Russia’s Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday quoted Nord Stream 2 AG as saying. The Russian-led company has two pending route applications with Danish authorities,...
Saudi Arabia’s deputy defence minister, Khalid bin Salman, on Thursday accused Iran of ordering drone attacks on two of its oil pumping stations that were claimed by Yemen’s Huthi rebels. Tuesday’s “attack by the Iranian-backed Huthi militias against the two Aramco pumping stations proves that these militias are merely a...
Weatherford International is headed to bankruptcy court to try to slash its crushing debt load. On Friday, the services company said it planned to file under Chapter 11, and announced that its senior creditors are expected to facilitate financing that will sustain operations during bankruptcy and afterward. The company’s statement on...
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...