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23.04.2015 Saudi Arabia to Trim Oil Supply to Asia

Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded, six industry sources familiar with the matter said.

16.04.2015 Upstream Merger and Acquisition Activity Remains in Slump with $2 Billion Drop in March 2015, says GlobalData

Merger and Acquisition (M&A) values in the upstream oil and gas sector decreased significantly to $829.8 million in March 2015, compared with $2.9 billion in the previous month, according to research and consulting firm GlobalData.

14.04.2015 API Survey: Drillers Focused on Well Efficiencies Before Oil Crash

Almost $150 billion was invested in drilling around 45,000 oil and natural gas wells in 2013, as drillers increased efficiencies before the oil price crash in June 2014, according to research by the American Petroleum Institute.

10.04.2015 Offshore Operations Safer Than Ever, API Says

Advances in technology, standards and practices in the last five years have made America’s offshore oil and natural gas industry safer than ever, API President and CEO Jack Gerard told reporters on a conference call Thursday, writes World Oil.

10.04.2015 China Collects Over $3.32b in Mineral Resources Compensation Fee

China collected 20.37 billion yuan ($3.32 billion) in compensation fees for mineral resources in 2014, the second highest following the record of 21.25 billion set in 2013, the Ministry of Land and Resources said on Thursday.

06.04.2015 March 2015

02.04.2015 U.S. Oil Imports From OPEC Have Plunged to a 28-Year Low

U.S. imports of oil and petroleum products from OPEC have fallen to a 28-year low, according to data from the Energy Information Administration. The U.S. is pumping more of its own oil, and relying less on OPEC imports than any time since April 1987.

01.04.2015 API Releases Updated Standard to Improve Refinery Safety

The American Petroleum Institute (API) issued an updated pressure relieving design and installation standard to enhance refinery safety as part of its core commitments to improving workplace safety and protecting the environment.

01.04.2015 Belarus Raises Oil Export Duties

Belarus has raised export duties on oil and oil products exported outside the customs territory of the Eurasian Economic Union. The relevant decision is contained in Council of Ministers executive order No. 236 of 27 March 2015, BelTA has learned.

31.03.2015 Oil Workers Make Mammoth Find

Remains of extinct giant unearthed in excavation in Khanty-Mansi, writes The Siberian Times.