Latest news
Lukoil reaches 100 MMt of oil at West Qurna-2 field
Cumulative production at the West Qurna-2 field has reached 100 MMt of oil as part of successful implementation of Phase 1 of the project. With 184 wells drilled at the field, the average daily production rate is 400,000 bbl.
read more... 24/04/2019
BP, partners to go ahead with $6bn ACE project offshore Azerbaijan
BP and its partners in the Azeri-Chirag-Gunashli field (ACG field) have approved the $6bn Azeri Central East project (ACE project), which marks the next stage of development of the super-giant offshore Azerbaijani oilfield in the Caspian Sea.
read more... 23/04/2019
Gate LNG volumes rocket in Q1
Liquefied natural gas (LNG) throughput volumes at the Dutch Gate terminal rose 143 percent in the first quarter year-on-year, according to the data released by the Port of Rotterdam.
read more... 23/04/2019
Repsol Sinopec eyes extra 10 million barrels from North Sea assets
Repsol Sinopec Resources UK has started working on projects across a number of its assets in the UK North Sea that should realize in the region of an additional 10 million barrels of oil equivalent (boe), beginning later this year.
read more... 22/04/2019
France’s Total to invest in Russian LNG terminals in Arctic & Far East
The CEO of energy major Total has announced plans to buy a share in projects aimed at constructing terminals for transferring liquefied natural gas (LNG), led by Russia’s biggest independent gas producer Novatek.
read more... 22/04/2019