China National Offshore Oil Company Limited announced Friday that two of its oil fields in the South China Sea have started production.
Sudan on Thursday opened its second new oil field in a week, as the country struggles to make up for the loss of billions of dollars in oil revenues lost when South Sudan separated.
Chevron Corporation today announced further drilling success by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, a premier hydrocarbon basin.
Statoil is expanding its exploration portfolio through the acquisition of 25% participating interest from Vale SA in BM-ES-22A in the Espirito Santo Basin offshore Brazil.
Aker Solutions has been awarded a topside modification contract by Statoil to increase oil recovery at Gullfaks South. Estimated contract value is NOK 180 million.
CNOOC Limited announced that its parent company, China National Offshore Oil Corporation(“CNOOC”), has officially submitted a registration application to Ministry of Civil Affairs of the People’s Republic of China for establishment of “CNOOC Marine Environmental and Ecol
Rosneft agreed heads of terms for long-term crude supply contracts with Glencore International plc (‘Glencore’) and Vitol, two of the world’s leading trading companies.
RIA Novosti reports that Russia’s largest privately-owned oil company LUKoil has cut its oil output plan for the West Qurna-2 oilfield in Iraq by 30 percent.
Russia’s Irkutsk Oil Company will increase investments by around 20% to 17 billion rubles in 2012, Board Chairman Nikolai Buinov, said Thursday at a news conference.
Novatek, Russia's largest independent natural gas producer, said it expects to sign contracts to supply liquified natural gas from a plant on the Yamal peninsula in Russia's Arctic in the second quarter of 2013, Vedomosti daily business newspaper reported Wednesday.