Oil and Gas Industry Latest news

25.07.2014 West Alpha on the move towards Arctic drillsite

The drilling rig is on its way towards far-Arctic Russian waters as part of the controversial cooperation between ExxonMobil and Rosneft.

25.07.2014 Yemen resumes oil flow after pipeline repair, 7 killed - official

Yemen resumed pumping crude oil through its main export pipeline on Thursday, an oil official said, after repairs took place under army protection and seven people were killed in brief clashes between solders and tribesmen.

25.07.2014 China’s Shale Gas Push Could Be Huge for U.S. Companies

Halliburton recently signed an agreement with an affiliate of China's SPT Energy Group to establish a joint venture company focused on hydraulic fracturing and production enhancement services in Xinjiang.

25.07.2014 Seismic Reveals Prospects Offshore Namibia

Pancontinental Oil & Gas reported that the 3D and 2D seismic surveys carried out earlier in 2014 over EL 0037 offshore Namibia are starting to yield very encouraging results.

25.07.2014 Turkey approves EIA Report for South Stream’s offshore section

The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) Report and issued a positive opinion of the EIA results for South Stream's offshore section in Turkey.

25.07.2014 Iain Conn leaving BP after 10 Years on the Board

BP today announced that Iain Conn, Group Managing Director and Chief Executive, Downstream, is leaving the company and is to step down from BP’s board by the end of the year.

24.07.2014 Ebola Blocks Liberia Spud

There are a lot of reasons to delay the spud of a well, but one that is rarely, if ever heard is the Ebola virus.

24.07.2014 Pakistan offers proposal on Iran-Pakistan Pipeline

The Pakistani government has presented a new proposal to Iran’s Petroleum Ministry for the settlement of a dispute about an incomplete gas pipeline running between the two neighbors, a top Iranian official said.

24.07.2014 Statoil awarded licence offshore Colombia

Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round.

24.07.2014 Europe braced for any gas crisis as Russia sanctions escalate

Europe has enough spare capacity in liquefied natural gas (LNG) to meet a large part of the region’s needs if Russia retaliates against the latest EU sanctions by restricting gas supplies.