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Tag: oil
Essar Projects secures pipeline replacement contract from Indian Oil
2016-07-06 01:00:00| Hydrocarbons Technology
Indian-based engineering, procurement and construction company Essar Projects has secured a Rs850m ($12m) contract to replace 141km of pipeline of 18in diameter in the Koyali-Viramgam section of Indian Oils (IOCL) Koyali-Sanganer pipeline.
Tags: projects
contract
oil
indian
Wood Group and Librestream to provide business solutions for oil and gas sector
2016-07-06 01:00:00| Hydrocarbons Technology
Wood Group and Canadian technology company Librestream Technologies have signed an agreement to provide business solutions for operations, maintenance and integrity challenges within the oil and gas sector.
Tags: business
group
provide
solutions
U.S. Holds More Oil Reserves Than Saudi Arabia and Russia
2016-07-05 15:32:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: According to a new analysis, the U.S. now holds more oil reserves than Saudi Arabia and Russia, the first time this has happened. And more than half of the U.S.s remaining oil reserves are in shale oil. The analysis, by Rystad Energy, has concluded that recoverable oil in the U.S. from existing fields, discoveries and yet undiscovered areas is equivalent to 264 billion barrels, which easily beats Saudi Arabias 212 billion barrels and just squeezes past Russias 256 billion. The crux though...
Oil prices drop due to concerns of economic growth slowdown
2016-07-05 01:00:00| Offshore Technology
Oil prices have fallen below $50 a barrel amid concerns of potential slowdown in economic growth, which is expected to weigh on supply outages in Nigeria, as well as other exporting countries.
Tags: due
prices
growth
economic
Arctic drilling: Norway deals out oil exploration licences
2016-07-05 01:00:00| Offshore Technology
Norways government has opened its Arctic waters to oil and gas development in a landmark decision that has enraged environmentalists. Politicians see the licences as one of the biggest opportunities for the countrys energy sector in decades, but wi
Tags: deals
oil
norway
exploration
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