Oil and Gas Industry Latest news

22.11.2013 BP Awards Contract to Safe Caledonia for Accommodation Support in North Sea

Prosafe said on November 21 it signed a contract with BP Exploration Operating Company Limited (‘BP’) for the Safe Caledonia to provide accommodation support at the Eastern Trough Area Project (ETAP) in the UK sector of the North Sea,

22.11.2013 US to Help Pakistan in Shale Gas Exploration

In a major development the US has agreed to extend the technical help for the exploration of shale gas reserves in Pakistan and to this effect a US company is all set to initiate a study for an exact assessment of oil and gas reserves – particularly the shale gas – avail

22.11.2013 Brazil Approves OGX Share Sale to ExxonMobil

The Brazilian government on November 21 approved U.S. oil giant ExxonMobil's bid to purchase a 35-percent stake in an offshore oil well licensed to Brazil's financially troubled OGX, Xinhua has reported, citing local media.

22.11.2013 Ukraine President Invites Austrian Companies to Invest in Gas Projects

Ukraine invites Austrian companies to participate in projects aimed at increasing gas production, the government news agency Ukrinform reported on November 21.

21.11.2013 Gazprom Board Discusses Preparation of Vladivostok-LNG Project

The Gazprom Management Committee Chairman Alexey Miller held at the Company's headquarters a meeting dedicated to the Vladivostok-LNG project, Gazprom said on November 20.

21.11.2013 Lukoil Wants to Export LNG

Lukoil has proposed amendments to the bill on the liberalization of LNG exports in order to make it possible for it to work in the sector, Itar-Tass has reported, citing sources close to the bill’s authors.

21.11.2013 Russia’s Soyuzneftegaz Buys License to Drill in Syria

Soyuzneftegaz has obtained a license to drill offshore Syria after five months of talks, Terminal has reported. Experts from Soyuzneftegaz visited Syria several times.

21.11.2013 Exxon Mobil Sells Chinese Assets

Hong Kong's biggest electricity provider, CLP Power, and state-owned China Southern Power Grid (CSG), will each pay HK$12 billion to acquire Exxon Mobil's 60 per cent stake in Castle Peak Power Company (Capco), South China Morning Post reported on November 20.

21.11.2013 Belarus, Russia Prime Ministers Discuss Oil Trade

Prime Minister of Belarus Mikhail Myasnikovich and Prime Minister of Russia Dmitry Medvedev have discussed matters concerning oil deliveries till the end of the year and in 2014, BelTA reported on November 20.

21.11.2013 Azerbaijan to Upgrade Fuel Standards from 2014

Euro 3 standard on the quality of fuel will be applied in Azerbaijan from next year, chairman of the State Committee for Standardization, Metrology and Patents Ramiz Hasanov told journalists, APA reported on November 20.