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