South African's petrochemical firm closes Beijing office
( China Economic Review - Daily & Industry, May 24, 2012)
South African petrochemicals company Sasol will remove its coal-to-liquids (CTL) team from Beijing, a move symbolic of withdrawal from the ...
China to open natural gas pipeline to private capital
( China Economic Review - Daily & Industry, May 24, 2012)
PetroChina Co, Asia's largest oil and gas producer by market value, disclosed Wednesday that China's new natural gas transmission pipeline ...
Petronas may need 10-12 partners for Rapid project
(Anuja Ravendran, The Malaysian Reserve, May 24, 2012)
Petroleum Nasional Bhd (Petronas) may require from 10 to 12 partners for its RM60 billion Refinery and Petrochemical Integrated ...
Nord Stream's first line reaches top capacity
( Russian Financial Control Monitor(RFCM) : International Cooperation (English), May 24, 2012)
MOSCOW. Gas deliveries by the first line of Russia's Nord Stream pipeline built along the bed of the Baltic Sea to Germany have reached the ...
Gazprom may produce 541 bcm of gas in 2013
( Russian Financial Control Monitor(RFCM) : News of Key Companies (English), May 24, 2012)
MOSCOW. Gazprom may increase its gas output to 541 bcm (19.1 tcf) in 2013 and 548 bcm (19.34 tcf) in 2014. This year, however, gas ...
Romania's InterAgro to form JV with Gazprom.
( Romania Today, May 24, 2012)
Diversified Romanian holding InterAgro, which owns several fertilizer plants in the country, plans to form a joint-venture company in the ...
Steepest ever hike in petrol price fuels fury
( New Indian Express, May 24, 2012)
NEW DELHI, May 24 -- Barely three days after the government threw a '38,500-crore lifeline at the three loss-making Oil Marketing Companies ...
Aker Solutions acquires NPS Energy for $350mln
( Dion Global Solutions Limited, May 23, 2012)
India, May 23 -- Sources suggest that Aker Solutions has given a nod for the acquisition of NPS Energy, which is part of an oilfield ...
Beach Energy commences oil production at the Bauer oilfield
( Dion Global Solutions Limited, May 23, 2012)
India, May 23 -- Beach Energy which engages in the exploration, development, and production of oil and gas properties and holds 40 per cent ...
Pioneer plans return to North Sea after 30 years
(Ian Forsyth, Aberdeen Press and Journal, May 23, 2012)
North Sea pioneer Algy Cluff is making a return to the oil province in pursuit of "significant opportunities" after a 30-year gap. Mr Cluff ...
Thousands of jobs to be created in new oil boom
(Ian Forsyth, Aberdeen Press and Journal, May 23, 2012)
THOUSANDS of new energy jobs are expected to be created by a record-breaking licensing round for North Sea oil and gas drilling. The UK ...
Iran plans oil terminal outside the Strait of Hormuz
( Middle East Energy, Oil and Gas News Wire, May 22, 2012)
The Iranian oil ministry has announced plans to build an oil terminal at Bandar Jask outside the Strait of Hormuz to ensure exports in the ...
Saudi Arabia to let oil prices fall below $100 - CGES
( Middle East Energy, Oil and Gas News Wire, May 22, 2012)
The Centre for Global Energy Studies has said Saudi Arabia will allow oil prices to fall below $100 a barrel rather than cut back extra ...
Shell pay plan sparks opposition
(Steve Gedge, Eastern Daily Press, May 23, 2012)
Nearly 10pc of shareholders rejected Royal Dutch Shell's pay report at its annual meeting after the oil giant's boss doubled his earnings ...
Permian Basin Royalty Trust Declares Cash Distribution
( Professional Services Close-Up, May 23, 2012)
Permian Basin Royalty Trust recently declared a cash distribution to the holders of its units of beneficial interest of $.137527 per unit, ...
Economy, Iran sanctions lift oil prices to near three-day high
( Dion Global Solutions Limited, May 22, 2012)
India, May 22 -- Oil prices touched the highest level in nearly three days in New York on speculation that recovery in US economy will spur ...
Govt to determine gas prices: Union Law Ministry
( Dion Global Solutions Limited, May 22, 2012)
India, May 22 -- Stating that the government is the sole agency to determine the gas prices, the Union law ministry has emphasizes that the ...
Oil Minister may visit Turkmenistan for gas deal
( Dion Global Solutions Limited, May 22, 2012)
India, May 22 -- India's Oil Minister, Jaipal Reddy, has been planning a visit to Turkmenistan to sign a deal to get natural gas through a ...
Seaway pipeline commences oil flow
( Dion Global Solutions Limited, May 22, 2012)
India, May 22 -- Enterprise Products Partners which provides midstream energy services to producers and consumers of various products in ...
Red Fork Energy spuds its Bunch 1-19H well
( Dion Global Solutions Limited, May 22, 2012)
India, May 22 -- Red Fork Energy which engages in the exploration, appraisal, development, and production of oil and gas in the ...
Chariot Oil & Gas procures drill ship to dig offshore Namibia
( Dion Global Solutions Limited, May 22, 2012)
India, May 22 -- Chariot Oil & Gas has secured the Ocean Rig Poseidon drill ship to drill the Kabeljou well on the Nimrod prospect offshore ...
Autonomous Kurdish Region in N. Iraq to export oil via Turkey.
( Turkey Sectors and Companies Today, May 22, 2012)
Minister of natural resources of the Kurdish autonomous administration in Northern Iraq, Ashti Hawrami said that the oil extracted in ...
Russia halves oil supplies to Pavlodar refinery in May.
( Kazakhstan Today, May 22, 2012)
Russia halves oil supplies to Kazakhstan in May, the sources said. The reason is different approaches to the method of calculation of oil ...
Atlantic Offshore Rescue to launch more ships
(Gareth Mackie, The Scotsman, May 22, 2012)
Atlantic Offshore Rescue, the Aberdeen-based standby vessel operator, is to expand its fleet after securing North Sea support contracts ...
Petronas Dagangan posts record revenue of RM6.852b
( New Straits Times (Malaysia), May 22, 2012)
KUALA LUMPUR: Petronas Dagangan Bhd (PDB), the domestic marketing arm of Petronas, registered a record revenue of RM6.852 billion for the ...
Updated: Fears for 1,000 jobs as Coryton could close
( Echo (NewsQuest), May 20, 2012)
The future of nearly 1,000 jobs at the Coryton oil refinery in Stanford-le-Hope are in doubt after reports it could close.
Orsk refinery increases oil refining 18% in January-April
( Russian Financial Control Monitor(RFCM): Business News (English), May 21, 2012)
ORSK. Orsknefteorgsintez, an oil refinery 92.2% owned by Sermules Enterprises Limited, increased its amount of oil refining 17.7% in ...
Kurdistan defies Baghdad over oil
(NO BYLINE, The Herald (Glasgow), May 21, 2012)
ARBIL: Iraq s autonomous Kurdistan region expects to start exporting its crude oil along a new pipeline to the Turkish border by August ...
Workers evacuated after blaze at oil rig
(NO BYLINE, The Herald (Glasgow), May 21, 2012)
MORE than 12 workers were evacuated from an oil rig and a 650ft exclusion zone was put in place after a blaze in a cage containing gas ...
Oil Firm Reduces Losses As Sales Dip
(Ruth Lognonne, The Journal (Newcastle, UK), May 21, 2012)
OIL and gas maintenance technology company PII has managed to reduce its losses by nearly £2m but has seen sales dip on last year.
Dubai investor readies new oil refinery
(Emilia Narni J. David, BusinessWorld, May 21, 2012)
AFTER EARLIER hinting that foreign oil firms were keen to set up refineries in the country, the Energy department confirmed that an ...
Fluor sees long life in LNG
(Luke Forrestal, Australian Financial Review, May 21, 2012)
Plenty of work will flow from the expansion of existing facilities as demand grows, energy executive David Phillips tells Luke Forrestal. A ...
Libya rises fast from the ashes
( The National, May 20, 2012)
After Libya's civil war, experts pessimistically predicted a recovery in the country's oil industry could stretch on for as long as three ...
NDCO Purchasing 10 Drilling Rigs This Year
( Gulf Oil & Gas, May 20, 2012)
Raising the number of onshore drilling rigs is high on the North Drilling Company's this year agenda. ...
9 Refining Projects Coming Online up to June 2013
( Gulf Oil & Gas, May 20, 2012)
Development plans at Imam Khomeini (Shazand) and Lavan oil refineries, upgrading and boosting capacity at Shahid Tondgouyan (Tehran), ...
Beijing to launch new fuel grading system
( China Economic Review - Daily & Industry, May 18, 2012)
Beijing authorities announced that they will change the current fuel grading system with lower octane ratings to "meet a stricter emission ...
Tethys wins oil contract in Uzbekistan.
( Kazakhstan Today, May 18, 2012)
Tethys signed a production enhancement project to develop Uzbekistan's Chegara group of Fields. The company is implementing a similar ...
Czech PPI growth eases more than expected in April 2012.
( Czech Republic Today, May 18, 2012)
Growth in Czech industrial producer prices eased for the fifth straight month in April 2012 mainly due to a decline in mining prices, data ...
BP orders North Sea vessels
(Ian Forsyth, Aberdeen Press and Journal, May 18, 2012)
Energy giant BP said yesterday it had ordered four new platform-support vessels for the North Sea. The major investment is expected to ...
Sky Petroleum Issues 2,000,000 Class A Units
( Manufacturing Close-Up, May 18, 2012)
Sky Petroleum, Inc., an oil and gas company with activities in Albania and the United Arab Emirates, announced that it is issuing 2,000,000 ...
Refinery in the balance as deadline passes
( Thurrock Gazette, May 16, 2012)
CORYTON oil refinery will remain open for at least another week, despite a temporary deal to keep it open expiring today. The plant, which ...
Oil price key to Exxon deal
( Moscow News, April 16, 2012)
Uncertainty over global oil prices is raising uncomfortable questions for investors as they consider the prospects for Rosneft's finalized ...
Oil discount for China
( Moscow News, April 16, 2012)
Russian state-controlled oil giant Rosneft has agreed to a discount of $1.5 per barrel on crude oil supplies to China National Petroleum ...
Petromanas, Shell wrap up JV deal for Albanian operations.
( Albania Today, May 17, 2012)
Canada-based oil and gas company Petromanas Energy said it has completed a definitive farm out agreement with a wholly owned subsidiary of ...
New find may stoke bid battle for Cove; Cove Energy
( Business World (Digest), May 15, 2012)
U.S. explorer Anadarko Petroleum Corp has discovered a major new gas field offshore Mozambique in a move that could stoke a bid battle for ...
Chevron and Tohoku Ink Pact for Wheatstone LNG
( Manufacturing Close-Up, May 16, 2012)
Chevron Corp. announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HOA) with Tohoku Electric Power ...
Tullow Oil expects up to 86,000 barrels a day
(BARRY O'HALLORAN, The Irish Times, May 17, 2012)
EXPLORATION GROUP Tullow Oil told shareholders yesterday that it expects production from its wells to run at between 70,000 and 86,000 ...
ONGC Videsh Limited pulls out of block in South China Sea
(Piyush Pandey, The Times of India (TOI), May 17, 2012)
MUMBAI: ONGC Videsh, the overseas arm of state-owned ONGC, has temporarily pulled out of a choppy offshore oil block in Vietnam in the ...
Fracture Stimulation Commences in Sasanof-1 Well
( Gulf Oil & Gas, May 15, 2012)
Senex Energy Limited advises that a comprehensive program of hydraulic fracture stimulation is underway at the Sasanof-1 unconventional gas ...
Ophir Announces Mzia-1 Gas Discovery in Block 1
( Gulf Oil & Gas, May 16, 2012)
Ophir Energy plc is pleased to announce its fifth consecutive gas discovery offshore Tanzania. The Mzia-1 well in Block 1 intersected a ...
China National Offshore sends new crane to South China Sea
( China Economic Review - Daily & Industry, May 16, 2012)
China National Offshore Oil Corp. (CNOOC), the country's largest offshore oil producer, announced Tuesday it would send a newly-built ...
Sinopec starts first shale gas project
( China Economic Review - Daily & Industry, May 16, 2012)
Sinopec Group, China's second largest oil and gas producer, has launched its first shale gas project and plans to develop a production ...
Shell proposes B.C. gas project
( The Toronto Star, May 16, 2012)
Royal Dutch Shell PLC and three Asian partners plan to build a liquefied natural gas export terminal in Kitimat, B.C., that would connect ...
Aberdeen oil firm pouring £136million into Egypt
(Elaine Maslin, Aberdeen Press and Journal, May 16, 2012)
Aberdeen-based oil and gas firm Dana Petroleum said yesterday it would be investing £136million in Egypt this year after success on two ...
Gazprom cuts deliveries to Europe 12% over four months
( Russian Financial Control Monitor(RFCM) : International Cooperation (English), May 16, 2012)
MOSCOW. Russian energy giant Gazprom cut its gas export to Europe in January-April 12% year on year, to 51 bcm (1.8 tcf) from 58 bcm (2.05 ...
Chevron Canada Launches 2012 Delo Big Bass Boat Sweepstakes
( Health & Beauty Close-Up, May 16, 2012)
Chevron Canada, the Canadian distributor and seller of the Delo brand of engine oils, lubricants and coolants, has announced its Delo Big ...
Chevron Canada Rolls Out Big Bass Boat Sweepstakes
( Professional Services Close-Up, May 16, 2012)
Chevron Canada, a Canadian distributor and seller of the Delo brand of engine oils, lubricants and coolants, has announced its Delo Big ...
Taiwanese petrochemical company studies Malaysia project
( China Economic Review - Daily & Industry, May 15, 2012)
The Kuokuang Petrochemical Technology Co. will complete a feasibility assessment by May 2013 for a planned cooperation project with ...
Tax break to benefit Ithaca developments
(Elaine Maslin, Aberdeen Press and Journal, May 15, 2012)
Aberdeen-based oil and gas firm Ithaca Energy yesterday said all of its current and future developments would get a boost from the March ...
Oil imports down 8-fold y/y in April.
( Ukraine Today, May 15, 2012)
In April, the imports of oil declined 8-fold y/y to 65,200 tonnes, the State Customs Service has reported. The average cost of imported oil ...
Demand is huge, supply less, rue LPG distributor
( New Indian Express, May 15, 2012)
BANGALORE, May 15 -- While consumers' complaints about shortage of LPG cylinder supply and hike in cylinder tariffs recently has made news, ...
IOC gets 'NOC' for LPG import terminal
( New Indian Express, May 14, 2012)
KOCHI, May 14 -- Decks have been cleared for setting up an LPG (Liquefied Petroleum Gas) import terminal, proposed by the Indian Oil ...
LPG Terminal set to take off
( New Indian Express, May 14, 2012)
KOCHI, May 14 -- The apprehensions regarding the establishment of an LPG (Liquefied Petroleum Gas)import terminal proposed by the Indian ...
Kazakhstan to participate in any new trunk pipeline.
( Kazakhstan Today, May 14, 2012)
The Oil and Gas Ministry developed a bill ensuring the state's right to participate in projects for any newly created trunk pipeline. The ...
Petroleum hub `will benefit Pengerang folk'
( New Straits Times (Malaysia), May 14, 2012)
KOTA TINGGI: Sultan of Johor Sultan Ibrahim Sultan Iskandar yesterday castigated those who opposed the Petronas petroleum hub project in ...
