LUKOIL completed the construction of the 2nd production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.
read more... 15/11/2018
Wind energy is set to overtake coal, nuclear and gas to become the EU’s largest power source well before 2030, WindEurope quoted the International Energy Agency's (IEA) World Energy Outlook Report on Tuesday.
read more... 14/11/2018
Oil company OMV has been granted a two-year extension for drilling an exploratory well in the Great Southern Basin off the Otago Coast.
read more... 17/10/2018
Oil crude prices lost momentum on Thursday, due to forecasts for an increase in production by Saudi Arabia and Russia. However, the price losses were tempered by the forthcoming U.S. sanctions on Iranian exports. WTI crude closed 2.7% down at $74.33 a barrel, while Brent crude oil futures dropped by 2% to trade at $84.58 a barrel.
read more... 05/10/2018
Equinor and its partner ENI and Petoro have completed the drilling of appraisal well on the Cape Vulture discovery in the Norwegian Sea.
read more... 05/10/2018