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The latest upstream oil and gas news from around the world.



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Saudi Aramco Tax Slashed to Prepare Oil Producer for Giant IPO

Mon, 27 Mar 2017 00:00:00 GMT

Saudi Arabia slashed the tax rate paid by state oil producer Saudi Aramco, a key milestone in preparing the company for what may be the world's biggest initial public offering.



Poland Considers Building Floating LNG Terminal By 2021

Mon, 27 Mar 2017 00:00:00 GMT

Poland is considering building a second liquefied natural gas(LNG) terminal on the Baltic Sea by 2021.



BP Makes Third Gas Discovery In Egypt's North Damietta Concession

Sun, 26 Mar 2017 00:00:00 GMT

BP has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in the block.



Iran's Rouhani Signals Expansion In Energy Cooperation With Russia

Mon, 27 Mar 2017 00:00:00 GMT

Iranian President Hassan Rouhani says Tehran welcomes Russian investment in its gas and oil fields, signalling major developments in energy cooperation between the 2 countries.



Native Americans To Meet Norway's Wealth Fund Watchdog Over Pipeline

Mon, 27 Mar 2017 00:00:00 GMT

Standing Rock Sioux tribe representatives will meet the ethics watchdog for Norway's $915 billion sovereign wealth fund over a U.S. oil pipeline.



QIA Chief Says He's 'Absolutely' Confident In Rosneft Investment

Mon, 27 Mar 2017 00:00:00 GMT

Qatar is 'absolutely' confident in its investment in majority state-owned Russian oil company Rosneft, the head of Qatar's sovereign wealth fund says.



Aberdeen City Council Lifts Finance Barrier for SMEs, Will Help Create Jobs

Mon, 27 Mar 2017 00:00:00 GMT

Aberdeen City Council joins Business Loans Scotland to help lift the finance barrier for small and medium enterprises.



Software Developer Mltech Completes First Training Contract in Shetland

Mon, 27 Mar 2017 00:00:00 GMT

Specialist software developer, mltech, completes its first training contract in Shetland for engineering company Ocean Kinetics.



GLA is 'Single Accumulation', Largest Undeveloped UKCS Find

Mon, 27 Mar 2017 00:00:00 GMT

Hurricane Energy plc believes the Greater Lancaster Area is a single hydrocarbon accumulation, making it the largest undeveloped discovery on the UK Continental Shelf.



Unite Calls for Safety Transparency After Worker Radiation Exposure Claims

Mon, 27 Mar 2017 00:00:00 GMT

Unite calls for 'openness and transparency' on safety incidents offshore, after a group of workers were reported to have been exposed to radiation on the Thistle platform.



Halliburton Warns Of First-Quarter Profit Miss As Costs Rise

Fri, 24 Mar 2017 00:00:00 GMT

Halliburton warns that its first-quarter profit would likely miss analysts' expectations.



December North Dakota Crude Spill Larger Than Initially Estimated

Fri, 24 Mar 2017 00:00:00 GMT

A crude oil spill in western North Dakota in December is now believed to be about three times bigger than originally estimated, pipeline owner True Companies says.



Oil Rises In Late Trade, Still Down On The Week As Glut Weighs

Fri, 24 Mar 2017 00:00:00 GMT

Oil rose modestly in a spate of late-day activity, but fell on the week as concerns persisted over an excess of crude.



Statoil Exec: Effective Leaders Should Empower People and Machines

Fri, 24 Mar 2017 00:00:00 GMT

Statoil's Jim Claunch shares his insight and advice on what will make effective oil and gas leaders during a time of rapidly advancing technology.



America's Nuclear Sector Braces for More Closures

Fri, 24 Mar 2017 00:00:00 GMT

S&P Global Ratings' Michael Ferguson outlines the reasons behind nuclear's decline and the industry's likely direction.



Don't Make People Feel Stupid. Drop the Jargon!

Fri, 24 Mar 2017 00:00:00 GMT

Industry jargon and three-letter acronyms have their place, but they can also prevent you from selling a message effectively to others.



UK's Lamprell Sees Tough Year Ahead, Recovery Only In 2018

Fri, 24 Mar 2017 00:00:00 GMT

Oil rig builder Lamprell Plc lowers its revenue forecast for this year and says it expects to start seeing a recovery in activity only in 2018.



Russian Private Oil Companies Swing Behind Output Cuts

Fri, 24 Mar 2017 00:00:00 GMT

Russia's private oil producers are ditching their scepticism and lining up behind an extension of a global deal to cut output after previous oil price increases compensated for lost income.



Trump's Keystone XL Approval Moves Pipeline Fight to Individual States

Fri, 24 Mar 2017 00:00:00 GMT

TransCanada gets its presidential permit to move forward with building its Keystone XL crude oil pipeline, but the battle to flow crude through several states isn't over, analysts say.



First Oil For Long-Awaited Myanmar Pipeline To China Delayed Again

Fri, 24 Mar 2017 00:00:00 GMT

A long-awaited pipeline that would allow overseas oil to be pumped through Myanmar and into China for the first time has been delayed again.