Tag Archive

BUMI ARMADA SIGNS USD134 MILLION CONTRACT WITH LUKOIL

BUMI ARMADA SIGNS USD134 MILLION CONTRACT WITH LUKOIL

August 15, 2017 No Comments

Bumi Armada Berhad’s wholly owned subsidiary Bumi Armada Caspian LLC (“BAC”) has signed a supplementary agreement with LUKOIL-Nizhnevolzhskneft LLC (“LUKOIL”) (“Supplementary Agreement”) for additional Engineering, Procurement, Construction and Installation (“EPCI”) scope. The additional scope will involve Bumi Armada’s Subsea Construction assets to lay subsea pipelines and undertake post trenching and back-filling works on sections of […]

OPEC daily basket price

OPEC daily basket price

August 9, 2017 No Comments

The price of OPEC basket of fourteen crudes stood at $50.49 a barrel on Tuesday 8 August 2017, compared with $50.04 the previous day, according to OPEC Secretariat calculations. The Joint OPEC-Non-OPEC Technical Committee (JTC) held an extraordinary session in Abu Dhabi, the UAE, with some of the producing countries participating in the Declaration of […]

Oil Business News To 31st July 2017

Oil Business News To 31st July 2017

August 1, 2017 No Comments

The price of OPEC basket of fourteen crudes stood at $49.97 a barrel on Monday 31st July, compared with $49.46 the previous Friday, according to OPEC Secretariat calculations The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Iran Heavy (Islamic Republic […]

JKX Oil & Gas Announce Half-year Report

JKX Oil & Gas Announce Half-year Report

August 1, 2017 No Comments

In the first half of the year, average production decreased by 17.3% to 8,598 boepd with a focus away from enhancements projects and resources committed instead to the appraisal program in Ukraine, the results of which are discussed in the Chief Executive’s Statement. The Company has focused on tight control over cash, enabling the funding […]

Oil Market is steadily progressing towards rebalancing

Oil Market is steadily progressing towards rebalancing

July 25, 2017 No Comments

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) met in St. Petersburg for its fourth meeting on 24 July 2017 to review the June 2017 report as well as the first six months of the Declaration of Cooperation, as submitted by the Joint OPEC-Non-OPEC Technical Committee (JTC). This meeting was graciously hosted by the Russian Federation, […]

Schlumberger Announces Second-Quarter 2017 Results

Schlumberger Announces Second-Quarter 2017 Results

July 24, 2017 No Comments

Q2 2017 Earnings highlights Revenue of $7.5 billion increased 8% sequentially Pretax operating income of $950 million increased 25% sequentially GAAP loss per share, including charges of $0.40 per share, was $0.05 EPS, excluding charges, was $0.35 Quarterly cash dividend of $0.50 per share was approved Schlumberger Chairman and CEO Paal Kibsgaard commented, “Our second-quarter […]

Exxon sues U.S. on Russian Sanctions

Exxon sues U.S. on Russian Sanctions

July 21, 2017 No Comments

ExxonMobil said today it has launched a legal challenge to a finding by the Treasury Department’s Office of Foreign Assets Control (OFAC) that it violated U.S. sanctions against Russia in 2014 when the company followed authoritative and specific guidance from the Obama administration that OFAC retroactively changed a year later. “OFAC seeks to retroactively enforce […]

Deeper OPEC Cuts ??

Deeper OPEC Cuts ??

July 6, 2017 No Comments

Don’t Hold Your Breath For Deeper OPEC Cuts The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought. A month ago, oil prices appeared to be higher than they should have been, with weak demand, elevated inventories, […]

Nord Stream 2 project

Nord Stream 2 project

July 6, 2017 No Comments

Alexey Miller, Chairman of the Gazprom Management Committee, and Kurt Bock, Chairman of the Board of Executive Directors of BASF, met in Moscow to discuss the ongoing cooperation between the companies, paying particular attention to the Nord Stream 2 project. The project was implemented for the benefit of European consumers. As Russian gas imports to […]

Rosneft discovers hydrocarbon deposits on Eastern Arctic shelf

Rosneft discovers hydrocarbon deposits on Eastern Arctic shelf

June 19, 2017 No Comments

Rosneft is performing the drilling of the northernmost exploratory well on the Eastern Arctic shelf following a comprehensive geological study. During the drilling of the Tsentralno-Olginskaya-1 well from the shore of the Khara-Tumus Peninsula on the shelf of the Khatanga Bay of the Laptev Sea, three core samples were taken from depths of 2305 to […]

Page 1 of 2612345»1020...Last »