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Kuwait to Start Heavy Oil Production by 2018
KW >>  12/7/2016 - Heavy oil production will begin in the end of the year 2018 with roughly 10 to 15 thousand barrels per day at Ratqa refinery, Chief Executive Officer (CEO) of Kuwait Oil Company (KOC) Jamal Jaafar sai...

Colombia Asset Acquisition
CO >>  12/20/2016 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an update on corporate activities in Colombia. ...

World Oil Supply - December 2016
AT >>  12/14/2016 - Preliminary data indicates that global oil supply increased by 0.53 mb/d m-o-m to average 96.84 mb/d in November. Non-OPEC oil supply is estimated to average 56.20 mb/d in 2016, a contraction of 0.78 ...

SPE International Heavy Oil Conference & Exhibition
KW >>  12/7/2016 - The third edition of the SPE Heavy Oil Conference and Exhibition taking place at the Hilton Kuwait Resort welcomed 781 delegates from 128 companies and 28 countries on its opening day. The three-day c...

CB&I Announces Award for Delayed Coker Unit
UK >>  12/1/2016 - CB&I (CBI) has been awarded a contract by Naftna Industrija Srbije (NIS) for the engineering, procurement and construction management of a delayed coker unit in Pancevo, Serbia. CB&I previously announ...

Statoil Starts Production Drilling on Mariner Field
UK >>  12/2/2016 - Production drilling has started on the Statoil operated Mariner field in the UK North Sea. Up to five wells will be drilled before the Mariner A platform hook up and commissioning activity starts next...

Nostra Terra Completed Acquisition of 80% in Pine Mills Field
US >>  11/29/2016 - Nostra Terra (NTOG) is pleased to announce the acquisition of an 80% Working Interest in certain oil and gas interests comprising the Pine Mills oil field (Pine Mills) and associated assets in Wood Co...

Baker Introduces Next Generation of Fluids Separation Technologies
US >>  11/9/2016 - Baker Hughes announced the commercial release of its TRETOLITE™ SNAP fluids separation technologies, designed to help oil and gas operators maintain dry oil and good water quality, while also stabiliz...

World Oil Supply - November 2016
AT >>  11/11/2016 - World liquids supply in October increased by 0.97 mb/d m-o-m to average 96.32 mb/d. Year-o-year, the global supply rose 0.88 mb/d. Non-OPEC supply in October, including OPEC NGLs, increased by 0.74 mb...

Key Drivers for 2017 Non-OPEC Supply Developments
US >>  11/7/2016 - In the US, total liquids production is forecast to pick up only marginally by the beginning of 3Q17, with minor growth of 30 tb/d to average 13.43 mb/d, while it is expected to decline by 0.16 mb/d on...

Chinese Refiner to Use Honeywell UOP Unicracking™ Technology
CN >>  10/27/2016 - Honeywell (HON) announced China’s Dongying Qirun Chemical Co., Ltd. will license Honeywell UOP’s Unicracking™ technology for the production of diesel and naphtha at its refinery in China’s Shandong Pr...

IFC Backs Sierra Leone Power Plant
SL >>  10/24/2016 - IFC, a member of the World Bank Group, announced a commitment of $27 million in senior debt to support the Western Area Power Generation Project in Sierra Leone—the first of its kind in the country. T...

Rosneft Acquires 49% of Essar Oil Limited by USD 12.9 bln
RU >>  10/15/2016 - Rosneft completes the signing of the Sale and Purchase Agreement for a 49% stake in Essar Oil Limited (hereinafter - “EOL”) from Essar Energy Holdings Limited and its affiliates. Rosneft Board of Dir...

World Oil Supply - October 2016
AU >>  10/12/2016 - World liquids supply in September 2016 increased by 1.46 mb/d m-o-m to average 96.4 mb/d, and grew by 0.95 mb/d compared to a year ago. The share of OPEC in the monthly increase was only 15%, while ...

Wood Group Wins Agreement for Suncor Energy Heavy Oil Well Pads
CA >>  10/11/2016 - Wood Group received the first project work authorization under a recently signed multiuse agreement with Suncor Energy, for work to be completed at its Firebag in-situ site in Alberta, Canada, approxi...


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