Petroleum production http://www.globalpost.com/taxonomy/term/32292/all en URGENT ¥¥¥ Poland to invest 1.1 bn euros in gas piplines: Gaz-System http://www.globalpost.com/dispatch/news/afp/130212/urgent-poland-invest-11-bn-euros-gas-piplines-gaz-system <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Poland will invest 1,1 billion euros ($1.4 billion) as of 2014 in gas pipeline network linking an new Baltic LNG terminal at Swinojscie its Czech, Slovak and Ukrainian neighbours, Poland's state-owned gas transmission monopoly Gaz-System said on Tuesday.</p> <p>"In five years we want to build 940 kilometres (585 miles) of natural gas pipelines to transfer gas from Swinoujscie up to the Czech, Slovak and Ukrainian borders," Gaz-System spokeswoman Malgorzata Polkowska told AFP.</p> <p>sw-mas/hd</p> Fuel gas Gaz-System Petroleum production AFP Tue, 12 Feb 2013 13:30:28 +0000 Agence France-Presse 5753520 at http://www.globalpost.com Minnow Europa gets 'big oil' interest in Ireland partnership http://www.globalpost.com/dispatch/news/thomson-reuters/130218/minnow-europa-gets-big-oil-interest-ireland-partnership <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Sarah Young</p> <p>LONDON, Feb 18 (Reuters) - British minnow Europa Oil &amp; Gas , which snapped up two areas off Ireland's coast before big companies came to see the region as a new bright spot for exploration, said it has received partnership interest from oil majors.</p> <p>Europa, capitalised at just 14 million pounds ($22 million), began the process needed to find a partner at the end of January to gain help in funding the hunt for oil and gas on the two positions it picked up in 2011 off the southwest coast.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130218/minnow-europa-gets-big-oil-interest-ireland-partnership" target="_blank">read more</a></p> Business Oil well Petroleum Petroleum production Thomson Reuters Mon, 18 Feb 2013 15:45:08 +0000 Thomson Reuters 5759079 at http://www.globalpost.com Europe bids to tighten offshore drilling rules http://www.globalpost.com/dispatch/news/afp/130221/europe-bids-tighten-offshore-drilling-rules <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Europe moved Thursday towards agreement on new rules governing offshore oil and gas drilling in response to a major environmental disaster off the United States, but environmentalists criticised the omission of terms covering Arctic exploration.</p> <p>"Before oil and gas firms could get a licence to drill, the (proposed new) directive would require them to submit major hazard reports and emergency response plans and prove their ability to remedy any environmental damage caused," the European Parliament said after talks with European Union member state governments. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130221/europe-bids-tighten-offshore-drilling-rules" target="_blank">read more</a></p> Disaster Energy in the United States Petroleum Petroleum production AFP Thu, 21 Feb 2013 17:46:32 +0000 Agence France-Presse 5762418 at http://www.globalpost.com UPDATE 4-Shell abandons Alaska offshore drilling for this year http://www.globalpost.com/dispatch/news/thomson-reuters/130227/update-1-shell-abandons-alaska-drilling-2013 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Yereth Rosen</p> <p>ANCHORAGE, Alaska, Feb 27 (Reuters) - Royal Dutch Shell Plc will not drill for oil in Alaska's Arctic seas this year, the company said on Wednesday, in a widely expected decision that follows a series of high-profile setbacks in 2012.</p> <p>Both critics and supporters of Shell's controversial Arctic offshore foray welcomed its decision to give up on drilling there for 2013, while the company tries to get its drillships ready and answers to U.S. federal investigators.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130227/update-1-shell-abandons-alaska-drilling-2013" target="_blank">read more</a></p> Chukchi Sea Drillship Fossil fuels Noble Corporation Offshore drilling Petroleum production Technology Thomson Reuters Wed, 27 Feb 2013 19:45:23 +0000 Thomson Reuters 5768830 at http://www.globalpost.com Cape profit falls on poor performance in Australia http://www.globalpost.com/dispatch/news/thomson-reuters/130306/cape-profit-falls-poor-performance-australia <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>March 6 (Reuters) - Cape Plc, a provider of painting and insulation services to miners and LNG producers, reported a 66 percent fall in full-year pretax profit, citing poor performances by its Australian business and slow progress at the Arzew gas project in Algeria.</p> <p>The company said adjusted profit before tax fell to 23.8 million pounds ($36 million) from 69.4 million pounds a year earlier.</p> <p>Adjusted revenue from continuing operations rose 7 percent to 749.4 million pounds, driven by construction projects in the Middle East.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130306/cape-profit-falls-poor-performance-australia" target="_blank">read more</a></p> Entertainment Liquefied natural gas Petroleum production Thomson Reuters Wed, 06 Mar 2013 08:00:04 +0000 Thomson Reuters 5774720 at http://www.globalpost.com UPDATE 2-Hunting cautious on shrinking gas extraction market http://www.globalpost.com/dispatch/news/thomson-reuters/130307/update-1-hunting-sees-satisfactory-2013-profit-rises <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Pretax profit jumps 55 percent in 2012</p> <p>* Hunting sees slow start to 2013, improving in H2</p> <p>* Expects more competition stemming from weak gas price</p> <p>* Plans final 2012 dividend of 14.0 pence</p> <p>By Alice Baghdjian</p> <p>LONDON, March 7 (Reuters) - British oil services firm Hunting reported a jump in 2012 profits but gave a cautious outlook for 2013, saying low prices were discouraging drilling for gas in the United States, shrinking the market for extraction services.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130307/update-1-hunting-sees-satisfactory-2013-profit-rises" target="_blank">read more</a></p> BP Disaster Fuels Hunting Matter Oils Petroleum Petroleum production Thomson Reuters Thu, 07 Mar 2013 08:16:49 +0000 Thomson Reuters 5775791 at http://www.globalpost.com Hyundai Heavy-order http://www.globalpost.com/dispatch/news/yonhap-news-agency/130325/hyundai-heavy-order <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 26 (Yonhap) -- Hyundai Heavy Industries Co., South Korea's leading shipbuilder, said Tuesday that it has secured a US$2 billion deal to build two offshore facilities for France-based Total SA.</p> <p>Under the deal with Total's South African affiliate Total Congo, Hyundai Heavy will build a floating production unit for $1.3 billion and an offshore platform for $700 million.</p> <p>The two facilities will be installed in the Moho Nord oil field, about 80 kilometers from Pointe-Noire, a southern coastal city in Congo.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130325/hyundai-heavy-order" target="_blank">read more</a></p> Chaebol Hyundai Heavy Industries Petroleum production Yonhap News Agency Tue, 26 Mar 2013 02:16:18 +0000 Yonhap News Agency 5793797 at http://www.globalpost.com S. Korea's Hyundai wins $2 bn French order http://www.globalpost.com/dispatch/news/afp/130326/s-koreas-hyundai-wins-2-bn-french-order <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hyundai Heavy Industries, the world's largest shipbuilder, said Tuesday it had won a $2.0 billion order to build two offshore platforms for French energy giant Total.</p> <p>Under the deal with Total's Congo unit, the South Korean company will build and deliver by early 2016 a drilling platform and a floating oil and gas production platform, Hyundai said in a statement.</p> <p>The two platforms will operate at Moho Nord field 80 kilometres (50 miles) off the southwestern coast of Congo, Hyundai said, adding the field is believed to have a crude oil reserve of about three billion barrels. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130326/s-koreas-hyundai-wins-2-bn-french-order" target="_blank">read more</a></p> Oil platform Petroleum production Structural engineering USD AFP Tue, 26 Mar 2013 04:00:26 +0000 Agence France-Presse 5793845 at http://www.globalpost.com CORRECTED: S. Korea's Hyundai wins $2 bn French order http://www.globalpost.com/dispatch/news/afp/130326/corrected-s-koreas-hyundai-wins-2-bn-french-order <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hyundai Heavy Industries, the world's largest shipbuilder, said Tuesday it had won a $2.0 billion order to build two offshore platforms for French energy giant Total.</p> <p>Under the deal with Total's Congo unit, the South Korean company will build and deliver by early 2016 a drilling platform and a floating oil and gas production platform, Hyundai said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130326/corrected-s-koreas-hyundai-wins-2-bn-french-order" target="_blank">read more</a></p> Oil platform Petroleum production Structural engineering USD AFP Tue, 26 Mar 2013 05:00:03 +0000 Agence France-Presse 5793860 at http://www.globalpost.com Early completion of oil tankers terminal stressed http://www.globalpost.com/dispatch/news/asianet/130403/early-completion-oil-tankers-terminal-stressed <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Sindh Chief Secretary Raja Muhammad Abbas has advised the Zulfiqarabad Oil Tanker’s Terminal stakeholders to speed up the accomplishment of project, so that the shifting of oil tankers could be ascertained expeditiously.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130403/early-completion-oil-tankers-terminal-stressed" target="_blank">read more</a></p> Business Hospitality Law Petroleum production Politics Technology Asianet Wed, 03 Apr 2013 16:18:19 +0000 Asianet 5800594 at http://www.globalpost.com Conoco halts offshore drilling in Alaskan Arctic http://www.globalpost.com/dispatch/news/afp/130410/conoco-halts-offshore-drilling-alaskan-arctic <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US oil giant ConocoPhillips on Wednesday announced it is suspending its offshore Alaska drilling program in the Alaskan Arctic due to changing regulations.</p> <p>Two months after a similar move by Shell, ConocoPhillips cited "evolving" federal regulatory requirements in putting on hold its 2014 exploration drilling plans in the Chukchi Sea on Alaska's northern coast.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130410/conoco-halts-offshore-drilling-alaskan-arctic" target="_blank">read more</a></p> Business Disaster Economy of the United States Petroleum Petroleum production AFP Wed, 10 Apr 2013 20:02:49 +0000 Agence France-Presse 5809681 at http://www.globalpost.com Senate body for resolving communities’ problems at oil, gas fields http://www.globalpost.com/dispatch/news/asianet/130412/senate-body-resolving-communities-problems-at-oil-gas-fields <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Senate Standing Committee on Petroleum and Natural Resources on Thursday underlined the need for taking solid steps to resolve problems of the communities living around oil and gas fields.</p><P>The committee met here with Senator Muhammad Yousuf in the chair was of the view that certain problems emerged for oil and gas companies as a result of non-resolution of problems of the local communities.</p><P>Thus, the committee’s members said oil and gas companies should provide jobs to local people and initiate projects for their welfare and development of the area in order to create conducive </p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130412/senate-body-resolving-communities-problems-at-oil-gas-fields" target="_blank">read more</a></p> Business Economy of Iran Labor Law Petroleum production Sui Southern Gas Company Technology Asianet Fri, 12 Apr 2013 14:04:27 +0000 Asianet 5813239 at http://www.globalpost.com Iran to export liquefied natural gas soon http://www.globalpost.com/dispatch/news/asianet/130415/iran-export-liquefied-natural-gas-soon <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Iran has achieved self-sufficiency in the production of liquefied natural gas and will export the product in the future, Press TV reported Sunday, quoting an Iranian deputy oil minister.</p><P>Alireza Zeighami said Iran has stopped importing 800 tons of liquefied natural gas, or LNG, from neighboring states every day, which it used to do, since it became self-sufficient in the product.</p><P>"Following the complete development...</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130415/iran-export-liquefied-natural-gas-soon" target="_blank">read more</a></p> Fuel gas Liquefied natural gas Petroleum production Technology Asianet Mon, 15 Apr 2013 20:03:35 +0000 Asianet 5816567 at http://www.globalpost.com Motegi in Brazil to pitch offshore platform for oil development http://www.globalpost.com/dispatch/news/kyodo-news-international/130502/motegi-brazil-pitch-offshore-platform-oil-development <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kyodo News International </div> </div> </div> <!--paging_filter--><p> Japanese trade minister Toshimitsu Motegi met with his Brazilian counterpart Fernando Pimentel on Thursday to market a mega offshore logistics hub that will help the South American country to enhance development of offshore oil</p> <p>fields and other marine resources.</p> <p><a href="http://www.globalpost.com/dispatch/news/kyodo-news-international/130502/motegi-brazil-pitch-offshore-platform-oil-development" target="_blank">read more</a></p> Offshore drilling Petroleum Petroleum production Technology Kyodo News International Thu, 02 May 2013 16:15:17 +0000 Kyodo News International 5829932 at http://www.globalpost.com Motegi calls for early approval of natural gas exports http://www.globalpost.com/dispatch/news/kyodo-news-international/130503/motegi-calls-early-approval-natural-gas-exports <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kyodo News International </div> </div> </div> <!--paging_filter--><p> Japanese trade minister Toshimitsu Motegi called for early approval for exports of liquefied natural gas to Japan in a meeting Friday with Acting Energy Secretary Daniel Poneman, saying securing a relatively cheap energy source is crucial for Japan.</p> <p> Poneman told Motegi that he fully recognizes that U.S. LNG exports are an urgent issue for Tokyo and said that the Energy Department will examine each project in line with U.S. law in a responsible manner, the trade minister told a press conference.</p> <p><a href="http://www.globalpost.com/dispatch/news/kyodo-news-international/130503/motegi-calls-early-approval-natural-gas-exports" target="_blank">read more</a></p> Japan Liquefied natural gas Petroleum production Kyodo News International Sat, 04 May 2013 01:00:33 +0000 Kyodo News International 5830775 at http://www.globalpost.com