Oil and Gas Industry Latest news

10.10.2014 Venezuela Ordered to Pay $1.6 bln to Exxon

An international arbitration panel has ordered Venezuela's socialist government to pay $1.6 billion to ExxonMobil for the seizure of a major oil project in the South American country and other losses.

10.10.2014 Why Oil Prices Will Be 'Robust' Long-Term: Shell CEO

The decline in the price of oil has been one of the most prevalent stories in financial markets this year.

10.10.2014 New Round of Ukraine-Russia-EU Gas Talks to be Held in Berlin October 21

A new round of trilateral talks on supplies of natural gas to Ukraine will be held in Berlin on October 21, Russia’s Energy Ministry said on Friday, ITAR-TASS reported.

10.10.2014 ABB Opens New Low Voltage Factory in Indonesia

ABB today opened a new production facility in Cibitung, West Java, to double ABB’s miniature circuit breaker (MCB) production capacity within the region, to meet growing market demands driven by rapid urbanization and the growing industrial sector.

10.10.2014 Kazakh Ministry of Energy Proposes Installing Metering Devices on Oil and Gas Wells

Minister of Energy of Kazakhstan Vladimir Shkolnik suggested equipping oil and gas wells with monitoring devices, Tengrinews correspondent reports from an extended meeting of the Committee on ecology and natural resource management of the Mazhilis, the lower chamber of t

10.10.2014 New Discovery for Algeria

Algeria reported an oil and gas discovery in the Berkine Basin made by Sonatrach in partnership with Gazprom. The new discovery was made in the El Assel area at Block 236b; the well was drilled to a final depth of 4,120 meters, Sonatrach said in a statement.

10.10.2014 Polarcus Northwest Africa 3D Multi-client Projects in the Spotlight

The FAN-1 oil discovery offshore Senegal announced by Cairn Energy and its joint venture partners on 07 October is exciting news for companies exploring this northwest African shelf.

10.10.2014 Polarcus Northwest Africa 3D Multi-client Projects in the Spotlight

The FAN-1 oil discovery offshore Senegal announced by Cairn Energy and its joint venture partners on 07 October is exciting news for companies exploring this northwest African shelf.

10.10.2014 LUKOIL Ships Next Batch Of Iraqi Oil

Two oil carriers with a capacity of two million barrels each have been chartered by LITASCO (LUKOIL's international marketing and trading arm) and have begun loading in the Southern Iraqi port of Basra to transport buy-back oil under the West Qurna-2 project on October 9

10.10.2014 NOVATEK Reports Preliminary Operating Data for the 3rd Quarter and Nine Months 2014

NOVATEK reported preliminary production data for the third quarter and nine months 2014.