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The other partners are oil majors Shell with 8.1 percent. Total with 3.7 percent and ConocoPhillips with 1.6 percent.
Read More »Statoil and Partners Plan Output Capacity Expansion at Norway`s Troll Gas Field
UAE Company to Take Part in Azerbaijan’s Absheron Field Development
Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate.
Read More »Schlumberger to Help IOG with Southern North Sea Development Plans
The letter of intent covers the Blythe Hub and Vulcan Satellites Hub developments in the southern North Sea.
Read More »India in Talks to Acquire 20 Percent of UAE Oilfield
India imports oil to meet most of its growing energy demand.
Read More »Gulf of Mexico Deal Shows Total Hungry for Exploration Again
The new Chevron partnership could revitalize Total’s portfolio in the GoM.
Read More »UK`s Oil Industry `Entering Final Decade of Production`
The UK urgently needs a bold energy transition plan. instead of trusting to dwindling fossil fuel reserves and possible fracking.
Read More »Statoil and Eni Hire Bristow Helicopters for Offshore Operations
These long-term contracts mean that Hammerfest will be an important helicopter base for us for many years to come.
Read More »Halliburton Introduces New Drill Bit for High Energy Applications
Recent years have seen advances in drilling equipment and practices that have enabled operators to significantly increase energy and drilling speed to reduce costs.
Read More »Sub-$50 Oil Could Kill Shale
There are a few reasons to be skeptical that the momentum will carry crude prices higher than current levels.
Read More »South Pars Phase 14 Gains Momentum
In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.
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