The 15th edition of the World Oil and Gas Review, the annual statistics report on world reserves, showed that Year 2015 proved a slight increase in oil reserves while there was a decline in gas reserves
Technical Focus
Egypt to rely less on thermal power by 2022
Power outages due to gas and fuel shortages mean a reducing reliance on thermal power from 91 to 57 per cent capacity within 8 years
Huber introduces new measuring and control flow equipment
Huber Kaltemaschinenbau offers a number of measuring equipment for installation in the temperature control circuit in order to measure and control the flow rate
Lekoil announces completion of new debt facility
Oil and gas exploration and development company Lekoil has announced the completion of a new debt facility raising US$20mn
PDi secures US$2.2mn contract in Nigeria
Provider of engineering, project management and project services to the global energy industry, Project Development International (PDi) has entered a US$2.2mn deal with Nigerian oil service firm Marine Platforms Limited (MPL)