The country’s oil and gas resources management body will launch a tender for exploration licenses in the blocks by the end of June.
Read More »Norway Offers Oil Companies 93 New Blocks in Arctic Waters
New exploration acreage promotes long-term activity. value creation and profitable employment in the petroleum industry across the country.
Read More »South Pars Output at 1.6m Barrels
The South Pars oil layer is located 130 kilometers off Iran'.s coast in the Persian Gulf with an estimated 7 billion barrels of oil in place.
Read More »Halliburton Hopes for Further Success in Azerbaijan
Halliburton Co renders services in oil and gas production sphere worldwide.
Read More »SOCAR Overhauls Platform at Darwin Bank Field
In 2016. SOCAR produced 7.52 million tons of oil from Azerbaijan’s offshore and onshore fields. as compared to 8.16 million tons in 2015.
Read More »Schlumberger introduces Rigless Formation Evaluation. Monitoring for Any Reservoir
The service has been run to successfully guide completions designs in more than 60 wells in all the major shale plays in North America.
Read More »Rosneft Discovers Possible Largest-Ever Oil Deposit on Arctic Sea Shelf
Rosneft experts while drilling a prospecting well on the shelf of the Khatanga Bay of the Laptev Sea found that the core is saturated with oil.
Read More »Statoil to Devote Quarter of Research Budget to Low Carbon Tech
Statoil’s strategy focuses on safety. high value creation and low carbon.
Read More »Oil Market Fundamentals Heading in Right Direction
OPEC members Libya and Nigeria were exempted from the supply cuts because unrest had curbed their output.
Read More »Shale Gas Giants Battle for Dominance as U.S. Supplies Surge
As natural gas prices rebound from last year’s historic lows. output from the Marcellus shale basin in the U.S. East and the Permian reservoir in Texas is driving a rebound in America’s production of the fuel.
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