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Oilfield
Oil Field
Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil
Norway’s Equinor and U.S. supermajor ExxonMobil have reached the final investment decision to develop the Bacalhau oilfield in Brazil’s prolific pre-salt area…
Energy Investment
Oilfields Supply Center Makes $570 million Investment in King Salman Energy Park Energy Hub
Oilfields Supply Center Limited has awarded a contract to construct its OSC base in the Kingdom.
Oil Field
L&T Secures Contract to Build Large Oil & Gas Supply Bases in Saudi Arabia
The company said that the project involves constructing industrial facilities of different sizes, an administration building, ancillary buildings, associated in…
Video: China's Oilfield Put in Efforts to Reduce Carbon Emission, Increase Oil Production
Shengli Oilfield in China has rolled out significant measures to reduce emissions of carbon dioxide, which have simultaneously helped to increase oil production…
Oil & Gas Trade
Libya’s Largest Oilfield Could See Exports Interrupted
The largest oilfield in Libya, the 300,000-bpd Sharara field, could see crude oil exports from it disrupted if members of the Petroleum Facilities Guard follow …
Electric Vehicle Battery
Schlumberger Building Nevada Li Pilot Plant
US oilfield services giant Schlumberger is dipping its toes into lithium extraction with a new pilot plant in Nevada as automakers boost production of battery-p…
Oil Field
China's New Offshore "Green Oil Field" has been Put into Operation
On the 15th, China National Offshore Oil Corporation announced that the Caofeidian 6-4 oilfield was put into operation.
Oil Field
Video: Tarim Oilfield Supplies over 270 bln Cubic Meters Gas to East China
Tarim Oilfield in Xinjiang, NW China, has supplied over 270 billion cubic meters of natural gas to 15 provinces and regions via the country's West-to-East gas p…
Oil Field
Rystad: Oilfield Services Sector will Struggle to Repeat Former Glory Amid Energy Transition Push
the transition to cleaner energy technologies is accelerating and many suppliers will have to make existential changes to survive. Rystad Energy has evaluated w…
Oil Field
China's Changqing Oilfield Exceeds 60 million tonnes of Annual Output
Changqing Oilfield, China's largest oil-and-gas field, has produced over 60 million tonnes of oil equivalent of crude oil and natural gas so far this year to hi…
Crude Oil
Marginal Oilfields Output Dips to 1.52mb
Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil a…
Oil Field
China Looks To Buy Stake In A Major Iraqi Oilfield
State giants China National Petroleum Corporation and China National Offshore Oil Corporation are interested in buying ExxonMobil’s entire operating stake in o…
Paris Climate Agreement
Halliburton to Set Science-Based Emission Reduction Goals
Oilfield services provider Halliburton Co said on Thursday it would set greenhouse gas emission reduction targets in line with what the latest climate science o…
Oil Field
Nigeria's NNPC Says First Oil Flowing from Anyala Offshore Field
Nigerian state oil company NNPC and First E&P have begun oil production at the Anyala oilfield, NNPC announced on Thursday.
Oil Field
Sudan to Start Producing Oil at Al-Rawat Oilfield within Two Weeks
Sudan has been trying to lift oil production to lower costly fuel imports after losing 73% of oil output when South Sudan seceded in 2011.
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