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Oil & Gas
Russia’s Gazprom and LUKOIL Mull JV for Developing Fields in Nenets Area
The Vaneyvisskoye and Layavozhskoye fields have the aggregate recoverable reserves of 27.4 million tons of liquid hydrocarbons and 225.3 bcm of natural gas
Oil & Gas
Oil Major BP Significantly Downsizes Oil Exploration Division
As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its oil and gas explorati
Oil & Gas
China Locates Oil and Gas Field in South China Sea
China has located an offshore oil and gas field in the South China Sea, according to the China National Offshore Oil Corporation on Monday.
Oil & Gas
Rystad: Oilfield Services Sector will Struggle to Repeat Former Glory Amid Energy Transition Push
the transition to cleaner energy technologies is accelerating and many suppliers will have to make existential changes to survive. Rystad Energy has evaluated w
Oil & Gas
Apex Makes Oil Discovery in Egypt
Apex International Energy announced a new oil discovery in Southeast Meleiha Concession, located in the Western Desert of Egypt.
Oil & Gas
Energean Approves Israel Gas Field Development
The Karish North field, which was discovered less than two years ago, is expected to start production in the second half of 2023, the company said in a statemen
Energy Economy
Venezuela Proposes Deals Allowing Private Companies to Operate Oil Fields
Neither company responded to requests for comment, and neither did PDVSA nor Venezuela's oil ministry
Oil & Gas
Iran Signs 8 more Oil Projects as Part of plan to Boost Output by 355,000 b/d
The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil productio
Oil & Gas
China's Sinopec Builds First Phase of New Shale Gas Field in Sichuan
Weirong, located in Neijiang and Zigong cities, is the state energy giant's second major shale gas development after Fuling, which is also located in the same S
Oil & Gas
Italy’s ENI and UAE’s SNOC Begin Gas Production from Mahani Field in Sharjah
Italian energy major ENI and Sharjah National Oil Corporation from the United Arab Emirates announced on January 4 production start-up from the Mahani field, lo
Oil & Gas
Cambodia Prepares To Produce Its First Oil
As Asian oil demand looks set to increase over the next decade, Cambodia is taking advantage of the opportunity with its first crude oil production.
Oil & Gas
Cambodia Starts First Crude Oil Production After Years of Delays
Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore’s KrisEnergy Ltd and the government, both
Oil & Gas
KrisEnergy Starts up Cambodia’s First Offshore Oil Field
KrisEnergy started producing oil from Cambodia’s first oil field in the offshore Block A concession on 28 December 2020.
Oil & Gas
Lukoil Reaches Oil Output Milestone on North Caspian Sea Fields
Russian independent oil company Lukoil has exceeded a cumulative production of 35 million tonnes from its Yury Korchagin and Vladimir Filanovsky fields in the N
Oil & Gas
Eni: New Oil Discovery and New Production in the Western Desert of Egypt
New oil resources discovered in the Western Desert of Egypt with a new exploration well in Meleiha Concession. The new discovery adds 10,000 barrels of oil per
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