Iran oil production reached 4Mbpd, still able to increase
The Islamic Republic of Iran, via its Petroleum Ministry, said that Iran is able to maintain its 14% quota in the OPEC organization, adding that the oil …
End-User Industries
Amec Foster Wheeler awarded a contract for Ichthys LNG project
Inpex has awarded Amec Foster Wheeler a consultancy contract for the Ichthys LNG project, the largest discovery of hydrocarbon liquids in Australia in the last …
Aker BP acquired a 43MMboe–sized offshore license stake in North Sea
Aker BP has agreed to acquire stakes in a number of offshore licenses from Tullow Norge. The transaction comprises working interests in eight licenses, …
Rosneft reportedly in talks to acquire Bashneft for $5bln
Russian oil giant Rosneft could be offered the controlling stake in the medium-sized oil producer Bashneft for some 325 billion rubles ($5 billion), writes …
Egypt is shifting its LNG consumes towards automotive fuels
Eni and the Egyptian Authorities have agreed on a common strategy to implement a series of renewable energy projects in order to promote the development of a …
Lukoil and NIOC ready for a joint venture in post-sanctions Iran
Russia’s Lukoil and National Iranian Oil Company (NIOC) have begun new round of talks to finalize agreement over development of two oil fields, according to …
Aker Solutions, Det norske and Subsea 7 made an alliance in Norway
The alliance combines Det norske’s exploration and production know-how with Aker Solutions’ expertise in front end engineering, brownfield …
Ineos shipped another US shale gas ship to Europe
After the first shale LNG delivery last spring, Ineos has today confirmed that the Ineos Insight, has arrived at the plant at Grangemouth in Scotland carrying …
Gazprom found a new LNG/oil gas field in Russia
Gazprom has announced that, during a geological exploration of the Kirinsky prospect in the Sea of Okhotsk, a prospecting and appraisal well was drilled in the …
A $300mln-worth hydropower project has been presented in Indonesia
Local power producer Soma Power Indonesia will soon begin developing a hydroelectric power plant alongside Bongka River in Tojo Una-Una, Central Sulawesi, with …