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Fossil Fuel Sector Seen Risking $2.2 Trillion on Stranded Assets

Nov 25, 2015

Fossil fuel companies risk wasting up to $2.2 trillion in the next decade by pursuing projects that could be uneconomic in the face of international action to limit climate change, UK-based financial think-tank Carbon Tracker Initiative ...

Tags: Fossil Fuel, natural gas, oil shale, oil sands

Abu Dhabi Seeks 25% Cost Savings on Major Oil Projects: Report

Nov 6, 2015

State-owned Abu Dhabi National Oil Co, (Adnoc) is seeking to cut 25% off its operating and capital spending, a senior official at the company was quoted as saying Thursday. "...we are trying to bring down operating expenditures and also ...

Tags: Abu Dhabi, oil

Driven in Large Part by The Rapid Expansion of Shale Oil and Gas Drilling and Production

Jul 17, 2015

Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oil field specialty chemicals at the service company level reached $25 billion in 2014, up from nearly $16 ...

Tags: chemicals, coating, paint pigment, shale oil

Iraq Set a New Post-War Record in April for Exports Through Its Southern Terminals

May 7, 2014

Iraq exported 2.509 million b/d of crude in April, all from its southern oil terminals as the country's northern export pipeline remained inoperable. April exports were 112,000 b/d more than the 2.397 b/d exported from the country in ...

Tags: Crude, oil terminals

South Korea Is Working on a Mid-Term Plan to Explore Oil and Gas

Apr 23, 2014

South Korea is working on a mid-term plan to explore oil and gas reserves off the country's coast as part of efforts to help reduce its heavy reliance on foreign crude imports, an energy ministry official said. "The government plans to ...

Tags: Oil, LNG, foreign crude imports

The New Engine Emphasises Wartsila's Leading Position in Dual-Fuel Engine Technology

Feb 27, 2014

Wärtsilä receives the first order for its new Slop Water Treatment System Monday, Feb 24, 2014 The new Wärtsilä slop water treatment system has been ordered for an ultra-deep water drill ship operating in the Gulf of ...

Tags: Wärtsilä, Water Treatment System

Inchcape Shipping Services,Has Secured a Further Significant Nomination

Feb 26, 2014

Inchcape Shipping Services supports offshore operations off the Southern Coast of Africa Thursday, Feb 13, 2014 Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has secured a further significant ...

Tags: Shipping Services, Offshore Operations, Inchcape

Helix Will Provide The Topsides&Manage The Integration of The Well Intervention Equipment

Feb 12, 2014

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has entered into agreements with Petróleo Brasileiro S.A. (Petrobras) to provide well intervention services offshore Brazil. Helix will be providing the services ...

Tags: Vessels, Service, Transportation

The Company and AMEC Have Negotiated Non-Binding Terms of a Business Combination Pursuant

Jan 15, 2014

Foster Wheeler AG (Nasdaq:FWLT) (“Foster Wheeler” or the “Company”) today confirmed that, following a comprehensive review of strategic alternatives, it has provisionally agreed with AMEC plc (“AMEC”) on ...

Tags: Foster Wheeler, AMEC, non-binding outline terms, business combination

Gazprom Neft Reported The Successful Completion of Well-Testing at Its BD4 Appraisal Well

Jan 14, 2014

Monday, Jan 13, 2014 Gazprom Neft, operator of the Badra oilfield, Iraq, has reported the successful completion of well-testing at its BD4 appraisal well at the end of December, 2013. Potential production capacity was tested through the ...

Tags: Gazprom Neft, IraqV First Oil

Hess Corporation's Sale of Its Pangkah Asset to a Subsidiary of PT Saka Energi Indonesia

Jan 14, 2014

Monday, Jan 13, 2014 Hess Corporation (NYSE:HES) today completed the previously announced sale of its Pangkah asset to a subsidiary of PT Saka Energi Indonesia, which exercised its pre-emption rights, for a total after tax consideration ...

Tags: Oil News, Gas News, Pangkah Asset, Pangkah Asset in Indonesia

Asher--Menashe License to Perform a Perforation & Stimulation Operation at Elijah #3 Well

Jan 13, 2014

Under Zion's Asher-Menashe License, the Company is required to perform a perforation and stimulation operation at the Elijah #3 well and conduct a production test. We plan to perforate the zone of interest, fluid stimulate the zone, and ...

Tags: Elijah#3 well, Zion, Asher-Menashe License, drill stem test

Strata-X Energy Ltd Provide an Update on The Continued Exploration and Appraisal Programs

Jan 8, 2014

The directors and management of Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX VENTURE:SXE) (ASX:SXA) are pleased to provide an update on the continued exploration and appraisal programs on the Company's Maverick and Vail Oil ...

Tags: Strata-X, update, exploration, appraisal program

Jura Energy : Drilling Has Commenced at The Ayesha-1 in The Badin IV South Block

Jan 7, 2014

Jura Energy Corporation ("Jura") (TSX:JEC) announced today that drilling has commenced at the Ayesha-1 in the Badin IV South block located in the Lower Indus Basin of Pakistan. The projected depth of the exploratory well is 2,400 meters, ...

Tags: Jura, Ayesha-1, Badin IV South block, Lower Indus Basin of Pakistan

BP Norway Has Extended The Contract for The Jack-up Maersk Reacher

Jan 6, 2014

BP Norway has extended the contract for the jack-up Maersk Reacher by two years from September 2014 to September 2016.BP Norway holds options to further extend the contract by up to additional four years until September 2020.The estimated ...

Tags: BP Norway, jack-up Maersk Reacher, contract extension, Maersk Drilling

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