Industry News

Indian Oil says Iran may still invest in Chennai Petroleum expansion (1)

India’s biggest refiner Indian Oil Corp Ltd said on Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries.

Saudi Aramco becomes full owner of ARLANXEO joint venture

Saudi Aramco, a world-leading integrated energy and chemicals company; and LANXESS AG, a leading German specialty chemicals company, announced the completion of Saudi Aramco’s acquisition of LANXESS‘s interest in ARLANXEO Holding B.V.,

Alfa Laval wins natural gas order

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply air cooler systems to a gas processing plant in the U.S.

EXMAR’s Tango FLNG sets sail to Argentina

EXMAR announced that its Floating LNG Liquefaction Unit (FLNG), to be renamed Tango FLNG, has left China to the destination of its liquefaction operations: Bahia Blanca, Argentina.

DNO hands over operatorship of Oman Block 8 following license expiry

DNO ASA, the Norwegian oil and gas operator, today announced that its subsidiary DNO Oman Block 8 Limited has relinquished operatorship and participation in Oman Block 8 to the Sultanate of Oman's Ministry of Oil and Gas (MOG) and state-owned Oman Oil Company Exploration and Production LLC (OOCEP).

Equinor, Var Energi AS complete successful appraisal well in the Barents Sea Goliat license

The resource estimates on Goliat continues to increase. Vår Energi AS has together with license partner Equinor completed an appraisal in PL 229 in the Barents Sea through the successful drilling of the 7122/7-7 S Goliat West appraisal well.

Plastic recycling to hit oil producers

Maryland Board Rejects TransCanada Project Easement

Maryland's Board of Public Works voted against a proposed pipeline easement across the western part of the state that would enable TransCanada to transport natural gas from Pennsylvania to West Virginia.

Halliburton President and CEO Jeff Miller appointed as chairman of the board

Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019.

Faroe announces results of Brasse East exploration well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the results of the Brasse East exploration well 31/7-3 S and the Brasse appraisal sidetrack 31/7-3 A in the northern North Sea (Faroe 50% working interest and operator).

Total starts production from giant Egina field, offshore Nigeria

Total has started up production on Dec. 29, 2018 from Egina field, located in around 1,600 m of water depths, 150 km off the coast of Nigeria. At plateau, Egina field will produce 200,000 bopd, which represents about 10% of Nigeria’s production.

Tough to stop Nord Stream 2 now it's being built - EU's Oettinger

U.S. President Donald Trump’s criticism of the Russian-backed Nord Stream 2 pipeline is no reason to stop the project and any attempt to do so would be difficult now that it is being built, European Commissioner Guenther Oettinger said.

Energean to supply Israeli power provider IPM with natural gas

Energean Oil and Gas said on Wednesday it has signed an agreement to supply 5.5 billion cubic meters (BCM) of gas from its Karish and Tanin fields over 19 years to I.P.M. Beer Tuvia.

Total to launch fuel retail network with Sonangol

Total has agreed to develop joint activities in the downstream petroleum sector in Angola, with national company Sonangol.

Bonds beckon OPEC's top Arab producers in 2019 after oil falters

Gulf Arab energy companies are expected to borrow more in 2019 to finance expansion plans after rising oil prices triggered a sharp retreat from debt markets in 2018.

Transocean Ltd. awarded $830 million drilling contract for ultra-deepwater drillship

Transocean Ltd. has announced that it has signed a rig design and construction management contract, as well as a five-year drilling contract, with Chevron USA, Inc. for one of its two dynamically positioned ultra-deepwater drillships currently under construction at the Jurong shipyard in Singapore.