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SOCAR produced 2.46 million tons of oil from offshore and onshore fields in January-April 2017 as compared to 2.52 million tons in the same period of 2016.
Read More »SOCAR Modernizes Platform at Darwin Bank field
Russia. Saudis See Oil Inventories Falling After Price Drop
Short-term variations in supply won’t affect the long-term trend of declining inventories. Al-Falih said.
Read More »SOCAR Drilling New Well on Oldest Field in Caspian Sea
SOCAR produced 2.46 million tons of oil at Azerbaijan’s offshore and onshore fields in January-April 2017.
Read More »Statoil to Drill in Great Australian Bight after Signing Deal with BP
Norwegian company will take over two exploration permits from BP. which had scrapped its own drilling plans in December.
Read More »Gazprom Neft to Develop Digital Technologies in Conjunction with Skoltech
The signed agreement is directed at promoting a long-term partnership between the two organizations to promote the development of promising projects and new opportunities in oil and gas.
Read More »SOCAR: Production at Shafag-Asiman Gas Block May Start in 2030
SOCAR and BP signed a contract on the Shafag-Asiman block of fields for a period of 30 years in October 2010.
Read More »Baker Hughes Rig Count Climbs for 20th Consecutive Week
The Permian Basin of west Texas and New Mexico has seen the predominant boost in U.S. activity.
Read More »Saudi Aramco Partners with Hyundai. Lamprell and Bahri to Build GCC`s Biggest Shipyard
The deal will develop a world-class maritime yard within the King Salman International Complex.
Read More »Technology Dispute Interrupts Statoil`s Arctic Drilling Campaign
Statoil stepped up exploration efforts this year. focusing on the Barents Sea.
Read More »Oil Prices Slide
The pain for OPEC will increase to such a point that 100% compliance is unrealistic.
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