These long-term contracts mean that Hammerfest will be an important helicopter base for us for many years to come.
Read More »Lebanon Passes Oil Tax Law Ahead of First Energy-Rights Auction
Lebanon is seeking to develop its energy assets after lagging behind Cyprus. Egypt and Israel in exploring for oil and natural gas in the eastern Mediterranean.
Read More »Halliburton Introduces New Drill Bit for High Energy Applications
Recent years have seen advances in drilling equipment and practices that have enabled operators to significantly increase energy and drilling speed to reduce costs.
Read More »Saudi to Increase Oil Prices by 80%
Further delays to cuts in government subsidies will not come as a surprise as security officials in the country deal with low level unrest.
Read More »Algeria`s Sonatrach Chief Urges Oil Industry Reforms
Algeria expects its gas exports to reach 57 billion cubic metres (bcm) this year. up from 54 bcm in 2016.
Read More »Major Petrochemical Deals Expected in Three Months
Total and Iran reached a preliminary agreement this year to build three petrochemical plants.
Read More »Egypt to Reduce LNG Imports as Zohr Gas Field Nears Production
Liquified natural gas imports will be limited to 80 shipments worth $1.8 billion in 2017 18 in anticipation of Zhor'.s completion by late 2017.
Read More »Russia Digs into Iraqi-Kurdistan with Huge Gas Pipeline
The pipeline will export 30 billion cubic metres of gas every year with the gas ready for the domestic market next year and for export in 2019.
Read More »Gazprom Intends to Invest Up to $1.7Bln in Kyrgyzstan Energy Sector
Gazprom intends to invest up to 100 billion rubles in the coming years.
Read More »Siemens Refused to Cooperate with Ukraine Because of Fear of Losing Russian Orders
In July it became known that Russia. in violation of the sanctions regime. sent gas turbines made by the German concern Siemens (model SGT5-2000E) to the Crimea.
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