Oil and Gas Industry Latest News

02.09.2014 Rosneft and ExxonMobil Started Field Studies in the Shelf Area of the Laptev Sea

Rosneft and ExxonMobil started 2D seismic exploration at the Anisinsko-Novosibirsky and Ust-Oleneksky license blocks in the Laptev Sea. 2D seismic exploration work plans to acquire up to 6 thousand linear km, and will last until the end of October.

02.09.2014 Lukoil Received $1 bln Compensation for West Qurna 2

Lukoil received more than $1 billion in compensation in the first half of 2014 for the West Qurna 2 project in Iraq, the company said in its United States GAAP report on Friday.

01.09.2014 Lukoil Summarizes Company’s Performance in the First Half of 2014

LUKOIL BoD has reviewed the preliminary results for the first half of 2014, and budget and investment program realization progress in 2014, the company press-sevice reported.

01.09.2014 Samsung Heavy Industries Mergers with Samsung Engineering

Samsung Heavy Industries has officially announced that it will merge with Samsung Engineering Co., Ltd, the first and largest engineering company in Korea.

01.09.2014 Russian Rosneft to Invest $400 bln in the Arctic before 2030: Sechin

Russia’s state-controlled oil company Rosneft will invest $400 billion in the Arctic Region before 2030, the company President Igor Sechin said in an interview with the German Der Spiegel magazine on Sunday.

01.09.2014 Gazprom Neft Begins Commercial Production and Oil Deliveries from the Badra Field in Iraq

Gazprom Neft, the operator of the Badra oil field in Iraq, announces that first oil from the field is now being delivered to Iraq’s main pipeline system for transfer to the export terminal in Basra (Persian Gulf).

01.09.2014 Bulk Equipment is Delivered to Rosneft Syzran Refinery

A reactor and a cold high-pressure separator is delivered to the site of Rosneft subsidiary Syzran Refinery for the constructed diesel hydro-treater.

01.09.2014 Sonangol Gets Thumbs Up for Onshore Licensing

Sonangol, Angola’s state-run oil and gas firm is moving forward with plans to offer up onshore acreage in the Lower Congo and Kwanza basins after receiving the go ahead from the government.

27.08.2014 ONS: GE Opens Norwegian Technology Centre

Energy firm GE has unveiled its new Technology Solutions Centre (TSC) in Stevanger in an official ceremony attended by the city’s mayor, Christine Sagen Helgø.

27.08.2014 Aasta Hansteen Moving Boundaries

Aasta Hansteen and Polarled are moving the boundaries for technology, deep waters and ripple effects on the Norwegian continental shelf (NCS).