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NEWS |
Middle East Oil & Gas: Key Recent Developments - Article Tsvetana Paraskova
Although it has been generally viewed for decades as one of the world’s most restive regions, the Middle East holds nearly half of all total proved oil and gas reserves in the world.
NEWS |
Oil discovery in the Norwegian Sea more than double the remaining Norne oil reserves
Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume potential of 50-70 million recoverable barrels of o (...)
NEWS |
Tendeka unveils new suite of applications to safely cut costs, time and minimize environmental risk in unconventional reservoirs
Independent global completions service company Tendeka, has launched the MajiFrac Solution, a new portfolio of applications which aims to reduce water use and pumping time during completion operations (...)
NEWS |
£200m North Sea field approved in boost for oil and gas industry
BP has underlined its commitment to the UK North Sea after getting the green light from the Oil and Gas Authority for a £200 million field development.
NEWS |
EnQuest plans $138 million rights issue to buy all of Magnus oil field
UK-focused oil company EnQuest which already owns a quarter of the Magnus oil field, is planning a rights issue for $138 million (107 million pounds) to help it buy the rest from BP it said on Friday.
NEWS |
ExxonMobil nails ninth oil discovery
ExxonMobil has announced it has made its ninth oil discovery offshore Guyana. Hammerhead-1, located around 21km southwest of the Liza-1 well, hit around 60m of “high quality, oil-bearing sandstone res (...)
NEWS |
Alcatel wins Equinor contract to improve recovery at Johan Castberg field
Alcatel Submarine Networks (ASN) has won a contract from Equinor for permanent reservoir monitoring (PRM) and deployment of digital technology to improve recovery at the Johan Castberg field in the Ba (...)
NEWS |
Norway signs off on new North Sea development
A platform on the Oseberg field in the Norwegian waters of the North Sea could add tens of millions barrels to the recoverable reserve estimate.
NEWS |
Chevron to Develop Iraqi Oilfields
Iraq’s state-run Basra Oil Company and Chevron, an American multinational energy corporation, agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, (...)
NEWS |
Serica Energy ramps up North Sea expansion
Serica Energy has announced a deal to buy stakes in two producing North Sea fields from Total for an initial outlay of just $5 million (£3.8m) sending its shares surging. The London-based firm will ad (...)
NEWS |
Rosneft to start extracting oil in Kurdistan Region
It is all about the implementation of the contracts signed in October 2017. The entire process is expected to occur till the end of this year. Last autumn, Rosneft concluded a deal with the Kurdistan (...)
NEWS |
Petro River discovers 100 well oil field
Petro River Oil Corporation, an independent oil and gas exploration company that utilizes 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas basins, announced tod (...)
NEWS |
‘Facility of the Future’ initiative to transform oil and gas developments
Today, the Oil & Gas Technology Centre launches an industry-backed ‘Facility of the Future’ initiative that could halve the cost of developing and operating an oil and gas facility and help unlock mor (...)
NEWS |
Ireland to move oil reserves from UK over Brexit
The Irish government is planning to move 200,000 tonnes of its oil reserves from Britain as part of its Brexit preparations and will sign off on the move this week, Ireland’s Sunday Independent newspa (...)
NEWS |
Call to turn oil rigs into nature reserves
Marine wildlife could benefit if some de-commissioned oil rigs were left on the sea bed, a survey says. This challenges the conventional wisdom that the sea bed should be restored to its pristine stat (...)
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