National Iranian Oil Co. (NIOC) will begin supplying its domestic market in 2021 with the country’s first-ever international petroleum contract (IPC) with Total SA and state-owned China National Petroleum Co. (CNPC) for Phase 11 of the giant South Pars gas field (SP11). Source: News
Achieving digital maturity
When it comes to achieving digital transformations across the world’s various industries, it is decision-makers working in aviation and construction and contracting who consider their respective businesses to be advancing toward “digital maturity,” while those working in oil and natural gas think their industry trails behind. Source: News
Delek US, Alon USA complete merger
Delek US Holdings Inc., Brentwood, Tenn., has completed its purchase of Alon Israel Oil Co. Ltd.’s US-based refining and marketing subsidiary Alon USA Energy Inc., Dallas, which owns and operates a 74,000-b/sd refinery in Krotz Springs, La.; an idled 70,000-b/sd, three-refinery complex in California; and through its majority interest in Alon USA Partners LP, a […]
Statoil brings Gina Krog field on stream in Norwegian North Sea
Gina Krog field on the Utsira High in the Norwegian North Sea started production June 30, said operator Statoil ASA and the Norwegian Petroleum Directorate. The field lies 30 km northwest of Sleipner field. Source: News
Deal advances Nigerian field developments
Anyala and Madu oil fields offshore Nigeria have moved toward development with an agreement for financial and technical assistance from Schlumberger Ltd. A joint venture of Nigerian National Petroleum Corp. and First Exploration & Petroleum Development Co. Ltd. signed an agreement with Schlumberger envisioning combined production of 50,000 b/d of oil and 120 MMscfd of […]
03 Jul 2017 11:56:13 EDT – The latest stock information is now available for your stocks
XOM Last 82.36 Change +1.63 % Change 2.02% Volume 4,502,236 As of: 3 Jul 2017 11:56:13 EDT View: Stock Quote | News CVX Last 106.64 Change +2.31 […]
Origin-led group completes Yolla field enhancement project
Origin Energy Ltd., Sydney, and its partners in the BassGas joint venture reported the completion of its Mid Life Enhancement project at Yolla gas-condensate field in license T/L1 in the Bass basin offshore northern Tasmania in the Bass Strait. Source: News
03 Jul 2017 10:56:13 EDT – The latest stock information is now available for your stocks
XOM Last 82.155 Change +1.425 % Change 1.77% Volume 2,888,582 As of: 3 Jul 2017 10:56:14 EDT View: Stock Quote | News CVX Last 106.67 Change +2.34 […]
MARKET WATCH: NYMEX, Brent both end June on gaining streaks
The US and Brent crude oil futures benchmarks both ended June on a seven-session gaining streak. Light, sweet crude oil for August jumped more than $1 to settle above $46/bbl on June 30 while Brent gained 50¢ to close at nearly $48/bbl on the London market. Source: News
Oil production starts from Kurdistan’s Atrush block
Abu Dhabi National Energy Co. PJSC (TAQA) Atrush BV subsidiary brought oil production on stream at its Atrush block in Iraq’s Kurdistan region on July 3 through the Atrush central processing unit, which has the capacity to handle as much as 30,000 b/d. Source: News