2018-05-20 TEHRAN (NIOC) _ Iranian Oil Minister Bijan Zanganeh says Tehran’s oil exports to remain unchanged if the Iran nuclear deal is salvaged by the EU following the US withdrawal from the multinational accord. In an address to reporters after his meeting with EU’s energy chief Miguel Arias Canete in Tehran, Zanganeh underlined that the US decision to pull out
Continue reading2018-05-19 TEHRAN (NIOC) _ Iran has signed a deal with Pergas Consortium, a group of international oil and gas companies based in London, to develop Irans Karanj oilfield in its southwestern province of Khuzestan, local media reported Thursday. National Iranian South Oil Company (NISOC) on Wednesday signed a so-called heads of agreement (HOA) with Pergas for the project; first such
Continue readingMay 18, 2018 Getech, providers of natural resources exploration data and information expertise, is pleased to announce the presentation of a poster focussed on the ‘Structure, Tectonics and Petroleum Systems Offshore Newfoundland’ at the upcoming AAPG Annual Convention and Exhibition (ACE), held in Salt Lake City between 20th and 23rd May 2018. Our model allows the study of the European
Continue reading(Hong Kong, May 18, 2018) – CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Husky Oil Operations (China) Limited (Husky) for Block 22/11 and 23/07 in the South China Sea. Block 22/11 and 23/07 are located in the
Continue readingGREAT YARMOUTH, England – 18 May 2018 – SIMMONS EDECO, a leading supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has been awarded a multi-million pound contract by a major North Sea oil and gas operator. As a result of this two-year contract, SIMMONS EDECO
Continue readingHOUSTON, May 17, 2018 /PRNewswire/ — ION Geophysical Corporation (NYSE: IO) today announced a new 2D multi-client program offshore Grand Banks in Newfoundland, Canada. In the first phase of GrandSPAN, ION will acquire approximately 10,000 km of data with an expectation to sanction a second phase of approximately 5,000 km of data further south in 2019. The industry-supported program is
Continue readingRNS Number : 4506O Eland Oil & Gas PLC 17 May 2018 Eland Oil & Gas PLC (“Eland” or the “Company”) Rig contract signed for the drilling of Ubima-1 Eland Oil & Gas PLC (AIM: ELA), an oil and gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce that it
Continue reading17 May, 2018 Global oil and gas products and services provider Aker Solutions has secured a contract valued at over NOK1bn (£91.5m) from Equinor (formerly Statoil) to deliver a module for the Troll A platform. The engineering, procurement, construction and installation contract is the company’s latest award for work at phase 3 of the Troll development. In January, the company
Continue reading202.682.8114 | press@api.org WASHINGTON, MAY 17, 2018 – Today the American Petroleum Institute reported that the first four months of this year saw U.S. petroleum demand average 750 thousand barrels a day above the same period in 2017 despite higher prices, a sign of solid economic activity. April also saw the U.S. produce a record 10.5 million barrels per day
Continue reading16.May.2018 Pulsed Neutron Logging is a key measurement used in reservoir surveillance and production optimisation – but are you getting the most out of your pulsed neutron logging data? Join us for the latest in our Insights with READ series of events to gain insights into the processing, interpretation and use of pulsed neutron data for reservoir surveillance purposes. Date: Thursday
Continue reading16 May 2018 Petrofac has secured a long-term Framework Agreement (FA) with Transmission Capital to provide engineering services across six of its OFTO (Offshore Transmission Owner) assets. Under the Agreement, which is for five years, Petrofac has already been awarded two subsea engineering work scopes on key export cables connecting the Lincs and Robin Rigg offshore windfarms with their onshore
Continue reading2018-05-15 TEHRAN (NIOC) _ The CEO of the Petroleum Engineering and Development Company (PEDEC) says the company is planning to ramp up crude oil production from the joint Azar and South Azadegan oilfields during the current Iranian calendar year which began on March 21. Noureddin Shahnazizadeh said production of crude oil from South Azadegan will reach 170,000 b/d and Azar’s
Continue readingAbu Dhabi, UAE – May 14, 2018: The Abu Dhabi National Oil Company (ADNOC) today announced it has signed a project development agreement with Cepsa of Spain for a new, world-scale Linear Alkylbenzene (LAB) facility in ADNOC’s refining and petrochemicals complex in Ruwais, UAE. The LAB project is one among a number of initiatives to be executed as ADNOC looks
Continue reading14.05.2018 On Monday, May 14, June futures for Brent oil decreased by 42 cents (0.5%) – to $76.70 per barrel by 7:40 GMT. This is evidenced by the auction. Quotes June oil contract WTI decreased by 24 cents (0.3%) and amounted to $70.46 per barrel, “Finmarket” reports. According to the results of trading on May 11, the price of the
Continue readingThe Danish North Sea holds a potential of 3 billion barrels of oil. Our latest GeoStreamer PURE results indicate where some of it may be found. A recent report by Denmark’s oil and gas authority concluded that the Danish part of the North Sea holds a potential of 3 billion barrels of oil. This is almost the same amount as
Continue readingAlexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Elena Burmistrova, Director General of Gazprom Export, and Bostjan Napast, Chairman of the Management Board of Geoplin d.o.o. Ljubljana, took part in Ljubljana today in the ceremony marking the conclusion of a medium-term contract for natural gas supply to Slovenia. The event was attended by Karl Erjavec, Minister of Foreign Affairs of the Republic of Slovenia, and Doku Zavgayev, Ambassador Extraordinary and Plenipotentiary of the
Continue readingHOUSTON, TX (12 April 2018) – TGS further expands its 2018 onshore seismic activity with the announcement of the Gloss Mountain 3D seismic survey. Gloss Mountain is a significant addition to our industry leading geoscience data position in the SCOOP/STACK area of the Anadarko Basin. This project will encompass a minimum of 900 sq. km in Major and Woods counties Oklahoma,
Continue readingHOUSTON, April 12, 2018 ION Geophysical Corporation (NYSE: IO) today announced the launch of its enterprise version of Marlin software to more broadly optimize offshore operations and continue advancing maritime digitization. Marlin supports a step change offshore from traditional manual processes to digital solutions that integrate and share information in real time to enable better, safer decisions. Similar to air
Continue readingThe oil and gas industry of Turkmenistan has accumulated a lot of unresolved issues and it is necessary to immediately begin to address them. It was stated by President of Turkmenistan Gurbanguly Berdimuhamedov at the enlarged meeting of the government on Wednesday, which discussed the results of the socio-economic development of the country in the first quarter of 2018. Addressing
Continue readingRoyal Dutch Shell plc (Shell) today published a report outlining how its strategy should enable it to thrive as the world transitions to lower-carbon energy. The Shell Energy Transition Report describes its understanding of the transition and what it means for the company. It also explains how Shell has designed its strategy not only to be a world-class investment case,
Continue reading
