Oil and Gas Industry Latest News

23.08.2013 Methodological Approach to Estimation of the Degree of Corrosion Hazard in the Main Oil Pipeline Sections Based on Smart Pigging Data

The article discusses a methodological approach to ranking of main oil pipeline sections by the degree of corrosion hazard using smart pigging da

23.08.2013 Technip To Lay The World’s Deepest Gas Pipeline, For Shell In The Gulf Of Mexico

Technip was awarded by Shell Offshore Inc. an important engineering, procurement and installation contract for the development of subsea infrastructure for the Stones field.

23.08.2013 Petrochina Net Profit Up 5.6% In First Half

Net profit of PetroChina Company Limited rose 5.6 percent in the first half of 2013 from a year earlier, the company said on Thursday.

23.08.2013 Rosneft President and Management Board Members Increase Stakes in Charter Capital

Rosneft President and members of the Management Board have increased their interests in the Company’s charter capital as follows:

Igor Sechin, President, Chairman of the Management Board of Rosneft, increased his holding from 0% to 0.0075%

23.08.2013 TANECO Board Approves Refining Plans for Q4 2013

A meeting of JSC TANECO's Board of Directors chaired by Nail Maganov, First Deputy Director General - Head of URNiN (Crude Oil and Oil Products Sales Department) of JSC TATNEFT, was held in Nizhnekamsk on August 22.

23.08.2013 KCA Deutag Scores West Africa Contract

KCA Deutag reported signing two “significant” contracts recently valued at more than $165 million; one in West Africa and one in Norway.

23.08.2013 China's Petrochina Eager For Reform

PetroChina Co Ltd, the nation's leading oil and natural gas producer, said on Thursday it expects a 20-billion-yuan ($3.3 billion) annual profit boost from the government's natural gas price reform.

23.08.2013 Zarubezhneft Near Deal On Arctic Oil

The Russian Ministry of Natural Resources this week informed that it has approved Zarubezhneft`s bid for status as eligible shelf operating company.

23.08.2013 Mexico Seeks Tax Similar to Brazil for Private Oil Producers

Bloomberg reports that Mexico’s government will propose taxing private oil companies that partner with state-owned Petroleos Mexicanos at a similar rate as in Brazil and Colombia, Mexico’s deputy finance minister for revenue said.

23.08.2013 China's CNOOC Expected To Sign Oil Pact With Argentina

Bernama reports that YPF, the energy company in which Argentina holds a majority stake said its next shale oil and gas partnership will be with a group including China' National Offshore Oil Corporation Ltd (CNOOC).