Tag: oil

Oil price may be above USD 150 in 2-3 years

Saudi Arabian Oil Minister Ali al-Naimi warned the top energy companies at the G8 in Rome that the price of oil may increase to above USD 150 a barrel.

USA: crude oil supply contract

CVR Energy Inc., which owns and operates a 115,000 barrel per day oil refinery in Coffeyville, Kansas, USA, is looking for a supplier to replace a crude oil supply contract with J.Aron & Co which is due to expire at the end of the year.

Paco takeover of WW Oil and Gas

WW Oil & Gas Inc. has received a takeover offer from Paco Oil & Gas Inc. Paco is a junior oil and gas firm operating in the State of Texas, US with similar projects and business activity relative to the operations of WW Oil & Gas Inc.

Production starts off Angola coast

Oil production has started from the deep-water Rosa field in Block 17 off the coast of Angola.

UAE: oilfield front end design

Foster Wheeler International Corp (Abu Dhabi branch) has been awarded the front-end engineering design (FEED) by the Abu Dhabi Company for Onshore Oil Operations (ADCO) for the Sahil, Asab and Shah (SAS) oilfield development project in the United Arab Emirates.

Caspian: gas injection

Agip KCO has awarded GE Energy a contract to supply an ultra high-pressure, sour gas injection system for the Kashagan oilfield in the North Caspian Sea.

Norway: Fram East contract

Hydro has awarded Aker Kvaerner the contract for reconstruction of the Troll C platform in order to produce oil from the satellite field Fram East.

Sudan: petroleum refinery

India’s Oil and Natural Gas Corporation (ONGC) will build a USD 1.2 billion refinery in Sudan.

Big oil investment in Russia

India is planning large investments in Russia’s energy sector as part of its strategy to secure foreign petroleum assets to meet the oil demand of its rapidly growing economy.

Well services in Indonesia

BJ Tubular Services has been awarded a contract to provide services in Indonesia by Total E & P Indonesie.