The Jurassic shales of southern England's Weald basin could hold between 2.2 billion and 8.5 billion barrels of oil resource but no gas, the UK government said Friday in a new report. The Department of Energy and Climate Change also ...
Tags: Shale Oil, offshore production
The World Bank will fund infrastructure projects worth $245 million to revamp facilities in Uganda's Albertine oil region, ahead of first oil production in the country, Uganda's President Yoweri Museveni said in a statement Thursday. ...
Tags: Infrastructure Funds, Oil
UK-listed independent producer Afren Tuesday said it planned to begin further development drilling at its Nigerian offshore Ebok, Okwok and Okoro oil fields in the third quarter in a bid to bolster oil reserves and production. ...
Tags: oil production
The UK could see its first increase in offshore oil output in over a decade this year and the start of a slight recovery, BP regional vice president for Europe, Peter Mather, said Tuesday. His comments were balanced by a longer-term ...
Tags: Oil Output, offshore oil output
Some supply tightness caused Thursday's gains to be extended Friday on the UK's NBP trading hub, providing a further break for what has been largely a bearish market. At 11:00 am London time, the within-day contract was valued at 47.80 ...
Tags: Bearish Market, LNG
Based on the US Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported Wednesday that steel import permit applications for the month of April total ...
LINE-X Protective Coatings will be attending the Offshore Technology Conference at the Reliant Center in Houston. Held annually, the Offshore Technology Conference is the world's foremost event for the development of offshore resources in ...
Tags: Construction, Decoration
Since the end of 2013, GEOMET 321 has been used by SIEMENS WIND POWER A/S on fasteners of wind turbine blades. For this application, SIEMENS WIND POWER A/S requires that the coating must be able to exist in a C5-H environment (according to ...
Tags: Wind Power, Offshore Sector
ABS secures Prestigious FLNG classification contract Tuesday, May 06, 2014 ABS, a leading provider of classification and technical services to the global offshore industry, has been awarded the classification contract from PETRONAS, ...
Tags: ABS, FLNG Classification Contract
China has officially unveiled this year’s energy policies and will continue to develop renewable energy. To drive investment and demand to installations, the Chinese government implemented some feed-in tariff (FiT) programs and ...
Tags: Renewable Energy, Solar Energy
The Vietnamese government and state-owned PetroVietnam have objected to drilling operations by China National Offshore Oil Corp. in the South China Sea, saying that a rig owned by the Chinese company is in Vietnamese waters. Vietnam's ...
The volume of US natural gas traded during bidweek is poised for its fourth straight year-on-year decline as banks and other large players pull back from the monthly baseload market, according to a Platts examination of ...
Tags: Natural Gas, physical deals
"We had a good start to the year in our chemicals business and in the Agricultural Solutions segment. We sold more. This more than compensated for the negative effects on sales from the comparatively weak U.S. dollar and currencies in ...
Tags: Construction, Decoration, Chemicals, Oil, Gas
The physical North Sea market is strengthening against the paper market, reaching a six-week high on Friday and bid higher Monday, as the return of some refineries from maintenance adds to crude demand, while less output than expected is ...
Tags: Physical Crude, Increased Demand
UAE-based steel producer Emirates Steel Industries (ESI) has announced that it has launched its new steel sheet pile product, becoming the only steel manufacturer in the Middle East to develop and sell sheet piles. Emirates Steel plans to ...
Tags: Emirates Steel, sheet piles