Aker Solutions has been awarded a topside modification contract by Statoil to increase oil recovery at Gullfaks South. Estimated contract value is NOK 180 million.
CNOOC Limited announced that its parent company, China National Offshore Oil Corporation(“CNOOC”), has officially submitted a registration application to Ministry of Civil Affairs of the People’s Republic of China for establishment of “CNOOC Marine Environmental and Ecol
Rosneft agreed heads of terms for long-term crude supply contracts with Glencore International plc (‘Glencore’) and Vitol, two of the world’s leading trading companies.
RIA Novosti reports that Russia’s largest privately-owned oil company LUKoil has cut its oil output plan for the West Qurna-2 oilfield in Iraq by 30 percent.
Russia’s Irkutsk Oil Company will increase investments by around 20% to 17 billion rubles in 2012, Board Chairman Nikolai Buinov, said Thursday at a news conference.
Novatek, Russia's largest independent natural gas producer, said it expects to sign contracts to supply liquified natural gas from a plant on the Yamal peninsula in Russia's Arctic in the second quarter of 2013, Vedomosti daily business newspaper reported Wednesday.
Brazil's mining giant Vale announced Wednesday it would sell its stakes in an oil and gas exploration partnership with Statoil Brazil for 40 million U.S. dollars in cash, according to Xinhua.
Azerbaijan increased gas exports (customs processing) by 93.3% from October to November, and by 7.1% for 11 months year-on-year in 2012. In November its share in the overall export reached 2.54% against 2.61% in 2011.
According to an AP report, an Iraqi Kurdish official said on Tuesday that the country's self-ruled northern Kurdish region has suspended oil exports over a payment row with Baghdad, a development that could add to already souring relations between the Kurds and the Arab-
Pinhoe-1 and Arnhem-1 discoveries expand natural gas resource potential in the Carnarvon Basin.