Lukoil commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation.
The crude market had its worst quarter in four years but you wouldn’t be able to tell by looking at Big Oil’s stellar earnings numbers.
South Africa’s first deep-water discovery, reported Thursday by French oil major Total, may prompt a rush of activity offshore by competitors as the country works to cut its reliance on imported fuels.
In a last-minute announcement, France agreed to back a European Union proposal creating hurdles for a controversial natural-gas pipeline, rejecting an appeal by German Chancellor Angela Merkel’s government.
Anadarko Petroleum Corp said a long-term agreement had been signed with the trading division of China’s state-owned offshore oil and gas producer CNOOC Ltd to supply liquefied natural gas (LNG) from Mozambique.
India’s top gas importer Petronet LNG will not bid for the proposed 7.5 million tonnes per annum (mtpa) liquefied natural gas terminal in Bangladesh and instead wants a government-to-government deal, its managing director Prabhat Singh said.
European energy bourse EEX Group is delaying to the second quarter a major expansion into Asia involving the launch of a liquefied natural gas (LNG) contract that it had initially planned for this month, its Asia head said.
U.S. exports of ethane have increased from nearly nothing in 2013 to an average of 260,000 barrels per day through the first 10 months of 2018, accounting for about one-sixth of U.S. hydrocarbon gas liquids exports.
U.S. refiner Marathon Petroleum Corp would replace crude oil from Venezuela with imports from the Middle East and Latin America, a top company executive said.
In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia.
Russia's Gazprom is looking to gain an even larger gas market share in Europe following record-high 2018 exports, expecting a decline in Europe's gas output combined with rising demand.
The Abu Dhabi National Oil Company (ADNOC) announced, the award of a dredging, land reclamation and marine construction contract to build multiple artificial islands in the first phase of development of the Ghasha Concession.
Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.
Seadrill Limited has announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.
Aker BP is currently drilling exploration well 24/9-14 on the Froskelår Main prospect. The well has encountered oil and gas.
As of Dec. 31, 2018, Rosneft SEC's proven hydrocarbon reserves were 41,431 MMboe (5,597 MMtoe).