India diversifies oil imports these days with more US and Russian supplies on offer to compensate for less geopolitically risky Middle East crude. Hydrocarbon Processing reported that imports of Middle Eastern oil fell to a four-year low in 2019. The Houston-based trade publication obtained tanker data from sources showing that...
SIMMONS EDECO wins Mexican drilling contracts that further expand its Latin American business. The Calgary-based supplier of onshore drilling and workover services completed an onshore drilling campaign for a major oilfield services company in Mexico in October. That USD multi-million dollar contract required SIMMONS EDECO to drill 13 wells....
China strengthens Ukrainian rail ties following the signing of an agreement between China’s CRCC railroad construction giant, and Ukrzaliznytsia. Goals are to modernize Ukraine’s rail system and to promote Ukraine as a rail transit country for China’s trade with the EU. Ukrzaliznytsia is currently evaluating Chinese electric locomotives for...
The Hellenic (Greek) Hydrocarbon Resources Management (HHRM) department reports that seismic studies of Crete's offshore predict major reserves located to the south. ”The team of HHRM completed the processing of seismic data to accurately map the geometric structures in the marine areas of central Ionian and south of Crete,” the...
Gazprom Neft has completed ecological monitoring populations of grey whales at the Ayashsky license block, offshore Sakhalin Island, with expedition members registering more than 550 animals in the course of a five-month survey. According to a press release, the ecological monitoring of grey whales in the Sea of Okhotsk forms...
Belzona ice prevention corrosion technology suits Arctic conditions and prevents ice buildup and providing thermal insulation and corrosion protection. Called Belzona 5871, the product is an innovative, two-component, polymeric, solvent-free system applied under insulation. It is a multi-functional material that provides thermal insulation and corrosion protection, whilst improving safety, efficiency,...
Power China signed a memorandum of cooperation with regional officials to partner with Rivne International Airport into a major cargo hub in Ukraine. The Chinese construction company is heavily involved in Beijing’s Belt and Road Initiative. Rivne has the largest airport in northwest Ukraine. The Rivne Ukraine cargo hub...
The policy of China on foreign oil and gas operators is about to change. China will allow private and foreign firms to explore its domestic oil and gas resources under an interim trade deal to be signed next week with the United States Companies with net assets of at...
Gazprom Neft continues to champion the digital transformation of the oil and gas industry by agreeing a joint venture with ICS Holding to develop digital products for not only the Russian energy market but globally as well. The development strategy for the new joint venture is aimed at addressing...
Syria invites Russian oil companies to explore in the Eastern Mediterranean Sea. Syria’s parliament has approved contracts for oil exploration with two Russian companies in an effort to boost production hit by more than eight years of war and Western sanctions. Meanwhile, Lebanon is preparing for its first-ever maritime oil...