News archive

India able to fill its strategic reserves of petroleum products

India able to fill its strategic reserves of petroleum

India has seen almost 70 per cent decline in oil and gas demand but has been able to fill its strategic reserves of petroleum products, Petroleum and Natural Gas Minister Dharmendra Pradhan.Pradhan held...
25 May 2020
Nakilat, Shell continue fleet management transition

Nakilat, Shell continue fleet management transition

Nakilat has commenced the second phase of its fleet management transition from Shell International Trading and Shipping Company Limited (”Shell”), with Q-Max LNG carrier Al Mayeda being the first vessel...
25 May 2020
Russia, Saudi Arabia see demand recover

Russia, Saudi Arabia see demand recover

Saudi Arabia and Russia see signs that oil demand is recovering as countries around the world start to relax lockdowns imposed to fight the spread of the coronavirus outbreak.The Saudi-Russia statement...
25 May 2020
TransGlobe reports production in Egypt

TransGlobe reports production in Egypt

TransGlobe’s production in Egypt averaged around 12,544 barrels per day (bbl/d) in Q1 2020, while recording approximately 12,111 bbl/d in April, according to a statement.The company’s total production...
25 May 2020
Oceaneering wins Asset Integrity Scope in Middle East

Oceaneering wins Asset Integrity Scope in Middle East

Oceaneering International, Inc. (Oceaneering) has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE. The award includes the provision of general and advanced...
25 May 2020
South Disouq Raises SDX production by 117%

South Disouq Raises SDX production by 117%

SDX company announced that its entitlement production recorded 8,061 barrel of equivalent per day (boe/d) which is increased by 117% during Q1 2020, compared to 3,715 boe/d produced in Q1 2019 despite...
25 May 2020
McDermott lands Middle East FEED contract

McDermott lands Middle East FEED contract

McDermott International has been awarded a sizeable contract (between $1- and $50 million) from a Middle East customer to carry out front-end engineering and design (FEED) work for offshore riser platform...
25 May 2020
KBR and NIPIneftegas announce JV in Kazakhstan

KBR and NIPIneftegas announce JV in Kazakhstan

KBR announced that it has signed a joint venture (JV) agreement with NIPIneftegas JSC to establish a new engineering and support services company, KBR-NIPILLP, in Kazakhstan.With support from KBR and ...
25 May 2020
Increased hydropower capacity by 2030

Increased hydropower capacity by 2030

India will have an installed hydropower generation capacity of 70,000 megawatt (MW) by 2030, Aniruddha Kumar, Joint Secretary at the Ministry of New and Renewable Energy said in a webinar organised by...
25 May 2020
Gail to commission LNG pipeline next month

Gail to commission LNG pipeline next month

After a delay of decades, the Gas Authority of India Limited (Gail) is all set to commission Kochi-Mangaluru Liquefied Natural Gas (LNG) pipeline next month. Once the project is through, sales of LNG from...
25 May 2020