Oil & gas news
China demand concerns see Brent slip
Data showing a growing Chinese trade surplus has seen Brent crude prices slip from their six month high.
World’s largest floating bulk terminal completed
Vale uses Logmarin to develop the world’s largest floating bulk terminal
Indian upstream players face subsidy pain
The government-imposed subsidy on upstream companies in India hits profits.
Petrobras makes huge crude oil find in offshore subsalt
Brazilian state player Petrobras has discovered a new crude oil reservoir in the Santos Basin.
Bakken production outstrips pipeline capacity
As production outstripped pipeline capacity in the Bakken shale, oil producers hit the wall and prices toppled.
Brent crude rises towards six month high
Brent crude prices have continued to rise towards their highest value in the last six months.
Technip signs contract worth US$ 2.1 billion
French company Technip has signed a contract with Petrobras purportedly worth US$ 2.1 billion
Subsea UK Award winners announced
Subsea UK hands out awards at its sixth annual awards ceremony.
ADIL inks 6 figure contract with Iona Energy
Energy consultancy firm ADIL has announced a £500 000 contract with Iona Energy.
Noble Energy makes another discovery in Levant Basin
Noble Energy, Inc. has announced a natural gas discovery at the Tanin prospect offshore Israel. The discovery well was drilled to a depth of 18,212 ft and encountered approximately 130 ft of gross natural gas pay in high-quality lower Miocene sands.