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
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
Azerbaijan cuts average daily oil production within OPEC agreement
Azerbaijan has submitted the data on the daily oil production in the country for March 2019 to the joint technical commission of the OPEC monitoring committee, Trend reports referring to the country's Energy Ministry on April 10.
read more... 11/04/2019
Energean begins production from Epsilon oil field offshore Greece
Energean Oil and Gas has started production from the Epsilon oil field located in the Gulf of Kavala in the Aegean Sea off the coast of northern Greece.
read more... 10/04/2019