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UAE to invest $5 billion in Pakistan refinery project soon: report

ISLAMABAD: Talks between Pakistan and the United Arab Emirates on an $5 billion oil refinery project have almost completed and the project would be launched by the end of this year, it emerged Friday.

read more... 04/10/2019

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PGNiG gets nod to drill its second operated well in Norway

PGNiG’s subsidiary PGNiG Upstream Norway AS will drill the well 6507/5-9 A using the Deepsea Nordkapp semi-submersible drilling rig. The well is located in the production license 838, southeast of the Skarv field.

read more... 02/10/2019

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Rosneft Discovers New Field Offshore Sakhalin

As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vostochno-Pribrezhny license block on the shelf of Sakhalin Island, resulting in the discovery of a new oil field.

read more... 01/10/2019

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ExxonMobil sells Norway offshore fields to Vår Energi for $4.5 billion

The U.S. major on Thursday said the deal was part of its plan to sell $15 billion worth of non-core assets by 2021.

read more... 27/09/2019

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BP awards key contracts for $6 billion worth Caspian Sea project

BP, as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, has awarded key contracts for the the Azeri-Central-East (ACE) project located in the Azerbaijan’s sector of the Caspian Sea. Some of the construction activities have already started and will run through mid-2022.

read more... 17/09/2019

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