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Globaldata Report: UK to Dominate North Sea Crude and Gas Projects by 2025
April 15, 2016
UK will dominate the new crude and natural gas projects in the North Sea region by 2025, according to a report from Globaldata. Out of 36 projects expected to be operational in the region, 25 are in the UK, followed
Victoria Oil Secures $26 Million to Fund Logbaba Gas Field Expansion, Africa
April 15, 2016
Victoria Oil & Gas Plc has arranged a US$26mln debt facility to fund a 30 percent expansion of production at the Logbaba gas field in Cameroon. Gaz Du Cameroun, Victoria’s local subsidiary, has arranged the loan with BGFIBank Cameroon. The
Argus and Spimex Launch Oil Product Netbacks for Three Vast Areas in Russia
April 13, 2016
Argus and Spimex have launched netback price indexes for refined products in Russia in line with recommendations by the country’s federal anti-monopoly service FAS. The new indexes developed jointly by Argus and Spimex are derived from Argus’ assessments for oil
Danish Energy Agency Awards 16 Oil and Gas Exploration Licenses in North Sea
April 13, 2016
The Danish Energy Agency has awarded 16 licenses for oil and gas exploration in the North Sea in the seventh bidding round. A total of 12 companies have been offered the new licenses to make new discoveries over six-year period
Neste Commissions CO2 Recovery and Liquefaction Plant, Singapore
April 13, 2016
A carbon dioxide (CO2) recovery and liquefaction plant built at Neste’s renewable products refinery in Singapore has started commercial operation. Since the completion of its construction at the end of 2015 and start-up at the end of March 2016, the
Gazprom Improves Oil Recovery at Orenburg Field Russia with Multistage Fracking, Russia
April 13, 2016
Gazprom Neft has conducted five multistage fracking operations to improve recovery rate in the eastern part of Orenburg oil and gas-condensate field in southwestern Russia. The company said that the fracking operations, combined with new technologies, led to a 50
GE Starts Production of Flexible Risers for Shell’s Prelude FLNG Project, Offshore Australia
April 13, 2016
GE Oil & Gas has started production of four high pressure, high temperature (HP/HT) dynamic flexible risers destined for the world’s largest floating liquefied natural gas (FLNG) facility, Prelude, to be operated by Shell, located 250km off the coast of
TAPI Natural Gas Pipeline Project to Invest $200 Million for Engineering and Route Surveys
April 13, 2016
The shareholders of the Turkmenistan, Afghanistan, Pakistan and India (TAPI) project have signed an agreement to invest $200m in studies and engineering for the $10bn natural gas pipeline project. The funding will be used for detailed engineering and route surveys,
India to Invest $20 Billion in Iranian Oil and Petrochemicals Projects
April 13, 2016
India is planning to invest as much as $20bn in oil, petrochemicals and fertilizer projects in Iran in order to import more crude to meet its demand. Indian Oil Minister Dharmendra Pradhan made the investment offer to Iranian counterpart Bijan
Gulf Keystone Petroleum Receives $15 Million for Crude Oil Exports from Kurdistan Regional Gov’t
April 13, 2016
Gulf Keystone Petroleum Ltd has confirmed the receipt of crude oil payments for exports in March. The company told investors that a US$15mln gross payment was received for the Shaikan field, in the Kurdistan region of northern Iraq. GKP said
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