Tag Archive

Oil States announces sale of tubular services business

September 9, 2013 No Comments

Oil States International has sold Sooner, Inc. and its subsidiaries to Marubeni-Itochu Tubulars America for $600 million in aggregate cash consideration. Sooner comprised the entirety of the company’s Tubular Services segment, and provides OCTG distribution and related services. The transaction is subject to customary post-closing adjustments, including final working capital determination. Oil States expects to […]

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South Sudan profile

September 6, 2013 No Comments

South Sudan gained independence from Sudan in July 2011. Most of the oil is now produced in South Sudan, but the country is landlocked and remains dependent on Sudan because it must use Sudan’s export pipelines and processing facilities. In early 2012, South Sudan voluntarily shut in all of its oil production because of a […]

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Malaysia, world’s second largest exporter of liquefied natural gas

September 4, 2013 No Comments

Malaysia is a significant oil and natural gas producer in Asia and is strategically located amid important routes for seaborne energy trade. The country’s oil reserves are the fifth highest in the Asia-Pacific region after China and India. Also, Malaysia was the world’s second largest exporter of liquefied natural gas after Qatar in 2012. Declining […]

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Petrobras announces Oil and natural gas production for July

September 3, 2013 No Comments

Petrobras announces that, in July, oil output (oil plus natural gas liquids – NGL) from all the company’s fields in Brazil was 1,888 thousand barrels per day (bpd), 4.6% lower than the previous month (1,979 thousand barrels). Including the share operated by Petrobras for its partners, oil production in Brazil was 1,946 thousand bpd, indicating […]

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Spotlight on Egypt

August 1, 2013 No Comments

Egypt is the largest oil producer in Africa that is not a member of the Organization of the Petroleum Exporting Countries (OPEC), and the second largest natural gas producer on the continent, following Algeria. The country plays a vital role in international energy markets through the operation of the Suez Canal and Suez-Mediterranean (SUMED) Pipeline. […]

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Indonesia plans to reduce the number of permits

July 4, 2013 No Comments

Indonesia to simplify licensing process in oil, gas sector The Indonesian government plans to reduce the number of permits that investors must obtain to conduct activity in upstream of oil and gas sector, in a bid to lure more investment, an official said here on Wednesday. Deputy Minister for Energy and Mineral Resources Susilo Siswoutomo […]

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Petrobras announces oil and natural gas production in May

July 3, 2013 No Comments

Pre-salt fields achieved new daily record Petrobras announces that achieved on last May 18, a new pre-salt production record with 322,100 barrels of oil per day (bpd). This volume surpassed the previous record by 11 thousand bpd, when production had reached 311,500 bpd on April 17. Besides the good numbers of the pre-salt, the other […]

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Global Gas Industry Expands its Horizons

May 24, 2013 No Comments

Conference in Istanbul to track latest advancements in the gas industry ExxonMobil, world’s largest publicly traded international oil and gas company and Turkey’s state owned Turkiye Petrolleri AO (TPAO) are in talks to explore shale gas reserves in Turkey. The US Government had provided an analysis which estimated about 15 trillion cubic feet of recoverable […]

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Fathom Solutions, Iraq North Oil Company and OGDCL Pakistan to lead workshop at Pipeline Summit

May 24, 2013 No Comments

Pipelines transporting crude and refined petroleum, oil, natural gas and biofuels are the most valuable assets. The integrity of the pipes weakens through constant corrosion, ageing, third party damage or even lack of inspection. Oil, Gas and Petrochemicals are the most sought after energy resources globally. Pipelines transporting crude and refined petroleum, oil, natural gas […]

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‘Nigeria’s dependence on oil is a disaster’

May 22, 2013 No Comments

Minister of Agriculture Akinwunmi Adesina, has said Nigeria’s dependence on oil is a disaster to the country’s economic growth. He said due to the development, successive administrations in the country abandoned non-oil products such as cocoa, cassava, palm oil, among others that made Nigeria great in the First Republic. Adesina said this during the 6th […]

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