Oil and Gas Industry Latest News

04.07.2014 Yamgaz SNC to manufacture equipment for Yamal LNG worth $1.6 billion

Offshore Oil Engineering Co Ltd., a Chinese company, signed a contract with Yamgaz SNC, to manufacture equipment for LNG production. The equipment is designed for Yamal's LNG plant. Offshore Oil Engineering Co Ltd.

02.07.2014 Russian daily oil production up in June

Russian oil and gas condensate output reversed a downward trend in June, rising 0.2 percent from May to 10.55 million barrels per day (bpd), thanks to privately owned firms Lukoil and Bashneft, Energy Ministry data showed.

01.07.2014 US alarmed with Russia-Cuba oil exploration plans

Russia has agreed to join the search for oil in deep waters between Cuba and Florida, thereby reviving fears among Americans of a possible environmental catastrophe - a large oil spill.

01.07.2014 Russia seeks UN condemnation of Syrian oil sale by terrorist groups

Russia is asking the UN Security Council to condemn the sale of Syrian oil by terrorists and to take "necessary measures" to prevent it.

30.06.2014 Halliburton Partners with "Fund Energy" to Develop YAMAL

Halliburton (NYSE: HAL) has executed the first contract geological assessment of Karasevskoe and Yuzhno-Tanlovskoe oil, gas and condensate fields (Project YAMAL) in partnership with Fund Energy, the company reported in a news release.

30.06.2014 Gazprom leads Russia in shelf development

With the launch of the Prirazlomnaya field in the Pechora Sea (60 kilometers from Varandey in the Nenets Autonomoous District), Gazprom has begun work on the Arctic shelf as a center of production, Gazprom CEO Aleksey Miller said during the company's annual shareholders'

30.06.2014 Rosneft begins geological exploration in the Barents and Pechora sea

Rosneft has started field works at five license blocks of the Barents and Pechora Seas: East Prinovozemelsky, located in the North-Eastern part of the Barents sea near the Novaya Zemlya archipelago, Perseevsky, located in the North-Western part of the Barents sea, and at the South Russky, South Prinovozemelsky and West Matveevsky license blocks, located in the Pechora Sea.

30.06.2014 Gazprom Neft begins exploratory drilling at the Dolginskoye field in the Arctic

Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has started drilling a new exploration well in the Dolginskoye field on the continental shelf in the Pechora sea.

30.06.2014 ExxonMobil’s Investments Into Russia May Soar

Should oil fields be discovered in the Arctic, U.S. ExxonMobil will boost its investments into Russian economy, Glen Waller, head of ExxonMobil’s Russian division, told journalists during his visit to Khabarovsk.