Archive for 'Oil and gas'

Lukoil started producing crude from Iraq

French

Oman

Enbridge will expand its Sunday Creek Terminal in northern Alberta, including construction of a new site adjacent to the terminal and 350,000-barrel tank, to support production growth from the Christina Lake oil sands project. The $200 million project is expected to be in service by the third quarter of 2015 and will include piping, pumps and measurement equipment for the tank, as well as civil work for a future tank. The existing terminal went into service in August 2011.

A joint venture between Shell and Russia

China National Petroleum Corporation (CNPC) will buy Petrobras’ business in Peru in a $2.6 billion deal that expands China’s footprint in Latin America’s oil patch and will help bolster the Brazilian state-owned company’s balance sheet as it faces mounting financial pressure at home. « We think this is a mutually beneficially deal for cash-strapped Petrobras, which is focusing on commercialising domestic deep-water projects, and for PetroChina, which increases its overseas upstream footprint, »

OPEC

ARMOUR Energy has become the first Australian company to flow gas from shale using the fracking technique that has revolutionised US energy markets. Armour announced it had successfully received continuous gas flows from the well in the Lawn shale formation in north-west Queensland. Armour announced that it was the first successful gas flows in Australia from a horizontal fracked well, which is the drilling technology that has driven the US shale revolution. The boom in shale gas ...