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Oil&Gas Drilling
Equatorial Guinea Extends Oil and Gas Exploration Licenses by Two Years
The minster continued: “Liquidity is very important right now. The last thing we want is for [companies] to decide that it is not economical to operate in-coun…
Oil&Gas Drilling
Fenja, Neptune's First Operated Development Project on the Norwegian Shelf
On April 28, Neptune Energy announced the drilling campaign on the Fenja field is now underway.
Oil&Gas Drilling
Russia’s Grand Plan For Arctic Oil Is Under Threat
Russia's oil sector has been at the center of virtually all developments in its modern history. Imperial Russia already produced oil in the early days of the in…
Beach Energy Vows to Defend Itself After US Drilling Company Lobs Suit
Bankrupt Diamond Offshore Drilling has sued ASX-listed oil and gas producer Beach Energy for abruptly terminating a $US65 million ($101 million) drilling contra…
Crude Oil
$10 Oil Forces U.S. Drilling Giant To File For Bankruptcy
Diamond Offshore Drilling has filed for Chapter 11 bankruptcy protection, becoming the second major victim of the oil market crash so far, after Whiting Petrole…
Oil&Gas Drilling
Satellites Reveal Depth of Permian Basin’s Methane Emissions Problem
A study shows leaked methane emissions across the Permian Basin in the 11 months to March 2019 were enough to supply two million homes with natural gas.
Geothermal Power Plant
Two Wells for Geothermal Heat Project Successfully Drilled in Champs-Sur-Marne
The strategic phase of the champs geothermal drilling activity on the Banks of the maon river has been successfully completed.
Oil&Gas Drilling
Diamond Offshore Files for Chapter 11 Bankruptcy Amid Historic Oil Price Crash
Diamond Offshore Drilling Inc., a rig contractor owned by Loews Corp., filed for bankruptcy.
Oil&Gas Drilling
Putin: OPEC+ Deal Should be Complied with by all Participants
The deal stipulates the oil production cut by 9.7 mln barrels per day in total in May-June 2020, by 7.7 mln barrels per day in July-December 2020 within the all…
Oil&Gas Drilling
Aker BP Postpones Oil Developments Amid Market Turmoil
The company has suspended all oil and gas development projects that have not yet received board approval because of the coronavirus-related plunge in crude pric…
Crude Oil
Trump Calls for U.S. Oil Industry Bailout as Prices Plunge
U.S. President Donald Trump said on Tuesday he has asked his cabinet to devise a plan to inject cash into the ailing U.S. oil-drilling industry to help it survi…
Oil&Gas Drilling
Qatar Starts Expansion Drilling At World’s Largest Gas Field
Qatar Petroleum has started the development drilling campaign of the North Field East Project to expand the production capacity of the world’s biggest natural …
Oil Field
Production of Iran's South Yaran Oil Field Increases
The oil production at the South Yaran joint oil field in Khuzestan province in southwestern Iran (this field is called Majnoon field in Iraq) was increased as a…
Oil&Gas Drilling
Non OPEC+ Crude Oil Supply Cuts
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Sunday to reduce output by 9.7 million barrels per day (bpd).
Oil&Gas Drilling
OPEC, Non-OPEC Reach Oil Cuts Deal Amid COVID-19
An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday.
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