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China's Sinopec Oilfield seeks growth in overseas and gas drilling to offset oil work plunge

2016-04-01 05:27:29| Oil & Gas - Topix.net

Sinopec Oilfield Service, whose biggest customer is China's second largest oil and gas producer Sinopec - has turned its focus to the overseas market and domestic natural gas projects for growth, as low oil prices cut domestic oil drilling work volumes and saw it post a loss last year. The drilling and construction services arm of state-owned China Petrochemical - parent of listed Sinopec - is aiming for overseas business to contribute up to 35 per cent of its revenues by 2020, up from 23 per cent last year.

Tags: work growth gas oil

 

Israel's Leviathan gas deal: not out of the woods yet

2016-04-01 01:00:00| Offshore Technology

In August 2015, after almost five years of negotiation, the Israeli Government announced it had reached a deal with a US-Israeli consortium to develop the Leviathan gas field, 80 miles off the coast of Israel. Since the deal was signed, the governmen

Tags: the yet deal gas

 
 

BP and CNPC sign contract for shale gas development in China

2016-04-01 01:00:00| Hydrocarbons Technology

BP and China National Petroleum (CNPC) have signed a contract for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, China.

Tags: in sign development china

 

PACC secures contract to support oil and gas production activities in Campos Basin, Brazil

2016-04-01 01:00:00| Offshore Technology

PACC Offshore Services has secured a one-year contract to support the oil and gas production activities of an undisclosed client in the Campos Basin, Brazil, using its semisubmersible accommodation vessel, POSH Xanadu (SSAV).

Tags: support activities production contract

 

EPA aims to cut methane leaks from natural gas companies

2016-03-31 15:08:02| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: The Obama administration on Wednesday announced a new partnership with 41 energy companies that have agreed to voluntarily reduce methane emissions from natural gas operations to help combat climate change. The Environmental Protection Agency unveiled the Natural Gas STAR Methane Challenge Program at this week's Global Methane Forum held in Washington. Methane is a potent greenhouse gas, capable of trapping 25 times more heat in the atmosphere than an equivalent amount of carbon dioxide. EPA Administrator...

Tags: companies natural cut gas

 

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