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Statoil has signed a Sales and Purchase Agreement (SPA) with Jersey Oil and Gas plc and CIECO Exploration and Production (UK) Limited to acquire 70% ownership and operatorship for the P.2170 licence on the UK...

Posted By : Sanju Moirangthem 5 hours 9 minutes ago
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PTI reported that the University of New South Wales (UNSW Australia), which claims a research breakthrough in increasing gas yields from coal seams manifold, will partner TERI to develop industrial application of the...

Posted By : Sanju Moirangthem 5 hours 11 minutes ago
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The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA), has received a second environment plan submission from BP Developments Australia Pty Ltd (BP) proposing drilling of two...

Posted By : Sanju Moirangthem 5 hours 13 minutes ago
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Valeura Energy Inc. announced that its wholly-owned affiliate, Corporate Resources B.V. ("CRBV") (collectively "Valeura") has executed the definitive transaction documents (the "Definitive Agreements") with Statoil...

Posted By : Sanju Moirangthem 5 hours 15 minutes ago
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Wood Group has been awarded a new contract by petrochemical manufacturer SABIC, in the UK. Engineering design services will be provided to the SABIC Teesside complex in Wilton, UK under the contract, which is effective...

Posted By : Sanju Moirangthem 5 hours 17 minutes ago
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An official of National Iranian Oil Company (NIOC) said that Iran plans to award the development of two of its major oilfields to Chinese companies.

Mr Gholamreza Manouchehri, NIOC deputy director for engineering and...

Posted By : Sanju Moirangthem 5 hours 19 minutes ago
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Two government sources said that Egypt plans to lift fuel subsidies within three years and is aiming to increase fuel prices to 65 per cent of their actual cost during the 2016-17 fiscal year.

Posted By : Sanju Moirangthem 5 hours 21 minutes ago
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Sources familiar with the matter said that the board of Reliance Industries will consider next year dropping the arbitration against the government on the latter's authority to fix gas prices.

Posted By : Sanju Moirangthem 5 hours 23 minutes ago
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PTI reported that state-run GAIL (India) and US-based Bloom Energy inked a pact to deploy natural gas-based fuel cell technology to generate electricity with lower emission levels.

Posted By : Sanju Moirangthem 5 hours 25 minutes ago
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According to preliminary figures prepared by the Central Statistical Bureau (CSB), Kuwait saw its once-lucrative oil and gas sector shrink by 1.7 percent—in real terms—in 2015 for the third year in a row.

Posted By : Sanju Moirangthem 5 hours 29 minutes ago
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