Two oil pumping stations serving a major East-West oil pipeline in Saudi Arabia faced an attack by explosive-laden drones on Tuesday, with the damage currently being assessed, the minister of Energy, Industry and Mineral Resources Khalid bin Al-Falih has said. The pipeline transports oil from the oilfields in the Eastern...
As The Guardian reported earlier on Monday, Saudi Arabia said two of its oil tankers have been damaged in mysterious “sabotage attacks” in the Gulf, as the US secretary of state, Mike Pompeo, held emergency talks with his European counterparts about mounting tensions in the region. The United Arab Emirates...
Yantai-based Jereh Group, a private Chinese oil and gas equipment manufacturing company, released the world's first electric-drive fracturing equipment on April 20. The drive will significantly reduce costs and improve the efficiency of shale gas extraction. China has the largest proven reserves of shale gas globally. And among the integrated...
DNV GL is urging offshore oil and gas operators to implement a new solution using floating wind turbines to power water injection for oil recovery. “WIN WIN” (WINd powered Water INjection) was conceived in 2013 by DNV GL and is now ready for prototype development after two joint industry projects...
By Pat Davis Szymczak Ukraine has enacted a new law that trades future-energy tariffs for auctions to set a fair market price for green electricity. A new law just signed requires solar plants that generate over 1 MW to participate next year in energy auctions. The same will apply to...
India buys most of its oil from Saudi Arabia. But it buys Iranian crude as well. So now that waivers of U.S. imposed sanctions on Iranian oil sales are ending, India is in trouble. India is among eight countries that recieved a six-month waiver when the U.S. re-imposed sanctions on...
Rosnedra has confirmed a record oil find in the Yenisey River delta. Russia’s state mineral extraction agency estimates that the Paykha fields may hold as much as 8.4 bbls where the Yenisey flows into the Kara Sea. Russia's business daily Kommersant called the estimate one of the largest...
Petrobras' chief technology and production development executive officer says Brazil's national oil company keeps technology high on its agenda. Rudimar Andreis Lorenzatto spoke at a "topical luncheon" on Day 1 at the 2019 OTC in Houston. Petrobras is the world's largest deepwater producer. Lorenzatto said the company's technological targets include:...
South Africa signed an exploration and production sharing agreement (EPSA) with South Sudan for Block B2. The deal – which is strategic for South Africa as an energy consumer – will see Block B2 operated by the state-owned Strategic Fuel Fund (SFF), the Ministry of Petroleum and Nilepet –the national...
Russian gas producer Novatek said on  that it had signed agreements with two Chinese companies to sell a combined 20 percent stake in its new liquefied natural gas project, Arctic LNG 2. Under the agreement, the Chinese firms -CNOOC and CNODC - will become shareholders in the Arctic LNG project...