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News

Partnership for decommissioning planning

Published on February 18, 2017
Global training provider to the oil and gas industry, MDT International, has entered into a strategic partnership to help energy businesses plan for decommissioning.

Petrobras oil and natural gas production in January

Published on February 18, 2017
Petrobras’ total oil and natural gas production in January was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 million boed were produced in Brazil and 0.12 million boed abroad.


Samaraneftegaz launches 3D seismic exploration works in new blocks

Published on January 1, 1970
Samaraneftegaz, a Rosneft subsidiary, started 3D seismic exploration works in six blocks acquired in 2016. Drilling sites for prospecting and exploratory wells will be defined based on the results of these works.

Gazprom Neft drills first multi-hole "fishbone" well on Russian Arctic Shelf

Published on January 1, 1970
The first-ever, multi-hole “fishbone” well involving multiple horizontal branches has been drilled and commissioned at the Prirazlomnaya offshore rig — the only project on the Russian Arctic shelf at which commercial oil production is currently ongoing.


New ABS guidance addresses dropped objects

Published on January 1, 1970
ABS, provider of classification and technical services to the offshore industry, has provided a systematic approach to dropped object management and prevention.

BP Gulf oil spill damage valued at $17.2 billion in new study

Published on January 1, 1970
BP Plc’s 2010 Gulf of Mexico oil spill caused damage to beaches, animals, fish, and coral that the public values at $17.2 billion, according to a financial accounting released on the seventh anniversary of the disaster.


Mexico seeks new home for its oil amid weak Gulf Coast demand

Published on January 1, 1970
Shipments of crude to the U.S. from Mexico fell to a new low last week, extending a trend that goes back to when the Energy Information Administration began compiling preliminary weekly import data in June 2010.

BHP urged by Elliott to spin off U.S. oil unit in overhaul

Published on January 1, 1970
BHP Billiton is being targeted for an overhaul by occasional activist Elliott Management Corp., which urged the world’s biggest mining company to spin off about $22 billion of U.S. oil assets and list them in New York.