Oil and Gas Industry Latest news

04.09.2014 Statoil Has Completed Wells in US Gulf of Mexico the Kwanza Basin in Angola

Statoil has completed the Martin well in US Gulf of Mexico and the Dilolo well in the Kwanza basin in Angola.

US Gulf of Mexico

04.09.2014 US Shale Boom Could Hit Africa's Oil Producers

Foreigners have been pouring money into Africa. Last year, foreign direct investment in Sub-Saharan nations hit a near record US$43 billion, boosted by new oil and gas discoveries.

03.09.2014 Baker Hughes Acquires Weatherford's Pipeline and Specialty Services Business

Baker Hughes Incorporated (NYSE: BHI) and Weatherford International plc (NYSE: WFT) today announced that they have closed the previously announced purchase and sale of Weatherford's pipeline and specialty services business.

03.09.2014 Romgaz Invests EUR 27 mln in Urziceni Gas Depot

Romgaz Medias invested EUR 27 million in increasing gas storage capacity of its depot in Urziceni, Ialomita county, according to an announcement made on Tuesday by the company.

03.09.2014 Belorusneft Sets New Drilling Record

Belorusneft achieved new drilling depth record. Now it is 5,625 m. The new record was fixed at the first ultra-deep parametric well No. 1 “Predrechickaya” on August 27. The record authorship belongs to Sergey Bolshakov’s team, operating Bentec drilling rig.

03.09.2014 Russia, Bulgaria Want to Remove South Stream from 3d Energy Package

Russia and Bulgaria are discussing the possibility of reclassifying the Bulgarian part of the South Stream pipeline into a field pipe to relieve it from the EU’s third energy package, a source familiar with last week’s talks between EU Energy Commissioner Gunther Oetting

03.09.2014 Gazprom: Modernizing Ukraine's Gas Pipes Would Cost $19.5 bln

Modernizing Ukraine's gas transportation system would cost an estimated $19.5 billion at a minimum and would do nothing to reduce risks to transit of Russian gas to Europe, according to an article in the Financial Times authored by Gazprom spokesman Sergei Kupriyanov.

03.09.2014 GE’s Distributed Power Gas Turbine Technology ‘Lands’ for the First Time in the Philippines

GE (NYSE: GE) announced its jet engine-based aeroderivative gas turbines have been chosen to power First Generation Corporation’s (First Gen) Avion power plant in the Philippines.

03.09.2014 Russia Can Complain to WTO about Law on Ukrainian Gas Network Operator – Russian Energy Ministry

Russian Energy Ministry believes that Moscow has the right to appeal to the World Trade Organization (WTO) in regards to the law on the reformation of the management system of the Ukrainian gas network, the newspaper Izvestiya wrote on Tuesday, with reference to the Depu

03.09.2014 RGU Launches 'Big Data' Center for Oil & Gas Industry

Aberdeen's Robert Gordon University (RGU) announced Tuesday that it is launching a data technologies center that will focus on 'Big Data' analytics, particularly for the oil and gas sector.