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

Copyright: Copyright 2017 Inc. All rights reserved.

Petrobras Board Extends CEO Parente's Term Until March 2019

Mon, 27 Mar 2017 00:00:00 GMT

Petrobras' board votes to extend Chief Executive Pedro Parente's term for two years, until March 2019.

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.

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.

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.

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.

Serbian Oil Firm NIS Appoints New Chief After Run Of Weak Profits

Fri, 24 Mar 2017 00:00:00 GMT

Serbian oil firm NIS, majority owned by Russia's Gazprom Neft, has appointed its new top executive.

Algeria's Sonatrach to Invest $50 Billion, Boost Oil Output

Thu, 23 Mar 2017 00:00:00 GMT

Sonatrach Group plans to boost crude output by 14% in the four years to 2019 and invest billions of dollars in exploration.

Shell Reluctant To Part With California Refinery Amid Asset Sale

Thu, 23 Mar 2017 00:00:00 GMT

Royal Dutch Shell is in talks with several potential buyers for its refinery outside of San Francisco, but the Anglo-Dutch oil giant is reluctant to part with its last asset in California.

Top Asian LNG Buyers Form Alliance To Push For Flexible Contracts

Thu, 23 Mar 2017 00:00:00 GMT

3 of Asia's top buyers of liquefied natural gas (LNG) agree to work together to secure more flexible contracts when buying the commodity.

CNPC Sees Fourth Leg Of Shaanxi-Beijing Pipeline Operational In October

Thu, 23 Mar 2017 00:00:00 GMT

China National Petroleum Corp expects the fourth leg of the Shaanxi to Beijing pipeline to be operational in October.

Repsol Chooses Atlas for Onshore, Offshore Consultant Provision

Thu, 23 Mar 2017 00:00:00 GMT

Repsol chooses Atlas Professionals as the preferred supplier for the provision of onshore and offshore technical consultants.

Petrochina's Head Of Crude Oil Trading Resigns, Replaced By Deputy

Wed, 22 Mar 2017 00:00:00 GMT

The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company.

Wintershall Says Ready To Continue Supporting Nord Stream 2

Wed, 22 Mar 2017 00:00:00 GMT

Wintershall is still looking for ways to support the Nord Stream 2 pipeline project.

High Calibre Staff Helps EnerMech Secure Prelude FLNG Contract

Wed, 22 Mar 2017 00:00:00 GMT

The high calibre of its staff helps EnerMech secure a pre-commissioning subcontract with Technip Oceania Pty Ltd on the Shell Australia operated Prelude FLNG project.

China's Sinopec Buys First Major African Refinery In Chevron Deal

Wed, 22 Mar 2017 00:00:00 GMT

China's Sinopec agrees to pay almost $1 billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.

Rosneft Signs Deal To Supply 10 LNG Cargoes To Egypt In 2017

Tue, 21 Mar 2017 00:00:00 GMT

Rosneft signs a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company this year.

Marathon Adds To Permian Acreage With $700MM Buy

Tue, 21 Mar 2017 00:00:00 GMT

Marathon Oil Corp buys additional acreage in the Permian basin for about $700 million.

Aker Solutions Secures Johan Sverdrup Phase 2 FEED Contract

Tue, 21 Mar 2017 00:00:00 GMT

Aker Solutions secures a front-end engineering and design (FEED) contract from Statoil for the second phase of the Johan Sverdrup development offshore Norway.

HITS JIP Helps EM&I Increase Employment Opportunities

Tue, 21 Mar 2017 00:00:00 GMT

A Hull Inspection Techniques and Strategies (HITS) joint industry project, led by EM&I Group, has led to a number of new innovations which have increased employment opportunities throughout the company.

Algerian State Energy Firm Sonatrach Replaces CEO

Mon, 20 Mar 2017 00:00:00 GMT

Sonatrach has replaced Chief Executive Amine Mazouzi after less than two years on the job.