Frontera to become whole owner of Pacific Midstream

October 17, 2017 0

Canadian-based, Latin American-focused oil and gas company Frontera Energy said on Monday it will acquired the 36.36% outstanding share in Pacific Midstream from the International Finance Corporation and other related funds.

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Crude prices rise on Middle East tensions

October 17, 2017 0

Geopolitics tensions in the Middle East continued to support crude futures, with U.S. oil prices nearly rising to a six-month high on Monday following concerns Iraqi and Kurdish forces could ignite in a civil war.

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Petrofac wins Gazprom contract in Kurdistan

October 13, 2017 0

UK’s engineering consultant Petrofac has won a three-year, undisclosed contract with Gazprom Neft to provide engineering services on a call-off basis for the Kurdish onshore Garmian oilfield, Kallanish Energy learns.

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U.S. oil supply to grow by 6% in 2018: OPEC

October 13, 2017 0

Despite a more moderate-than-expected growth, U.S. oil supply is forecast to grow by 6% in 2018, compared to 2017 – an increase only smaller than the 11.16% expected for the Asia Pacific region, OPEC said Wednesday.

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