Although oil demand will continue to increase globally, it will become the fuel with the slowest consumption growth because of structural changes in the energy sector, experts said. China will surpass the United States, becoming the ...
Petrobras announces that the first extension well 3-BRSA-1194-SES (3-SES-178) drilled in the Moita Bonita area, on concession BM-SEAL-10, has confirmed the extension of the gas and light oil discovery, as released to the market on August ...
The Norwegian Petroleum Directorate (NPD) has completed the mapping of possible CO 2 storage sites on the Norwegian shelf, and will publish an atlas of the southern part of the Barents Sea today. The atlas was prepared on request from the ...
The Egyptian Ministery of Petroleum has signed the Concession Agreement for the East Ras Budran Offshore area. RWE Dea is the operator, holding a share of 80%. The company plans a 3D seismic survey and one exploration well during the first ...
Tags: exploration, oil
Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN) (formerly Ivanplats, TSX: IVP), and Lars-Eric Johansson, Chief Executive Officer, announced today that the company's ongoing dewatering program has achieved its key initial ...
Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce the closing of the previously announced purchase of an additional 5.357% working interest in the Cuisinier Oil Field and Petroleum Lease 303 ('PL303') (the ...
Qatar Petroleum(QP)and Qatar Petrochemical Company(QAPCO)have revealed the logo of the Al Sejeel Petrochemical Complex,bearing the colors of the Qatari flag,and also announced the award of the project's Front-End Engineering and ...
Petrobras announces the discovery of an oil accumulation on concession BM-POT-17, the first in deep waters of Potiguar Basin, in its portion located in the state of Rio Grande do Norte. The discovery was made while drilling well ...
Tags: Petrobras, oil accumulation, BM-POT-17
Tullow Oil plc(Tullow)announces that the Paon-2A appraisal well in the CI-103 licence offshore Côte d'Ivoire has determined the down-dip extent of the Paon oil accumulation.The well encountered the water below the oil accumulation ...
Nido Petroleum Limited(ASX:NDO)("Nido"or the"Company")is pleased to advise that the Company has signed a binding rig contract with UMW Standard Drilling Sdn Bhd('UMWSD')for the Jack Up drilling rig"UMW Naga 5"to drill the Baragatan prospect ...
Tags: Nido Petroleum Limited, UMW Standard Drilling Sdn Bhd, UMW Naga 5
The Federal Government of Pakistan’s decision to ensure gas supply of 100 million cubic feet per day (mmcfd) to the textile industry in Punjab would ensure continuation of work for around 3 million textile workers, said All Pakistan ...
Tags: Gas Supply, Textile
Rocksource ASA("Rocksource"or"the Company")announces that the Company has executed closing of the farm-in agreement with Fortis Petroleum Norway AS for a ten per cent interest in licences PL 509S&BS on the Norwegian Continental Shelf(NCS). ...
Tags: Rocksource, farm-in agreement, Fortis Petroleum Norway AS, PL 509S&BS
Russian President Vladimir Putin and Rosneft President Igor Sechin took part in the launch of the most powerful Russian crude distillation unit CDU-12 at Tuapse refinery. Modernization of Tuapse refinery suggests in-process construction ...
Tags: Vladimir Putin, Igor Sechin, Russian crude distillation unit, CDU-12
LINN Energy, LLC (Nasdaq:LINE) and LinnCo, LLC (Nasdaq:LNCO) announced today the successful completion of the previously announced merger between LinnCo and Berry Petroleum Company (NYSE:BRY). Under the terms of the agreement, LinnCo has ...
Tags: merger of company, LINN Energy, LinnCo, Berry Petroleum Company
Platts – Oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 29.7 million barrels per day (b/d) in November, the lowest volume since mid-2011 when the uprising in Libya significantly reduced the ...
Tags: Platts, OPEC, oil production, Platts survey of OPEC