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Russia ready to invest $50 billion in Iran’s oil & gas projects

Ali Akbar Velayati, Ayatollah Ali Khamenei’s top diplomat, said after the meeting with President Vladimir Putin, that Russian President has announced his country’s readiness to make $50 billion of investment in Iran’s oil and gas projects.

read more... 16/07/2018


Savannah makes oil discovery at Kunama-1 exploration well in Niger

The oil find at the Kunama-1 well, which was drilled by the GW 215 Rig to a total measured depth of 2,460m, marks the firm’s third consecutive discovery in its maiden exploration campaign in the R3 portion of the R3/R4 PSC Area in ARB.

read more... 13/07/2018


Russia extends Kharyaga oil field PSA with Total to 2031

The Russian government is extending a production sharing agreement with France's Total for development of the Kharyaga oil field by 13 years to the end of 2031, in the latest sign that many Western majors' operations in Russia are continuing despite sanctions on the oil sector.

read more... 11/07/2018


Baku-Tbilisi-Ceyhan pipeline carried nearly 3B barrels of oil to global markets over 12 years

Carrying Azerbaijan's oil extracted from the Caspian Sea to the international markets, the Baku-Tbilisi-Ceyhan (BTC) crude oil pipeline, which was dubbed as the energy project of the century at the time, has transferred nearly 3 billion barrels of crude oil from its offshore terminal in Ceyhan since 2006.

read more... 09/07/2018


Equinor to buy Barra's 10% stake in Brazil's Carcara

Barra Energia CEO Renato Bertani (left), and Anders Opedal, Equinor Brazil country manager (right). Photo courtesy of Equinor.

read more... 05/07/2018