Image - Hanwei Energy Confirms New Canadian Pipe Order of $4.1 M

Hanwei Energy Confirms New Canadian Pipe Order of $4.1 M

Hanwei Energy Services Corp. (TSX:HE) ("Hanwei" or the "Company") today announced that it has been awarded a new $4.1 million order, placed by an existing Canadian client, for the supply of the Company's high pressure, glass reinforced epoxy pipes and fittings. This is the fourth order that the Company has confirmed in its Canada market, which now total approximately $5.3 million of pipe delivered or ordered over the last twelve months. The Ca...

Oil and Gas - Oct 29, 2014


Image - New Significant Oil discovery in the Offshore of Congo

New Significant Oil discovery in the Offshore of Congo

Eni preliminary estimates the potential of Minsala Marine discovery in about 1 billion barrels of oil equivalent in place, of which 80% oil. San Donato Milanese (Milan), 30  October 2014 - Eni has made a new important  oil  discovery in the Minsala  Marine  exploration prospect located in the Marine XII Block offshore Congo at 35  Kilometers from the shoreline and 12 kilometers from the recent Nené Mari...

Oil and Gas - Exploration - Oct 30, 2014


Image - Statoil Surprises With Loss on Write-Down, Low Oil Price

Statoil Surprises With Loss on Write-Down, Low Oil Price

Norwegian oil giant Statoil posted on Wednesday an unexpected third-quarter loss owing to weak oil prices and a charge for depreciated assets. The 67-percent state-owned firm reported a switch into a net loss of 4.7 billion kroner (558 million euros, $706 million). That was down from a 14.3-billion-kroner profit a year earlier. It came as a shock to analysts who had expected a profit of at least 9.0 billion kroner. The big down...

Oil and Gas - Oct 29, 2014




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