Eland Oil & Gas is beginning to reap the rewards of its second field in Nigeria’s Oil Mining Licence (OML) 40 starting up, allowing it to move into exploration plans.
A truck packed with experts ready to dish out export advice to energy sector businesses starts its tour in Glasgow today.
Scottish goods exports have risen by nearly a fifth, with oil and gas the fastest rising, according to new figures.
The U.S. could become a net exporter of natural gas in 2018 for the first time since 1957, thanks to increased natural gas exports to Mexico, LNG exports to at least 20 countries and less gas flowing into the country from Canada, according to the U.S. Department of Energy.
The National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country.
Pemex said crude oil exports rose nearly 22% in September compared to the same month last year.
Crude imports from Iran to South Korea have jumped nearly 115% since last month compared with a month earlier, new figures show.
Five north of Scotland private businesses are among the Top 200 UK firms for international sales growth. Westhill-based catering firm Entier was the best placed of those five, jumping 40 places to 43rd. It is the third consecutive year Entier has made it onto the HSBC International Track 200 league table, which was published yesterday.
Iran said it expects to raise its oil exports this month to around 1.65million barrels per day on the back of higher crude shipments to Europe.
Aberdeen entrepreneurs need to show a sense of urgency and passion if they want to make exporting work for their companies, local businessmen said yesterday. Peter Moon, an account manager at oil and gas software firm Tracker, which has only been in the export market for a year, said he wished the firm had gotten in on the act earlier. Mr Moon, whose company is targeting Middle Eastern clients, said: “We’ve taken a target-driven approach to exporting. Exporting seems a long way off to some people. You can make a two to three year programme but if you think like that, then in two years you will still just be talking about exporting.
Oil and gas companies can help secure a bright future for the north-east by making better use of its “world-beating” supply chain, Energy Minister Fergus Ewing said yesterday. Mr Ewing co-chairs the Oil and Gas Industry Leadership Group (ILG), which is targeting total sales from the domestic supply chain of £30billion by 2020, despite the oil price collapse. But he said operators were guilty of squandering talent which is right under their noses.
Enterprise Products Partners has won its first contract to export US crude, days after the US congress lifted a 40 year old ban on oil exports.
The Prime Minister of Ukraine has called for the European Union to block the Nord Steam II gas pipeline project, according to reports. The leader said it would hurt his country and also potentially provide Russia with more of a monopoly over gas supplies in the region.
President Muhammadu Buhari’s decision to control Nigeria’s oil industry emphasises the significance that the sector has for the country.
The Russian government has acknowledged that the country will fall into recession next year, battered by the combination of Western sanctions and a plunge in the price of its oil exports. The news caused the stock market to drop and pushed the ruble to a fresh record low against the dollar. The economic development ministry today revised its GDP forecast for 2015 from growth of 1.2% to a drop of 0.8%. Russian households are expected to take hit, with disposable income seen declining by 2.8% against the previously expected 0.4% growth.