Business news

In order to ease the supply of gas in Kenya, a natural gas pipeline between Tanzania and Kenya is being planned.

San Leon has announced the successful completion of its first shale gas exploration well in the Baltic Basin. The Talisman Energy operated Lewino 1G-2 well, on the Gdansk W Concession in Poland, has been drilled to 3600 m.

Statoil and Centrica have entered into a long term gas sales agreement for the delivery of 5 billion m3/yr from 2015 to 2025 to the UK market.

Abu Dhabi Crude Oil Pipeline (ADCOP) project, which will bypass the Strait of Hormuz is nearly complete with first oil to flow before the end of the year.

Plans for TransCanada Corp.’s Cushing MarketLink crude oil pipeline are still underway, whilst the 800 000 bpd newbuild Wrangler pipeline is under evaluation following the reversal decision.

A £47.5 billion business opportunity is opening up for companies in decommissioning the North Sea’s huge infrastructure of offshore oil and gas fields according to new research to be published by Deloitte and Douglas-Westwood.

QGC Pty Limited, developer of the Queensland Curtis LNG Project, has awarded a A$19.5 million contract to Australian firm Transfield Services for gas field work in the Surat Basin of Queensland.

American Petroleum Institute has launched a campaign against punitive taxes on the industry.

A new national US poll shows strong support for Canadian oil supply.

Protesters are said to have scaled a drilling rig at Cuadrilla resource’s Bank site to protest at the shale gas exploration in the area.

OAO Gazprom, and of BASF SE have signed a framework agreement which sets out the terms for the planned asset swap to further expand the successful cooperation.

BP’s chief executive Bob Dudley ahs declared that BP has reached a turning point and is now profitable after the last disastrous year that it has been through following the Macondo oil spill.

Fluor Offshore Solutions unit as been awarded a FEED contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for new offshore facilities located at the Nasr Field.

The Clough AMEC joint venture has been awarded a two-year contract extension by ConocoPhillips to provide operations and maintenance services to the Bayu Undan facilities located in the Timor Sea. The contract extension has an estimated value of AU$100 million.

Proposals previously blocked by environmental groups have gained traction as planned Ohio diesel and jet fuel refinery switches from coal to natural gas. Also includes a round up of other US refining news.