The rig’s maximum drilling depth is reported to be 20.000 feet. and the structure is able to tolerate a maximum static load of one million pounds.
Read More »Gazprom to Get China on Board as a Major Energy Customer for Russia
Gas prices have plunged since 2014 when China and Russia agreed to the Power of Siberia gas pipeline project.
Read More »India in Talks with Russia for Long-Term Import of Crude Oil
Indian oil and gas companies are positively considering to participate in exploration of oil and gas in Russia’s Far East region.
Read More »US has Prevented $6bn Russia-Germany Gas Pipeline
It’s going to be a very long delay. because Russia doesn’t have the technology.
Read More »OPEC Underestimates China Virus
China’s own oil consumption is down sharply as factories stay closed and travel restrictions remain in place.
Read More »OPEC Says Coronavirus to Trim 2020 Oil Demand
OPEC and its partners have been limiting supply since 2017.
Read More »Capital Market Able to Meet 50% of Oil Industry’s Investment Needs
Investment risks should be offset by increased interest rates and returns.
Read More »Gazprom Enters New Era with Pledge for more Generous Dividends
To mitigate potential market risks. Gazprom has set aside 676.5bn roubles ($10.7bn) in its budget for this year.
Read More »Europe’s Southern Gas Corridor almost ready
The total cost for the entire Southern gas corridor is close to $40 billion.
Read More »BP Acquires Fiber Optics Developer Fotech
Fiber optic sensing solutions have proven themselves invaluable in protecting pipelines. perimeters and borders around the world.
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