Petronas announced Thursday that its wholly-owned entity, the North Montney LNG Limited Partnership (NMLLP), has agreed to acquire a 25 percent stake in the LNG Canada project in Kitimat, British Columbia.
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Shell Offshore, Inc. announced that oil rig flanges gulf coast production has begun from the first phase of its Kaikias subsea oil and gas development in the U.S.
NEW YORK, May 31 (Reuters) - U.S.
MANILA, May 31 (Reuters) - The Philippines' energy ministry plans to import initially about 240 million litres of diesel, equivalent to three days of the country's requirements, from Russia and other non-OPEC countries for stockpiling purposes, it said on Thursday.
BAKU, May 30 (Reuters) - Azeri state oil BOP Blow Out Preventer repair company gulf coast SOCAR and Norway's Equinor on Wednesday signed a risk service contract for the development of the Karabakh offshore oil and natural gas field in the Caspian Sea.
BAKU, May 30 (Reuters) - The global oil industry should ramp up investment to ensure it can cope with future consumption growth and avoid supply shortages, OPEC Secretary-General Mohammad Barkindo told a conference in Baku.
The redundancy in pipeline monitoring and data collection equipment that oil producers and midstream operators use to maintain crude oil purity standards can yield extra costs, poor transparency and inconsistent data quality.
(Bloomberg) -- Oil took a breather from its week-long rout as the dollar’s rally faltered and concerns over higher OPEC oil rig flanges gulf coast production eased.
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