Oil and Gas Industry Latest News

20.11.2012 Cyberhawk, Stork Technical Services win prestigious Oil & Gas UK Award for innovation

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

20.11.2012 Belarus ready to deliver petroleum products processed from Russian oil to Russia

Belarus is ready to deliver to Russia oil, processed from Russian oil, but expects to receive from such supplies economic gain.

19.11.2012 Rosneft announces strategic advisory group

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.

19.11.2012 Gazprom announces new long-term contract signed for Russian gas supplies to Bulgaria

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

19.11.2012 Cameron, Schlumberger form subsea joint venture targets subsea oil production and recovery

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.

19.11.2012 Ukraine plans to slash Russian natural gas imports in 2013

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.

19.11.2012 Iran has no gas shortage has halted Turkmen gas imports

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".

19.11.2012 Iran crude exports rising, despite sanctions

Despite Western sanctions there has been an increase of approximately 70,000 barrels per day (bpd) of Iranian oil exports.

16.11.2012 Selling oil to Asia critical: Canadian Minister

A new report touting American energy self-sufficiency is sounding the alarm for increasing Asian access for Alberta bitumen.

16.11.2012 HMS Group to produce equipment for Lukoil Overseas

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.