Det norske oljeselskap ASA, as operator of production license 494, has completed the drilling of wildcat well 2/9-5S. The well was drilled about 30 km east of the Valhall field on the Heimdalshø prospect.
Gazprom is ready to offer Ukraine a gas price discount of $100 before an arbitration ruling, Russian Energy Minister Alexander Novak said on Friday, according to ITAR-TASS.
Algeria has accepted a request by foreign energy companies to push back the opening of bids for its new oil and gas round to the end of September, the second delay since the launch of bidding, energy officials said on Thursday.
The Malaysian and Argentine state energy firms Petronas and YPF signed a deal yesterday to invest US$550 million (RM1.7 billion) to develop shale oil in Argentina's massive Vaca Muerta fields, YPF said.
The European Union is not expecting any interruptions in Russian gas deliveries to the European Union via Ukraine, but does not exclude the possibility, EU Energy Chief Gunther Oettinger said Thursday, RIA Novosti reported.
Venezuela's state-run oil company PDVSA is considering importing Algerian Saharan Blend crude to be used as a diluent for its own extraheavy oil, according to a company document seen by Reuters on Wednesday, and the move could mark the first ever crude import by the OPEC
Oil giant Shell has sold four oil fields which it operated in Nigeria, in line with its global cost-saving initiative.
An explosion at BP oil refinery in northwestern Indiana along Lake Michigan rattled nearby homes and sparked a fire that was later extinguished, but it didn't cause any major injuries or halt production at the facility, a company official said Thursday.
Turkmenistan is building the world’s largest gas-to-liquids plant using the methanol route, as the Asian nation strives to add value to its wealth of energy reserves.
The maintenance of blowout preventers (BOPs) has significant financial, logistical and safety implications for drilling operators and rig owners.