Oil and Gas Industry Latest news

20.11.2013 Libya Resumes Oil Exports from Western Port

Oil exports from Libya's western Mellitah port have resumed after protests ended, allowing a large oilfield to ramp up production and providing some respite from a crisis that has crippled its economy, Reuters reported on November 19.

20.11.2013 US Judge Asked to Halt Release of Confidential Oil Documents

Some of the world’s largest oil traders including Vitol Group, Morgan Stanley and Royal Dutch Shell Plc (RDSA) are asking a judge to stop the disclosure of millions of records gathered by the top U.S.

20.11.2013 Ukrainian Cabinet Says Gas Dispute with Russia Solved

Ukraine and Russia reached mutually beneficial decisions, which will allow NJSC Naftogaz of Ukraine to settle with JSC Gazprom without problems according to a new schedule, the Ukrainian news agency Ukrinform reported on November 19, citing the cabinet’s press service.

20.11.2013 Gazprom Chief, Sovcomflot Director Discuss LNG Marine Shipping

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Management Committee and Sergey Frank, Director General of Sovcomflot, Gazprom’s Press Office reported on November 19.

20.11.2013 Conditions for Transcaspian Pipeline Ideal – EU Diplomat

A senior European Union diplomat in the energy-rich nation of Turkmenistan said on November 19 that current conditions are ideal for the construction of a natural gas pipeline across the Caspian Sea, RIA Novosti has reported.

20.11.2013 Large Shale Gas Reserves in Europe Promise Growth for the Pumps Market, Finds Frost & Sullivan

Greater political acceptance of shale gas exploration and the growing need among European countries to be self-sufficient in terms of energy is expected to result in the growth for the pumps market, Frost & Sullivan has reported in an industry review.

19.11.2013 Interference Тesting Conducted in Kharyaga’s Carbonate Reservoirs

Well interference testing comes in handy when determining hydrodynamic properties of reservoirs. This approach is particularly efficient for carbonate deposits with complex geology – sinkholes, cracks and cavities.

19.11.2013 Gas Supplies to EU: Europe at a Crossroads

Over the last decade, Russia, Norway and Algeria have been the European Union’s (EU) major gas suppliers. During this period, EU gas imports grew from 253.7 billion cubic meters in 2002 to 317.7 billion m3 cubic meters in 2012.

19.11.2013 Russia's Transneft Come up with Deadline for Zapolyarye Third Stage

Works on the third stage of the Zapolyarye pipeline will start this winter, Transneft Vice President Aleksey Sapsay has said.