Test2

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 ...

LONDON and DUBAI (Bloomberg) — Saudi Arabia is preparing to cement ties with President Donald Trump by committing to unprecedented investments in the U.S. The kingdom’s sovereign wealth fund is set to announce plans to deploy as much as $40 billion into U.S. infrastructure, according to people familiar with the matter. The investment may be unveiled as early as next ...

TEHRAN, March 12 (Shana) — Launching operation of the last topside of South Pars 19 offshore project in the Persian Gulf. .

TEHRAN, May 10 (Shana) — INTRA Industrial Solutions says the removal of sanctions on Tehran’s nuclear agenda has helped their business rise up in Iran. Speaking to Shana, on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017) in Tehran, the company’s head of EMEA, Nils Wittbond, said INTRA Industrial Solutions has been ...

TEHRAN, May 09 (Shana) — A deputy head of National Iranian Oil Company has said that Iran needs to diversify its methods of project financing. Gholam-Reza Manouchehri said that in addition to National Development Fund of Iran (NDFI) and private companies, international companies could help Iran. “Besides all these [domestic] capabilities, we need interaction at international level in order to ...

TEHRAN, May 09 (Shana) — National Iranian Oil Company (NIOC) and Oil Industries Engineering and Construction Company (OIEC) have signed a memorandum of understanding for feasibility studies on Sepehr oil field. The MOU was singed between Gholam-Reza Manouchehri, deputy head of NIOC for development and engineering, and Behzad Mohammadi, CEO of OIEC. OIEC is among 11 E&P companies qualified by ...

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