Core Bakken assets remain economical despite low oil prices, says GlobalData Analyst
May 22, 2015
While the 12 counties with Bakken production between North Dakota and Montana have lost the majority of their horizontal rigs over the last eight months,

Ferguson Group expands tanks range in Norway
May 22, 2015
Ferguson Group has increased its Norwegian product range to include a large fleet of chemical tanks, including cryogenic tanks for liquid nitrogen storage

Dutch maritime technology sector sees turnover rise
May 22, 2015
The Dutch maritime technology sector has had a good year. Turnover increased by 17%, from € 6.4 billion in 2013 to € 7.5 billion in 2014. The sector employed

Total flange protection: Challenge accepted!
May 22, 2015
In June 2014, the Plant Maintenance Manager of a chemical plant in South Louisiana, USA contacted Belzona requiring an alternative flange corrosion

Expro to discuss the reduction of reservoir uncertainty at SPE Aberdeen event
May 22, 2015
The Society of Petroleum Engineers (SPE) Aberdeen Section is looking forward to welcoming Expro to its next technical meeting, where the well

New Zealand Energy relinquishes East Coast permit
May 22, 2015
New Zealand Energy Corp. has relinquished PEP52976 (East Cape) in the East Coast Basin of New Zealand’s North Island.

Mart Resources provides April 2015 production update
May 22, 2015
Mart Resources, Inc.and its co-venturers, Midwestern Oil and Gas Company Limited ("Midwestern", Operator of the Umusadege field) and SunTrust Oil Company

Key Petroleum to begin testing Dunnart-2 in Perth Basin
May 22, 2015
Key Petroleum Ltd. says that its wholly owned subsidiary and Operator of permit EP437 Key Petroleum (Australia) Pty Ltd. has announced that

Petrobras signs a US$5 billion funding agreement with China Development Bank
May 22, 2015
On May 19, Petrobras signed a cooperation agreement with the China Development Bank (CDB) for the years 2015 and 2016.

NuEnergy signs conditional SPA with Dart Energy
May 22, 2015
NuEnergy Gas Ltd. has signed the conditional Share Purchase Agreement (SPA) with Dart Energy International Ltd. (Dart) on May 20 to acquire

Solar3D wins $3 million solar PV contract
May 22, 2015
Solar3D, Inc. says that its SUNworks subsidiary was awarded a $3 million, 1-megawatt solar project with the Sun City Lincoln Hills Community Association.

Venoco updates impact on operations from Plains All American Pipeline incident
May 22, 2015
Venoco, Inc. stated that production activities have been temporarily halted on Platform Holly at the South Ellwood field in the Santa Barbara Channel

Net imports of natural gas fall to lowest level since 1987; says EIA
May 22, 2015
U.S. net imports of natural gas decreased 9% in 2014, continuing an eight-year decline. As U.S. dry natural gas production has reached record highs,

BG Group assumes operational control of QCLNG and meets pre-conditions for pipeline sale
May 22, 2015
BG Group says that operational control of Train 1 at its Queensland Curtis LNG plant has been formally transferred to QGC, BG Group's Australian subsidiary

Jee Ltd secures contract on ground-breaking enhanced oil recovery project
May 22, 2015
Aberdeen based Jee Ltd has been awarded a contract from Amec Foster Wheeler for the front end engineering design (FEED) of a jacket rigid polymer

NAVTOR AS and Nautic AB join forces to launch new business offering complete navigation solution
May 22, 2015
E-navigation Company NAVTOR has joined forces with Nautic AB to launch NAVTOR NAUTIC AB. This jointly owned operation, based in Gothenburg,

Gazprom adds over 800 billion cubic meters of gas in 2014
May 22, 2015
On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted Press Conference “Mineral and Raw Material

Petroleum Exploration Society of Great Britain goes into Africa
May 22, 2015
Like all exploration and production (E&P) companies around the world, those based and working within Africa are adapting to lower oil prices and

MEO Australia farm out 30% of WA-488-P
May 22, 2015
MEO Australia Limited is pleased to advise the execution of final documentation to farmout of a 30% participating interest in the WA-488-P exploration permit

Transocean to pay $211m to settle claims from Deepwater Horizon oil spill
May 22, 2015
The Plaintiffs' Steering Committee (PSC) spearheading the litigation emanating from the 2010 Deepwater Horizon Oil Spill today announced that it has reached a preliminary agreement with Transocean for $211,750,000 to settle claims against the company arising from the spill. The settlement, which will be overseen by Judge Carl A. Barbier of the Eastern District of Louisiana, includes two classes of eligible claimants similar to the settlement negotiated between the PSC and Halliburton last year.

COSL successfully completed a Deep-water In-situ cone penetration testing on the sea floor
May 21, 2015
China Oilfield Services Ltd. reported that HYSY709, the firm's geotechnical vessel, has recently completed a full course of in-situ cone

Marksmen plans to complete proposed private placement
May 21, 2015
Marksmen Energy Inc. plans to complete a non-brokered private placement of up to 4,333,333 units (the "Units") of Marksmen at a price of $0.15 per Unit

Caspian Energy closes its acquisition of the remainder of Aral Petroleum
May 21, 2015
Caspian Energy Inc. has completed its previously announced acquisition of all of the remaining interests in Aral Petroleum Capital LLP (Aral), the operating

Low crude oil prices, increased gasoline demand lead to high refiner margins
May 21, 2015
Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. Crack spreads, which reflect