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Rosneft Buys Egyptian Crude for First Time in Tender
EG >>  3/8/2017 - The trading arm of Russia's state oil firm Rosneft bought three cargoes of Egypt's heavy sour Ras Gharib grade, the first time the company has bought Egyptian crude. Geneva-based Rosneft Trading won t...

Rosneft & Eni to Extend Cooperation in Russia and Abroad
RU >>  5/17/2017 - Rosneft and Eni S.p.A. entered into a Cooperation extension agreement in the areas of upstream, refining, marketing and trading during the visit of an Italian delegation to Russia. The document was si...

Heerema Fabrication Awarded Peregrino II Jacket Contract
BR >>  5/16/2017 - Heerema Fabrication Group has been awarded the Procurement & Construction contract of the Peregrino II Jacket by South Atlantic Holding B.V. on behalf of the Statoil Peregrino II project. ...

PDO’s Miraah Project to Begin Operations from August 2017
OM >>  5/14/2017 - Oman’s Miraah solar thermal project is expected to begin its first phase operation from as early as August this year, according to a top official at Petroleum Development Oman (PDO). ...

World Oil Supply - May 2017
AT >>  5/11/2017 - Preliminary data indicates that world oil supply fell by 0.41 mb/d in April to average 95.81 mb/d. However, global oil production was 831 tb/d higher than a year ago and increased by 363 tb/d y-o-y in...

Africa Oil Supply - April 2017
CG >>  5/9/2017 - In 2016, oil output in Africa is estimated to decline by 30 tb/d, to average 2.10 mb/d. Most African countries saw an oil production decline in 2016, which were partially offset by growth that came fr...

Major Enhanced Oil Recovery Projects Still On track
OM >>  5/2/2017 - Majority state-owned Petroleum Development Oman (PDO) says it still sees in excess of a quarter of crude oil production coming from Enhanced Oil Recovery (EOR) despite the relatively high capital cost...

Steam Oil Signs Agreement for Offshore Steam Flooding Project
UK >>  5/2/2017 - The Steam Oil Production Company (Steam Oil) has entered into a cooperation agreement with FluidOil, the independent international heavy oil technology company, to explore the potential of integrating...

Honeywell Wins Technology Licensing Contract in Nigeria
NG >>  4/27/2017 - UOP LLC, a division of Honeywell International Inc., has won a contract from Dangote Oil Refinery Company Ltd. for critical equipment, technology licensing and design services for a world-scale integr...

YPF & PentaNova Partner to Develop the Llancanelo Block
AR >>  4/19/2017 - Miguel Gutierrez, president of YPF, and Warren Levy, a pair of Patagonia Oil Corp, an affiliate of PentaNova Energy Corp, signed a terms and conditions agreement for the development of the Llancanelo ...

World Oil Supply - April 2017
AT >>  4/12/2017 - Preliminary data indicates that the world’s oil supply decreased in March by 0.23 mb/d m-o-m to average 95.82 mb/d, higher by 0.22 mb/d, y-o-y. ...

Crude Spill Hits Venezuela Oil Port
VE >>  3/29/2017 - Venezuelan state oil company PDVSA confirmed reports of a crude spill from a pipeline connecting its main oil-exporting complex with a tanker loading facility, but said shipments have not been affecte...

Canacol Energy Operational Update in Colombia
CO >>  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. ...

Schlumberger Opens New Center of Excellence for Production Chemicals
US >>  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...

Steam Oil Offers four Blocks in 29th UKCS Seaward Licensing Round
UK >>  3/23/2017 - On the 23rd of March 2017 the Oil and Gas Authority announced the results of the 29th Seaward Licensing Round. The Steam Oil Production Company had applied for four part blocks surrounding the Pilot f...


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