Schlumberger Ltd. (SLB), the world’s largest oilfield-services provider, climbed the most in more than four months after reporting first-quarter profit rose 38 percent as customers increased higher margin deep-water drilling around the globe in response to climbing crude prices.
Russian Stroy Trans Gas announced that the company is persistent in its work to fulfill a project for constructing a factory to treat gas in the Syrian lands.
Gulfsands Petroleum (LON:GPX) today said it is looking for a ‘fast track’ opportunity to build another non-Syrian based business unit.
Traders and shipping sources said on Friday that Syria received a shipment of gas oil ( Solar) from Russia in a series of shipments. The sources mentioned that at least four carriers made regular trips to Syria from Russia via the Black Sea.
The Croatian oil company INA, part of the Hungarian group MOL, has announced that it is suspending all oil and gas extraction activities in Syria, in respect of the economic sanctions imposed upon Syria by the European Union, which were adhered to last week by Croatia.
Royal Dutch Shell (RDSa.L) said it was targeting aggressive growth in the coming years, with the startup of big new projects and higher investments in exploration set to drive a 50 percent rise in cashflow and a 25 percent rise in oil and gas production.
Oil firm Gulfsands Petroleum said it had found more oil at a well it is drilling in Syria, as its exploration activities in the country continue .
Ministry of Economy and Trade under resolution No. / 2 / approved of the Statute of the company / Treasures Oil / limited liability Treasures petroleum L. LC and owned by Syrians, and purpose of the exploration and extraction, refining, trading and marketing and distribution of oil and natural gas.
Syrian-Chinese al-Kawkab Company presented successful oil treatment method for environmental oil pollution of the soil in its affiliated field of Kubaiba during the days of the 1st Environmental Sciences conference organized by the Ministry of State for Environmental Affairs in cooperation with the academic research of national and relevant components of the environment in the Rida Said Hall for Conferences at the University of Damascus.
Russian Tatneft Oil producer on Saturday denied media reports that it suspended its operations in Syria.
