Tag Archive

International Crude Oil Fraudsters

International Crude Oil Fraudsters

August 23, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) has raised the red flag on the activities of con men who specialize in circulating phantom letters of crude oil allocation with the intent of defrauding unsuspecting would-be buyers or members of the public. Speaking at the presentation of commendation letters to 12 staff of the Crude Oil Marketing […]

Saipem awarded E&C contract in Kuwait worth US$850m

Saipem awarded E&C contract in Kuwait worth US$850m

August 17, 2017 No Comments

Saipem has been awarded a new contract in the onshore E&C sector worth approximately 850 million USD. Activities involve engineering, procurement, construction and commissioning for the “Feed Pipelines for New Refinery Project (NRP)” in relation to the development of the new Al Zour refinery located in the south of Kuwait. The contract has been awarded […]

Nigeria’s Oil Production Cost Down 70.5%

Nigeria’s Oil Production Cost Down 70.5%

August 17, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction. The Group General Manager of National Petroleum Investment Management Services (NAPIMS), a unit of NNPC, Engr. Dafe Sejebor, who disclosed this during […]

30 years’ oil production at Mittelplate

30 years’ oil production at Mittelplate

August 16, 2017 No Comments

30 years’ safe and environmentally compatible crude oil production from Mittelplate, Germany’s largest oil field: to celebrate this event, the Land Station of DEA Deutsche Erdoel AG in Friedrichskoog plans to open its doors to the public on Saturday, 26 August 2017. From 10:00h to 18:00h, visitors can embark on a voyage of discovery into the […]

South Pars Gas Field Output exceeds 2.5 million barrels

South Pars Gas Field Output exceeds 2.5 million barrels

August 15, 2017 No Comments

Iran’s production of crude oil from the oil layer of the super giant South Pars Gas Field (SPOL) has exceeded 2.5 million barrels. The country is planning to send the layer’s 5th oil consignment in the coming days, said Fardin Asadi, operator of SPOL’s development project. He said a 500,000-barrel crude oil consignment is being […]

DNO Reports Payment from the Kurdistan Regional Government

DNO Reports Payment from the Kurdistan Regional Government

August 15, 2017 No Comments

DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 39.59 million from the Kurdistan Regional Government as payment towards May 2017 crude oil deliveries to the export market from the Tawke license. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 33.21 million towards monthly deliveries […]

Gulf Keystone receives payment for Shaikan crude

Gulf Keystone receives payment for Shaikan crude

August 15, 2017 No Comments

Gulf Keystone confirms that it has been notified by the Kurdistan Regional Government that a gross payment of $15.0 million ($12.0 million net to GKP) has been authorised for Shaikan crude oil export sales for April 2017. Gulf Keystone will make a further announcement confirming receipt of payment.   On August 8th, cumulative production from […]

Rosneft Announce Financial results for 2Q 2017 and 1H 2017

Rosneft Announce Financial results for 2Q 2017 and 1H 2017

August 4, 2017 No Comments

In 2Q 2017 revenues amounted to RUB 1,399 bln (USD 25.3 bln), remaining almost unchanged Q/Q. The negative effect from weaker oil pricing was offset by higher crude oil sales volumes (+15.7% Q/Q). In H1 2017 revenues was at RUB 2,809 bln, rising by 23.2% Y/Y. Revenues in USD terms (50.1 bln) increased by almost […]

Noble Energy Announces Second Quarter 2017 Results

Noble Energy Announces Second Quarter 2017 Results

August 4, 2017 No Comments

Noble Energy, Inc. (NYSE:NBL) (“Noble Energy” or “the Company”) announced results for the second quarter of 2017, including a net loss attributable to Noble Energy of $1.5 billion, or $3.20 per diluted share, driven by the impact of the Marcellus upstream asset exit. The Company reported adjusted income(1) and adjusted income per share(1) attributable to […]

Canadian Natural Announces 2017 Second Quarter Results

Canadian Natural Announces 2017 Second Quarter Results

August 4, 2017 No Comments

Commenting on second quarter 2017 results, Steve Laut, President of Canadian Natural (TSX:CNQ)(NYSE:CNQ) stated, “Our balanced and diverse portfolio delivered strong results in the second quarter of 2017. Funds flow from operations was significant at $1.7 billion, a strong result given the downward pressure on crude oil prices throughout the quarter. The Horizon Phase 2B […]

Page 1 of 4212345»102030...Last »