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Faroe Announce Results of Kvalross exploration well

February 24, 2016 No Comments

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces that drilling has reached target depth on the Wintershall operated Kvalross exploration well in the Barents Sea (Faroe 40%). The Kvalross exploration well 7224/2-1 was spudded on 11 January 2016 and reached a […]

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Technip technology selected for gas cracking ethylene plant in China

February 24, 2016 No Comments

Technip announced that it has entered into a contract to supply its proprietary ethylene technology, Process Design Package, technical services and proprietary equipment to SP Olefins (Taixing) Co. Ltd, a subsidiary of SP Chemicals(1), for a 650 KTA grassroots gas cracker. Located in Taixing, Jiangsu Province, China, the plant will use low cost ethane and […]

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Lukoil Granted Right To Use Subsoil Block Of Federal Significance In Baltic Sea

February 20, 2016 No Comments

In accordance with Directive of the Russian Federation Government No. 246-r. of 18 February 2016, OOO LUKOIL-Kaliningradmorneft (a wholly-owned subsidiary of PJSC LUKOIL) was granted the right to use a subsoil block of federal significance which includes the D33 oil field in the Baltic Sea for the purpose of hydrocarbon exploration and production. The D33 […]

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Versalis (Eni), and Genomatica produce bio-rubber with bio-butadiene from sugars

February 16, 2016 No Comments

Versalis (Eni), a European producer in the polymers and elastomers industry, and Genomatica, a leader in bioengineering solutions, announced today that they have successfully advanced to pilot-scale production of bio-butadiene (bio-BDE) from fully renewable feedstock. Versalis used this bio-BDE to make bio-rubber, specifically, bio-polybutadiene (bio-BR). These accomplishments represent a remarkable milestone for the rubber industry, […]

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Russia Cries Dyadya (Uncle), Is Saudi Arabia Listening?

February 4, 2016 No Comments

In recent days, signs of a possible breakthrough in the year-long stand-off between Russia and Saudi Arabia on crude production strategy have emerged. Saudi Arabia, OPEC’s dominant member, has long insisted OPEC (read Saudi Arabia) would not reduce output to balance supply and demand absent corresponding cuts from non-OPEC members (read Russia), while Russia has […]

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Rosneft and GE Develop Joint Manufacturing in Russia

February 2, 2016 No Comments

Rosneft and General Electric signed a long-term cooperation program. The deal involves construction plan of joint ventures for production of marine, oil and gas, and electrical equipment to ensure timely construction and commissioning of production facilities. Rosneft and GE will continue their cooperation in developing ship-building projects of the Zvezda Shipbuilding Complex in Vladivostok. Cooperation […]

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India to buy more crude oil from Nigeria

January 25, 2016 No Comments

India is set to import more crude oil from Nigeria according to the Indian Oil Minister, Dharmendra Pradhan. “Nigeria has now agreed to increase the term contract from 1.7 million tonnes per annum to three million tonnes in 2016,” Mr. Pradhan reportedly stated on the sidelines of the fourth India-Africa Hydrocarbon Summit in New Delhi. […]

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Eni research Announce Eni Diesel +

January 16, 2016 No Comments

The efforts of Eni’s research activities have led to Eni Diesel +, the new fuel with a 15% renewable component, produced from plant oils in Eni’s Venice refinery using the Ecofining™ technology. Eni is the first company in the world to transform an oil refining plant (the Eni plant in Venice) into a biorefinery. Using […]

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New Age announces a new gas/condensate discovery offshore Congo in the Marine XII Block

November 25, 2015 No Comments

Eni made a new discovery of gas and condensates offshore Congo, in the exploration prospect of Nkala Marine, located in Marine XII block, about 20 kilometers from the coast and 3 kilometers from the Nene Marine field, already in production. The finding, realized through the Nkala Marine 1 well, is expected to have a potential […]

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Ophir announce Results of G4/50-11 Exploration Well

November 20, 2015 No Comments

Ophir announces that it has completed operations on the G4/50-11 wildcat exploration in the South Western Graben of the Gulf of Thailand. The well was the second in Ophir’s 2015 exploration drilling programme in the G4/50 licence and targeted the Parichat Southwest prospect. The G4/50-11 well reached a total depth of 2,830 metres (True Vertical […]

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