News

PARIS, France – CGG has been awarded a multi-year integrated geoscience study by Kuwait Gulf Oil Company (KGOC) to identify resource growth potential in the onshore partitioned zone (PZ). The geoscience study will be conducted by CGG GeoConsulting and, importantly, involve KGOC geoscience experts embedded in the project team. The combined team will work together to integrate recently acquired and processed ...

THE HAGUE, The Netherlands — Shell has opened a new major technology hub in Bangalore, India, expanding the company’s R&D activities in Asia. The 52-acre, custom built technology center can house up to 1,500 experts working collaboratively on innovative projects worldwide. Shell Technology Center Bangalore (STCB) brings together R&D staff who previously worked at separate locations in Bangalore and also ...

IRVING, Texas — Exxon Mobil announced today positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered in previous discoveries at Liza and Payara. Exxon Mobil affiliate Esso Exploration and Production Guyana Ltd. commenced drilling of the Snoek well on Feb. 22, 2017 and encountered 82 ft ...

MOSCOW — Gazprom Neft and India’s ONGC Videsh Ltd. have used the International Arctic forum ‘Arctic: Territory of Dialogue’, currently taking place in Arkhangelsk, to announce the signing of a Memorandum of Understanding, which confirms the companies’ mutual intent in joining forces for implementation of offshore hydrocarbon production projects in Russia and elsewhere in the world. The parties have expressed their intent to exchange best technical, production, and commercial practices regarding ...

Assaluyeh, March 30(Shana) — Iranian Minister of Petroleum Bijan Zangeneh says the new Iranian calendar year (began March 21) will be an “exceptional” year for Iran’s petroleum and petrochemical industries as several major projects are scheduled to come on-stream during the year. “This year, Iran will launch historic projects in the oil and petrochemical sectors that will be unprecedented in ...

TEHRAN, March 29 (Shana) — Iran’s National Iranian Oil Company (NIOC) and Russia’s energy giant, Gazprom, signed a memorandum on gas cooperation. The memorandum was signed in the Kremlin where Iranian President Hassan Rouhani met his Russian counterpart Vladimir Putin on Tuesday. Iran and Russia signed 14 cooperation documents on various grounds including political, economic, legal, judiciary, scientific and cultural ...

Moscow, March 29 (Shana) — Tehran and Moscow intend to increase the volume of their annual trade exchanges to 10 billion dollars, President Hassan Rouhani says. President Rouhani made the remarks Tuesday evening during a dinner banquet with Iranian nationals living in Russia, IRNA reported. “It takes several years for the people to know all the aspects of the Joint ...

TEHRAN, March 28 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh accompanied President Hassan Rouhani in his Moscow visit. President Hassan Rouhani, heading a high ranking delegation, arrived in Moscow on Monday for a two-day official visit to Russia. Upon his arrival, the Iranian president and his entourage were welcomed by Russian officials at the airport, IRNA reported. Accompanied by ...

The 4th international Iran drilling congress was held at IRIB Int’l Conference center at 18 & 19 February 2017:

STAVANGER, Norway — Repsol Norge AS is the operator for production license 705 in the Norwegian Sea. The Petroleum Safety Authority Norway (PSA) has given Repsol consent to drill exploration well 6705/7-1 in a prospect named Stordal. The well‘s geographical coordinates will be: 67° 15′ 05.14″ N 05° 10’ 29.12″ E The drilling site is in the deep-water section of ...