Russian gas transiting Ukraine to the EU has hit record high levels, almost 300 million cubic meters a day, Serhiy Makogon, director of Ukraine’s Gas Transit System, writes on Facebook. Ukraine Business News reports that Makogon speculates in his Facebook post that Gazprom may be accelerating pre-holiday sales in...
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....
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 US shale production decline is likely to continue, despite a bounce back in demand since April, the height of the COVID-19 pandemic. The U.S. rig count is at its lowest since 2005; only 176 oil rigs are currently active nation-wide. Drilling permits in July dropped to their lowest level...
Gas plagues Permian shale and the result is less drilling and lower profits for explorers at a time when investors are demanding better returns. Natural gas has long been a nuisance in the Permian, where a massive glut weighs on prices, with crude producers sometimes having to pay to get...
Saudi Aramco and ACWA Power signed a memorandum of understanding (MOU) with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country. As part of the deal, the Saudi companies will invest around $3 billion, the Bangladesh government said at the recent signing ceremony. The Bangladesh...
Militants threatening Mozambique LNG occupied the port of Mocimboa da Praia in the early morning hours on August 12, according to a report on the Moz24Horas website. The reported says terrorists occupied this vital port in gas-rich northern Mozambique following days of attacks claimed by an ISIS-affiliated group, according...
Weatherford INT digital collaboration expands as Weatherford International it is strengthening its ties with upstream data visualization provider INT to provide next-level, real-time well visualization in both 2D and 3D, the company has announced. Weatherford will embed INT’s IVAAP framework into the Weatherford Centro digital well delivery software, advancing...
Industry solutions at TOGC 2020 will be on display at an alongside exhibition. The closed-door Transportation Oil and Gas Congress 2020 (TOGC 2020) will be held on 16–17 November 2020 in Milan, Italy. Midstream industry experts will gather at TOGC 2020 to keep updated with the cutting-edge solutions in the...