Oil & gas news

Anniversaries marked as Rosneft celebrates its involvement in the Okhotsk oil and gas province.

Pacific Rubiales has entered into a three year Memorandum of Understanding and Cooperation with Pemex.

Five stand-out stories from this week’s upstream oil and gas news.

Eran Chvika, Norton Rose Fulbright LLP, Paris, explains the importance of reserve based lending for funding oil and gas projects.

Stellar Resources has advised that the Horse Hill-1 well has now been drilled to the third casing point at 6612 feet.

Marathon Oil has closed the transaction with Det norske for the sale of its Norwegian business for US$ 2.7 billion.

Projects in Saudi Arabia have the most recoverable reserves among the world’s top upstream developments, according to GlobalData.

Meta recently won the Innovation of the Year Award at the 2014 Africa Oil & Gas Awards.

Petronas’ exploration and production subsidiary has ordered Kongsberg’s SiteCom® real-time drilling operations software.

AccessESP has revealed its next generation, rigless ESP conveyance system, Access375.