Bashneft acquired LLC Bashneftegazrazvedka, which holds a licence for geological exploration of subsoil blocks aimed at prospecting and evaluating hydrocarbon reserves at the Vostochno-Ikskiy licence area in the Bakalinsky District of the Republic of Bashkortostan (the l
The appraisal program on the recently discovered structure in Block 4 onshore the Sultanate of Oman (B4EW4) continues with another very successful well.
Rosneft has signed an agreement with NOVATEK to swap assets, the company reported in a news release. 40% of shares in Artic Russia B.V. held by Rosneft will be swapped for 51% shares in Sibneftegas held by NOVATEK.
A revised issue of the ISO 9001 standard is scheduled to be released in September 2015.
Exploration well 31/3-4 on the Mantra prospect offshore Norway has encountered reservoir quality sands but all intervals were water wet. Det norske is partner in the 551 license with a 20 percent interest.
China's dependency on natural gas imports will continue to increase as the country is trying to reduce its fossil fuel consumption and improve air quality, the state-run China Daily reported Wednesday.
China's commercial crude oil inventories fell for a second straight month in November, official news agency Xinhua said on Tuesday, with some refineries drawing on crude stockpiles after a pipeline blast in eastern China killed 62 people.
Test flows for northern Iraqi oil have been completed up to Ceyhan, Turkey’s southern coastal district of the Mediterranean Adana province, Turkish Energy Minister Taner Yıldız has said, adding that oil flow would start following the tests.
Lukoil has proposed that foreign service companies be allowed access to conducting geological surveys in Russian territorial waters in the Baltic Sea, Terminal has reported, citing Lukoil recommendations presented at a meeting hosted by the Russian Natural Resources Mini
China Shenhua Energy Co Ltd (Shenhua) will invest $90 million to set up a company in the US which will cooperate with Energy Corporation of America (ECA) in developing shale gas, said a filing released Tuesday on the Shanghai bourse.