Eni reached a record level of production of 70 thousand barrels of oil per day in the Western Desert of Egypt, doubling its level of production in the area in just three years. Such result was achieved mainly thanks to the Melehia development lease, located 290 kilometers west of Alexandria.
The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve liquefied natural gas (LNG) exports, Rob Franklin, president of ExxonMobil Gas & Power Marketing Company, said today.
The Kirill Lavrov tanker has delivered a new batch of ARCO arctic oil to Europe in its sixth shipment of oil. More than 2.9 million barrels of oil have been extracted from the Prirazlomnoye oil field since production began.
TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that the National Energy Board (NEB) has issued its report recommending the federal government approve the company's proposed $1.7 billion North Montney Mainline Project.
Rosneft, Pirelli S.p.A. and Synthos S.A. signed a Memorandum of Understanding with regard to performing a feasibility study in the area of R&D, production and supply of synthetic rubber in the city of Nakhodka within the framework of the FEPCO (Far East Petrochemical Company) petrochemical cluster.
Petroleum and energy minister Tord Lien is opening the Valemon gas and condensate field in the North Sea today. Expected recoverable reserves from the field are 192 million barrels of oil equivalent.
AWE Limited (ASX: AWE), advises that as at 06:00 hours (6.00am) AWST today the Irwin-1 exploration well, located in the onshore Perth Basin, Western Australia, was at a measured depth of 3,265m and drilling ahead in 8 1/2 inch hole to the planned total depth of 4,064m.
Technip and its consortium partner China Offshore Oil Engineering Company (COOEC) have been awarded a front end engineering design (FEED) contract by China National Offshore Oil Corporation Limited (CNOOC Ltd.) for two tension leg platforms(1) (TLPs) for the Liuhua 11-1 and 16-2 joint development project located in the South China Sea.
Consolidated Rosneft gas production in the first quarter increased by 19.7% compared to the same period last year and amounted to 15.8 BCM. Thus, the Company is among the three largest producers of natural gas in Russia and continues to hold a leading position in terms of growth and efficiency of production.
Amec Foster Wheeler announces today that it has been awarded a contract by BP to provide operations, maintenance and project support for the Forties Pipeline System (which includes the Unity offshore platform and onshore pumping stations in Aberdeenshire and Perthshire) and the Central Area Transmission System terminal in Teesside, north-east England.