Oil and Gas Industry Latest News

04.09.2014 U.K., European Natural Gas Prices Rose in August

Colder weather, reduced liquefied natural gas (LNG) send-out from terminals into the U.K.

04.09.2014 Getting Chinese Shale Gas Out of the Ground Could be Disastrous

The Middle Kingdom is thought to have the world’s largest technically recoverable shale gas resources, as well as the third-biggest supply of recoverable shale oil—more than 30 trillion cubic meters (1,115 trillion cubic feet) of shale gas—nearly twice what the US claims

04.09.2014 Norway's Oil Sector May See Sharp Fall in Spending

Norway's oil sector is likely to experience a sharp fall in investment in 2015 after an estimated high this year, according to a survey published Wednesday, fueling worries of an economic slowdown in one of the world's richest countries.

04.09.2014 Statoil Has Completed Wells in US Gulf of Mexico the Kwanza Basin in Angola

Statoil has completed the Martin well in US Gulf of Mexico and the Dilolo well in the Kwanza basin in Angola.

US Gulf of Mexico

04.09.2014 US Shale Boom Could Hit Africa's Oil Producers

Foreigners have been pouring money into Africa. Last year, foreign direct investment in Sub-Saharan nations hit a near record US$43 billion, boosted by new oil and gas discoveries.

03.09.2014 Romgaz Invests EUR 27 mln in Urziceni Gas Depot

Romgaz Medias invested EUR 27 million in increasing gas storage capacity of its depot in Urziceni, Ialomita county, according to an announcement made on Tuesday by the company.

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 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 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.