GlobalData, a leading research and consulting firm, predicts that Russia will bring on-stream 29 new oil and natural gas projects by 2025. The company’s latest report states that, among operators, Gazprom is expected to lead with six planned natural gas projects. The other major operators in the Former Soviet Union are Surgutneftegas with five projects…
The American Environmental Protection Agency (EPA) is under duress by President Donald Trump’s administration. He nominee to head the agency, Scott Pruitt, has sent waves of fear because he has publicly said the EPA should be abolished. Pruitt is also concerned about an increasingly bitter and rancorous practice in how the EPA reports the biofuel…
For the first time in years, China’s national oil companies (NOCs) are presumed to boost spending in 2017. CNOOC Ltd. announced it had allocated $10 billion (U.S.) to produce 450—460 barrels/day. PetroChina Co. and Sinopec Corp. are both expected to do the same, although their focus will be on natural gas exploration and production. “The…
The much-feared border-adjusted corporate tax (BTA), championed by the Republicans in U.S. House of Representatives, could thrust the benchmark West Texas Intermediate (WTI) price higher than North Sea Brent, predicts the ubiquitous analysts at Goldman Sachs. The BTA has been designed to improve the competitiveness and profitability of American manufacturers by taxing imports, while exempting…
Trelleborg’s offshore operation will showcase its innovative range of high performance subsea solutions designed to bridge the gap between cost and performance at the Atlantic Canada Petroleum Show (ACPS) in St. John’s in Newfoundland including buoyancy solutions, cable and flowline protection, and thermal insulation solutions. The company aims to highlight some of the ways in…
Crew Energy Inc. (TSX:CR) has been informed by the Alliance Pipeline Limited Partnership that it has detected slope movement near its pipeline system near the Wapiti River, approximately 25 km southwest of Grande Prairie. Alliance plans to expose the affected section of pipe to conduct the necessary inspections subject to regulatory requirements. To accommodate this work, Alliance…
