Oil and Gas Industry Latest news

12.06.2014 Oil On Fire At Lukoil’s Arctic Field

For the second time in a month, a major fire rages at one of Lukoil’s facilities in the Komi Republic.

12.06.2014 New Tundra Road Paves The Way For Igor Sechin

Moscow confirms that federal financing will be granted to the building of a new road connection to the Pechora Sea. The road is likely to be of key importance for Rosneft’s new Arctic project.

12.06.2014 Russian Pacific port raises 2014 crude oil export forecast

Russia's Pacific port of Kozmino plans to export 24.6 million tonnes of oil this year (494,000 barrels per day), up from 21.3 million tonnes last year, Deputy Energy Minister Kirill Molodtsov said on Tuesday.

12.06.2014 Fine Tubes to Supply Advanced Tubing for Total’s Egina Project

Fine Tubes has been awarded a major order by FMC Technologies for the supply of advanced tubing for Total's offshore Egina project, the company reported in a news release.

12.06.2014 GERB Leader Woos US Investors with Tenders for Black Sea Gas Fields

Boyko Borisov, ex Bulgarian Prime Minister and leader of center-right party GERB, has vowed transparent oil and gas exploration tenders as soon as the party returns to power.

12.06.2014 Mexican Senate Starts Discussions on Oil Reform

Mexico's senate began discussions Tuesday on enabling legislation to implement historic constitutional reform opening the country's oil industry to foreign investment for the first time since 1938.

12.06.2014 Russia confirms plan to stimulate Caspian offshore hydrocarbon production

The Russian government has confirmed its Plan for the overall stimulation of hydrocarbon production on the Russian continental shelf in the Russian section of the Caspian Sea, the Russian Energy Ministry has reported.  The Plan was first presented in 2012, during a meeti

11.06.2014 Orlen acquires new production assets in Canada, doubling its oil and gas reserves

Operating through its subsidiary TriOil Resources Ltd. (“TriOil”), PKN ORLEN has completed its acquisition of Canadian-based oil and gas producer, Birchill Exploration LP at total price of CAD 255.6 million, which is around PLN 707.5 million.

11.06.2014 Baker Hughes Appoints New Members to Board of Directors

Baker Hughes Incorporated (NYSE: BHI) has appointed Greg Brenneman, chairman of CCMP Capital Advisors, LLC (CCMP Capital), and W.H.

11.06.2014 Zeta Petroleum pulls out of Romanian deal

Zeta Petroleum plc, the ASX listed oil and gas exploration and production company, announces an update in relation to the proposed acquisition of an interest in an oil concession in Romania, further details of which were originally announced on 22 July 2013.