Oil and Gas Industry Latest News

23.09.2015 FMC Technologies Awarded Contract for Shell Appomattox

FMC Technologies, Inc. has received an award from Shell Offshore, Inc. (Shell) for its Appomattox deepwater development in the Gulf of Mexico.

08.12.2014 Yokogawa Establishes Yokogawa Analytical Solutions in Malaysia to Expand Process Analyzer Systems Business

Yokogawa Electric Corporation announces the establishment of Yokogawa Analytical Solutions in Malaysia.

11.11.2014 Baker Hughes Announces October 2014 Rig Counts

Baker Hughes Incorporated announced that the international rig count for October 2014 was 1,308, down 15 from the 1,323 counted in September 2014, and down 7 from the 1,315 counted in October 2013.

09.11.2014 Putin, Xi Jinping Sign Huge Gas Deal On Second Gas Supply Route

President Vladimir Putin and Chinese leader Xi Jinping have signed a memorandum of understanding on the so-called “western” gas supplies route to China. The agreement paves the way for a contract that would make China the biggest consumer of Russian gas.

03.10.2014 Gazprom questions legality of Russian gas re-export to Ukraine

Poland, Hungary, and Slovakia have together re-exported 1.7 billion cubic meters of Russian gas to Ukraine, Gazprom, Russia’s biggest gas exporter said Friday, Oct 3 questioning the legality of the practice, RT reported.

03.10.2014 Spain's Canary Islands Call Vote Against Oil-Drilling

Authorities in Spain's Canary Islands on Thursday called a popular vote on a controversial plan to drill for oil and gas off the major tourist destination.

12.09.2014 New EU sanctions on Russia go into effect - target oil

The European Union has agreed to introduce new sanctions against Russia targeting oil and defence firms, but could lift them if a Ukraine ceasefire holds, EU head Herman Van Rompuy said. Under the latest round, the EU said three major Russian oil companies and three top defence companies would be barred from seeking debt financing from Europe.

11.09.2014 US, EU Ready New Sanctions to Stop Oil Exploration in Russia

The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world's largest energy companies including Exxon Mobil Corp and BP Plc, U.S. government sources said.

10.09.2014 Scottish Independence: BP and Shell Bosses Back Sir Ian Wood

BP’s chief executive Bob Dudley has supported Sir Ian Wood’s call for realism in the Scottish Independence debate.  BP’s top boss went as far as saying Scotland was best “maintaining the existing capacity and integrity of the United Kingdom”.

22.08.2014 Germany gives nod to RWE unit sale to Russian investor: sources

Germany's economy ministry will approve the sale of utility RWE's oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis, two people familiar with the matter told Reuters.