Oil and Gas Industry Latest News

05.04.2013 Transneft Opposes Rosneft Plans to Increase Chinese Oil Supply via Kazakhstan

WEB EXCLUSIVE, Moscow. After signing a new supply agreement with CNPC on the sidelines of Chinese President Xi Jinping's visit to Moscow in late March, Rosneft is now looking for additional supply routes to China.

05.04.2013 Rosneft-Exxon Alaskan LNG Project Competes with Russia's Gas Ambitions in Asia

WEB EXCLUSIVE, Moscow. Rosneft's Igor Sechin announced plans this week to take part in a joint LNG project with ExxonMobil in Alaska.

05.04.2013 Gazprom and Yemen Exploring Possible Areas of Cooperation

A working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Abd Rabbuh Mansur Hadi, President of Yemen took place April 3 in Moscow.

05.04.2013 Roxi Petroleum Announces $40 Million Equity Investment Update

Roxi is pleased to announce that a further $2.5 million has been called and received under the previously announced $40 million equity commitment with Mr. Satylganov, a Director of the Company.

05.04.2013 Increased Production and Reduced Emissions from Statoil's Canadian Oil Sands

In 2012 Statoil increased oil sands production by more than 60% and reduced CO2 intensity by almost 24%. These results are published in the Statoil 2012 Oil Sands Report April 4.

05.04.2013 KBR Awarded Subsea 7 Topsides Contract for Chevron Lianzi Offshore Project

KBR announced April 4 that it was selected by Subsea 7 to perform the topsides design for the Chevron Lianzi development project in a unitized offshore zone between the Republic of Congo and the Republic of Angola.

05.04.2013 Noble Energy Announces Production From Tamar And An Increase In Resource Estimate

Noble Energy, Inc. (NYSE: NBL) today announced that the Tamar natural gas field offshore Israel has been successfully brought online with all five of the subsea wells now producing at stable rates totaling approximately 300 million cubic feet per day (MMcf/d).

05.04.2013 OMV: Further Important Milestones in the Kurdistan Region of Iraq

OMV, an integrated, international oil and gas company, announces the completion of important milestones in the Kurdistan Region of Iraq. An extended well test (EWT) commenced production from the Bina Bawi-3 well on March 20, 2013.

05.04.2013 Poland Doubts Reasonableness of Resuming Russia’s Yamal-Europe Project

Prime reports that Poland doubts the reasonableness of resuming the construction of Russia-led Yamal-Europe-2 natural gas pipeline, Mikolaj Budzanowski, Polish Treasury Minister responsible for the fuel and energy complex, told reporters late on Wednesday, as cited by RI

05.04.2013 Russia Resources Ministry Announces Study of Nord Stream Expansion

A study has been launched to assess the environmental impact of expanding the Nord Stream natural gas pipeline under the Baltic Sea, Russia's natural resources ministry said Thursday, according to Dow Jones.