Oil/Gas Exploration & Production News
Published - Monday, 26 July, 2010
Tullow has struck high-quality oil in the Deepwater Tano licence in Ghana, continuing its remarkable success in the country.
Published - Tuesday, 20 July, 2010
Tullow has announced the completion of another successful appraisal well in Uganda's block 2.
Published - Tuesday, 20 July, 2010
Colombia's Ecopetrol has set a $80 billion budget to more than double production by 2020.
Published - Tuesday, 20 July, 2010
GE has secured a lucrative contract to build two new FPSO vessels for Brazil's Petrobras.
Published - Wednesday, 14 July, 2010
Aberdeen's EnerMech has secured a £24 million finance line to go on an acquisitions spree.
Published - Tuesday, 13 July, 2010
Petrom has signed a 15-year oil training and technology transfer deal with Petrofac to boost production.
Published - Friday, 09 July, 2010
Chesaspeake is looking for Asian partners to develop gas projects in the US.
Published - Friday, 09 July, 2010
US-based RWI has claimed that Uganda's proposed oil bill is in need of further development.
Published - Friday, 09 July, 2010
Nigeria's president has sought to make downward revisions to the state's assumed oil output estimates.
Published - Thursday, 08 July, 2010
Tullow has announced that it is still on target to achieve first oil in Ghana by the end of the year.
Published - Tuesday, 29 June, 2010
Shell has welcomed US district judge Martin Feldman's decision to lift Obama's six-month ban on drilling.
Published - Tuesday, 29 June, 2010
Russian oil companies are taking increasing interest in new projects in Turkmenistan.
Published - Wednesday, 23 June, 2010
The OSHA has confirmed that it is working with BP to boost safety training for offshore spill teams.
Published - Thursday, 17 June, 2010
Tullow has pledged $7 million for new infrastructure and training projects in the DRC.
Published - Thursday, 17 June, 2010
Agreements with ex-militants have so far been successful but for development to continue there must be peace in the country.
Published - Thursday, 17 June, 2010
New offshore operations could also increase oil and gas industry training.
Published - Wednesday, 16 June, 2010
A delegation of Ghanaian students has travelled to Pittsburgh to undertake oil training.
Published - Wednesday, 16 June, 2010
Oiltest is inviting Nigerian graduates to apply for a competitive engineering training programme.
Published - Friday, 11 June, 2010
Improved safety and training standards for US offshore drilling have been revealed.
Published - Thursday, 10 June, 2010
The IFC has offered GAC a $35 million loan to develop operations in Kazakhstan, Africa and the Middle East.
Published - Wednesday, 09 June, 2010
Plans to increase the number of North Sea rig inspections have been outlined by the UK's energy secretary Chris Huhne.
Published - Tuesday, 08 June, 2010
Petronas has warned that national oil and gas companies may face an acute talent shortage.
Published - Monday, 07 June, 2010
The British government will need to introduce more favourable tax rules if it is to attract investment in the UK Continental Shelf, according to Subsea IQ.
Published - Monday, 24 May, 2010
Iraq made $4 billion in revenues from oil exports last month, according to an oil ministry spokesperson.
Published - Monday, 24 May, 2010
Iraq's council of ministers has agreed to export oil from fields in Kurdistan once more, it has been confirmed.
Published - Monday, 24 May, 2010
The dynamic positioning sector recognises the importance of training workers to support the oil and gas industry, the IMCA has claimed.
Published - Friday, 14 May, 2010
The national oil companies of China and Turkey are set to sign new agreements to drill in Iraq, it has been confirmed.
Published - Thursday, 13 May, 2010
The White House has drafted a new bill governing repayments for oil spills in the US.
Published - Tuesday, 11 May, 2010
The Kremlin has praised the crew of a hijacked Russian oil tanker after their actions allowed security forces to retake the vessel.
Published - Monday, 10 May, 2010
The 244-km gas pipeline linking Taweelah in Abu Dhabi with power plants in Fujairah will help address the latter's fuel shortage, it has been claimed.
Published - Monday, 10 May, 2010
Kuwait will look to increase oil output to four million barrels per day through training and development.
Published - Thursday, 29 April, 2010
Nigerian companies are set to receive a substantial boost from the new local content bill for the oil and gas industry.
Published - Wednesday, 28 April, 2010
Nigeria's acting president Goodluck Jonathan has signed the landmark local content bill into law.
Published - Wednesday, 21 April, 2010
Some of the world's largest oilfield services firms are establishing bases in Iraq to support industry growth.
Published - Wednesday, 14 April, 2010
The government of the Russian state of Sakhalin expects strong investment in energy projects as a result of ties with South Korean firms.
Published - Wednesday, 24 March, 2010
Abu Dhabi's Adco will award $12 billion in new contracts over the next seven years, the general manager has announced.
Published - Tuesday, 23 March, 2010
Malaysia must invest in training and technology to support the oil and gas industry, a minister has urged.
Published - Tuesday, 16 March, 2010
BP has reached a landmark asset purchase agreement with Devon Energy that will increase its ultra-deepwater exposure and expertise.
Published - Monday, 08 March, 2010
GE has been awarded a second technical services contract to support the Gorgon LNG project.
Published - Friday, 05 March, 2010
China's Cnooc is set to be awarded an exploration and production license for Iraq's Missan field.
Published - Tuesday, 02 March, 2010
Saudi Arabia has announced that it will double crude supplies to India and extend training support.
Published - Tuesday, 02 March, 2010
Yemen's oil and gas minister has pledged a commitment to expanded exploration and training in the country.
Published - Tuesday, 02 March, 2010
Petrobras will need to boost its oil and gas training funding to support the company's expansion.
Published - Friday, 26 February, 2010
Iraq has made further progress with oil and gas negotiations with Halliburton, Weatherford and a Korean consortium.
Published - Tuesday, 27 October, 2009
Ghana's GAEC has identified radiotracer technology as a key instrument in exploiting the country's oil assets.
Published - Monday, 26 October, 2009
Saudi Arabia is undertaking negotiations with Belgian authorities to strengthen cooperation in CCS.
Published - Thursday, 22 October, 2009
A consortium led by ExxonMobil is the frontrunner in bidding for the West Qurna field in Iraq, it has been announced.
Published - Thursday, 22 October, 2009
The costs of expanding the Upper Zakum field have fallen in the wake of the economic crisis, one official has declared.
Published - Wednesday, 21 October, 2009
Technip has declared that around $21 billion worth of oil and gas contracts will be tendered in the UAE within the next nine months.
Published - Tuesday, 20 October, 2009
Zadco has set down an exploration strategy that will tender $4 billion worth of contracts over the next 18 months.
Published - Monday, 19 October, 2009
Iraq's petroleum and licensing directorate has set a date for the second round of bidding for rights to operate in the country's vast fields.
Published - Thursday, 15 October, 2009
The Iraqi oil ministry has struck an initial production deal with a consortium of firms led by Eni.
Published - Thursday, 15 October, 2009
Petrobras has announced plans to ramp up investment in the Angolan oil and gas industry.
Published - Friday, 09 October, 2009
ExxonMobil is set to take on a major stake in Ghana's offshore fields, sources indicate.
Published - Wednesday, 07 October, 2009
The energy ministers of Qatar and Turkey have agreed to create a new joint energy working group.
Published - Tuesday, 06 October, 2009
Italian oil giant ENI has pledged to develop training and technology transfer links with Pakistan.
Published - Monday, 05 October, 2009
BP and CNPC are entering the final stages of negotiations over the licence to develop Iraq's vast Rumaila oilfield.
Published - Saturday, 03 October, 2009
The Nabucco pipeline will tap gas from Iraq and Azerbaijan for sale in Europe, the head of the project has announced.
Published - Wednesday, 30 September, 2009
Cnooc is in the running for exploration and production licences being reissued by the Nigerian government.
Published - Friday, 25 September, 2009
BP plans to commence drilling in the Sirte basin in northern Libya next year, a spokesperson has confirmed.
Published - Friday, 25 September, 2009
Kuwait's KUFPEC is set to win a new E&P contract in Vietnam, further strengthening cooperation between the two countries.
Published - Thursday, 24 September, 2009
Vietnam and Timor-Leste are set to enjoy greater cooperation in the fields of oil and gas exploration.
Published - Thursday, 24 September, 2009
The Iraqi oil ministry may extend the deadline for the establishment of the Basra Gas Investment Firm, it has been confirmed.
Published - Tuesday, 22 September, 2009
Kuwait is set to secure a lucrative exploration contract tendered by state oil and gas firm PetroVietnam.
Published - Monday, 21 September, 2009
Permissions for development of Iraq's al-Mansoriya gas field have been secured three years ahead of schedule.
Published - Monday, 21 September, 2009
StatoilHydro is exploring upstream opportunities in the UAE, the company's CEO has confirmed.
Published - Saturday, 19 September, 2009
A positive outlook has been forecast for the Middle East oil industry leading into the new year.
Published - Tuesday, 15 September, 2009
The Indian oil industry could be set for tie-ups with PetroTel and BP.
Published - Friday, 11 September, 2009
Oil and gas industry workers in Iraq and Russia could find their fortunes linked through a pair of new gas pipelines.
Published - Wednesday, 09 September, 2009
OPEC's MMC will recommend that existing production quotas are maintained, Kuwaiti oil minister Sheikh Ahmed al-Abdullah al-Sabah asserts.
Published - Wednesday, 09 September, 2009
The Iraqi Ministry of Oil is expected to soon sign a contract with oil companies from Japan to develop the Nassiriya oilfield.
Published - Tuesday, 08 September, 2009
Tethys Petroleum, a provider of oil industry training in Tajikistan, has updated on its exploration and production in the region.
Published - Tuesday, 01 September, 2009
Proclad has confirmed that it will create around 500 new jobs during its move to a new manufacturing facility in Dubai.
Published - Thursday, 27 August, 2009
Iraq's prime minister has urged BP to commit more heavily to development in the country.
Published - Wednesday, 26 August, 2009
USS Thach is providing training and security support at Iraq's Al Basrah oil terminal.
Published - Friday, 21 August, 2009
The Basra Investment Commission is set to create around 700 jobs in the state's oil and gas industry, it has been claimed.
Published - Thursday, 20 August, 2009
Mott MacDonald has been awarded a new engineering and training contract by Occidental of Oman.
Published - Monday, 17 August, 2009
The Iraqi security forces are continuing to make progress under the instruction of US forces.
Published - Monday, 17 August, 2009
A cadre of leading specialists from Turkmenistan's oil and gas industry have completed a training programme with Germany's RWE.
Published - Monday, 17 August, 2009
Ship management firm Fleet Management has admitted liability for an oil spill in San Francisco Bay in November 2007.
Published - Friday, 14 August, 2009
Bids for tenders in the upcoming licensing round need to be less driven by greed, NOC has claimed.
Published - Thursday, 13 August, 2009
Iraq's two oil export terminals remain secure despite the departure of the British Navy at the end of June.
Published - Monday, 10 August, 2009
The US will continue to invest in training and technology to help prevent gas flaring in Africa, Hillary Clinton has announced.
Published - Friday, 07 August, 2009
Harvest has identified a new exploration deal in Oman as a highlight of its second-quarter operations.
Published - Thursday, 06 August, 2009
Malaysia's prime minister has an expressed interest in working with Brunei to carry out new oil exploration projects.
Published - Wednesday, 05 August, 2009
ConocoPhillips and Adnoc have made a final investment decision on the development of the Shah gas field in Abu Dhabi.
Published - Tuesday, 04 August, 2009
IOCs are hoping that the next bidding round on oil licences in Iraq will prove successful.
Published - Tuesday, 04 August, 2009
The GCC states will enjoy a surge in investment in new industrial projects over the coming years, Goic has claimed.
Published - Monday, 03 August, 2009
ExxonMobil has announced a 66 per cent year-on-year drop in earnings for the second quarter.
Published - Monday, 03 August, 2009
KNM has signed a broad memorandum of understanding with Chad's NOCC covering the development of the Sedigi oilfield.
Published - Monday, 03 August, 2009
Tullow has announced that it is on target to achieve first oil in Ghana's Jubilee field by the end of 2010.
Published - Thursday, 30 July, 2009
Saudi oil production has hit 12 million barrels per day, the head of Saudi Aramco has claimed.
Published - Wednesday, 29 July, 2009
Oman's PDO yesterday closed qualification for companies looking to bid on $7 billion worth of oilfield services contracts.
Published - Wednesday, 29 July, 2009
Iraq's oil revenues and export volumes rose once more in June, extending an upward trend seen since February.
Published - Tuesday, 28 July, 2009
North-east based AIS has taken its first step into the Middle Eastern oil and gas market with a series of new contracts.
Published - Monday, 27 July, 2009
SOCAR is nearing completion of preparatory training and infrastructural work before embarking on Azerbaijan's first independent drilling campaign in 28 years.
Published - Wednesday, 22 July, 2009
ExxonMobil has moved forward with its drilling campaign off the coast of Libya.
Published - Tuesday, 21 July, 2009
Petrofac has become the first company in the US to achieve Opito accreditation for its offshore emergency response training programme.
Published - Tuesday, 14 July, 2009
BSP has completed work on Bugan, the new ultra-modern remotely-operated platform off the coast of Brunei.
Published - Wednesday, 08 July, 2009
Tullow's drilling campaign in Uganda has helped to establish the country as a leading oil producing nation.
Published - Monday, 06 July, 2009
Cosco has celebrated the new Sevan driller at a naming ceremony in Jiangsu Province, China.
Published - Friday, 03 July, 2009
A delegation of French statesmen and businessmen has set out terms for increased activity in Iraq.
Published - Thursday, 02 July, 2009
After continual strengthening of bilateral trade agreements, the Arab world is now the fourth biggest export market for Brazil.
Published - Wednesday, 01 July, 2009
Lukoil has not given up hope on entering Iraq's oil and gas industry, despite stalled bidding on the West Qurna 1 field.
Published - Friday, 26 June, 2009
Gas prices will play a crucial role in the outcome of upcoming elections in Trinidad and Tobago, the finance minister has announced.
Published - Wednesday, 24 June, 2009
IOCs are awaiting the results of a fiercely fought bidding round for exploration licences in Iraq.
Published - Monday, 22 June, 2009
Oil output from Brazilian reserves was up 0.7 per cent in May, Petrobras has announced.
Published - Friday, 19 June, 2009
Libya National Oil Co is renegotiating the terms of contracts signed with a number of IOCs, reports indicate.
Published - Thursday, 18 June, 2009
Eurocopter has announced that it has delivered its 100th EC155, with Dancopter taking ownership of the new craft at the Paris Air Show.
Published - Monday, 15 June, 2009
Petrobras has its eyes set on BP and ExxonMobil as it looks to establish itself as a major player in the global oil and gas industry.
Published - Friday, 12 June, 2009
Iraq's SOC will increase production in the south of the country by 500,000 barrels per day, a senior official has announced.
Published - Thursday, 11 June, 2009
Training academies in Iraq are helping the country develop a stable internal security force, the MNSCTI has claimed.
Published - Thursday, 11 June, 2009
Iraq's oil minister is being called to account for failing to bring oil to market more quickly.
Published - Wednesday, 10 June, 2009
China is looking to strengthen its ties with Saudi Arabia in order to stabilise oil supplies in the coming years.
Published - Wednesday, 10 June, 2009
Total expects that the latest round of bidding on exploration licences in Iraq will be complete by the end of the summer.
Published - Tuesday, 09 June, 2009
KBR has reduced the number of training programmes held to fill contracted positions in Iraq.
Published - Tuesday, 09 June, 2009
SINTEF has warned that information systems on offshore oil rigs are vulnerable to attacks from hackers.
Published - Thursday, 04 June, 2009
Shares of Heritage Oil have been suspended pending the resolution of buyout talks.
Published - Wednesday, 03 June, 2009
Topaz Energy and Marine has been awarded a $100 million Kazakh maritime contract by Agip.
Published - Tuesday, 02 June, 2009
Swedish diplomats have expressed their interest in building commercial ties with Iraq.
Published - Monday, 01 June, 2009
The mapping of gas and oil reserves in the Arctic circle may extend Russia’s strategic control of gas resources, it has been suggested.
Published - Monday, 01 June, 2009
As relations between the two countries improve, Syria is looking to strengthen economic ties with Iraq.
Published - Monday, 01 June, 2009
Brazil may be set to adopt a production sharing model to help obtain oil from a salt-rich offshore field.
Published - Thursday, 28 May, 2009
Oil from the semi-autonomous region of Kurdistan has left Iraqi soil for the first time in years, the country's oil minister has confirmed.
Published - Wednesday, 27 May, 2009
Iraq and Egypt have entered into a new partnership that will help to strengthen the Iraqi oil industry.
Published - Tuesday, 26 May, 2009
Iraqi authorities are pushing for new legislation that will allow foreigners to own land in the country.
Published - Thursday, 21 May, 2009
Senior Iraqi officials are receiving training in evaluating applications for exploration and production licences.
Published - Wednesday, 20 May, 2009
The latest gas deal signed by the semi-autonomous Kurdish government has been criticised by the Iraqi government.
Published - Tuesday, 19 May, 2009
LUKoil is likely to get the chance to renew its contract with the Iraqi oil ministry governing its operations in the West Qurna-2 field, a lawmaker has claimed.
Published - Tuesday, 19 May, 2009
Houston-based upstream firm Parker Drilling has established a new office and training base in Anchorage, Alaska.
Published - Thursday, 14 May, 2009
Two leading figures from the Iraqi oil scene have urged international oil companies to seize the opportunities currently available in Iraq.
Published - Wednesday, 13 May, 2009
Despite the recent approval of plans for the export of crude oil from Kurdistan, produce from the region is still considered illegal, it has been claimed.
Published - Tuesday, 12 May, 2009
The Iraqi authorities have paved the way for Kurdistan to begin exporting oil to world markets.
Published - Monday, 11 May, 2009
The IOEC has launched the second stage of a land survey in the al-Gharraf oil field in the Thi-Qar province of Iraq.
Published - Friday, 08 May, 2009
The drilling of a new well in the al-Ahdab oil field in the Wassit province of Iraq is to begin.
Published - Thursday, 07 May, 2009
International oil majors such as BP and Royal Dutch Shell are preparing to return to Iraq in order to tap the country's vast oil reserves, it has been claimedAccording to the Financial Times, the two oil companies are among a number of international oil majors expected to bid for service contracts over the next month...
Published - Wednesday, 06 May, 2009
Heritage Oil has completed testing on the Miran West-1 well drilled earlier this year and has encountered a structure holding between 23 billion and 4...
Published - Tuesday, 05 May, 2009
India's Oil and Natural Gas Corp (ONGC) is close to completing renegotiations over a deal that it struck with Saddam Hussain's regime to develop an oil field in Iraq, an official close to the talks have claimedSpeaking to Reuters, a source inside the investment arm of the Indian company said that talks concerning the development of block 8 in the south of the country were progressing steadily...
Published - Friday, 01 May, 2009
Pakistan is seeking greater energy independence with a wide-reaching funding programme overseen by the Ministry of Petroleum and Natural ResourcesSpeaking to the Associated Press of Pakistan, a senior official at the ministry said that the country's new petroleum policy for 2009 includes an expanded budget for oil training that will focus on building the skills of the national workforce...
Published - Friday, 01 May, 2009
Part of the extensive development of Iraq's oil field may need to be funded by soft loans provided by oil and gas companies, the country's oil minister Hussain al-Shahrastani has announcedSpeaking in London yesterday (April 30th) as a high level delegation led by Iraqi prime minister Nouri al-Maliki canvassed UK businesses in the capital promoting development opportunities, al-Shahrastani said that the low price of oil has created a large funding gap in the country's budget...
Published - Thursday, 30 April, 2009
Companies in the UK are at risk of being left without a stake in the rapid economic development planned in Iraq in the next few years, Sir Claude Hanke, an adviser to the Iraqi government, has warnedSpeaking to the Times ahead of the arrival in London of a delegation led by Iraqi president Nouri al-Maliki, the trade specialist said that the country would become an "economic dynamo" for the Middle East...
Published - Tuesday, 28 April, 2009
The 'node' start tag on line 1 does not match the end tag of 'a' Line 15, position 3...
Published - Tuesday, 28 April, 2009
Central Petroleum is setting its sights on operations in Alice Springs, in Australia's Northern Territory after bringing a new drilling manager into the foldCentral Petroleum is readying itself to begin work in the Northern Territory's hydrocarbon sector after appointing Timothy Green to the role of drilling operations and production manager...
Published - Monday, 27 April, 2009
Iraqi oil firm Missan has commenced work on a new well located around 40km east of Amara, the firm's information director Ali Abbas Sadeq has told Aswat al-IraqHe confirmed that workers began digging at the al-Halfaya field yesterday (April 26th)...
Published - Friday, 24 April, 2009
Representatives of the UK offshore oil and gas industry have offered a cautious welcome to the schemes announced in the Budget to help bolster production in the near and medium termSpeaking to Offshore Mag, Andrew Ogram, oil and gas partner with Deloitte, said that measures such as the introduction of a field allowance to offset corporation tax had been anticipated, but were still welcomed...
Published - Thursday, 23 April, 2009
Leaders of the Iraqi government and Kurdish regional authorities have been handed copies of the UN's long-awaited report into the territorial disputes over the country's oil rich northern territoriesAlthough the study avoids prescriptive judgments, it does aver that Kirkuk, one of the most territorially contested regions in the country and an oil-rich province, must remain unified and under control of Iraqi authorities...
Published - Thursday, 23 April, 2009
With a preponderance of small, state-run Asian firms in the ranks of foreign firms lining up to commence operations in Iraq, Manoucher Takin of the Centre for Global Energy Studies has told Agence France-Presse that flexibility and a tolerance of risk is key to success in the bidding processHe said that Asian companies such as KazMunaiGas, JOGMEC, Oil India, Pakistan Petroleum and PetroVietnam have all shown themselves to be prepared to take risks and to adapt to conditions of exploration and pr
Published - Wednesday, 22 April, 2009
Oilfield services firm Weatherford has confirmed that it will begin servicing its two drilling contracts for fields in southern Iraq next monthSpeaking to Reuters in Abu Dhabi, the company's area manager for Middle East operations Rex Cramer said that it will also begin drilling in semi-autonomous Kurdistan later this month as the development of the country's oil and gas industry gathers momentum...
Published - Tuesday, 21 April, 2009
Royal Dutch Shell is at an early stage of negotiations with national oil majors China National Petroleum Corporation (CNPC) and Sinopec as it pursues upstream opportunities in Iraq, a spokesperson for the company has confirmedSpeaking to the Independent, the unnamed representative said that the company was considering prospects for a joint venture in the country, which is beginning to open up its vast reserves to foreign development...
Published - Saturday, 18 April, 2009
After successfully completing 100 years of business, BP is looking to build on its successes in the futureSpeaking at the firm's annual general meeting yesterday, group chief executive Tony Hayward said that BP has always operated at the frontiers of the industry and is looking to continue in this manner in the future...
Published - Thursday, 09 April, 2009
Australia's third largest oil and gas firm Oil Search has insisted that there is a "big future" ahead for workers in Papua New Guinea as the company invests heavily in new liquefied natural gas (LNG) projects in the countryIn its annual report for 2008, Oil Search pledged to invest in improving the labour skills of the nation's workforce to ensure that local communities can benefit from the expansive LNG projects planned in the country...
Published - Wednesday, 08 April, 2009
The Abu Dhabi National Oil Company (ADNOC) has sent a delegation of workers to the CosmoSeis training centre in the capital of the UAE to take part in an intensive seismic processing and analysis orientation programmeADNOC employees began the training and development programme at the end of March and will remain on the course until April 16th, after which time they will have been briefed on how to bring high-potential fields on stream in the most cost-efficient way possible...
Published - Tuesday, 07 April, 2009
Investment in Pakistan's oil and gas industry is set to receive a welcome international boost from a series of road shows planned for Canada, the US and the UKThe Pakistani Daily Mail reports that while the venues have not been finalised, a senior official from the Ministry of Petroleum and Natural Resources (MNPR) has revealed that the tour will be designed to make the international community aware of Pakistan's favourable exploration and production taxation laws...
Published - Thursday, 02 April, 2009
Kongsberg has been awarded a new contract to develop a digital oil field tool (DOFT) for Petrobras AmericaThe advanced technology company will provide a DOFT for the Cascade and Chinook floating storage, production and offloading (FPSO) vessel which will be located in the Walker Ridge Block of the Gulf of Mexico...
Published - Thursday, 02 April, 2009
Nine international oil companies (IOCs) have made it through to the second stage of the bidding process for the development of 11 oil and gas fields in the countryA statement from the Oil Ministry announced that 38 companies had submitted their applications earlier this year and that nine had been successful...
Published - Wednesday, 01 April, 2009
BP has opened a new $20 million (£139 million) training and development facility in Louisiana to secure more jobs for Americans looking to work in the oil and gas industry...
Published - Wednesday, 01 April, 2009
Invensys has announced that it has signed a new multimillion dollar contract with Waha Oil to upgrade technology at the Libyan company's oil fields in Gialo, Waha, Dahra, Samha and DefaUnder the terms of the agreement, Invensys Process Systems (IPS) will deliver its signature InFusion enterprise control system technology to replace five legacy systems at remote-area control centres in the fields...
Published - Monday, 30 March, 2009
Kuwait's oil minister, Sheikh Ahmad Al-Abdullah Al-Sabah, has said that a $50 price per barrel "goes with the economic situation" at presentHe suggests that economic conditions within the oil industry make the price per barrel an acceptable one for the current climate...
Published - Wednesday, 25 March, 2009
Suncor has made a successful bid to merge the operations of Petro-Canada with its own, bringing to the fore a globally competitive Canadian energy companyThe new group will trade under the Suncor brand but will retain Petro-Canada's line of refined products, Suncor announced earlier this week...
Published - Wednesday, 25 March, 2009
The Gulf Petrochemicals Industries Co (GPIC) has announced record net profits for 2008In an announcement to shareholders, the Bahraini state firm's chairman Shaikh Isa bin Ali Al Khalifa said the company had generated $301 million (£206 million) in profits for the year ending December 31st...
Published - Wednesday, 25 March, 2009
Aberdeen-based upstream firm Venture Production has struck commercial gas at the Carna field in the UK North SeaThe company announced that the well, in which it has a 56 per cent unitised interest, encountered a gas column that is expected to flow at a gross rate of nine million cubic feet per day...
Published - Wednesday, 25 March, 2009
As many of the world's oil fields are reaching maturity and decline, energy majors such as Chevron, ConocoPhillips and BP are turning to new technology to improve extraction rates Speaking to Dow Jones, Dan Ranta, director of knowledge sharing for ConocoPhillips, said that while technology is vital in ensuring operational efficiency, the company has identified an urgent need to capture and share the skills and experiences of its workforce to make the most of its employee pool...
Published - Friday, 20 March, 2009
Specialist global and marine energy services provider C-MAR has launched a new training syllabus that will help to address a skills shortfall in the hydraulics engineering sector and help firms reduce offshore downtimeWorking in conjunction with Tullos Training, the group has developed the new four-day learning programme to give maintenance staff a sound understanding of fluid power systems...
Published - Friday, 20 March, 2009
Italian oil major Eni has signed a memorandum of understanding (MoU) with Pakistani authorities to strengthen its operations in the country's oil and gas industryThe company acquired interests in Pakistan with the takeover of British Borneo, an independent upstream firm which had small non-operating interests in a number of fields, in 2000...
Published - Wednesday, 18 March, 2009
Marathon has once again called on Christie to deliver next-generation display solutions for its upgraded visualisation centreBased at its headquarters in Houston, the Visionarium has been used to give employees a realistic visual analysis of complex geologic formations to aid the company in its ambition to achieve greater upstream success...
Published - Tuesday, 17 March, 2009
GE Sensing & Inspection Technologies is marketing the very latest in its high-tech oil and gas analytics devices to the Gulf regionThe company's commercial leader for the Middle East Suhel Aboobacker said that the Sentinel LNG Flowmeter, the Sentinel LCT and the Aurora gas moisture meter provide the oil and gas industry with "healthcare" for its infrastructure...
Published - Monday, 16 March, 2009
The income generated from domestic oil reserves has allowed the United Arab Emirates to invest heavily in public infrastructure and private enterprise, Sheikh Khalifa bin Zayed Al Nahyan, president of emirates has claimedSpeaking to Arabic business daily Al Roya, the ruler said that the record revenues generated in the first nine months of 2008 allowed the country to invest heavily in furtherance of its ambition of becoming a global economic hub...
Published - Saturday, 14 March, 2009
Rock will be investing to train its accounting department in International Financial Reporting Standards, which will be fully implemented by the start of 2011, in line with new Canadian accounting legislationThe announcement came as the upstream exploration company detailed another year of strong operational performance through the pursuance of a strategy based on targeting probable wells and maximising production at existing wells...
Published - Friday, 13 March, 2009
In response to the invigorated interest in upstream investment in East Africa, Kenya's president Mwai Kibaki has set out his social and environmental parameters that will dictate exploration activitiesSpeaking on his behalf in Mombasa, vice-president Kalonzo Musyoka said that environmental sustainability was a prerequisite to social and economic development and must be an utmost consideration for upstream companies looking to gain a footing in Kenya...
Published - Friday, 13 March, 2009
Saudi Arabia's state-owned oil firm Saudi Aramco has awarded a lucrative new gas contract to McDermott that will license the construction of four new platforms and a 110 km pipelineJ Ray McDermott, a subsidiary of McDermott International, won the contract for an undisclosed sum and will now begin work on extracting and transporting gas from the Karan field...
Published - Wednesday, 11 March, 2009
An ION Geophysical subsidiary has signed a new contract with Polarcus to deliver a complete seismic testing serviceUnder the new arrangement, ION's GX Technology will provide onboard quality control and data processing, land-based data processing with hardware, software and geophysicists to interpret the seismic information gathered in Polarcus' upstream operations...
Published - Tuesday, 10 March, 2009
ExxonMobil has become the latest energy major to invest heavily in new exploration and production projects in the medium term, despite concerns about the current health of the global economy Speaking to investors at an annual briefing to the New York Stock Exchange, Rex Tillerson, chairman and chief executive officer of the firm, said that the company would be investing between $25 and $30 billion annually over the next few years in order to meet the anticipated growth in energy demand...
Published - Monday, 09 March, 2009
The National Association of Professional Divers (Naprod) has called on foreign oil companies working in the country to repeal legislation that is limiting exposure to the offshore diving sector for Nigerian workersIn a recent rally in Warri, the president of the organisation Thompson Ogegbene told reporters that some domestic divers were more skilled than those divers shipped in by foreign oil firms, adding that Nigerians need fairer access to the sector...
Published - Friday, 06 March, 2009
Total will provide training and development opportunities for 80 Yemeni workers, the company's general director of Yemeni operations Martin Defunten has confirmedAccording to the Yemen News Agency, the director announced that the French oil major will be running 18-month training programmes for Yemeni engineers in a move that will create opportunities to join the company and service rigs in the Block 10 area in Angola...
Published - Thursday, 05 March, 2009
The Marcellus Shale project in Pennsylvania will provide expansive job opportunities for local workers when it comes on streamServicing the reserve will be the Marcellus Shale Education and Training Centre, which has robust growth plans that will help to secure local employment through the recession, the Times Leader reports...
Published - Tuesday, 03 March, 2009
The Houston-based well data analysis firm Paradigm has enjoyed rapid success in the Indian market and has seen its staff size and client base expand substantially in the past five yearsAlong with other representatives of the Texan oil and gas industry, including Schlumberger, Transocean, Baker Hughes and Halliburton, Paradigm is picking up a healthy stream of new contracts from India's Oil and Natural Gas Corp (ONGC)...
Published - Tuesday, 03 March, 2009
The University of the Highlands and Islands (UHI) has attracted one of the world's most experienced offshore engineers to head up its new training and development programme for the oil and gas industryAngus Jamieson, an expert in oil technology services, will help the institution develop new leading-edge training and research facilities and will teach at the university as a visiting professor...
Published - Monday, 02 March, 2009
Cuba's hopes of becoming a regional oil powerhouse are still at the starting line more than four years after US firms identified large potential reserves in the country's territorial watersThe Associated Press reports that the country has been unable to develop its resources internally because it lacks the technology and training capacity to do so, while longstanding trade sanctions have choked any hopes of calling for outside help...
Published - Friday, 27 February, 2009
Iraq has awarded a new exploration and development license to Britain's Mesopotamia PetroleumThe company has just finalised a new $400 million (£277 million) contract to begin drilling in the country, a development which prompted British foreign minister David Miliband to declare Iraq "open for business"...
Published - Thursday, 26 February, 2009
General Robotics Limited (GRL) has proudly opened a new subsea remotely operated vehicles (ROV) training and assessment centre in AberdeenThe company reports that it can be extremely difficult to provide the requisite training for both pilots and technicians before they head offshore to serve the oil and gas industry...
Published - Wednesday, 25 February, 2009
South Korea has been handed exploration and production rights for fields in Iraq's oil-rich south as part of a deal worth $355 billion (£2...
Published - Tuesday, 24 February, 2009
Russia's air transport giant UTair has signed an agreement with Eurocopter to build a new maintenance centre and develop new interiors for a fleet of EC 175 helicoptersAINOnline reports that the company is also looking to build a new EC 175 training centre in Russia to serve the domestic oil and gas industry...
Published - Monday, 23 February, 2009
A group of engineers from India has conducted a tour of rigs and platforms in the Gulf of Mexico during training operations organised by the US Minerals Management Service (MMS)The federal agency has been working in conjunction with India's ministry of petroleum and natural gas oil industry safety directorate to carry out routine examinations in the region...
Published - Monday, 23 February, 2009
With Barack Obama now one month into his presidency, it is clear that energy security will be a cornerstone of his domestic policy agenda, the Journal of Energy Security reportsAnd in order to be successful in differentiating between the various tenets of a successful energy security policy, the president will need to act along military, domestic and economic lines, the journal insists...
Published - Thursday, 19 February, 2009
Venezuela and China have entered into 12 new cooperation agreements that will result in an increase in oil trading between the two countries and the construction of a refinery in China and training and development facilities in VenezuelaChina's vice-president Xi Jinping met with Venezuelan president Hugo Chavez to finalise the deals, which also include the pledge to double the China-Venezuela investment fund to $12 billion (£8...
Published - Thursday, 19 February, 2009
Training efficiencies can help companies working in the oil and gas industry to improve oil recovery rates, Petroskills has claimedAccording to the Alberta, Canada-based firm, between one-third and half of the total oil in a reservoir will remain in place as it nears abandonment, usually because of natural limitations and a management strategy that is not optimised to get the most out of the well...
Published - Wednesday, 18 February, 2009
The days when service rigs were seen as the simple workhorses of the oil and gas industry are well and truly over, claims Concord Well Services (CWS) founder Gordon VivianSpeaking to the Oil and Gas Inquirer, he says that when he established the company in 1979, the rigs were relied on to carry out important jobs but were always thought of as "dumb iron"...
Published - Monday, 16 February, 2009
India's largest upstream oil group the Oil and National Gas Corp (ONGC) has signed a new memorandum of understanding (MoU) with Weatherford, according to ReutersThe news agency reports that ONGC will call upon Weatherford to develop mature fields in the country and increase domestic output...
Published - Wednesday, 11 February, 2009
BP chief executive Tony Hayward has urged industry heads to invest through the economic downturn, assured in the knowledge that "the future is not cancelled"Speaking in Houston, he iterated that if the doubling of energy demand that is expected in the next 50 years is to be met, the oil and gas industry will need to invest $26 trillion over the period...
Published - Tuesday, 10 February, 2009
By pursuing production sharing agreements (PSA) governing the extraction of Ghana's newfound oil reserves, the country will be able to secure training and development of the national workforce, GhanaWeb reportsPSAs have become a popular alternative to development licenses because they empower nations to keep control of their natural assets, while simultaneously attracting the investment and expertise of the international oil and gas industry...
Published - Monday, 09 February, 2009
Yemen's minister of oil and minerals Amir Salim al-Aidrous has called on the US to commit to further upstream operations in the Middle Eastern countryIn a statement delivered to national media yesterday (January 8th), the minister insisted that the country still has large oil, gas and mineral reserves to be explored...
Published - Thursday, 05 February, 2009
Offshore helicopter services firm Aerogulf is expanding its base of operations beyond the oil and gas industry in support of Dubai's infrastructural developmentAviation Week reports that the company, which was formed in the 1970s to support the oil sector in Dubai and has grown to become the second largest helicopter operator in the Middle East, is now offering civil flight services and offering support for the burgeoning construction industry...
Published - Thursday, 05 February, 2009
Demand for Bristow Group's offshore helicopter services is continuing to see steady growth despite a sharp downturn elsewhere in the aviation industryWriting for the Independent, Aerospace International deputy editor Tim Robinson reports that with its diverse fleet, the company is well positioned to serve the offshore oil and gas industry in an array of operating conditions...
Published - Wednesday, 04 February, 2009
The Angolan environment minister Fatima Jardim has extolled Total's commitment to the sustainable development of the countrySpeaking at a conference focusing on upstream environmental management hosted by the French oil major, Mr Jardim called on the company to continue to allocate funds for the training of new personnel to ensure the development of a modern, safe and sustainable oil and gas industry in the country...
Published - Wednesday, 04 February, 2009
The Scotland-based Oil and Gas Development Corporation (OGDC) has teamed up with Ghana University to offer students in the country a new e-learning course to prepare them for employment in the oil and gas industryWorking with 20/20 Business Insight and goodpractice...
Published - Friday, 30 January, 2009
Yokogawa has secured a new contract with BP Angola to supply an integrated control and safety system (ICSS) for new floating production, storage and offloading vessels (FPSO)South African industry journal Instrumentation Control reports that the new contract comes as the country's FPSO industry is burgeoning, with the vessels becoming increasingly common at small and geographically remote fields where pipeline shore links are impractical...
Published - Thursday, 29 January, 2009
Public and private helicopter distributor Eurocopter has announced that it is to build a new flagship technical support and training centre in Aberdeen to serve the North Sea oil and gas industryIn addition to housing a flight simulation suite, the centre at Kirkhill Commercial Park in Dyce will also provide key logistical and technical support to the offshore sector...
Published - Wednesday, 28 January, 2009
Global geodetics software supplier Blue Marble has announced that it will run a week-long training schedule for workers in the oil and gas industry and other core sectors such as mineral exploration and miningHeld in conjunction with the fifth annual Map Middle East Conference in Dubai, the seminars are aimed at both entry-level workers and experienced geospatial mappers in need of a refresher course...
Published - Tuesday, 27 January, 2009
Petrofac has been awarded a new $23 billion (£1...
Published - Tuesday, 27 January, 2009
Delegates from Norwegian energy major StatoilHydro have visited north-west Russia to award education grants to two schools in Murmansk and ArkhangelskSignatory Bengt-Lie Hansen, company president for Russian operations, said that the new grants would help to secure youths in the region a productive career in the oil and gas industry and develop prospects in the arctic region...
Published - Tuesday, 27 January, 2009
Qserv will offer students at Robert Gordon University's Energy Centre in Aberdeen the chance to gain an expert understanding of coiled tubing and well control technologyIn January and February, the company will offer two lectures to around 120 students enrolled on the Advanced Completion and Subsea Engineering module of the university's masters engineering course...
Published - Friday, 23 January, 2009
Samir Al-Fouzan Group (SFG) will team up with Geofizika Croatia to provide oil training services for Saudis focusing on conducting seismic testing for the oil and gas industryThe Saudi-based company has signed an agreement with the Croatian firm that will result in the development of technical competences that will allow workers to serve the Gulf Cooperation Council region...
Published - Thursday, 22 January, 2009
The American Right of Way Associates (ARWA) will hold its first training workshop this weekend to arm workers in the oil and gas industry to ensure that access rights for new pipelines needed for the Haynesville shale project are securedIn a statement, the group said that there is a lucrative career in the oil and gas industry for skilled ARWA workers, with agents in the area typically earning between $45,000 (£32,496) and $90,000 a year...
Published - Tuesday, 20 January, 2009
In the latest in a string of cooperative manoeuvres, the US Navy is embarking on a training programme in Equatorial Guinea to ensure that the country is able to ramp up security in order to support its burgeoning oil and gas industryAnton Smith, the US charge d'affaires, told the Stars and Stripes that the country has been able to punch above its weight since establishing an energy sector...
Published - Tuesday, 20 January, 2009
The shipwrecks which have proliferated off the coast of Nigeria in recent years as pirates and rebel groups look to destabilise the oil and gas industry and other key maritime sectors must be removed, Nigerdock's port facility security officer Emmanuel Eyo has saidSpeaking to This Day, he called for an immediate removal of the wreckages in order to maintain safe navigation in Nigeria's waters, while also calling for increased naval security patrols...
Published - Monday, 19 January, 2009
More than 60 full-time jobs are to be created in Donegal with the establishment of a new training centre to provide engineers with the skills to work in the upstream oil industry The Irish Independent reports that the Feidm Mara Teoranta training and development centre will be based in the Falcarragh business park and will offer five day immersion courses in addition to refresher training...
Published - Monday, 19 January, 2009
The International Finance Corporation (IFC) has announced that it will bankroll Salamander to pursue upstream oil ventures in Laos and Thailand Under the remit of the World Bank, the IFC will commit $25 million (£16...
Published - Thursday, 15 January, 2009
US oil major National Oilwell Varco (NOV) will this year focus on targeted acquisitions and the establishment of a new training and development centre in Brazil, Reuters reportsLoren Singletary, director and vice-president of global corporate accounts at NOV, told investors at a recent company conference that the recent shortfall in credit had left some firms wanting of liquidity, thereby presenting substantial acquisitions growth opportunities for companies with strong balance sheets...
Published - Wednesday, 14 January, 2009
Aberdeen-based CETCO has confirmed that it has entered into a water treatment deal with Libyan partners operating in the oil and gas industryIn addition to providing leading-edge waste water treatment technology to APSCOP, the group will also extend training and development programmes to local employees in order to expand the skill set of the local community...
Published - Monday, 12 January, 2009
The oil and gas industry has spent large amounts of money on training and development courses in order to reduce the number of accidents that happen on the job, Joe Hurt, vice-president of the International Association of Drilling Contractors (IADC), has commentedSpeaking to the Times-Picayune, he explained that oil training must be developed continuously in order to ensure that risk is lowered for those working in both the onshore and offshore sector...
Published - Monday, 12 January, 2009
Upstream oil software developer SMT has announced that it has penned a deal with the Indian Oil and Natural Gas Corporation (ONGC) to provide its full Kingdom suite of geoscientific interpretation softwareThe company insisted that the ONGC's upstream subsea operations could be significantly enhanced by the software, which will also provide backwards compatibility with legacy software systems...
Published - Friday, 09 January, 2009
The Norwegian Clean Seas Association for Operating Companies (NOFO) has announced that it will provide training and development for 50 permanent workers to man the country's coast to deal with any oil spills quickly and efficientlyAccording to the Norway Post, the oil and gas industry will also work in closer collaboration with municipal bodies to ensure that there is an understanding of the roles and responsibilities to be assumed should a spill occur...
Published - Thursday, 08 January, 2009
Nor-Asian is nearing completion of a deal with the Philippines department of energy governing the rights to begin drilling off the country's coastSpeaking to BusinessMirror, energy department director Vicente Labios said that draft memorandums have now been sent to relevant governments in Argao and Sibonga, in the south-east of Cebu...
Published - Wednesday, 07 January, 2009
Caterpillar has announced plans to build a new road grader plant in Arkansas to consolidate its operations as the world's largest supplier of construction and mining equipment and industrial gas turbinesAccording to Arkansas News, the company will bring 600 jobs to North Little Rock when the facility is opened, all of whom will also be able to benefit from training and development courses run by the Pulaski technical college...
Published - Tuesday, 06 January, 2009
The Chinese National Petroleum Company (CNPC) has begun operations in the al-Ahdab field in the Wasit province of eastern Iraq, making it the first foreign oil company to work in the country for three decadesWasit governor Latif al-Tarfa told Reuters: "The Chinese engineers have located the spot where they will construct a field work site and all the company's equipment will reach the southern port of Basra soon...
Published - Tuesday, 06 January, 2009
UK-based energy firm Cairn has helped put India in a strong position to weather the economic storm with the discovery of substantial oil fields in RajasthanThe Economic Times reports that the Barmer discovery, which was made in 2004 in a field abandoned by Royal Dutch Shell and taken over by Cairn India, is set to change the face of the country's energy industry at a time when it cannot afford to be so reliant on the overseas oil and gas industry...
Published - Tuesday, 06 January, 2009
Helicopter pilots serving the offshore oil and gas industry need to be provided with more robust simulation training to enable them to handle disaster scenarios effectively, the UK Air Accident Investigation Branch (AAIB) has found The group's conclusion comes in the final report into the crash of a Dauphin 2 operating in the Irish Sea in December 2006...
Published - Wednesday, 31 December, 2008
Dana Gas has announced its discovery of a "significant" gas and condensate reserve at its El Basant-2 well in the Nile Delta Concession in Egypt, it has been reportedOnline resource energyme...
Published - Thursday, 25 December, 2008
The Baku-based branch of Gulf Drilling is set to expand its use of a mobile drilling rig which will allow it to begin searching for oil and gas wells at a depth of up to 3km, the company has announcedIn a statement, the group also said that it was committed to the regular training and development of Azerbaijani workers involved in drilling projects and has already trained 200 permanent staff and 100 additional workers on a temporary basis...
Published - Friday, 19 December, 2008
Guilherme Estrella, Petrobras' exploration chief, has claimed that the company is Brazil's space programmeIn an interview with Bloomberg earlier this year, Estrella claimed that the national spirit is contained within the company, which is itself now fighting for the right to retain control of the country's vast offshore oil and gas reserves...
Published - Wednesday, 17 December, 2008
Caesar Systems and Decisions Frameworks have announced that they will enter a cooperative agreement to extend training and development opportunities for the upstream oil and gas industryIn a joint statement, the companies said that the PetroVR and DTrio software suites would help to improve workflow management and decision making practices in the upstream industry...
Published - Wednesday, 17 December, 2008
The China National Offshore Oil Company (CNOOC) expects to receive state approval for a new exploration project in the South China Sea, investor relations head Xiao Zongwei has saidAccording to Xinhua, the new CNY 200 billion (£18...
Published - Tuesday, 16 December, 2008
African workers will benefit from oil training courses run by Venezuelan energy experts to streamline upstream operations, a Venezuelan state official has declaredAccording to Afrik, foreign affairs vice-minister Reinaldo Jose Bolivar told journalists that the country had signed more than 150 training and development pacts with various African countries under the remit of the South America-African Union partnership...
Published - Thursday, 06 November, 2008
Although progress has been made in the areas of health, environment and safety in the exploration and production sectors of the oil industry, there is still work to be done, it has been claimed In an article for the latest edition of the Journal of Petroleum Technology, consultant Lyn Arscott said that surveys conducted at the Society of Petroleum Engineers (SPE) International Health, Safety and Environment Conferences have shown that industry members believe good progress has been made in a num
Published - Thursday, 06 November, 2008
The importance of safety on oil fields has been highlighted following an oil spill at the Tordis field in the North Sea earlier this year A report into the incident by the Petroleum Safety Authority Norway (PSA) has found that lessons learned from the spill should be communicated to the industry to ensure that storage in geological formations remains safe in future...
Published - Wednesday, 05 November, 2008
The oil ministry in Iraq has called on parliament to pass the country's oil law, which has stalled a number of timesA spokesperson for the ministry, Assem Jihad, said that the law would help to rebuild the oil infrastructure in the country, the Associated Press reports...
Published - Wednesday, 05 November, 2008
The global oil industry risks facing a severe shortage of highly skilled technicians and engineers as easily accessible reserves are depleted Such is the claim of the Abu Dhabi National Oil Company, which has insisted that the sector has not kept pace with other industries in the training and development of highly skilled workers...
Published - Monday, 22 September, 2008
Reliance Industries Limited has risen to the challenge of finding technical manpower and started production of crude oil at its KG-D6 block of Krishna Godavari Basin The company says from the time of discovery, oil production began in just over two years, making it one of the fastest green-field deep water oil development projects in the world...
Published - Thursday, 18 September, 2008
A new gas discovery has been made in Egypt, it has been announcedRWE Dea, an operator in the exploration and production of natural gas and crude oil sector, discovered that the South Sidi-Ghazy 1x-well found the Messinian formation to be gas bearing for a second time...
Published - Wednesday, 17 September, 2008
Norwegian firm Aker Solutions is to invest heavily in its Brazilian operation following subsea developments in Brazil's pre-salt fairwayThe funds will go into the Curitiba manufacturing plant for subsea trees in Brazil...
Published - Wednesday, 17 September, 2008
Norwegian firm Aker Solutions is to invest heavily in its Brazilian operation following subsea developments in Brazil's pre-salt fairwayThe funds will go into the Curitiba manufacturing plant for subsea trees in Brazil...
Published - Monday, 15 September, 2008
Rowan Companies confirmed that it has entered into three-year contract with EnCana for four new 2000-horsepower land rigs The first rig is scheduled for May 2009, with each additional rig to follow approximately every three months thereafter...
Published - Monday, 15 September, 2008
BP Exploration has awarded Technip and its subsidiary Angoflex two major frame agreements for oilfield projects in AngolaThe agreements are part of BP’s deepwater development programme in the African country and each frame agreement is worth around 80 million euros (£64 million)...
Published - Monday, 15 September, 2008
Rowan Companies confirmed that it has entered into three-year contract with EnCana for four new 2000-horsepower land rigsThe first rig is scheduled for May 2009, with each additional rig to follow approximately every three months thereafter...
Published - Friday, 12 September, 2008
RWE Dea has made a sixth and seventh discovery in the Libyan Sirte Basin, it has emerged Two exploration wells in the concession NC193 found oil-bearing reservoirs...
Published - Thursday, 11 September, 2008
Petrobras has discovered a substantial amount of light oil in the pre-salt reservoirs in the Santos Basin in Brazil, it has emerged Covering an area of approximately 300 km2, the total estimated recoverable volume is between three and four billion barrels of light oil and natural gas...
Published - Thursday, 11 September, 2008
Members of the Organisation of the Petroleum Exporting Countries (Opec) earned more in 2007 than 2006, it is thought The Energy Information Administration (EIA) has estimated that member countries earned $671 billion (£378 billion) in net oil export revenues in 2007, a ten percent increase from the previous year...
Published - Wednesday, 10 September, 2008
The Organisation of the Petroleum Exporting Countries (Opec) welcomed non-member countries at its 149th meeting this week Opec greeted the minister of petroleum of Egypt, the deputy prime minister of the Russian Federation, and the minister of energy and mining of the Republic of Sudan at the meeting, which convened in Vienna, Austria, on 9th and 10th September...
Published - Wednesday, 10 September, 2008
Tullow, an oil and exploration company, has announced the discovery of an oil well in Uganda It was discovered at the Kigogole-1 exploration well located in the Butiaba region of Uganda...
Published - Wednesday, 10 September, 2008
Gulfsands Petroleum has announced that oil production through the Khurbet East Early Production Facility has increased Production is now coming through three vertical and two horizontal wells with 500 barrels of 25...
Published - Tuesday, 09 September, 2008
Energy company GDF Suez is in talks with Dutch oil company Nederlandse Aardolie Maatschappij BV (NAM) to acquire oil and gas assets in the North Sea The deal will cost the French company 1...
Published - Tuesday, 09 September, 2008
The Iraq government is to sign a deal with Royal Dutch Shell, it has emergedOn Sunday, the Iraqi cabinet announced the decision to invest in the joint venture that will involve the tapping of natural gas in the southern region of the country...
Published - Monday, 08 September, 2008
Ecopetrol has announced the discovery of a new oil well in Colombia, MercoPress has revealedSituated in the province of Hulia, in the south-east of the South American country the well showed initial tests of 900 barrels a day, the news agency reported...
Published - Monday, 08 September, 2008
Officials from the Nigerian National Petroleum Corporation (NNPC) have completed a successful visit to Moscow and signed a memorandum of understanding with Russia's Gazprom Under the new initiative, the Russian gas giant will work alongside the state-owned NNPC in a number of exploration, production and transportation projects within the African country's oil and gas industry...
Published - Monday, 08 September, 2008
French oil company Total has confirmed that it has signed three major new refining and exploration deals with the Syrian energy industry In a statement released on the back of a visit to Damascus by President Nicolas Sarkozy, it was announced that the firm will work alongside the state-owned Syrian Petroleum Company and the Syrian Gas Company to achieve a long-term strategic partnership...
Published - Thursday, 04 September, 2008
The independent oil and gas production company Faroe Petroleum has reported that drilling has started at a major new well located off the coast of Norway Located some 65 metres beneath the bed of the North Sea, the company's Marsvin Well, Licence PL289, is expected to significantly improve its exploration potential in the region, though no predictions regarding the size of the reserves have yet to be released...
Published - Thursday, 04 September, 2008
A number of British oil and gas exploration companies have joined Malaysian and Canadian firms in expressing an interest in the development potential of Bosnia's oil fields Coming on the back of steadily-rising crude oil prices, the Sarajevo government has announced that it is to revive long-standing oil and gas exploration plans...
Published - Tuesday, 02 September, 2008
Venezuela is set to reach an agreement to supply alternative energy sources to South Africa's booming industrial sector Coming just days after President Hugo Chavez confirmed that his country would also be supplying Paraguay with affordable crude oil exports, he is now in talks with his South African counterpart Thabo Mbeki regarding a similar arrangement...
Published - Tuesday, 02 September, 2008
Brazil's state-owned oil exploration and production firm Petrobras has confirmed that it has the necessary technology in place to extract newly-found resources in the Santos Basin Since last November, the firm has announced a series of new discoveries within the offshore subsalt reserves, with initial estimates pointing to possible reserves of up to eight million barrels of oil...
Published - Monday, 01 September, 2008
Shares in the UK oil and gas exploration and production firm Bowleven have soared by almost 20 per cent on the back of the announcement that it has made a significant new find in the west of Africa A statement released by the Edinburgh-based company confirmed that initial testing at its IF-1r well off the coast of Cameroon has yielded "impressive results", with light sweet oil flowing at 3,371 barrels a day...
Published - Friday, 29 August, 2008
The China National Offshore Oil Corp (CNOOC) has confirmed that it is to spend around $66 billion on doubling the capacity of one of its major refineries...
Published - Friday, 29 August, 2008
The oil and gas industry in the north-east of England has been given a further boost after £4 million worth of new contracts were awarded to several companies there Just days after the charity TTE Technical Training Group confirmed that it is to invest millions of pounds for training youngsters looking to break into the industry, it has been announced that Gateshead-based Express Engineering has reached an agreement to supply sub-sea components...
Published - Thursday, 28 August, 2008
Norway's StatoilHydro has confirmed that it is on course to increase production rates to 22 million barrels of oil per day, thanks to a number of recent discoveries...
Published - Thursday, 28 August, 2008
Recent rises in global fuel prices have made the UK's onshore resources more viable, with industry leaders arguing that they could play a vital part in meeting future demand, it has been reported While the UK is believed to have just 0...
Published - Tuesday, 26 August, 2008
Revus Energy has reported a further new find in the North Sea, with drilling at its wells in the Ipswich prospect revealing significant reserves Though the exact size of the new discovery has yet to be determined, the Norwegian firm has called the initial testing at its exploration well 1/3-11 "encouraging", pointing to an oil column of some 60-metres...
Published - Thursday, 21 August, 2008
Venezuela's state-run oil company PDVSA is to join forces with its Vietnamese counterpart for the further exploration of the Orinoco basin, in the east of the Latin American country Following a meeting of the two parties in Caracas, it was confirmed that two joint refining companies will be established with the aim of fulfilling the potential of the region, in which PetroVietnam already holds a concession...
Published - Wednesday, 20 August, 2008
Japanese oil and gas engineering group Chiyoda Corp is to launch a joint bid with Samsung Engineering for the planned construction of two major new export refinery plants in Saudi Arabia, it has been announced Coming as the company moves to reduce its commitments in Qatar and concentrate on developing new fields and petrochemical production facilities across Asia and Latin America, Chiyoda has confirmed that these latest contracts are valued at around $1...
Published - Wednesday, 20 August, 2008
The Canadian international oil exploration and production firm Gran Tierra Energy has announced that it has made a significant new discovery in central Colombia Coming just three months after the company started drilling the Popa-2 exploration well in the Rio Magdalena of the Middle Magdalena Basin, tests have pointed to a production potential of some 8...
Published - Monday, 18 August, 2008
Brazil's state-run oil company Petrobras has confirmed that it intends to bring a further 63 new rigs into operation over the coming years as it looks to expand its deep water operations Coming soon after the company announced a significant new discovery in the Santos Basin region, chief financial officer Almir Barbasa has stated that 59 of the new rigs will be positioned so as to drill in very deeps waters, and in particular in the pre-salt layers found off the coast of Rio de Janeiro...
Published - Monday, 18 August, 2008
The UK-based oil and natural gas production and development firm Bow Valley Energy has announced news of a new discovery within the North SeaThe find, which was made by its fully-owned subsidiary Bow Valley Petroleum, was made at its Blackbird site, located within Block 20/2a, just six kilometres south of the Ettrick field...
Published - Friday, 15 August, 2008
Exxon Mobil has confirmed that its subsidiary Esso Exploration Angola has started production at a pair of new sites within the central African countryA statement released by the firm reveals that oil is now being produced at the Saxi and Batuque fields, both of which are located within the Kizomba C project...
Published - Tuesday, 12 August, 2008
BG Group has announced that it has made a "significant" North Sea oil discovery off the coast of Norway, with initial testing pointing to a production capacity of around 7,500 barrels a day The Snorre field discovery was made in cooperation with BG's consortium partners, namely Norway's Regus Energy, Japan's Idemitsu and RWE of Germany...
Published - Friday, 08 August, 2008
BG Group has confirmed that it has made a new oil discovery off the coast of Brazil In a statement released by the UK-based oil and gas producer, it was explained that the new find is located at its Iara well, in the pre-salt Santos Basin, currently one of the most promising regions of the burgeoning South American sector...
Published - Thursday, 07 August, 2008
US oil company Chevron has revealed that expects to produce as much as 250,000 barrels of oil and gas per day from its new offshore oil field in Nigeria According to a statement released by the company, its Nigerian affiliate Stap Deep Water Petroleum, has now started work at the Agbami field, located just 70 miles from the centre of the Niger Delta district and believed to hold a potential of some 900 million barrels...
Published - Wednesday, 06 August, 2008
Tullow Oil has reported an "excellent" new oil discovery at its exploration wells in Uganda After tests were carried out at the Kasamene-1 well, located within the Butiaba region of the country, it was confirmed that it holds the potential of in excess of 31 metres of net oil pay, alongside more than six metres of net gas pay...
Published - Tuesday, 05 August, 2008
Sonatrach, Algeria's state-owned oil production company, has reported making three new discoveries in the south of the country In a statement released by the firm, it has been confirmed that the three new finds were made at the Tinerkouk West-1, Tinzaouatine-1 and Reg Mouaded-1 wells, all located within the Sahara Desert...
Published - Tuesday, 05 August, 2008
Brazil's national oil company Petrobras has confirmed that it is to cut back on exploration projects overseas so as to concentrate on developing its own offshore resources At present, the producer operates a number of projects across South America as well as in Asia and several leading African oil states, including Angola and Nigeria...
Published - Tuesday, 05 August, 2008
Exxon Mobil has announced that it has stated operations at its $13 billion project in Nigeria as it looks to increase its production of natural liquid gas out of the African country...
Published - Monday, 04 August, 2008
The world's national oil companies (NOCs) are increasingly turning to third-party oil services groups, rather than forming partnerships with their peers, to assist them with the development of new fields According to the chief executive of Schlumberger, Andrew Gould, this trend has come on the back of a number of the world's biggest companies shedding their own oil services departments and cutting down on the number of specialist engineers and geologists they employed in times of low prices...
Published - Thursday, 31 July, 2008
The Mexican national oil producer Pemex has announced plans to construct a new refinery aimed at cutting the country's growing reliance on crude importsPresently, the Mexico City government is being forced to spend billions of dollars on importing fuel from overseas so as to meet steadily increasing consumer demand, a situation which prompted the country's president Felipe Calderon to call on Pemex to draw up plans for a possible new refinery...
Published - Wednesday, 30 July, 2008
Canadian oil producer Verenex has confirmed that it has made a new discovery in Libya The new find, which has also been announced by the Libyan National Oil Corporation, is located in the production Area 47, within the Ghadames Basin and, according to the two firms, represents confirmation of the resource potential of the Lower Acacus part of the region...
Published - Tuesday, 29 July, 2008
The Abu Dhabi National Energy Company (Taqa) has made public its plans to double European oil production over the next five years, it has been reported Currently, the company pumps 55,000 barrels of oil daily across its various European plants, but would like to see this rate doubled to a similar level of that which they extract from North America; 100,000 barrels per day...
Published - Monday, 28 July, 2008
The French independent oil company Maurel & Prom has made a new discovery in Gabon, it has been reported After selling its stake in the Republic of Congo fields just last year, the firm has been looking to replenish its production capacity through further investment in Africa...
Published - Monday, 28 July, 2008
The outgoing Pakistani ambassador to Abu Dhabi has explained that the initial cost estimates for a joint oil refinery project look set to increase substantially as the project is expanded Speaking at a press conference organised by the Pakistan Business Council (PBC) and hosted in the Emirate, ambassador Ahsan Ullah Khan revealed that the planned Khalifa Coastal Refinery, to be located close to the city of Karachi, will now contain a major petrochemical city as well as a port and a power generat
Published - Friday, 25 July, 2008
Venezuelan president Hugo Chavez has confirmed that his country has reached a deal to develop a further three oil fields with Belarus The two countries reached a development agreement last year after Mr Chavez met with his Belarusian counterpart Alexander Lukashenko, though up until now the joint venture has been limited to a production capacity of two million tons of oil a year...
Published - Thursday, 24 July, 2008
Trinidad and Tobago will turn to Canada for help developing its oil and gas industry, a government official has stated Presently, the Caribbean country is working towards its plan of becoming a developed nation by the year 2020, with its oil and gas resources seen as a key means of achieving this...
Published - Thursday, 24 July, 2008
BP has confirmed that it has withdrawn a number of engineers from Russia and reassigned them elsewhere as corporate relations at its projects within the country continue to deteriorate The British company had been working alongside Russia's TNK in bringing skilled workers to help boost production levels at a number of exploration and production projects in Siberia...
Published - Tuesday, 22 July, 2008
Mexico's state-run oil company Petroleos Mexicanos (Pemex) has indicated that it may take the unprecedented step of drilling for new crude reserves outside of its national borders should the existing laws concerning foreign workers not be changed According to the company's chief executive, Jesus Reyes Heroles, it needs to turn to outside help for deep water drilling operations as it currently lacks the necessary technology and skilled workforce...
Published - Tuesday, 22 July, 2008
The Swedish oil and gas exploration and production company Lundin Petroleum has confirmed that its drilling operations in the UK Continental Shelf (UKCS) have led to a significant discovery within the Torphins prospect A statement released by the firm confirmed that the oil and gas reserves find was made on the back of a month-long drilling project at its exploration well 21/8-4Z, located in block 21/8, within the central North Sea sector...
Published - Friday, 18 July, 2008
The oil and gas exploration and production firm Aminex Plc has confirmed that it will be developing its recent Kiliwani North discovery in Tanzania as a commercially viable gas field Following on from last month's successful tests, which saw the Kiliwani North-1 well produce 40 million cubic feet of gas a day, the company has decided to fast-track operations at the site with the aim of commercialising it as soon as possible...
Published - Thursday, 17 July, 2008
US exploration and production firm Noble Energy has confirmed that it has made a new natural gas discovery off the coast of Equatorial Guinea According to a statement released by the firm, the find was made at the Diega offshore site, though as yet no figures have been released regarding the production potential of the multiple hydrocarbon-bearing reservoirs...
Published - Wednesday, 16 July, 2008
India's Directorate General of Hydrocarbons (DGH) has confirmed that it has signed a memorandum of understanding with Western Australia's Department of Industry & Resources (DoIR) regarding the future development of their respective oil and gas industries Under the agreement, the two sides will work together to exchange information and share expertise in the fields of exploration and production, as well as oil field abandonment...
Published - Wednesday, 16 July, 2008
Russia's state energy company Gazprom has confirmed that it has reached an agreement which will see it cooperate in the development of Iranian natural gas and oil reserves Under the new deal, which was signed by the company and Iran's oil minister Gholam Hossein Nozari, greater investment will be put into projects in both the Azadegan region as well as fields located around the Caspian Sea...
Published - Tuesday, 15 July, 2008
Brazil's state-run oil company Petrobras has reported the discovery of new oil reserves in the Espirito Santo Basin, on the South Atlantic coast Initial estimates point to a potential of around 150 million barrels of recoverable, good quality oil, with the reserves located in the area currently being used for the Golfinho field, around 40 miles from Vitoria, the capital city of the Espirito Santo region...
Published - Monday, 14 July, 2008
The Sri Lankan government has announced the details of its Petroleum Resources Agreement, reached with Cairn India in regards to the exploration of the Mannar basin Under the new deal, the Indian company, which has already provided a $1 million up-front payment for the commencement of the digging, will receive as much as 65 per cent of total commercial oil and gas revenues from the basin...
Published - Friday, 11 July, 2008
The contracts for the construction of two new oil refineries in the south of Iraq are likely to be signed within the next few weeks, an official from the country's Oil Ministry has stated Coming soon after the government confirmed that it is to offer up around a dozen oil and gas refining sites to international companies over the remainder of the year, one senior official has revealed that it expects to sign two new contracts by the end of the month...
Published - Wednesday, 09 July, 2008
As much as £750 billion worth of oil and gas reserves remain untapped in the North Sea and the Atlantic frontier just west of the Shetland Islands, a new report from Oil & Gas UK has concluded According to the industry trade body's chief executive Malcolm Webb, it is estimated that there are between 16 and 25 billion barrels of oil and gas to be recovered from the region, equivalent to almost half of that extracted from the North Sea to date...
Published - Wednesday, 09 July, 2008
Lundin Petroleum AB has confirmed that one of its Caspian Sea exploration wells has made a significant oil discovery, though added that the find is likely to be smaller than was initially believed In a statement released by the company, it revealed that the find was made at the Morskaya-1 test well, located in the Lagansky block in the north of the sea...
Published - Wednesday, 09 July, 2008
Bahrain's Labour Fund (LF) and national Tender Board have signed a memorandum of understanding concerning a new initiative aimed at training private sector employees in electronic tenderingWith the government keen to allow enterprises to develop independently of the state and for professionals to acquire skills relevant to modern global commerce, the deal was reached between LF chairman Dr Nizar Al Baharna and Dr Abdulhussain Mirza, the Bahraini minister for oil and gas affairs as well as chairm
Published - Monday, 07 July, 2008
The overseas arm of India's Oil and Natural Gas Corporation, ONGC Vadesh (OVL), has put forward plans to work alongside the Angolan state oil firm Sonongal and expand on offshore exploration effort in the African country Under the deal proposed by Indian petroleum minister Murli Deora at the recent World Petroleum Congress in Madrid, OVL would work to help development at up to ten separate offshore exploration blocks in order to help Angola build on its current production levels of around 1...
Published - Wednesday, 02 July, 2008
Shares in the Oil and Natural Gas Corporation (ONGC) rose in value by 16 per cent on the back of reports revealing that the company is close to securing a deal with the Iranian government for the development rights of a significant gas find...
Published - Wednesday, 02 July, 2008
Seven Iraqi oil and gas fields are to be offered up for development by foreign companies, the country's oil minister Hussain al-Shahristani has announcedWith the contracts set to be awarded either later this year or at the start of 2009, the minister confirmed that the fields to be opened up to tender include Rumaila, Zirkuk, Zubair, West Qurna Phase 1, Bai Hassan and the three sites making up the Maysan fields, namely Bazargan, Abu Gharab and Fakka...
Published - Wednesday, 02 July, 2008
Gulfsands Petroleum has confirmed the construction of its Khubert East Early Production facility in the north of Syria has been completed ahead of scheduleComing just five months after approval was granted for the development of the site, which is located in Block 26 of the region, the company now expects oil production at the plant to begin at the start of August...
Published - Monday, 30 June, 2008
Oilexco has confirmed that it has made a "significant" due oil and gas discovery at Moth in the North SeaThe finding, which is located in Block 23/21 in the north of the sea, was made following a programme of drilling into hydrocarbon-rich reservoir sands with a thickness of around 600 feet...
Published - Monday, 30 June, 2008
Dana Gas has announced that it has made a new discovery within its Egyptian oil drilling concession zoneThe find, which represents the first significant discovery of the year under the company's $170 million exploration campaign, has been taken as further proof of the presence of a strong hydrocarbon system within upper Egypt...
Published - Monday, 30 June, 2008
Brazilian president Luiz Inacio Lula da Silva has stated that the proposed exploration of a new offshore area will enable the country to more than triple its oil reserves over the coming yearsComing soon after it was announced that the largest discovery made in the Western Hemisphere since 1976 was made off the coast of the South American country, Lula explained that he intends to push the sector forward to enable it to join the top ten global nations in terms of oil supplies...
Published - Monday, 30 June, 2008
Talisman Energy has confirmed that it has made a small oil discovery close to the Varg field, off the coast of NorwayAccording to a statement released by the Norwegian Petroleum Directorate (NPD), the Canadian firm's made the find while drilling its wildcat well 15/12-20 S, just half a kilometre away from the developed field in the North Sea...
Published - Friday, 27 June, 2008
Brazilian president Luiz Inacio Lula da Silva has stated that the proposed exploration of a new offshore area will enable the country to more than triple its oil reserves over the coming years Coming soon after it was announced that the largest discovery made in the Western Hemisphere since 1976 was made off the coast of the South American country, Lula explained that he intends to push the sector forward to enable it to join the top ten global nations in terms of oil supplies...
Published - Friday, 27 June, 2008
Talisman Energy has confirmed that it has made a small oil discovery close to the Varg field, off the coast of Norway According to a statement released by the Norwegian Petroleum Directorate (NPD), the Canadian firm's made the find while drilling its wildcat well 15/12-20 S, just half a kilometre away from the developed field in the North Sea...
Published - Thursday, 26 June, 2008
Canada's Talisman Energy has finally completed the signing of two oil contracts with the government of the autonomous Kurdish region, in spite of prolonged opposition from the Iraqi central government In return for the new contracts, the firm has announced that it will invest around £110 million as part of its ongoing social responsibility programme in Kurdistan, aimed at improving the infrastructure in a region which suffered especially heavily under the Saddam Hussein regime...
Published - Wednesday, 25 June, 2008
The prime minister of Japan has confirmed that his country is close to reaching an agreement with China over long-disputed offshore natural gas reserves Coming ahead of next month's summit of leading industrial nations in Tokyo, Yasuo Fukada explained that a deal is due to be made concerning the reserves in the East China Sea...
Published - Wednesday, 25 June, 2008
Indonesia's national oil and gas producer PT Pertamina has announced that it has reached an agreement with Talisman Energy to work together to increase the output of the country's old wells using enhanced oil recovery technology (EOR) Under the deal, it is hoped that the current 15 per cent annual decline being seen in the productivity of the country's wells could be cut to just seven per cent, thereby offering increased protection against soaring global oil costs...
Published - Wednesday, 18 June, 2008
Iraq's Oil Ministry has confirmed that it is in talks with Royal Shell Dutch over the possibility of jointly developing new natural gas resources in the south of the country According to Munadhil Abid Khanjar, the head of the Basra Economic Development Committee, Iraq is currently losing around £20 million worth of natural gas a day purely as a result of a lack of adequate infrastructure to facilitate its consumption or export...
Published - Wednesday, 18 June, 2008
British gas exploration company BG Group has confirmed that it has made another new discovery in the Santos Basin, off the coast of Brazil Coming just days after the company announced an earlier find within its BM-S-9 concession area, in which it holds a 30 per cent interest, it has now revealed that its Guara well has discovered new reserves...
Published - Tuesday, 17 June, 2008
Norway's Statoilhydro has announced that it has made a gas discovery at the Galtvort prospect in the Norwegian Sea Situated 30 kilometres north-east of the Njord field and nine kilometres north-west of the Draugen field, the new discovery will be 30 per cent owned by Statoilhydro, with a number of other domestic and foreign companies also holding an interest...
Published - Tuesday, 17 June, 2008
Researchers from Aberdeen University have announced that they are to undertake a two-year investigation of potential new oil fields in the Faroe-Shetland basin According to the scientists the 117 square mile stretch of sea, located between the two groups of islands, could be home to reserves which have remain undiscovered and untapped for more than 40 million years, largely due to the thick layer of lava found on the sea bed...
Published - Wednesday, 11 June, 2008
The UK's gas supply capabilities look set to be doubled after the Italian energy group ENI announced that it has reached an agreement to take control of the Hewett Unit field in the North Sea In a £210 million deal, ENI will acquire Tullow Oil's 52 per cent stake in the field, thereby bringing its own overall stake to 89 per cent, and it has confirmed that it is now looking to develop a storage facility capable of holding up to five billion cubic metres of gas by 2013...
Published - Wednesday, 11 June, 2008
The Philippines Department of Energy (DoE) has announced that production is set to begin at the Galoc oil field next week as the country moves towards energy autarky Speaking at a news conference in the city of Malacanang, department secretary Angelo Reyes confirmed that the $120 million oil field, which is located in the Palawan district, is expected to produce between 17,000 and 20,000 barrels a day, talking total output for the region to 30,000 barrels, equivalent to ten per cent of total dem
Published - Tuesday, 10 June, 2008
Marathon Oil has confirmed that it has produced the first oil from its Alvheim field, located around 140 miles off the coast of Stavanger, Norway The Texas-based oil and natural gas exploration and production company expects the field to reach its full net production potential of 13,500 barrels a day by the end of the year, with six wells having already been drilled and completed...
Published - Tuesday, 10 June, 2008
The head of Australia's Roc Oil has described its first discovery in a major Angolan field for almost four decades as "encouraging" The new oil and associated reserves were discovered at the end of last week during routine testing of the company's Coco 1 onshore well and comes as it carries out a seven-well drilling programme at the Mossambala field, also in the African nation...
Published - Friday, 06 June, 2008
The volume of the remaining North Sea oil reserves could exceed current estimates by around 20 per cent, geological experts have claimed With some 37 billion barrels having already been extracted from the UK Continental Shelf (UKCS) since oil was discovered there, it had been widely believed that there are as much as 25...
Published - Thursday, 05 June, 2008
The Abu Dhabi National Oil Company (Adnoc) is likely to be forced to invest as much as 50 per cent more than originally anticipated in new gas projects within the emirate as construction costs continue to rise, it has been predicted With domestic demand currently rising fast and demand for exports as strong as ever, the company is keen to invest in the development of sour gas resources at a number of sites, most notably its mega Shah field project...
Published - Thursday, 05 June, 2008
The Iraqi government needs to invest in widespread training programmes and infrastructure improvements so as to treble its crude oil export capacities, the leader of the semiautonomous Kurdish region has argued With the Kurds and the central government currently discussing oil contract signing rights, Nechirvan Barzani has called for six million barrels a day to be exported in order to drive the national economy forward...
Published - Wednesday, 04 June, 2008
Oil fields off the coast of Brazil have a high production potential while also being relatively risk-free, the head of the state-owned Petroleo Brasileiro (Petrobras) has stated Just recently, the company made the biggest oil discovery in the Western Hemisphere for more than 30 years in the pre-salt region off the coast of Rio de Janeiro...
Published - Wednesday, 04 June, 2008
Shares in the oil and gas exploration company Dana Petroleum rose in value by three per cent as it announced news of a "significant" gas discovery off the coast of Egypt At present, the Scottish firm produces around 11,000 barrels of oil a day in the West El Burullus area, in which it holds a 50 per cent share...
Published - Wednesday, 04 June, 2008
With the rising cost of oil driving forward exploration efforts in the North Sea, observers have predicted that the energy sector in the north-east of England is likely create thousands of specialist jobs over the next few years New research has revealed that the oil and gas industry in the region currently employs some 5,000 people, while there are also around 1,730 job vacancies needing to be filled...
Published - Wednesday, 04 June, 2008
The Canadian Association of Petroleum Producers has stated that it is successfully overcoming a number of environmental challenges as it awarded notable achievements in the sector this week For the third year in succession, the professional body used the opportunity of its annual Steward of Excellence Awards to recognise innovation and ongoing commitment to environment issues, corporate social responsibility and health and safety training...
Gippsland TAFE to open Australian gas training centre in 2012Gippsland TAFE has announced plans to build a new ....: 28-Jul
Oil Search's PNG LNG project advances with training centreOil Search has announced that its LNG project in P....: 28-Jul
Insurance expert calls for oil and gas training in NigeriaAn insurance expert has published a detailed repor....: 28-Jul
Hayward steps down from BPTony Hayward has announced his resignation as chie....: 27-Jul
Oil Search's PNG LNG project advances with training centreOil Search has announced that its LNG project in P....: 28-Jul
Insurance expert calls for oil and gas training in NigeriaAn insurance expert has published a detailed repor....: 28-Jul
Hayward steps down from BPTony Hayward has announced his resignation as chie....: 27-Jul
Last Updated: 28-Jul 12:07
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