Oil and Gas Industry Latest news

19.11.2013 Norwegian Offshore Construction Workers Start Protest

Around 1,400 Norwegian construction workers in the offshore energy sector have cut their working hours since November 16 in a pay protest and oil output could be affected in the longer run if no deal is reached, a trade union official said, Reuters reported on November 1

19.11.2013 Nigeria’s Transcorp To Begin Oil Production

Transnational Corporation of Nigeria Plc, a conglomerate with interests in energy and hospitality has announced plans to produce its first oil next year, the Nigerian paper Leadership reported on November 19.

19.11.2013 Nigeria Oil Production Grows in Third Quarter

The Nigerian National Bureau of Statistics said crude oil production increased more than 7 percent from the second quarter to 2.26 million barrels per day, UPI reported on November 18.

19.11.2013 Vietnam to Offer Oil and Gas Blocks to India - Newspaper

Vietnam is offering India fresh oil and natural gas blocks as New Delhi prepares to withdraw from an offshore site in the South China Sea where Hanoi is counting on the presence of key nations to ward off increasingly assertive territorial claims from Beijing, the Indian

19.11.2013 Niko to Abandon Gas Block in India

Canadian oil and gas exploration company Niko Resources is set to abandon its gas block in Surat, Gujarat, as the fields have been fully exploited, the Indian newspaper Business Line reported on November 18.

19.11.2013 Norway to Cut Reliance on Oil, Says PM

Norway’s Prime Minister Erna Solberg said pushing through a budget designed to avoid krone appreciation marks her first step toward weaning western Europe’s biggest crude producer off its oil reliance, Reuters reported on November 18.

19.11.2013 Eni Builds Giant Platform for Norway Field

A giant platform currently under construction in South Korea could be ready to pump the first Barents Sea oil already next fall, Barents Observer reported on November 18.

18.11.2013 Access Pipeline Achieves Alarm Improvements Through Rationalization

Access Pipeline’s project demonstrated the positive results of a comprehensive alarm rationalization effort. After completing a thorough rationalization, alarm systems can be expected to provide significantly less activation and fewer nuisance alarms.”

18.11.2013 Belarusian Oil Market to Become a Battlefield for Russian Companies Soon it will become clear, who is going to get the best piece of the pie

Until recently, the situation with the supply of Russian crude oil to Belarusian refineries has been developing quite predictably. Certain problems in relations between the partners emerged solely in terms of coordinating the quarterly supplies and the annual balance.

18.11.2013 Russian Energy Ministry Does Not Expect New Tax Breaks for Yamal LNG

Yamal LNG will not expect tax breaks despite growing expenditure, Russian Energy Minister Aleksandr Novak has said.