Oil and Gas Industry Latest News

18.01.2013 Lukoil Announces New VP for Science & Technology

The LUKOIL Press Service would like to announce that Vladimir Mulyak, former Vice President for Technologies and Development of Oil and Gas Fields, has been appointed Vice President for Science and Technology of the Business Segment “Geological Exploration & Producti

18.01.2013 Falcon Oil & Gas Announces Final Approval of a Multi-Well Drilling Exploration Program with Naftna Industrija Srbije

Falcon Oil & Gas Ltd., the Toronto listed and Dublin headquartered company, focused on unconventional oil and gas exploration and production in Hungary, Australia and South Africa, announces that its Hungarian subsidiary TXM Oil and Gas Exploration LLC has executed t

18.01.2013 DNV Launches Global Practice for Shale Gas Risk Management

DNV has launched a recommended practice (RP) for the entire life cycle of shale gas extraction, based on risk management principles, industry best practices and standards.

18.01.2013 TNK-BP to Double Severo-Khokhryakovskoe Field Production in 2013

TNK-BP informs that it has launched a pilot project to drill wells with multistage fracs in its Severo-Khokhryakovskoe field (estimated ABC1 reserves of 55 mln tons). By now, drilling of the first directional well at well pad 118 has been completed.

18.01.2013 Dragon Oil Announces Two-Year Sale Agreement with SOCAR Trading

Dragon Oil plc, an international oil and gas exploration, development and production company, announced January 17 that the Group has reached a two-year agreement with Socar Trading for the sale of the full volume of our export entitlement production via Baku, Azerbaijan

18.01.2013 US to Produce More Fuel Than Russia in 2013 – BP

RIA Novosti reports that the United States is expected to surpass Russia and Saudi Arabia in 2013 as the world’s largest producer of crude oil and biofuels, British oil major BP said in its latest report published on Thursday.

18.01.2013 Gazprom 3Q Net Doubles on Weaker Ruble

Russian gas giant OAO Gazprom said Thursday that third-quarter net profit doubled from a year earlier on the back of a forex gain as the Russian ruble weakened against the U.S. dollar, reports Dow Jones.

18.01.2013 Several Gazprom Clients in Europe Request Gas Price Revision

Russia's OAO Gazprom has received requests this year from several European clients, including GDF Suez SA, to revise gas prices, Dow Jones cites a Gazprom executive on Thursday.

18.01.2013 Gazprom, Croatia Sign Deal To Construct South Stream Branch

Dow Jones reports that Russian natural gas producer OAO Gazprom said Thursday it had signed a deal with Croatia's state-owned pipeline operator Plinacro to build a branch to the country from the planned South Stream pipeline.

18.01.2013 Polish PGNiG Fourth-Quarter Natural Gas Imports Rise on Year

As reported by Dow Jones Wire, Polish state-controlled natural gas utility PGNiG (PGN.WA) imported 3.1 billion cubic meters of gas in the fourth quarter of 2012, compared to 2.9 bcm in the same period a year ago, the company said Thursday.