Latest news
Russia’s Gazprom Neft Boosts Oil Output Capacity In Kurdistan
Russian oil producer Gazprom Neft has increased the production capacity of its Sarqala Field in Iraqi Kurdistan by 25% by launching a third production well.
read more... 05/04/2019
Lukoil has concluded Zhenis block's exploration and development in Kazakhstan
PJSC Lukoil, the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (50/50 joint venture between Lukoil and KazMunayGas) will be operator of the project.
read more... 04/04/2019
Russia remains China’s largest crude oil source for 3rd year
China's dependence on imported crude oil has climbed to about 70 percent with Russia remaining the country's largest supplier for three consecutive years from 2016 to 2018, said an industry report.
read more... 25/03/2019
Azerbaijan suspends pumping oil through Baku-Novorossiysk
According to Azerbaijan´s Trend, the country has suspended oil pumping through Baku-Novorossiysk, said Ibrahim Ahmadov, Deputy Head of the Public Relations Department at SOCAR.
read more... 19/03/2019
Aker Energy announces successful drilling results offshore Ghana
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) Block, announces that it encountered oil in the Pecan South-1A well, offshore Ghana. A sidetrack will now be drilled to further appraise the volume potential.
read more... 05/03/2019