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Algeria’s In Amenas Gas Plant Returning to Normal after Attack

September 01, 2014 By: RigZone Category: O&G News

Normal operations resume at a major gas plant in Algeria, 18 months after a raid by Islamist militants killed 40 employees.

Sources: UK North Sea Buzzard Oilfield Shuts Again

September 01, 2014 By: RigZone Category: O&G News

The UK's Buzzard oilfield stops production again after returning from maintenance last week.

Russia’s Putin Orders Gazprom to Start Gas Pipeline Construction to China

September 01, 2014 By: RigZone Category: O&G News

President Putin orders the start of construction of Gazprom's 'Power of Siberia' pipeline to China.

Internet of Things Technologies Could Transform Oil, Gas Industry

September 01, 2014 By: RigZone Category: O&G News

Internet of Things solutions could transform how the oil and gas industry focuses on safety, efficiency and maintaining operations as the Great Crew Change occurs.

Blue Water Energy, Blackstone and GIC Invest $500M in Siccar Point Energy

September 01, 2014 By: RigZone Category: O&G News

Blue Water Energy, Blackstone Energy Partners and Singapore's sovereign fund GIC invest $500 million in new North Sea-focused exploration and production company Siccar Point Energy.

Floating Production Sector Stays Healthy, FLNG Generates More Interest

September 01, 2014 By: RigZone Category: O&G News

Global demand for floating production systems remains strong as some industry participants are showing greater interest in floating liquefied natural gas units.

ONGC to Invest $863M on Daman Development Project in Arabian Sea

September 01, 2014 By: RigZone Category: O&G News

Oil and Natural Gas Corporation will invest $863.2 million on the Daman Development project to boost gas and condensate production at Tapti Daman block in the Arabian Sea.

UH Takes Subsea Program to New Heights

September 01, 2014 By: RigZone Category: O&G News

Dr. Matt Franchek discusses the University of Houston's Global Subsea University Alliance.

KOGAS Says Starts Commercial Crude Oil Production in Iraq’s Badra

September 01, 2014 By: RigZone Category: O&G News

Korea Gas Corp starts commercial crude production in Iraq's Badra oilfield as planned, the state-run South Korean company says.

Sino G&E Secures $50M Debt Facility for its Ordos Basin Gas Projects

September 01, 2014 By: RigZone Category: O&G News

Sino Gas & Energy secures $50 million debt facility from Macquarie Bank to fund its Ordos Basin gas projects in China's Shanxi province.

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  • Oilfield Facts

    “After the collapse of the OPEC-administered pricing system in 1985, and a short lived experiment with netback pricing, oil-exporting countries adopted a market-linked pricing mechanism. First adopted by PEMEX in 1986, market-linked pricing was widely accepted, and by 1988 became and still is the main method for pricing crude oil in international trade. The current reference, or pricing markers, are Brent, WTI, and Dubai/Oman.”
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