Latest news
PetroChina to invest $5.4 billion in Canadian natural gas field
PetroChina Ltd., the largest gas and oil producer from China, decided to purchase a 50 percent stake of a shale gas project from Canada’s Encana Corp for $5.4 billion, making the biggest ever investment in Canada’s natural gas asset.
read more... 11/02/2011
Statoil discovers gas reserves near the Gullfaks South field
Statoil, the largest operator on the Norwegian continental shelf, has found gas and condensate located about 2 km west of the Gullfaks South field, in the middle sector of the North Sea.
read more... 10/02/2011
Max Petroleum provides a production test of UTS-1 well in Kazakhastan
Max Petroleum, an oil and gas exploration company, based in UK, will provide a production test at its UTS-1 well, at the Uytas field in western Kazakhstan.
read more... 01/02/2011
Exxon Mobil drills a record long well at Sakhalin-1, Russia
Exxon Neftegas, the subsidiary of Exxon Mobil Corporation announced that it has drilled an extended-reach (ERD) well with a world record length at the Sakhalin-1 Project in the Odoptu field, offshore Russia.
read more... 31/01/2011
Ukrainian government to invest $25 billion.
Mykola Azarov, the Ukrainian Premier declared at a government meeting on Wednesday that Ukrainian government is planning to support strategic investments projects in the development of offshore oil and gas fields, aircraft building, high technology development, etc.
read more... 27/01/2011