Repsol and Gazprom Neft are set to extend their collaboration in west Siberia after signing a Memorandum of Understanding.
Rosneft is performing the drilling of the northernmost exploratory well on the Eastern Arctic shelf following a comprehensive geological study.
Russian oil output averaged 11.11 million bpd in February 2017, representing no further output reductions relative to the January 2017 level.
Beginning in early April 2017, FairfieldNodal will commence back-to-back surveys in the North Sea, continuing what is expected to be a busy acquisition season.
The board of directors has reached an agreement with Rex W. Tillerson, former chairman and CEO, to sever all ties with the company to comply with conflict-of-interest requirements associated with his nomination as secretary of state.
The execution of the Basic Agreement was approved in a meeting of the OMV Supervisory Board on 14 December, but is still subject to signing of the Basic Agreement by the parties. The signing is expected to take place during the course of the day.