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Middle East Oil & Gas News

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' ...
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...
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...
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...
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 ...
Burning Less Oil at Home will Help Saudi Exports and Aramco IPO
Saudi Arabia >> 3/7/2017 - Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy pricoiles and uses more natural gas in power stations, industry sources s...
StocExpo Middle East Africa Promises Strong Conference Programme & Busy Exhibition
United Arab Emirates >> 3/6/2017 - Top regional oil companies, tank terminal operators, traders, financiers and regulatorsare confirmed to speak at StocExpo Middle East Africa, the region’s leading exhibition and conferenceto be held a...
ADNOC Distribution Opens Two New Marine Services Stations
United Arab Emirates >> 3/5/2017 - In line with the initiatives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, to ensure the highest quality of life for the people of the UAE and support the country’s sustain...
Wood Group Begins Detailed Engineering of Leviathan
Israel >> 3/2/2017 - Wood Group recently completed the seven month front end engineering design (FEED) for Noble Energy’s Leviathan Field Development Project in the Eastern Mediterranean Sea and has started the detailed e...
Qatar Fertilizer Company Awards Five-year Scaffolding Contract to Cape
Qatar >> 3/2/2017 - Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, announces that its Qatar operations have been awarded a five-year framew...
Cape Signs Five-year Contract with QAPCO
Qatar >> 3/2/2017 - Cape plc (CIU.LN), an international leader in the provision of critical industrial services to the energy and natural resources sectors, announces its Qatar operations have been awarded a five-year fr...
Polarcus Secures Further Extension to South American Campaign
United Arab Emirates >> 3/2/2017 - Reference is made to the stock exchange release issued on 08 February 2017 in which Polarcus Limited (PLCS) announced an award for an extension of the 3D marine seismic project in South America with a...
Siemens to Supply Gas Turbines to Oman's Liwa Plastics Complex
Siemens to Supply Gas Turbines to Oman's Liwa Plastics Complex Oman >> 3/1/2017 - Siemens and its Dresser-Rand business will supply two gas turbine-driven compressor trains and two gas turbine generator packages for the Liwa Plastics Industries Complex, a major petrochemical projec...
Middle East Oil Demand - February 2017
Middle East Oil Demand - February 2017 Saudi Arabia >> 3/1/2017 - In Saudi Arabia, December 2016 oil demand recorded a decline of around 80 tb/d or 3.5% y-o-y. Total consumption in the country stood at 2.21 mb/d, the lowest monthly total consumption for the month of...
Marubeni Signs PPA for 1.18GW Sweihan Solar Plant in UAE
United Arab Emirates >> 3/1/2017 - Marubeni Corporation (“Marubeni”) announces that Marubeni and JinkoSolar Holding Co., Ltd (“JinkoSolar”) have signed a power purchase agreement (“PPA”) with Abu Dhabi Water and Electricity Company (“A...

Africa Oil & Gas News

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...
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...
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 ...
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...
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...
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...
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...
AFC Invests $25m in Egypt's Carbon Holdings
AFC Invests $25m in Egypt's Carbon Holdings Egypt >> 3/10/2017 - Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced it is to invest US$25 million in Egyptian petrochemicals compa...
ExxonMobil to Acquire 25% Interest in Mozambique Area 4 from Eni
Mozambique >> 3/9/2017 - ExxonMobil and Eni have signed sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. Eni curren...
Wentworth Resources Updates Tanzania Reserves
Tanzania >> 3/9/2017 - Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is pleased to announce the results of an independent evaluation of the gas r...
Chevron Starts Production at Mafumeira Sul Offshore Angola
Angola >> 3/8/2017 - Chevron Corporation announced that its subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited, has commenced oil and gas production from the main production facility of the Mafumeira Sul project offsho...
Talks with the Minister of Energy & Mines of Peru
Talks with the Minister of Energy & Mines of Peru Egypt >> 3/8/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Gonzalo Francisco Flores, Peruvian Minister of Energy & Mines to discuss the possibilities of exchanging information and exper...
Rosneft Buys Egyptian Crude for First Time in Tender
Rosneft Buys Egyptian Crude for First Time in Tender Egypt >> 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...
Nigeria Could Triple Gas Reserves if NLNG Expansion Goes Ahead
Nigeria >> 3/8/2017 - Nigeria Liquefied Natural Gas Company (NLNG) could unlock three times as much gas as the country's proven reserves and create hundreds of thousands of jobs if it goes ahead with a proposed expansion p...
Aminex Confirms Successful Ntorya-2 Well Test
Tanzania >> 3/8/2017 - Aminex is pleased to confirm that the Ntorya-2 appraisal well has now been successfully tested and is being suspended for future production. Ntorya-2 was drilled in the onshore Ruvuma Basin of souther...
The Minister Participates in the PDAC 2017 International Convention in Canada
The Minister Participates in the PDAC 2017 International Convention in Canada Egypt >> 3/7/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources participated in this year's Prospectors and Developers Association of Canada (PDAC) Annual Convention at the Canadian city, Toronto. ...
Ghana Mulls Doubling Capacity of Planned 2nd Oil Refinery
Ghana >> 3/7/2017 - The operator of Ghana’s sole oil refinery said the planned capacity of a proposed second plant could be doubled as the West African nation targets exports to neighboring countries. Tema Oil Refinery w...
Nigeria Seeks Return to Strong Growth with Sweeping Reform Plan
Nigeria >> 3/7/2017 - Nigeria unveiled a sweeping economic recovery plan, including measures to reduce its dependence on oil and to relax foreign exchange restrictions, in a drive to pull Africa's largest economy out of it...
Cairn Energy Reports Results of Successful Appraisal Well SNE-5
Senegal >> 3/7/2017 - Cairn is pleased to announce the results of the SNE-5 appraisal well offshore Senegal where operations have been safely and successfully completed ahead of schedule and under budget following drilling...

Asia Oil & Gas News

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. ...
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...
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...
Li Yunpeng Appointed Vice President of Sinopec Group
China >> 3/20/2017 - Li Yunpeng was appointed Deputy Secretary of the Party Committee of Sinopec Group and Vice President of Sinopec Group.
L&T Hydrocarbon Wins (USD 245 Million) Contract from ONGC
India >> 3/20/2017 - L&T Hydrocarbon Engineering Limited (LTHE), a whollyowned subsidiary of Larsen & Toubro, has bagged an offshore contract for the Neelam Re-Development & B173AC Project from the Oil & Natural Gas Corpo...
Berkshire's Lubrizol to Take Majority Stake in India JV
India >> 3/20/2017 - Lubrizol Corp, the specialty chemicals unit of Warren Buffett's Berkshire Hathaway Inc, said it plans to take majority control of its Indian joint venture with state-run Indian Oil Corp, boosting its ...
Indonesia Plans to Sue Thailand's PTTEP Over 2009 Oil Spill
Indonesia >> 3/20/2017 - Indonesia is preparing to sue a unit of Thailand's PTT Exploration and Production (PTTEP) over alleged environmental damage from the Montara oil spill in 2009, the country's Coordinating Maritime Affa...
Iran Begins Oil Recovery from South Pars Oil Layer
Iran >> 3/19/2017 - Iran says it has started pumping oil from the oil layer of South Pars gas field. Deputy Managing Director of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholam-Reza...
France's Total Seeks Stake in $4b Iranian Gas Field Project
Iran >> 3/18/2017 - Total is seeking a 50 per cent stake in a $4 billion project in Iran's giant South Pars gas field, the French energy firm said in a regulatory filing on Friday detailing talks held with Iranian offici...
CNPC & Sichuan Government Sign Strategic Cooperation Agreement
China >> 3/17/2017 - CNPC signed a strategic cooperation agreement with Sichuan provincial government in Beijing. Under the agreement, CNPC and Sichuan Government will jointly promote the company's business in Sichuan, co...
Construction Completion Ceremony Held for the Yabase Oil Field Demonstration Plant
Japan >> 3/17/2017 - INPEX CORPORATION (“INPEX”, President & CEO: Toshiaki Kitamura), Chiyoda Corporation (Vice President: Keiichi Nakagaki) and METAWATER Co., Ltd. (“METAWATER”, President: Yasushi Nakamura) (referred to ...
Gazprom Neft Building a Hydrogen Production Facility at Its Omsk Refinery
Russia >> 3/17/2017 - Gazprom Neft has begun construction of a standalone 12,300-tonne-per-year-capacity hydrogen production unit at its Omsk Refinery. This processing facility will provide high-purity (99.9 percent) hydro...
Russia to Add More Gasoline Refining Capacity in 2017
Russia >> 3/17/2017 - Five Russian refineries are expected to finish upgrades of their gasoline production units this year, with the new capacity potentially allowing Russia to boost exports of high-octane gasoline, accord...
BP Sends Second Shah Deniz 2 Platform Jacket Offshore
Azerbaijan >> 3/16/2017 - The Shah Deniz consortium has announced the sail away of the second jacket for the Shah Deniz Stage 2 platforms. The Quarters and Utilities (QU) platform jacket sailed away to the Shah Deniz contract ...
New Joint Project by Baku Higher Oil School and BP
Azerbaijan >> 3/16/2017 - In the frames of cooperation between Baku Higher Oil School (BHOS), BP and Twenty Eighty Execution company, the opening ceremony of the School of Project Management (SPM) was held. The event gathered ...
Indonesia Replacing Saudi LPG with Iran Imports
Indonesia >> 3/16/2017 - Indonesia is expecting to increase liquefied petroleum gas (LPG) imports from Iran, director general of oil and gas at the South Asian country’s Energy and Mineral Resources Ministry, Wiratmaja Puja, ...
OPEC Expects Growth in 2017 Non-OPEC Oil Supply
Iran >> 3/16/2017 - Preliminary data indicates that the world’s oil supply decreased in February by 0.21 million barrels per day, as compared to January to average 95.88 million barrels per day, OPEC said in its March Oi...
Gazprom Neft Signs MoU On Strategic Partnership With Russia’s Largest Software Developer 1c Company
Russia >> 3/16/2017 - Gazprom Neft has signed a Memorandum of Understanding on Strategic Partnership in Information Technologies with Russia’s largest software developer, 1C Company. The agreement was signed in St Petersbu...
Lukoil Named Best Supplier for Automotive Concerns in Russia
Russia >> 3/16/2017 - LUKOIL Lubricants Company has received the "Best Supplier 2016" award in the Russia Automotive Forum (RAF) for its contribution to the Russian motor lubricants industry. The awarding ceremony was held...
Indonesia Picks Plantations Firm Head As Pertamina CEO
Indonesia >> 3/15/2017 - Indonesia has chosen Elia Massa Manik, head of the state holding company for the plantations industry, as the new chief executive of state energy firm Pertamina sources said on Wednesday. ...

Global Oil & Gas News

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...
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...
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...
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. ...
Yokogawa & Cosasco Sign Sale Agreement for ISA100 Wireless Products
Yokogawa & Cosasco Sign Sale Agreement for ISA100 Wireless Products United States >> 3/23/2017 - Yokogawa Electric Corporation has signed a mutual sales agreement with Rohrback Cosasco Systems, Inc., a leading US-based manufacturer of corrosion monitoring systems and equipment. Under this agreeme...
Statoil Awards 13 Leases in US Gulf of Mexico
United States >> 3/23/2017 - Statoil resets its exploration in the Gulf of Mexico and was today deemed high bidder on 13 leases in the 2017 Central Lease Sale. Statoil successfully bid on 13 leases in the US Department of the Int...
Dril-Quip, Inc. to Present At Scotia Howard Weil Energy Conference
United States >> 3/23/2017 - Dril-Quip, Inc. (DRQ) announced that Blake T. DeBerry, President and Chief Executive Officer and Jerry M. Brooks, Vice President of Investor Relations, will deliver a presentation at the 45th Annual S...
Technip Oceania PPU Win For EnerMech In Australia
Australia >> 3/22/2017 - EnerMech has been awarded a pre-commissioning subcontract by Technip Oceania Pty Ltd, part of TechnipFMC in Australia, on the Shell Australia operated Prelude FLNG project. The work scope includes the...
Jacobs to Lead Concept Design for New Agribusiness Innovation Hub in Australia
Australia >> 3/22/2017 - Jacobs Engineering Group Inc. (JEC) has been appointed by Fucheng Investment Australia (FIA) to lead the conceptualization, planning and design of a regional center of agribusiness innovation in Austr...
Maersk Welcomes Agreement Encouraging a Full Redevelopment of Tyra Field
Denmark >> 3/22/2017 - Maersk Oil has, on behalf of the Danish Underground Consortium (DUC), reached an agreement with the Government of Denmark which will facilitate future oil and gas investments in the Danish North Sea a...
PGS has completed its newbuild program
Norway >> 3/22/2017 - PGS has completed its newbuild program and has a fleet that is stronger than ever. Ramform Hyperion was celebrated in a naming ceremony at the Mitsubishi Heavy Industries Shipbuilding Co. yard in Naga...
Update on Acquisition of Wytch Farm, Scott & Telford Interests
United Kingdom >> 3/22/2017 - RockRose Energy announced on 22nd December 2016 that it had signed sale and purchase agreements with Maersk Oil North Sea UK to acquire its non-operated interests in the Wytch Farm, Scott and Telford ...
Gastar Exploration Acquires STACK Leasehold
United States >> 3/22/2017 - Gastar Exploration Inc. (Gastar) has completed the acquisition of additional working and net revenue interests in approximately 66 gross (9.5 net) producing wells and 5,670 net acres of additional STA...
Yokogawa Releases CENTUM VP R6.04 Integrated Control System
Yokogawa Releases CENTUM VP R6.04 Integrated Control System United States >> 3/22/2017 - Yokogawa Electric Corporation will be releasing an enhanced version of its CENTUM® VP integrated production control system on March 23. The enhancements in this latest release, R6.04, include a new in...
Shell to Drill New Wells by End-2018 to Shore up Australia Gas Supply
Australia >> 3/21/2017 - Royal Dutch Shell said it will drill 161 new gas wells at its Queensland operations by the end of 2018, helping to underpin its promise to continue supplying 10 percent of the domestic gas market to ...
Siemens Launches New 44-megawatt Aeroderivative Gas Turbine
Denmark >> 3/21/2017 - A product has been added to the Siemens gas turbine portfolio: The SGT-A45 TR mobile unit addresses the growing market for fast power. With an electrical generating capacity of up to 44 megawatts, thi...
Aker Solutions Secures FEED Contract for Johan Sverdrup Project
Aker Solutions Secures FEED Contract for Johan Sverdrup Project Norway >> 3/21/2017 - Aker Solutions secured a front-end engineering and design (FEED) contract from Statoil for the second phase of the major Johan Sverdrup development offshore Norway. ...
Kvaerner Awarded Jacket FEED Study for Johan Sverdrup Phase 2
Norway >> 3/21/2017 - Kvaerner has signed a contract with Statoil for delivery of a FEED study on Johan Sverdrup Phase 2 for P2 Jacket. The work will be performed by Kvaerner's specialised design engineering group for stee...
Statoil Proceeding with Phase 2 of Johan Sverdrup Development
Norway >> 3/21/2017 - The Johan Sverdrup partnership has now decided to proceed with (DG2) Phase 2 of the Johan Sverdrup development, awarding FEED contracts to Aker Solutions, Kvarner and Siemens. Phase 1 of Johan Sverdru...
Touchstone Announces Reduction in East Brighton Letter of Credit
Trinidad and Tobago >> 3/21/2017 - Touchstone Exploration Inc. (TXP) announces that the Trinidad and Tobago Minister of Energy and Energy Industries (MEEI) approved a reduction of the Company’s letter of credit supporting required work...
IGas Energy Granted Approval to Drill for Shale Gas at Tinker Lane in Nottinghamshire
United Kingdom >> 3/21/2017 - IGas, a leading UK onshore oil and gas explorer and producer, says it welcomes Nottinghamshire County Council's Planning and Licensing Committee decision to grant planning consent for the application ...
Subsea 7 Awarded EPCI Contract for Mad Dog 2 Project
United States >> 3/21/2017 - Subsea 7 has been awarded a large contract by BP as part of the deepwater Mad Dog 2 development, located approximately 190 miles south of New Orleans. The contract scope covers engineering, procuremen...
Marathon Oil Acquires $700 Million Northern Delaware
United States >> 3/21/2017 - Marathon Oil Corporation announced the signing of a definitive agreement to acquire approximately 21,000 net surface acres largely in the Permian's Northern Delaware basin of New Mexico from Black Mou...
Oxea Corporation Awards Jacobs Construction Management Contract
United States >> 3/21/2017 - Jacobs Engineering Group Inc. (JEC) has been awarded a construction management (CM) contract from Oxea Corporation for a Propanol Expansion project at its manufacturing site at Bay City, Texas. Propan...
Bristow Forms New Search and Rescue Consortium
United States >> 3/21/2017 - Bristow U.S. LLC announced that it has been awarded a contract with Shell Offshore, Inc., a subsidiary of Royal Dutch Shell (Shell), for medevac and search and rescue (SAR) services in the Gulf of Mex...
WFS & Seatronics Demonstrate Drone-to-ROV Wireless Communications
United States >> 3/21/2017 - Subsea wireless automation provider WFS Technologies, and marine rental equipment specialist Seatronics Inc, an Acteon company, demonstrated Drone-to-ROV wireless communications at a Subsea Internet o...
PetroRio Closing of Brasoil Acquisition
Brazil >> 3/20/2017 - PetroRio, ( (BM&FBOVESPA: PRIO3), in connection with the Material Facts dated December 21, 2016, January 02, 2017, February 10, 2017, February 27, 2017 and March 07, 2017, hereby informs its sharehold...
Wantong Petrochemical Is First To Use Honeywell Hydrotreating Catalyst
Norway >> 3/20/2017 - Honeywell (HON) announced that Wantong Petrochemical Group is producing ultra-low sulfur diesel fuel using Honeywell UOP’s new high-activity HYT-6219 hydrotreating catalyst. ...
Atlas Copco Appoints Henrik Elmin President of Industrial Technique Business Area
Sweden >> 3/20/2017 - Atlas Copco, a leading provider of sustainable productivity, has appointed Henrik Elmin as President of the Industrial Technique business area, starting May 1, 2017. He is currently President of the I...
Touchstone Announces 2016 Reserves
Trinidad and Tobago >> 3/20/2017 - Touchstone Exploration Inc. (TXP) announces the results of the independent December 31, 2016 reserve evaluation (the Reserves Report) with respect to the Company’s crude oil reserves in the Republic o...
All-Energy 2017 (with Smart Urban Mobility Solutions – SUMS 2017)
All-Energy 2017 (with Smart Urban Mobility Solutions – SUMS 2017) United Kingdom >> 3/20/2017 - Event: All-Energy 2017 (with Smart Urban Mobility Solutions – SUMS 2017) ...
Borr Drilling Intends to Acquire 15 High-Specification Jack-Up Rigs from Transocean
United States >> 3/20/2017 - Borr Drilling Limited is pleased to announce the signing of a letter of intent with transocean for the acquisition of 15 high-specification jack-up rigs. The transaction consists of Transocean’s entir...
CPECC & Sunshine Oilsands Sign MoU for West Ells Phase II Project Expansion
Canada >> 3/19/2017 - Sunshine Oilsands Ltd. and China Petroleum Engineering & Construction Corporation (CPECC) have signed a Memorandum of Understanding (MOU) in relation to the West Ells Phase II (Phase II) project expan...
Drilling of Vaca Muerta Oil Resource Play
Argentina >> 3/17/2017 - Madalena Energy Inc. (MDLNF) is pleased to announce the commencement of the first horizontal multi-frac re-entry (the Re-entry Program) in the Vaca Muerta shale formation at Coiron Amargo Sur Este (CA...
EIG Receives FIRB Approval for Investment in Senex
Australia >> 3/17/2017 - On 1 February 2017, Senex announced a strategic arrangement with EIG Global Energy Partners (EIG), including welcoming EIG as a substantial shareholder. Senex also announced it had conducted a success...
Senex Accelerates Cooper Basin Gas Production with Grant Funding
Australia >> 3/17/2017 - Senex Energy has announced it will accelerate the delivery of gas from its Vanessa field in the Cooper Basin with the approval of $5.82 million in funding through the South Australian Government’s PAC...
Brazil Assets Acquisition Update
Brazil >> 3/17/2017 - Karoon Gas Australia Ltd (Karoon) would like to provide an update with respect to the disposal by Petroleo Brasileiro S.A. (Petrobras) of the Bauna and Tartaruga Verde fields following the 15 March 20...
Cyprus Approves Eni, Total, Exxon Offshore Block Deals
Cyprus >> 3/17/2017 - Cyprus's cabinet approved contracts with France's Total, Italy's Eni , Exxon Mobil and Qatar Petroleum to explore for oil and gas in offshore areas south of the island. ...
Statoil Awards Njord Contract
Norway >> 3/17/2017 - Statoil, on behalf of the partners in the Njord licence, today awards an EPC contract to Kv?rner for the upgrade of the Njord A platform in the Norwegian Sea. The EPC (engineering, procurement, constr...
Aker Solutions Secures NOK 1 billion in Work for Njord A Upgrade
Norway >> 3/17/2017 - Aker Solutions will provide design engineering for the upgrading of the semi-submersible Njord A platform in Norway.The company will as a subcontractor of Kvaerner take part in upgrading the platform ...

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