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Oil & Gas Technology News Archive

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17th April 2012

Russian and US energy giants, Rosneft and ExxonMobil have agreed to implement a long-term Strategic Cooperation Agreement to jointly explore for and develop oil and natural gas in Russia and to share...
17th April 2012

Oilfield expert, Aker Solutions has entered a long-term agreement with Statoil to provide a full range of heavy well intervention and light drilling services on the Norwegian continental shelf.The contract...
16th April 2012

Global oil services company, Aker Solutions will build a new umbilical manufacturing plant in Pekan, Malaysia, to meet the anticipated growth and the needs of their Asia Pacific customers.An investment of...
16th April 2012

Total plans to spend over USD 300m in 2012 on exploration in Uganda where small-scale commercial oil production is expected to begin later this year, Reuters reported.Total, China National Offshore Oil...
16th April 2012

The Kenya Petroleum Refineries Ltd (KPRL) will buy new blends of crude to boost profitability once it begins importing its own products for processing, Africa’s Business Daily reported on Sunday.Currently,...
13th April 2012

PSL Ltd has received a pipeline and ancillary coating order from Indian Oil Corporation Limited worth approximately INR 570 crore.The company will supply 28 inch diameter coated steel pipes of API 5L X-70...
13th April 2012

Petrobras has discovered a new good quality oil accumulation at a well to the north of Lula field, in the Santos Basin pre-salt cluster, the Brazilian oil giant announced on 13 April.The new well, known as...
13th April 2012

A Latin American subsidiary of Russia’s third biggest lender will operate two oil fields in northwestern Venezuela in a joint venture with Corporacion Venezolana del Petroleo, or CVP, the government said....
12th April 2012

Independent oil trader, Trafigura Pte Ltd will take over BP as Nagarjuna Oil Corporation Limited’s (NOCL) crude oil supplier, investing up to USD 130m for a 24 per cent equity stake in oil refinery.The...
12th April 2012

Global offshore design company, Keppel Offshore & Marine Ltd has agreed with Brazilian drilling-rig holding Sete Brazil to construct five semisubmersible deepwater drilling rigs designed to make the...

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