Oil and Gas Industry Latest News

19.12.2012 TATNEFT company has constructed an oil pipeline under the Kama River bed

TATNEFT has put into operation a new pressure oil pipeline "Pervomaysky tank farm - "Naberezhnye Chelny" pumping station of NGDU "Prikamneft" having the designed throughput capacity of 1574.92 thousand tons of transported crude oil per year (135.0 tons per hour).

19.12.2012 Gazprom Transgaz Surgut ends five-year upgrade of two compressor stations

Gazprom Transgaz Surgut has completed a comprehensive upgrade of compressor workshops at the Yarkovo and Samsonovsky Line Pipe Operation Centers.

19.12.2012 Gazprom gets ok to sell 51% of Nortgas to Gazprom Neft

Russia's anti-monopoly regulator said it had approved the sale Gazprom of its 51% stake in gas producer Nortgas to its subsidiary Gazprom Neft.

19.12.2012 Weatherford releases Field Office 2012 for comprehensive production optimization

Weatherford announced the release of the Field Office 2012 edition.

19.12.2012 ConocoPhillips to sell Algerian unit to Pertamina for $1.75 billion

ConocoPhillips agreed to sell its Algerian business unit to Indonesian state energy company PT Pertamina for $1.75 billion, plus customary adjustments, as part of its ongoing asset-disposition program.

19.12.2012 Gazprom to cut gas price for Europe in 2013

Russia's Gazprom , pressured by customers and competitors to reduce its gas charges, is likely to cut long-term contract prices to Europe next year to levels comparable to the spot market, a source at the company said.

18.12.2012 Gazprom Seeks End to Shtokman Deadlock

According to the company, a tender on the construction of the huge Arctic project will be held in January 2013. The plant will have a production capacity of 30 million ton per year, and will be built in the Orlovka Valley near Teriberka on the Kola Peninsula.

18.12.2012 Russian industry is capable, Gazprom says

Based on quotes from Aleksandr Mandel, head of subsidiary company Gazprom Dobycha Shelf, the BarentsObserver story argued that Russian energy companies depend on technology and equipment from foreign companies when developing offshore Arctic projects.

13.12.2012 Russian and Ukrainian Officials Hint At New Gas Deal Within Week

Reuters reports December 12 that Russia and Ukraine might be close to signing a new gas supply deal next week, ending a long-term stand-off that has repeatedly threatened Europe's energy security, officials from both sides indicated on Wednesday.

13.12.2012 ExxonMobil study predicts North America becoming energy exporter by 2025

Xinhua reports that surging oil and gas production will help North America become a net exporter of oil and gas by 2025, U.S. energy giant ExxonMobil said in its annual energy outlook released Tuesday.