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Standard & Poor's, Moody's reduce Eni's rating

Posted: March 25, 2016 at 2:18 pm   /   Oil & Gas

Rating agency Standard & Poor’s lowered Eni’s long-term corporate credit rating to ‘BBB+’, outlook Stable, from ‘A-‘ with CreditWatch with negative implications. Standard & Poor’s confirmed the ‘A-2’ short term credit rating. The rating action […]

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Video: The LNG chain (Total)

Posted: March 25, 2016 at 2:00 pm   /   Oil & Gas

Natural gas produced by a well can either be transported on land via pipeline or shipped on board specially designed vessels after being liquefied at a temperature of -160°C. After arriving at its destination, the […]

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Egyptian Oil Ministry refutes reports on BG suspending development projects

Posted: March 24, 2016 at 2:31 pm   /   Oil & Gas

BG Egypt, a subsidiary of BG Group, a UK company recently taken over by Shell, has reportedly stopped work on some Mediterranean Sea projects, offshore Egypt. According to a Reuters report on Tuesday, which cited […]

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Halliburton introduces Spectrum Real-Time Coiled Tubing Services

Posted: March 23, 2016 at 5:13 pm   /   Oil & Gas

Halliburton’s Production Solutions business line has introduced Spectrum Real-Time Coiled Tubing Services. This suite of services is designed to deliver more accurate, more complete downhole measurements. Spectrum Real-Time Coiled Tubing Services comprises two complementary offerings: […]

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Bloomberg: HSBC said to take loss on Petroceltic loan as pain hits

Posted: March 23, 2016 at 12:34 pm   /   Oil & Gas

Banks said to sell Petroceltic loans for about 70% discount. European banks facing losses on loans to E&P energy companies. HSBC Holdings Plc is discovering the oil crash extends far beyond the deserts of the […]

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The SPE EOR Conference at OGWA opened at Public Authority for Civil Aviation (PACA) in Sultanate of Oman

Posted: March 23, 2016 at 12:14 pm   /   Oil & Gas

His Excellency Dr. Mohammed bin Hamad Al Rumhy, Minister of Oil and Gas of the Sultanate of Oman spoke at Keynote Session on opening day. The fifth edition of the SPE EOR Conference at OGWA […]

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Video: Eni 2016-2019 Strategy Presentation – Press Conference

Posted: March 22, 2016 at 10:59 pm   /   Oil & Gas

Eni’s top management answer questions from the financial community. (Source: Eni)

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Video: Eni 2016-2019 Strategy Presentation and Q&A

Posted: March 22, 2016 at 10:57 pm   /   Oil & Gas

Presentation of the company’s strategic plan for the 2016-2019 period to the financial community. (Source: Eni)

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BG demands Egyptian government to raise gas price to $7 per million BTUs

Posted: March 22, 2016 at 10:51 pm   /   Oil & Gas

After stopping 9B stage, BG asks government to raise the price of gas to $7 or pay $1bn immediately. BG, a subsidiary of Royal Dutch Shell, is negotiating with Egyptian General Petroleum Corporation (EGPC) to […]

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BG Egypt suspends some development wells over price dispute – source

Posted: March 22, 2016 at 10:40 pm   /   Oil & Gas

BG Egypt has suspended work at some Egyptian development projects after it failed to agree with the government on the price of gas, an Egyptian General Petroleum Corp (EGPC) official told Reuters on Tuesday. “BG […]

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