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Oil & Gas Refining and Marketing

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Galp Energia SGPS SA announces declaration of commercial feasibility for the Iara area, pre-salt Santos basin

Tuesday, 30 Dec 2014 01:56am EST

Galp Energia SGPS SA:Announces that, as partner in the consortium for development of Block BM-S-11, the operator Petroleo Brasileiro SA (Petrobras), has submitted the declaration of commercial feasibility (DoC) for the oil and gas accumulations in the Iara and Entorno de Iara areas.Doc submitted to Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP).In accordance with the Brazilian regulation, the Development Plan submission to ANP of the three accumulations should take place within 180 days from DoC.Galp Energia, through its subsidiary Petrogal Brasil, owns a 10 pct stake in the consortium that explores BM-S-11, which includes Iara area, while Petrobras (operator) holds a 65 pct stake and the BG Group 25 pct.

Goa Carbon Ltd announces commencement of production at Goa Plant

Monday, 29 Dec 2014 02:50am EST

Goa Carbon Ltd:Says operations at the Goa Plant located at St. Jose De Areal Salcete, Goa have commenced from Dec. 28 onwards.

JX Holdings sub-subsidiary acquires mining area

Thursday, 25 Dec 2014 01:00am EST

JX Holdings Inc:Sub-subsidiary JX Nippon Exploration and Production (U.K.) Limited acquired mining area, which is located in central and northern U.K North Sea, in April 2014.

Gazprom neftekhim Salavat OAO begins polystyrene production under import substitution program-Interfax

Wednesday, 10 Dec 2014 05:34am EST

Gazprom neftekhim Salavat OAO:Gazprom Neftekhim Salavat (GNS) has begun producing PSM-E polystyrene for use in making extruded polystyrene heat-insulating tiles, a company representative told Interfax-Interfax.The polystyrene is manufactured under technical standards that enable domestic companies to manufacture expanded polystyrene products, the spokesman said. GNS has not previously manufactured this grade of polystyrene. "."The new polystyrene is being manufactured under the import substitution program. Russian customers previously had to import it," the spokesman said.Production takes place at the Monomer facility, whose two technological lines have total capacity to produce 70 tonnes of the high-impact polystyrene a day.The finished product is polystyrene in transparent, cylindrical granules, which can be reprocessed into products for households, the construction industry and the medical sector.

Petroleo Brasileiro Petrobras SA announces discovery at Colombian Caribbean deep waters in partnership with Ecopetrol SA and Repsol SA

Wednesday, 3 Dec 2014 05:53am EST

Petroleo Brasileiro Petrobras SA:Announces discovery of natural gas accumulation at Orca - 1 exploratory well, in Tayrona Block, at Colombian Caribbean deep waters, 40 km off the coast of La Guajira.Company is the operator and holds 40 percent interest, in partnership with Ecopetrol (30 percent) and Repsol (30 percent).Well drilling ended in Sept., reaching 4,240 meters and 674 meters of water depth.Natural gas accumulation was confirmed at 3,600 meters and represents the first discovery at Colombian Caribbean deep waters.

Exxon Mobil Corp announces final talks with Ivory Coast over two oil blocks-Reuters

Thursday, 20 Nov 2014 07:00pm EST

Exxon Mobil Corp:Announces that Ivory Coast is finalizing production sharing agreements with Exxon Mobil Corp for two ultra-deepwater blocks in the Gulf of Guinea-Reuters.Says that a memorandum of understanding has been signed for the two ultra-deep blocks and negotiations for the production sharing agreements are advanced.

Plains All American Pipeline announces new pipeline from duncan, okla. to longview, texas

Wednesday, 5 Nov 2014 06:15pm EST

Plains All American Pipeline, L.P:Says plans to construct a new 16-inch, 226-mile pipeline originating from the Plains Basin pipeline system at Duncan, Okla. and largely following an existing Plains right-of-way to Longview, Texas.Says pipeline is supported by long-term commitments and is expected to be completed by 2Q 2016.Says new pipeline will also have access to Cushing-sourced crude oil through connections with the Plains Cherokee and Red River pipeline systems.

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