Remote aerial inspection company Cyberhawk Innovations and Stork Technical Services have won the Business Efficiency category in the Oil and Gas UK Awards 2012 for a money-saving and time-saving assessment of offshore asset condition. The inspection is the first offshor
Belarus is ready to deliver to Russia oil, processed from Russian oil, but expects to receive from such supplies economic gain.
Rosneft today announced the creation of a strategic advisory group that will consolidate the financial assets of Rosneft and launch a full service financial institution.
Today in Sofia in the presence of Bulgarian Prime Minister Boyko Borisov a new long-term contract for Russian natural gas supplies to Bulgaria was signed by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Director General of Gazprom Export and Di
Cameron and Schlumberger announced the creation of OneSubsea, a joint venture to manufacture and develop products, systems and services for the subsea oil and gas market.
The Deputy CEO of Naftogaz (Ukraine), Vadim Chuprun, announced that in 2013, the country would cut its imports of Russian natural gas to 20 billion cubic meters from 27.5 billion in 2012.
Iranian Oil Minister Rostam Qasemi said that that his country currently has no oil shortage, noting this was true "even without importing gas from Turkmenistan".
Despite Western sanctions there has been an increase of approximately 70,000 barrels per day (bpd) of Iranian oil exports.
A new report touting American energy self-sufficiency is sounding the alarm for increasing Asian access for Alberta bitumen.
HMS Neftemash, a subsidiary of HMS Group, has succeeded in bidding process and signed a contract with KarakudukMunai, an operating subsidiary of Lukoil Overseas for delivery of pumping station with gas piston engine.