Oil and Gas Industry Latest News

17.07.2013 Fitch Maintains Russia's Rosneft and TNK-BP on Rating Watch Negative (RWN)

Fitch Ratings has maintained OJSC OC Rosneft's (Rosneft) and TNK-BP International Ltd's (TNK-BP) Long-term foreign and local currency Issuer Default Ratings (IDRs) of 'BBB' on Rating Watch Negative (RWN).

09.07.2013 Shell Names Refining Chief Van Beurden to Succeed CEO Voser

Royal Dutch Shell Plc (RDSA) unexpectedly named refining boss Ben van Beurden to succeed Chief Executive Officer Peter Voser as Europe’s largest oil company looks to manage rising capital spending, Bloomberg reports.

04.07.2013 Angle Energy Inc. Announces Review of Strategic Alternatives

Angle Energy Inc. (TSX:NGL) will consider strategic alternatives to enhance shareholder value, and provided an update on its second quarter operations, the company reported in a news release.

03.07.2013 Red Mountain Energy and Premium Engineering Celebrate End of MIOGE 2013

MIOGE, the Moscow International Oil and Gas Exhibition attracted over 1,000 oil and gas companies and about 30 000 visitors, including specialists and participants. 

26.06.2013 Lufkin Presents MIOGE 2013 Tech Talks

Lufkin presented its technical talks today at the MIOGE 2013 oil and gas show in Moscow. Lufkin specialists showed guests of the seminar their proven solutions for oil and gas field operations employing the company's innovations.

23.06.2013 Visit Oil&Gas Eurasia at MIOGE 2013!

MIOGE 2013 and RPGC (Russian Petroleum & Gas Conference) kicks off in Moscow on Tuesday. Oil&Gas Eurasia will be there along with nearly 1,000 other exhibitors from 39 countries supported by its “Red Army” distribution team.

13.06.2013 Urals Energy Announces Loan From Petraco Oil Company Limited

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, has entered into a short-term loan agreement with Petraco under which Petraco will advance the sum of up to $7 million to the company.

13.06.2013 Red Mountain Energy, Premium Engineering to Take Part in MIOGE 2013

Red Mountain Energy, together with Premium Engineering, will take part in the 12th Moscow International Oil & Gas Exhibition (MIOGE 2013) to be held on June 25-28 at the Expocenter, Moscow.

13.06.2013 AGR Inks $3m Deal For Enhanced Drilling Services off Sakhalin

A leading operator has signed a $3m deal to use Riserless Mud Recovery services (RMR®) from AGR Enhanced Drilling, AGR reported in a news release.

These services will be used off Sakhalin, Russia, over this year’s summer drilling season.