DONG Energy and Bayerngas will develop high-pressure, high-temperature Hejre oil and natural gas field in the northern Danish Central Graben offshore Denmark.
Front-month crude oil contract prices challenged the $110/bbl barrier in a late rally Feb. 24 in the New York market after the International Atomic Energy Agency reported accelerated nuclear activity in Iran.
TAIF Group of Kazan, Tatarstan, Russia, has let a contract to KBR for licensing and engineering services to upgrade its Nizhnikamsk refinery with Veba Combi Cracker (VCC) technology (OGJ Online, Jan. 21, 2010).
Oil prices rose to near $100 a barrel Monday in Asia after the Greek parliament approved new austerity measures that should secure a bailout and avoid bankruptcy.
The global market for oil field specialty chemicals reached nearly $16 billion in 2010 with the US and Canada accounting for 52%, which an IHS Chemical market study attributed to increasing oil and natural gas drilling activity in shale plays.
CHEVRON has been ordered by Brazil’s petroleum regulator to shut in one of its 11 production wells at the Frade offshore oil field, where an oil leak had occurred last month.
VARDØ: On duty round the clock monitoring tankers and other risk traffic in the Barents Sea and along the coast of Norway. The amount of oil shipped out from Russia has not increased and no voyages with nuclear waste have taken place this year.
Celebrations were held today at a gas metering station near the town of Greifswald (Germany). The celebrations were dedicated to the commissioning of the first string of the Nord Stream gas pipeline.
Repsol YPF has confirmed its biggest ever oil discovery following the first exploratory efforts in the Vaca Muerta formation in Argentina’s Neuquén province, one of the world’s largest non-conventional reservoirs.
BMI Western Europe Oil and Gas Insights
November 1, 2011
BMI View: BP's Q311 earnings were broadly in line with market expectations, but the announcement of an increase in asset divestments will allow it to fill the oil spill trust fund a year ahead of schedule, which should boost the company's cash flow.
Rosneft announces Q3 2011 results: Rosneft EBITDA reaches USD 5.3 billion in Q3 2011, oil production increases by 2.9% and reaches 2.4 million barrels per day, strategic steps taken.
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Dusan Bajatovic, Chief Executive Officer of Srbijagas.
Nevertheless, it is expected that the participation of BP, as operator of the projects, and improvement programs in the Azeri offshore fields , will add about 1 million barrels per day to production over the next few years.
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