Tag Archive

Second 3D multi-client reimaging program offshore Mexico

Second 3D multi-client reimaging program offshore Mexico

August 9, 2017 No Comments

ION Geophysical Corporation (NYSE: IO) recently announced a new 3D multi-client broadband re imaging program offshore the Western Gulf of Mexico using the Mexican National Hydrocarbons Commission (CNH) data library. The Mexican Ridges 3D reimaging program is fully supported by industry funding and contains eight surveys covering approximately 28,800 sq km over the Mexican Ridges […]

Cairn announce results SNE North-1 exploration well offshore Senegal

Cairn announce results SNE North-1 exploration well offshore Senegal

August 7, 2017 No Comments

The well encountered oil and gas in the primary objective and oil in the deeper secondary objective, in a separate accumulation to the SNE field. Further work is being undertaken to establish the potential commerciality of this discovery and to integrate the results with the block wide data gathered to date. The well result has […]

Rosneft Announce Financial results for 2Q 2017 and 1H 2017

Rosneft Announce Financial results for 2Q 2017 and 1H 2017

August 4, 2017 No Comments

In 2Q 2017 revenues amounted to RUB 1,399 bln (USD 25.3 bln), remaining almost unchanged Q/Q. The negative effect from weaker oil pricing was offset by higher crude oil sales volumes (+15.7% Q/Q). In H1 2017 revenues was at RUB 2,809 bln, rising by 23.2% Y/Y. Revenues in USD terms (50.1 bln) increased by almost […]

NNPC R&D Collaborates with Halliburton

NNPC R&D Collaborates with Halliburton

July 19, 2017 No Comments

A new vista has been added to the ongoing search for commercial hydrocarbon in the inland sedimentary basins by the Research and Development Division of the Nigerian National Petroleum Corporation (NNPC), following ongoing collaboration with the US based Halliburton Corporation to achieve the exact location of viable crude oil deposits. Group General Manager in charge […]

Premier Oil Announce new oil discovery offshore Mexico

Premier Oil Announce new oil discovery offshore Mexico

July 14, 2017 No Comments

Premier, together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, announced that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery. The Zama-1 well is the first offshore exploration well drilled by the private sector in Mexico’s history. Premier holds a 25 per […]

Alta appraisal well successfully completed

Alta appraisal well successfully completed

July 13, 2017 No Comments

The drilling of appraisal well 7220/11-4 (Alta-4) close to the Alta discovery well in PL609 has been successfully completed. A production test proved good reservoir properties. DEA Norge is partner in PL609, with a share of 30%. “We are pleased with the results of this well, that further develops our understanding of the Alta reservoirs […]

Rosneft and Beijing Gas close Verkhnechonskneftegaz deal

Rosneft and Beijing Gas close Verkhnechonskneftegaz deal

June 30, 2017 No Comments

Rosneft and Beijing Gas Group Company Limited (“Beijing Gas”) closed the deal for sale and purchase of 20% shares in Verkhnechonskneftegaz (a Rosneft subsidiary). The price of purchased 20% stake amounted to around USD 1.1bln. As a result of the transaction, the parties are going to create a vertically integrated system of cooperation. The Chinese […]

ExxonMobil Announces Successful Muruk Sidetrack Production Test

ExxonMobil Announces Successful Muruk Sidetrack Production Test

June 15, 2017 No Comments

Exxon Mobil Corporation (NYSE:XOM) announced positive production well test results from the Muruk 1 sidetrack 3 well in the Papua New Guinea North Highlands located about 13 miles (21 kilometers) northwest of the Hides gas field. The well successfully flowed gas at a rate of 16 million standard cubic feet per day. The well rate […]

GAZPROM NEFT SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH SIEMENS

GAZPROM NEFT SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH SIEMENS

June 5, 2017 No Comments

Gazprom Neft and Siemens AG have signed a Strategic Partnership Agreement at this year’s St Petersburg International Economic Forum, with the document being signed by Gazprom Neft CEO and Chairman of the Management Board Alexander Dyukov and Siemens AG President Joe Kaeser. The parties intend to cooperate in energy, production, transportation, refining , and developing […]

Diesel vehicles will “disappear from roads much faster than expected.”

Diesel vehicles will “disappear from roads much faster than expected.”

June 1, 2017 No Comments

Let’s not rush with diesel According to recent estimates, there will be a stop to diesel-fueled traffic. The resistance to diesel increased before Easter, when Elżbieta Bieńkowska, EU Commissioner for Industry and Entrepreneurship, predicted that diesel vehicles will “disappear from roads much faster than expected.” Can it be that we need to stop using diesel? […]

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