Oil and Gas Industry Latest news

22.11.2013 WTI Oil Trades Near Three-Week High

West Texas Intermediate crude traded near the highest price in three weeks after applications for unemployment benefits in the U.S. declined, signaling a sustained economic recovery in the world’s biggest oil consumer, Bloomberg reported on November 22.

22.11.2013 Indian Oil to Dilute Share in ONGC

State-owned refiner Indian Oil Corporation (IOC) has sought the oil ministry’s approval to dilute a portion of its stake in ONGC, the Indian newspaper Telegraph reported on November 21.

22.11.2013 Indonesia’s SKKMigas Approves Expansion for Offshore Drilling Platforms

The upstream oil and gas regulatory special task force SKKMigas approved the development plan for six new integrated offshore oil drilling platforms managed by the Pertamina Hulu Energi West Madura Offshore (PHE WMO) to boost its oil production capacity, Jakarta Post rep

22.11.2013 Rolls-Royce Awarded Energy Services Contract By Petrobras

Rolls-Royce has been awarded a $138M, five-year services contract by Petrobras to support its oil production activities offshore Brazil, Economic Voice reported on November 21.

22.11.2013 Tethys Wins World Finance Award

Tethys Petroleum Limited ("Tethys" or "the Company") (TSX:TPL)(LSE:TPL) is proud to announce that it has won the prestigious World Finance Oil & Gas Award for the Best Exploration and Production Company, Asia 2013, Tethys press service said on November 21. Dr.

22.11.2013 Azerbaijani Oil Supplies Can be Increased through Rotterdam

Holland is interested in increasing Azerbaijani oil supplies through the port of Rotterdam, Mayor Ahmed Aboutaleb told journalists in Baku on November 21, Trend has reported.

22.11.2013 Turkmenistan Expects to Find More Gas in Galkynysh Field

The ongoing exploration works at Turkmenistan's largest oil field - Galkynysh indicate the presence of more large gas reserves there, Turkmen Minister of Oil and Gas Industry and Mineral Resources, Muhametnur Halylov said on Nov. 21 in Ashgabat, Trend has reported.

22.11.2013 China Cooperation with Iran No Violation of UN Resolutions - Spokesman

China's oil cooperation with Iran is transparent, open and reasonable, Xinhua has cited Foreign Ministry spokesman Hong Lei as saying on November 21.

22.11.2013 PetroChina to Expand in US Market

After moving its headquarters from New Jersey to Houston earlier this year, PetroChina International America, Inc is now primed to expand its trade in oil products, and more importantly, plant a firmer footing in North America by acquiring its own refining facilities, Ch

22.11.2013 Keppel Wins USD 265 Million Jackup Order from Ensco

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), said on November 21 it secured a contract to build a repeat KFELS Super A Class harsh environment jackup rig from a subsidiary of Ensco plc (NYSE: ESV) for arou