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News // Oil and gas worldwide

Argentina reaches deal to tap into massive Vaca Muerta oil and gas

Argentina has clinched a deal with labour unions and energy companies aimed at luring investors to the Vaca Muerta formation in Patagonia, one of the largest shale reserves in the world.

11 January 2017 , 14:17Neftegaz.RU7460

Wood Group secures multi-million dollar Saudi Aramco contract

Wood Group has secured a 5-year multi-million dollar framework agreement with Saudi Aramco to continue providing engineering and project management services to its onshore capital programmes in the Kingdom of Saudi Arabia.

11 January 2017 , 10:11Neftegaz.RU6790

Petrofac wins $600 mln Oman deal

Petrofac has been awarded a $600 mдт (€569 mдт) contract for an extraction project in southern Oman.

09 January 2017 , 13:00Neftegaz.RU7810

Venezuelan oil minister Del Pino has been removed from his post by President Maduro

Venezuelan President Nicolas Maduro replaced Eulogio del Pino as head of the Oil Ministry in the latest attempt to get the long-suffering country back on its feet.

06 January 2017 , 10:05Neftegaz.RU7350

Belarus reduces oil export duties

Belarus reduced export duties on oil and oil products exported outside the customs territory of the Eurasian Economic Union (EEU) on 1 January 2017.

04 January 2017 , 10:12Neftegaz.RU8850

Venezuela vows to slash production, create 10 years of market stability

Venezuela, the OPEC member, whose economy has all but collapsed under the cartel's pre-cutback production frenzy that decimated crude prices, says it will reduce output by 95,000 barrels per day (bpd) in the New Year.

29 December 2016 , 18:09Neftegaz.RU9010

Iran's gas destined to Europe via Georgia and Black Sea

Head of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholam-Hossein Shafeie says Iran's gas can be exported to Europe via Georgia and the Black Sea in the near future.

26 December 2016 , 15:00Neftegaz.RU9660

Egypt to liberalise downstream gas

Egypt is taking the first steps to liberalise and deregulate its gas market through gradual privatisation in the hope of making the country a regional energy hub.

23 December 2016 , 10:11Neftegaz.RU6550

Petronas signed MoU for studying 2 Iranian oilfields

Petronas signed a memorandum of understanding with NIOC to collaborate in a field study in South Azadegan and Cheshmeh Khosh oilfields.

22 December 2016 , 15:00Neftegaz.RU11130

Chinese Wison wins Kazakhstan´s LNG project EPC contract

Chinese Wison Engineering Services has been awarded an engineering, procurement and construction contract to build an LNG project in Kazakhstan.

21 December 2016 , 14:18Neftegaz.RU10830

Gas extraction from Phase 21 of iranian South Pars field begins

The operator of the project for development of phases 20 and 21 of South Pars gas field Ali-Reza Ebadi says the project to extract gas from phase 21 of South Pars with 28 million cubic meters/day has started.

15 December 2016 , 18:26Neftegaz.RU6630

Petrofac wins $75 mln Iraq deal

Petrofac has secured a contract worth $75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).

14 December 2016 , 14:16Neftegaz.RU7650

Tethys resumes Kazakh gas sales

Tethys Petroleum resumed gas sales to Kazakh transportation company Intergas Central Asia (ICA), the Cayman Islands company said December 12.

14 December 2016 , 12:05Neftegaz.RU5670

Sinopec sells 50% stake in gas pipeline for $3.3 bln

Chinese Sinopec said that China Life Insurance and a unit of State Development & Investment Corp. will pick up 50% stake in the Sichuan to East China gas pipeline for $3.3 bln.

13 December 2016 , 14:21Neftegaz.RU6230

Engie retooled its contract with Norwegian, but reminds of similar move with Russia

French energy company Engie said it renegotiated its long-term supply contract with one of the leading natural gas suppliers to the European market.

02 December 2016 , 18:00Daniel J. GraeberNeftegaz.RU7700

Leviathan partnership inks $2 bln sale contract

Leviathan Partnership has signed another gas sales contract, taking it nearer a final investment decision on the Leviathan gas field.

01 December 2016 , 14:21Neftegaz.RU7090

Delek secures $1.75 bln financing for Leviathan gas field offshore Israel

Israel-based Delek Group and Avner Oil Exploration will receive up to $1.75 bln in financing to fund its share in the development of the Leviathan natural gas field in Mediterranean Sea, Israel.

29 November 2016 , 15:39Neftegaz.RU7240

Iran's NISOC and Schlumberger sign MOU on 3 oilfields studies

Iranian NISOC and Schlumberger signed a memorandum of understanding (MOU) to carry out preliminary studies over 3 oilfields in southwestern Khuzestan province in Iran.

29 November 2016 , 13:01Neftegaz.RU6450

Oil minister Dharmendra Pradhan: Affordable energy fuels India's growth

The world is eyeing India as it is the new engine of global growth, oil minister Dharmendra Pradhan said, while laying out future roadmap for the country’s oil industry in a globalised environment.

25 November 2016 , 15:01Neftegaz.RU6390

Azerbaijan cuts gas losses

Azerbaijan's state statistical committee reports that in Jan-Sep 2016 the amount of gas lost in onshore pipes was 3.3% (525mn m³), down from 4.4% (735mn m³) in 3-Qs of 2015.

24 November 2016 , 12:07Ilham ShabanNeftegaz.RU5780

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