Hellenic Shipping News Worldwide, Oil & Companies News

U.S. oil no threat to oil sands, but smaller companies vulnerable: S&P

Wed, 19 Jun 2013 10:00:15 GMT

Canadian oil sands are not threatened by surging U.S. tight oil production, but some smaller companies may struggle to finance

Total finalizes the acquisition of 33,335% interest in the Bokhtar PSC Area in Tajikistan

Wed, 19 Jun 2013 10:00:14 GMT

Total E&P Tajikistan B.V., a subsidiary of Total announces today the finalization of the acquisition of an interest

Cheapest Oil Exploration Target Discovered in Colombia

Wed, 19 Jun 2013 10:00:13 GMT

Petrominerales Ltd. (PMG)’s debt load and 50 percent stock drop has created a bargain for energy companies looking to acquire assets

Iraq targets 4.5 million b/d in 2014 but KRG crude excluded: officials

Wed, 19 Jun 2013 10:00:12 GMT

Iraq is targeting 4.5 million b/d of crude production next year under its national energy strategy, released last week, but officials

Sinopec looks north for oil

Wed, 19 Jun 2013 10:00:11 GMT

China is increasing its presence in the resource-rich Arctic, with its second-largest domestic oil company acknowledging ongoing involvement in oil exploration and

Afren boosts nation’s oil production with 42,000bpd

Wed, 19 Jun 2013 10:00:10 GMT

An oil producing firm in Nigeria, Afren Plc, has increased production capacity of the country’s daily production by 42,000 barrels

Platts Survey of Analysts’ EIA/API Estimates Suggests a 1 Million-Barrel Draw in U.S. Crude Oil Stocks

Wed, 19 Jun 2013 00:00:07 GMT

U.S. commercial crude oil stocks are expected to have declined 1 million barrels for the reporting

As U.S. production soars, oil companies eye far horizons

Wed, 19 Jun 2013 00:00:06 GMT

Even as much attention focuses on the Gulf of Mexico and U.S. onshore production from shale plays, new frontiers for exploration are

Global oil prices unlikely to fall below $100/b until 2025: Lukoil

Wed, 19 Jun 2013 00:00:05 GMT

Global oil prices are unlikely to drop below $100/b until 2025, supported by OPEC's market management efforts and crude demand growth

Bolivia's state oil firm to invest $151m on oil exploration

Wed, 19 Jun 2013 00:00:00 GMT

Bolivia's state-owned oil company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) plans to invest $151 million by

Indonesia plans to announce oil price hike this week: official

Wed, 19 Jun 2013 00:00:00 GMT

The Indonesian government plans to announce oil prices hike this week after the parliament gave an approval

Pertamina signs MOU with PNG state oil company

Wed, 19 Jun 2013 00:00:00 GMT

State-owned oil and gas company PT Pertamina and Papua New Guinea’s National Petroleum Company of PNG

Light sour Middle East crudes pressured as heavier grades find support

Wed, 19 Jun 2013 00:00:00 GMT

The spot Middle Eastern crude oil market has split, with medium heavy grades finding support while

Total Buys New Oil Interest in Iraq's Kurdistan

Wed, 19 Jun 2013 00:00:00 GMT

Total SA has bought the majority stake in an oil exploration block in Kurdistan, in a move that will further

Iran rejects selling cheap oil to India

Tue, 18 Jun 2013 16:30:05 GMT

Iran OPEC governor Mohammad-Ali Khatibi has rejected recent news about selling oil at discount prices to India, ILNA reported. Some psychological

Gazprom keeps developing its own GTL technology

Tue, 18 Jun 2013 16:30:04 GMT

The Gazprom Management Committee took notice of the research being done by the Company to develop a gas-to-liquids (GTL) technology.

Polish LNG terminal 'to overcome delays'

Tue, 18 Jun 2013 16:30:03 GMT

Poland has sped up work on a terminal for liquefied natural gas (LNG) as it aims for a 2015 start date for receiving shipments from suppliers such as

Oil prices fall toward $97 before US Fed meeting

Tue, 18 Jun 2013 13:30:07 GMT

The price of U.S. benchmark oil fell slightly Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal

Hedge Funds Cut Brent Crude Net-Longs From Three-Month High

Tue, 18 Jun 2013 13:30:06 GMT

Hedge funds and other money managers cut bullish bets on Brent crude from a three-month high, the first reduction in seven weeks,

India keen on getting more Iraq oil

Tue, 18 Jun 2013 13:30:05 GMT

India is keen to boost its energy ties with Iraq when External Affairs Minister Salman Khurshid is set to tour the West Asian country from Wednesday, the first such high

Australia to boost offshore oil exploration

Tue, 18 Jun 2013 13:30:04 GMT

Australia has announced the grant of 13 new offshore petroleum exploration permits as part of round one of the 2012 Offshore Petroleum Exploration

Russia’s Oil Duty Set to Increase 2.8% in July After Urals Rose

Tue, 18 Jun 2013 10:00:07 GMT

Russia, the world’s biggest energy exporter, will probably boost duties on most oil shipments abroad by 2.8 percent on July 1

Brightoil Petroleum Makes Significant Progress for Oil Storage Facilities on Waidiao Island, Zhoushan

Tue, 18 Jun 2013 10:00:06 GMT

Brightoil Petroleum (Holdings) Limited announced that its wholly owned subsidiary, Brightoil

Middle East leads global crude oil and condensate production; growth in North America

Tue, 18 Jun 2013 00:00:07 GMT

Growth in North American crude oil production (including lease condensate) contributed to record

$100 a Barrel for US Oil Looms Again

Tue, 18 Jun 2013 00:00:06 GMT

Oil prices could consolidate around current levels this week, supported by expectations that the Federal Reserve won't slow its bond-buying program, according

Barclays Sees Brent Crude Capped at $107.60

Tue, 18 Jun 2013 00:00:05 GMT

Brent crude’s two-week rally may halt at about $107.60 a barrel as futures reach the top of an upward-sloping trading channel, according to

Indian firms to ink production-sharing contract with Iran

Tue, 18 Jun 2013 00:00:00 GMT

In what could be a new chapter in India’s relationship with Iran, local firms may take up Iran’s offer of a

Expert agrees human error causes up to 96% of incidents in oil and gas sector

Tue, 18 Jun 2013 00:00:00 GMT

Technological improvements and human capital come under the spotlight at the 9th Annual HSE Forum in

WTI-Brent spread may widen in second half 2013: Morgan Stanley

Tue, 18 Jun 2013 00:00:00 GMT

Morgan Stanley said the spread between West Texas Intermediate (WTI) and Brent crude will likely widen in

State May Keep Rosneft in New Privatization Plan – Paper

Tue, 18 Jun 2013 00:00:00 GMT

National oil giant Rosneft may remain under state control under a new privatization plan prepared by the

Clashes halt crude output in SW Colombia

Tue, 18 Jun 2013 00:00:00 GMT

Colombia's state-run oil company Ecopetrol suspended crude production in oil-rich southwest Catatumbo, a

Sudan: China Steps in to Seek Solution to Sudan's Oil Shutdown Crisis

Tue, 18 Jun 2013 00:00:00 GMT

The Chinese special envoy to Africa Zhong Jianhua held talks in Khartoum yesterday with the oil minister Awad

Companies await permits for Alaska Arctic seismic exploration

Tue, 18 Jun 2013 00:00:00 GMT

As Arctic ice quickly succumbs to summer sun, several major energy companies are eagerly awaiting the

Indian refiners in a crude spot

Mon, 17 Jun 2013 16:30:02 GMT

West Asia today resembles a giant construction yard. Sprawling multi-billion dollar refineries and

Oil rises above $98 ahead of Fed meeting

Mon, 17 Jun 2013 11:24:48 GMT

Oil prices rose Monday ahead of a critical meeting of U.S. central bank policymakers later in the week. Benchmark oil for July delivery rose 28 cents to $98.14 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract for July delivery rose $1.16 to close at $97.85 a barrel on the Nymex amid concerns about a possible escalation in Syria's civ...

BP’s annual report ranks Iran as world’s number one gas reserves holder

Mon, 17 Jun 2013 11:20:51 GMT

BP, the UK-based energy giant, has slashed its global natural gas reserves estimate for the first time in

Oil company Total to add 160,000 barrels of oil per day to Angola’s production

Mon, 17 Jun 2013 11:19:02 GMT

Production of oil group Total in Angola, which stands at 600,000 barrels per day, will be increased in 2014 when

Iran to up gasoline output by 6 million liters per day: Deputy oil minister

Mon, 17 Jun 2013 11:17:55 GMT

Iranian Deputy Oil Minister Alireza Zeighami says the country’s gasoline output will increase by a maximum

Protests shut down Abu Attifel output

Mon, 17 Jun 2013 11:14:21 GMT

Workers at Libya's Abu Attifel oilfield, a joint venture with Italy's Eni, have shut down production in protest

Refining spike may interrupt the oversupply run, warns IEA

Mon, 17 Jun 2013 10:00:08 GMT

Could the current run of market over-supply and oil price weakness be shortly reversed by a large spike in global refining runs? The

Saudi Arabia remains key to oil prices, despite U.S. production surge

Mon, 17 Jun 2013 10:00:07 GMT

While U.S. oil production has increased sharply in the last five years, crude from Saudi Arabia still influences global prices and will

China eyes higher petchem margins with cheaper US propane

Mon, 17 Jun 2013 10:00:06 GMT

Four Chinese petrochemical companies have concluded term contracts to buy 8.27 million mt of propane from the US over 2013-2020 to

U.S. oil output at 10 million barrels a day by 2040 in EIA best-case scenario

Mon, 17 Jun 2013 00:00:07 GMT

Projected crude oil production in the United States ranges from 6 to 8 million barrels per day (bbl/d) over the next 30 years

US crude 'could hit $100' next week

Mon, 17 Jun 2013 00:00:05 GMT

US crude oil prices may rally as high as $100 a barrel as early as Monday after surging through a downward trendline that has been building for four

Sultanate revenues rise 2.5% on firm oil income

Mon, 17 Jun 2013 00:00:00 GMT

The Sultanate’s revenues rose by 2.5 per cent during the period ended April 30, 2013, to 4.72 billion rials

Global proven oil reserves to maintain output for 53 years

Mon, 17 Jun 2013 00:00:00 GMT

Oil major BP cut its global natural gas reserves estimate for the first time in decades, revising Russia's still

Fracking beneath southern England's rolling hills: Kemp

Mon, 17 Jun 2013 00:00:00 GMT

Britain has had small but significant onshore oil and gas production for over 60 years. Ironically, most of the

South Sudan oil continues flowing despite dispute with Khartoum

Mon, 17 Jun 2013 00:00:00 GMT

South Sudan says that its oil crude continues to flow to international markets through Sudanese territory

Take steps to explore new oil, gas fields: Jayalalithaa

Mon, 17 Jun 2013 00:00:00 GMT

Instead of resorting to frequent hikes in petroleum prices, the Centre should take steps to explore new oil and

US oil boom means oil prices must drop, right? Wrong.

Mon, 17 Jun 2013 00:00:00 GMT

The U.S. is experiencing a boom in the production of oil. Only since the beginning of 2011, oil production in