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Equinor increases stake in Gulf of Mexico oilfield

Norwegian oil company Equinor has increased its stake in the Caesar Tonga oilfield in the U.S. Gulf of Mexico by buying Royal Dutch Shell’s 22.45% stake for $965 million in cash.

read more... 14/05/2019

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Iraq signs 1.07-bln-USD deal with Chinese company

Iraq and a Chinese company signed on Wednesday a 1.07-billion-U.S. dollar agreement to process associated gas extracted from Iraq's southern giant Halfaya oilfield.

read more... 09/05/2019

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BP sanctions Thunder Horse South expansion phase 2 project

Oil and gas giant BP said that it will move ahead with the Thunder Horse South expansion phase 2 project in the US Gulf of Mexico to draw an additional 50,000 gross barrels of oil equivalent per day (boe/d) from the Thunder Horse oil field.

read more... 08/05/2019

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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

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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

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