Kuwait’s Crude Oil Exports to Japan Down 24.9 pct

Friday, February 26th, 2010

The Japanese government said Friday that Kuwait's crude oil exports to Japan fell 24.9 % in January from a year earlier to 7.74 million barrels, or 250,000 barrels per day ...


All Viable Energy Sources Needed to Meet Future Energy Demand

Thursday, January 21st, 2010

Global energy demand is expected to be 35 percent higher in 2030 than it was in 2005 Bio-fuel produced from algae could be a meaningful part of the solution Growing algae consume ...


Oil News from around the web, Nigeria’s fortunes;Azerbaijan and Turkey;Stanlow facility;Australian oil and gas block

Tuesday, August 18th, 2009

The price of oil fell to its lowest in more than two weeks because of decreased demand and growing stockpiles in the US to ensure sufficient supplies during the North ...


Oil News from around the web, Crude oil for August 2009 delivery fell 50 cents to $59.39 a barrel ;London Brent fell 40 cents to $60.12; Nigeria militants claim attack on Lagos oil depot

Monday, July 13th, 2009

TNK-BP closed the necessary transactions to take near-complete control over the shares in the Lisichansk refinery, a top producing refinery in Ukraine. The refinery, located near the eastern border in Ukraine, ...


Schlumberger Announces Fourth-Quarter and Full-Year 2008 Results

Friday, January 23rd, 2009

HOUSTON--(BUSINESS WIRE)--Jan. 23, 2009--Schlumberger Limited (NYSE:SLB) today reported 2008 revenue of $27.16 billion versus $23.28 billion in 2007. Income from continuing operations, excluding charges and credits, reached $5.49 billion, representing diluted ...


Oil and Gas leaders pull together to reduce the cost of Energy

Tuesday, December 16th, 2008

The current economic downturn is hurting everyone, the cost of energy is doubling as recession looms.  Questions have been asked? Was the Oil and Gas industry to blame? Accused of limiting ...


AMEC wins five-year offshore programme management consultancy contract, Abu Dhabi

Tuesday, September 2nd, 2008

London, United Kingdom (2 September 2008) - AMEC plc, the international engineering and project management company, has been awarded a five-year programme management consultancy (PMC) contract by Zakum Development Company ...


Technip Awarded Contract for Extension of the Fujairah Water Transmission System in the United Arab Emirates

Wednesday, June 11th, 2008

Regulatory News: Technip (Paris:TEC) (ISIN:FR0000131708), as leader of a consortium with Dodsal Engineering & Construction of Dubai, has been awarded by Abu Dhabi Transmission & Despatch Company (TRANSCO) a lumpsum ...


Halliburton Awarded Contract to Develop Manifa Offshore Project

Monday, April 21st, 2008

HOUSTON & DUBAI, United Arab Emirates--(BUSINESS WIRE)--Halliburton (NYSE:HAL) has been selected to provide a variety of oilfield services in support of the offshore portion of Saudi Aramco’s Manifa mega-project. The ...


Aabar’s 2007 revenues climb 166% on higher production and oil prices

Friday, February 1st, 2008

Abu Dhabi, 30 January 2008 - Aabar Energy PJSC (“Aabar”) releases preliminary results stating that net revenues for the 12 months to 31 December 2007 totaled AED 1.6 billion, an ...