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Category Archives: News

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New Route of Russia – Turkey Gas Pipeline Gets Approval

January 31, 2015

Ankara hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Turkish Minister of Energy and Natural Resources. The parties discussed the main issues of constructing a new gas pipeline across the Black Sea towards Turkey. The meeting considered the preliminary feasibility study on the new gas pipeline and approved its new route. The four strings will… Continue Reading »

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Lukoil Would Welcome Investigation into Accusations it Funded Terrorism

January 30, 2015

Russia’s second-largest oil producer Lukoil would welcome a prompt investigation into accusations that it took part in the funding of terrorism in Ukraine and is ready to co-operate with Ukraine’s law enforcement agencies, the company stated Wednesday. The firm was accused in mid-January by the Security Service of Ukraine on its website of using money… Continue Reading »

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BP Cuts 255 Jobs In Azerbaijan, Remains Committed To Region

January 28, 2015

British oil major BP said on Tuesday it had cut 255 jobs, or around 8 percent of its workforce in Azerbaijan as it trims costs in response to the “challenging market environment”. Crude prices have more than halved since June to below $50 per barrel, and oil majors have been cutting capital and operating expenditures… Continue Reading »

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Argentina: Best Candidate for Next Shale Boom?

January 27, 2015

A conversation about Argentine shale prospects is rarely loud enough to be heard. Instead, the oil and gas industry discusses at the length the outlook for U.S. shale. Of course, the key question about shale today is: how it will fare given the slumping price of oil? The answer is of critical importance to energy… Continue Reading »

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FMC Technologies to Cut Norway Jobs

January 26, 2015

The oil service company FMC Technologies will be reducing its workforce in Norway due to lower offshore activity and cost control from the oil companies. According to the latest reports, FMC Technologies’ Ågotnes base is set to shed up to 120 jobs, the employees were informed Thursday afternoon. Ågotnes, FMC Technologies’ support base which, according… Continue Reading »

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AirAsia 8501 – More Bodies Retrieved, More Data Released

January 25, 2015

Detik News reports that there was some difficulty in relocating the fuselage.  Sidescan sonar was used and the fuselage was discovered “a few centimeters” from the last reported coordinates.  This highlights the difficulties faced by the divers: quite apart from the strong currents, visibility is very poor due to silt and sand stirred up by… Continue Reading »

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Divers Isolate Curlew FPSO After Gas Leak

January 24, 2015

The deep sea divers completed the subsea work with the ROVs to further isolate the Curlew FPSO from the Fulmar gas line by closing two valves on the interconnecting pipeline, Shell UK said in the latest update.  This was completed last night and, as a result, gas export via the Fulmar pipeline to the St Fergus… Continue Reading »

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Tenders Open for Possible MH370 Recovery

January 24, 2015

The Australian Transport Safety Bureau (ATSB) issued a tender, seeking recovery services, in the event of locating the missing Malaysia Airlines flight MH370. The ATSB said preliminary tenders would allow it to assess which organisations are able to supply the equipment and expertise required for any recovery operation. “While no wreckage from the missing aircraft… Continue Reading »

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