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Statoil initiates investigations at the Visund field after gas leak

Norway’s biggest oil and gas producer Statoil has initiated investigation operations at the Visund field in the North Sea following the gas leak that occurred over the weekend.

read more... 12/04/2011

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Kazakhstan to suspend its work at Kashagan oil field for three years

Kazakhstan plans to suspend its activities on the main stage of the Kashagan project for three years, following the Royal Dutch Shell and Exxon Mobil attempts to persuade the country’s oil ministry to simplify the project design, which would cut their expenditures by $18 billion to $50 billion.

read more... 06/04/2011

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Matra Petroleum to begin oil production in the Sokolovskoe Field, Russia

Matra Petroleum, an independent oil and gas exploration and production company which is actively operating in Russia since 2006 and is constantly examining the potential for oil and gas over there, announced that it has begun the production for both existing wells in the Sokolovskoe field, Russia.

read more... 06/04/2011

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Ukraine to increase its oil production by one million tons in Egypt

According to data published on Monday by the Ukrainian Ukrinform news, the Ukrainian Joint-Stock Company Naftogaz intends to increase its production about one million tons of oil in Egypt oil fields in 2012.

read more... 05/04/2011

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Rosneft and Chevron to break their collaboration on Black Sea field

According to Kommersant business daily declarations, U.S. oil giant Chevron Corporation and Russian state oil producer Rosneft are likely to put an end to their collaboration on a joint development of the Val Shatskogo deposit on the Black Sea field, a deepwater region which is said to contain more than 6 billion barrels of oil

read more... 23/03/2011

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