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DOHA — Qatar Petroleum and Exxon Mobil signed an exploration and production sharing contract with the government of the Republic of Cyprus for offshore Block 10. Before the signing ceremony, the Republic of Cyprus President, Nicos Anastasiades received at the presidential palace in Nicosia, Saad Sherida Al-Kaabi, the president and CEO of Qatar Petroleum along with Andrew Swiger, senior VP ...

Iran drilling conference and exhibition 2017 which was held in 18th and 19th of February 2017 in IRIB conference center is aimed to increase the efficiency of oil and gas wells’ drilling emphasizing on the power of country’s companies

STAVANGER — Statoil and license partners have decided to use the semisubmersible rig Transocean Spitsbergen on three exploration wells in the UK, and then on a six-well production drilling campaign on the Aasta Hansteen licence in Norway. The exploration drilling campaign in the UK will be conducted for the Mariner, Jock Scott and Verbier licenses, and is planned to start ...

MOSCOW — PJSC LUKOIL began drilling of the first 5,500 m prospecting and appraisal well (1P) in the Vostochno-Taymyrsky license area, Krasnoyarsk Territory, six months before the scheduled deadline. LUKOIL is the first company to drill such a deep well into Lower Cambrian strata in the region. Well No. 1P is a vertical six-string well. According to the design documentation, ...

MUMBAI (Bloomberg) — The overseas arm of India’s biggest oil and gas explorer intends to spend more than $3 billion on Iran’s Farzad-B natural gas block. ONGC Videsh last month submitted a revised plan to the Iranian government for the block, which the company will be able to develop within five years, Managing Director N.K. Verma told reporters in Mumbai ...

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DUBAI (Bloomberg) — Shares in Abu Dhabi National Energy Co. soared for a second day amid investor speculation the government will step in after the oil company known as Taqa reported a record $5.2-billion loss. The stock climbed 9.6% to 0.57 dirham, closing at the highest since Nov. 13, after adding 13% on Sunday. Trading volumes exceeded 15 million shares ...

LONDON (Bloomberg) — Saudi Arabia is to tweak the benchmark it uses to sell its crude in Europe, in a concession to refiners in the region that have long complained about their ability to hedge using the current measure. Saudi Arabian Oil Co., as the country’s state-owned company is formally known, will sell crude into Europe, Africa and Latin America ...

TEHRAN, Apr. 04 (Shana) — The National Iranian Drilling Company (NIDC) successfully drilled 193 oil and gas wells during the previous calendar year which ended on March 20. An NIDC official, Naser Qolipour says 50 of the wells were completed 742 days ahead of plans. He said the company drilled 293,605 meters of wells during the same year. NIDC is ...

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 ...