East Timor's Kitan condensate will no longer be available in the spot market as the ultra-light oil field reached the end of its normal life, market sources said Monday. "After January, there will be no more [Kitan cargoes]," a trade ...
Tags: ultra-light oil field, condensate, crude
GE has inked a pact for selling its fleet operations in the US, Mexico, Australia and New Zealand to Element Financial Corporation for $6.9bn, as well as divested its European fleet businesses to BNP Paribas arm Arval. While the ...
Vietnam is going full steam to boost its economy. After the recent decision to establish joint chamber of commerce with Germany, Vietnam has turned its attention to Italy. Italian enterprises in the garment, leather and footwear, wood and ...
Tags: Apparel, Accessories
The Urals crude market strengthened sharply Wednesday in both Northwest Europe and the Mediterranean as buying interest increased sharply to clear some remaining prompt June cargoes. Differentials for CIF Augusta Urals Aframax cargoes ...
Tags: Crude Oil, crude market
The Angola LNG plant is expected to resume production in mid-2015 after a rupture on a pipeline forced it to shut down, a spokesman for Angola LNG said Wednesday. "Following investigation into the incident that took place at the plant in ...
Nigeria has emerged as the second-largest importer of US jet fuel and has also started bringing in atypical US kerosene barrels, according to data released Tuesday by the US Energy Information Administration. Nigeria imported 864,000 ...
Tags: Jet Fuel, jet trader
Nigerian Petroleum Development Co., the upstream arm of state oil company NNPC, Monday announced a $5.2 billion, four-year investment plan aimed at raising oil production to 300,000 b/d mainly from assets acquired from foreign oil companies ...
Tags: Oil Output, Metallurgy
Sound Oil, the European / Mediterranean focused upstream oil and gas company, announces that it has signed a Letter of Intent ("LOI") for the forthcoming well addressing the Nervesa discovery on the Carita permit in Northern Italy. As ...
Tags: Sound Oil, Letter of Intent, Nervesa, Carita permit
MEO Australia Limited (ASX: MEO) provides the final update in relation to Blackwood-2 being drilled in NT/P68, operated by Eni Australia Ltd (Eni). Since the last report, in accordance with pre-drilling plans, the well was plugged and ...
Tags: MEO Australia Limited, update, Blackwood-2, NT/P68, Eni Australia Ltd
Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to announce the award of the Santa Maria Goretti Permit ("SMG Permit") from the Italian Ministry of Economic Development. The onshore SMG Permit sits ...
A group comprised of 17 oil and gas companies has established a project for joint seismic acquisition in the southeastern Barents Sea. Statoil is the operator of the project. At the request of the Norwegian Ministry of Petroleum and ...
Tags: Metallurgy, Mineral, Energy, oil, gas
Statoil ASA has together with its partners Eni Norge AS and Petoro AS made an oil and gas discovery in the Skavl prospect in PL532, close to Johan Castberg in the Barents Sea. Well 7220/7-2 S, drilled by the rig West Hercules, has proven ...
Tags: Oil and Gas News, New Oil and Gas Discovery, Johan Castberg
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Cesare Maria Ragaglini, Ambassador Extraordinary and Plenipotentiary of the Italian Republic to Russia. The ...
Tags: Natural Gas, Gas Supply, Russian
The Caspian Pipeline Consortium expects to complete construction work on phase one of the expansion of the line which carries crude from Kazakhstan to the Russian Black Sea port of Novorossiisk in October 2014, CPC said in a statement ...
Tags: Metallurgy, Crude Pipeline
Today in Kiev, Eni signed a Production Sharing Agreement with the Ukrainian government, represented by the Minister of Energy Eduard Stavytsky, in the presence of the President of Ukraine Viktor Janukovi? , for the exploration and ...
Tags: Metallurgy, Mineral, Energy, oil