Swiss trading house Mercuria has moved to become a significant player in the marine fuel market by hiring a team of close to 40 former employees from the once-largest supplier, traders and sources close to the matter said on Tuesday.The bankruptcy of Denmark's OW Bunker…
Oil workers in Gabon began an open-ended, industry-wide strike on Monday night after talks with the government collapsed, union ONEP said, and long queues formed at gas stations on Tuesday on fear of shortages.The trade union had been in…
Ensco plc announced that Carey Lowe has been promoted to Executive Vice President. Lowe will be responsible for overseeing investor relations, public relations, employee communications and branding, led by Vice President Sean O’Neill, as well as strategy…
Rolls-Royce confirmed today that it has completed the deal to sell its Energy gas turbine and compressor business to Siemens for a £785 million cash consideration. The deal was originally announced on 6 May this year.Rolls-Royce has also…
In November 2014 Angarsk Petrochemical Company produced about 100 thousand tons of winter diesel fuel of environmental class V of the Technical regulations (Euro-5).This is almost twice the amount produced in previous November, when 50…
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 8 million for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. 'This sale…
Professor Mark Randolph, Fellow of the Royal Society (UK), has been appointed to the recently announced ‘Fugro Chair in Geotechnics’ at the University of Western Australia’s Centre for Offshore Foundation Systems (COFS). The announcement was made at a ceremony held at the university…
As previously communicated, Viking Supply Ships has entered into an agreement with a major oil company for the charter of three vessels. The contract applies to the drilling seasons 2014 and 2015, with options for the drilling seasons 2016 and 2017…
Liquefied Natural Gas Limited informs that its wholly owned subsidiary, Magnolia LNG LLC (MLNG) has agreed to an EPC contract with SK E&C USA (EPC Contract) in relation to the Company’s Magnolia LNG Project. The Contract covers the initial 4 mtpa LNG installation…
Statoil has been recommended as Johan Sverdrup operator. Their agreement will be included in the Unit Operating Agreement (UOA), which is planned to be submitted to the authorities in February 2015 together with the Plan for Development and Operation (PDO)…
Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.Ali al-Naimi won the argument at Thursday's meeting…
Sweden's Vattenfall will drop plans to build new nuclear reactors because a new government, which includes the Green Party, doesn't support them, the company said on Friday.The previous centre-right government overturned a policy of phasing out nuclear power…
Electrabel temporarily closed a nuclear reactor on Sunday after an electrical fire, Belgium's electricity transmission system operator said, leaving only three of the Belgian firm's seven nuclear plants in action.Electrabel, part of France's GDF Suez…
Total and Rosneft signed a Term Sheet that envisages the main terms and conditions of the purchase of 16.67% share in a refinery located in Schwedt, Germany (PCK Raffinerie GmbH). The document was signed in Sochi by the Head of Rosneft Igor…
Petrobras is now the world’s 12th largest oil and gas company, according to the 2014 edition of the Petroleum Intelligence Weekly (PIW) ranking, published by the Energy Intelligence Group. This annual ranking lists the 50 largest companies in the sector…