Winstar Satu Mare SA, a subsidiary of Calgary-based Serinus Energy Inc. (formerly Winstar Resources Ltd.), has let a contract to Confind SRL to build a natural gas processing plant intended to accommodate first production from the Moftinu gas development project on the Satu Mare concession in northwestern Romania’s Pannonian basin, along the borders with Hungary […]

BP PLC has started gas production from Taurus and Libra fields, the first two of five fields in the West Nile Delta development of Egypt. Source: News

Brent crude oil prices for July and August contracts settled above $50/bbl on the London market May 10 while light, sweet crude oil prices for June and July delivery rallied by more than $1/bbl to close above $47/bbl in New York. Source: News

The US Energy Information Administration says recent pipeline additions and expansions should be sufficient to accommodate expected increases in Permian basin crude oil production. It also stated that the combination of new pipeline systems and the December 2015 lifting of export restrictions on US-produced crude will give Permian oil greater access to international markets through […]

Indonesia has filed its long-threatened lawsuit seeking $2 billion in damages associated with the 2009 oil spill in Montara field in the Timor Sea. The civil suit has been filed in a court in Jakarta against Thai company PTTEP and its Australian subsidiary PTTEP Australasia alleging the spill caused environmental damage in Indonesian waters during […]