Oil and Gas Industry Latest News

27.06.2014 Iran Says Ready to Sign Nuclear Reactor Deal With Russia

Iran has said that it expects to sign a deal with Russia in late August on the building of two new 1,000-megawatt nuclear reactors in the Islamic Republic, potentially boosting its case that it is refining uranium for civilian energy, not atom bombs.

27.06.2014 Russia seeks to make nuclear power cost-effective

Making the case for nuclear power over coal or gas-based plants that hasten climate change, Russia's atomic energy corporation has unveiled the "atomic kilowatt hour" as a new cost-effective product of immense importance to energy-hungry emerging economies.

26.06.2014 Chinese Eager to Enter Oil Sector in Russia's Tyumen Region

The main good China seeks in West Siberia is oil, Beijing's consul-general in Yekaterinburg Tian Yunsan said during a visit to Tyumen Region.

26.06.2014 East Africa Issues Bid Invitation for Pipeline

A tender has gone out inviting bids for a single consultant to oversee a feasibility study and initial design for the construction of the planned oil pipeline that will take crude to the Kenyan coast to Lamu.

26.06.2014 Remote Field Work Powers Equipment Sales

As Western Siberian fields are already highly depleted and production moves into Eastern Siberia and the Far North, the issue of power generation at distant and isolated fields becomes more pressing.

25.06.2014 Foster Wheeler awarded contract for Terrace WallTM steam reformer heater in Russia

Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Glencore Oil Projects AG for the engineering and material supply of a steam reformer heater for hydrogen production for the O

25.06.2014 Russia set to delay fuel oil export duty hike

Russia's finance and energy ministries have agreed to put back the equalisation of export duties on crude oil and on heavy oil products such as fuel oil to 2017 to allow domestic refineries to finish upgrades, the Finance Ministry said on Wednesday.

25.06.2014 C.A.T. oil AG announces agreement with Gazprom Neft Ensures full utilization of new capacities until end of 2016

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has signed a framework agreement with Gazprom Neft on drilling and hydraulic fracturing services on 17 June 2014, the company reported in a news release.

25.06.2014 SIBUR Reduced Environmental Impact in 2013

Dedicated environmental programmes implemented at SIBUR in 2013 reduced wastewater effluents by 3% and air pollutant emissions by 4% year-on-year.

25.06.2014 Innovation and Efficiency. Key to Stability for West Siberian Conventional Resources

Russia continues to fight an uphill battle in its war to maintain its oil production levels, at even a plateau rate.