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30.08.2013 Pakistan Believed To Have Record Gas, Oil Reserves

Pakistan has about 105 trillion cubic feet (TCF) of shale gas and over nine billion barrels of oil - far larger untapped reserves than previously known, according to a media report today.

30.08.2013 Bashneft-Polyus Starts Oil Production As Part Of The Trebs & Titiv Project

Bashneft-Polyus, a joint venture of JSOC Basneft and OJSC Lukoil, has started pilot production at the R. Trebs and A. Titov fields in the Nenets Autonomous District, the company reported in a news release.

28.08.2013 China Aviation Oil Expands in Singapore

China Aviation Oil (Singapore) Corporation Ltd (CAO) said on Tuesday that they had signed a product storage agreement to lease storage facilities in Singapore in order to gear up its fuel oil business.

28.08.2013 Second Gazprom award for Petrofac in Iraq

Petrofac has been awarded a second contract by Gazprom Neft Badra B.V. on the Badra Oil Field, situated 160km southeast of Baghdad City in the Republic of Iraq.

28.08.2013 Economic Crisis May Prompt India To Restart Iran Oil Import

The Deccan Chronicle reports that Prime Minister Manmohan Singh has sought $25 billion cut in oil import bill to narrow current account deficit, Oil Minister M Veerappa Moily said on Tuesday.

27.08.2013 Saudis Offer Russia Secret Oil Deal To Drop Syria

Saudi Arabia has secretly offered Russia a sweeping deal to control the global oil market and safeguard Russia’s gas contracts, if the Kremlin backs away from the Assad regime in Syria, the Sydney Morning Herald has reported.

26.08.2013 Trelleborg is Awarded Its Largest Ever Offshore Oil & Gas Order

Trelleborg has, through its business area Trelleborg Offshore & Construction, been awarded a contract to supply drill riser buoyancy modules to one of the major leading drilling companies in the world.

26.08.2013 Sinopec Profit Up 24.1% In H1

Net profit at the China Petroleum and Chemical Corporation (Sinopec), China's largest oil refiner, rose 24.1 percent in the first half of 2013 from a year earlier, the company said on Sunday.

26.08.2013 China's Oil Demand Meets North Sea Supply

The market for office space in Aberdeen reflects the liveliness of the city's economy more widely.

23.08.2013 China's Petrochina Eager For Reform

PetroChina Co Ltd, the nation's leading oil and natural gas producer, said on Thursday it expects a 20-billion-yuan ($3.3 billion) annual profit boost from the government's natural gas price reform.