Petro News

DNV GL proposes wind powered water injection EOR

by Arabian Oil & Gas Staff via

DNV GL is proposing a new concept that combines mature water injection technology with the newest developments in offshore wind power to achieve more cost effective Enhanced Oil Recovery (EOR)….

Petro News

Fluor wins EPC contract from Dow for RO facility

by Arabian Oil & Gas Staff via

The Dow Chemical Company has awarded Fluor Corporation the engineering, procurement and construction (EPC) contract for its Reverse Osmosis (RO) manufacturing facility in the Kingdom of Saudi Arabia. Located in…

Petro News

Egypt pays $350mn to BG Group

by Slavka Atanasova via

The Egyptian government has paid BG Group US$350mn in arrears for natural gas deliveries as part of a deal it reached in the summer to pay off all its outstanding…

Petro News

Gulf Marine Wins 4-Year Vessel Contract

by Rigzone Staff via

Energy industry ship provider Gulf Marine Services announced Wednesday a new four-year contract for one of its large-class vessels. Gulf Marine, which provides the energy industry with advanced self-propelled self-elevating…

Petro News

Japan Stocks Fall as Oil Drops, Fed Cites Global Risks

by Anna Kitanaka and Toshiro Hasegawa via

(Bloomberg) — Japanese stocks fell from a seven-week high after oil slumped below $45 a barrel and the Federal Reserve cited international risks to the U.S. economy. Skymark Airlines Inc.,…

Petro News

Oil Will Recover Once Producers Quit Spending Money, Hamm Says

by Harry Weber via

(Bloomberg) — Oil prices will recover as early as the first half of this year as producers cut back, Continental Resources Inc. founder and CEO Harold Hamm said Wednesday. Hamm…

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