Oil and Gas Industry Latest news

20.11.2013 Russian Tatneft’s Taneco Awarded for Environmental Safety

Taneco was awarded a prestigious All-Russian award: the Refining and Petrochemical Plants Complex was awarded the honorary title of the "Best Environmentally Responsible Company in the Region", Tatneft’s press office said on November 19.

20.11.2013 BP Completes Maintenance Work on Trinidad Offshore Platforms

Oil and gas giant BP Trinidad and Tobago said on November 18 it has comple¬ted maintenance work on several offshore platforms it started in 2011, Trinidad Express reported on November 19.

20.11.2013 Russian Rimera’s Plant Develops New Downhole Equipment

Izhneftemash plant, part of Rimera Group, has successfully completed trials of an experimental prototype of the ShL6 one-size-fits-all rod head with an improved gripping mechanism, Rimera’s Press Office said on November 18.

20.11.2013 WTI Gains as U.S. Fuel Stockpiles Apparently Shrink

West Texas Intermediate rose for a second day amid speculation U.S. fuel supplies declined and after the Federal Reserve signaled it will maintain steps to sustain the economic recovery, Bloomberg reported on November 20. 

20.11.2013 Ferus Natural Gas Fuels, ENN Canada to Build Two LNG Plants

Two companies are teaming up to build liquefied natural gas plants in Vancouver and Edmonton to serve the transportation industry, Vancouver Sun reported on November 19.

20.11.2013 Russia’s Rosneft Eyes Morgan Stanley Oil Trading Branch

Russian state-run oil company Rosneft (ROSN.MM) is in talks with Morgan Stanley (MS.N) on buying into the Wall Street bank's oil trading business, Reuters has reported, citing an industry publication and two industry sources as saying on November 19.

20.11.2013 Ukraine to Cut Dependence on Russian Gas Thanks to Slovak Route

Pipeline operators in Ukraine and Slovakia are on the verge of signing a deal that will allow the European Union to ship gas through Slovakia to Ukraine, reducing Kiev's dependence on Russia, the European Commission and Ukraine said on November 19, Reuters has reported.

20.11.2013 Iraq to Return to Big Oil Production Growth

Iraq's oil industry is poised for a second year of only modest growth in 2014, starting off slowly as extensive work at a major port curbs exports and red tape and violence prompt some oil firms to delay projects, Reuters reported on November 19.

20.11.2013 Gazprom Picks Worley Parsons to Work on LNG Vladivostok Plant

Gas giant Gazprom has chosen Worley Parsons International Inc as a contractor for project documentation for liquefied natural gas plant near Vladivostok in Russia’s Far East, Prime has reported, citing the gas holding as saying in a statement on November 20.

20.11.2013 Turkmenistan President Update on Galkinish Gas Field

President of Turkmenistan Gurbanguly Berdimuhamedov in his address to participants of the exhibition "Oil and Gas of Turkmenistan " (OGT-2013) released on November 19 noted that actively continues implementing of large-scale project to develop the country's largest gas f