Wood Group Mustang has been awarded the contract to provide front-end engineering design (FEED) services for Hess Corporation's Stampede tension leg platform (TLP) to be located in 3,500 feet of water in the Gulf of Mexico, Green Canyon ...
Tags: Wood Group, Front-End Engineering, TLP
Global demand for naphtha will expand faster than any other light products through 2020, spurred by rising needs of the petrochemical industry in Asia, as per the latest report by the Organization of Petroleum Exporting Countries (OPEC). ...
Tags: naphtha, light products
China's daily imports of crude rebounded in September from the previous month to a fresh record, bearing out forecasts for the country to overtake the United States as the world's largest oil importer, as refineries restarted following ...
Abu Dhabi National Energy company TAQA said on Monday it has received approval from the Kurdish regional government in northern Iraq to develop the first phase of the Atrush oil field, Emirati news agency WAM reported. According to the ...
One of the priorities of Iran's Oil Ministry is to restore the country's "lost" share in oil market, local media quoted Iranian Oil Minister Bijan Namdar-Zanganeh as saying on Monday. Namdar-Zanganeh, who was endorsed as new oil minister ...
Tags: Oil Market, Energy
China's biggest energy firm PetroChina (0857.HK) will join Exxon Mobil (XOM.N) in developing Iraq's giant West Qurna oilfield and is in talks with Russia's Lukoil (LKOH.MM) to buy into a second project at the field, industry sources said. ...
Tags: PetroChina, Iraqi Oilfield
Possible deals said to be in the works with Exxon Mobil, Russia's Lukoil PetroChina Co, China's largest oil explorer, may join with United States-based energy giant Exxon Mobil Corp to co-develop the West Qurna oilfield in Iraq, which ...
Tags: Petrochina, Chemicals
Sunshine Oilsands Ltd has selected GE to design and supply produced water evaporation systems for its West Ells project in Ft McMurray, Alberta, Canada. The steam-assisted gravity drainage (SAGD) project will initially produce 10 000 ...
Iraq’s Cabinet has authorized the Oil Ministry “to sign an agreement of principles” on two key oil and natural gas pipeline projects, reports Platts. The agreement will be between the Iraqi Oil Ministry, the Iranian Oil ...
Tags: Cabinet, Iran-Syria Pipelines, Iraq
The Province of Missan has emerged as a major oil producer in Iraq as more of its oil fields come on stream. Ali Muaarij, the head of Missan Oil Company, said foreign firms are developing these fields and currently the province produces ...
Tags: oil, Iraq, oil industry
Reuters reports that Iraq has sweetened the terms for oil contract buyers and is becoming more competitive on pricing. Oil Minister Abdul Kareem Luaibi [Elaibi], who met customers in Vienna last month on the sidelines of the OPEC meeting, ...
The China Petroleum Pipeline (CPP) company is said to be close to winning a $650-million contract to build a pipeline linking the southern oilfields in Maysan province to the al-Fao [al Faw] storage depots. The chief of state-run Maysan ...
Tags: China, Iraq, Oil Pipeline
Reuters has reported that BP will undertake work to arrest declining production at the Kirkuk oilfield, in a move that has outraged the Kurdistan Regional Government. Abdul Mahdy al-Ameedi, head of the oil ministry’s Petroleum ...
Tags: Tensions, BP, Kirkuk Deal
Iraq and the Russian state oil producer Gazprom Neft have awarded an $879 million contract to South Korea’s Samsung Group to develop the Badra oil field in eastern Iraq. Samsung will design and build phase two of a central ...
Tags: Samsung, Badra Deal, Iraq
Iraq’s crude oil exports fell by 11 percent in December due to bad weather in southern oil export terminals and the suspension of exports from Kurdistan, according to a report from Dow Jones. Exports averaged 2.348 million bpd, down ...