Almost by accident, OPEC adversaries Saudi Arabia and Iran are about to work as a team.
Rosneft has sold a 20% share of Taas-Yuryakh Neftegazodobycha LLC, its subsidiary, to BP.
First oil from Edvard Grieg field, in the Norwegian North Sea, was achieved on Saturday, Lundin Petroleum, the field's operator, said in a statement Monday.
Wintershall has joined the international initiative against the flaring of associated gas during oil production, the German producer announced Friday.
Fugro has been awarded a contract by Ophir Equatorial Guinea (Block R) Ltd. for the provision of survey services for the development of large scale assets and infrastructure offshore Equatorial Guinea.
Iran is targeting about $30 billion in investment by offering 70 oil and natural gas projects to international companies as the Persian Gulf country anticipates the lifting of economic sanctions.
The 2015 World Oil Awards honored those “Charting a Path to the Future” in the oil and gas industry.
The North American rig fleet decreases, as a large portion of idle rigs is taken out of commission. The global offshore mobile fleet has leveled off.
The successful installation and operation of the industry’s first subsea jet pump has allowed wells offshore Tunisia to produce well above the expected rate, which makes future consideration for this type of application even more likely.
With the industry facing low crude oil prices for the foreseeable future, the Middle East and North Africa (MENA) region remains an oasis of increasing oilfield activity, due to minimal lifting costs.
Mark Plummer: Entrepreneur and self-made man
A reason to smile
Data courtesy of Baker Hughes.
Market data is delayed and provided by Barchart.
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Over the last two years, we’ve seen a marked increase in the number of gas divestments taking place in Canada’s oil and gas sector.
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