Tag Archive

Baker Hughes Introduces Long-Life PDC Bit

May 4, 2017 No Comments

Baker Hughes Incorporated (NYSE:BHI) announced today the commercial release of its Dynamus™ extended-life polycrystalline diamond compact (PDC) drill bit which can significantly reduce drilling costs by eliminating trips to replace bits or bottomhole assembly (BHA) tools that wear out in high horsepower drilling operations. The Dynamus bit is built on a robust frame that incorporates […]

Tags: , , , , , , Products
Distribution of Neste Pro Diesel expands to Estonia

Distribution of Neste Pro Diesel expands to Estonia

April 20, 2017 No Comments

Neste starts distributing the premium-quality Neste Pro Diesel in the company’s Estonian station network. Distribution starts with four stations and will be expanded during May to cover 20 Neste stations in Estonia. “We are very pleased to start the distribution of premium-quality Neste Pro Diesel also in our Southern neighboring country Estonia. From now on […]

Shell publishes Sustainability Report 2016

Shell publishes Sustainability Report 2016

April 12, 2017 No Comments

Royal Dutch Shell has published its Sustainability Report for 2016 which describes how it is working responsibly to help meet the world’s growing demand for more and cleaner energy. The Sustainability Report 2016 outlines the company’s global approach to sustainability and covers Shell’s environmental, social and safety performance for the year. The report details Shell’s […]

When Will Russia Run Out Of Oil?

When Will Russia Run Out Of Oil?

April 5, 2017 No Comments

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. Globally, exploratory drilling fell by almost 20 percent in 2015 and fell […]

Providence Updates on FEL 3/04 in Ireland’s Porcupine Basin

April 4, 2017 No Comments

Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company (“Providence”), provided an update regarding Frontier Exploration Licence (FEL) 3/04 located in the southern Porcupine Basin. FEL 3/04 is situated in c. 1,500 metre water depth and is c. 200 km off the south-west coast of Ireland. The licence is […]

Tags: , , News analysis
Gazprom Neft and India’s ONGC Videsh Ltd.

Gazprom Neft and India’s ONGC Videsh Ltd.

April 3, 2017 No Comments

Gazprom Neft and India’s ONGC Videsh Ltd. have used the International Arctic forum ‘Arctic: Territory of Dialogue’, currently taking place in Arkhangelsk, to announce the signing of a Memorandum of Understanding which confirms the companies’ mutual intent in joining forces for implementation of offshore hydrocarbon production projects in Russia and elsewhere in the world. The […]

Gazprom and National Iranian Oil Company ink MoU

Gazprom and National Iranian Oil Company ink MoU

March 31, 2017 No Comments

Gazprom and National Iranian Oil Company signed a Memorandum of Understanding in Moscow today. The signing ceremony took place in the presence of Vladimir Putin, President of the Russian Federation, and Hassan Rouhani, President of the Islamic Republic of Iran. In accordance with the document, the parties will examine the avenues for cooperation in the […]

Hurricane Announce Completion of Halifax Well Operations

Hurricane Announce Completion of Halifax Well Operations

March 28, 2017 No Comments

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that operations on the 205/23-3A well (the “Halifax Well”) are complete. The Company can confirm that the well is an oil discovery with initial data analysis indicating Halifax is linked to the Lancaster field forming […]

Sound Energy Announce Tendrara : TE-8 Results

Sound Energy Announce Tendrara : TE-8 Results

March 28, 2017 No Comments

Sound Energy, announced the results of its third well at its Tendrara licence, onshore Morocco, which both establishes the Westward extension of the primary hydrocarbon system proven in Algeria into Morocco, and further confirms the potential of the TAGI play in-country. The Company had previously announced that it had completed the drilling of TE-8 by […]

Neste Jacobs’ NExSAT technology to be implemented in Germany

Neste Jacobs’ NExSAT technology to be implemented in Germany

March 28, 2017 No Comments

Neste Jacobs, a global solution provider of high-quality technology, engineering and project services and Haltermann Carless, a well-established HCS Group brand and leading provider of high value specialty hydrocarbons, have agreed to plan and engineer an upgrade and expansion of the Haltermann Carless’ production site in Speyer, Germany. The parties have also signed a Letter […]

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