In 2018. exploration added at least 10.5 billion barrels of oil equivalent in conventional new field volumes.
Read More »Oil Holds Gains on Signs of Shale Slowdown as OPEC Output Falls
Oil has rebounded this year as OPEC’s production cuts have taken effect.
Read More »New Record of Deepwater Oil Production
The industry has started to increase investments in deepwater after the downturn.
Read More »Total`s New Discovery in UK North Sea
The discovery in Glengorm follows Total Energy’s success at the Glendronach field in the North Sea.
Read More »NIDC Will Drill 16 Wells in Iran`s Azadegan Oilfield
Raising production from South Azadegan Oilfield is a declared policy of the Petroleum Engineering and Development Company.
Read More »US will Become Net Energy Exporter in 2020
The US became a net exporter of natural gas on an annual basis in 2017.
Read More »NIOC Subsidiaries Sign 9 Maintenance. EOR Deals with Domestic Firms
The deals were signed in a ceremony attended by Oil Minister Bijan Namdar Zanganeh on Tuesday.
Read More »Big Bet on Offshore Drilling In 2019
Big Oil will probably approve about 110 offshore projects this year.
Read More »BP could Find New Gas Giant Offshore Azerbaijan
BP is targeting the Shafag-Asiman area. which could be a similar size to Shah Deniz 2.
Read More »Novatek Initiates Crude Oil Production in the Russian Yaro-Yakhinskoye Field
The launch of the crude oil program will make a significant contribution to the company'.s liquids production growth.
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