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Genel Energy Receives US$24 Million for Kurdistan Oil Exports
March 29, 2016
Genel Energy has confirmed receipt of payments of around US$24mln for crude oil exports from the Tawke and Taq Taq fields in the Kurdistan region of northern Iraq. The payments comprise US$11.29mln gross for Tawke, and US$12.6mln for Taq Taq.
Italy Oil and Gas Major Eni Plans Massive Cost Cuts, to Sell Assets Worth $8 Billion
March 29, 2016
Italy oil and gas major Eni is set to cut costs massively and sell assets worth billions, as part of its restructuring strategy to reduce the impact from falling crude oil prices. The state-owned oil major plans to raise $8bn
Vivakor to Supply Its Oil Extraction Technology to the Middle East
March 28, 2016
Vivakor Inc. is applying its oil extraction technology to the Middle East. Its proprietary, oil extraction technology and methodology can be utilized in the the Middle East for clean up operations. Remediation and reclamation is vital to day-to-day oil operations
Aegean Marine Petroleum Network Launches Bunkering Operation in Algoa Bay, South Africa
March 24, 2016
Aegean Marine Petroleum Network Inc. is launching a bunkering operation in Algoa Bay, near the port[s] of Port Elizabeth, South Africa and Coega, South Africa. Located within a few miles of heavily trafficked international shipping lanes, the new bunkering operation
Orbital Gas Systems Awarded IRIS Remote Telemetry Unit Systems Contract for UK’s National Grid
March 23, 2016
CUI Global, Inc.‘s wholly-owned United Kingdom (UK) energy subsidiary, Orbital Gas Systems Ltd., has been awarded a major contract from the UK’s largest natural gas transmission company, National Grid (NG), for delivery of its proprietary IRIS Remote Telemetry Unit (RTU)
Sundyne Adds Puffer Colombia to Its Global Team of Authorized Service Centers
March 23, 2016
Sundyne has added Puffer Colombia to its global team of Authorized Service Centers. With this appointment, Puffer is now the exclusive Sundyne representative providing sales and service for the company’s entire product portfolio to customers throughout Colombia. Puffer became a
Swedegas and Kanfer Plan for LNG Transport by Sea in Gävle Region, Sweden
March 23, 2016
Swedegas is examining the potential for establishing a gas infrastructure in the Gävle region. The company has signed a memorandum of understanding with Kanfer Shipping for a potential collaboration regarding transport of LNG (Liquefied Natural Gas) by sea as well
BP to Relocate Staff from Algeria Following Terrorist Attack on In Salah Gas and In Amenas Gas Plant
March 23, 2016
Energy majors BP and Statoil of Norway have planned to relocate some employees from their Algeria gas plants after terrorists attacked on one of the plants. BP along with Sonatrach of Algeria and Norway’s Statoil operate two gas plants, In
European Commission Approves Aid for Finnish LNG Terminal at Hamina
March 23, 2016
The European Commission has found that Finland’s plans to grant €28m to build a small scale liquefied natural gas (LNG) terminal at Hamina, on Finland’s South-East coast, are in line with EU state aid rules. The project improves security of
Challenger Energy Raises Funds to Advance Shale Gas Project in Karoo Basin, South Africa
March 23, 2016
Shale gas explorer Challenger Energy Ltd announced that it has received commitments from shareholders to raise $900,000 via a private placement at $0.03 each. Challenger Energy, through its South African subsidiary Bundu Gas and Oil Exploration Pty Ltd, is the
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