Oil and Gas Industry Latest news

18.03.2014 Belarusian state company updates process liquids

Mass implantation of new generation drilling mud (developed in-house) has started at the fields of Belorusneft, the company’s press office said on March 17.

18.03.2014 Ukrainian ministry, Chevron discuss Olesskaya field

Ukrainian environment minister Andry Mokhnyk and Chevron representatives on March 13 discussed exploration at the Olesskaya shale gas field in the regions of Lvov and Ivano-Frankovsk, the ministry has said on its website.

18.03.2014 Crimea seizes Ukrainian oil and gas assets

The Crimean parliament has said the assets of the Ukrainian companies Ukrtransgaz, Chernomorneftegaz and the Feodosia petroleum products terminal would belong to Crimea.

18.03.2014 UN says oil and gas field in Sea of Okhotsk belongs to Russia

The UN commission for continental shelf has ruled that a 52,000-sq.km field in the central part of the Sea of Okhotsk shall belong to Russia, RBC has reported.

18.03.2014 US forces seize tanker seeking to ship illicit Libyan oil

U.S. Navy SEALs boarded a tanker carrying oil from a port controlled by rebels in eastern Libya, thwarting the group’s first attempt to sell crude independently of the central government, Bloomberg reported on March 17.

18.03.2014 Encana may sell US natural gas field

Encana Corp. may sell its huge Jonah natural-gas field in Wyoming to a pair of U.S.

18.03.2014 Oil pipeline bombed in Colombia

An oil pipeline was bombed in Colombia's Norte de Santander province, the mayor of Cubara said, the 17th time this year it has been attacked, UPI reported on March 17.

18.03.2014 Brazil’s Petrobras reportedly to cut diesel import in 2014

Brazil's state-run oil company Petrobras is likely to import an average of 150,000 to 160,000 barrels per day (bpd) of diesel fuel in 2014, as much as 14 percent less than the 174,000 bpd average in 2013, an industry source with direct knowledge of the situation told Reu

18.03.2014 Indonesia’s Pertamina allocates $3.7 billion for new production

State-owned oil and gas giant PT Pertamina has allocated a budget of US$3.75 billion to increase production of geothermal and oil and gas this year, Jakarta Post reported on March 17.

18.03.2014 Iran to produce more oil, gas

Iran forecasts an increase in its crude oil and natural gas production in Iranian calendar year 1393, which begins on March 21, Tehran Times reported on March 17.