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Oil Field Services News

Honghua Signs $26m Contract in the Middle East
Iraq >> 7/17/2015 - Honghua Group Ltd, a leading global land drilling rig manufacturer, is pleased to announce that it entered into an oilfield services agreement worth approximately US$26.0 million (approximately HK$201...
Brazil Senators Debate Subsalt Oil Development Law Options
Brazil >> 7/2/2015 - Brazilian senators debated alternatives to a 2010 law that requires state-run oil firm Petrobras to take a minimum 30 percent stake in new development contracts and function as operator in Brazil's su...
UK Slams Argentine Plan to Seize Falklands Oil Driller Assets
Falkland Islands >> 6/29/2015 - Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the a...
Nigerian President Dissolves State Oil Company Board
Nigeria >> 6/26/2015 - Nigeria's new President Muhammadu Buhari dissolved the board of the state-owned oil company on Friday as a first step in cleaning up the sector in Africa's biggest crude producer. ...
Egypt's Transport Minister Temporarily Takes over Oil Portfolio
Egypt >> 6/25/2015 - Egypt's prime minister said on Thursday that Transport Minister Hany Dahi would temporarily take on the portfolio of the energy minister while he was travelling. ...
Shell Holds Talks in Iran on Post
Iran >> 6/24/2015 - Royal Dutch Shell has recently held talks in Iran to discuss business cooperation with the oil and gas-rich country should international sanctions on Tehran be lifted. ...
Gazprom’s Projects in Russian East Running Within Schedule
Russia >> 6/16/2015 - The Gazprom headquarters hosted today Press Conference “Gazprom in Eastern Russia. Entry into Asia-Pacific Markets” held on the threshold of the Company’s annual General Shareholders Meeting. Taking p...
Air Energi Wins New Contract with BP Iraq
Iraq >> 6/16/2015 - Air Energi has been awarded its first major contract with BP Iraq. The five year agreement will see Air Energi deliver talent acquisition services to support BP Iraq’s operations in the Middle East. ...
South Pars Development a Must
Iran >> 6/13/2015 - A senior Iranian lawmaker has called for the acceleration of development of South Pars gas field which Iran shares with neighboring Qatar. ...
Libya's Official Government Fails to Sell Oil Directly
Libya >> 6/12/2015 - Libya's official government, based in the east since fleeing the capital, has so far failed to sell oil by itself, despite setting up a Dubai bank account and new central bank unit, industry and banki...
Algeria's Oil Output at 1.12 mn bpd
Algeria >> 6/10/2015 - Algeria's oil production is 1.12 million barrels per day, a level just under the average output for the last few years for the North African OPEC producer, an industry source said. ...
ASCO Awarded First Contract with OMV
Norway >> 6/4/2015 - ASCO Group is pleased to announce the award of a contract from OMV to provide supply base services for their operations in the Norwegian Sea and Barents Sea. This is a brand new contract for ASCO Norg...
Honours for Akkulka Oil Field Discovery
Kazakhstan >> 6/3/2015 - Tethys Petroleum Limited is pleased to announce that two of its long standing and highly valued technical team members, Almas Kulumbetov and Oleg Yurikov, have been awarded a diploma and honorary meda...
Egypt's Petroleum Exports Decline 38% in March
Egypt >> 6/1/2015 - Petroleum exports declined by 38 percent in March compared to the same month in 204, reaching LE2.216 billion, according to Central Agency for Public Mobilization and Statistics (CAPMAS). ...
Libyan Hariga Port to Export 1.7 Million Barrels of Crude
Libya >> 5/31/2015 - The eastern Libyan port of Hariga will export 1.7 million barrels of crude this week, oil officials said. ...
Nigerian Oil Union Says Halliburton Strike is Over
Nigeria >> 5/27/2015 - Local Nigerian staff at U.S. oil services company Halliburton have ended a nationwide strike over job cuts, a spokesman for one of two oil unions involved in the dispute said. ...
Algeria PM Says Ready to Relaunch Galsi Gas Project
Algeria >> 5/27/2015 - Algeria is ready to build the proposed Galso gas pipeline to bring Algerian gas to Italy, Prime Minister Abdelmalek Sellal said during a visit to Rome. ...
Nigerian Oil Union Halts Halliburton Operation over Job Cuts
Nigeria >> 5/26/2015 - Nigeria's main oil union has shut down the local operations of U.S. oilfield services provider Halliburton Co in protest against job cuts, the trade body said. ...
Egypt Extends Mediterranean Gas Exploration Tender
Egypt Extends Mediterranean Gas Exploration Tender Egypt >> 5/26/2015 - Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said on Tuesday, as the country seeks to boos...
Aghajari Gas Injection Rate on Rise
Iran >> 5/25/2015 - According to NISOC Production Manager, the nominal gas rate injected into Aghajari oilfield has reached to 56 million cubic meters per day, showing the highest amount since the startup of this project...

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