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04.09.2013 Brazil's July Oil, Gas Output Posts 16Th Decline In 17 Months

Brazil's oil and natural gas output fell in July as production from new offshore fields declined, adding to more than a year of sluggish output caused by the decline of older areas and maintenance shut-downs.

03.09.2013 Rupee’s Plunge Prompts Refiner to Look To Iran

India is increasing imports of crude oil from Iran as policy makers risk flouting U.S. trade sanctions in their scramble to halt the slump in the rupee.

03.09.2013 Stork Unveils Innovative Composite Wrap Solutions Range

Stork Technical Services (Stork), a provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors has announced today (02 September, 2013) the official launch of its new and innovative range of composite wrap solutions.

03.09.2013 Momentive Specialty Chemicals Offers Resin Coated Proppants for Canadian Low Temperature Wells

The Oilfield Technology Group (OTG) of Momentive Specialty Chemicals Inc. has released a new resin coated proppant technology for fracturing service companies and operators in the Canadian oil and gas industry, the company reported in a news release.
 

02.09.2013 China's New Leaders Exert Control Over Oil Company

AP reports that China's new leaders are asserting their authority over the country's biggest company with a corruption investigation that has netted five former and current top oil executives, including the latest — the former chairman of the company.

02.09.2013 Apache, Sinopec Enter Upstream Oil And Gas Partnership

Apache Corporation (NYSE, Nasdaq: APA) and Sinopec International Petroleum Exploration and Production Corporation today announced they have launched a global strategic partnership to pursue joint upstream oil and gas projects.

02.09.2013 Lukoil To Pump 1St Oil At Iraqi West Qurna-2 In November

Russia’s largest private oil company Lukoil plans to extract the first oil from the giant West Qurna-2 field in southern Iraq in November, the company’s vice president said Friday. “The oil field will see a solemn launch ceremony at the end of the year. In November, we will produce the first commercial oil,” Leonid Fedun said during a telephone conference.

30.08.2013 Rosneft Backs Off From Barents Sea Licenses

Russian state oil company Rosneft calls back applications for eight licenses in the Barents Sea because of disagreements with Gazprom.

30.08.2013 EBN Acquires Share In Oil Production In L5A Block

On the 27th of August, GDF SUEZ E&P Nederland B.V. (GDF SUEZ) and EBN B.V. (EBN) finalized an acquisition of a 40% share in the L5a block in the Dutch North Sea. The L5a block is located 100 kilometres northwest of Den Helder and includes the L5a-E oil field.

30.08.2013 Sinopec To Buy 33% Stake In Apache Egypt

Sinopec Group, a leading Chinese oil and gas producer, announced Friday that it will buy a 33-percent stake in Apache Corporation's oil and gas business in Egypt for $3.1 billion.