Eni strengthens its presence in the Cyprus Offshore

Eni announces that has finalized a farm-in agreement with Total to acquire 50% Participating Interes...

Algeria Sonatrach to invest $50 billion, boost crude output

Algeria’s state-run energy producer plans to boost crude oil output by 14% in the four years to 2019...

Natixis, IBM and Trafigura introduce first-ever Blockchain solution for U.S. crude oil market

Natixis, IBM and Trafigura have pioneered the first blockchain solution in commodity trade finance f...

Ecopetrol announces oil discovery at Santander

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (“Ecopetrol” or the “Company”) reports that the Boranda-1 ...

Saudi Aramco, ADNOC, and Masdar Sign MoUs on Collaboration in Oil & Gas Technology

Saudi Arabian Oil Company (Saudi Aramco) today signed two separate Memorandums of Understanding with...

Digital Transformation of the oil and gas sector

The oil and gas industry has always been seen as conservative and resistant to change but due to the...

  • Eni strengthens its presence in the Cyprus Offshore

  • Algeria Sonatrach to invest $50 billion, boost crude output

  • Natixis, IBM and Trafigura introduce first-ever Blockchain solution for U.S. crude oil market

  • Ecopetrol announces oil discovery at Santander

  • Saudi Aramco, ADNOC, and Masdar Sign MoUs on Collaboration in Oil & Gas Technology

  • Digital Transformation of the oil and gas sector

Offshore

DNV GL acquires specialist in CFD for fire and explosion analysis, ComputIT

DNV GL, a global leader in oil and gas risk management software, has acquired ComputIT, a specialist independent company for Computational Fluid Dynamics (CFD) software and R&D.   World-leading

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Idemitsu Kosan And Kuwait Petroleum To Launch Fuel Retail Business In Hanoi Through Idemitsu Q8 Joint Venture

Idemitsu Kosan Co., Ltd. and Kuwait Petroleum International Ltd. plan to begin operating a service station business in Vietnam’s capital city, Hanoi, through Idemitsu Q8 Petroleum LLC, a 50-50 joint

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Richmond provides largescale rollers for Nigerian pipeline project

Richmond was contacted in late 2016 by a German specialty engineering company to provide the largescale rollers for the project, which was to launch a pipeline from onshore to an offshore docking plat

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Pipelines & Transport

Carrizo Oil & Gas Announces the Sale of Its Marcellus Shale Assets

Carrizo Oil & Gas, Inc. announced that on October 5, 2017, the Company entered into an agreement to sell its assets in the Marcellus Shale to a subsidiary of Kalnin Ventures LLC for $84 million in

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ExxonMobil Says Baytown Restart Activities Continue, Pipelines Beginning to Transport Fuels

ExxonMobil said today that facility assessments and restart activities continue at its Baytown refinery, and that it has made significant progress in restarting chemical production, pipelines and othe

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CNPC and CASIC sign agreement to deepen strategic cooperation

On February 28, CNPC and China Aerospace Science & Industry Corp (CASIC) signed an agreement to deepen strategic cooperation for mutual benefits and win-win results.                    

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Onshore

BP starts production from giant Khazzan gas field in Oman ahead of schedule and under budget

BP, together with the Ministry of Oil & Gas of the Sultanate of Oman, announced that production has begun from the giant Khazzan gas field, which is operated by BP in partnership with Oman Oil Com

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BP Target Neutral expands carbon offset portfolio

BP advances its commitment in support of a lower carbon future: the project portfolio has the total capacity to reduce up to 2.5 million tonnes of CO2 equivalent per year and improve the livelihoods o

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US Polyethylene Export Market Report 2017-2020

Petrochemical Update released a detailed new whitepaper today, the US Polyethylene Export Market Report 2017-2020 – a large 60+ page report detailing the fast-changing US polyethylene market with in

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Downstream

US Polyethylene Export Market Report 2017-2020

Petrochemical Update released a detailed new whitepaper today, the US Polyethylene Export Market Report 2017-2020 – a large 60+ page report detailing the fast-changing US polyethylene market with in

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Saudi Aramco, Petronas Sign Share Purchase Agreement For Equity Participation In Rapid Downstream Project

The Saudi Arabian Oil Company and Petroliam Nasional Berhad signed a Share Purchase Agreement,allowing Saudi Aramco’s equity participation in PETRONAS’ Refinery & Petrochemical Integrated Deve

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ExxonMobil Singapore Refinery to Expand Group II Base Stock Production

ExxonMobil announced today the expansion of its Singapore refinery to support the production of the company’s EHC™ Group II base stocks, which will strengthen the global supply of these products a

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