Oil and Gas Industry Latest news

03.09.2014 Gazprom: Modernizing Ukraine's Gas Pipes Would Cost $19.5 bln

Modernizing Ukraine's gas transportation system would cost an estimated $19.5 billion at a minimum and would do nothing to reduce risks to transit of Russian gas to Europe, according to an article in the Financial Times authored by Gazprom spokesman Sergei Kupriyanov.

03.09.2014 GE’s Distributed Power Gas Turbine Technology ‘Lands’ for the First Time in the Philippines

GE (NYSE: GE) announced its jet engine-based aeroderivative gas turbines have been chosen to power First Generation Corporation’s (First Gen) Avion power plant in the Philippines.

03.09.2014 Russia Can Complain to WTO about Law on Ukrainian Gas Network Operator – Russian Energy Ministry

Russian Energy Ministry believes that Moscow has the right to appeal to the World Trade Organization (WTO) in regards to the law on the reformation of the management system of the Ukrainian gas network, the newspaper Izvestiya wrote on Tuesday, with reference to the Depu

03.09.2014 RGU Launches 'Big Data' Center for Oil & Gas Industry

Aberdeen's Robert Gordon University (RGU) announced Tuesday that it is launching a data technologies center that will focus on 'Big Data' analytics, particularly for the oil and gas sector.

03.09.2014 Rosneft’s Sechin Held Negotiations with PetroVietnam Chairman of the Board of Directors

Rosneft Chairman of the Management Board Igor Sechin held a working meeting with PetroVietnam (Vietnam Oil and Gas Group) Chairman of the Board of Directors Nguyen Xuan Son in Moscow, Tuesday.

03.09.2014 Reuters: Gazprom Managers May Face Corruption Charges in Switzerland


Managers of Russia's state-controlled natural gas exporter Gazprom may face corruption charges in Switzerland, the Swiss federal prosecutor's office said, confirming a Swiss media report, reports Reuters.

03.09.2014 Halliburton to Pay $1.1 Billion to Settle Spill Lawsuits

Halliburton Co. agreed to pay $1.1 billion to settle a majority of lawsuits brought over its role in the largest offshore oil spill in U.S. history, writes Bloomberg.

03.09.2014 Slovakia Initiates Reverse Gas flow to Ukraine

Slovakia initiated reverse deliveries of natural gas to Ukraine on Tuesday with enough capacity to cover up to a fifth of the country’s needs, reports Russia Today.

03.09.2014 African Petroleum Seeks West Africa Partners

African Petroleum Corp. is on the lookout for strategic partners on its acreage in West Africa, specifically in Côte d’Ivoire, Liberia, Senegal, and Sierra Leone.

03.09.2014 Statoil and DNV GL to Drive Subsea Factory Interface Standardization

Statoil has entered into an agreement with DNV GL to establish an industrial cooperation to introduce an international industry standard for subsea process technology.