Equinor Comes up Dry Offshore Norway
Wedoany.com Report-Dec 26,Equinor and its partners have drilled two wells in the North Sea, both of which were proven dry. The wildcat wells Kvernbit and Mimung (35/10-14 A and 35/10-14 S) are the fir...
Dolphin Drilling Emerges as Winner in Arbitration Saga Over Rig Termination Deal
Wedoany.com Report-Dec 26,Norway-headquartered offshore drilling contractor Dolphin Drilling has disclosed a positive outcome of arbitration proceedings with Lagos-based General Hydrocarbons Limited (...
Iraq’s Artawi Oil Field Gets Ready for a Massive Boom
Wedoany.com Report-Dec 25,Baghdad (IraqiNews.com) – The Artawi oil field in southern Iraq, which has estimated reserves of 2.4 billion barrels of oil, is expected to experience a significant pro...
Petrobras Terminates Sale of Two Oil & Gas Fields Offshore Brazil
Wedoany.com Report-Dec 25,Brazilian oil and gas player Brava Energia has confirmed its acquisition of oil and gas fields and associated infrastructure off the coast of Brazil cannot be completed with ...
China’s CNOOC Brings Bohai Sea Oil Field on Stream
Wedoany.com Report-Dec 25,Chinas state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Suizhong 36-2 oilfield 36-2 block development project in Bohai S...
Crude Oil Futures Rise on Spot Demand - PTI
Wedoany.com Report-Dec 25,Crude oil futures climbed on Monday, driven by increased demand in the spot market. WTI and Brent crude also saw gains in global markets. Crude oil prices on Monday climbed R...
India to Overtake China in Crude Oil Consumption by 2024, 2025
Wedoany.com Report-Dec 25,India is poised to overtake China as the leading source of growth in global crude oil consumption. In 2024 and 2025, India will account for one-fourth of the growth in global...
KP Produces 30,000 Bpd of Crude Oil per Day
Wedoany.com Report-Dec 24,Similarly, the province produces 410 MMCFD of gas, which accounts for 13% of the national output. The province also produces 800 tons of LPG daily, representing 40% of the na...
Brazil Plans to Significantly Increase Oil Production by 2025
Wedoany.com Report-Dec 24,Brazils oil production is expected to reach 3.6 million barrels per day (bpd) in 2025, up about 6 per cent from an accumulated average of 3.4 million bpd this year through Oc...
Saipem Wins $900M EPCI Contract From Shell’s $5BN Offshore Project in Nigeria
Wedoany.com Report-Dec 24,Saipem, in a consortium with two Nigerian companies, has secured an offshore contract worth around $1 billion with Shell for a deepwater oil and gas project off the coast of ...