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First Oil Produced From Snepco-Operated Bonga North West Deep-Water Project in Nigeria

Dec 10, 2016

“This is an excellent addition to our deep-water portfolio – a key growth theme for Shell’s world-wide upstream business,” said Andrew Brown, Shell’s Upstream International Director. “It’s also good ...

Tags: First Oil, Deep-Water Project

Saudi Cabinet Increases Oil Prices and Service Tariffs

Dec 31, 2015

Oil prices have been raised in Saudi Arabia. At the same time, the Saudi cabinet has also added tariffs on electricity, water and sanitation services. Saudi officials have approved a national budget for the coming year with a deficit of ...

Tags: Saudi Cabinet, Oil Prices, Service Tariffs

One of The Big Benefits of The Sharp Fall in Oil Prices:a Drop in Raw Material Costs

Jan 21, 2015

For coatings producers one of the big benefits of the sharp fall in oil prices in the second half of last year (2014) should be a drop in raw material costs. Some commentators are also predicting a rise in demand due to the effect of ...

Tags: Oil Prices, Raw materials, Construction

ICE August Brent Settled 48 Cents Higher at $112.94/Barrel

Jun 23, 2014

Oil futures held near nine-month highs Monday on concerns that escalating violence in Iraq could spread to the country's oil-producing southern region. ICE August Brent settled 48 cents higher at $112.94/barrel. The front-month contract ...

Tags: Oil Futures, Crude futures

Southern England Could Hold Between 2.2 Billion and 8.5 Billion Barrels of Oil Resource

May 28, 2014

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

Africa's Biggest Oil Producer Seeks Balance Between Profits & Benefits in Emerging Markets

Jan 24, 2014

Africa's biggest oil producer seeks balance between its profits and benefits in emerging markets such as China As Nigeria's government prepares to implement the Petroleum Industry Bill that will provide "long-term" investment prospects, ...

Tags: oil producer, Mineral

The Researchers Placed These Liquid Crystals Into Water Droplets

Jan 22, 2014

Liquid crystals are remarkable materials that combine the optical properties of crystalline solids with the flow properties of liquids, characteristics that come together to enable the displays found in most computer monitors, televisions ...

Tags: Liquid Crystal, Chemicals

Europa Oil & Gas' Phase 1 of The PEDL181 Licence Was Extended by One Year

Jan 15, 2014

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to announce it has received notification from the Department of Energy and Climate Change ...

Tags: Europa Oil&Gas, Department of Energy and Climate Change

PTOG and Their Partner Acquired All Necessary Equipment to Rework Four Wells

Jan 8, 2014

PetroTech Oil and Gas Inc. (OTC: PTOG) (the "Company" or Petrotech") today announced that PTOG and their partner on this program have acquired all of the necessary equipment to rework four wells on the Nowata lease in Oklahoma. The company ...

Tags: Oil News, Gas News, PetroTech Oil and Gas Inc, Drilling Program

Artisan Has Signed a Purchase and Sale Agreement with Magnum Energy Inc.

Jan 2, 2014

Artisan has signed a purchase and sale agreement (subject to certain closing conditions) with Magnum Energy Inc. ("Magnum") (TSX VENTURE:MEN), to acquire Magnum's 50% working interest in 2,720 gross acres (1,360 net acres) of land in the ...

Tags: Artisan, purchase and sale agreement, Magnum Energy, Provost Asset

PetroTech Oil and Gas Inc. Are Moving Forward on Plans to Complete Three New Drills

Dec 19, 2013

PetroTech Oil and Gas Inc. (OTC: PTOG) (the "Company" or Petrotech") today announced that they are moving forward on plans to complete three new drills on their existing Nowata lease in Oklahoma. While reworking existing wells that are now ...

Tags: Petrotech Oil and Gas, new drills, Nowata lease in Oklahoma, PTOG

Mott MacDonald Oil & Gas Was Awarded a Contract for The Provision of Technical Support

Dec 17, 2013

Mott MacDonald oil & gas was awarded a contract for the provision of technical support services by CPE (China Petroleum Engineering) for Phase 2 and 3 of Halfaya oilfield in Iraq. The field is located near Amarah in south east Iraq and is ...

Tags: Oil and Gas News, CPE, Mott Macdonald, Technical Support

Hallin Marine Announces a Direct Project Contract with COOEC

Nov 13, 2013

Hallin Marine, a Superior Energy Services company, announces a key first in its history with the securement of a direct project contract with COOEC Subsea Technology Company Limited, part of the China National Offshore Oil Corporation ...

Tags: Hallin Marine, Mineral

China's Net Oil Imports Are Very Likely to Exceed Those of The US by October This Year

Aug 15, 2013

China's net oil imports are very likely to exceed those of the US by October this year on a monthly basis and by 2014 on an annual basis, making China the largest net oil importer in the world, the US Energy Information Administration (EIA) ...

Tags: Net Oil Importer, imported oil

China CNPC Has Signed a Cooperation Agreement with US-based Hess

Jul 26, 2013

State-owned China National Petroleum Corp said Wednesday it has signed a cooperation agreement with US-based Hess for a block in China's western Xinjiang province. CNPC said the contract for the Malang block in the Santanghu Basin was ...

Tags: Santanghu Block, Chemicals

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