Indian Oil Corporation (IOC) is discussing how it can raise oil imports from Russia by cooperating with Russia's state oil company Rosneft, IOC’s chairman Sanjiv Singh said at ADIPEC this week. IOC is India's largest refiner. IOC has so far imported insignificant volumes of oil from Russia, and is now...
The SPE Russian Petroleum Technology Conference attracted more than 670 delegates to Moscow from leading international and regional operating and service companies, research institutes and universities. International delegates hailed from the Middle East, Africa, Asia and the Americas. Since its launch in 2006, the SPE Russian Petroleum Technology Conference has...
A consortium of Indian companies led by OVL India (ONGC Videsh) is to acquire a 49 per cent stake in Russia's Rosneft Vankor cluster oilfields. Prime Minister Narendra Modi and Russian President Vladimir Putin agreed the deal as part of a wider range of investment agreements signed at...
The government of Uganda through the Ministry of Energy and Mineral Development Uganda plans tenders on new blocks in the country’s second licensing round, according to Petroleum Africa magazine. The round includes five blocks in the Albertine Graben. These blocks are the Avivi, the Omuka, Kasuruban, Turaco, and...
Lukoil has closed on its $800 million purchase of a 25% non-operating interest in the Marine XII License area operated offshore Congo by ENI. African Global energy was the seller. New Age (African Global Energy) Limited (‘New Age’ or ‘the Company’) announces that its subsidiary New Age M12 Holdings Limited...
Baker Hughes, a GE company, announced the newest launch of its Bently Nevada Business business unit. Bently's Orbit 60 Series is its next-generation condition monitoring and protection platform. Advantages of the Orbit 60 series according to a BHGE press release includes the following: • ...
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...
The following analysis of how this weekend's attacks against Saudi Arabia's largest oil facility will affect oilprices is offered by Chris Weafer, Senior Partner, Macro-Advisory Ltd., Moscow Though the Saudi attack spikes oilprices temporarily, it is unlikely to affect prices long term. The attacks against Saudi Arabia’s largest oil facility...
Evac, a global provider of integrated water and waste management systems, has acquired Transvac Systems a UK business specialized in distributing and servicing wastewater treatment systems, sanitary systems and ballast water treatment systems for ships and offshore platforms. The acquisition builds on Evac's expansion strategy which in May 2018 saw...
Well-Centric, a FrontRow Energy Technology Group company, has announced the acquisition of Simmons Edeco Europe from its Canadian owner. The deal will create the UK's largest independent supplier of well integrity services, with operations in Aberdeen and Great Yarmouth in the UK, and in Esbjerg in Denmark. Simmons Edeco Europe is...