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EIA to adopt North Sea Brent crude oil as benchmark US Government energy agency, the Energy Information Administration (EIA) published in its annual energy out look its decision to replace the historical West Texas Intermediate (WTI) crude oil traded on New York Mercantile Exchange by the European Brent listed on the Inter Continental Exchange (ICE). […]

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Effectively produce hydrocarbons from offshore areas Firstly established as Abu Dhabi Marine Areas Limited (ADMA) to explore and produce offshore Abu Dhabi oil and gas,  Abu Dhabi Marine Operating Company (ADMA-OPCO) exported the first tanker of crude from Das Island to Japan in July 1962. Named British tanker, this first export vessel was celebrating the successful […]

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Gazprom and Itochu completed feasibility study November 26th, 2012, Alexey Miller, Chairman of Gazprom hosted a meeting in Moscow with a Japanese delegation led by Japan Ambassador Chikahito Harada about the joint project of liquefied natural gas (LNG) plant in Vladivostok in the outmost Far East of the Russian Federation. In January 2011, Gazprom and Japan Far […]

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Supremus-1 and Trion-1 open Pemex new horizon The Mexican national oil company, Petroleos Mexicanos (Pemex) made two major discoveries in a month in the Perdido Fold Belt deepwater of the Gulf of Mexico. In August 2012, Trion-1, first Pemex’s successful well was drilled only 39 kilometers from the US territorial waters by 2,540 meters deepwater […]

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Jordan qualified 13 contractors for Red Sea oil terminal In May 2012, Jordan  Ministry of Energy and Mineral resources published the call for tender of the Aqaba Oil Terminal. Among the countries having the highest dependency on foreign energy source, Jordan imports 96% of the country’s energy consumption. Jordan holds some natural gas with the […]

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