Company news
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25.02.2019
Lukoil's 2018 proved reserves totaled 101%
Lukoil announces the results of the reserves assessment and independent audit as of Dec. 31, 2018. More»
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22.02.2019
U.S. to offer 14696 offshore blocks in Gulf of Mexico lease sale
The U.S. is set to offer 78 million offshore acres in the Gulf of Mexico to interested oil companies in a lease sale scheduled for March 2019 More»
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19.02.2019
Belorusneft started construction of the fourth well in Ukraine
Courtesy of belorusneft.by Drillers of Service Oil began to drill another well at the Semirenkovskoye gas condensate field in the Poltava... More»
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18.02.2019
Gazprom Neft continues the development of its Yamalo-Nenets production cluster
Gazprom Neft has won a licensing round for subsoil prospecting, exploration and production rights to the Severo-Stakhanovsky, Novoromanovsky and Puhutsyayakhsky blocks in the Yamalo-Nenets Autonomous Okrug. More»
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15.02.2019
Tiny Guyana could soon pump more oil than OPEC member Venezuela
Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years. More»
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11.02.2019
LUKOIL begins drilling new production wells at West Qurna-2
Courtesy of lukoil.ru LUKOIL commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far... More»
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04.02.2019
Azerbaijan interested in co-op with Romania in gas exploration projects
Courtesy of angi.ru Azerbaijan’s state oil company SOCAR has expressed interest in cooperation with Romania’s ROMGAZ company in... More»
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01.02.2019
Zohr Gas Output Exceeds 12 bcm in 2018
Courtesy of rosneft.com In 2018, gas output at the Zohr project, which is being developed by the consortium of Eni, Rosneft, BP, and Mubadala together with Egyptian oil and gas... More»
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31.01.2019
How OPEC is helping U.S. oil reach a tipping point
The U.S. Energy Information Administration has published its first detailed monthly oil forecast for 2020 and it shows something that should strike fear into the hearts of OPEC ministers — from the fourth quarter, America will export more oil than... More»
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30.01.2019
Belarusian oil workers drilled another productive well in Ecuador
Courtesy of belnovosti.by Belarusian specialists continue to successfully develop the Armadillo field in Ecuador. In the week, another high-yield well was drilled here which was... More»
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