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News // News worldwide

Shell's Zaedyus-2 Well Comes Up Dry

Tullow Oil announced Tuesday that the Zaedyus-2 appraisal well, offshore French Guiana, has completed drilling but failed to find commercial oil or gas.

05 December 2012 , 10:32Neftegaz.ru12250

EYESIM: The Future of Training is Virtual Reality

Computer-based training systems are playing an increasingly important role in process industries, and particularly in training people for upstream oil and gas roles.

22 November 2012 , 10:23Neftegaz.RU15600

Expert: Dialogue is Key to Solving Countries’ Disputes Over Oil Fields on the Border

Countries that have oil fields on the border with neighboring countries need to talk to each other to avoid political tension that may lead to wars, an executive said in Dubai today.

20 September 2012 , 10:12Neftegaz.RU12060

West Africa Boasts Increasing Oil and Gas Exploration and Production in Deep Offshore Areas

The US Gulf of Mexico, offshore Brazil and offshore West Africa represent a “Golden Triangle” for deepwater oil exploration and production, and Nigeria and Angola are building the African region a formidable reputation as an oil and gas exploration and production hub, says a new report by natural resources experts GlobalData.

23 August 2012 , 09:34Neftegaz.RU14880

Consortium to Receive Permit to Develop Isarene Block in Algeria

Members of the Isarene production sharing contract will approach the Algerian authorities to request the permit to develop the Ain Tsila natural gas field, Petroceltic said.

16 August 2012 , 11:56Neftegaz.RU22200

BP Migas Approves 12 Oil and Gas Developments in Indonesia

Indonesian oil and gas regulator BPMigas said on Monday that it has approved plans to begin development of 12 oil and gas fields this year.

16 August 2012 , 11:28Neftegaz.RU13860

Shell pioneers foam fracturing for gas in Egypt

For the first time in North Africa, Shell Egypt and its joint venture partner Badr Petroleum Company (BAPETCO) have successfully performed hydraulic fracturing utilising foam to unlock significant volumes of natural gas trapped in the Apollonia Reservoirs in Egypt’s Western Desert.

15 August 2012 , 11:46Neftegaz.RU24960

Gulf tanker collides with US destroyer

A Japanese oil tanker collided with a US guided missile destroyer in the Arabian Gulf early this morning, according to a statement from the fifth fleet of the US Navy.

12 August 2012 , 11:40Neftegaz.RU12440

Shell signs new Upstream deals with CNOOC and CNPC

Shell announces 2012-07-26  that it has signed 2 offshore oil and gas Production Sharing Contracts (PSCs) with CNOOC, and a PSC amendment with CNPC for a new development phase for the Changbei gas field in China. Shell has also entered an agreement with CNOOC for its participation in two Shell exploration blocks offshore Gabon, West Africa.

26 July 2012 , 16:09Neftegaz.RU13920

India to Invest in Ghana Crude Oil

India is avidly interested in investing in the oil opportunities presented in Ghana. Ghana started oil production in 2010 and at present produces up to 70,000 barrels per day.

12 July 2012 , 10:11Neftegaz.RU27170

71% of world's energy demand growth is from China

The BP Statistical Review of World Energy, 2012 - the 61st annual report is launched today - highlights disruptions to supplies and ever-increasing demand as the two big energy stories of 2011.

05 July 2012 , 10:21Neftegaz.RU12630

South Korea Will Halt Iran Oil Imports from 1st July

South Korea will stop importing oil from Iran from 1st July 2012. This makes South Korea, the first Asian country to halt all imports from Iran as per the EU sanctions.

29 June 2012 , 16:33Neftegaz.RU14340

Vietgazprom started drilling the third exploratory well in the Bao Vang deposit

The Russian-Vietnam Joint Operating Company (JOC), Vietgazprom, started drilling the third exploratory well in the Bao Vang deposit on the continental shelf of Vietnam.

12 April 2012 , 22:40Neftegaz.RU14000

Report: Key oil refinery in southern Kazakhstan damaged in blaze

Media in Kazakhstan are reporting that a major oil-refining plant in the southern city of Shymkent has been damaged in a fire.

06 February 2012 , 15:50Neftegaz.RU14580

U.S. Refiners, Oil Workers Avert Strike With Tentative Three-Year Contract

The United Steelworkers union and Royal Dutch Shell Plc (RDSA) averted a potential strike that would have idled as many as 69 refineries by tentatively agreeing to a new three-year contract.

01 February 2012 , 14:56Lynn Doan and Barbara J. Powellbloomberg.com14770

Kuwait Energy posts 26.9 % Q4 revenue hike

Kuwait Energy, and independent explorer with assets throughout the Middle East, yesterday posted record revenues (net of tax) of $50.4m, up 26.9% from Q4 2010 and up 5.2% from Q3 2011.

01 February 2012 , 14:43Neftegaz.RU13290

EU plans to impose oil embargo on Syria 'next week'

The European Union adopted sanctions against 15 more Syrian individuals and five businesses, and said a promised oil embargo on the Middle Eastern country could be in place next week.

25 August 2011 , 14:32Eric Watkinsogj.com15300

Libya: China pays price for lack of rebel support

Chinese oil firms may pay a financial price for the lack of support for the NATO-assisted revolution in Libya, as representatives of the rebel National Transitional Council state there will be "political issues" with continuing to honour pre-conflict contracts from countries that opposed the rebel campaign.

23 August 2011 , 16:58Neftegaz.RU15550

Iran threatens to take South Pars field from CNPC

Iran has again warned CNPC – China’s state-backed upstream exploration and production company – that if investment in phase 11 of the giant South Pars offshore gas field was not ramped up, the National Iranian Oil Company would take custody of the field.

15 August 2011 , 11:45arabianoilandgas.com18170

Libya rebels claim control of oil town, US holds talks

Libyan rebels said they had won control of the strategic oil refinery town of Brega, as a US official confirmed US envoys had met with members of Moamer Kadhafi's regime.

19 July 2011 , 16:40breitbart.com14130