Tatneft project awarded National Project status January 18, 2016 // 3 Comments Tatneft’s project “Technology Development for hydroconversion of heavy petroleum feedstock to produce high-quality [...]
Lockheed Martin gets Exxonmobil contract January 15, 2016 // 3 Comments ExxonMobil Research and Engineering Company (EMRE) awarded Lockheed Martin a contract to serve as the systems integrator in [...]
Zoetic Global signs 100MW agreement in Ghana January 15, 2016 // 0 Comments Zoetic Global, a US-based project developer, has executed a 20-year power purchase agreement with the Electricity Company of [...]
Magellan Midstream and TransCanada to build Houston pipeline January 14, 2016 // 1 Comment Magellan Midstream Partners, L.P. and TransCanada Corporation announced plans to connect TransCanada’s Houston tank [...]
Statoil acquires minority share in Lundin Petroleum January 14, 2016 // 1 Comment Statoil ASA acquired 37,101,561 shares in Lundin Petroleum AB (publ.), corresponding to 11.93 percent of the shares and [...]
Oil prices fall below US$30 per barrel January 13, 2016 // 3 Comments For the first time in 12 years, crude oil prices fall below US$30 per barrel. New York’s benchmark West Texas Intermediate [...]
Faroe Petroleum starts drilling Norwegian field January 12, 2016 // 4 Comments Faroe Petroleum started exploring the Kvalross well in Norway. Licence PL611, which contains the Kvalross prospect, is [...]
Eni starts production in Angola field January 12, 2016 // 2 Comments Eni has started production from the Mpungi field in the West Hub Development Project, within Block 15/06 of the Angolan Deep [...]
Iran to export refinery engineering services January 11, 2016 // 4 Comments For the first time, the Research Institute of Petroleum Industry will be exporting the engineering and design services of [...]
IndianOil Refineries achieve record crude output January 11, 2016 // 2 Comments IndianOil Refineries achieved the highest crude throughput of 55.2 MMT, and one of the highest ever Distillate levels of [...]