Valemon is a gas and condensate field in the northern sector of the North Sea. just west of Kvitebjørn. The field has been developed using a fixed production platform. Production began in 2015.
Read More »US Sanctions Will Not Affect Construction of Turkish Stream. Akkuyu NPP
Akkuyu NPP is expected to be launched by 2023. Donmez said.
Read More »Russian Watchdog Says Schlumberger-Eurasia Drilling Deal ‘Has Big Problems’
In 2015 Schlumberger agreed to buy 45.65% of EDC for $1.7 billion but the deal fell through after FAS repeatedly postponed its approval.
Read More »SOCAR Gets 4 New Licenses in Turkey
It is expected that in 2018. the consolidated turnover of SOCAR Turkey Enerji will reach $15 billion.
Read More »Maersk Oil on the Rise even as Drilling Battles Tough Market
Maersk Oil exploration costs are now expected to be below the 2016 level’s of $223million.
Read More »SOCAR. LUKOIL Eager to Acquire Assets in Turkish Market
LUKOIL owns a 10-percent stake in the consortium for the development of the giant Shah Deniz gas field in Azerbaijan.
Read More »India Uses Bio Fuel for Its Warships
India'.s crude oil import bill is expected to increase 23% from $70 billion in 2016-17 to $86 billion in 2017-18.
Read More »Kuwait Says Oil Spill Strikes Its Waters in Persian Gulf
Tiny Kuwait. an OPEC member nation. has the world'.s six-largest estimated oil reserves.
Read More »Russia Nominates Gerhard Schroeder for Rosneft Board
Rosneft. Russia'.s biggest oil producer. is 50 percent state-owned.
Read More »BG Group. Now Part of Shell. Stung Over Safety Failings
Investigators found that a gas detection system. which formed part of the current fire and gas detection assessment. had never been installed.
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