Previous bidding rounds had specific contract models that covered costs and paid a remuneration fee for production.
Read More »Technology. a Pivot for Baker Hughes as GE Mulls Exit Options
The technology focus is expected to continue for the company. which has plans for launches this year.
Read More »Schlumberger to Build Land Rigs at King Salman Energy Park
The new center will manufacture products for drilling. exploration and production. as well as midstream.
Read More »Battle to Put Out Burning Oil Well Worked
Rag Sefid field. holds an estimated 16.5 billion barrels of crude oil in place.
Read More »Wintershall Eyes Khuzestan Oilfield
Tehran has intensified efforts to involve foreign oil and gas majors in its key petroleum industry.
Read More »Venezuela Could Lose A Lot More Oil Production
Venezuela is ordering its embassies around the world to renegotiate rents at their diplomatic missions.
Read More »Venezuelan Oil Output Heads to 29-Year Low
PDVSA made an overdue $1.1 billion bond principal payment this week.
Read More »U.S. Oil Service Firms Face Hit from Venezuela Debt Restructuring
Schlumberger has about $700 million at risk. including receivables and a promissory note for past work.
Read More »Kish Field Development Talks Underway
Total. Gazprom. Schlumberger. Pertamina and Petronas are among the oil majors studying Iran'.s hydrocarbon reservoirs.
Read More »Schlumberger Introduces Integrated Seat Technology Ball Valve
Conventional ball valves tend to become larger in size and weight as oil and gas companies explore harsher environments.
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