Oil and Gas Industry Latest news

28.08.2014 Alfa Laval Wins SEK 240 million Offshore Pumping Systems Order in South Korea

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Framo pumping systems to Samsung Heavy Industries in South Korea.

28.08.2014 "Rosneft" Restores Weather Observation System in Kara Sea

As part of a large-scale summer Arctic research expedition "Kara-Summer - 2014" a meteorological station was installed that meets the latest modern requirements for such equipment, on the island of Uedinenie.

28.08.2014 Wärtsilä Signs Long-Term Maintenance Agreement to Support Harvey Gulf’s LNG Offshore Supply Vessels

Wärtsilä, the marine industry’s leading solutions and services provider, has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC (Harvey Gulf).

28.08.2014 Algeria to Launch New Investment Plan

A new five-year investment plan is being launched by Algeria; the plan is worth $262 billion and is aimed at boosting domestic production and moving the economy away from its reliance on the petroleum sector.

28.08.2014 Gazprom Needs Large Fleet for Arctic Reserves Development

Despite sanctions, Russian oil and gas companies are more active than ever in establishing contacts at the huge oil exhibition ONS in Stavanger this week, reports Barentsobserver.com

27.08.2014 DNV GL Launches Interactive Arctic Risk Map to Communicate Region’s Complex Risk Picture

ONS, Stavanger: The world’s need for energy is driving interest in further industrial activity in the Arctic, yet the region’s conditions are highly variable depending on the type of activity, location and time of year. This creates a complex risk picture.

27.08.2014 ONS: GE Opens Norwegian Technology Centre

Energy firm GE has unveiled its new Technology Solutions Centre (TSC) in Stevanger in an official ceremony attended by the city’s mayor, Christine Sagen Helgø.

27.08.2014 Sanctions Could Jeopardize Security on Prirazlomnaya Platform

The Prirazlomnaya platform is packed with Norwegian technology and is likely to soon feel the consequences of the western export ban on oil and gas equipment, Barentsobserver.com reports.

27.08.2014 EIA Predicts 75 Percent Increase in Mexico’s Oil Output

Mexico’s actions to end its state monopoly on oil and natural gas will spur a “profound” increase in country’s oil production, raising it by about 75 percent by 2040, the U.S. Energy Information Administration (EIA) predicted, according to thehill.com portal.