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News // News worldwide

Petrofac wins $1.3 bln EPC contract with Kuwait Oil Company

Petrofac won a 3-year contract worth roughly $1.3bn from the Kuwait Oil Company.

28 March 2017 , 14:21Neftegaz.RU7300

Green light for Dvalin

Norway’s Ministry of Petroleum and Energy has approved the plan for development and operation for the DEA-operated Dvalin development.

23 March 2017 , 16:17Neftegaz.RU7050

Qatargas to boost Polish LNG supply volumes

Qatargas reached an agreement with Polish Oil and Gas Company to increase the volume of its curent LNG supplies.

15 March 2017 , 14:16Neftegaz.RU6420

Delek: Israel begins gas exports to Jordan

An Israeli company said it has started exporting gas from an offshore field to Jordan.

03 March 2017 , 14:12Neftegaz.RU7340

Iran and Norway in oil talks

Norway's oil industry can invest in Iran's upstream development projects and also collaborate with Iranian companies to adopt enhanced oil recovery (EOR) methods to boost recovery rate from Iranian oilfields.

02 March 2017 , 10:12Neftegaz.RU8220

Indian ONGC may acquire HPCL in $6.6 billion deal

ONGC may acquire HPCL in an about $6.6 billion deal as part of the government's plan to create an integrated oil giant.

28 February 2017 , 12:11Neftegaz.RU8340

Saudis and Angola overtake Russia in January exports to China

Saudi Arabia has regained its position as top oil supplier to China in January, overtaking Russia which was last year’s biggest supplier to China after having pushed the Saudis from the top spot.

27 February 2017 , 10:38Neftegaz.RU64080

Leviathan developers commit to $3.75 bln investment

The developers of the Leviathan natural gas field off the Israeli coast, announced that they would invest $3.75 bln for development.

24 February 2017 , 15:21Neftegaz.RU9010

PDVSA and Schlumberger discuss business relation

Schlumberger CEO Paal Kibsgaard visited the headquarters of Petróleos de Venezuela S.A. to hold a meeting with PDVSA President Eulogio Del Pino.

23 February 2017 , 10:10Neftegaz.RU7350

China's CNPC signed $1.77 billion Abu Dhabi deal

CNPC secured an 8 % share in an onshore oil concession in Abu Dhabi in a deal worth $1.77 billion.

20 February 2017 , 13:01Neftegaz.RU9870

Budget 2017: India to merge state oil companies to create global behemoth

India will merge the existing state-owned oil and gas companies to set up a global behemoth that would compete with some of the largest global petroleum companies.

01 February 2017 , 14:18Sudheer SinghNeftegaz.RU9850

Greece’s Energean to spend up to $1.5 bln on Israeli offshore gas project

Energean Oil & Gas plans to build its own production system in the Eastern Mediterranean at a cost of up to $1.5 billion to tap 2 offshore Israeli gas fields.

11 January 2017 , 18:03Neftegaz.RU10080

Norway sets new gas export record

A new record for gas exports by pipeline from Norway was set in 2016, when 108.56bn m3 was delivered through facilities operated by Gassco to Germany, Belgium, France and the UK.

11 January 2017 , 12:09Neftegaz.RU9280

Maersk to close Denmark’s largest gas production field

Maersk said the country's largest natural gas field is to close next year.

30 December 2016 , 18:00Neftegaz.RU16050

Socar hosts Iranian delegation, Tehran und Baku push for closer ties

On December 28, Socar President Rovnag Abdullayev met with a delegation led by Mahmoud Vaezi, Iran's Minister of Communication and Information Technology, co-chairman of intergovernmental commission.

28 December 2016 , 16:28Neftegaz.RU10880

Latvia's gas grid is unbundled

Shareholders in Latvian gas utility, Latvijas Gaze, voted to hive off its infrastructure as a separate company in conformity with EU rules.

23 December 2016 , 18:23Neftegaz.RU10740

Iran to participate in Kazakhstan’s renewable energy projects

Iran is going to participate in construction of renewable energy plants in Kazakhstan and the 2 countries are expected to sign a memorandum of understanding in this regard.

13 December 2016 , 16:21Neftegaz.RU8650

BP gives go-ahead for Mad Dog 2 project after slashing costs

BP has sanctioned phase two of its Mad Dog project in the Gulf of Mexico after more than halving costs.

02 December 2016 , 10:03Neftegaz.Ru8960

India to invest $20 bln in deepwater fields

India is to invest $20 billion in gas fields in the next 5 to 7 years, according to its oil minister Dharmendra Pradhan.

01 December 2016 , 16:55Neftegaz.RU10060

Saudi Aramco's novel technology to help find new oil fields

Saudi Aramco's Exploration and Petroleum Engineering Center achieved the industry's first trillion cell reservoir simulation run recently.

25 November 2016 , 13:00Neftegaz.RU14450