Oil And Gas Industry News

The latest upstream oil and gas news from around the world.

National Hyperbaric Centre Opens New Singapore Facility

The National Hyperbaric Centre is opening an office in Singapore to provide subsea related Training Consulting Diving ROV Technical support and senior industry personnel for specialist projects

US Extends Keystone XL Comment Period Delaying Final Decision

The US State Department is extending the government comment period on the Keystone XL pipeline

Terraseis to Deploy First 3 C Project in Kurdistan

Terraseis is deploying a Three Component seismic recording system to carry out a seismic 3D survey that shall include 3 C data acquisition

Increase in Petroleum Production Has Positive Impact on Economy

The dramatic almost unbelievable increase in crude oil and natural gas production in the United States has many positive implications Alex Mills says

Texas Upstream Petroleum Economy Sustains Record Run

The upstream economy in Texas ventured further into uncharted territory in February boosting the Texas Petro Index

Paper Voestalpine CEO Calls For Europe To Frack In Low Density Areas

Europe should consider allowing fracking for shale gas in sparsely populated areas the chief executive of Voestalpine told a German newspaper

Vanguard Energy to Sell Texas Field

Vanguard Energy enters an agreement to sell all of Vanguard s working interests and related equipment at its only operating field the Batson Dome Field

McDermott to Re Enter North Sea with Spoolbase Deal

McDermott s subsidiary signs an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea

Russia Ships First Oil From Disputed Offshore Arctic Platform

President Putin hails Russia s first shipment of Arctic offshore oil saying the platform decried by environmentalists will help Moscow expand its global energy markets share

Rice Adds Energy and Environment Initiative Tackles Above Ground Risks

Rice University links all energy related activities and expands its energy program to meet industry needs

Subsea Friction Clamps May Provide More Precise Subsea Monitoring

Subsea friction clamps developed by Houston based Astro Technology may enable more precise monitoring of subsea assets in water depths of up to 10 000 feet

Shell Commited To Russia Expansion Despite Sanctions

President Vladimir Putin pledges to support Shell s Russia expansion plans at a meeting with the company s chief executive Ben van Beurden

India s Reliance Posts Flat 4Q Profit Meets Estimates

Reliance Industries posted a flat quarterly profit in line with estimates hurt by a slimmer margin in its oil refining business

Minister Oil Gas Firms Committed To Russia Despite Sanctions

Russian and international majors are cooperating as usual despite sanctions imposed over Ukraine and Russia s South Stream pipeline project is going ahead Energy Minister Alexander Novak says

Technip Bags Kaombo Umbilical Gig Offshore Angola

Technip has been awarded a large lump sum contract by Total E P Angola for the umbilical system part of the Kaombo project

Sources PetroChina Hikes Shale Gas Spending To More Than 1 6B

PetroChina plans to spend more than 1 6 billion on shale gas this year sources with knowledge of the matter say

Oil Tops 104 On Ukraine Fears

The price of oil rises past 104 per barrel on worries over the upheaval in Ukraine

Eni Ukraine Agree On Need To Increase Gas Production

Eni s Poalo Scaroni and Ukraine s energy minister agree on the need to increase gas production in the country which is at the center of escalating tensions with Russia

Ex BP Employee Settles SEC Insider Trading Oil Spill Case

A former 20 year veteran of BP who oversaw the company s cleanup efforts from the Deepwater Horizon oil spill will pay more than 224 000 to settle civil charges

Athabasca Sells Stake In Oil Sands Project To Partner PetroChina

Athasbasca exercises an option to sell its 40 stake in the planned Dover oil sands project to its partner PetroChina for 1 20B after the project received final approvals

« : ‹ : [1] : › : »