NEWS — Click on text to read news by category: General | Product | People | Worldwide
Platts Survey: OPEC Pumped 32.38 Million Barrels of Crude Oil Per Day in March
April 12, 2016
Oil production from the Organization of the Petroleum Exporting Countries (OPEC) rose by 40,000 barrels per day (b/d) to 32.38 million b/d in March, driven by sanctions-free Iran, according to the latest survey of OPEC and oil industry officials and
Mosman Oil & Gas Reducing Costs Amid Oil Price Slide
April 12, 2016
Oil and gas explorer Mosman Oil and Gas Limited continues to pare down the business in the light of low oil prices and is on the hunt for further acquisitions. It is in a sound financial position, with A$4.9mln in
Eni-led Consortium Secures New Exploration License in Tano Basin, Offshore Ghana
April 12, 2016
A consortium comprising Ghana National Petroleum (GNPC), Explorco, Vitol, Eni and Woodfields has secured new exploration license in Cape Three Points Block 4 located in the Tano basin, offshore Ghana. Awarded following the ratification of the Parliament of the Republic
Bourbon to Acquire Gas Transport Businesses from Jaccar, Singapore
April 8, 2016
French oil services company Bourbon has agreed to acquire gas transport activities from Jaccar for $320m, diversifying into ethane shipping markets. The acquisition is a part of Bourbon’s effort to take advantage of growth in the gas sector and reduce
Statoil Begins Construction on Johan Sverdrup Oil Platform in Norwegian North Sea
April 8, 2016
Norwegian oil and gas company Statoil and its partners have started construction on the Johan Sverdrup utility and living quarters platform on the island of Stord, north of Stavanger, Norway. The Johan Sverdrup field is estimated to have initial production
Range Energy Resources Set to Move Its Shewashan-2 Oil Well Toward Production, Iraq
April 7, 2016
Range Energy Resources Inc. is set to move its Shewashan-2 well toward production after successful testing. Gas Plus Khalakan (GPK), the sole contractor of the Khalakan PSC stated that the deviated Shewashan-2 well was spudded on October 1, 2015 and
Maersk Oil to Close Its Houston Office in Texas, Puts Its Chissonga Project in Angola on Hold
April 6, 2016
In view of the continued challenging market conditions for deepwater developments, Maersk Oil plans to reduce its organizations in Angola and the US. The move will result in the closure of the company’s Houston office and a reduction of the
Changfeng Energy Enters Gas Supply Contract with CNOOC, China
April 6, 2016
Changfeng Energy Inc.‘s wholly owned subsidiary, Sanya Changfeng Offshore Natural Gas Distribution Co., Ltd. has finalized and signed the gas supply contract with Hainan Fuel Chemical Co., Ltd., a subsidiary of China National Offshore Oil Corporation (CNOOC). A gas quota
Bahrain’s Nogaholding to Invest $570 Million for Expansion Projects, New LNG Import Terminal
April 6, 2016
Bahrain’s oil investment company Nogaholding is taking a $570 million Islamic loan to pay for expansion projects, including improvements to the island nation’s only refinery and construction of a liquefied natural gas import terminal. The company arranged the five-year Murabaha
BP and China National Petroleum to Develop Neijiang-Dazu Shale Gas Block in Sichuan Basin
April 6, 2016
BP has signed a production sharing contract (PSC) with China National Petroleum (CNPC) for shale gas exploration in the Neijiang-Dazu block in the Sichuan Basin. Under the terms of the deal, which represents BP’s first shale gas deal in the
Page 147 of 165 pages ‹ First < 145 146 147 148 149 > Last ›
