News / International
Engineering Contract for Lengo Offshore East Java Awarded to PT Synergy Engineering
KrisEnergy has awarded the front-end engineering and design (FEED) contract for the Lengo gas development offshore East Java in Indonesia to PT. Synergy Engineering, and has commenced geophysical and geotechnical surveys at the platform site as well as along the proposed platform-to-shore pipeline route and onshore receiving terminal location.
US State of California Orders $1.6Bn Fine for Natural Gas Utility
California regulators imposed the largest penalty for a U.S. natural-gas utility, ordering PG&E Corp. to pay $1.6 billion for failures that led to a deadly 2010 natural gas pipeline explosion in a San Francisco suburb.
OPEC Should Cut Oil Output, Libya Official Says
OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said.
Unplaced Nigerian Crude Expected to Flow to Europe
A glut of unplaced Nigerian crude is expected to flow to Europe hoping to find end user demand after weak buying from Asia for Nigerian and West African light sweet crudes over the past month has left a large overhang of March, April and May cargoes.
ExxonMobil Looks at Mergers and Acquisitions
US major has motive and firepower to gatecrash Shell’s bid for BG or swoop on other explorers
Oil CVs on the Rise, Oil Hiring in Decline
Current market conditions have caused global oil and gas professionals to remain cautious in the negotiating process, a report said, noting a continued scale back in hiring.
Islamic Finance, Iran Oil Bracing for Post-Sanctions Era
Few people are likely to be counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers.
Automation Lessons for Kuwaiti Oil from Emerson
Leading automation and technology services company Emerson Process Management recently signed a Memorandum of Understanding (MOU) with Kuwait Oil Company (KOC) to help develop the technical expertise of KOC's operations and maintenance staff.
