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War Between Saudi Arabia and Iran Could Send Oil Prices to $250
January 19, 2016
The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East. First, the
Isramco and Partners Discover Large Natural Gas Field, Offshore Israel
January 19, 2016
Located at the Daniel East and West licenses off the Israel’s coast, the field is estimated to have potential reserves of 8.9 trillion cubic feet of gas. A group led by Isramco Negev and Modiin Energy has reportedly discovered a
Rockhopper Exploration Upgrades Plans for First Phase of Sea Lion Oil Field, North Falkland Basin
January 19, 2016
Rockhopper Exploration has revealed that plans have been upgraded for the first phase of the Sea Lion oil field development, in the North Falkland basin. The oil field’s first phase will now address some 220mln barrels of oil, rather than
Unitel Technologies to Provide FEED Contract for Korea Gas’ LNG Plants
January 18, 2016
Unitel Technologies, Inc. has been selected by Korea Gas Technology Corporation (KOGAS-Tech) to conduct the front end engineering and design (FEED) program to commercialize a creative small-scale LNG business opportunity. Korea Gas (KOGAS) is currently the world’s largest importer of
Premier Oil to Acquire E.ON’s Oil and Gas Assets for $120 Million, UK North Sea
January 15, 2016
Premier Oil has signed an agreement to acquire UK North Sea oil and gas assets from German utility E.ON for $120m. Under the terms of the agreement, Premier Oil will acquire assets located in the Central North Sea, West of
Range Resources Receives Approval for Beach Marcelle Waterflood Oil Project, Onshore Trinidad
January 15, 2016
Range Resources has now received approval to go ahead with the Beach Marcelle waterflood project, onshore Trinidad. It is going to be the largest water-flood project to be undertaken in recent times in Trinidad, and it is expected to be
Emerson to Automate Massive Tahrir Petrochemicals Project in Egypt
January 14, 2016
Emerson Process Management has been selected to provide automation and reliability technologies and services for Carbon Holdings’ Tahrir Petrochemicals Project at Ain Sokhna, Egypt. Emerson’s initial scope of work is estimated at $150 million. When completed, the approximately $6.9 billion
Halliburton and Baker Hughes Respond to European Commission Action
January 14, 2016
Halliburton Company and Baker Hughes Incorporated have noted the decision by the European Commission to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This decision is a normal step in the Commission’s review process, and the
Bechtel Nears Completion of LNG Project on Curtis Island with Australia Pacific LNG, Australia
January 13, 2016
All three of Bechtel’s liquefied natural gas projects on Curtis Island are now operational with Australia Pacific LNG exporting its first cargo. Four of the six LNG trains to be constructed by Bechtel on Curtis Island in Queensland, Australia are
ConocoPhillips Exports First Cargo from Australia Pacific LNG Facility
January 13, 2016
ConocoPhillips’ first cargo of liquefied natural gas (LNG) has departed from the Australia Pacific LNG (APLNG) facility on Curtis Island in Queensland, Australia. “This is a significant milestone for our company and we are proud to have safely loaded the
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