this cellulose is
predominantly processed in Asia to make fibers for textile applications. The spruce used in Hallein only contains 40% cellulose
and that’s why the incidental material must be optimally exploited to generate the greatest value added and guarantee maximum
resource efficiency. When the wood is boiled, so-called brown liquor is produced. In the past this was vaporized and then burnt
off. But this brown liquor contains valuable wood sugars that can be fermented via the addition of yeast, after which they can be
distilled into bioethanol.
For more details, please click the link below:
https://www.omv.com/en/news/191003-omv-and-austrocel-hallein-sign-bioethanol-supply-agreement
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Tatneft (Russia) Signed an Agreement of Intent by the Russian Rocket
and Space Corporation
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50
Tatneft, in the framework of the International Forum Russian Energy Week, signed an Agreement of Intent with the United
Rocket and Space Corporation (ORKK JSC).Within the framework of the signed document, the parties plan to develop
cooperation in the use of the competencies of the aerospace industry enterprises for the development and production of
high-tech equipment used in the oil and gas industry.The agreement is aimed at cooperation in the field of priority areas
for the development of the oil and gas industry, the implementation of a diversification program for production, the
introduction of domestic high-tech developments in oil production processes within the framework of the domestic import
substitution program, etc.Russian Energy Week is the largest industry event in the field of energy in Russia. The forum
takes place at the Manege Central Exhibition Center with the participation of about 9 thousand guests from 60 countries -
heads of energy departments of various countries, leaders of major international energy companies, leading world experts,
heads of constituent entities of the Russian Federation and media representatives.
For more details, please click the link below:
http://www.tatneft.ru/press-tsentr/press-relizi/more/6641/?lang=ru
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TechnipFMC (UK) and DNV GL sign a partnership to set the benchmark
for trust in oil and gas industry’s digital twins
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51
TechnipFMC and DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology
for qualifying the integrity of digital twin technology. The methodology aims to bring a level playing field to the
sector’s varying technical definitions of, and expectations towards digital twins. It will set a benchmark for oil and
gas operators, supply chain partners and regulators to establish trust in digital twin-generated data for performance
and safety decision-making in projects and operations. Digital twins, a digital representation of a physical asset and
its behavior, have the potential to rapidly emerge as the foundation for asset design and operation across the oil and
gas value chain. Oil and gas companies are increasingly using the technology to bring asset information from
multiple sources together in a single and secure place and connecting 3D models with real time field data during
operation phase. Through Digital Twins, Operators will also be able to get more insights and simulate the behavior
of the asset depending on operational conditions to facilitate the decision-making.
For more details, please click the link below:
https://www.technipfmc.com/en/media/news/2019/09/technipfmc-and-dnv-gl-sign-a-partnership-to-set-the-digital-twins-benchmark
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Oxiteno (Brazil) and Air Liquide enable CO2 reuse plant
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52
In 2020, a new carbon dioxide liquefaction plant will start operating at the Capuava Petrochemical Complex in São Paulo
(SP). The partnership between Oxiteno and Air Liquide will harness the CO2 generated by industrial processes, purify,
reuse and help mitigate environmental impacts, such as the direct emission of greenhouse gases from Oxiteno's unit. This
will reduce emissions by 30% and boost the circular economy in the reuse of CO2 from the burning of organic material.
This reduction contributes to some environmental goals set by Oxiteno; To act with the goals of sustainable development
(SDGs) established by the United Nations, such as those of sustainable consumption and production, and to promote
actions to combat global climate change. Oxiteno, a Ultrapar company, is a leader in the production of innovative and
sustainable surfactants and specialty chemicals for the Agrochemical, Personal Care, Home and Institutional Cleaning, Oil
and Gas, and Paint and Coatings markets, and is present in nine countries across the world. Americas, Europe and Asia.
Air Liquide is the leading global provider of gases, technologies and services to industry and healthcare.
For more details, please click the link below:
http://www.ultra.com.br/show.aspx?idMateria=JP5oY0xELXu+pyWoY9wYXA==&IdCanal=lFCr3MZb2aK2gOi/HXr/qA==
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Schlumberger (USA) and TIBCO Collaborate to Provide Advanced Analytics
in the DELFI Environment
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53
Schlumberger announced the integration of industry-leading TIBCO Spotfire® and TIBCO® Data Virtualization
technologies into the DELFI* cognitive E&P environment. The collaboration will augment Schlumberger domain science
applications with new analytics capabilities, significantly expanding DELFI environment user access to intuitive data
virtualization tools and analytical workflows. Schlumberger and TIBCO will leverage both organizations’ ongoing
investments in digital innovation by working together on the joint development of descriptive and advanced analytics to
deliver powerful new insights into an ever-expanding volume of E&P data.The TIBCO technologies will form part of the
DELFI environment, which includes the Schlumberger E&P application portfolio of market-leading petrotechnical
platforms and cloud-native solutions including the DrillPlan* coherent well construction planning solution, FDPlan* agile
field development planning solution and ProdOps* tuned production operations solution. Integrating leading analytics
capabilities into the DELFI environment is an important step that will help improve decision making and foster greater
innovation in E&P.
For more details, please click the link below:
https://www.slb.com/newsroom/press-release/2019/pr-2019-0926-slb-tibco-delfi
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Rockwell Automation and Schlumberger (USA) Announce Closing of Sensia
Joint Venture
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54
Rockwell Automationand Schlumberger announced the closing of their previously-announced joint venture, Sensia,
the oil and gas industry’s first digitally enabled, integrated automation solutions provider. The joint venture
leverages Schlumberger’s deep oil and gas domain knowledge and Rockwell Automation’s rich automation and
information expertise to address this fast-growing market.Headquartered in Houston, Texas, Sensia is projected to
generate initial annual revenue of $400 million and employ approximately 1,000 employees.Sensia will operate as
an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture.
Rockwell Automation made a $250 million cash payment to Schlumberger at closing.Rockwell Automation, Inc.
(NYSE: ROK), the world’s largest company dedicated to industrial automation and information, makes its
customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell
Automation employs approximately 23,000 people, serving customers in more than 80 countries.
For more details, please click the link below:
https://www.slb.com/newsroom/press-release/2019/pr-2019-1002-slb-sensia-closing
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Lukoil (Russia) And Kazmunaygaz Sign Agreement on Joint Studies
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55
President of PJSC LUKOIL and Chairman of the Management Board of KazMunayGaz have signed in
Almaty (Kazakhstan) an Agreement on Joint Studies. The two companies agreed on major terms of
cooperation and expressed their willingness to begin studies on mineral resources in order to evaluate the
hydrocarbon potential of certain areas in the Republic of Kazakhstan. The agreement continues the long-term
successful cooperation between the two companies. Earlier this year LUKOIL, the Ministry of Energy of the
Republic of Kazakhstan and KazMunayGaz concluded a contract for hydrocarbon exploration and production
on the Zhenis block. Baseline agreement on the I-P-2 project was also signed earlier this year. Both projects
are located in Kazakhstan Caspian shelf. In addition, LUKOIL and KazMunayGaz are strategic partners in a
number of large-scale projects: Karachaganak, Tengiz, Kumkol, Caspian Pipeline Consortium (crude oil
transportation project) among them.
For more details, please click the link below:
http://www.lukoil.com/PressCenter/Pressreleases/Pressrelease?rid=391780
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Noble Energy (USA) Amends Gas Sales Contracts WithDolphinus Holdings
Limited, Increasing Firm Sales Volumes Into Egypt
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56
Noble Energy, Inc. announced that the Company and its partners have amended their agreements for the
sale of natural gas to Dolphinus Holdings Limited from the Leviathan and Tamar fields. The amended
agreements now provide for total combined firm contract quantities of 3 trillion cubic feet (Tcf) of
natural gas, more than doubling the firm volume commitments previously agreed. In addition, each
agreement has been extended by five years to reflect 15-year terms.These contracts replace the previous
firm commitment of 1.15 Tcf from the Leviathan field and the previous interruptible quantity of 1.15 Tcf
from the Tamar field. Both contracts include take or pay commitments. During the two-year period ended
June 30, 2022, Leviathan will backstop any volume commitment that Tamar is unable to deliver under
the amended agreement.
For more details, please click the link below:
http://investors.nblenergy.com/news-releases/news-release-details/noble-energy-amends-gas-sales-contracts-dolphinus-holdings
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Miscellaneous
Updates Energy Industry
Miscellaneous Updates
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Occidental (USA) Starts Up First-of-its-kind Solar Facility Directly Powering
Oil and Gas Operations
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57
Occidental announced the start-up of the company’s first solar facility to directly power an enhanced oil recovery field operation
in the Permian Basin. The company, through its Oxy Low Carbon Ventures (OLCV) subsidiary, also announced that it has signed
a long-term power purchase agreement for 109 MW of solar energy, beginning in 2021, for use in its Permian operations.The
Goldsmith field solar facility, built by Occidental in Ector County near Odessa, Texas, expands on the company’s commitment to
economically lower its carbon footprint by using emissions-free power sources in operations. The 120-acre field is the first
large-scale solar facility of its kind to directly power oil and gas operations in Texas and features 174,000 photovoltaic panels
with a total capacity of 16 MW — enough to power the operations at the Goldsmith field. First Solar manufactured the
photovoltaic panels and is under contract with OLCV to operate the facility.OLCV also recently signed a 12-year solar power
purchase agreement with a joint venture between Macquarie’s Green Investment Group (GIG) and Core Solar LLC, whose solar
project in West Texas will be operational in 2021. GIG is a specialist in green infrastructure principal investment, project delivery
and the management of portfolio assets and related services and Core Solar is a developer of utility scale solar plants.
For more details, please click the link below:
https://www.oxy.com/News/Pages/Article.aspx?Article=6165.html
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Tatneft(Russia) Introduces Energy Efficiency and Energy Saving Policy
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58
The Tatneft Group approved and implemented a unified Policy in the field of energy efficiency and energy saving.The developed
document is aimed at achieving the strategic goals of the Company, establishes general requirements for a system for improving
energy efficiency and energy conservation, formalizes common principles and approaches in this area. The organization of work
in accordance with GOST R ISO 50001-2012 “Energy management systems. Requirements and application guidelines. ” Among
the main goals of the implemented Policy: continuous improvement of energy efficiency, rational use of energy resources;
improvement of management processes for energy efficiency and energy conservation in the implementation of all types of
production activities; cost reduction due to the introduction of advanced innovative energy-efficient technologies and rational use
of energy resources; development, implementation, maintenance and continuous improvement of the Energy Management
System that meets the requirements of GOST R ISO 50001 and ISO 50001.To achieve these goals, the Company organizes
accounting and control of consumption efficiency, energy inspection of production facilities; development of economically
feasible energy-saving energy-efficient measures and monitoring of their implementation, etc.
For more details, please click the link below:
http://www.tatneft.ru/press-tsentr/press-relizi/more/6627/?lang=ru
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Event Updates
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Upcoming Events - Energy
Energy Storage North America
ESNA is the largest and most influential grid-connected energy storage
Conference and Expo in North America. ESNA hosts 2,000 attendees
from 30 countries and over 800 organizations. Now in its 7th year,
ESNA is celebrating the role innovation plays in developing energy
storage technology, markets, and business models. Since its inception,
ESNA has accelerated the pace of innovation in the industry by
bringing together key stakeholders from across the energy storage
industry for three days of high-quality education, networking and
inspiration.
Hosted By : Utilitydrive
San Diego, USA
05-07 Nov, 2019
https://www.utilitydive.com/events/energy-storage-north-america-san-diego-ca-nov-05-2019-utility-dive/
CyberCon Power & Utilities Cybersecurity
Conference
ESNA is the largest and most influential grid-connected energy storage Conference
and Expo in North America. ESNA hosts 2,000 attendees from 30 countries and over
800 organizations. Now in its 7th year, ESNA is celebrating the role innovation plays
in developing energy storage technology, markets, and business models. Since its
inception, ESNA has accelerated the pace of innovation in the industry by bringing
together key stakeholders from across the energy storage industry for three days of
high-quality education, networking and inspiration.
Hosted By : Utilitydrive
California, USA
19-21 Nov, 2019
https://www.utilitydive.com/events/cybercon-power-utilities-cybersecurity-conferenc-anaheim-california-nov-19-2019-utility-dive/
Operational Excellence in Oil & Gas
Summit
The 10th Annual Operational Excellence in Oil and Gas Summit
is returning to Houston November 4-6, 2019 and will bring over
300 heads of Operations leaders from North America's largest oil
and gas companies to discuss how to balance competing priorities
and bridge the information silos in your business that can
significantly impede safety performance.
Hosted By : ASDEvents
Houston, USA
04-06 Nov, 2019
https://www.asdevents.com/event.asp?id=21589
European Biomass to Power Conference
This two day event will bring together key industry stakeholders to join
our forum discussions, including senior representatives from Power
Companies, Biomass Producers, Biomass Traders & Distribution
Companies, Trade Associations, Renewable Energy Consultancies,
EPC Contractors and OEMs, Regional & National Governments and
Regulatory & Research Bodies and benefit from excellent networking
opportunities.
Hosted By : ASDEvents
Helsinki, Finland
06-07 Nov, 2019
https://www.asdevents.com/event.asp?id=21553
European E-Fuels Conference
This European E-Fuels Conference will be taking place in
Munich, Germany on the 6th & 7th of November 2019. The
two day event will bring together key industry stakeholders
from the renewables, fuels, energy and oil & gas industry:
including car manufacturers, e-fuel producers, technology
providers, consultants and policy advisors.
Hosted By : ASDEvents
Munich, Germany
06-07 Nov, 2019
https://www.asdevents.com/event.asp?id=21554
Future of Biogas Europe Conference
The European biogas market is set to witness strong growth
on account of growing focus toward decarbonizing the
energy sector supported by a multitude of legislative schemes
and policies. Increased production and use of biogas to
support the circular economy and renewable energy mix will
stimulate the industry growth in the region.
Hosted By : ASDEvents
Amsterdam, Netherlands
13-14 Nov, 2019
https://www.asdevents.com/event.asp?id=21555
59
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Upcoming Events - Energy
US Fuels Markets & Refining Strategy
Conference
The two day event will give you an insight to the industry's latest
regulations impacting on refining sustainability, US production
capacities, crude oil markets, future forecasts on fuel demand, as well
as export & trading activities. In depth insights into the MARPOL
regulation & Corporate Average Fuel Economy (CAFE Standards),
followed by the possible impact of Electric Vehicles will provide a solid
background for the two days discussion on best solutions for refining
industry in US.
Hosted By : ASDEvents
Houston, USA
13-14 Nov, 2019
https://www.asdevents.com/event.asp?id=21652
Operational Excellence & Risk
Management Conference
Learn how to embed the culture, systems and
processes of the world's Highest Reliability
Organizations.
Hosted By : ASDEvents
London, UK
18-20 Nov, 2019
https://www.asdevents.com/event.asp?id=21603
Benelux Infrastructure Forum 2019
The conference has established itself as the industry-leading
event for the Benelux region and will provide an unparalleled
opportunity to learn and network amongst senior executives
in this thriving industry. The Benelux Infrastructure Forum is
the only place to meet the major players within this industry
from both the banks, constructors, institutional investors,
lawyers and the regulators.
Hosted By : ASDEvents
Amsterdam, Netherlands
20-21 Nov, 2019
https://www.asdevents.com/event.asp?id=21505
Power ON Gas 2019 Conference
The conference will set context for in depth technical presentations to
deliver real value and actual case studies. Event will give update on
global regulatory harmonisation and unique regional policy
considerations and requirements. Fortes Media Power ON Gas 2019
brings most knowledgeable experts and solution providers to talk about
commercial strategies for future of biogas and renewable energy
integration.
Hosted By : ASDEvents
Copenhagen, Denmark
20-21 Nov, 2019
https://www.asdevents.com/event.asp?id=21614
National Grid-Scale Energy Storage
Conference
Since its first implementation almost one hundred years ago, the concept of
Grid-Scale Energy Storage has provided communities with increased energy
reliability and lower energy costs. With the growing integration of and preference for
renewable energy sources, as well as the growing demand for power in general, the
need for energy storage methods to maintain consistent supply and increase efficiency
grows as well. Although there are many storage methods currently available, and still
more being developed, choosing the best method and successfully implementing a
project can be daunting without the right experience.
Hosted By : ASDEvents
Albany, NY, USA
20-21 Nov, 2019
https://www.asdevents.com/event.asp?id=21654
Asian Biomass to Power
The above pointers would be addressed at this Asian Biomass To Power which will
bring together key industry stakeholders to join our forum discussions and excellent
networking, including senior representatives from Power Companies, Biomass
Producers, Biomass Traders & Distribution Companies, Trade Associations,
Renewable Energy Consultancies, EPC Contractors and OEMs, Regional & National
Governments and Regulatory & Research Bodies. This platform will provide
essential, expert guidance by bringing the pioneers together and aiming to promote the
methodologies, exchange of ideas and the way forward to commercialization.
Hosted By : ASDEvents
Kuala Lumpur, Malaysia
27-28 Nov, 2019
https://www.asdevents.com/event.asp?id=21568
60
Event Updates
IT Shades
Engage & Enable
Feel free to contact us at marketing@itshades.com for any queries
Upcoming Events - Energy
Global Geothermal Energy Summit 2019
The two day event will provide key insights into the
opportunities, challenges, global trends and policies, through
expert led case study presentations, interactive sessions and
round table discussions giving practical examples of
planning, financing & technological strategies shaping the
future of geothermal energy production whilst networking
with industry peers from across the geothermal power value
chain.
Hosted By : ASDEvents
Florence, Italy
27-28 Nov, 2019
https://www.asdevents.com/event.asp?id=21656
Energy from Waste Conference
The conference will not solely be addressing these changes, but also
provide a specific attention to international markets, especially those
further afield and consider their challenges and solutions to EfW
projects and technology. Finally, the conference will also address the
fundamental changes to the funding associated with Energy from Waste
and how this is impacting the market to move further towards merchant
waste projects
Hosted By : ASDEvents
London, UK
03-04 Dec, 2019
https://www.asdevents.com/event.asp?id=21506
Energy Storage 2020 Conference
This 10th Energy Storage Conference will be taking place in
Berlin, Germany, on 15th-16th January 2020. The two day
event will bring together the senior representatives of the
different stakeholders involved in the energy storage sector
from utility providers, power generators, technology
developers, energy storage service providers and policy
regulators.
Hosted By : ASDEvents
Berlin, Germany
15-16 Jan, 2020
https://www.asdevents.com/event.asp?id=21706
LNG Bunkering Summit
It certainly is an exciting time for the LNG industry. With the challenge
of IMO 2020 accounted and prepared for, it is now time for the LNG
Industry to turn its attention to what future opportunities the cap
presents. The event will look at the viability of LNG as a long-term
solution, explore AMFs and examine the technology required for future
regulations.
Hosted By : ASDEvents
Amsterdam, Netherlands
28-30 Jan, 2020
https://www.asdevents.com/event.asp?id=21719
Edge Computing Technologies in Oil and Gas
Conference
This conference will bring together all three components of edge transformation like:
Information transformation Strategies to achieve competitiveness through effective
information processing Capitalizing on real-time intelligence to improve performance
efficiency Workforce transformation Training your workforce to make the jump to
new digital heights Leveraging new digital skills enterprise-wide Commercial
transformation Strategies to widely improve processing times Maximizing data
capture to yield more in-depth information across products and portfolios
Hosted By : ASDEvents
Houston, USA
29-30 Jan, 2020
https://www.asdevents.com/event.asp?id=21749
Intelligent Automation in Oil & Gas
Conference
As the new normal unfolds for the oil and gas industry, the leaders
are focused on harnessing efficiencies in their operations and
becoming more agile. Intelligent Automation is offering the
industry the opportunity to use the information they have at their
fingertips to uncover efficiencies at a rapid pace - allowing them
to better monitor their operations and improve business
performance quickly.
Hosted By : ASDEvents
Houston, USA
24-25 Feb, 2020
https://www.asdevents.com/event.asp?id=21731
61
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I-Bytes Energy Industry

  • 1. IT Shades Engage & Enable I-Bytes Energy October Edition 2019 Email us - solutions@itshades.com Website : www.itshades.com
  • 2. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries About Us Who We are Aim of this I-Byte Reasons to talk to us ITShades.com has been founded with singular aim of engaging and enabling the best and brightest of businesses, professionals and students with opportunities, learnings, best practices, collaboration and innovation from IT industry. This document brings together a set of latest data points and publicly available information relevant for Energy Industry. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely. 1. Publishing of your company’s solutions/ announcements in this document. 2. Subscribe to this and other periodic publications i.e. I-Bytes, Solution Letters from ITShades.com. 3. For placement of your company's click-able logo and advertisements. 4. Feedback for us to improve the content and format of these periodic publications.
  • 3. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Sponsoring Companies for this Edition LOGO 1 LOGO 2 LOGO 3 LOGO 4 LOGO 5
  • 4. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Table of Contents 1. Financial, M & A Updates..................................................................................................................................1 2. Solution Updates................................................................................................................................................13 3. Rewards and Recognition Updates..................................................................................................................17 4. Customer Success Updates...............................................................................................................................29 5. Partnership Ecosystem Updates......................................................................................................................34 6. Miscellaneous Updates.....................................................................................................................................57 7. Event Updates...................................................................................................................................................59
  • 5. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Financial, M & A Updates Energy Industry
  • 6. Financial, M&A Updates IT Shades Engage & Enable Occidental (USA) Provides Update on Divestiture and Deleveraging Initiatives Occidental Petroleum Corporation provided an update on its divestiture and deleveraging initiatives following the recent close of its acquisition of Anadarko Petroleum on August 8, 2019.Occidental remains on track to deliver $10 to $15 billion of planned asset sales and remains confident in its deleveraging strategy. Occidental will continue to take actions to drive value for all of the Company’s stakeholders.Occidental’s progress includes: • Sale of Anadarko’s Mozambique LNG Stake to Total: Occidental has completed the sale of Anadarko’s Mozambique LNG stake to Total S.A. (“Total”) (NYSE: TOT), for $3.9 billion. As previously announced, Occidental entered into a binding agreement to sell Anadarko’s African assets to Total for $8.8 billion. Following the completion of the Mozambique transaction, Occidental and Total continue to work towards closing the remaining Africa transactions in Algeria, Ghana and South Africa pursuant to the definitive agreement signed in August 2019. • Sale of the Plains Stake: Occidental completed the sale of its holdings in Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings, L.P. (NYSE: PAGP) (“Plains”) for $650 million. • Ecopetrol Joint Venture: In conjunction with Occidental’s second quarter 2019 earnings, Occidental announced a strategic partnership with Ecopetrol to develop Midland Basin acreage for $750 million in cash plus $750 million in carried capital. The transaction is expected to close before year end. Executive Commentary “We have made progress quickly on our post-acquisition divestiture and deleveraging goals and remain confident in our ability to realize the full value of the Anadarko acquisition for our shareholders,” stated President and Chief Executive Officer. “Upon completion of our recent initiatives, we will have reached approximately $10 billion of our targeted divestitures with more to follow.” Feel free to contact us at marketing@itshades.com for any queries Description 1For more details, please click the link below: https://www.oxy.com/News/Pages/Article.aspx?Article=6160.html
  • 7. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Cenovus (Canada) positioned for $11 billion of cumulative free funds flow through 2024 Cenovus Energy Inc. announced its updated corporate strategy and five-year business plan. Building on the company’s excellent financial performance in the first half of 2019, Cenovus’s strategy through 2024 will focus on sustainably growing shareholder returns and further reducing net debt. The five-year business plan allows for disciplined production growth at Cenovus’s best-in-class oil sands assets, subject to improved market access, and provides potential for cumulative free funds flow of approximately $11 billion at mid-cycle West Texas Intermediate (WTI) prices averaging between US$57 and US$60 per barrel (bbl). In addition, Cenovus has reduced its 2019 capital budget guidance to between $1.1 billion and $1.2 billion, a $150 million reduction from the midpoint of the company’s April 23, 2019 guidance. Executive Commentary “Our updated business plan is focused on maximizing the value of every barrel we produce,” said Cenovus President & Chief Executive Officer. “With the tremendous improvements we’ve made to our cost structure and balance sheet over the past few years, I’m confident we are in a strong position to generate significant value for shareholders through 2024 and beyond.” Feel free to contact us at marketing@itshades.com for any queries Description 2For more details, please click the link below: https://www.cenovus.com/news/news-releases/2019/10-02-2019-Cenovus-positioned-for-11-billion-of-cumulative-free-funds-flow-through-2024.html
  • 8. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable ConocoPhillips (USA) Completes $2.7 Billion Sale of United Kingdom E&P Subsidiaries ConocoPhillips completed its previously announced transaction to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries indirectly held the company’s exploration and production assets in the U.K., as well as approximately $1.8 billion in asset retirement obligations. Proceeds will be used for general corporate purposes. Executive Commentary “We are pleased that Chrysaor recognizes the value of our U.K. exploration and production assets, and will continue their development in the future,” said Chairman and chief executive officer. “Our business legacy in the U.K. reflects a 50-year history of achievement and operational excellence. Our workforce there should be proud of their accomplishments, and we look forward to maintaining our commercial trading business in London and continuing as operator of the Teesside oil terminal.” Feel free to contact us at marketing@itshades.com for any queries Description 3For more details, please click the link below: http://www.conocophillips.com/news-media/story/conocophillips-completes-2-7-billion-sale-of-united-kingdom-e-p-subsidiaries/
  • 9. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Vår Energi acquires ExxonMobil’s(USA) upstream assets in Norway Vår Energi AS, owned by Eni and HitecVision, has signed an agreement with ExxonMobil to acquire its upstream assets in Norway. The transaction includes ownership interests in more than 20 producing fields operated mostly by Equinor, including Grane, Snorre, Ormen Lange, Statfjord and Fram, with a combined production of approximately 150,000 barrels of oil equivalents per day (boepd) in 2019.The agreed terms include a cash consideration of USD 4.5 billion subject to closing adjustments. The acquisition has an effective date of 1 January 2019 and is expected to be completed in Q4 2019 subject to standard conditions precedent, including customary approvals from regulatory authorities.Vår Energi will become the second largest E&P company on the NCS after Equinor, with total reserves and resources of about 1,900 million boe. Total production is expected to be about 300,000 boepd in 2019, growing organically to more than 350,000 boepd in 2023 as the company invests about USD 7 billion in development projects such as Johan Castberg, Balder X and Grand in the 2020-23 period. Executive Commentary CEO of Eni, stated:“The transaction delivers a key strategic objective for Vår Energi. The acquired assets complement and strengthen Vår Energi in core areas well known to Management and open up new opportunities for growth. As shareholder we are pleased that the Company becomes the second largest oil and gas company and Equinor’s largest partner in Norway, and look forward to delivering on the still tremendous potential of the NCS. In one year, we have completely restructured and strengthened the Eni presence in Norway by creating a strong Norwegian partnership based on the shareholders’ alignment on strategy and objectives. Furthermore, in coherence with Eni’s strategy, the increase in OECD production will contribute to Eni’s rebalancing of geographical exposure.” Feel free to contact us at marketing@itshades.com for any queries Description 4For more details, please click the link below: https://www.eni.com/en_IT/media/2019/09/var-energi-acquires-exxonmobils-upstream-assets-in-norway
  • 10. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable EQT (USA) portfolio company Hector Rail Group to sell UK subsidiary GB Railfreight EQT Infrastructure II announced that its portfolio company Hector Rail Group has entered into a definitive agreement to sell GB Railfreight Limited to Infracapital, the unlisted infrastructure equity arm of M&GPrudential. Founded in 1999, GB Railfreight is the third largest rail freight operator in the UK and provides essential freight and non-freight haulage services to its customers. The Company’s team of 900 people operates well above 1,000 trainloads a week, moving approximately 23 percent of UK’s rail cargo. The Company has a fleet of over 180 locomotives and 1,500 wagons, transporting goods for a wide range of customers, including Network Rail, MSC, Bombardier, Drax, Tarmac and Aggregate Industries. Executive Commentary CEO and founder of GB Railfreight, comments: “Together with EQT, the Company has been able to continue on our strong growth trajectory, adding a range of new freight services across the UK rail network and supporting the growth of the UK economy by transporting goods and materials across the country. We continue to see strong demand for our services and look forward to entering the next phase of growth together with our new owners.” Feel free to contact us at marketing@itshades.com for any queries Description 5For more details, please click the link below: https://www.eqtgroup.com/news/Press-Releases/2019/eqt-portfolio-company-hector-rail-group-to-sell-uk-subsidiary-gb-railfreight/
  • 11. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable EQT (USA) portfolio company Kodiak Gas Services to acquire Pegasus Optimization Managers EQT Infrastructure portfolio company Kodiak Gas Services announced the signing of a definitive agreement to acquire Pegasus Optimization Managers from affiliates of Apollo Natural Resource Partners II, L.P., a fund managed by affiliates of Apollo Global Management, Inc. Kodiak’s acquisition of Pegasus solidifies it as an industry leader in service and quality. The combination of Kodiak and Pegasus brings together the two fastest growing contract compression businesses, with the combined youngest fleet in the industry, a focus on exceptional customer service, and technical performance leading to best-in-class mechanical availability and reliability. Kodiak, acquired by EQT Infrastructure in February 2019, is the largest privately owned and one of the largest contract compression companies in the US; providing necessary compression equipment for the extraction of oil and transportation of natural gas in the United States. As a result of the acquisition, Kodiak will have more than 2,500,000 revenue generating horsepower (“HP”) deployed across key basins. Executive Commentary President and CEO of Kodiak, said: “We are very excited about the acquisition of Pegasus. The combination of Pegasus and Kodiak furthers our strategy of creating the best performing contract compression company in the industry by employing the most talented workforce and utilizing the most sought-after equipment. The cultures, operating philosophies, customer service and employee focus of both companies are one and the same and we are confident that the combined company will continue to build on this strong foundation. We look forward to working together and continuing to provide the best service in the industry to our customers.” Feel free to contact us at marketing@itshades.com for any queries Description 6For more details, please click the link below: https://www.eqtgroup.com/news/Press-Releases/2019/eqt-portfolio-company-kodiak-gas-services-to-acquire-pegasus-optimization-managers/
  • 12. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable EQT (USA) acquires inexio, a leading provider of fiber-optic internet access in Germany The EQT Infrastructure IV fund announced that it has agreed to acquire inexioBeteiligungs GmbH & Co. KGaA from Warburg Pincus, Deutsche Beteiligungs AG, the founders and several minority investors.inexio was founded in 2007 and has since the start invested heavily in fiber infrastructure in rural and small-town communities in Germany, predominantly in the Southwestern and Southern parts. The Company provides high-speed internet access to more than 300,000 households and 6,000 businesses. inexio's unique and scalable network, consisting of more than 10,000 kilometers of fiber-optic infrastructure, provides a strong platform for continued growth. Executive Commentary Partner at EQT Partners and Investment Advisor to EQT Infrastructure, said: “We are delighted about the opportunity to invest in inexio. We are impressed by the growth the team around David Zimmer has achieved over the past ten years. The strong need for fiber-based Gigabit internet access in Germany will require substantial investments over the coming years. EQT, as one of the leading fiber investors world-wide, is fully committed to supporting inexio and its management team to embark on this exciting journey while also contributing to making Germany a more digital and connected society.” Feel free to contact us at marketing@itshades.com for any queries Description 7For more details, please click the link below: https://www.eqtgroup.com/news/Press-Releases/2019/eqt-acquires-inexio-a-leading-provider-of-fiber-optic-internet-access-in-germany/
  • 13. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable ExxonMobil(USA) to sell Norway upstream operations for $4.5 billion ExxonMobil signed an agreement with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021.The transaction includes ownership interests in more than 20 producing fields operated mostly by Equinor, including Grane, Snorre, Ormen Lange, Statfjord and Fram, with a combined production of approximately 150,000 oil-equivalent barrels per day in 2019.The transaction is expected to close in the fourth quarter of 2019, subject to standard conditions precedent, including customary approvals from regulatory authorities. The majority of the ExxonMobil employees impacted by the sale will transfer to positions at VårEnergi. Executive Commentary “Our objective is to have the strongest, most competitive Upstream portfolio in the industry,” said Senior vice president of ExxonMobil. “We’re achieving that by adding the best set of projects we’ve had in many years and divesting assets that have lower long-term strategic value. This sale is an important part of our divestment program, which is on track to meet our $15 billion target by 2021.” Feel free to contact us at marketing@itshades.com for any queries Description 8For more details, please click the link below: https://corporate.exxonmobil.com/News/Newsroom/News-releases/2019/0926_ExxonMobil-to-sell-Norway-upstream-operations-for-4_5-billion
  • 14. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Hess Corporation (USA) to Receive Cash and Equity from Sale of Hess Infrastructure Partners LP to Hess Midstream Partners LP Hess Corporation to Receive Cash and Equity from Sale of Hess Infrastructure Partners LP to Hess Midstream Partners LP Hess will receive approximately $275 million in cash and approximately 115 million newly issued units in Hess Midstream Partners LP (NYSE: HESM) as part of a proposed transaction announced by HESM. Under the terms of the proposed transaction, HESM will acquire Hess Infrastructure Partners LP (HIP), a 50/50 joint venture between Hess Corporation and Global Infrastructure Partners, including HIP’s 80% interest in HESM’s oil and gas midstream assets, HIP’s water services business and the outstanding economic general partner interest and incentive distribution rights in HESM. In addition, HESM’s organizational structure will convert from a master limited partnership (MLP) into an “Up-C” structure in which HESM’s public unitholders will receive newly issued securities in a new public entity to be named “Hess Midstream LP” (“Hess Midstream”). Upon completion of the transaction, Hess Corporation will own approximately 134 million HESM units, or 47 percent of Hess Midstream on a consolidated basis, valued at approximately $2.6 billion based on the closing price per HESM common unit on Oct. 2, 2019. Executive Commentary Hess CorporationChief Executive Officer said: “This transaction is compelling for all parties involved and was unanimously approved by each company’s board of directors. It simplifies the ownership structure of Hess Midstream, provides transparency on the value of Hess’ midstream interests, and positions Hess Midstream for sustainable growth and value creation as a large-scale, publicly traded midstream company accessible to a broad range of investors.” Feel free to contact us at marketing@itshades.com for any queries Description 9For more details, please click the link below: https://www.hess.com/newsroom/news-article/2019/10/04/hess-corporation-to-receive-cash-and-equity-from-sale-of-hess-infrastructure-partners-lp-to-hess-midstream-partners-lp
  • 15. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Husky Energy (Canada) Announces Agreement to Sell Prince George Refinery Husky Energy announced it has reached an agreement for the sale of its Prince George Refinery to Tidewater Midstream and Infrastructure for $215 million in cash plus a closing adjustment for inventory, and a contingent payment of up to $60 million over two years. Husky previously announced it was considering selling the Prince George Refinery to focus on its Integrated Corridor and Offshore businesses. The Integrated Corridor is a series of physically-linked assets that includes upstream thermal crude production, storage, committed pipeline capacity and refineries. The Integrated Corridor is designed to maximize margin capture, access to markets and optionality. The Offshore business focuses on oil and gas production off Canada’s East Coast and in the Asia Pacific region. Executive Commentary “We continue to deliver on Husky’s five-year plan outlined at our Investor Day in May, with an ongoing focus on capital discipline, consistent execution and increased margins,” said CEO. “The plan is aimed at further enhancing the resiliency of the Company.” Feel free to contact us at marketing@itshades.com for any queries Description 10For more details, please click the link below: https://huskyenergy.com/news/release.asp?release_id=1925301
  • 16. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Ørsted (Denmark) enters into an agreement to divest its Danish power distribution, residential customer and City Light businesses to SEAS-NVE Ørsted has signed an agreement to divest its Danish power distribution (Radius), residential customer and City Light businesses to SEAS-NVE for a price of DKK 21.3 billion on a cash and debt-free basis. The proceeds will be paid in cash upon closing of the transaction. The agreement has been entered into following an unsolicited, non-binding offer which Ørsted received from SEAS-NVE in second half of June 2019. The agreement follows the decision made in June 2018 by Ørsted’s Board of Directors and Executive Management that Ørsted is not the best long term-owner of these businesses. The decision led Ørsted to initiate a structured divestment process for these businesses in autumn 2018. In January 2019, this divestment process was discontinued as the political support required to continue the process was no longer there. Executive Commentary CEO and President of Ørsted, says:“With Ørsted’s global expansion in renewable energy, we’re no longer the right owner of Radius and the Danish residential customer and City Light businesses. We’re therefore happy to enter into an agreement with SEAS-NVE, which is Denmark’s second largest cooperatively-owned energy company, to buy these businesses. The agreement ensures an attractive transaction for Ørsted’s shareholders and provides a good future home for the customers and for our highly skilled employees. We’ll use the proceeds from the divestment to continue our global investments in green energy.” Feel free to contact us at marketing@itshades.com for any queries Description 11For more details, please click the link below: https://orsted.com/en/Company-Announcement-List/2019/09/1917211
  • 17. R & R Updates IT Shades Engage & Enable Apache (USA) Named E&P Company of The Year At The 2019 Texas Oil & Gas Awards Feel free to contact us at marketing@itshades.com for any queries 17 Apache was named E&P Company of the Year at the 2019 Texas Oil and Gas Awards in Houston on September 19, 2019. The award recipient is selected by a panel of judges and recognizes a company that demonstrates operational excellence and environmental stewardship, as well as a clear commitment to community engagement and the professional development of its employees. The panel of judges, comprised of industry peers, cited Apache’s robust water recycling programs, as well as internal programs aimed at assisting Apache employees during times of need.Whenever possible, Apache recycles produced water from operations. This recycling has multiple benefits, including reducing fresh water use, reducing water-hauling truck traffic and lowering costs associated with water disposal. In 2017, more than 47 percent of our total water withdrawals were recycled or reused, and more than 90 percent of the water used for drilling and completions in Alpine High was recycled or nonpotable. For more details, please click the link below: http://www.apachecorp.com/News/Articles/View_Article.aspx?Article.ItemID=4767 R&R Description
  • 18. R & R Updates IT Shades Engage & Enable Galp (Portugal) leads Dow Jones Sustainability index in Europe, sticks to Top 3 of world’s most sustainable companies Feel free to contact us at marketing@itshades.com for any queries 18 Galp is Europe’s most sustainable company in its industry, and nº3 worldwide, as measured by the Dow Jones Sustainability Indices (DJSI) 2019, achieving the best score in the eight consecutive years since joining the indices, and leading the way in the Environmental dimension. The company ranked first in the DJSI Europe amongst its Oil & Gas Upstream & Integrated peers. In the DJSI World, the company ranked third out of the 52 companies reviewed by RobecoSAM, which helps put the indices together.Galp achieved the highest score worldwide under the environmental dimension, leading the industry on Water-Related Risks and on Climate Strategy.Galp also scored high on the Economic dimension, with a leading position on Risk and Crisis Management.In the Social dimension, Galp led in Human Capital Development as well as in Corporate Citizenship and Philanthropy. For more details, please click the link below: https://www.galp.com/corp/en/media/press-releases/press-release/id/995/galp-leads-dow-jones-sustainability-index-in-europe-sticks-to-top-3-of-worlds-most-sustainable-companies R&R Description
  • 19. R & R Updates IT Shades Engage & Enable Gazprom’s (Russia) sustainability efforts receive awards from Russian Energy Ministry Feel free to contact us at marketing@itshades.com for any queries 19 Based on the results of the contest for the best socially oriented oil and gas company held by the Russian Ministry of Energy in 2019, Gazprom was declared the winner in the Best Public Non-Financial Report of an Oil and Gas Company category. The Gazprom Group’s Sustainability Report 2018 was submitted to compete in the category. In reviewing submissions, the contest committee’s assessment criteria included the following: the extent of information disclosure in the report, the use of nationally and globally recognized international standards and recommendations when compiling the report, creativity employed to present the information in the report, and availability of an independent auditor’s assessment of the report. Gazprom was also declared the winner in the Charity Activities of a Company with More Than 100,000 Employees category. In addition, the Football for Friendship international children’s social program, the Keeping the Flame of the Victory comprehensive program, and the corporate Fakel Festival received diplomas and trophies of the contest as best projects. For more details, please click the link below: https://www.gazprom.com/press/news/2019/october/article488991/ R&R Description
  • 20. R & R Updates IT Shades Engage & Enable Hess (USA) Named to Dow Jones Sustainability Index North America for Tenth Consecutive Year Feel free to contact us at marketing@itshades.com for any queries 20 Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the tenth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies in each industry are considered each year for index membership. Hess is one of four U.S. oil and gas producers in the Energy industry group listed on the North America Index.Earlier this year, Hess was also recognized on the FTSE4Good Index Series for strong environmental, social and governance practices. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to objectively measure the performance of companies that meet globally recognized corporate responsibility standards.The DJSI, introduced in 1999, is produced by Dow Jones in collaboration with RobecoSAM, a Swiss investment company founded on the belief that integrating Environmental, Social and Governance (ESG) factors into traditional financial analysis can generate long-term value. The company has compiled one of the world’s most comprehensive databases of financially material sustainability information. For more details, please click the link below: https://www.hess.com/newsroom/news-article/2019/09/17/hess-named-to-dow-jones-sustainability-index-north-america-for-tenth-consecutive-year R&R Description
  • 21. R & R Updates IT Shades Engage & Enable Lukoil (Russia) Wins an International PR Contest Under United Nations Auspices Feel free to contact us at marketing@itshades.com for any queries 21 The International Public Relations Association announced LUKOIL as the winner of the IPRA Golden World Awards for Excellence in two categories – Best Company for Community Engagement and Best Company for Promoting Tradition, Territory and Tourism – recognizing two of the company's campaigns that helped engage a local community and promote the city of Kogalym among tourists. This year, the contest, held in cooperation with the United Nations and in line with its sustainability goals, rated projects from eighty-nine countries. LUKOIL earned awards for the projects that promoted Kogalym, where the company began, as a center of tourism in the oil and gas producing region of West Siberia. In 2018 alone, around thirty-four thousand tourists visited Kogalym. Being a tourist attraction not only for its national color (the nomadic camps of Khanty - the indigenous people of the North are only 40 kilometers away from the city), but also for its unique cultural, sports and recreational facilities, among them: Galaktika cultural and sports center, housing the world's top-ten aquarium, local branch of Moscow's State Academic Maly Theatre, the church of the Holy Martyr Tatiana, where relics of Saint Tatiana, bestowed by the Roman Catholic Church in honor of the Russian Orthodox Church are attracting pilgrims from various regions of Russia in hope for healing, spiritual renovation or protection. For more details, please click the link below: http://www.lukoil.com/PressCenter/Pressreleases/Pressrelease?rid=393679 R&R Description
  • 22. R & R Updates IT Shades Engage & Enable OMV (Austria) again listed in the Dow Jones Sustainability Index Feel free to contact us at marketing@itshades.com for any queries 22 OMV has entered the Dow Jones Sustainability Index (DJSI World) for the second time and is still the sole Austrian company included. The index was launched in 1999 and serves as a benchmark for investors who integrate sustainability considerations into their portfolios. The Dow Jones Sustainability World Index comprises the top 10% of the largest 2,500 companies in the S&P Global Index in terms of sustainability leadership, based on the assessment of long-term economic, environmental and social criteria.OMV is listed on the following sustainability indices: FTSE4Good Index Series, STOXX® Global ESG Leaders, S&P Europe 350 ESG Index, MSCI ACWI ESG Leaders Index, MSCI ACWI SRI Index and ECPI Indices. The ESG performance of OMV has been awarded Prime Status following the assessment of ISS oekom, recognized as an “Industry Mover” in the RobecoSAM Yearbook, received an AAA score from MSCI, an A– (Leadership) score by CDP, has been rated as an “Outperformer” by Sustainalytics, and holds a Quality Score 1 from ISS in the ESG categories. For more details, please click the link below: https://www.omv.com/en/news/190923-omv-again-listed-in-the-dow-jones-sustainability-index R&R Description
  • 23. R & R Updates IT Shades Engage & Enable Oneok (USA) Included in Dow Jones Sustainability North America Index Feel free to contact us at marketing@itshades.com for any queries 23 ONEOK, Inc. announced its inclusion in the Dow Jones Sustainability North America Index (DJSI North America), which recognizes companies for industry-leading environmental, social and governance (ESG) performance. ONEOK is the only U.S.-based midstream energy company included in the index.Founded in 1999, the DJSI was the first global sustainability benchmark and tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria. The DJSI North America tracks the performance of the top 20% of the largest 600 companies in the S&P Global Broad Market Index in the region.ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider and owner of one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets.ONEOK is a FORTUNE 500 company and is included in the S&P 500. For more details, please click the link below: https://ir.oneok.com/news-and-events/press-releases/2019/09-23-2019-211453039 R&R Description
  • 24. R & R Updates IT Shades Engage & Enable Petrobras (Brazil) is first company to receive international supply chain excellence certification Feel free to contact us at marketing@itshades.com for any queries 24 Petrobras is the first company to achieve ASCM (Association for Supply Chain Management) certification for environmental, ethical and economic excellence in the goods and services supply chain process. Built on an APICS certification and training base for 60 years, ASCM is a global leader in supply chain transformation, innovation and leadership, with over 45,000 members in 100 countries. The announcement was made on Wednesday (September 18) at ASCM 2019 in Las Vegas, United States.ASCM's auditors reviewed more than 170 documents and evaluated Petrobras's procurement and logistics processes against international best practices, considering over 148 criteria. They also visited Petrobras' supply logistics units, where they could check, for example, automated warehouse management and control, adoption of digital solutions, and a commitment to high standards in addressing environmental issues. The certification process involved more than 50 professionals from various areas of Petrobras: Supply and Goods and Services; E&P logistics; Governance; ICT; Shared; Conformity; Internal audit; Human Resources; Safety, Environment and Health; Strategy; Risks, Social Responsibility and Cenpes. For more details, please click the link below: https://www.agenciapetrobras.com.br/Materia/ExibirMateria?p_materia=981236 R&R Description
  • 25. R & R Updates IT Shades Engage & Enable PKN ORLEN (Poland) recognized for its activities in the field of energy security and independence Feel free to contact us at marketing@itshades.com for any queries 25 PKN ORLEN consistently undertakes actions aimed at strengthening energy security, both for the company, as well as for Poland and the entire region. This important contribution, also raising the competitiveness of the Polish economy, has been recognized by the editorial board of the Nowy Przemysł Economic Magazine and the WNP.PL website.The strength and innovation of the national economy determines the position of domestic companies both in the region and in Europe. That is why PKN ORLEN is committed to ensuring the country's energy security. Hence, strengthened activities to diversify oil supplies - for the entire ORLEN Group, over 40% of supplies already come from directions other than Russian, and in 2012-2013 it was only 5%. The implemented investments are also extremely important, which are aimed at improving Poland's trade balance, especially in the area of petrochemistry, which will gain in importance. Over the past year alone, PKN ORLEN has initiated a number of projects building the Group's value in the long run, such as the Petrochemical Development Program, the construction of a fertilizer installation in ANWIL in Włocławek and a plant for the production of "green" glycol in ORLEN Południe. For more details, please click the link below: https://www.orlen.pl/PL/BiuroPrasowe/Strony/PKN-ORLEN-wyr%C3%B3%C5%BCniony-za-dzia%C5%82ania-na-rzecz-bezpiecze%C5%84stwa-i-niezale%C5%BCno%C5%9Bci-energetycznej.aspx R&R Description
  • 26. R & R Updates IT Shades Engage & Enable Saipem (Italy) confirmed as sector leader in the Dow Jones sustainability index Feel free to contact us at marketing@itshades.com for any queries 26 Saipem has been included, for the third consecutive year, in the World and Europe equity indices of the Dow Jones Sustainability Index, as a leader in the Energy Equipment Services industrial sector. For over twenty years, the Dow Jones Sustainability Index, based on a selection carried out by the rating agency RobecoSAM, has classified the companies that stand out in each sector through a complex assessment process that involves analysis of the suitability of the business system and of compliance with stringent economic, ethical, social, environmental and governance criteria.In addition to highlighting the best practices implemented by Saipem, this year's evaluation recorded a further and significant improvement in the company’s performance compared to previous years.Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSIGHT, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying its customers’ requirements. Listed on the Milan Stock Exchange, it is present in over 70 countries worldwide and has 32,000 employees of 120 different nationalities. For more details, please click the link below: https://www.saipem.com/en/media/press-releases/2019-09-16/saipem-confirmed-sector-leader-dow-jones-sustainability-index?referral=%2Fen%2Fmedia R&R Description
  • 27. R & R Updates IT Shades Engage & Enable Ipiranga(Brazil) reinforces its position as one of the “Most Valuable Brands in Brazil” Feel free to contact us at marketing@itshades.com for any queries 27 Ipiranga continues to be one of the most valuable brands in the country, according to the 2019 Most Valuable Brazilian Brands study, published by Interbrand, a global consultancy that develops and manages brand value. In the ranking of 25 brands indicated by the survey, Ipiranga occupies the 13th position and receives the award for the seventh consecutive year . The study evaluated 117 brands in 16 different categories. The research explored levels of knowledge, consideration, preference, use, recommendation and rejection, as well as the attributes that permeate the image of consumers in relation to brands. Interbrand's brand appraisal methodology, certified to ISO 10668 for monetary requirements in brand appraisals, analyzes the influence of the brand on the organization's performance according to its impact on consumers, employees, suppliers and investors. For more details, please click the link below: http://www.ultra.com.br/show.aspx?idMateria=CZD0BMHA/jv7BkfHxReFpw==&IdCanal=lFCr3MZb2aK2gOi/HXr/qA== R&R Description
  • 28. R & R Updates IT Shades Engage & Enable Halliburton (USA) Awarded License for Gravel Pack Completions Feel free to contact us at marketing@itshades.com for any queries 28 Halliburton announced that it was awarded an international license for ExxonMobil’s patented Non-Aqueous Fluid Gravel Packing (NAFPac™) technique for gravel pack completions. Hole stability and shale inhibition are keys to successful installation of openhole completions. Non-aqueous fluid (NAF) is often selected to optimize the drilling process, but hole stability issues can occur when displacement to brine is done prior to screen running operations. The NAFPac process is a gravel packing technique that enables an operator to run the gravel-pack screens in NAF, gravel pack the well, and then subsequently displace the casing to completion brine, all in a single trip. Running the screens in NAF significantly increases the probability of successful screen installation and a complete gravel pack.Founded in 1919, Halliburton celebrates its 100 years of service as one of the world's largest providers of products and services to the energy industry. With 60,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir — from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. For more details, please click the link below: https://www.halliburton.com/en-US/news/press-releases/2019/halliburton-awarded-license-for-gravel-pack-completions.html?node-id=hgeyxtfr R&R Description
  • 29. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Customer Success Updates Energy Industry
  • 30. Customer Success Updates IT Shades Engage & Enable Equinor (Norway) wins opportunity to develop the world’s largest offshore wind farm Feel free to contact us at marketing@itshades.com for any queries 29 UK authorities announced, 20 September, that Equinor and its partner SSE were awarded contracts to develop three large scale offshore wind projects in the Dogger Bank region of the North Sea. This will be the world’s biggest offshore wind farm development with a total installed capacity of 3.6 GW. The projects are expected to produce enough energy to power the equivalent of 4.5 million UK homes. The Dogger Bank wind farm will consist of three projects, Creyke Beck A, Creyke Beck B and Teesside A. The clearing prices for the projects are GBP 39.650 per MWh for Creyke Beck A and GBP 41.611 per MWh for the Creyke Beck B and the Teesside A projects (all in 2012 real prices). The auction results reflect the continued cost reductions and technological developments and the increasing competitiveness of bottom-fixed offshore wind. The contracts offer a fixed price for the first 15 years of operation, providing the projects with a long-term predictable revenue stream. For more details, please click the link below: https://www.equinor.com/en/news/2019-09-19-doggerbank.html Description
  • 31. Customer Success Updates IT Shades Engage & Enable Equinor (Norway) awarding pioneering wireless subsea drone contract Feel free to contact us at marketing@itshades.com for any queries 30 Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV. This contract will make Equinor the first user of technology expected to be completed in 2020. The services from Saipem Limited Norway Branch will be employed when the Njord field resumes production in 2020. Lasting for ten years, the contract has five 2-year options for additional extension. The value of the fixed part of the contract is estimated at about EUR 40 million. The contract lays down requirements for permanent presence in Norway and Norwegian-speaking personnel.The new technology employs an underwater intervention drone (Hydrone-R) and an all-electric work class ROV (Hydrone-W). The drone may be autonomous below Njord for months between scheduled maintenance, whereas Hydrone-W will be connected to the platform like a traditional ROV. Both are electric and can be operated without a surface vessel. The use of this technology will therefore contribute to significant carbon reduction. In addition, the response time will be reduced. Furthermore, the operations will not be dependent on weather conditions. For more details, please click the link below: https://www.equinor.com/en/news/2019-10-wireless-subsea-drone.html Description
  • 32. Customer Success Updates IT Shades Engage & Enable Galp(Portugal) to provide solar energy to customers through power purchase agreements with X-Elio Feel free to contact us at marketing@itshades.com for any queries 31 Galp strengthened its commercial portfolio to provide renewable power to its clients by means of a framework agreement set with X-Elio to enter into several synthetic Power Purchase Agreements. These agreements are based on 200 MW solar power generation projects in Spain, which are currently under development, covering a total notional amount of 358 GWh per year during a period of 12 years, which shall be progressively allocated to Galp’s commercial activities from June 2020 onwards.This energy is enough to power 140,000 homes with annual CO2e savings of about 19 ktons.This framework agreement fits Galp’s strategy, as a leading Iberian integrated energy company, to secure a balanced and competitive long-term sourcing for its power activities, while offering its customers access to efficient and environmentally sustainable energy solutions. For more details, please click the link below: https://www.galp.com/corp/en/media/press-releases/press-release/id/1005/galp-to-provide-solar-energy-to-customers-through-power-purchase-agreements-with-x-elio Description
  • 33. Customer Success Updates IT Shades Engage & Enable PTTEP Selects Halliburton (USA) for Well Design Digital Transformation Contract Feel free to contact us at marketing@itshades.com for any queries 32 Halliburton Company announced PTTEP, a national petroleum exploration and production company in Thailand, selected Halliburton Landmark for joint development of new well design workflow to automate drilling and completion engineering processes across the well lifecycle. The new workflow is based on PTTEP well design initiative which will be developed using Landmark Digital Well Program™, an application within DecisionSpace® 365, which transforms how wells are constructed and delivered by combining a digitalized planning and design process with engineering models on a single and open platform. The product will support all new wells drilled and leverage data from over 1,500 existing wells to reduce planning cycle times, enable automation, advanced analytics and optimize well design.Founded in 1919, Halliburton celebrates its 100 years of service as one of the world's largest providers of products and services to the energy industry. With 60,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir — from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. For more details, please click the link below: https://www.halliburton.com/en-US/news/press-releases/2019/pttep-selects-halliburton-for-digital-transformation-contract.html?node-id=hgeyxtfr Description
  • 34. Customer Success Updates IT Shades Engage & Enable TechnipFMC (UK), JGC and Fluor Consortium Awarded a Contract for the Rovuma LNG Project in Mozambique Feel free to contact us at marketing@itshades.com for any queries 33 TechnipFMC announces that JFT – a consortium between JGC Corporation (JGC), Fluor Corporation (Fluor) and TechnipFMC has been awarded an Engineering, Procurement and Construction (EPC) contract by Mozambique Rovuma Venture S.p.A. (MRV) for the Rovuma LNG onshore liquefied natural gas (LNG) production complex project located in Cabo Delgado, Mozambique. MRV, a joint-venture composed of Eni, ExxonMobil and CNPC, holds a 70% interest in the exploration and production concession of Area 4, with Galp, Kogas and Empresa Nacional de Hidrocarbonetos (ENH) each holding a 10% interest. The Rovuma LNG Project will produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block in the Offshore Rovuma Basin. It includes the construction of two natural gas liquefaction trains, with a total LNG nameplate capacity of 15.2 Mtpa(1), as well as associated onshore facilities. For more details, please click the link below: https://www.technipfmc.com/en/media/press-releases/2019/10/technipfmc-jgc-and-fluor-consortium-awarded-a-contract-for-the-rovuma-lng-project-in-mozambique Description
  • 35. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Partner Ecosystem Updates Energy Industry
  • 36. Partner Ecosystem Updates IT Shades Engage & Enable Cheniere (USA) and EOG Resources Announce Long-Term Gas Supply Agreements Feel free to contact us at marketing@itshades.com for any queries 34 Cheniere Energy, Inc. announced that its subsidiaries, Corpus Christi Liquefaction, LLC and Cheniere Corpus Christi Liquefaction Stage III, LLC, have entered into long-term gas supply agreements (“GSA”) with EOG Resources, Inc. (“EOG”) (NYSE: EOG). Under the GSAs, EOG has agreed to sell natural gas to Cheniere over a period of approximately 15 years beginning in early 2020, with the quantity starting at 140,000 MMBtu per day and increasing to 440,000 MMBtu per day. The LNG associated with 140,000 MMBtu per day of this gas supply, or approximately 0.85 million tonnes per annum (“mtpa”), will be owned and marketed by Cheniere and EOG will receive a price based on the Platts Japan Korea Marker (JKM) for this gas. The remaining 300,000 MMBtu per day will be sold by EOG to Cheniere at a price indexed to Henry Hub.A portion of the transaction is subject to certain conditions precedent, including a positive final investment decision on Cheniere’s Corpus Christi Stage III project. The Corpus Christi Stage III project is being developed to include up to seven midscale liquefaction trains with a total expected aggregate nominal production capacity of approximately 9.5 mtpa. The Corpus Christi Stage III project received a positive Environmental Assessment from the Federal Energy Regulatory Commission in March 2019 and is anticipated to receive all remaining regulatory approvals by the end of 2019. For more details, please click the link below: https://lngir.cheniere.com/news-events/press-releases/detail/188/cheniere-and-eog-resources-announce-long-term-gas-supply Description
  • 37. Partner Ecosystem Updates IT Shades Engage & Enable Chevron (USA), Schlumberger and Microsoft Announce Collaboration to Accelerate Digital Transformation Feel free to contact us at marketing@itshades.com for any queries 35 Schlumberger, Chevron and Microsoft announced the industry’s first three-party collaboration to accelerate creation of innovative petrotechnical and digital technologies. Data is quickly emerging as one of the most valuable assets to any company, yet extracting insights from it is often difficult as information gets trapped in internal silos. As part of the collaboration, the three companies will work together to build Azure-native applications in the DELFI* cognitive E&P environment initially for Chevron, which will enable companies to process, visualize, interpret and ultimately obtain meaningful insights from multiple data sources. DELFI is a secure, scalable and open cloud-based environment providing seamless E&P software technology across exploration, development, production and midstream. Chevron and Schlumberger will combine their expertise and resources to accelerate the deployment of DELFI solutions in Azure, with support and guidance from Microsoft. The parties will ensure the software developments meet the latest standards in terms of security, performance, release management, and are compatible with the Open Subsurface Data Universe (OSDU) Data Platform. Building on this open foundation will amplify the capabilities of Chevron’s petrotechnical experts. For more details, please click the link below: https://www.chevron.com/stories/chevron-schlumberger-microsoft-announce-collaboration Description
  • 38. Partner Ecosystem Updates IT Shades Engage & Enable NextDecade and Enbridge (Canada) Announce Strategic MOU for the Development of Rio Bravo Pipeline for the Rio Grande LNG Project Feel free to contact us at marketing@itshades.com for any queries 36 NextDecade Corporation and Enbridge Inc. announced a Memorandum of Understanding (MOU) to jointly pursue the development of the Rio Bravo Pipeline (Rio Bravo) and other natural gas pipelines in South Texas to transport natural gas to NextDecade's Rio Grande LNG project located in Brownsville, Texas. Rio Bravo is designed to transport 4.5 billion cubic feet per day of natural gas from the Agua Dulce area to Rio Grande LNG.The companies anticipate finalizing definitive documentation reflecting the terms of the MOU in the fourth quarter of 2019.NextDecade is a liquefied natural gas (LNG) development company focused on LNG export projects and associated pipelines in Texas. NextDecade intends to develop the largest LNG export solution linking Permian Basin associated gas to the global LNG market, creating value for producers, customers, and stockholders. Its portfolio of LNG projects includes the 27 mtpa Rio Grande LNG export facility in Brownsville, Texas and the 4.5 Bcf/d Rio Bravo Pipeline that would transport natural gas from the Agua Dulce area to Rio Grande LNG. NextDecade's common stock is listed on the Nasdaq Stock Market under the symbol "NEXT." NextDecade is headquartered in Houston, Texas. For more details, please click the link below: https://www.enbridge.com/media-center/news/details?id=123590&lang=en Description
  • 39. Partner Ecosystem Updates IT Shades Engage & Enable Eni (Italy) and Mainstream Renewable Power Sign Renewable Energy Collabora- tion Agreement Feel free to contact us at marketing@itshades.com for any queries 37 Eni, the global energy company, and Mainstream Renewable Power (“Mainstream”), the global wind and solar development company, have signed a co-operation agreement to develop large-scale renewable assets, targeting strategically important and high-growth markets for both companies.By signing this agreement, Eni and Mainstream will collaborate on potential developments of power generation from renewable sources across Africa and Southeast Asia, with an initial focus on the UK.Eni is developing renewable energies projects on a worldwide basis, both brownfield and greenfield, with the objective to install 1,6 GW of new solar, wind and storage capacity by 2022 and 5 GW by 2025. Eni’s engagement in renewable energy complements the traditional business as the company aims to extend the value chain and capitalise upon the synergies that exist among the various lines of business. This strategy allows Eni to pursue the strategic priority of decarbonisation while creating at the same time long-term value for all its stakeholders.In Africa, Mainstream has delivered 600 MW of wind and solar assets into commercial operation in South Africa and currently has 250 MW of wind assets in construction there. Through its Lekela Power joint venture in Africa it has 410 MW of wind assets in construction in Senegal and Egypt. For more details, please click the link below: https://www.eni.com/en_IT/media/2019/09/eni-and-mainstream-renewable-power-sign-renewable-energy-collaboration-agreement Description
  • 40. Partner Ecosystem Updates IT Shades Engage & Enable Eni (Italy) and the Government of Mozambique strengthen cooperation for sustainable development and decarbonisation Feel free to contact us at marketing@itshades.com for any queries 38 The Minister of Mineral Resources and Energy of Mozambique and Eni Chief Executive Officer signed a Memorandum of Understanding for the definition of sustainable development and decarbonisation projects. The signing took place in Maputo in the presence of the President of the Republic of Mozambique. The Memorandum provides for the cooperation between Eni and the Government of Mozambique in the definition of joint initiatives to support the country’s National and Local Economic and Social Development Agenda. These initiatives will be defined within the framework of the United Nations Sustainable Development Goals (SDGs), and the Nationally Determined Contributions (NDC) undertaken by each country to reduce national emissions and adapt to the impacts of climate change as part of The Paris Agreement. Areas of cooperation include emissions reduction, fostering conservation and sustainable management of forests, and enhancement of forest carbon stocks, in the framework of REDD+ initiatives. The initial objective is the protection of 1 million hectares of forests, which will allow to offset the future CO2 production from Eni’s projects in the country. Other initiatives will refer to access to energy (SDG 7), industry, innovation and infrastructure development (SDG 9), sustainably managed forests (SDG 15), action on climate change and environmental impacts (SDG 13), access to education and training (SDG 4, 8), economic diversification (SDG 8), access to water (SDG 6) and access to health (SDG 3). For more details, please click the link below: https://www.eni.com/en_IT/media/2019/10/eni-and-the-government-of-mozambique-strengthen-cooperation-for-sustainable-development-and-decarbonisation Description
  • 41. Partner Ecosystem Updates IT Shades Engage & Enable CPIH and Equinor (Norway) sign cooperation agreement on offshore wind Feel free to contact us at marketing@itshades.com for any queries 39 CPIH and Equinor have signed a Memorandum of Understanding (MoU) to cooperate on offshore wind in China and Europe. The MoU also opens for potentially expanding the collaboration between the two companies.The signing of the MoU took place in Beijing on 25 September with the president of CPIH, Jun Tian and executive vice president from Equinor, PålEitrheim. Minister counsellor & deputy head of mission from the Norwegian embassy, Mattis Raustøl also attended the ceremony. Equinor has been in China since 1982. The Lufeng oil field, a partnership with China National Offshore Oil Corporation (CNOOC) in the South China Sea, was the company’s first international operatorship in 1997, and was in production until 2009.Equinor has an established crude trading business in China and are engaged in international upstream partnerships with a number of Chinese companies. These include CNOOC, China National Petroleum Corporation (CNPC), Sinochem and Sinopec. For more details, please click the link below: https://www.equinor.com/en/news/2019-09-25-cpih-cooperation-agreement-wind.html Description
  • 42. Partner Ecosystem Updates IT Shades Engage & Enable Gazprom (Russia) and Linde to establish joint engineering venture Feel free to contact us at marketing@itshades.com for any queries 40 Deputy Chairman of the Gazprom Management Committee, Executive Vice President and CEO of Linde Engineering, Managing Director of Linde Engineering, signed at the 9th St. Petersburg International Gas Forum the Joint Venture Contract and Joint Venture Participants Agreement between Gazprom 335 and Linde AG.In accordance with the document, the parties will create a joint engineering venture to develop process, design and engineering documentation for natural gas processing and liquefaction facilities in Russia. In addition, the companies plan to provide services for the commissioning and operation of LNG plants.Linde AG (part of Linde Plc) is one of the world's largest companies focused on industrial technologies for natural gas treatment and separation with the recovery of ethane, propane and heavier hydrocarbon fractions. The company, inter alia, supplies the Amur Gas Processing Plant with the core process equipment for cryogenic recovery of helium and valuable petrochemical substances from gas. For more details, please click the link below: https://www.gazprom.com/press/news/2019/october/article488894/ Description
  • 43. Partner Ecosystem Updates IT Shades Engage & Enable Gazprom (Russia) and Irkutsk Oil Company contemplating joint development project in Krasnoyarsk Territory Feel free to contact us at marketing@itshades.com for any queries 41 Deputy Chairman of the Gazprom Management Committee, Head of Department, and Chairman of the Board of Directors of Irkutsk Oil Company signed at the 9th St. Petersburg International Gas Forum a Memorandum of Intent.Pursuant to the document, the companies intend to jointly set up the Project for exploration, production, transportation, processing and sale of hydrocarbons from the Sobinskoye and Paiginskoye fields, as well as the Paiginsky block, in the Krasnoyarsk Territory.The parties drew up a list of measures to implement the Memorandum. In particular, they plan to prepare a feasibility study on the joint development of the aforementioned fields.Gazprom Dobycha Krasnodar (a wholly-owned subsidiary of Gazprom) is the license holder for the Sobinskoye oil, gas and condensate field.The license for the Paiginsky block belongs to Paiga, an affiliate of Irkutsk Oil Company.Irkutsk Oil Company is one of the largest independent hydrocarbon producers in Russia. The company and its affiliates are engaged in geological surveys, exploration and production of hydrocarbons within the fields and licensed areas of Eastern Siberia, namely in the Irkutsk Region, the Krasnoyarsk Territory, and the Republic of Sakha (Yakutia). For more details, please click the link below: https://www.gazprom.com/press/news/2019/october/article488906/ Description
  • 44. Partner Ecosystem Updates IT Shades Engage & Enable Gazprom (Russia) and Almaz-Antey Corporation update roadmap for cooperation Feel free to contact us at marketing@itshades.com for any queries 42 Gazprom and the Almaz-Antey Corporation signed at the 9th St. Petersburg International Gas Forum an updated roadmap for cooperation. The parties broadened the scope of their partnership. In addition to developing equipment for subsea hydrocarbon production, gas processing and liquefied natural gas production, Almaz-Antey will now proceed with creating compressor equipment to expand NGV infrastructure, as well as satellite transmission facilities.In May 2018, Gazprom and Almaz-Antey signed a roadmap for the period until 2023 to develop and produce hi-tech import-substituting equipment and materials for the benefit of Gazprom.Some prototypes of the equipment produced under the roadmap were on display at the St. Petersburg International Gas Forum.The Almaz-Antey Corporation is one of the largest integrated associations in the Russian military-industrial complex. The Corporation ships to more than 50 countries. For more details, please click the link below: https://www.gazprom.com/press/news/2019/october/article488971/ Description
  • 45. Partner Ecosystem Updates IT Shades Engage & Enable Gazprom (Russia) and SPbPU to expand cooperation in personnel training and sci-tech Feel free to contact us at marketing@itshades.com for any queries 43 Deputy Chairman of the Gazprom Management Committee, and Rector of Peter the Great St. Petersburg Polytechnic University (SPbPU), signed a Cooperation Agreement at the 9th St. Petersburg International Gas Forum.The parties intend to expand their cooperation in science and technology, as well as in the field of personnel training, reeducation and development. Focus areas include the creation of technologies for field prospecting, exploration and development, as well as of new equipment for the gas industry. The university, inter alia, will provide training for highly qualified research staff in scientific topics as required by Gazprom.In accordance with the document, the Company and the university will shape two programs: one focused on research and development for the benefit of Gazprom and the other one on improving the quality of education and personnel training.Peter the Great St. Petersburg Polytechnic University is a multifunctional state higher education institution. In 2010, it was granted the status of a national research university. It includes 11 basic institutes, units of further education, the New Production Technologies NTI Competence Center, and a complex of research units.SPbPU is one of the core universities of Gazprom. The university has the specialized department of Gazprom Transgaz Saint Petersburg, which prepares specialists majoring in Power Engineering, and the Gazpromneft-Polytech Research and Education Center, on the basis of which a joint master's program, Mathematical Modeling of Oil and Gas Production, is being implemented. For more details, please click the link below: https://www.gazprom.com/press/news/2019/october/article488980/ Description
  • 46. Partner Ecosystem Updates IT Shades Engage & Enable Gazprom (Russia) and Thales Alenia Space intent on joining efforts in spacecraft production Feel free to contact us at marketing@itshades.com for any queries 44 Director General of Gazprom Space Systems, and President and CEO of Thales Alenia Space, signed at the 9th St. Petersburg International Gas Forum an Agreement of Intent to jointly launch the Russian-based production of competitive spacecraft based on cutting-edge European technologies.The parties agreed to draft the principles and basic terms for Thales Alenia Space to take part in Gazprom's project on setting up a civil spacecraft assembly facility in the Moscow Region. Thales Alenia Space will act as a technology partner in the project. The document was signed in the follow-up to the Memorandum of Understanding inked by the companies in January 2019.The spacecraft assembly project of Gazprom will make it possible to produce high-end world-class spacecraft primarily designed to increase the capacity of the Yamal orbital satellite constellation and the SMOTR remote sensing satellites owned by the Company. These space systems provide for technological communication and monitoring of the Gazprom Group's production facilities. The in-house assembly facility is expected to reduce costs and shorten the terms of spacecraft production for Gazprom's needs. The facility will also fabricate machinery for other Russian customers and perform assembly, integration and testing of space equipment and its components. Thales Alenia Space, a joint venture of Thales (67 per cent) and Leonardo (33 per cent), is the European leader in satellite systems and a major manufacturer of orbital infrastructure, providing advanced solutions in space communications, remote Earth sensing, navigation, and science. For more details, please click the link below: https://www.gazprom.com/press/news/2019/october/article488903/ Description
  • 47. Partner Ecosystem Updates IT Shades Engage & Enable IndianOil (India) and HDFC Bank launch co-branded fuel credit card for non-metro cities and towns Feel free to contact us at marketing@itshades.com for any queries 45 IndianOil and HDFC Bank Ltd. launched a co-branded fuel credit card for users from non-metro cities and towns. The IndianOil HDFC Bank Credit Card offers customers the highest rewards and benefits on fuel consumption. The card will be available on both RuPay and Visa platforms.Customers earn reward points known as 'fuel points' at over 27,000 IndianOil outlets. They will also earn fuel points on all other spends such as groceries, bill payments, utilities, and other shopping. These points can be redeemed for up to 50 litres of fuel annually. To apply for the card, customers can visit www.hdfcbank.com or walk into the nearest bank branch.Simultaneously, the card was also launched across 135 IndianOil outlets in Bhopal, Lucknow, Indore, Ranchi, Kochi, Vishakapatnam, Guwahati, Nagpur, Shillong, Varanasi, and Panjim, among others.With a 33,000-plus work-force, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, lndianOil has in the past six decades provided energy access to millions of people across the length and breadth of the country through its ever-expanding network of customer touch-points, currently numbering over 50,000. With a turnover of Rs. 6, 05,924 crores and a net profit of Rs. 16,894 crores for the fiscal 2018-19, IndianOil is one the largest and most trusted corporates in the country, touching the lives of over a billion Indians. For more details, please click the link below: https://www.iocl.com/aboutus/NewsDetail.aspx?NewsID=54525&tID=8 Description
  • 48. Partner Ecosystem Updates IT Shades Engage & Enable NOVATEK (Russia), Mitsui O.S.K. Lines and JBIC Signed Cooperation Agreement Feel free to contact us at marketing@itshades.com for any queries 46 PAO NOVATEK, Mitsui O.S.K. Lines, Ltd. (MOL) and Japan Bank for International Cooperation (JBIC) signed a Cooperation Agreement confirming the parties’ intentions to implement projects for the construction of a marine LNG transshipment complexes in the territory of Kamchatka and Murmansk region (hereinafter – “Projects”), including possible acquisition of participation interest in Projects and potential financing of Projects.PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”. For more details, please click the link below: http://www.novatek.ru/en/press/releases/index.php?id_4=3447&from_4=1 Description
  • 49. Partner Ecosystem Updates IT Shades Engage & Enable NOVATEK (Russia) and HMS Group Sign Memorandum on Localizing Fabrication of LNG Equipment Feel free to contact us at marketing@itshades.com for any queries 47 PAO NOVATEKand HMS Group signed a Memorandum on Strategic Partnership and Localizing the Fabrication of Critical Equipment for LNG Production. The Memorandum notes the results already achieved on developing medium-tonnage compressor equipment. According to the Memorandum, the Parties intend to pursue long-term cooperation to localize the fabrication of compressors, pumps, and other equipment for NOVATEK’s LNG projects.PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”. For more details, please click the link below: http://www.novatek.ru/en/press/releases/index.php?id_4=3460&from_4=1 Description
  • 50. Partner Ecosystem Updates IT Shades Engage & Enable OMV (Austria), Snam and TAG sign MoU for sustainable LNG mobility Feel free to contact us at marketing@itshades.com for any queries 48 OMV, Snam and TAG have signed a Memorandum of Understanding (MoU) for the collaboration in the field of sustainable LNG (LNG = Liquefied Natural Gas) mobility.The MoU lays out the intention to jointly explore potential opportunities in the field of sustainable LNG mobility in Austria such as the construction of a small-scale LNG liquefaction plant, the framework for a later LNG supply agreement, and the development of a LNG market.OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of more than 20,000 employees in 2018, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria as part of the Central and Eastern Europe core region as well as a balanced international portfolio, with Russia, North Sea, Middle East and Africa as well as Asia-Pacific as further core regions. 2018 daily production stood at approximately 427,000 boe/d. In Downstream, OMV operates three refineries with a total annual processing capacity of 17.8 mn tons and more than 2,000 filling stations in ten countries. OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2018, gas sales volumes amounted to around 114 TWh. Sustainability is an integral part of the corporate strategy. OMV is set to invest EUR 500 mn in innovative energy solutions by 2025. For more details, please click the link below: https://www.omv.com/en/news/190923-omv-snam-and-tag-sign-mou-for-sustainable-lng-mobility Description
  • 51. Partner Ecosystem Updates IT Shades Engage & Enable OMV (Austria) and AustroCelHallein sign bioethanol supply agreement Feel free to contact us at marketing@itshades.com for any queries 49 OMV, the international, integrated oil and gas company headquartered in Vienna, and AustroCelHallein GmbH have recently signed a multi-year agreement to supply advanced bioethanol. The agreement relates to fuel components derived exclusively from cellulose. Their sustainable base leads them to be classified as “advanced biofuels” and in future they will be added to OMV gasoline to fulfil legal additive requirements. The product will play a part in reducing the carbon intensity of the OMV product portfolio and thereby help it to meet its OMV 2025 Sustainability Goals. AustroCelHallein is committed to the cascading use of resources: High-purity cellulose is produced from spruce, which comes from the sawmill industry as scrap; this cellulose is predominantly processed in Asia to make fibers for textile applications. The spruce used in Hallein only contains 40% cellulose and that’s why the incidental material must be optimally exploited to generate the greatest value added and guarantee maximum resource efficiency. When the wood is boiled, so-called brown liquor is produced. In the past this was vaporized and then burnt off. But this brown liquor contains valuable wood sugars that can be fermented via the addition of yeast, after which they can be distilled into bioethanol. For more details, please click the link below: https://www.omv.com/en/news/191003-omv-and-austrocel-hallein-sign-bioethanol-supply-agreement Description
  • 52. Partner Ecosystem Updates IT Shades Engage & Enable Tatneft (Russia) Signed an Agreement of Intent by the Russian Rocket and Space Corporation Feel free to contact us at marketing@itshades.com for any queries 50 Tatneft, in the framework of the International Forum Russian Energy Week, signed an Agreement of Intent with the United Rocket and Space Corporation (ORKK JSC).Within the framework of the signed document, the parties plan to develop cooperation in the use of the competencies of the aerospace industry enterprises for the development and production of high-tech equipment used in the oil and gas industry.The agreement is aimed at cooperation in the field of priority areas for the development of the oil and gas industry, the implementation of a diversification program for production, the introduction of domestic high-tech developments in oil production processes within the framework of the domestic import substitution program, etc.Russian Energy Week is the largest industry event in the field of energy in Russia. The forum takes place at the Manege Central Exhibition Center with the participation of about 9 thousand guests from 60 countries - heads of energy departments of various countries, leaders of major international energy companies, leading world experts, heads of constituent entities of the Russian Federation and media representatives. For more details, please click the link below: http://www.tatneft.ru/press-tsentr/press-relizi/more/6641/?lang=ru Description
  • 53. Partner Ecosystem Updates IT Shades Engage & Enable TechnipFMC (UK) and DNV GL sign a partnership to set the benchmark for trust in oil and gas industry’s digital twins Feel free to contact us at marketing@itshades.com for any queries 51 TechnipFMC and DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology for qualifying the integrity of digital twin technology. The methodology aims to bring a level playing field to the sector’s varying technical definitions of, and expectations towards digital twins. It will set a benchmark for oil and gas operators, supply chain partners and regulators to establish trust in digital twin-generated data for performance and safety decision-making in projects and operations. Digital twins, a digital representation of a physical asset and its behavior, have the potential to rapidly emerge as the foundation for asset design and operation across the oil and gas value chain. Oil and gas companies are increasingly using the technology to bring asset information from multiple sources together in a single and secure place and connecting 3D models with real time field data during operation phase. Through Digital Twins, Operators will also be able to get more insights and simulate the behavior of the asset depending on operational conditions to facilitate the decision-making. For more details, please click the link below: https://www.technipfmc.com/en/media/news/2019/09/technipfmc-and-dnv-gl-sign-a-partnership-to-set-the-digital-twins-benchmark Description
  • 54. Partner Ecosystem Updates IT Shades Engage & Enable Oxiteno (Brazil) and Air Liquide enable CO2 reuse plant Feel free to contact us at marketing@itshades.com for any queries 52 In 2020, a new carbon dioxide liquefaction plant will start operating at the Capuava Petrochemical Complex in São Paulo (SP). The partnership between Oxiteno and Air Liquide will harness the CO2 generated by industrial processes, purify, reuse and help mitigate environmental impacts, such as the direct emission of greenhouse gases from Oxiteno's unit. This will reduce emissions by 30% and boost the circular economy in the reuse of CO2 from the burning of organic material. This reduction contributes to some environmental goals set by Oxiteno; To act with the goals of sustainable development (SDGs) established by the United Nations, such as those of sustainable consumption and production, and to promote actions to combat global climate change. Oxiteno, a Ultrapar company, is a leader in the production of innovative and sustainable surfactants and specialty chemicals for the Agrochemical, Personal Care, Home and Institutional Cleaning, Oil and Gas, and Paint and Coatings markets, and is present in nine countries across the world. Americas, Europe and Asia. Air Liquide is the leading global provider of gases, technologies and services to industry and healthcare. For more details, please click the link below: http://www.ultra.com.br/show.aspx?idMateria=JP5oY0xELXu+pyWoY9wYXA==&IdCanal=lFCr3MZb2aK2gOi/HXr/qA== Description
  • 55. Partner Ecosystem Updates IT Shades Engage & Enable Schlumberger (USA) and TIBCO Collaborate to Provide Advanced Analytics in the DELFI Environment Feel free to contact us at marketing@itshades.com for any queries 53 Schlumberger announced the integration of industry-leading TIBCO Spotfire® and TIBCO® Data Virtualization technologies into the DELFI* cognitive E&P environment. The collaboration will augment Schlumberger domain science applications with new analytics capabilities, significantly expanding DELFI environment user access to intuitive data virtualization tools and analytical workflows. Schlumberger and TIBCO will leverage both organizations’ ongoing investments in digital innovation by working together on the joint development of descriptive and advanced analytics to deliver powerful new insights into an ever-expanding volume of E&P data.The TIBCO technologies will form part of the DELFI environment, which includes the Schlumberger E&P application portfolio of market-leading petrotechnical platforms and cloud-native solutions including the DrillPlan* coherent well construction planning solution, FDPlan* agile field development planning solution and ProdOps* tuned production operations solution. Integrating leading analytics capabilities into the DELFI environment is an important step that will help improve decision making and foster greater innovation in E&P. For more details, please click the link below: https://www.slb.com/newsroom/press-release/2019/pr-2019-0926-slb-tibco-delfi Description
  • 56. Partner Ecosystem Updates IT Shades Engage & Enable Rockwell Automation and Schlumberger (USA) Announce Closing of Sensia Joint Venture Feel free to contact us at marketing@itshades.com for any queries 54 Rockwell Automationand Schlumberger announced the closing of their previously-announced joint venture, Sensia, the oil and gas industry’s first digitally enabled, integrated automation solutions provider. The joint venture leverages Schlumberger’s deep oil and gas domain knowledge and Rockwell Automation’s rich automation and information expertise to address this fast-growing market.Headquartered in Houston, Texas, Sensia is projected to generate initial annual revenue of $400 million and employ approximately 1,000 employees.Sensia will operate as an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture. Rockwell Automation made a $250 million cash payment to Schlumberger at closing.Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs approximately 23,000 people, serving customers in more than 80 countries. For more details, please click the link below: https://www.slb.com/newsroom/press-release/2019/pr-2019-1002-slb-sensia-closing Description
  • 57. Partner Ecosystem Updates IT Shades Engage & Enable Lukoil (Russia) And Kazmunaygaz Sign Agreement on Joint Studies Feel free to contact us at marketing@itshades.com for any queries 55 President of PJSC LUKOIL and Chairman of the Management Board of KazMunayGaz have signed in Almaty (Kazakhstan) an Agreement on Joint Studies. The two companies agreed on major terms of cooperation and expressed their willingness to begin studies on mineral resources in order to evaluate the hydrocarbon potential of certain areas in the Republic of Kazakhstan. The agreement continues the long-term successful cooperation between the two companies. Earlier this year LUKOIL, the Ministry of Energy of the Republic of Kazakhstan and KazMunayGaz concluded a contract for hydrocarbon exploration and production on the Zhenis block. Baseline agreement on the I-P-2 project was also signed earlier this year. Both projects are located in Kazakhstan Caspian shelf. In addition, LUKOIL and KazMunayGaz are strategic partners in a number of large-scale projects: Karachaganak, Tengiz, Kumkol, Caspian Pipeline Consortium (crude oil transportation project) among them. For more details, please click the link below: http://www.lukoil.com/PressCenter/Pressreleases/Pressrelease?rid=391780 Description
  • 58. Partner Ecosystem Updates IT Shades Engage & Enable Noble Energy (USA) Amends Gas Sales Contracts WithDolphinus Holdings Limited, Increasing Firm Sales Volumes Into Egypt Feel free to contact us at marketing@itshades.com for any queries 56 Noble Energy, Inc. announced that the Company and its partners have amended their agreements for the sale of natural gas to Dolphinus Holdings Limited from the Leviathan and Tamar fields. The amended agreements now provide for total combined firm contract quantities of 3 trillion cubic feet (Tcf) of natural gas, more than doubling the firm volume commitments previously agreed. In addition, each agreement has been extended by five years to reflect 15-year terms.These contracts replace the previous firm commitment of 1.15 Tcf from the Leviathan field and the previous interruptible quantity of 1.15 Tcf from the Tamar field. Both contracts include take or pay commitments. During the two-year period ended June 30, 2022, Leviathan will backstop any volume commitment that Tamar is unable to deliver under the amended agreement. For more details, please click the link below: http://investors.nblenergy.com/news-releases/news-release-details/noble-energy-amends-gas-sales-contracts-dolphinus-holdings Description
  • 59. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Miscellaneous Updates Energy Industry
  • 60. Miscellaneous Updates IT Shades Engage & Enable Occidental (USA) Starts Up First-of-its-kind Solar Facility Directly Powering Oil and Gas Operations Feel free to contact us at marketing@itshades.com for any queries 57 Occidental announced the start-up of the company’s first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin. The company, through its Oxy Low Carbon Ventures (OLCV) subsidiary, also announced that it has signed a long-term power purchase agreement for 109 MW of solar energy, beginning in 2021, for use in its Permian operations.The Goldsmith field solar facility, built by Occidental in Ector County near Odessa, Texas, expands on the company’s commitment to economically lower its carbon footprint by using emissions-free power sources in operations. The 120-acre field is the first large-scale solar facility of its kind to directly power oil and gas operations in Texas and features 174,000 photovoltaic panels with a total capacity of 16 MW — enough to power the operations at the Goldsmith field. First Solar manufactured the photovoltaic panels and is under contract with OLCV to operate the facility.OLCV also recently signed a 12-year solar power purchase agreement with a joint venture between Macquarie’s Green Investment Group (GIG) and Core Solar LLC, whose solar project in West Texas will be operational in 2021. GIG is a specialist in green infrastructure principal investment, project delivery and the management of portfolio assets and related services and Core Solar is a developer of utility scale solar plants. For more details, please click the link below: https://www.oxy.com/News/Pages/Article.aspx?Article=6165.html Description
  • 61. Miscellaneous Updates IT Shades Engage & Enable Tatneft(Russia) Introduces Energy Efficiency and Energy Saving Policy Feel free to contact us at marketing@itshades.com for any queries 58 The Tatneft Group approved and implemented a unified Policy in the field of energy efficiency and energy saving.The developed document is aimed at achieving the strategic goals of the Company, establishes general requirements for a system for improving energy efficiency and energy conservation, formalizes common principles and approaches in this area. The organization of work in accordance with GOST R ISO 50001-2012 “Energy management systems. Requirements and application guidelines. ” Among the main goals of the implemented Policy: continuous improvement of energy efficiency, rational use of energy resources; improvement of management processes for energy efficiency and energy conservation in the implementation of all types of production activities; cost reduction due to the introduction of advanced innovative energy-efficient technologies and rational use of energy resources; development, implementation, maintenance and continuous improvement of the Energy Management System that meets the requirements of GOST R ISO 50001 and ISO 50001.To achieve these goals, the Company organizes accounting and control of consumption efficiency, energy inspection of production facilities; development of economically feasible energy-saving energy-efficient measures and monitoring of their implementation, etc. For more details, please click the link below: http://www.tatneft.ru/press-tsentr/press-relizi/more/6627/?lang=ru Description
  • 62. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Event Updates Energy Industry
  • 63. Event Updates IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Upcoming Events - Energy Energy Storage North America ESNA is the largest and most influential grid-connected energy storage Conference and Expo in North America. ESNA hosts 2,000 attendees from 30 countries and over 800 organizations. Now in its 7th year, ESNA is celebrating the role innovation plays in developing energy storage technology, markets, and business models. Since its inception, ESNA has accelerated the pace of innovation in the industry by bringing together key stakeholders from across the energy storage industry for three days of high-quality education, networking and inspiration. Hosted By : Utilitydrive San Diego, USA 05-07 Nov, 2019 https://www.utilitydive.com/events/energy-storage-north-america-san-diego-ca-nov-05-2019-utility-dive/ CyberCon Power & Utilities Cybersecurity Conference ESNA is the largest and most influential grid-connected energy storage Conference and Expo in North America. ESNA hosts 2,000 attendees from 30 countries and over 800 organizations. Now in its 7th year, ESNA is celebrating the role innovation plays in developing energy storage technology, markets, and business models. Since its inception, ESNA has accelerated the pace of innovation in the industry by bringing together key stakeholders from across the energy storage industry for three days of high-quality education, networking and inspiration. Hosted By : Utilitydrive California, USA 19-21 Nov, 2019 https://www.utilitydive.com/events/cybercon-power-utilities-cybersecurity-conferenc-anaheim-california-nov-19-2019-utility-dive/ Operational Excellence in Oil & Gas Summit The 10th Annual Operational Excellence in Oil and Gas Summit is returning to Houston November 4-6, 2019 and will bring over 300 heads of Operations leaders from North America's largest oil and gas companies to discuss how to balance competing priorities and bridge the information silos in your business that can significantly impede safety performance. Hosted By : ASDEvents Houston, USA 04-06 Nov, 2019 https://www.asdevents.com/event.asp?id=21589 European Biomass to Power Conference This two day event will bring together key industry stakeholders to join our forum discussions, including senior representatives from Power Companies, Biomass Producers, Biomass Traders & Distribution Companies, Trade Associations, Renewable Energy Consultancies, EPC Contractors and OEMs, Regional & National Governments and Regulatory & Research Bodies and benefit from excellent networking opportunities. Hosted By : ASDEvents Helsinki, Finland 06-07 Nov, 2019 https://www.asdevents.com/event.asp?id=21553 European E-Fuels Conference This European E-Fuels Conference will be taking place in Munich, Germany on the 6th & 7th of November 2019. The two day event will bring together key industry stakeholders from the renewables, fuels, energy and oil & gas industry: including car manufacturers, e-fuel producers, technology providers, consultants and policy advisors. Hosted By : ASDEvents Munich, Germany 06-07 Nov, 2019 https://www.asdevents.com/event.asp?id=21554 Future of Biogas Europe Conference The European biogas market is set to witness strong growth on account of growing focus toward decarbonizing the energy sector supported by a multitude of legislative schemes and policies. Increased production and use of biogas to support the circular economy and renewable energy mix will stimulate the industry growth in the region. Hosted By : ASDEvents Amsterdam, Netherlands 13-14 Nov, 2019 https://www.asdevents.com/event.asp?id=21555 59
  • 64. Event Updates IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Upcoming Events - Energy US Fuels Markets & Refining Strategy Conference The two day event will give you an insight to the industry's latest regulations impacting on refining sustainability, US production capacities, crude oil markets, future forecasts on fuel demand, as well as export & trading activities. In depth insights into the MARPOL regulation & Corporate Average Fuel Economy (CAFE Standards), followed by the possible impact of Electric Vehicles will provide a solid background for the two days discussion on best solutions for refining industry in US. Hosted By : ASDEvents Houston, USA 13-14 Nov, 2019 https://www.asdevents.com/event.asp?id=21652 Operational Excellence & Risk Management Conference Learn how to embed the culture, systems and processes of the world's Highest Reliability Organizations. Hosted By : ASDEvents London, UK 18-20 Nov, 2019 https://www.asdevents.com/event.asp?id=21603 Benelux Infrastructure Forum 2019 The conference has established itself as the industry-leading event for the Benelux region and will provide an unparalleled opportunity to learn and network amongst senior executives in this thriving industry. The Benelux Infrastructure Forum is the only place to meet the major players within this industry from both the banks, constructors, institutional investors, lawyers and the regulators. Hosted By : ASDEvents Amsterdam, Netherlands 20-21 Nov, 2019 https://www.asdevents.com/event.asp?id=21505 Power ON Gas 2019 Conference The conference will set context for in depth technical presentations to deliver real value and actual case studies. Event will give update on global regulatory harmonisation and unique regional policy considerations and requirements. Fortes Media Power ON Gas 2019 brings most knowledgeable experts and solution providers to talk about commercial strategies for future of biogas and renewable energy integration. Hosted By : ASDEvents Copenhagen, Denmark 20-21 Nov, 2019 https://www.asdevents.com/event.asp?id=21614 National Grid-Scale Energy Storage Conference Since its first implementation almost one hundred years ago, the concept of Grid-Scale Energy Storage has provided communities with increased energy reliability and lower energy costs. With the growing integration of and preference for renewable energy sources, as well as the growing demand for power in general, the need for energy storage methods to maintain consistent supply and increase efficiency grows as well. Although there are many storage methods currently available, and still more being developed, choosing the best method and successfully implementing a project can be daunting without the right experience. Hosted By : ASDEvents Albany, NY, USA 20-21 Nov, 2019 https://www.asdevents.com/event.asp?id=21654 Asian Biomass to Power The above pointers would be addressed at this Asian Biomass To Power which will bring together key industry stakeholders to join our forum discussions and excellent networking, including senior representatives from Power Companies, Biomass Producers, Biomass Traders & Distribution Companies, Trade Associations, Renewable Energy Consultancies, EPC Contractors and OEMs, Regional & National Governments and Regulatory & Research Bodies. This platform will provide essential, expert guidance by bringing the pioneers together and aiming to promote the methodologies, exchange of ideas and the way forward to commercialization. Hosted By : ASDEvents Kuala Lumpur, Malaysia 27-28 Nov, 2019 https://www.asdevents.com/event.asp?id=21568 60
  • 65. Event Updates IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Upcoming Events - Energy Global Geothermal Energy Summit 2019 The two day event will provide key insights into the opportunities, challenges, global trends and policies, through expert led case study presentations, interactive sessions and round table discussions giving practical examples of planning, financing & technological strategies shaping the future of geothermal energy production whilst networking with industry peers from across the geothermal power value chain. Hosted By : ASDEvents Florence, Italy 27-28 Nov, 2019 https://www.asdevents.com/event.asp?id=21656 Energy from Waste Conference The conference will not solely be addressing these changes, but also provide a specific attention to international markets, especially those further afield and consider their challenges and solutions to EfW projects and technology. Finally, the conference will also address the fundamental changes to the funding associated with Energy from Waste and how this is impacting the market to move further towards merchant waste projects Hosted By : ASDEvents London, UK 03-04 Dec, 2019 https://www.asdevents.com/event.asp?id=21506 Energy Storage 2020 Conference This 10th Energy Storage Conference will be taking place in Berlin, Germany, on 15th-16th January 2020. The two day event will bring together the senior representatives of the different stakeholders involved in the energy storage sector from utility providers, power generators, technology developers, energy storage service providers and policy regulators. Hosted By : ASDEvents Berlin, Germany 15-16 Jan, 2020 https://www.asdevents.com/event.asp?id=21706 LNG Bunkering Summit It certainly is an exciting time for the LNG industry. With the challenge of IMO 2020 accounted and prepared for, it is now time for the LNG Industry to turn its attention to what future opportunities the cap presents. The event will look at the viability of LNG as a long-term solution, explore AMFs and examine the technology required for future regulations. Hosted By : ASDEvents Amsterdam, Netherlands 28-30 Jan, 2020 https://www.asdevents.com/event.asp?id=21719 Edge Computing Technologies in Oil and Gas Conference This conference will bring together all three components of edge transformation like: Information transformation Strategies to achieve competitiveness through effective information processing Capitalizing on real-time intelligence to improve performance efficiency Workforce transformation Training your workforce to make the jump to new digital heights Leveraging new digital skills enterprise-wide Commercial transformation Strategies to widely improve processing times Maximizing data capture to yield more in-depth information across products and portfolios Hosted By : ASDEvents Houston, USA 29-30 Jan, 2020 https://www.asdevents.com/event.asp?id=21749 Intelligent Automation in Oil & Gas Conference As the new normal unfolds for the oil and gas industry, the leaders are focused on harnessing efficiencies in their operations and becoming more agile. Intelligent Automation is offering the industry the opportunity to use the information they have at their fingertips to uncover efficiencies at a rapid pace - allowing them to better monitor their operations and improve business performance quickly. Hosted By : ASDEvents Houston, USA 24-25 Feb, 2020 https://www.asdevents.com/event.asp?id=21731 61