News

Texas-based Noble Energy will apparently commence appraisal drilling within its Block 12 concession sometime between this October and March next year.

Two large export refineries in the former Soviet Union, the 220,000 barrels-per-day (bpd) Moscow Refinery and the 240,000 bpd Mozyr refinery in Belarus, announced outages in September for partial maintenance.

EnerJex Resources, Inc. (OTCMarkets: ENRJ) (“EnerJex” or the “Company”), a domestic onshore oil company, announced yesterday that it has appointed Douglas M. Wright as its Chief Financial Officer.

ConocoPhillips (NYSE: COP) announced yesterday that, as part of its ongoing strategy to reposition its asset base, it has closed a transaction with LUKOIL for the sale of ConocoPhillips’ indirect 30 percent interest in

The Middle East crude market remained buoyed by concerns over tightening gas oil inventories globally, traders said.

Saudi Arabian Oil Co. is developing a natural-gas field called Midyan in the northwestern part of the kingdom, the Eqtisadiah newspaper reported, citing Chief Executive Officer Khalid al-Falih.

The UK's oil and gas industry continues to have a stable and positive outlook, according to the latest survey of business confidence for the sector conducted by trade body Oil & Gas UK.

Thailand has granted production rights in two fields to Chevron Petroleum (Thailand) and Apico (Korat) Ltd., Songpope Polachan, director-general of the Department of Mineral Fuels, told reporters Wednesday.

Prices then fell during the second quarter before turning sharply upward at the start of the third quarter. Both Brent and U.S.

General Dynamics NASSCO has been awarded a $104 million contract modification from the U.S. Navy to renovate and modernize the dock landing

Wednesday 22 August, Russia joined the World Trade Organization as 156th country.

Transas Marine has developed a ship model of a 400,000 DWT Very Large Ore Carrier (VLOC), the largest bulk carrier in the world.

The Port of Rio de Janeiro will receive around R$ 3 billion in investments by 2016, which should increase its capacity by 80%.

The Navy’s revised cost estimate to restore USS Miami (SSN 755) is approximately $450 million, with an estimated date of completion for the repairs of April 30, 2015 officials announced Aug. 22.

On the 21st of August 2012, Israel Shipyards Ltd ( ISL ) launched another commercial vessel, the 5th built within the recent years.

Rolls-Royce, the global power systems company, has secured an £8 million contract to design and power a highly specialised buoy tender vessel for India.

TGS announces a 3D multi-client seismic survey, Honeycombs, which covers 2,500 km2 over the Exmouth Plateau in the Northern Carnarvon Basin, offshore NW Australia.

Port of Melbourne Corporation’s (PoMC’s) $1.6 billion redevelopment of Webb Dock is advancing with the awarding of civil and maritime design contracts.

The world’s largest heavy lift vessel called at the Port of Tyne to pick up a number of offshore modules from IHC Engineering Business (IHC) based at the Port.

Minister for Defence Materiel Jason Clare today announced the departure of the hull of the first of the Royal Australian Navy’s (RAN’s) new amphibious ships from Ferrol in northern Spain.