Petrobras announces new oil discovery in Colombia

Petrobras announces an oil discovery in the Balay exploration block, in Colombia, operated by its subsidiary Petrobras Colombia Limited which holds a 45% working interest. The discovery was made through the drilling of the Balay-1 wild cat well, located onshore, in the Llanos Basin, within the province of Casanare.
Read more…

Petrochemical Project Awards from the 25th of February to the 9th of March

SNC-Lavalin Awarded Contract for Fertilizer Plant in South Africa 09-03-2010
Takreer secures US$9.6 billion Ruwais plant expansion contracts to Samsung, SK and Daewoo Engineering 05-03-2010
GS Engineering and Construction secures US$3.6 billion oil refinery contract in UAE with ADNOC 04-03-2010
Jacobs Receives Contract for Sulfur Recovery Unit From Saudi Aramco 02-03-2010
Kuwait expects approval for US$9 billion China refinery 02-03-2010
STX Heavy secures preliminary deal for US$3.2 billion Iraq petrochemical plant 01-03-2010
KBR Selected to Provide Support Services to Shell’s Chemical plant and its Refining Joint Venture Facilities with PMI Norteamérica 25-02-2010

Join the Linkedin Group for Free Project News or visit www.projectsogp.com for all the latest premier subscription project awards.

China Natural Gas Announces Fourth Quarter and Year End 2009 Financial Results

China Natural Gas, Inc., a leading provider of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi’an, China, today announced its financial results for the fourth quarter and full fiscal year ended December 31, 2009. Read more…

Petrobras releases clarification regarding the BM-S-9

Petrobras, in response to written notice received from Securities and Exchange Commission of Brazil CVM, GEA-2/N 120/2010, wishes to clarify the news published today in the Brazilian Press, titled Petrobras declares a new discovery in the Santos Basin pre-salt  layer. The Company confirms that it notified the ANP (National Agency for Oil, Natural Gas and Biofuels) about the presence of hydrocarbons in the well 1-BRSA-594-SPS, located in the northern part of the BM-S-9 area, developed under the Guará Evaluation Plan.  Read more…

Gas – the most obvious climate measure

A stronger commitment to gas as a source of energy is the fastest, easiest way to reduce global greenhouse gas emissions. This was the clear message delivered by chief executive Helge Lund at the CERAWeek conference in Houston in the U.S. on 10 March.

Read more…

VAALCO Energy Provides Update on Gabon Drilling Program

VAALCO Energy, Inc. is pleased to announce that the contracted rig “Sapphire Driller” is on location at the Ebouri Platform offshore Gabon and will commence drilling the first of four wells today, March 10, 2010. Read more…

Tullow Oil releases 2009 Full year results

Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, announces its results for the year ended 31 December 2009. Read more…

Asia-Pacific Oil and Gas Pros Lead Industry in Workplace Adoption of Social Media

Oil and gas industry professionals in Asia Pacific lead the industry in the use of social media and collaboration tools at work, reports recent Microsoft Corp. and Accenture survey findings unveiled at CERAWeek 2010, with three out of four respondents from that region saying social media tools improve their work performance. Read more…

EDF Energy announces its second cut in residential gas prices in six months

EDF Energy is today announcing (10 March) a further cut in its residential gas prices of 4 per cent. The price reduction will be effective from 26 March 2010. We are the only major supplier to implement two gas price reductions in the last six months. Read more…

Sembcorp Marine’s Jurong Shipyard Secures S$130 Million Pre-FPSO Conversion Contract From Petrobras

Jurong Shipyard Pte Ltd, a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately S$130 million contract Read more…