MOSCOW, Dec 12 (Reuters) - Russia's government has set a target of winning between 15 and 20 percent of the global buy Wellhead market for liquefied natural gas (LNG), Leonid Mikhelson, the chief executive officer of Russian gas major Novatek, said on Tuesday.
DAMMAM, Saudi Arabia, Dec 12 (Reuters) - Saudi Aramco plans to raise its spending to $414 billion over the next 10 years, including on infrastructure and drilling, as the state oil giant moves into new businesses, executives said.
(Bloomberg) -- Fears subsided that a hairline crack in one of the world’s most important oil pipelines would cause a major supply disruption, stopping a crude rally in its tracks.
LONDON, Dec 12 (Reuters) - Scotland's 200,000 barrel per day (bpd) Grangemouth oil refinery has enough crude to keep running even as the Forties pipeline that supplies it will be shut for weeks, a spokesman for operator INEOS said on Tuesday.
DNO ASA has announced that oil rig flanges gulf coast production from the Peshkabir field in the Kurdistan Region of Iraq’s Tawke license has tripled to 15,000 barrels of oil per day (bopd), following completion of the Peshkabir-3 well testing, stimulation and clean-up program.
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BAGHDAD, Dec 11 (Reuters) - Iraq's Oil Ministry has added a new processing unit to the Kirkuk oil refinery, increasing the plant’s capacity to 56,000 barrels per day, the ministry said in a statement on Monday.
(Bloomberg) -- Brent crude jumped to its highest since June 2015 as a key North Sea pipeline shut down.
The Forties Pipeline System, one of the most important oil conduits in the world, is to be fully halted after a crack was discovered, the link’s operator Ineos said.
Dec 11 (Reuters) - Oil and gas producer Oasis Petroleum Inc said it would buy more acreage in the Delaware Basin from privately-held Forge Energy LLC for about $946 million in cash and stock, boosting its presence in the top U.S.
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