Oil & gas news

The platform is being constructed in the Kamennomysskoye-Sea gas field, located in the Ob Bay of the Kara Sea.

As Total and CNOOC develop billions of barrels of proven oil reserves near Lake Albert, the Ugandan government is committed to attracting more investment into the development of its hydrocarbons potential through the Second Licensing Round.

Oil prices gained this morning, as traders ignored new Covid-19 spikes, partly correcting losses of previous sessions.

The regulation covers matters such as the extension of the productive life of mature fields and the exploration of marginal and onshore fields along with investments in deep and ultra deepwater acreages.

The company will continue to support the offshore operations of an international oil and gas company in Brunei.

The plan released by the Interior Department’s Bureau of Land Management revokes an Obama-era management system for a huge swathe of federal land on the western North Slope, the National Petroleum Reserve in Alaska.

This will be the third consecutive quarter in which Occidental takes a writedown, bringing the total to as much as US$12 billion in the last nine months, more than half of its market capitalisation.

The FPSO operating the well has the capacity to process up to 150 000 bpd and treat up to 6 million m3 of natural gas.

The three-year contract began on 1 May and will employ 144 Danos personnel in a variety of positions.

Zenith has ceased all oil production operations in Azerbaijan and all field production personnel, approximately 170 employees, have been transferred to a division of SOCAR.