Gulf Oil and Gas accountACCOUNT

Categories

EPC Exploration Offshore Seismic Drilling Pipelines LNG Refining Petrochemicals

Regions

Middle East Africa East Mediterranean Asia Europe North America Latin America

Unconventional Fuels

Shale Gas Oil Shale Oil Sands Coalbed Methane Tight Gas Heavy Oil

Renewable Energy

Solar Energy Wind Energy Biomass Energy

Finance & Investing

Financial Results Oil Trade




Write for us!

Submit PR to Gulf Oil & Gas

Oil and Gas Headlines


Middle East Oil & Gas News

Iraq Declares Extinguishing of Last Well in Qayara
Iraq >> 3/29/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil declared the extinguishing of the well No.42 in Qayara field in Ninawa governorate, which was the last flaming remaining oil well in the north of I...
Lukoil Applies Innovative Core Examination Technologies at West Qurna-2
Iraq >> 3/28/2017 - LUKOIL has applied innovative technologies for examination of core samples of the West Qurna-2 field. The company performed capillarimetric survey in oil-water reservoir conditions paired with mercury...
Genel Slashes Reserves Estimate for Iraqi Kurdistan Field Again
Iraq >> 3/28/2017 - Gross 2P reserves for the Taq Taq field as of 28 February 2017 are estimated by McDaniel at 59 MMbbls, compared to 172 MMbbls at 31 December 2015. Cumulative oil production from the Taq Taq field to 2...
Petrofac Awarded US$1.3B EPC Contract in Kuwait
Petrofac Awarded US$1.3B EPC Contract in Kuwait Kuwait >> 3/28/2017 - Petrofac has been awarded a contract for Kuwait Oil Company’s (KOC) gathering centre project, GC 32, located in the Burgan oil field, south east of Kuwait. ...
Saudi Arabia Sweetens Huge Aramco IPO with Tax Cut
Saudi Arabia >> 3/28/2017 - Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest e...
5-Millionth Tonne of Oil Produced at Gazprom Neft's Badra Oil Field
Iraq >> 3/27/2017 - Gazprom Neft Badra, a subsidiary of Gazprom Neft, has produced the five-millionth tonne of oil at its Badra field, Iraq. Thanks to the application of cutting-edge production and transportation technol...
Take Your Field Service Management (FSM) to Another Level
United Arab Emirates >> 3/27/2017 - A modern Field Service Management (FSM) system provides the needed visibility, planning, and execution to achieve the key goals for a field service organization. The major forces driving this market i...
First Microfactory Launched in UAE
United Arab Emirates >> 3/27/2017 - Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, the Dubai Future Foundation and GE Additive are uniting their collective expertise behind the establish...
Canada’s APEX Sets Sights on Block 36 Prospects
Oman >> 3/26/2017 - Canada-based upstream energy firm Allied Petroleum Exploration Inc (APEX), whose 100 per cent interest in Block 36 in southwest Oman was endorsed by Royal Decree 15/2017 issued last week, says it has ...
Oman to Cut Crude Supplies to Asia by 15 pct from June
Oman >> 3/24/2017 - Non-OPEC producer Oman has notified its term customers in Asia that it will reduce supplies by 15 percent from June to meet local demand and as part of its commitment to cut output under a producers' ...
Saudi Exports to U.S. to Fall by 300,000 barrels per day in March
Saudi Arabia >> 3/24/2017 - Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official s...
Hempel Inaugurates New Factory in Kuwait
Kuwait >> 3/23/2017 - Hempel inaugurated a new factory in Mina Abdullah in Kuwait on 22 March. Built to ISO 9000 quality management guidelines, the new factory will meet growing demand for Hempel coatings in the region.
Local Firm Wins Oman Sebacic Acid Project Contract
Oman >> 3/22/2017 - Local contracting firm Al Duqm Global Construction has been awarded the main contract to undertake the construction of Oman’s first sebacic acid plant at the Duqm Special Economic Zone (SEZ). Total in...
Aramco Plans $2B Bond Debut
Saudi Arabia >> 3/22/2017 - Saudi Arabian Oil Co. (Saudi Aramco ) is seeking to raise about $2 billion in its debut bond sale, the first step of a plan by the energy giant to tap markets for $10 billion, according to people fami...
China's SASAC, Saudi Aramco Discuss Oil, Engineering Cooperation
Saudi Arabia >> 3/22/2017 - A top official of China's state assets regulator met with Saudi Aramco's chief executive last week for discussions over cooperations in the oil, engineering and power sectors, according to a statement...
Marlink to Build New Internet Service for Iraqi Oil & Gas Companies
Iraq >> 3/20/2017 - Global satcom specialist Marlink, UK-based service integrator Defaultroute and Iraqi Internet service provider Abr Al Manara have joined forces to deliver a groundbreaking hybrid digital connectivity ...
Saudi Aramco Launches Center for Contractors and Suppliers Relations
Saudi Arabia >> 3/20/2017 - Saudi Aramco launched a contractors and suppliers relations center in the Chamber of Commerce and Industry in Riyadh to facilitate the registration process and help contractors reach the company. ...
Beijing, Saudi Arabia Agree to More Oil Cooperation
Saudi Arabia >> 3/18/2017 - China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the two countries said in a joint communique issued at the end of Saudi Arabian King ...
Masirah Oil Spuds Exploration Well in Block 50 Oman
Oman >> 3/17/2017 - Masirah Oil Limited (“Masirah”) and its partners announced that the drilling of exploration well Karamah#1 in Block 50 Oman has started on 17 March 2017. ...
Magseis, BGP Awarded Red Sea Contract Extension
Saudi Arabia >> 3/17/2017 - Magseis has, together with its partner BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data block in the Red Sea. The...
Saudi Oil Minister Says Output Cuts May be Extended if Necessary
Saudi Arabia >> 3/17/2017 - A deal to cut oil output by the Organization of the Petroleum Exporting Countries could be extended if inventories remain above average, Saudi Energy Minister Khalid al-Falih said in an interview with...
Iraq's Talks with Exxon to Develop New Southern Fields in Progress
Iraq >> 3/15/2017 - Iraq's talks with U.S. oil major Exxon Mobil Corp to develop two small southern oilfields are progressing well, the head of state-run South Oil Co. said. ...
Iraq Plans to Boost Crude Oil Production and Exports in 2017
Iraq >> 3/15/2017 - Iraq pumped 4.57 million barrels a day of oil in February and plans to boost output later in the year even as the OPEC member reaffirmed its commitment to the group’s decision to cut production to cou...
Oman Refiner Said to Hire Credit Agricole for $6 Billion Project
Oman >> 3/15/2017 - Oman’s Duqm Refinery & Petrochemical Co. hired Credit Agricole SA to advise on fundraising for its $6 billion project, according to two people with knowledge of the plan. ...
Bilfinger Wins €200M Contract Extension in Oman as Part of JV
Oman >> 3/15/2017 - Bilfinger has secured a multi-million euro framework contract extension for engineering and maintenance services in Oman as part of a joint venture. The longstanding successful cooperation with oil an...
Wartsila to Supply 38 MW Power Plant to Saudi Arabia
Saudi Arabia >> 3/15/2017 - The technology group Wartsila will supply a 38 MW power plant to a Saudi Arabian customer. The turn-key engineering, procurement and construction (EPC) order includes four Wartsila 32TS engines. The o...
Saudi Aramco to Resume Oil Product Shipments to Egypt Soon
Saudi Arabia >> 3/15/2017 - Saudi Arabian state oil company Aramco will resume oil product shipments to Egypt some six months after halting them suddenly, the Egyptian Petroleum Ministry said, signaling a potential thaw in relat...
PGNIG Signed a Strategic Agreement with Qatargas
Qatar >> 3/14/2017 - Polish Oil and Gas Company (PGNiG) signed a side agreement to the existing Sale and Purchase Agreement (SPA) with Qatargas, the World’s Premier Liquefied Natural Gas Company. ...
Petsec Energy to Supply Oil Tanker Loading Equipment in Yemen
Yemen >> 3/14/2017 - Petsec Energy announces the execution of a contract for the manufacture and delivery of oil tanker loading equipment to be installed at the An Nagyah Central Processing Facility (CPF) within the Compa...
Kuwait Willing to Extend OPEC Deal
Kuwait >> 3/13/2017 - Kuwait will support the extension of a global deal to cut oil supply beyond June, the country's oil minister said on Monday as the market needs more time to rebalance. ...
SMC Awards SNC-Lavalin EPC Contract for Ammonia Plant Construction
Oman >> 3/12/2017 - Salalah Methanol Company (SMC), a wholly owned subsidiary of Oman Oil Company (OOC), has awarded SNC-LAVALIN, a contract for the engineering, procurement and construction (EPC) of a 1,000 metric tons ...
NDT CCS Acquires Majority Stake in Omani Firm
Oman >> 3/12/2017 - Investcorp’s portfolio company, NDT Corrosion Control Services Co. (NDT CCS), announced the acquisition of a majority stake in Hi-Tech Inspection Services, Oman’s largest provider of industrial non-de...
Amec FW Wins PIC Refinery-petchem Integration Deal
Kuwait >> 3/10/2017 - Amec Foster Wheeler awarded a contract by Petrochemical Industries Company K.S.C. (PIC), a subsidiary of the Kuwait Petroleum Company (KPC), for the integration project between its Olefins III, Aromat...
Gazprom Neft Commissions Three New Wells at Badra Field in Iraq
Iraq >> 3/9/2017 - Gazprom Neft Badra — a subsidiary of Gazprom Neft — has commissioned three new production wells (BD-2, P-14 and P-10) at the Badra field in Iraq. Total production across all three wells is running at ...
Iraq Announces Increase in Kirkuk Oil Refinery Capacity
Iraq >> 3/8/2017 - Iraq has added a processing unit to the Kirkuk oil refinery, increasing the plant's capacity by 10,000 barrels per day, the oil ministry said in a statement. ...
SEZAD and PDO Sign MoU to Train Jobseekers
Oman >> 3/8/2017 - The Special Economic Zone Authority in Duqm (SEZAD) and Petroleum Development Oman (PDO) signed a Memorandum of Understanding (MoU) that provides for the development of a joint mechanism for co-operat...
McDermott Signs MOU with Saudi Aramco to Construct New Marine Complex
Saudi Arabia >> 3/8/2017 - McDermott International, Inc. plans to construct offshore production solutions in Saudi Arabia. McDermott signed a memorandum of understanding with Saudi Aramco for a long-term land lease at the new m...
DNO Reports Payment for Tawke Deliveries
Iraq >> 3/7/2017 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 43.79 million from the Kurdistan Regional Government as payment towards December 2016 crude oil deliveries to the export market fro...
SNC-Lavalin Awarded Five-year Commissioning Framework Agreement by PDO
Oman >> 3/7/2017 - SNC-Lavalin announces that its wholly owned subsidary Kentz Overseas Company WLL has been awarded a five-year commissioning support services framework agreement by Petroleum Development Oman (PDO). Un...
The Kingdom Fights Back Against Cyber Crime
Saudi Arabia >> 3/7/2017 - Cyber-Crime is not a new phenomenon, but it’s hitting the headlines as never before, with organization across GCC suffering high profile and damaging reaches. The growing frequency and sophistication ...

Africa Oil & Gas News

Impact Oil & Gas Farms Out Interest in AGC Profond PSC to CNOOC
Senegal >> 3/29/2017 - Impact Oil and Gas Ltd, the African-focused pure exploration company, is pleased to announce that its subsidiary, Impact Oil & Gas AGC Ltd (Impact), has reached an agreement with CNOOC UK Limited (CNO...
Erin Enters into a Farm-Out Deal with FAR for Gambia Blocks
Gambia >> 3/27/2017 - Erin Energy Corporation (Erin Energy or the Company) has entered into a definitive farm-out agreement with FAR Ltd. (FAR), an Australian Securities Exchange listed oil and gas company, whereby FAR wil...
Cairn Energy Drills another Successful Well Offshore Senegal
Senegal >> 3/27/2017 - Drilling operations on the FAR Limited VR-1 well offshore Senegal have reached a depth of 2759m, wireline logging and sampling through the SNE section are complete and preparations are underway for de...
BP Makes 3rd Gas Discovery in Egypt's North Damietta Concession
BP Makes 3rd Gas Discovery in Egypt's North Damietta Concession Egypt >> 3/26/2017 - British Petroleum (BP) has made a gas discovery as part of the North Damietta Offshore Concession in Egypt's Nile Delta, the third such discovery in two years in same block, the company announced. ...
Libya's NOC Warns of New Attempt at Independent Oil Sales
Libya >> 3/26/2017 - Libya's National Oil Corporation (NOC) had identified "illegal" efforts to sell crude oil without its approval and warned potential buyers not to enter into such contracts. ...
Shell Divests Gabon Onshore Interests for $587 Million
Gabon >> 3/24/2017 - Royal Dutch Shell plc (Shell), through its affiliates, has reached an agreement with Assala Energy Holdings Ltd. a portfolio company of The Carlyle Group, to sell 100 percent of its Gabon onshore inte...
Kosmos Energy Begins 2nd Phase of Exploration Drilling Program
Senegal >> 3/24/2017 - Kosmos Energy has begun the second phase of its multi-well exploration drilling program offshore Mauritania and Senegal. The Atwood Achiever drillship is now on location offshore Senegal in the Cayar ...
East Africa's Oil Ambitions Tested by Pipeline Machinations
Uganda >> 3/24/2017 - A decade after its first big oil find, East Africa’s emergence as a crude exporter has been hindered by security and cost concerns that left the region building two pipelines instead of one. Uganda an...
Liquidation of Moroccan Refinery Samir Extended
Morocco >> 3/23/2017 - A Moroccan court has granted an extra month for the liquidation process for Samir, the country's only oil refinery, a court-appointed trustee said on Thursday. ...
Eni Awarded Two New Blocks Offshore Ivory Coast
Ivory Coast (Cote D'Ivoire) >> 3/22/2017 - Eni has obtained majority stakes in two new exploration blocks off the shore of the Ivory Coast. The two blocks are located approximately 50 km from the country’s coastline. ...
Sinopec Buys First Major Refinery in Africa from Chevron
South Africa >> 3/22/2017 - China's Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies anno...
Solo Oil Announces Investment in Helium One
Tanzania >> 3/22/2017 - Solo Oil plc, the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets has agreed to acquire a 10% interest ...
Rosneft Signs Deal to Supply 10 LNG Cargoes to Egypt in 2017
Rosneft Signs Deal to Supply 10 LNG Cargoes to Egypt in 2017 Egypt >> 3/21/2017 - A trading unit of top Russian oil producer Rosneft has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company this year. The first delivery by Rosne...
Egypt Aims to Raise 6b Pounds from Sale of Stakes in State Firms
Egypt Aims to Raise 6b Pounds from Sale of Stakes in State Firms Egypt >> 3/21/2017 - Egypt aims to raise 6 billion pounds ($329 million) from the sale of stakes in state companies in the 2017/18 financial year, Finance Minister Amr El Garhy told Reuters, part of government efforts to ...
TechnipFMC Awarded an Onshore Contract in Ghana
Ghana >> 3/21/2017 - TechnipFMC has been awarded a contract by ENI Ghana E&P Limited (a subsidiary of ENI, Ghana National Petroleum Company (GNPC) and Vitol), for the onshore part of the Offshore Cape Three Points (OCTP) ...
Algerian State Energy Firm Sonatrach Replaces CEO
Algeria >> 3/20/2017 - Algerian state energy firm Sonatrach has replaced Chief Executive Amine Mazouzi after less than two years in the job with Abdelmoumen Ould Kadour, the energy ministry said. ...
Angola Ignores Odebrecht Corruption Links
Angola >> 3/20/2017 - Angola's authorities have ignored the admission by a Brazilian firm that it paid $50 million in bribes to secure contracts in the country, activists say, despite demands from watchdogs that it join in...
Commencement of Drilling Operations at South Disouq
Commencement of Drilling Operations at South Disouq Egypt >> 3/20/2017 - SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce the commencement of drilling operations on the SD-1X well at its South Disouq concession in Nile Delta area of Egy...
Egypt Received Two Cargoes of Diesel Fuel from Saudi Aramco
Egypt Received Two Cargoes of Diesel Fuel from Saudi Aramco Egypt >> 3/19/2017 - Egyptian Petroleum Minister Tarek El Molla said his country had received two cargoes of diesel fuel from Saudi Arabian state-owned oil company Aramco on Friday and Saturday. Molla was speaking at an e...
Libya's NOC Expects to Regain Es Sider, Ras Lanuf Oil Ports
Libya >> 3/19/2017 - Libya's National Oil Corporation (NOC) has been coordinating with military forces from eastern Libya and has "no reason to believe" it will not regain control of the Es Sider and Ras Lanuf oil ports, ...
Talks with the New Head of the EU Delegation to Egypt
Talks with the New Head of the EU Delegation to Egypt Egypt >> 3/17/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Ambassador Ivan Surkos, the new Head of the EU Delegation to Egypt, where they reviewed mutual cooperation in the energy domai...
Nigerian Court Overturns Seizure of Oilfield from Shell & Eni
Nigeria >> 3/17/2017 - A Nigerian court on Friday overturned a request by Nigeria's financial crimes agency to seize an oilfield from Royal Dutch Shell and Eni. In January, a court had ordered the seizure of the OPL 245 oil...
Somali Force & Pirates Aboard Hijacked Vessel Exchange Fire
Somalia >> 3/17/2017 - Somali maritime forces have exchanged gunfire with the hijackers of an oil tanker in the semi-autonomous region of Puntland, the head of the maritime force said. The incident raised fears that hostage...
Sinopec Nears Deal to Buy Chevron's South African Assets
South Africa >> 3/17/2017 - China's Sinopec is nearing a deal to buy Chevron's South African oil assets for up to $1 billion (807.1 million pounds) to secure its first major refinery on the continent, several people familiar wit...
CNOOC Exercises its Pre-Emption Rights in Respect of Farm Down to Total
Uganda >> 3/17/2017 - On 9 January 2017, Tullow Oil plc (Tullow) announced that it had agreed to farm-down 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total E&P Uganda B.V. (Total) for ...
Tullow Hits Shareholders with Surprise Cash Call to Cut Debt
Uganda >> 3/17/2017 - Africa-focused Tullow Oil took investors by surprise with plans for a $750 million (605.33 million pounds) rights issue to help it pay down heavy debts amassed during the oil price downturn. Tullow sh...
Petroleum Minister Meets with Dana Gas GM in Egypt
Petroleum Minister Meets with Dana Gas GM in Egypt Egypt >> 3/16/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Eng. Iman Hill, Technical Director – GM of UAE & Egypt together with Mr. Said Arrata, member of Dana Gas Board, as they review...
Unpaid Wages, Sackings Stir New Tension in Nigeria's Oil Hub
Nigeria >> 3/16/2017 - The moment a group of Nigerian contractors met executives from Italian oil major ENI to discuss unpaid wages they started shouting, calling them fraudsters and liars until a police commander restored ...
Somali Pirates Release Hijacked Ship, Crew without Ransom
Somalia >> 3/16/2017 - Somali pirates released a hijacked oil tanker and its eight Sri Lankan crew on Thursday, a Somali security official and the pirates said, bringing the first hijacking since 2012 to an unusually swift ...
Total Brings on Stream Moho Nord Deep Offshore Project
Congo >> 3/15/2017 - Total has started up production from the Moho Nord deep offshore project, located 75 kilometers offshore Pointe-Noire in the Republic of the Congo. Operated by the Group, the project has a production ...
Talks with Shell’s Executive Vice President
Talks with Shell’s Executive Vice President Egypt >> 3/15/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Eng. Sami Iskander, Shell’s Executive Vice President and Eng. Gasser Hanter, Country Chair and Managing Director of Shell Egyp...
Pirates Demand Ransom for Tanker Seized Off Somalia
Somalia >> 3/15/2017 - Pirates off the coast of Somalia, who hijacked an oil tanker with eight Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force said. The pirates seized the ...
Engen to Ship Gasoil to Singapore in Rare Move
South Africa >> 3/15/2017 - South African petroleum company Engen is set to export a gasoil cargo to Singapore, according to trade sources and shipping data. The company has provisionally booked the Torm Horizon to transport 35,...
ABB Demonstrates Data Center Expertise with Dutch Data Center Operator Systemec
Swaziland >> 3/15/2017 - ABB outlined how its data center power solutions have enabled Dutch data center operator Systemec to secure 100 percent uptime and significant space savings with a focus on continuous power with no sp...
Somali Pirates Hijack First Commercial Ship since 2012
Somalia >> 3/14/2017 - Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said, the first time a commercial ship has been seized in the region since 2012. Security forces have been s...
ABB Ability™ Data Center Automation Delivers IT Asset Monitoring & Management with Intel® DCM
Swaziland >> 3/14/2017 - ABB just released a new version of Decathlon® for Data Centers, now named ABB AbilityTM Data Center Automation ABB has consolidated its digital products and services in the ABB AbilityTM offering in o...
Bernhard Jucker to Retire from Executive Roles at ABB
Swaziland >> 3/14/2017 - ABB announced that Bernhard Jucker (62), President of the Europe region and long term Member of the Group Executive Committee, has decided to retire from his executive roles effective June 30, 2017, a...
ALNAFT Prepares for Its Next Bidding Round, Awaits Better Market Conditions
Algeria >> 3/13/2017 - Algeria’s energy regulatory agency ALNAFT is waiting for favourable market conditions to launch its next bidding round. Sid Al Betata, President of ALNAFT, was speaking ahead of the North Africa Petro...
Hyperdynamics Signs a Tri-Party Protocol with Guinea Government & SAPETRO
Guinea >> 3/13/2017 - SCS Corporation Ltd. (SCS), a wholly owned subsidiary of Hyperdynamics Corporation, has collectively executed on March 10, 2017 in Conakry a Tri-party Protocol "Protocol" with the Government of the Re...
Talks with BP’s CEO for Exploration & Production
Talks with BP’s CEO for Exploration & Production Egypt >> 3/12/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Bernard Looney, BP’s Chief Executive Officer for Upstream during his visit to Egypt, in the presence of Eng. Hesham Mekawi...

Asia Oil & Gas News

Atlantis Resources Signs Preferred Supplier Agreement for Indonesian Tidal Power Projects
Indonesia >> 3/29/2017 - Atlantis Resources, a global leader in the tidal power generation sector, has signed a Preferred Supplier Agreement ('PSA') with SBS INTL LTD (SBS), a privately-owned international marine, subsea and ...
NIOC & Gazprom Ink Gas Deal
Iran >> 3/29/2017 - Gazprom and National Iranian Oil Company signed a Memorandum of Understanding in Moscow today. The signing ceremony took place in the presence of Vladimir Putin, President of the Russian Federation, a...
Lukoil’s President & Iran’s Oil Minister Discuss Cooperation Opportunities
Russia >> 3/29/2017 - As a member of the delegation of the Islamic Republic of Iran, headed by the President of the country Hassan Rouhani, who paid an official visit to Moscow, March, 27-28, Minister of Oil of Iran Bijan...
China Oil Trade - March 2017
China Oil Trade - March 2017 China >> 3/28/2017 - Following the significant increase in December, China’s crude oil imports dropped in January by 554 mb/d, or 6%, from the previous month to average 8 mb/d. On an annual comparison, China’s crude impor...
Nido Petroleum Mobilises Rig for Galoc Field Appraisal Well
Philippines >> 3/28/2017 - Nido Petroleum Limited (Nido) on behalf of the Galoc Joint Venture partners is pleased to advise that the drillship “Deepsea Metro I” has commenced mobilisation from Labuan, Malaysia to the Galoc-7/7S...
Rosneft is Disappointed by the Decision of the EU Court
Russia >> 3/28/2017 - Rosneft considers the decision of the EU Court of Justice, delivered on the 28th of March, 2017, illegal, groundless and politicized. This decision proves that in Europe the rule of law is being subst...
Gazprom Saves 15.2 million tons of Fuel Equivalent on Fuel & Energy Resources in 2011–2016
Russia >> 3/28/2017 - The Gazprom Board of Directors reviewed the information concerning the measures taken by the Company to improve energy efficiency and reduce greenhouse gas emissions. ...
Overdue Gas Debt of Russian Consumers Shows Slower Growth
Russia >> 3/28/2017 - The Gazprom Board of Directors reviewed the information about the strengthening of the financial discipline with regard to domestic gas supplies and about the Company's efforts aimed at addressing gas...
Lukoil & Gazprom Neft Practise Oil Spill Response in Arctic
Russia >> 3/28/2017 - LUKOIL and Gazprom neft ran joint exercise "Arctic-2017" to simulate oil spill response in ice conditions in Arkhangelsk region. The exercise took place in the Barents Sea, near the Varandey fixed ice...
Major Operator in Azerbaijan Renews Contract With Elite Control Systems
Azerbaijan >> 3/27/2017 - Elite Control Systems is delighted to announce that a major oil and gas operator has renewed its contract with the company to provide comprehensive process control software systems and ongoing support...
Mizuho & Marubeni Agree to Explore Opportunities to Provide New Finance Service in the ASEAN Region
Japan >> 3/27/2017 - Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato, “Mizuho FG”), Mizuho Bank, Ltd. (President & CEO: Nobuhide Hayashi, “Mizuho Bank”), and Marubeni Corporation (President & CEO: Fumiy...
Lukoil to Ensure Closed-Cycle Water Consumption at Yarega Field
Russia >> 3/27/2017 - LUKOIL commenced construction of a water treatment facility with a capacity of 4.3 thousand cubic meters an hour at Yarega field in the Komi Republic. When commissioned, the facility, for which advanc...
Production at Russia's Sakhalin-2 LNG Plant Suspended
Russia >> 3/27/2017 - Production of liquefied natural gas (LNG) at Sakhalin-2 LNG plant was suspended on Sunday after an accident at one of production platforms, a spokeswoman for Sakhalin Energy, which operates the plant,...
Taiwan's CPC to Start Trial Runs at New Refining Units in May
Taiwan >> 3/27/2017 - State-run Taiwanese refiner CPC Corp said on Monday it plans to start trial runs at new refining units located in the south of the country in May, delayed from earlier this year. ...
Major Petchem Plant Launched in Western Iran
Iran >> 3/25/2017 - The western province of Kurdistan saw inauguration of a major petrochemical plant, the biggest industrial project in the province's history, on the first working day of the new Iranian calendar year. ...
Severstal Ranked 2nd Best European Metals & Mining Company
Russia >> 3/24/2017 - PAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, was ranked the second best metals and mining company in Europe for investor relations by Insti...
NIS Board of Directors Appoints Kirill Tyurdenev CEO of Serbia’s NIS
Russia >> 3/24/2017 - The Board of Directors of NIS a.d. Novy Sad has taken the decision to appoint Kirill Tyurdenev (previously First Deputy CEO for Refining, Sales and Distribution) CEO of NIS. The company’s current CEO,...
Reshaping Cost Competitiveness Steady Progress Made in All Businesses in 2016
China >> 3/23/2017 - CNOOC Limited announced its 2016 annual results for the year ended December 31, 2016. ...
CNPC Sees Fourth Leg Of Shaanxi-Beijing Pipeline Operational In October
China >> 3/23/2017 - China National Petroleum Corp expects the fourth leg of the Shaanxi to Beijing pipeline to be operational in October, the official Xinhua agency reported, citing a Beijing official, as the natural gas...
Telops & Boson Techno Systems Sign Distribution Agreement
India >> 3/23/2017 - Telops is proud to announce the signing of a distribution agreement with an important partner: Boson Techno Systems. This will result in a strengthened position for Telops in the Indian market. ...
Repsol Chooses Atlas for Onshore, Offshore Consultant Provision
Russia >> 3/23/2017 - Repsol has chosen Atlas Professionals as the preferred supplier for the provision of onshore and offshore technical consultants. ...
Sinopec Limited Wins the Bid for Singapore Petrol Station Site
Singapore >> 3/23/2017 - The petrol station site at Yishun Avenue was awarded to Sinopec (Hong Kong) Limited on February, according to Singapore Housing & Development Board. It’s the first petrol station site that Sinopec (Ho...
PTTEP & JOGMEC Sign MoU for Research & Technology Development
Thailand >> 3/23/2017 - Mr. Kanit Sangwongwanich, Executive Vice President for Engineering and Development Group, PTT Exploration and Production Public Company Limited (PTTEP), recently signed a Memorandum of Understanding (...
Petrochina's Head Of Crude Oil Trading Resigns, Replaced By Deputy
China >> 3/22/2017 - The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company, a rare departure from a state-owned enterprise known for retaining talent in the mi...
INPEX Commences Commercial Operations of First Unit of Sarulla Geothermal IPP Project
Indonesia >> 3/22/2017 - INPEX CORPORATION (INPEX) announced that through its wholly owned subsidiary INPEX Geothermal Sarulla, Ltd., it commenced commercial operations of the first unit of the Sarulla Geothermal Independent ...
Marubeni to Transfer All Shares Issued by Tsunagu Network to Arteria
Japan >> 3/22/2017 - Marubeni Corporation (Head office: Chuo-ku, Tokyo; President and CEO: Fumiya Kokubu, hereinafter “Marubeni”) has agreed with ARTERIA Networks Corporation (Head office: Minato-ku, Tokyo; President and ...
Russia Economy - March 2017
Russia Economy - March 2017 Russia >> 3/22/2017 - In January, inflation reached its slowest rate of increase since June 2012 at 5.0% y-o-y. In February, inflation eased further to 4.6% y-o-y. The central bank remained determined to continue and susta...
Sergey Khomyakov Reelected as Gazprom Management Committee Member
Russia >> 3/22/2017 - The Board of Directors reelected Sergey Khomyakov, Deputy Chairman of the Management Committee, as a Member of the Gazprom Management Committee for a 5-year period starting from March 16, 2017.
Wintershall Says Ready to Continue Supporting Nord Stream 2
Russia >> 3/22/2017 - Wintershall , one of the former western partners of Russia's Gazprom in the ongoing Nord Stream 2 pipeline project, said it was still looking for ways to support the plan after opposition by Poland la...
Unique Crane Equipment Delivered to Zvezda Shipbuilding Complex
Russia >> 3/22/2017 - A new large-capacity equipment was delivered to the staple of Zvezda shipbuilding complex , including two crane towers with carrying capacity of 100 t each. The length of the crane's arm is 81.7 m, th...
Nord Stream AG to Support the Sailing Leagues of Northern European Countries and Russia
Russia >> 3/22/2017 - In 2017, Nord Stream AG will extend its support to the sport of sailing. Apart from the regular Baltic offshore Nord Stream Race, the company has joined forces with the national sailing leagues of the...
Telops Teams Up with Spectrum Technology
Taiwan >> 3/22/2017 - Telops is pleased to announce its new partnership with Spectrum Technology, which will result in a strengthened position for Telops in the Taiwanese market. ...
Beset By Delays, Myanmar-China Oil Pipeline Nears Start-Up
China >> 3/21/2017 - Nearly a decade in the making, a project to pump oil 770 km (480 miles) across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the o...
Indian Refinery to Use Honeywell UOP Technology
India >> 3/21/2017 - Honeywell announced that Hindustan Petroleum Corporation Limited (HPCL) is using technologies from Honeywell UOP for the expansion and modernization of its refinery at Visakhapatnam in Andhra Pradesh ...
Gazprom & Vnesheconombank Discuss Cooperation Issues
Russia >> 3/21/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Gorkov, Chairman of Vnesheconombank, took place at the Gazprom headquarters today. The parties discuss...
Gazprom & Eni Sign Memorandum of Understanding
Russia >> 3/21/2017 - Alexey Miller, Chairman of the Gazprom Management Committee, and Claudio Descalzi, Chief Executive Officer of Eni, signed a Memorandum of Understanding at the Gazprom headquarters today. The document ...
Alstom has Completed Its First Signaling Project in Serbia
Russia >> 3/21/2017 - Alstom has delivered its latest signaling interlocking technology to the Serbian Railway Company, working in close cooperation with the Serbian Mihajlo Pupin Institute. The project was ordered by Russ...
Gazprom & BASF Address Joint Hydrocarbon Production Projects in Russia
Russia >> 3/21/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kurt Bock, Chairman of the Board of Executive Directors of BASF, took place at the Gazprom headquarters today...
Geokinetics Wins High Resolution 3D Survey Contract in Brunei
Brunei Darussalam >> 3/20/2017 - Geokinetics Inc., a provider of integrated seismic data acquisition, processing and reservoir analysis solutions, has been awarded a contract by Brunei Shell Petroleum Company Sdn Bhd (BSP) to acquire...
China Rescues 13 From Burning Oil Tanker In East China Sea
China >> 3/20/2017 - Chinese authorities rescued 13 people from oil tanker Xinglongzhou 569 that caught fire after a suspected explosion around 5 pm on Sunday in the East China Sea, the official Xinhua news agency reporte...

Global Oil & Gas News

Tethys Petroleum Limited to Cancel Listing in the United Kingdom
United Kingdom >> 3/17/2024 - Tethys Petroleum Limited (“Tethys” or the “Company”) today announces that it has applied to the United Kingdom Listing Authority (“UKLA”) to cancel the standard listing of the Company’s ordinary share...
3D Oil Seeking Partner for Recently Awarded Permit WA-527-P
Australia >> 3/29/2017 - 3D Oil Limited has been awarded a new exploration permit, WA-527-P in the Roebuck Basin of Western Australia, bid on in the December 2016 Australian Offshore Gazettal round. W-16-8 covers an area of 6...
Board Approval for Sole Gas Project - Commences Equity Funding
Australia >> 3/29/2017 - Cooper Energy has announced that the Sole gas project has been approved as ready to proceed by the Company’s Board of Directors and that finalisation of financing has commenced with a fully underwritt...
ABB Wins Breakthrough Transformer Order to Support Sustainable Mobility in Austria
Austria >> 3/29/2017 - ABB has won an order from Bombardier Transportation to provide 42 Effilight® roof-mounted traction transformers for its TALENT 3 electric multiple unit (EMU) platform. The order is the first global co...
Acquiring ExxonMobil’s Operated Upstream Business in Norway
Norway >> 3/29/2017 - HitecVision and its majority owned portfolio company Point Resources are pleased to announce the signing of an agreement to acquire ExxonMobil’s operated upstream business in Norway from ExxonMobil Ex...
Carnarvon Petroleum Announces Increase in Phoenix South estimated Resources
Australia >> 3/28/2017 - Carnarvon Petroleum has provided an update on the Phoenix South resource estimates following further technical work on the Phoenix South-2 well results (CVN 20% interest). ...
LNG Production Starts from Chevron's Gorgon Train Three
Australia >> 3/28/2017 - Chevron Australia announced the start of liquefied natural gas (LNG) production from the third train at the Chevron-led Gorgon Project on Barrow Island off the northwest coast of Western Australia. ...
Canacol Energy Operational Update in Colombia
Colombia >> 3/28/2017 -  Canacol Energy Ltd.(Canacol) is pleased to provide an update on the Mono Capuchino 1ST exploration well and the Corporation’s drilling program. ...
ABB Launches Medium-Voltage Power Protection Technology in UK & US
United Kingdom >> 3/28/2017 - ABB’s PCS120 MV UPS is a next-generation medium-voltage uninterruptible power supply (UPS) for multi-megawatt power protection that is based on the flexible ZISC (Impedance Isolated Static Converter) ...
CB&I Awarded Contract for Total Ethane Cracker Project
United States >> 3/28/2017 - CB&I (CBI) has been awarded a contract valued at approximately $1.3 billion by Total Petrochemicals & Refining USA, Inc. to provide engineering, procurement and construction for an ethane cracker proj...
Schlumberger Buys Stake in Rig Firm Borr Drilling
United States >> 3/28/2017 - Schlumberger, the world's top oil services provider, has bought a stake in upstart rig operator Borr Drilling. The investment was made through a newly created venture fund, which has the ultimate goal...
Schlumberger Says Bought Stake In Rig Firm Borr Drilling
United States >> 3/28/2017 - Schlumberger, the world's top oil services provider, has bought a stake in upstart rig operator Borr Drilling. The investment was made through a newly created venture fund, which has the ultimate goal...
Schlumberger Opens New Center of Excellence for Production Chemicals
United States >> 3/28/2017 - Schlumberger announced the opening of a new purpose-built Production Technologies Center of Excellence aimed at solving customers’ global challenges related to oil and gas production chemistry, partic...
NJDOT Appoints Jacobs for New Intelligent Transportation System on Route 18
United States >> 3/28/2017 - Jacobs Engineering Group Inc. (JEC) has received a contract from the New Jersey Department of Transportation (NJDOT) to provide construction administration and inspection services for the Route 18 Tra...
Reelection of Petrobras CEO
Brazil >> 3/27/2017 - Petroleo Brasileiro S.A, Petrobras reports that in the meeting held yesterday Petrobras' Board of Directors approved the reelection of CEO Pedro Pullen Parente for a two-year term in the Company's Exe...
Canacol Energy Announces 2P Reserves of 85 MMBOE
Colombia >> 3/27/2017 - Canacol Energy Ltd. (Canacol) (CNE) is pleased to report its light, medium and heavy crude oil and conventional natural gas reserves and deemed volumes for the fiscal year end December 31, 2016. The C...
Statoil Invests NOK 20 Billion in New Projects
Norway >> 3/27/2017 - New technology and project improvements trigger new investments on the Njord and Bauge fields in the Norwegian Sea. Statoil, on behalf of the partnerships in the licences, today submits the plans for ...
Poland Considers Building Floating LNG Terminal by 2021
Poland >> 3/27/2017 - Poland is considering building a second liquefied natural gas (LNG) terminal on the Baltic Sea by 2021 for about 700 million euros ($761 million), as a potential alternative to a planned gas pipeline ...
DNV GL Awards Shop Approval Certification to Ingeteam’s Converter Manufacturing Plant
Spain >> 3/27/2017 - Ingeteam, an independent global supplier of electrical conversion equipment, announced that it received DNV GL’s “Shop Approval in Renewable Energy” certification for its wind converter manufacturing ...
Wood Group Renews & Extends North Sea Contract with Premier Oil
United Kingdom >> 3/27/2017 - Wood Group has been awarded a $50 million contract with Premier Oil, to deliver topside operations and maintenance services to the Balmoral floating production vessel (FPV) in the Central North Sea an...
First Oil Flows from the Flyndre Field
United Kingdom >> 3/27/2017 - Production has begun from the Maersk Oil-operated Flyndre field in the UK and Norwegian North Sea. First oil began to flow at 20:00 hrs on Sunday 26 March, travelling 25 km via pipeline to the Repsol ...
Maersk Drilling Secures Contract for Jack-Up Maersk Gallant
United Kingdom >> 3/27/2017 - Maersk Drilling has been awarded a contract for the harsh environment jack-up rig Maersk Gallant, following a competitive tendering exercise by Nexen Petroleum U.K. Limited, a wholly owned subsidiary ...
McDermott to Use Integrated Software Platform for EPCI Solutions
United States >> 3/27/2017 - McDermott International, Inc. announced the planned implementation of a new software platform that is expected to improve efficiency and productivity throughout the lifecycle for McDermott’s global en...
$1.7 Billion Investment to Expand Total’s Petrochemicals Activities in Texas
United States >> 3/27/2017 - Total is entering a partnership with Borealis and Nova to form a joint venture with the aim of building an ethane steam cracker and a new Borstar® polyethylene unit on the US Gulf Coast. Total is expe...
Dow-DuPont Deal Wins Conditional Antitrust Approval From EU
United States >> 3/27/2017 - Dow Chemical Co. and DuPont Co. won European Union approval for a $77 billion merger, overcoming regulators’ concerns with hefty concessions, including the sale of large parts of DuPont’s global pesti...
TransCanada Receives Presidential Permit for Keystone XL
Canada >> 3/24/2017 - TransCanada Corporation (TransCanada) announced that the U.S. Department of State has signed and issued a Presidential Permit to construct the Keystone XL Pipeline. ...
Marubeni to Participate in Gas-Fired Power Plant in Jamaica
Jamaica >> 3/24/2017 - Marubeni Corporation (Marubeni) is pleased to announce its participation in the Old Harbour gas-fired power station (Old Harbour Project) in Jamaica through its 40% interest in the Jamaica Public Serv...
Statoil Makes Minor Oil & Gas Discovery Northeast of Gullfaks
Norway >> 3/24/2017 - Statoil Petroleum AS, operator of Gimle Unit and production licence 193, has completed the drilling of wildcat well 34/10-55 S. The well was drilled from the Gullfaks C platform to a structure east of...
EMGS Reports Approximately USD 3.7 Million in Sales
Norway >> 3/24/2017 - Electromagnetic Geoservices ASA (EMGS) has entered into agreements involving data licensing (prefunding and late sales) related to 3D EM data in the Barents Sea, Norway. The agreements represent reven...
Tethys Petroleum Limited to Cancel Listing in United Kingdom
United Kingdom >> 3/24/2017 - Tethys Petroleum Limited (Tethys) has applied to the United Kingdom Listing Authority (UKLA) to cancel the standard listing of the Company’s ordinary shares (the “Shares”) from the Official List of th...
Tethys Petroleum Limited to Cancel Listing in the United Kingdom
United Kingdom >> 3/24/2017 - Tethys Petroleum Limited (TPL) announces that it has applied to the United Kingdom Listing Authority ("UKLA") to cancel the standard listing of the Company's ordinary shares (the "Shares") from the Of...
Weatherford & Schlumberger to Form OneStim Joint Venture
United States >> 3/24/2017 - Weatherford and Schlumberger announced an agreement to create OneStimSM, a joint venture to deliver completions products and services for the development of unconventional resource plays in the United...
Bechtel & GE Hitachi Nuclear Energy Join Forces to Pursue Nuclear Plant Decommissioning
United States >> 3/24/2017 - Bechtel, a global leader in engineering, procurement, and construction, and the nuclear reactor technology pioneer GE Hitachi Nuclear Energy announced that the two companies have formed an alliance to...
Tecpetrol Launches the Development Plan of Fortin de Piedra
Argentina >> 3/23/2017 - Tecpetrol launches the development plan of Fortin de Piedra, in Vaca Muerta. It will require an investment of US $ 2.3 billion in the first phase until 2019. It provides for the drilling of 150 wells ...
Clarifications on the Libra Pilot Project
Brazil >> 3/23/2017 - Petroleo Brasileiro S.A., Petrobras and its partners are committed to implementing the production sharing agreement (PSA) for the Libra area, executed in 2013 and for which Libra Pilot, the first defi...
Sound Energy Drills Badile Exploration Well to 2nd Casing Point
Italy >> 3/23/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to announce that the Badile exploration well, onshore Italy, has now been drilled to the second casing point at a measur...
Eni Drills Successful Well Offshore Mexico
Mexico >> 3/23/2017 - Eni has successfully drilled the Amoca-2 well in the shallow waters of Campeche Bay, offshore Mexico, confirming the presence of oil in multiple reservoirs. ...
Statoil Receives Consent for Exploration Drilling in Block 7121
Norway >> 3/23/2017 - Statoil has received consent to drill exploration well 7121/8-1 in the Barents Sea. Statoil has received consent to drill exploration well 7121/8-1 in production licence 849. The well is to be drilled...
ExxonMobil Extends Life of Sigyn Field in the Norwegian North Sea
Norway >> 3/23/2017 - The Norwegian Petroleum Directorate has granted consent for continued use of the subsea facilities on the Sigyn field in the North Sea from the end of 2017 until the end of 2022. In its application, o...
Statoil Awarded New UK Exploration Licences
United Kingdom >> 3/23/2017 - Statoil was awarded six UK licenses, five as operator and one as partner, in the 29th Offshore Licensing Round, announced by the Oil and Gas Authority (OGA) today. ...

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.