Gas drilling

Oil&Gas Drilling

Diamond Offshore Files for Chapter 11 Bankruptcy Amid Historic Oil Price Crash

Diamond Offshore Drilling Inc., a rig contractor owned by Loews Corp., filed for bankruptcy.

Oil&Gas Drilling

Putin: OPEC+ Deal Should be Complied with by all Participants

The deal stipulates the oil production cut by 9.7 mln barrels per day in total in May-June 2020, by 7.7 mln barrels per day in July-December 2020 within the all…

Oil&Gas Drilling

Aker BP Postpones Oil Developments Amid Market Turmoil

The company has suspended all oil and gas development projects that have not yet received board approval because of the coronavirus-related plunge in crude pric…

Oil&Gas Drilling

Qatar Starts Expansion Drilling At World’s Largest Gas Field

Qatar Petroleum has started the development drilling campaign of the North Field East Project to expand the production capacity of the world’s biggest natural …

Oil&Gas Drilling

Non OPEC+ Crude Oil Supply Cuts

The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Sunday to reduce output by 9.7 million barrels per day (bpd).

Oil&Gas Drilling

OPEC, Non-OPEC Reach Oil Cuts Deal Amid COVID-19

An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday.

Oil&Gas Drilling

LUKOIL Moves to Next Stage of North Caspian Field Development

​Russian oil major LUKOIL said on April 10 the company has moved on to the next stage of facilities construction for the Valery Grayfer field being the launch …

Oil&Gas Drilling

Government Admits BP Drilling Permit Process was Unlawful

The government admits it acted unlawfully in granting BP’s permit to drill for new oil in the North Sea, a Greenpeace legal challenge reveals, after officials …

Oil & Gas Trade

U.S. Goes Ahead With Oil, Gas Lease Sales Despite Price Crash

Despite calls for immediate suspension of oil and gas drilling lease sales on federal land amid slumping prices, the U.S. will hold lease sales this week in fou…

Oil&Gas Drilling

Total Makes New Gas & Condensates Discovery in the North Sea

Total, Operator, and its partners have made an encouraging discovery with the Isabella 30/12d-11 well on the license P1820, located in the Central North Sea off…

Oil&Gas Drilling

CNOOC Makes Large Oil Discovery in Bohai Bay

Chinese oil and gas company CNOOC Limited has made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil field in La…

Oil&Gas Drilling

Russia Makes Move On Antarctica’s 513 Billion Barrels Of Oil

Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Anta…

Oil&Gas Drilling

Shell and ExxonMobil Plan for Exploration of Blocks Offshore Somalia

The Ministry of Petroleum and Mineral Resources of Somalia has agreed on an initial roadmap with the Shell/ExxonMobil joint venture focused on the next steps to…

Oil&Gas Drilling

Equinor Strikes Oil Near Gudrun Field in North Sea

Equinor has made an oil discovery near the Gudrun field following the conclusion of the drilling of wildcat wells 15/3-12 S and 15/3-12 A in the central part of…

Oil&Gas Drilling

Lebanon Launches Oil and Gas Exploration Project

​Lebanese President Michel Aoun on Thursday inaugurated the country's first offshore oil and gas exploration, the President's office said in a statement.