Energy

Statoil to Raise Oil Production at Brazil Peregrino Field

Norwegian state-owned oil company Statoil expects to restore oil production at its Peregrino offshore field in Brazil to around 95,000 barrels per day in the coming months,

Gazprom in Talks to Buy Stakes in Brazilian Offshore Oil Blocks

OAO Gazprom, the world's largest natural gas producer, is in talks with rivals to buy stakes in oil exploration areas in Brazil, a senior executive said on Tuesday.

Bureau Veritas Diversifies with MatthewsDaniel Acquisition

Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry.

Fogal Retires from Zentech After 57 Years in O&G

Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development.

Scientists Use E.coli Bacteria to Create Fossil Fuel Alternative

British and Finnish scientists have found a way of generating renewable propane using a bacterium widely found in the human intestine and say the finding is a step

Rowan Viking Rig Upgrade Completed

Damen Shiprepair Vlissingen, part of Damen Shiprepair & Conversion, has completed the upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

Algeria in Talks to Export Crude to Venezuela

Algeria is in talks to export crude oil to fellow OPEC member Venezuela, Algerian Energy Minister Youcef Yousfi said on Tuesday, confirming a Reuters report. Last week,

Ecopetrol to Sell Stake in Colombian Energy Generator

Colombia's Cabinet has authorized state-run oil company Ecotpetrol to sell its 1.1 trillion peso ($573 million) stake in energy generator Empresa Energia de Bogota (EEB),

Emergency Repairs Allow Vessels to Keep Sailing

Hydrex offers fast on-site repairs in emergency situations. Our offices have fully operational fast response centers. This allows us to immediately mobilize teams

Delayed Ghana Gas Project to Start Production End-2014

Ghana's delayed project to supply gas from its offshore Jubilee oil field will start production by the end of the year, President John Mahama told reporters on Tuesday during a visit to the site.

Statoil, DNV GL Drive Subsea Factory Interface Standardization

Statoil has entered into an agreement with DNV GL to establish an industrial cooperation to introduce an international industry standard for subsea process technology.

Dakota Plains to Build Third Oil Storage Tank at Rail Terminal

Dakota Plains Holdings Inc said on Tuesday it would build a third, 90,000-barrel storage tank for Bakken crude oil at its Pioneer Rail Terminal in North Dakota.

Kenyan Consortium to Build 1,000-MW Coal Plant

A consortium led by two Kenyan firms won a government tender to build a 1,000-MW, coal-fired power plant, company officials said on Tuesday, part of moves to satisfy

Halliburton to Settle US Gulf Spill Claims for $1.1b

Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.

Supply Weighs on Czech, Slovak Spot; Demand Supports Hungary Prices

Forecasts for rising renewable generation sent Czech and Slovak spot power prices lower on Tuesday while Hungarian prices rose on an expected increase in consumption, traders said.

EU Helping Ukraine with Slovak Gasline

Slovak link could meet 20 pct of Ukraine's gas demand. Long-term EU-Ukraine flows could meet 50 pct of Ukraine's demand. Germany plays key role in supplying Ukraine.

Supply Pressure Cuts EU Spot Prices

High pressure front to boost sunshine, solar production. Demand flat; Curve trades sideways. High solar power levels combined with good thermal and hydroelectric

A stronger Canadian Dollar in the Pipeline?

Over time, the Canadian dollar might prove to be a winner from the conflict in Ukraine, which has highlighted the European Union's reliance on energy supplies from Russia.

Joe Barton: Lift Oil Export Ban

A senior U.S. Congressman from Texas has come out in full support of the United States lifting the 40-year old ban on crude oil exports, putting him at odds with

Russia's August Oil Production Rises

Russian oil output rose 1 percent in August to 10.52 million barrels per day (bpd), supported by an increase in condensate production at Gazprom and projects with foreign companies,

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