• Mining giant BHP Billiton plans to withdraw from nearly all of its oil and gas exploration projects in India, reportedly due to regulatory delays.
• Reliance Industries signs a joint study agreement with petroleos de Venezuela.
• Air Products wins Bharat Petroleum supply contract for hydrogen and other gases.
• Indian State Oil PSU’s IOC/HPCL/BPCL slashes base oil prices across the board in range of Rs 0.40 – 1.80/liter on basic price.
• India CFR prices of SN 500 price up by 3% in October 2013 as compared to previous month price.
• Indian State oil PSU’s IOC/HPCL/BPCL Group I & II Base Oil prices marked down effective Oct 1 as Rupee appreciates
• India aims to cut Iran oil imports by 15 percent.
• Indian sugar steady; mills under pressure to cut prices.
• Cairn (India) Ltd will ramp up its gross production from Indian hydrocarbon concessions to 225,000 barrels per day in the current fiscal year, the company’s commercial head has said here.
Month: November 2013
Pakistan Oil and Gas Market Update Nov, 2013
• Pakistan currently produces about 4.2 billion cubic feet of gas and about 70,000 barrels of oil per day.
• Natural gas production in Pakistan has been in a state of stagnation.
• The Oil and Gas Development Company Ltd (OGDCL) and MOL Pakistan have signed a Memorandum of Understanding.
Europe and UK Oil and Gas Market Update Nov, 2013
• OMV Acquires Shares in North Sea from Statoil.
• tatoil, OMV Complete NCS, West Of Shetlands Deal.
• Suncor, Shell to Expand Oil-Sands Production in Canada.
• Gazprom Launched Pipeline Construction in Bulgaria.
• Statoil to drill on new North Sea license.
• Nabors agrees to sell Alaska oil service firm – One of the world’s largest land rig operators, Nabors Industries announced that Bristol Bay Native Corporation (BBNC) has signed a definitive agreement with Nabors Alaska Services Corp. to acquire a 100 per cent ownership interest in Peak Oilfield Service Company LLC.
• Bongkot North Phase 3K development starts offshore Thailand
Canada Oil and Gas Market Update Nov, 2013
• HALIFAX – An energy company has been granted permits to drill two tests wells for natural gas in Nova Scotia.
• Technip, Shell Cansolv tie-up expands CCS operations – Technip and Shell Cansolv, a subsidiary of Shell, have signed an agreement to leverage their respective expertise in marketing an end-to-end solution for Carbon Capture and Sequestration (CCS) projects.
• Enbridge to Develop $1.6 Billion Wood Buffalo Extension Pipeline for Fort Hills and Suncor.
United States Oil and Gas Market Update Nov, 2013
• Pars Oil & Gas Company announces top Iranian diplomat hopes to expand crude oil exports to Japan.
• il production tanks ordered, and roads are being set for the new lease acquisition at PetroTech Oil and Gas in Nowata, Oklahoma.
• US looks to partner with UAE companies in sub-Saharan Africa.
• Solazyme Enters Textile Lubricants Market With Industry Leader Goulston Technologies.
• Apache GoM divestment takes total to $7bn this year – Apache Corporation announced the completion of a previously announced sale of its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC, a portfolio company of Riverstone Holdings, for US$3.75 billion.
• Clean Energy takes initial step to bring LNG to Florida transportation markets.
Egypt Oil and Gas Market Update Nov, 2013
• Cairo metro to complete phase 2 of third line next year.
• Egypt invites bids for wastewater projects.
• Egypt seeks bidders for residential project – Housing units to be built in New Borg el-Arab city in Egypt.
• Egypt to issue tenders for tight oil in 2014
Iraq Oil and Gas Market Update Nov, 2013
• Emaar launches new project in Iraqi Kurdistan.
• Iraq delays bids for Karbala refinery.
• TAQA gets approval for oilfield in Iraqi Kurdistan – Abu Dhabi’s Taqa has been given the go-ahead by the the Kurdistan Regional Government (KRG) to proceed with the first phase in the development of the Atrush Block in the Kurdistan region of Iraq.
• Base Oil Group I Iranian origin prices marked up marginally
• Base Oil Group I Iranian origin cargoes prices FOB BIK remains steady
• The West Ethylene Pipeline (WEP) is being built to support Iran’s fifth five-year plan to develop petrochemicals complexes. The pipeline will supply feedstock to facilities and comprise 15 segments (listed below), running from and to various petrochemicals plants.
• Kurdistan’s Suleimaniyah light rail project to tender in 2014
Iran Oil and Gas Market Update Nov, 2013
• Iran planning to scrap buyback contracts to attract oil investment.
• Tehran expects to complete third metro line in 2015.
• Iran invites firms to prequalify for dam water supply project – Contractors have until 24 November to submit bids for construction contract.
• Iran and Oman leaders discuss renewed cooperation as countries plan joint gas pipeline.
• Iran hopes for return to European crude markets: NIOC official – Iran hopes to regain its share of European crude markets lost as a result of the European Union’s ban on the import of Iranian oil that came into force in July last year, a senior official from the National Iranian Oil Company said Wednesday.
The comment came amid increasing optimism that US and European sanctions could be lifted in a matter of months if Tehran reaches a deal with the West on its nuclear program.
• Base Oil Group I Iranian origin prices marked up marginally
Bahrain Oil and Gas Market Update Nov, 2013
• Bapco receives project management bids for $9bn Sitra refinery expansion.
• Bahrain growth hits 5.2 per cent – Restoration of production at Bahraini offshore oil field is driving economic growth.
• Bahrain in major bid to boost oil, gas sector.
• Bahrain secures funding for region’s first housing PPP.
• Consultants submit bids for Bahrain transport services
Oman Oil and Gas Market Update Nov, 2013
• Larsen & Toubro bids low for Oman road contract – Contract calls for upgrade of road between BidBid and Sur.
• Gulf Petrochemical Services bids low on Salalah gas loop line project.
• Omanoil showcases turnkey solutions for fuel supply and management at INFRA Oman 2013.
• Carillion Alawi wins Oman hotel construction contract – New Kempinski hotel will be built at the Wave development outside Muscat.
• Contractors invited to bid for Oman substation contract – Work will involve building substation in the South Batinah governorate.
• Oman invites bids for power station upgrade – Work will involve rehabilitating power station in Dhofar governorate.
• Sohar refinery award expected mid-October – Oman Sohar refinery contract expected to go to the lowest bidder.
• Oman seeks bids for $800m road projects – Contractors sought to widen Omani road to four-lane dual carriageway between Adam and Thumrait.
• Al-Futtaim inks deal to build new mall in Oman – New mall will be the largest in Muscat.
• Omanoil showcases turnkey solutions for fuel supply and management at INFRA Oman 2013.
• Oman: Free zone infrastructure works.
• Design, supply, installation and commissioning of a primary and secondary radar system for Salalah airport. Oman tenders for Salalah airport radar system – Deadline set for 9 December.