- Oil & Gas
Saudi Aramco to invest USD 7 billion in oil hub
According to Malaysian Prime Minister Najib Razak (photo), oil major Saudi Aramco will invest USD 7 billion in a mammoth…
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New world’s top crude oil producer
Russia overtook Saudi Arabia as the world’s largest crude producer in December 2016, when both countries started restricting supplies ahead…
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Lukoil and Inpex find oil in Iraq
Lukoil and Inpex have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern…
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Construction contract signed for second string of TurkStream’s offshore section
South Stream Transport B.V. and Allseas Group signed on February 20 in Amsterdam a contract to build the second string…
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Flowserve to supply pumping equipment for massive refinery in China
Flowserve Corporation, a leading provider of flow control products and services for global infrastructure markets, announced recently an order close…
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Gazprom and CNPC to extend strategic cooperation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Zhang Gaoli, Vice Premier of the State…
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Southern Gas Corridor to be finalized by 2020
Azerbaijan aims to finalize Southern Gas Corridor by 2020, Azerbaijani President Ilham Aliyev stated recently. Speaking at “On the Road…
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MOL expansion of the exploration portfolio
MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in…
Read More » - Power
Eni’s energy predictions for 2017
According to ENI, energy generation, electricity costs and the switch to renewables are at the top of most country’s political…
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CNOOC to extend exploration program in 2017
According to its new business strategy and development plan, released on January 19th, China National Offshore Oil Corporation (CNOOC) will…
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DNV GL survey: energy efficiency as a proven investment strategy
DNV GL recently released findings from a comprehensive survey of nearly 500 commercial facility managers across the United States to…
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NOV has completed acquisition of Fjords Processing
National Oilwell Varco, Inc. (NOV) has completed its previously announced acquisition of Fjords Processing, a global leader in the provision…
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FMC Technologies and Technip multibillion-dollar merger completed
TechnipFMC recently announced that it is operating as a unified, combined company following completion of the merger of FMC Technologies…
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Big new oil discovery in Alaska
ConocoPhillips Alaska announced on January 13 a new oil discovery in the Greater Mooses Tooth (GMT) Unit located in the…
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Schlumberger acquired Peak Well Systems
Schlumberger announced the acquisition of Peak Well Systems (Peak), a leading specialist in the design and development of advanced downhole…
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Governing programme 2017-2020: Priorities in the energy sector
Romania’s current development phase requires the development of the highly qualified human capital and investment in research, innovation and development,…
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BVB 5 most traded shares in December 2016
Bucharest Stock Exchange (BVB) continued its growth in December 2016, a month when the main BVB indices, BET and BET…
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EU, EIB and EBRD to support Romania – Moldova gas interconnection
In a joint effort to strengthen Moldova’s energy security, the European Union (EU), the European Bank for Reconstruction and Development…
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Who will bid for Iranian oil & gas projects?
According to Shana news agency, Iran has pre-qualified 29 international companies to bid for its oil and gas projects based…
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Halliburton intends to acquire Russia’s Novomet
Halliburton announced on December 23, 2016, that it has made a filing with the Federal Antimonopoly Service of Russia (FAS)…
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