Archive News

LONDON – BP, Shell and Siccar Point Energy, announced first oil from the redeveloped Schiehallion Area, following completion of the multi-billion-pound Quad 204 project in the west of Shetland region, offshore UK. Schiehallion and the adjacent Loyal fields were first developed in the mid-1990s and have produced nearly 400 MMbo since production started in 1998. With the fields’ redevelopment through ...

HOUSTON — Halliburton Company has announced that it launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for Lukoil in early April. The project involves Halliburton constructing a 5,500-m exploration well, in addition to delivering an integrated service package which includes directional drilling, drill bits, drilling fluids, well cementing and other services. The project is well underway ...

IRVING, Texas — Exxon Mobil Corporation has announced positive results on the Muruk-1 sidetrack well in the Papua New Guinea North Highlands, 13 mi (21 km) northwest of the Hides gas field. The Muruk-1 sidetrack well encountered high-quality sandstone reservoirs southwest of the Muruk-1 natural gas discovery announced in late 2016. The sidetrack well was safely drilled to 13,550 ft ...

MOSCOW — President of LUKOIL Vagit Alekperov and governor of Kaliningrad Region Anton Alikhanov signed an agreement on cooperation between the company and the regional government for 2017-2022, in Kaliningrad today. The agreement aims to develop an infrastructure for the petroleum products market, introduce innovative technologies for the production of hydrocarbons, protect the environment and use natural resources rationally. The ...

PARIS — Total and Mauritania have signed an exploration and production contract to perform exploration works on Block C7, which covers an area of 7,300 km2. The Group will be the operator with a 90% interest alongside the Société Mauritanienne des Hydrocarbures et de Patrimoine Minier (SMHPM) holding the remaining 10%. “This agreement is part of Total’s strategy to explore ...

STAVANGER — Repsol Norge AS, operator of production licence 705, has completed the drilling of wildcat well 6705/7-1. The well was drilled about 80 km northwest of Aasta Hansteen field, in the northern part of the Norwegian Sea. The objective of the well was to prove petroleum in Upper Cretaceous reservoir rocks (Nise formation). Well 6705/7-1 encountered two reservoir intervals ...

KASSEL, Germany — Wintershall has launched its second operated shale oil pilot project in Argentina (100% working interest). The company has spud the first of three horizontal pilot wells in the Bandurria Norte block, which is located in the western Argentinean province of Neuquén. The wells in the 107-km2 block are targeting the promising shale of the Vaca Muerta formation, ...

TEHRAN, May 08 (Shana) — Iran Oil Show opened in Tehran on May 6 and finished at May 9.

ABU DHABI (Bloomberg) — Abu Dhabi National Energy Co. is considering boosting investments in existing oil and natural gas assets that may increase production from Canada to Iraq after posting its first quarterly profit since 2015. The shares climbed the most in five weeks. “We are planning to spend $500 million into capex, and that’s going to be across the ...