IRAQ - Spain's Repsol is out of the race for a contract to work on Iraq's giant Nassiriya oilfield because bids by Italy's Eni and Japan's Nippon Oil better serve Iraq's interests, according to Iraqi sources.
more at Port Engineering News
Repsol out of the race for Nassiriya contract
.
Wednesday, June 24, 2009
0
comments
PetroChina to build the largest oil terminal in South China
CHINA - PetroChina International have signed a strategic alliance agreement confirming the building of the largest oil terminal in South China on Xiaohu Island, Guangdong Province.
more at Port Engineering News
CNPC and BP in talks to develop Iraqi Rumaila oilfield
IRAQ - China National Petroleum Corp, CNPC, has held talks with UK oil major BP about a joint offer to develop Iraq's Rumaila field, ahead of the country's first bidding round in 30 years, a person familiar with the matter said today. The China state-owned CNPC is also working on two more bids in the auction, due to take place June 29-30, including one with Chinese rival CNOOC and Malaysia's Petroliam Nasional, Petronas.
more at Port Engineering News
Inland Texas ports expect business to rebound
UNITED STATES - The recession has seen the volume of international cargo containers moving through US ports drop for 22 straight months, according to The Dallas Morning News.
more at Port Engineering News
More offshore wind power going to the U.K
UNITED KINGDOM - In early April, the British Wind Energy Association (BWEA) was asking the government of the United Kingdom for intervention to help the country's renewable energy prospects, warning that the global economic crisis was putting projects, particularly offshore wind projects, at risk.
more at Port Engineering News
US natural gas reserves surge 35 percent
UNITED STATES - The country's natural gas reserves are much bigger than previously thought, according to a report released Thursday.
more at Port Engineering News
Murphy Oil announces Samurai discovery in the Gulf of Mexico
UNITED STATES - Murphy Oil Corporation announced an oil discovery at the Samurai prospect located in Green Canyon Block 432 in the Gulf of Mexico.
more at Port Engineering News
Government, BHP Billiton finalizing offshore block contracts - Barbados
BARBADOS - According to Business News America Barbados' government and BHP Billiton are finalizing contract details for blocks awarded in January, an official from the Caribbean country's finance, economic affairs and energy ministry told BNamericas.
more at Port Engineering News
Sasol project in China to start building next year
.
Tuesday, June 23, 2009
0
comments
CHINA - A coal-to-oil plant, developed by South Africa's Sasol, the world's biggest coal-to-oil producer and China's Shenhua Group, is expected to launch construction in October 2010, the official Xinhua News Agency said.
more at Port Engineering News
Papua New Guinea to sell LNG to Asian buyers
PAPUA NEW GUINEA - Japan’s Tokyo Electric Power and Osaka Gas Company are among three Asian customers signed by ExxonMobil to buy liquefied natural gas from its $12.5 billion project in Papua New Guinea.
more at Port Engineering News
One step closer to deep-water port in Arkhangelsk
RUSSIA - The administration in Arkhangelsk Oblast is forming a working group to speed up the project on connecting the Northern Sea Route with the Russian national railway transport system.
more at Port Engineering News
StatoilHydro confirms new small oil discovery in Norway
NORWAY - A small oil discovery has been made by StatoilHydro in the Titan prospect directly east of northern Visund in the Tampen area of the Norwegian North Sea.
more at Port Engineering News
Oil prices drop close to $68
Oil prices dropped to near 68 dollars on Monday as traders took profits following recent gains, analysts said. New York's main futures contract, light sweet crude for delivery in July, slid 1.22 dollars to 68.33 dollars a barrel. The contract expires later Monday.
more at Port Engineering News
Iraqi Nassiriyah oilfield begins production
IRAQ - Iraq has started producing from a giant oilfield it discovered in 1975, with the aim of quickly boosting the country’s crude exports. The field, in southern Iraq, is thought to contain 4.3 billion barrels of reserves, but was undeveloped for more than three decades due to war, economic sanctions and lack of funds.
more at Port Engineering News
Israel ussues tender for LNG terminal
ISRAEL - Israel issued a tender on Monday for the construction of an offshore Liquefied Natural Gas (LNG) receiving terminal with a daily processing capacity of no less than 16 million cubic metres....
more at Port Engineering News
Shell discovers massive gas field in Norway
.
Monday, June 22, 2009
0
comments
Royal Dutch Shell PLC said Friday that it made a natural-gas discovery in the Norwegian Sea that Norway's Petroleum Directorate noted could be the country's biggest find since the giant field Ormen Lange was found in 1997.
more at Port Engineering News
Abengoa Solar inaugurates second-generation solar tower
SPAIN - Abengoa Solar’s first high-temperature power tower, Eureka, was unveiled today by Martín Soler Márquez, Director of Innovation, Science and Enterprise for the Andalusian Regional Governmen...
more at Port Engineering News
Canadian Superior sells 45% stake in Trinidad gas project
TRINIDAD AND TOBAGO - Calgary-based producer Canadian Superior Energy has finalised a deal to sell 45% of its stake in a natural gas project offshore Trinidad for $142.5 million to British energy gian...
more at Port Engineering News
BP to produce 80,000 bdp in Colombia
COLOMBIA - BP and its partners in Colombia will produce an average of between 75,000 and 80,000 barrels of crude oil per day this year, the company's Colombia executive, Guillermo Quintero said today....
more at Port Engineering News
EBRD ready to shell out for Nabucco
.
Thursday, June 18, 2009
0
comments
HUNGARY - The European Bank for Reconstruction & Development (EBRD) has provided a €200 million ($277.2 million) loan to Hungary's MOL to help pay for a gas storage facility and is ready to thro...
more at Port Engineering News
Pan American to invest $80 million in offshore Argentina
ARGENTINA - The Argentine oil and gas company Pan American Energy will invest $80 million in the first phase of an offshore exploration program in the San Jorge Gulf in the south of the country, t...
more at Port Engineering News
Congo, Angola to look for hydrocarbons in common border
REPUBLIC OF CONGO – Republic Of Congo and Angola are said to be ready to join forces in exploring for hydrocarbons along their mutual border. According to an ROC official, the government is will...
more at Port Engineering News
Lukoil: Russia should join OPEC and dictate the oil price
RUSSIA - Russia should join OPEC so that the exporters' group can control more than half of world oil output and dictate its price, a top executive of the country's biggest private sector oil comp...
more at Port Engineering News
Slochteren gas field may be productive for 50 more years
NETHERLANDS - The Dutch Slochteren natural gas field, the largest on mainland Europe, may be productive for at least 50 more years because it contains “enormous” resources, according to project...
more at Port Engineering News
Abraxas cut back on production due to low prices
UNITED STATES - Texas junior Abraxas Petroleum is cutting back on production from its Nordheim-2H well because of low natural gas prices. ...
more at Port Engineering News