May 1, 2017
News, World News
HOUSTON — BP announced a major breakthrough in seismic imaging that has identified more than 200 MMbbl of additional resources at BP’s Atlantis field in the deepwater Gulf of Mexico. As a result of this early success, BP now is deploying this technique to fields elsewhere in the Gulf of Mexico as well as in Azerbaijan, Angola, and Trinidad and ...
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May 1, 2017
News, World News
HOUSTON — Schlumberger announced today that Petroleos Mexicanos (Pemex) has signed an agreement to license data from the WesternGeco Campeche wide-azimuth (WAZ) multiclient seismic survey in the Salina del Istmo province of the southern Gulf of Mexico. The agreement also includes collaboration with WesternGeco in the seismic processing phase of the project as well as for future technology collaborations. This ...
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May 1, 2017
News, World News
HOUSTON — Halliburton, Trendsetter Engineering and C-Innovations today announced the companies have formed a strategic alliance to provide Gulf of Mexico (GOM) customers with technologically advanced, integrated offshore wellintervention packages. The alliance leverages the companies’ strengths to create subsea solutions for hydraulic interventions. The combined packages will improve operator efficiency while addressing in-field production and subsea challenges. “By working together, ...
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May 1, 2017
Middle East News, News
LONDON (Bloomberg) — The boss of Saudi Arabia’s state oil company defended petroleum as the mainstay of the global economy, countering theories that demand will peak within years with his own forecast that consumption will keep growing for decades. “The global economy is forecast to double in size by 2050,” so overall demand for energy will be higher, Saudi Arabian ...
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May 1, 2017
Iran News, News
TEHRAN, Apr. 29 (Shana) — Hungary’s state-owned oil and gas group MOL has indicated preparedness to join oil projects in Iran by the adopting enhanced oil recovery (EOR) and improved oil recovery (IOR) techniques, a senior Iranian oil official said. Following a meeting with MOL deputy chief executive officer, Berislav Gaso, in his Tehran office on Wednesday, Deputy Petroleum Minister ...
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April 26, 2017
News, World News
MOSCOW — The first-ever, multi-hole “fishbone” well involving multiple horizontal branches has been drilled and commissioned at the Prirazlomnaya offshore rig — the only project on the Russian Arctic shelf at which commercial oil production is currently ongoing. The trajectory chosen for the wells allows significantly greater coverage of oil-bearing sections of the strata. The new well represents the fourth ...
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April 26, 2017
News, World News
MOSCOW — LUKOIL has drilled 1,000 m of its first exploration well on the Vostochno-Taymyrsky license block. About 374 m of core samples from eight formations will be collected and analyzed during drilling. A most modern logging suite will be run to assess the reservoir properties of rocks and their saturation. A modular dynamic tester will be used, which allows ...
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April 26, 2017
News, World News
CHICAGO (Bloomberg) — Exxon Mobil Corp. won’t be allowed to bypass U.S. sanctions against Russia to resume drilling for oil in a joint venture that seeks to tap billions of barrels of that country’s crude. Treasury Secretary Steve Mnuchin said the decision was made after consultation with President Donald Trump, according to a statement on Friday. Exxon’s request for a ...
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April 26, 2017
Iran News, News
TEHRAN, Apr. 23 (Shana) — The Islamic Republic of Iran will materialize a gas export deal with Georgia within a month, said Gholamreza Bagheri Moghaddam, the head of General Department of CIS and Caucasus Countries of the Foreign Ministry of Iran. Bagheri told IRNA that Georgia has purchased Iranian gas, but it has not yet been imported from Iran. “Georgia ...
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April 22, 2017
Iran News, News
TEHRAN, Apr. 18 (Shana) — A senior official with the Iranian Offshore Oil Company (IOOC) said the company received 80% of the services it needs in offshore operations from Iranian service firms during the previous calendar year which ended on March 20. Salman Khosravi said the companies offered the same amount of services to the company in the previous ...
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