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Oilfield
Oil Field
Kazakhstan to Build Gas Processing Plant at Kashagan
Kazakhstan intends to build a gas processing plant at oilfield in west of Kazakhstan – Kashagan, Minister of Energy Nurlan Nogayev told a briefing on May 27.
Oil&Gas Drilling
Saipem and Equinor Sign Major Engineering Services Pact
Norwegian energy firm Equinor has awarded Italian oilfield service company Saipem a two-year frame agreement to provide engineering services globally.
Oil & Gas Trade
Russia’s Oil Giant Rosneft Quits All Venezuelan Operations
Russia’s largest oil producer, Rosneft, confirmed on Friday that it had discontinued all operations in Venezuela, including in joint ventures, trading, and oil…
Oil Field
Ghana Instructs Eni and Local Producer to Combine Oil Fields
Ghana has directed Eni SpA and Springfield E&P to begin talks to combine their adjacent oil and gas fields.
Oil Price
Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse
Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields produ…
Oil Field
Neptune Energy Sees Delay to Start-Up of Fenja Oilfield
Production at the Fenja oil and gas field off Norway will be delayed due to the restrictions imposed as a result of the COVID-19 outbreak.
CNPC
CNPC Starts Building a 5.6 bcm Gas Storage Project in Xinjiang (China)
China National Petroleum Corporation (CNPC) has started to build the Wenjisang gas storage cluster project in Tuha Oilfield in the Xinjiang Uygur Autonomous Reg…
Oil Field
Equinor Says Sverdrup Oilfield to Produce More, Faster than Expected
The Johan Sverdrup field is ramping up production at a faster rate than initially expected.
Oil & Gas Trade
China's Major Oilfields Maintain Pace Amid Oil Crash
Crude oil prices dropped below break-even operating expenses for Chinese oil companies, but major oil fields have maintained stable production. Faced with press…
Oil & Gas Trade
Kuwait, Saudi Arabia Start Trial Oil Pumping from Divided Zone: Kuwait Minister
Kuwait and Saudi Arabia will start trial oil production from the jointly-operated Wafra and Khafji oilfields on Sunday, Kuwait’s oil minister said.
Oil & Gas Trade
Oil Bankruptcies Are Reaching Worrying Levels
Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and gas producers, oilfield services a…
Oil & Gas Trade
Kuwait and Saudi Arabia Start Work to Resume Oil Output from Khafji – Sources
Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with ini…
Crude
Pipeline Closure Risks Taking Nearly all Libya's Oil Offline
Two major oilfields in southwest Libya began shutting down on Sunday after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national outpu…
Oil&Gas Drilling
Huge New Field Sends Norway’s Oil Production To 9-Year-High
The start-up of the massive Johan Sverdrup oilfield sent Norway’s oil production rising to a nine-year high in December 2019, beating the authorities’ forecas…
Oil & Gas Trade
Petrofac Clinches Deals Worth £100m in Oman
Oilfield service firm Petrofac said today that it had clinched £100 million worth of work with Petroleum Development Oman (PDO).
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