Tag Archives: Drilling

The natural gas extracted from the drilling will be equal to 1.5 times the 50 billion cubic metres of gas Turkey imports annually.

A drilling boom in the United States has allowed the government to store more oil than it needs to meet international spare supply agreements.

This is a key milestone on the path to a final investment decision for our initial two-train LNG project.

The project’s first phase includes initial production of NGLs. including condensate and LPG. Dry gas will be exported during the second phase of the project.

In recent months. onshore U.S. oil producers have seen oil field service costs rise with the increase in drilling activity in places like West Texas and Oklahoma.

Statoil is cutting its exploration guidance for this year from US$1.5 billion to US$1.3 billion related to efficiency gains and stricter prioritization.

Shares of major shale producers. including Pioneer Natural Resources Co. and EOG Resources Inc.. tumbled this week as investors began to lose confidence in the prolific Permian basin.

China insists oil and gas exploration is taking place within its own waters after long-standing territorial dispute flares up.

The oil and gas sector produces an enormous amount of data. Activities such as drilling. exploration. maintenance and production all produce valuable information that until recently has been too vast to process effectively.

With 137.6 billion barrels of proven reserves. Iran has the world’s fourth largest crude deposits.