Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in.Oil whipped lower early in the day and tested new lows after U…
A new combined cycle gas turbine unit (PGU-420) with a capacity of 420 MW was commissioned today at CHPP-16 of Mosenergo in Moscow.Taking part in the event were Alexey Miller, Chairman of the Gazprom Management Committee, Sergey Sobyanin…
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) and Reliance entered into a strategic association for transportation of Liquefied Ethane from United States to India. This will make MOL to be the first shipping company who is dedicated…
Ithaca Energy Inc. announced the appointment of Mr Roy Buchan as Chief Operations Officer, starting 5 January 2015.Mr Buchan has over 30 years of operational experience in the oil and gas industry. He has held various technical and senior…
Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%…
The Board of Directors of Petrobras approved at a meeting held today, the creation of a special committee to act as interlocutor ('Reporting line') of independent internal investigations conducted by the Trench, Rossi e Watanabe and Gibson…
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, reports that, as detailed in the announcement of 4 July 2014, the farm-out signed between its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd…
Yamal is seen as the future of the Russian gas industryDevelopment of an unparalleled gas production center is well underway in Yamal, in harsh Arctic latitudes. The annual design capacity at Bovanenkovo has already amounted to 90 billion cubic meters of gas…
The Board of Directors of Ezion Holdings Limited (the “Company”) wishes to announce that the Company had acquired 92,000 ordinary shares of S$1.00 each representing 92% equity interest in Teras Conquest 7 Pte. Ltd. a company incorporated in Singapore (the “Subsidiary”)…
Woodside, as operator of the North West Shelf (NWS) Project, informed that the NWS Project participants today signed a non-binding Letter of Intent with Hess Exploration Australia Pty Ltd to process resources from Hess’ permits in the Carnarvon Basin…
The Sparrows Group has made two key appointments to its senior management team as it looks to enhance its market share in the U.K. and grow its operations throughout the rest of Europe during 2015, the company said.The group has promoted Mark Beveridge to the role of European Operations Director…
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea…
ARENA’s Research and Development (R&D) program supports R&D projects that will advance the commercial deployment of renewable energy technology in Australia.ARENA is providing $21.5 million funding for 12 cutting edge projects through the first round of the R&D program…
GasLog Ltd. has entered into an agreement with Methane Services Ltd. an affiliate of BG Group, to acquire two modern tri-fuel diesel electric LNG carriers for a cost of $460 million. The two vessels, Methane Becki Anne and Methane Julia Louise…
Military planes loyal to Libya's recognised government attacked on Sunday an opposing force that is seeking to seize the country's two biggest oil ports, officials said. The advancing force, which is allied to a rival government based in Tripoli…