Search for oil

27.09.2013 Statoil Makes Significant Oil Discovery Offshore Canada

Statoil (OSE:STL, NYSE:STO) Canada and co-venturer Husky Energy have announced that the first Bay du Nord exploration well has discovered between 300 and 600 million barrels of oil recoverable.

26.09.2013 Kazakhstan To Auction New Onshore Oil and Gas Blocks

Kazakhstan will soon place the subsoil rights to a number of onshore oil and gas blocks on auction, Kazinform has reported. According to the agency, Kazakhstan Oil and Gas Minister Uzakbay Karabalin said that pursuant to protocol from a meeting with Kazakhstan President Nursultan Nazarbayev, the moratorium on holding auctions for subsoil rights to mineral resources has been repealed.

25.09.2013 French Firm To Open Flexible Pipe Plant In Brazil

France's Technip engineering group said Monday it will open a huge flexible pipe plant near Rio in December to meet demand ahead of exploitation of Brazil's huge offshore oil reserves.

24.09.2013 South Sudan Production on the Rise

Production in South Sudan has reached its highest level since production resumed earlier this year. According to the country’s petroleum ministry, production flows have reached 240,000 bpd.

23.09.2013 OMV Awards Technical Scholarships To Young Women

OMV, the international oil and gas company, is once again awarding scholarships to young women who are interested in technology and engineering. An assessment center was used to select the 15 scholarship recipients from a pool of over 150 applicants.

23.09.2013 Zhou Jiping met with Venezuela's Minister of Energy and Oil Rafael Ramírez

On September 18, CNPC Chairman Zhou Jiping met with Venezuela's Minister of Energy and Oil Rafael Ramírez in Beijing. Speaking highly of the cooperation achievements made between the two sides, they exchanged views on further expanding cooperation scale.

19.09.2013 Colombia Aims To Boost Oil Exploration

Colombia, South America's third-largest oil producer, is aiming to boost its exploration activities in a sector that is increasingly vital to its economy.

19.09.2013 Tatneft Produces 6,000,000 Tons Of Crude Oil Have Been Produced With Application Of DCP Technology

The total incremental crude oil production from the wells of JSC Tatneft, equipped with the facilities for dual completion and production (DCP), dual production and injection (DCP&I) and dual completion and injection (DCI) amounted to 6,043.8 thousand tons of oil.

19.09.2013 CNPC To Help Develop $14bil Junin 10 Oil Project In Venezuela

China's CNPC will work with Venezuela's state oil company PDVSA to develop the Junin 10 block in the South American country's Orinoco extra heavy crude belt, the Venezuelan petroleum minister said on Wednesday.

19.09.2013 Nigerian Oil Companies Boost Production as Majors Retreat

Nigerian-owned oil companies are boosting their share of the country’s output by taking up fields in restive areas as international energy companies retreat, Ecobank Research said.