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IFC signs financing agreement to assist Argentinian producer

Aug 4, 2015

The International Finance Corp. signed a $520-million financing agreement with Pan American Energy to help the Buenos Aries oil and gas producer develop its resources to help meet Argentina’s rising energy needs.

Mahawar named ONGC director, onshore

Aug 4, 2015

Ved Prakash Mahawar has been named director, onshore, of Oil & Natural Gas Corp. In his new role, Mahawar will oversee all onshore operations.

Sharma named ONGC Videsh director, exploration

Aug 4, 2015

Sudhir Sharma has been named director, exploration, of ONGC Videsh Ltd. Most recently, Sharma served as the company’s country manager and legal representative for the firm’s Colombia operations.

MARKET WATCH: NYMEX oil drops below $46/bbl, Brent below $50/bbl

Aug 4, 2015

The light, sweet crude oil price for September delivery dropped $1.95 Aug. 3 to settle at well below $46/bbl while the Brent crude oil price for September delivery fell more than $2 to settle at below $50/bbl. Analysts partially blamed plummeting crude oil on slowing China manufacturing.

US LNG export prospects are uncertain, Brookings analyst says

Aug 4, 2015

US LNG export projects face an uncertain future despite continued discoveries and production growth, a Brookings Institution analyst said. “More liquefaction capacity may be coming than markets can absorb,” warned Tim Boersma, acting director of Brookings’s Energy Security and Climate Initiative.

Rangeland forms new midstream partnership

Aug 4, 2015

Rangeland Energy, Sugar Land, Tex., has received a $300 million equity commitment from EnCap Flatrock Midstream and formed Rangeland Energy III LLC “to pursue new midstream opportunities in resource plays across North America.”

Clean Power Plan ignores gas’s potential role, industry groups say

Aug 3, 2015

The Obama administration’s final rule to curb US power plants’ greenhouse gas emissions did not acknowledge natural gas’s potential contributions, officials from two national oil and gas associations initially said in separate statements following the regulation’s Aug. 3 release.

KRG to tap oil sales to pay companies

Aug 3, 2015

The Kurdistan Regional Government (KRG) said it will allocate to international oil companies working in the Kurdish region of Iraq some of the revenue it receives from direct crude oil sales at Ceyhan, Turkey.


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Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...
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