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Oil Price Backs Off Again as Spotlight Sharpens on OPEC
March 18, 2016
Brent crude prices backed off again on Tuesday as oil traders lost some confidence in the prospect of the oversupply easing. In London, Brent crude traded down 2.3 percent to US$38.64 a barrel, while West Texas Intermediary futures lost 2.7
Unitel Technologies Awarded Catalyst Development and Testing Program in Southeast Asia
March 16, 2016
Unitel Technologies, Inc. has been awarded a contract to supply two Octave catalyst research systems for an oil company in Southeast Asia. This follows Unitel’s recent project in Malaysia that included a technology license and the front end engineering and
Emerson Technology and Expertise to Support Maersk Oil’s Culzean Project, North Sea
March 16, 2016
Emerson Process Management, a global business of Emerson, has been awarded a contract to automate the Maersk Oil Culzean gas field development in the North Sea. One of the largest gas discoveries in the area, the Culzean field is expected
KBR-SOCAR JV Receives PMC Contract for $1 Billion Baku Oil Refinery Upgrade Project, Azerbaijan
March 16, 2016
KBR and State Oil Company of Azerbaijan (SOCAR) joint venture has received a project management consultancy (PMC) contract for modernization of the Heydar Aliyev Baku oil refinery in Azerbaijan. The contract marks the first award to the joint venture, which
Eni Completes First Production Test at Zohr Gas Field, Offshore Egypt
March 16, 2016
Italian multinational oil and gas company Eni has completed production testing of the first appraisal well of Zohr gas field located offshore Egypt. Located in the Mediterranean Sea in the Shorouk concession, the Zohr field is estimated to hold up
Eni Begins Production at Goliat Oil Field, Offshore Norway
March 16, 2016
Italian energy group Eni has commenced production from the Goliat oil and gas field offshore northern Norway. Located in the production license 229 in the Barents Sea north of Russia and Norway, the Goliat oil field has the capacity to
Shell Starts Production from Third Phase of Parque das Conchas Project, Brazil
March 16, 2016
Royal Dutch Shell and its joint venture partners have commenced production from the third and final phase of the Parque das Conchas (BC-10) development located in the north of the Campos Basin, offshore Espirito Santo state, Brazil. Shell estimates the
Range Resources Limited Spuds New Well at Morne Diablo Oil Field, Trinidad
March 16, 2016
Range Resources Limited revealed the MD 250 development well at the Morne Diablo field, Trinidad, was successfully spudded on March 10 using a new 4,000 meter rig. The well is drilling ahead to a total depth of 4,150 feet and
Mosman Oil and Gas’ Amadeus Basin Gas Project Showing Huge Potential, Australia
March 16, 2016
Mosman Oil and Gas Limited’s Amadeus Basin project may contain a huge amount of unconventional gas according to a new independent report. The oil and gas explorer owns and operates two permits (EP 145 & 156) in the area and
GlobalData Report: Oil and Gas Sector in Falkland Islands Continues to Advance
March 16, 2016
The oil and gas sector in the Falkland Islands is witnessing a steady increase even as the industry continues to face several challenges, as observed by a new report from GlobalData, titled ‘Falkland Islands Steadily Advances Towards First Oil’. With
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