Russia has finally resumed gas supplies to Ukraine after a six-month stoppage caused by a dispute over prices and unpaid debts, Ukrainian gas transport monopoly Ukrtransgaz was reported as saying on Tuesday. A Ukrtransgaz spokesman Maxim Belyavsky was quoted as saying by Reuters “Ukraine has started receiving Russian gas”, adding [...]

Statoil has applied to the authorities to drill a wildcat near its under-development Aasta Hansteen gas field in the Norwegian Sea as it pursues more resources to shore up the project’s economics. The state-owned player intends to drill the 6706/12-2 well at the Snefrid North prospect, one of several identified [...]

Australia-listed Key Petroleum has encountered oil shows at its well in EP437 at the onshore Perth basin in Australia. The Dunnart-2 probe has found 5 metres of good quality reservoir sands inside the well. Preliminary interpretations of the wireline logging indicated this reservoir at the top of the Bookara sequence, [...]

US independent ConocoPhillips is shipping a cargo of Alaska North Slope crude to Asia, making rare use of a Bill Clinton-era exemption to US oil export restrictions, according to a report. ConocoPhillips, Alaska's largest oil producer, will deliver the cargo to Asia in the fourth quarter, Bloomberg reported, citing data [...]

Singapore's Pavilion Energy is to buy 400,000 tonnes per annum of liquefied natural gas from BP for 20 years starting in 2019 for an undisclosed sum. The UK supermajor will supply the volumes from its equity stakes in Freeport LNG in the US and from its global portfolio that includes [...]

Norwegian player Aibel has been awarded a Nkr 320 million ($296 million) contract by Statoil for work at the Kalsto Robustness project in Norway. Gassco, the operator of the project, announced Aibel received the contract for the upgrade of the gas pipeline landfall at Kalsto which covers engineering, procurement, removal [...]

Australia’s Downer EDI has nabbed a contract for the US$54 billion Chevron-operated Gorgon project off the coast of Western Australia. The company will carry out a number of jobs under the contract, which is worth about US$170 million. Work will be carried out over the next 12 months, with options [...]

Ghana's delayed project to supply gas from its offshore Jubilee oil field will start production by the end of the year, President John Mahama said on Tuesday on a visit to the site according to a report. The $850 million project was supposed to have opened in December but stalled [...]

Aker Solutions has decided to spin out its geophysical division into new entity Akastor to be created in a split of the Norwegian contractor’s business at the end of this month. The Aker Geo unit, which employs about 65 staff and provides geophysical interpretation and reservoir modelling services, was deemed [...]

London-based Greka Drilling has begun mobilising rigs to Essar Oil in a $65 million contract for 100 wells to be drilled at the Raniganj East block in West Bengal. Five rigs have been moved from the company’s fleet in China to India, and are now being prepared for drilling at [...]

China’s leading oil and gas producer PetroChina posted a 15% rise in its second-quarter profit, matching estimates, partly due to higher upstream earnings and improved refining margins. Net profit rose to 33.9 billion yuan ($5.5 billion) in the period  from 29.5 billion yuan a year earlier, according to Reuters calculations [...]

Australia-listed WDS has been awarded two contracts for major liquefied natural gas projects in Queensland worth A$65 million (US$60.7 million). The major services player has won a contract with Santos for the Gladstone LNG (GLNG) contract and Arrow Energy for the upstream segment of the Australia-Pacific LNG project. WDS won [...]