News Regions Hardcopy Market Data Careers Web- tv Events Subscribe Focus About Upstream Advertise

Keppel takes Azerbaijan plunge

19 March 2010 12:17 GMT

Singaporean giant Keppel Offshore & Marine is poised to strengthen its presence in the Caspian after sealing a deal with Azerbaijan's state-run producer Socar and the Azerbaijan Investment Company (AIC) to develop and manage a new 52 hectare shipbuilding and ship repair facility in Baku.

Chinese players woo Statoil

Four Chinese companies said to be bidding for a 40% stake in a field off Brazil being sold by Norwegian giant Statoil, according to reports.

Kiev refuses to bail out Naftohaz

The Ukrainian government will not give financial aid to ailing energy company Naftohaz, the exclusive importer of Russian gas, for payments for gas supplies as of April, Prime Minister Mykola Azarov said.

'No Kovykta pay-out for TNK-BP'

TNK-BP will not be compensated for its investment at the Kovykta gas field should its licence be revoked, Natural Resources & Environment Minister Yuri Trutnev said.

Rosneft shrugs off Yukos moves

Russian giant Rosneft confirmed today that managers of defunct oil producer Yukos had won injunctions in US and UK courts seeking the seizure of some of its property, but denied that the court orders would hit its operations.

Kazakh workers halt strike

Workers at Kazakh producer KazMunaiGaz Exploration & Production (KMG EP) have ended a three-week strike at the OzenMunaiGaz (OMG) oil production unit, the company said today.

Technip in $48m Nord Stream splash

French engineering giant Technip has won a €35 million ($48.1 million) frame contract for work on the Nord Stream subsea gas pipeline, which will run from Russia rto Germany under the Baltic Sea.

Lukoil rethinks buyback plans

Russian producer will consider whether to launch a share buyback next month, company chairman Valery Graifer said today.

Medvedev set for Kiev trip

Russian President Dmitry Medvedev will visit Ukraine in May, setting the seal on a return to normal relations between the neighbours after five years of acrimony.

Yukos move 'freezes' Rosneft export cash

Rosneft faces an export deadlock after bankrupt rival Yukos won US and UK court injunctions which have made the process of making cash payments to Russian state-run producer in the West very complex, according to reports.

Total takes Kazakh slice

French giant Total has sealed a deal which will see it take a 50% slice in a Kazakhstan concession held by PetrolInvest subsidiary OilTechnoGroup (OTG).

Russia near East Siberia tax deal

Russia's Energy Minister said today oil companies could end up paying different export duties on East Siberian oil, a sign the finance ministry's fiscal hawks are getting the upper hand in the debate.

ConocoPhillips 'to halve Lukoil stake'

US supermajor ConocoPhillips is close to announcing that it plans to halve its stake in Lukoil, will sell 10% of its 20% interest in the Russian producer within three years, according to reports.

Gazprom bags Bulgaria block

16 March 2010 08:15 GMT

Russians rubbish pipe merger

15 March 2010 18:05 GMT

Ex-Yukos lawyer eyes Rosneft job

17 March 2010 07:20 GMT

Nord Stream team closes in on loan

12 March 2010 10:56 GMT

Russia eyes ONGC partnership

11 March 2010 13:25 GMT

Surgut rubbishes MOL sale talk

11 March 2010 12:56 GMT

'Kovykta reclaim will be fair'

11 March 2010 10:40 GMT

'Time for change in Ukraine'

01 March 2010 11:52 GMT

TNK-BP posts profit fall

01 March 2010 10:39 GMT
americas

Petrobras beats forecasts

Petrobras said fourth-quarter net income rose 31%, more than analysts' forecasts, as the company pared back costs and expenses amid declining revenue.

europe

EU gas crisis plans clears first hurdle

European Union proposals to force countries to build new emergency gas infrastructure have been given the nod by a parliamentary panel, but a requirement to prepare for 60 days of supply cuts was reduced to 45 days.

africa

KNOC keen on Jubilee slice

South Korea's national oil company is interested in buying a stake in Ghana's giant Jubilee oil field, the Korean firm and Ghana's state oil agency said today.

Middle East & North Africa

Gulfsands knocks back bid

Syria-focused explorer Gulfsands Petroleum today rejected an unsolicited takeover approach, which a source familiar with the situation said was from an Indian company, adding the player was not Oil & Natural Gas Corporation (ONGC).

asia & oceania

Keppel takes Azerbaijan plunge

Singaporean giant Keppel Offshore & Marine is poised to strengthen its presence in the Caspian after sealing a deal with Azerbaijan's state-run producer Socar and the Azerbaijan Investment Company (AIC) to develop and manage a new 52 hectare shipbuilding and ship repair facility in Baku.

Regions

Petrobras beats forecasts

Petrobras said fourth-quarter net income rose 31%, more than analysts' forecasts, as the company pared back costs and expenses amid declining revenue.

subscriber login
search
Upstream share price index
newspaper stories
most popular
recruitment

Senior Level Exploration Staff

Our client is looking for highly motivated and highly skilled E&P professionals who can assist with increasing its export production capacity from 2.5 million bopd to...

Petro Staff

Contracts Engineer ( Drilling and Construction)

Incumbent will have high involvement with other divisions, vendors and other customers to ensure compliance with standards and regulations. Changes to services, procedures...

Sheffield Offshore

Senior Level Exploration Staff

Our client is looking for highly motivated and highly skilled E&P professionals who can assist with increasing its export production capacity from 2.5 million bopd to...

Petro Staff

Instrumentation & Control Engineer

OMV Exploration & Production

Operations Readiness Coordinator (f/m)

OMV Exploration & Production

HSE Specialists (Drilling)

Sheffield Offshore

Operations Manager

Roc Oil Company

Lead Planning Engineer

Mentor IMC Group

Technical Manager

Sheffield Offshore

Senior Cost Engineer

Mentor IMC Group

Lead Process Engineer

Sheffield Offshore

Production Technologist

Roc Oil Company

Drilling Contracts Engineer

Sheffield Offshore

Schedule Engineer

Orion Group

Drilling Completions Engineer

Sheffield Offshore

click here for all positions
news from other nhst publications