PDVSA and Rosneft boost oil and gas investmentFebruary 24, 2016 // 1 CommentPetróleos de Venezuela, SA (PDVSA) and Russian state oil company Rosneft signed an agreement to invest an additional US$500 [...]
Pemex appoints new Director GeneralFebruary 24, 2016 // 4 CommentsJosé Antonio González Anaya takes office as the new Director General of the Mexican state-owned Petróleos Mexicanos [...]
Lukoil granted rights oil block in Baltic seaFebruary 23, 2016 // 1 CommentLukoil-Kaliningradmorneft, a wholly-owned subsidiary of PJSC Lukoil, was granted the right to use a subsoil block of federal [...]
Oil market to recover by 2017, says IEAFebruary 23, 2016 // 2 CommentsThe International Energy Agency (IEA) says that the oil prices will rise once the supply and demand balance by 2017. In [...]
Mobil pipeline to improve jet fuel supply for Melbourne AirportFebruary 22, 2016 // 4 CommentsMobil Oil Australia Pty Ltd (Mobil) will construct a 2.7 km pipeline that will connect the company’s Yarraville Terminal [...]
Statoil cancels contract with sub-leased rigFebruary 19, 2016 // 3 CommentsStatoil has decided to cancel the contract with Maersk Gallant. The Maersk rig has been on contract with Statoil for two [...]
Sinopec to close four oilfieldsFebruary 18, 2016 // 5 CommentsThe China Petroleum & Chemical Corp, or Sinopec, announced that it will close four least profitable oilfields in Shengli [...]
Petroceltic sells Egyptian assets to EdisonFebruary 18, 2016 // 2 CommentsOil and gas company Petroceltic International announces the completion of the sale of certain exploration licences in Egypt [...]
Woodside expands African presenceFebruary 18, 2016 // 2 CommentsWoodside Energy entered into an agreement with Impact Oil & Gas AGC Ltd to acquire a 65% participating interest in the [...]
Statoil strengthens its position in UruguayFebruary 17, 2016 // 3 CommentsStatoil signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the [...]