Latest news
Lukoil drills first production well in eastern part of Yury Korchagin field
Lukoil has completed drilling of the first production well from the wellhead platform at the Yury Korchagin field in the Russian waters of the Caspian Sea.
read more... 25/07/2018
Cuadrilla completes drilling of second horizontal shale gas well in UK
This second horizontal well, drilled through the Upper Bowland shale at an approximate depth of 2,100m below the surface, extends laterally for some 750 metres through the shale gas reservoir.
read more... 18/07/2018
Savannah makes oil discovery at Kunama-1 exploration well in Niger
The oil find at the Kunama-1 well, which was drilled by the GW 215 Rig to a total measured depth of 2,460m, marks the firm’s third consecutive discovery in its maiden exploration campaign in the R3 portion of the R3/R4 PSC Area in ARB.
read more... 13/07/2018
Daily (26.06.2018): German spot power price rose by more than 100% on Monday, due to high demand and low wind generation
After OPEC’s resolution to raise output by one million barrels per day, oil prices dropped on Monday. Brent crude edged 1.1% lower at $74.73 a barrel. Simultaneously, WTI crude was less bearish, settling 0.7% down at $68.08 a barrel, due to a temporary decline in U.S. drilling activity and a Canadian supply outage.
read more... 26/06/2018
ExxonMobil starts development of offshore Guyana field
ExxonMobil started development drilling on the Liza Phase 1 offshore Guyana with start of production expected in 2020, ExxonMobil said Tuesday.
read more... 14/06/2018