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Chinese Oil Companies Prompted to Reduce Output

Jan 11, 2015

Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...

Tags: crude prices, Crude Oil

China's Largest Oilfield to Cut Output Next Year

Jan 1, 2015

China's largest oilfield, the Daqing Oilfield, in northeast China's Heilongjiang province is expected to cut 1.5 million tons of output next year to stay in line with the new production schedule of the China National Petroleum Corporation ...

Tags: Oilfield, crude oil

IT Spending by Oil and Gas Companies Will Primarily Be Driven by Ambitious Infrastructure

Mar 9, 2014

IT spending by oil and gas companies across the Middle East and Africa in 2014 will primarily be driven by ambitious infrastructure investment plans, the modernisation of operational processes, and the quest to add more value to the ...

Tags: Oil, Gas, Computer Products, IT

ArcelorMittal to Supply Clad Steel Plate for UAE's Largest Oilfield

Mar 6, 2014

ArcelorMittal to supply clad steel plate for UAE's largest oilfield Luxembourg-based ArcelorMittal has announced that its Industeel site in Le Creusot, France, will provide 5,400 mt of clad steel plates for the Zakum oilfield, the largest ...

Tags: Clad Steel Plate

KOC Has Awarded WorleyParsons Kuwait a 5 Year USD 400 Million Contract

Dec 13, 2013

Kuwait Oil Company (KOC) has awarded WorleyParsons Kuwait a 5 year USD 400 million contract for the supply of programme management services. The contract serves to support KOC to achieve its objectives of reaching optimum capacity in its ...

Tags: Kuwait Oil Company, KOC, oilfield, Kuwait, programme management

Oil Production in The Us State of Texas Hit a Record High in September 2013

Dec 9, 2013

Oil production in the US state of Texas, the largest oil producer of the nation, hit a record high in September 2013, according to new data released on Tuesday. The Lone Star State pumped 2.7 million barrels of crude oil per day during ...

Tags: oil, mineral

Polarcus Announces The Imminent Commencement of a New Multi-Client Program in The UK

Dec 5, 2013

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the imminent commencement of a new multi-client program in the UK North Sea comprising two high density 3D broadband surveys. The program, supported by industry funding, ...

Tags: Polarcus Limited, Multi-Client Footprint

Rosneft's Board of Directors Approved Vankorneft as an Operator of Three Business Projects

Nov 28, 2013

Rosneft’s Board of Directors approved Vankorneft as an operator of three business projects: Lodochnoye, Suzunskoye and Tagulskoye fields, as well as construction of a 150-megawatt gas-turbine thermal power plant for their power ...

Tags: development, stage, Vankorneft

The Largest Oilfield in The USA South of Canada Is Said to Be The East Texas Oilfield

Nov 26, 2013

Monday, Nov 25, 2013 The largest oilfield in the USA south of Canada is said to be the East Texas Oilfield. (The largest oilfield in the USA is Prudho Bay in Alaska).Since I began my research on oil in 2003 my mental image of the East Texas ...

Tags: Metallurgy, Mineral, Energy, Oil

Trailer Wizards Has Announced It's Now Offering a 13-Axle Trailer for Rent or Lease

Sep 5, 2013

Trailer Wizards has announced it's now offering a 13-axle trailer for rent or lease. The trailer is based out of Trailer Wizards' Edmonton location, but can be delivered anywhere in North America, the company said. The trailer features an ...

Tags: Trailer, Transportation

China's Biggest Energy Firm PetroChina Will Join Exxon Mobil

Aug 15, 2013

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

Gas Demand Grows and Security of Supply Becomes Imperative

Jun 14, 2013

Non-OECD Asia, especially China and India, will slowly but surely join the club of countries with underground gas storage facilities as gas demand grows and security of supply becomes imperative, a senior executive with Storengy, GDF Suez's ...

Tags: Chemicals, underground gas

IHC Merwede Has Today Successfully Launched Subsea 7's 550t Pipelaying Vessel,SEVEN WAVES

May 8, 2013

IHC Merwede successfully launches Subsea 7’s SEVEN WAVES Tuesday, May 07, 2013 IHC Merwede has today successfully launched Subsea 7's 550t pipelaying vessel, SEVEN WAVES, at its shipyard in Krimpen aan den IJssel, The Netherlands. ...

Tags: IHC, SEVEN WAVES

ExxonMobil Has Reportedly Hired Former U.S. Ambassador to Iraq

Feb 18, 2013

Oil giant ExxonMobil has reportedly hired former U.S. ambassador to Iraq, James Jeffrey (pictured), as a consultant. The company was recently told that it must choose between working in Iraq’s southern oilfields, where it operates ...

Tags: Exxon, Former US Ambassador, Iraq

Exxon Mobil Must Choose Between Working in Its Southern Oilfields or in Kurdistan

Jan 31, 2013

Iraq has again told Exxon Mobil that it must choose between working in its southern oilfields or in Kurdistan. Reuters reports that Oil Minister Abdul Kareem Luaibi [Elaibi] expects the company to make a final decision within a few days, ...

Tags: oilfields, Exxon, Oil

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