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Oilfield
Oil Field
China’s First Deepwater Oil Project Reaches Full Capacity
China has launched full-capacity production at its first independently developed deepwater oil project, which is located in the eastern section of the South Chi…
Oil Field
Russians Decide Against Selling Iraqi Oilfield to China
Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies.
Oil Field
South Sudan Readies for 2020 Oil Licensing Launch
The Minister will also announce a tender for an environmental audit for the country’s producing oilfields at the SSOP conference.
Oil Field
Shell Greenlights Gulf of Mexico 'Whale' Oilfield Project
Royal Dutch Shell announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court ord…
Oil Field
CNOOC Brings Online Another Oilfield off China
Chinese oil and gas giant CNOOC Limited has started production from its Luda 29-1 oilfield, which is located offshore China.
Oil Field
China: Daqing Oilfield's Oil and Gas Achieved Double Overproduction in the First Half
As of June 30, PetroChina’s Daqing Oilfield had completed domestic and international oil and gas production equivalent of 21.54 million tons, an increase of 86…
CCS
Sinopec Launches China's First Megaton CCUS Project
China Petroleum & Chemical Corporation announced on July 5 that it will start the construction of China's first megaton carbon capture, utilization and storage …
Oil Field
BP and Lukoil Considering Selling Stakes in Iraq
Oil minister describes country's investment environment as 'destructive' for international oil companies
Oil Field
Argentine Energy Firm CGC Buys Local Unit of China's Sinopec
The Chinese-owned unit operates over 20 oilfields in the San Jorge and Cuyo Basins in Argentina with assets covering some 4,600 square kilometers.
Oil Field
U.S.-Controlled Oilfield In Syria Attacked By Rockets
A key oilfield near a U.S. military base in Syria’s Deir Ezzor region came under rocket attack on Monday, hours after the U.S. military said on Sunday it had c…
Oil Exploration
CNOOC Starts up New Phase of Oilfield off China
Chinese oil and gas giant CNOOC Limited has started production from the Weizhou 11-2 oilfield phase II project located in Chinese waters.
Net Zero Emission
Schlumberger Commits to Reaching Net-Zero by 2050
Giant oilfield services provider Schlumberger is the next company in line to commit to achieving net-zero greenhouse gas emissions by 2050.
Oil Field
Iran Kickstarts Production At Giant Offshore Oilfield
Iran has started pumping oil at a giant new reservoir at the offshore Abuzar oilfield in the Gulf.
Crude Oil
Oilfield Services Receive A Major Boost As Oil Prices Rally
The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices.
Crude Oil
Lundin Energy Boasts Carbon Neutral Oil Production
Lundin Energy, a minority partner of Equinor in the giant Norwegian oilfield Johan Sverdrup, said on Wednesday that all future barrels of it would sell from Wes…
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