Energy

Licensing round highlights value of North Sea oil

BPÔÇÖs sale of its TNK-BP stake moves a step closer

Oil giant BP has revealed that it is in “advanced” talks with Russian company Rosneft over the selling of its 50 percent in TNK-BP.

Aggreko powers UAE cement producer

Aggreko has been called in to supply power to Ras Al Khaimah (RAK) for White Cement, one of the Emirate’s leading producers of high quality white cement.

BP continues to divest US assets

Progetti Europa & Global (PEG)

An engineering company that has made a name for itself in the Middle Eastern oil business by playing it straight.

China signs economic deals with Afghanistan

China and Afghanistan have signed a range of economic agreements during a visit to Kabul by one of China’s most senior officials Zhou Yongkang.

CNOOC to acquire Nexen

The shareholders of Canadian upstream oil and gas company Nexen have approved a takeover bid by China’s state-owned CNOOC.

Fresh oil deposits confirmed in Uganda

Uganda has today announced a significant rise in the level of its oil deposits.

US stimulus takes oil prices to four month high

US Federal Reserve announce $40 billion injection a month into the US economy, pushing up oil prices.

Aggreko opens new service centre in Namibia

Temporary power generation and temperature control services provider Aggreko has officially opened its new service centre in Walvis Bay, Namibia.

Saxon Energy Services Inc.

Supply chain director Shaun Anderson talks about implementing the Saxon Management System, lean and six sigma, and a new Oracle ERP platform.

IQS International

Alan Stothard, managing director of IQS International, explains how Huachuang steel reinforced HDPE pipe can deliver significant financial and environmental savings.

OPEC oil output rises in August

Crude oil output from the Organization of Petroleum Exporting Countries (OPEC) climbed by 90,000 barrels per day in August.