Oil and Gas Industry Latest News

01.09.2014 Dry Well on Heimdalshø

Det norske oljeselskap ASA, as operator of production license 494, has completed the drilling of wildcat well 2/9-5S. The well was drilled about 30 km east of the Valhall field on the Heimdalshø prospect.

29.08.2014 Gazprom Ready to Offer Gas Price Discount to Ukraine — Energy Minister

Gazprom is ready to offer Ukraine a gas price discount of $100 before an arbitration ruling, Russian Energy Minister Alexander Novak said on Friday, according to ITAR-TASS.

29.08.2014 Algeria Delays Oil Bids to September 30

Algeria has accepted a request by foreign energy companies to push back the opening of bids for its new oil and gas round to the end of September, the second delay since the launch of bidding, energy officials said on Thursday.

29.08.2014 Petronas Signs US$550m Deal with Argentina’s YPF to Develop Shale Oil

The Malaysian and Argentine state energy firms Petronas and YPF signed a deal yesterday to invest US$550 million (RM1.7 billion) to develop shale oil in Argentina's massive Vaca Muerta fields, YPF said.

29.08.2014 Russian Gas Cutoffs to EU via Ukraine Not Expected – EU Energy Chief Oettinger

The European Union is not expecting any interruptions in Russian gas deliveries to the European Union via Ukraine, but does not exclude the possibility, EU Energy Chief Gunther Oettinger said Thursday, RIA Novosti reported.

29.08.2014 Venezuela's PDVSA Considers Importing Algerian crude

Venezuela's state-run oil company PDVSA is considering importing Algerian Saharan Blend crude to be used as a diluent for its own extraheavy oil, according to a company document seen by Reuters on Wednesday, and the move could mark the first ever crude import by the OPEC

29.08.2014 Nigeria: Divestment - Shell Sells Four Oil Fields in Nigeria

Oil giant Shell has sold four oil fields which it operated in Nigeria, in line with its global cost-saving initiative.

29.08.2014 Blast at BP Refinery Sparks Fire, Rattles Homes

An explosion at BP oil refinery in northwestern Indiana along Lake Michigan rattled nearby homes and sparked a fire that was later extinguished, but it didn't cause any major injuries or halt production at the facility, a company official said Thursday.

28.08.2014 Turkmenistan to Host Top GTL Plant

Turkmenistan is building the world’s largest gas-to-liquids plant using the methanol route, as the Asian nation strives to add value to its wealth of energy reserves.

28.08.2014 DNV GL-led Collaboration to Enhance BOP Maintenance

The maintenance of blowout preventers (BOPs) has significant financial, logistical and safety implications for drilling operators and rig owners.