Company news
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29.06.2018
GE to divest Baker Hughes stake
General Electric plans to spin off its health-care business and divest its stake in oilfield-services provider Baker Hughes as CEO John Flannery focuses the struggling company on power, aviation and renewable energy. More»
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26.06.2018
Unfractured wells growing as Permian pipeline scarcity worsens
Pipeline bottlenecks in North America’s biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it’s about to get a lot worse. More»
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25.06.2018
Gazprom Neft Middle East B.V. produces its millionth tonne of oil in Kurdistan
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its millionth tonne of oil at the Garmian field, located in the Kurdistan Region of Iraq (KRI). Total production at the field is now running at more than 23,000 barrels... More»
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19.06.2018
Gazpromneft-Orenburg brings its Uransky licence block into a new oil production cluster
Gazpromneft-Orenburg has secured the subsoil usage rights to the Novozarinskoe field in the Orenburg Oblast, with a licence for exploration and development being issued by the Federal Subsoil Resources Management Agency (Rosgeo) in May this... More»
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11.06.2018
Gas glut in Permian sparks dilemma over how much to burn
Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other. More»
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08.06.2018
Gazprom Neft and IBM expand joint work on new digital projects
Within the framework of the St. Petersburg International Economic Forum, Gazprom Neft and IBM agreed on expanding cooperation in new technological projects in on-shore oil production. One of the possible directions is the consideration... More»
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07.06.2018
Borr Drilling: No long-term rig deals at breakeven rates
Offshore drilling company Borr Drilling, which “has taken the jack-up rig hoarding to a new level,” after several recent acquisitions, is now in talks to find work for some of its drilling units. More»
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04.06.2018
ROSGEO starts drilling the Bazhenovskaya 1 parametric well
JSC SPC Nedra (Yaroslavl, the enterprise is part of the ROSGEO state holding) has completed the rig-up operations of the BU-5000/320 BMCh at the Bazhenovskaya 1 parametric well and proceeded with drilling. The depth of 900 m has been reached, the... More»
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31.05.2018
Gazprom Neft working with Yandex Terra to develop innovative Russian digital solutions in seismic data processing
The Gazprom Neft Science and Technology Centre (NTC) and Yandex Terra (Seismotech Ltd) have announced the completion of a two-year programme testing a range of domestically produced software to support seismic data processing and interpretation. More»
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29.05.2018
Shell reports large deepwater discovery in U.S. Gulf of Mexico
Shell Offshore, Inc. has announced a large deepwater discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell). More»
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