OKLAHOMA CITY — Schlumberger today introduced the Pulsar multi-function spectroscopy service at the SPWLA 58th Annual Symposium. The new service provides the industry’s first complete cased hole formation evaluation and reservoir saturation monitoring with openhole logging quality. This next generation in pulsed neutron logging features multiple detectors and a high-output pulsed neutron generator to significantly improve acquisition accuracy and increase ...

STAVANGER — Statoil’s new technology strategy intensifies the company’s research on CO2 reduction and digital solutions. “Statoil wants to be in the forefront of the development in the oil and gas industry. Technology and innovation are vital to finding more resources and developing projects, while at the same time reducing costs and CO2 emissions,” says Margareth Øvrum, executive V.P. for ...

TEHRAN, June 17 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says a deal to develop South Pars 11 project between NIOC and the Total will be finalized before the end of President Rouhani’s first term in office. Zangeneh said articles of the deal are being reviewed by National Iranian Oil Company (NIOC) and it will be ready for signature ...

TEHRAN, June 17 (Shana) — An expert in international relations and technology says any delays in signature of oil deals will be detrimental to the country. According to IRNA, Mansour Bazmi, deputy head of the technology and international relations department of the Research Center of Petroleum Industry (RIPI), said delays would incur losses on the country as its neighbors spare ...

KUWAIT (Bloomberg) — Saudi Arabia and the United Arab Emirates are expected to relay to mediators what they want Qatar do to in return for ending their isolation of the tiny Gulf nation, according to a Gulf official with direct knowledge of the matter. The proposals, which may come in the next two days, would make it easier to end the ...

LONDON (Bloomberg) — Iraq’s ambition to boost oil-output capacity to a record 5 MMbpd is “not unrealistic” as the country prepares for the end of OPEC-mandated supply limits, consultants Wood Mackenzie Ltd. said. Iraq, which has been rehabilitating its oil industry after years of conflict, has vowed to keep expanding capacity while respecting an Organization of Petroleum Exporting Countries’ accord ...

NEW DELHI and MUMBAI (Bloomberg) — BP Plc and Reliance Industries Ltd. will invest as much as $6 billion to restart work in Indian oil and gas blocks after eight years, in an area off the South Asian country’s east coast, where both companies have faced trouble boosting production. The companies aim to develop about 3 Tcf of resources that will ...

QUEENSLAND, Australia — Santos today announced positive production well test results from the Muruk 1ST3 exploration well in the Papua New Guinea (PNG) Highlands. The production test was undertaken to assess reservoir productivity and recover hydrocarbon samples over the gas saturated Toro Sandstone interval, between 3,968 m to 4,065 m. The well flowed gas and condensate at a rate of ...

IRVING, Texas –Exxon Mobil has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The company also announced positive results from the Liza-4 well, which encountered more than 197 feet of high-quality, oil-bearing sandstone reservoirs, which will underpin a ...