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Oil field
Oil Field
China Discovers 900m-Tonne Oil and Gas Field in Xinjiang
China has discovered a new 900-million-tonne oil and gas field in the Tarim Basin in the northwestern Xinjiang Uygur Autonomous Region after six years' intensiv…
Crude Oil
Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its mos…
Crude Oil
Lundin Energy Boasts Carbon Neutral Oil Production
Lundin Energy, a minority partner of Equinor in the giant Norwegian oilfield Johan Sverdrup, said on Wednesday that all future barrels of it would sell from Wes…
Crude Oil
Equinor Delays Restart of Brazil Oil Field to 2022
Norway's Equinor plans to restart production and complete a second development phase at the Peregrino offshore oil field in first half 2022, extending an interr…
Oil & Gas Trade
ExxonMobil Exit Delay Threatens Baghdad’s Oil Future
Disagreements prompting the delay to ExxonMobil's exit from Iraq's West Qurna 1 field could have longer-term ramifications for Iraq's upstream oil and gas secto…
Crude Oil
Pharos Energy Finds Oil in Two Reservoirs at Egyptian Well
The Batran-1X commitment exploration well was drilled 4 kilometers west of the Main Tersa-1X well
Oil&Gas Drilling
Jadestone to Close Maari Field Deal in 2H 2021
Singapore’s Jadestone Energy expects to complete the acquisition of the 69 per cent operated interest in the Maari asset.
Oil & Gas Supply
Uganda Stands to be one of Sub-Saharan Africa’s Top Five Oil Producers by 2025
With the East African Oil Pipeline project recently getting the go-ahead, Uganda is set to produce its first oil as early as 2025 and production in the next fiv…
Oil Field
Australia’s Karoon Takes FID on Patola Oil Field
Australian independent Karoon Energy has made a positive final investment decision on the 10,000 b/d Patola oil field in the Santos basin offshore Brazil at a d…
Oil Field
Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil
Norway’s Equinor and U.S. supermajor ExxonMobil have reached the final investment decision to develop the Bacalhau oilfield in Brazil’s prolific pre-salt area…
Oil&Gas Drilling
Turkey to Extract Oil from 3 New Onshore Wells: Energy Minister
Turkey will extract oil from three newly discovered wells in the country's Diyarbakir and Kirklareli provinces.
Oil Field
Adnoc Awards $744m Offshore Field Contract to NPCC
The Belbazem block is being developed to reach a production capacity of 45,000 bpd, with the first barrel of oil expected in 2023
Oil Field
Shell in Talks with Nigeria to Exit Onshore Oil Fields as Part of Green Push
After half a century of pumping oil out of Nigerian swamps, Royal Dutch Shell Plc acknowledged that its spill-prone operations there aren’t compatible with pla…
Oil Field
BP in Talks to Sell 28% Stake in UK North Sea Field
The company had agreed last year to sell the Shearwater and Andrew projects to Premier Oil but the deal fell through
Oil Field
Chevron Shuts in Tamar Gas Field Amid Unrest in Israel
Oil and gas giant Chevron has shut down production at its operated Tamar field located offshore Israel amid escalating violence and tensions in the region.
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