Offshore Accommodation Specialist Ferguson Modular Wins £4.5 Contract

Monday, January 18th, 2010

International offshore accommodation specialist Ferguson Modular Ltd, part of the Ferguson Group, has secured one of its most significant contracts to supply a £4.5m accommodation block to a project in ...


Eni signs a cooperation agreement with state oil company of Kazakhstan KazMunayGas

Friday, November 6th, 2009

The agreement follows a preliminary Memorandum of Understanding signed in July 2009. Eni CEO, Paolo Scaroni, and KazMunayGas President, Kairgeldy Kabyldin, signed today, in the presence of the President of the ...


Total signs Heads of Agreement with KazMunaiGas to develop the Khvalynskoye field

Tuesday, October 6th, 2009

 Total announces the signature of a Heads of Agreement (HOA) establishing the principles of a partnership with KazMunaiGas (KMG) for the development of the Khvalynskoye field, located offshore in the ...


US crude for November delivery was up $0.18 at $66.05 a barrel by 3am EDT, London Brent crude gained $0.29 to $65.44

Friday, September 25th, 2009

Pan-African bank Ecobank will arrange a syndicated $300 million facility to refinance the debts of Ghana's Tema Oil Refinery (TOR), an Ecobank official said on Monday. The facility will cover ...


Oil News from around the web, World oil demand is expected to grow by 900,000 barrels to 84.6million barrels per day (mbd) in 2010; China is now the world’s second largest oil importer

Thursday, September 10th, 2009

US light sweet crude rose $0.85 to $72.16 in Asian trading -------------------- World oil demand is expected to grow by 900,000 barrels to 84.6million barrels per day (mbd) in 2010, and return ...


Oil News from around the web, Crude oil for October delivery was at $71.16 a barrel; Taqa announce two new oil finds ;CNPC is in talks to buy 75% of Spanish oil giant Repsol

Wednesday, September 9th, 2009

Crude oil for October delivery was at $71.16 a barrel, up $0.06 in electronic trading on the New York Mercantile Exchange at 2.55pm in Singapore. Yesterday, the contract rose $3.08, ...


BJ Services Reports Third Fiscal Quarter Net Loss of $0.11 Per Diluted Share

Tuesday, July 21st, 2009

BJ Services Company (NYSE: BJS; CBOE; PCX) today reported a net loss of $32.3 million, or $(0.11) per diluted share, for the third quarter of fiscal 2009, which ended June ...


Oil News from around the web, Crude oil for August 2009 delivery was $70.77 a barrel, up $0.54. London Brent crude $70.20 a barrel, up $0.42

Friday, June 26th, 2009

Oil prices rose towards $70 a barrel yesterday following an attack on Shell’s Billie-Krakama pipeline in Rivers State by the Movement for the Emancipation of the Niger Delta (MEND). ...


KazMunayGas, ConocoPhillips and Mubadala Announce Signing of Project Agreements for Exploration and Development of N Block, Offshore Kazakhstan

Monday, June 15th, 2009

ConocoPhillips [NYSE: COP], JSC National Company KazMunayGas (KMG) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed project agreements allowing the joint exploration and development of the ...


Oil News from around the web, 67.69 dollars a barrel ; Nigeria’s current potential crude oil production at three million barrels per day

Monday, June 1st, 2009

)))New York's main futures contract, light sweet crude for July delivery, struck 68.29 dollars. Brent North Sea crude for delivery in July bounced as high as 67.69 dollars a barrel )))) ...


Oil News from around the web, US crude fell $0.69 to $57.93 a barrel ; construction of a natural gas pipeline with Russian gas giant Gazprom; refinery in Pakistan

Tuesday, May 19th, 2009

)))))))))Light sweet crude for delivery in June hit 60.48 dollars a barrel in New York, Brent North Sea crude for July delivery touched a six-month high of 59.65 dollars a ...


Oil News from around the web, US crude rose 65 cents to $59.15 a barrel ; Nigeria petrol shortages

Tuesday, May 12th, 2009

)))))))))US crude rose 65 cents to $59.15 a barrel. It earlier touched a new six-month high of $59.49 a barrel. London Brent crude rose $0.37 to $57.85. )))))))))))PetroChina views current low oil ...


Steve Cassiani to Retire as President of ExxonMobil Upstream Research Company

Thursday, April 23rd, 2009

IRVING, Texas--(BUSINESS WIRE)--Mr. S. M. (Steve) Cassiani, president, ExxonMobil Upstream Research Company, has elected to retire on May 31, 2009, after more than 40 years of service. It is anticipated that ...


Oil News from around the web, Oil steadied at less than $46 a barrel on Tuesday, CNOOC has no plan to buy oil companies abroad

Tuesday, April 21st, 2009

))))) Price of crude oil fell more than six per cent, to around $47 a barrel yesterday, due to a rising value of the United States dollar and “growing caution ...


Gazprom’s delegation visits Republic of Kazakhstan

Monday, April 13th, 2009

A Gazprom delegation, led by the Company’s Management Committee Chairman Alexey Miller, paid a working visit today to the Republic of Kazakhstan. As part of the visit Alexey Miller met ...


Oil News, w/e 25/02, NNPC Seeks $1.7bn Loan, China’s deep-water gas discovery ,Kuwaiti oil firm invests in Indonesia

Wednesday, February 25th, 2009

- NNPC Seeks $1.7bn Loan Nigeria’s quest for increased gas output to power electricity got a boost yesterday with the signing of a $1.69 billion loan agreement between the Nigerian National ...


AMEC appointed as Technical Consultant for all KMG projects

Wednesday, December 17th, 2008

London, United Kingdom (17 December 2008) – AMEC, the international engineering and project management company, has been selected by JSC National Company KazMunayGas (KMG), the National Oil Company of Kazakhstan, ...


Gazprom is opening representative offices in Kazakhstan and Latvia

Friday, November 7th, 2008

Pursuant to the Gazprom Board of Directors’ decision the order has been signed to open the Company’s representative offices in the Republic of Kazakhstan and the Republic of Latvia. The representative ...


Aker Solutions Letter of Intent - AGIP KCO Provision of Front End Engineering and Design Services (FEED)

Tuesday, October 21st, 2008

 Phase II for the Kashagan Full Field Development - Kazakhstan Aker Solutions in Joint Venture with WorleyParsons and CB&I has received a Letter of Intent for the Kashagan Full Field Development ...


Central Asia Gas Pipeline’s Kazakh section construction works started

Thursday, July 10th, 2008

On July 9, construction of the Kazakh section of the Central Asia-China Gas Pipeline was launched at a ceremony in Almaty, Kazakhstan. Zhang Guobao, Vice Chairman of National Development and Reform ...


AES To Sell Interests In Kazakhstan Power Plant And Coal Mine

Tuesday, February 5th, 2008

Will Maintain Ownership and Operation of Generation and Distribution Assets in Eastern Kazakhstan ARLINGTON, Va.--(BUSINESS WIRE)--The AES Corporation (NYSE:AES) today announced an agreement to sell its interests in the AES Ekibastuz ...