Oil and Gas Industry Latest News

29.12.2012 Gazprom Pushes Ahead With South Stream

South Stream Transport, the entity responsible for South Stream's offshore section is performing engineering surveys and compiling project documentation, Gazprom reported in a news release.

26.12.2012 LUKOIL-West Siberia Wins Licenses in Khanty-Mansiysk

LUKOIL-West Siberia has won development licenses good for 20 years in a bid round for the Imilorskoye--West Imilorskoye and Istochnoye fields in the Khanty-Mansiysk Autonomous Okrug.

24.12.2012 Lukoil, Eurasia Drilling Company Ltd to Cooperate on tight Reserves

First Executive Vice President of Lukoil Ravil Maganov and the Executive Director of Eurasia Drilling Company Ltd (EDC) Aleksandr Dzhaparidze signed a memorandum of understanding between the two companies which envisions EDC providing Lukoil with the drilling capacity th

13.12.2012 Rosneft Signs Agreement to Purchase AAR Consortium’s 50% Stake in TNK-BP

Rosneft signed in Munich at 7:45 AM local time on December 12 an agreement to purchase from the AAR Consortium (Alfa Group, Access Industries and Renova) its 50% stake in TNK-BP.

28.11.2012 Taming the Flame:Gazprom Neft Takes Steps to Solve its APG Flaring Problem

SIBUR Holding’s modernized Vyngapur gas-processing plant in Russia’s Yamal region has increased associated petroleum gas (APG) processing by up to 99 percent after introducing a new production unit for low-temperature condensation and rectification (LTCR).

29.12.2012 Dragon Oil Completes Dzheitune (Lam) Off Turkmenistan

Independent Producer Dragon Oil has published test results following its successful completion and initial testing of the Dzheitune (Lam) A/177 development well.

29.12.2012 CNOOC oil fields in operation in South China Sea

China National Offshore Oil Company Limited announced Friday that two of its oil fields in the South China Sea have started production.

29.12.2012 Struggling Sudan Opens New Oil Field

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.

28.12.2012 Chevron Announces Two Discoveries Offshore Western Australia

Chevron Corporation today announced further drilling success by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, a premier hydrocarbon basin.