Latest news
Petrofac reports its net profit final results
Petrofac, oil & gas services company has registered a 26% increase in profit in 2010, despite the unrests from the Middle East, exceeding its profit expectations and forecasting its net profit to rise at least 15% in 2011.
read more... 08/03/2011
PetroChina puts into operation a new gas pipeline
According to China Petroleum Daily reports, PetroChina put into the operation a new pipeline on Wednesday, called Qinhuangdao-Shenyang , which will allow the major energy supplier to diversify its regional productions.
read more... 08/03/2011
Shell eyes shale gas search in South Africa’s Karoo Basin
The oil major Royal Dutch Shell announced that they intend to explore the large Karoo Basin in South Africa to search for shale deposits.
read more... 07/03/2011
Total agrees to purchase a $4 billion stake in Novatek
Total, the third biggest oil company in Europe, agreed to pay $4 billion for a stake in Novatek and for joining the Arctic gas project.
read more... 07/03/2011
Mitsubishi to develop a more energy-efficient liquefied natural gas ship until 2014
Mitsubishi Heavy Industries Ltd. Company received an order from Nippon Yusen Kabushiki Kaisha, a shipping company, to build a ship with a steam turbine generator that has 15 percent better fuel efficiency as compared to the traditional steam systems.
read more... 03/03/2011