Oil and Gas Industry Latest News

02.10.2013 The Switch And Yaskawa To Form Strategic Cooperation

The Switch, supplier of megawatt-class permanent magnet generator and full-power converter packages for wind power and other renewable energy applications, and YASKAWA Electric Corporation ("YASKAWA"), a global manufacturer of servomotors, controllers, inverters, and ind

02.10.2013 Over 800 Russian Oil Fields To Be Entitled To Tax Breaks

More than 800 Russian oil fields are entitled to tax breaks, Russian deputy natural resources minister Denis Khramov told the 12th international investment forum in Sochi. His report was entitled “On the fiscal aspects of raw materials production”.

02.10.2013 Max Petroleum Strikes Oil At Kazkhstan's Sagiz West Field

Max Petroleum's SAGW-6 appraisal well in the Sagiz West Field has reached a total vertical depth of 1,453 metres, with electric logs indicating 30 metres of net oil pay over a 93 metre interval at depths ranging from 1,194 to 1,287 metres, the company reported in a news

02.10.2013 Bashneft Sells Oilfield Service Assets

JSOC Bashneft has sold a 100% stake in the authorized share capital of LLC Bashneft-Service Assets to OJSC JSFC Sistema, the company reported in a news release. The transaction value determined by an independent appraiser amounted to 4.1 billion roubles.

02.10.2013 Nord Stream: "Tube Mail" From Russia Arrives in Lubmin

Nord Stream has concluded a comprehensive inspection of the internal condition of both pipelines, as part of its long-term safety and pipeline integrity management strategy.

02.10.2013 Shell Plans To Sell Eagle Ford Shale Assets

Shell will sell its stake in the US Eagle Ford Shale, saying that its assets in the play do not match its investment plans.

01.10.2013 Matra Petroleum Provides Strategy Update

Matra Petroleum, the oil and gas investing company has provided the following strategy update on progress towards implementing its investment policy and making a value accretive acquisition.

01.10.2013 Petrominerales Announces Acquisition By Pacific Rubiales And Formation Of Brazil Focused Exploration Company

Petrominerales (TSX:PMG) (BVC:PMGC) has entered into an agreement with Pacific Rubiales Energy Corp.

01.10.2013 China Recognizes The Importance Of Climate Change

US academics and think tanks are applauding the latest move by California and China to strengthen low carbon development to fight climate change.

01.10.2013 Increasing North Africa’s Unconventional Sector Opportunities

With the North Africa Uncoventionals Seminar to be held for the first time in Tunisia, Radisav Vidic, Professor and Chair – Department of Civil and Environmental Engineering, University of Pittsburgh, offers advice on the development needed in the region to increase prof