Company news

03.12.2021
Breakeven Price For New Oil Projects Drops In 2021

Rystad Energy’s annual cost of supply analysis has revealed that costs within the upstream sector have come down considerably in 2021, making new oil more competitive and significantly cheaper to produce. The average breakeven price for new oil... More»
1. Comments:
  (0)
15.11.2021
Turkish Petroleum awards Schlumberger contract to tap its largest gas reserve

Turkish Petroleum has awarded Schlumberger a significant contract for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey’s largest gas reserve. The contract is... More»
1. Comments:
  (0)
07.05.2021
China’s Shale Gas Industry Is Finally Taking Off

During the first two months of 2021, the Chinese oil and gas giant Sinopec managed to bring 28 new shale gas wells on stream in the country. The company also announced that the shale gas production from its major Fuling field jumped by 20% compared... More»
1. Comments:
  (0)
12.03.2021
Baker Hughes and Akastor ASA form global offshore drilling joint venture

Baker Hughes and Akastor ASA have announced an agreement to create a joint venture company that will bring together Baker Hughes’ Subsea Drilling Systems business with Akastor’s wholly owned subsidiary, MHWirth AS. The JV will deliver a global... More»
1. Comments:
  (0)
01.03.2021
The Guyana-Suriname Basin Could Be The Last Big Oil Boom

The tiny South American countries of Guyana and Suriname are the focus of Latin America’s latest oil boom. A slew of oil discoveries by ExxonMobil since 2015 in its offshore Guyana Stabroek block which now sees the global energy supermajor... More»
1. Comments:
  (0)
19.02.2021
Gazprom Neft to develop enhanced oil recovery techniques together with SNF

Gazprom Neft Technology Partnerships (previously known as the Bazhenov Technology Centre) and French holding company SNF, together with its Russian subsidiary SNF Vostok, have signed a Cooperation Agreement on developing, testing and launching... More»
1. Comments:
  (0)
02.10.2020
Reserves increased at Gazprom Neft’s Chona group of fields

Фото gazprom-neft.ru Gazprom Neft has increased the boundaries of its Ignyalinsky license block in Eastern Siberia, with recoverable reserves... More»
1. Comments:
  (0)
28.09.2020
LUKOIL Installs Fixed Platform Jackets at V.I. Grayfer Field in the Caspian Sea

LUKOIL completed installation of the jackets of the fixed ice-resistant platform at the V.I. Grayfer field in the Caspian Sea. More»
1. Comments:
  (0)
18.09.2020
Full-scale development of the northern section of Gazprom Neft’s Novoportovskoye field has now begun

Фото gazprom-neft.ru Gazprom Neft has begun developing the northern section of its Novoportovskoye field — one of the... More»
1. Comments:
  (0)
15.09.2020
Saudi Aramco Reveals New Oil And Gas Discoveries

Courtesy of teknoblog.ru Saudi Arabia’s state oil company has discovered two new oil and gas fields in the northern part of the country, the... More»
1. Comments:
  (0)

Scroll up