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News // Oil and gas worldwide

IEA: Offshore energy to keep growing. Will need trillions in investments

Offshore energy-related activity is expected to grow and will require trillions of dollars of investments through 2040.

08 May 2018 , 16:07Neftegaz.RU7590

Ex-Venezuela oil boss: PDVSA is collapsing

The country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 bpd each year amid lack of investment.

07 May 2018 , 15:22Tsvetana ParaskovaNeftegaz.RU5800

Saudi Arabia needs oil at $85 a barrel to balance budget, says IMF

International Monetary Fund’s regional director believes that that the kingdom needs oil prices to be at least $85 per barrel.

03 May 2018 , 12:05Neftegaz.RU6240

Greece to sell a majority stake in its biggest oil refiner Hellenic Petroleum

Greece launched an international tender to sell a majority stake in Hellenic Petroleum.

20 April 2018 , 10:00Neftegaz.RU7140

BP and Reliance sanction second phase of integrated KG D6 development

BP and Reliance Industries Limited (RIL) have sanctioned the ‘Satellite cluster’ project in Block KG D6.

19 April 2018 , 19:27Neftegaz.RU8330

Second production chain of Iranian South Pars gas field will be completed by the of coming winter

10 offshore platforms for Iranian South Pars gas field are being constructed in Iranian marine industrial company's yard (SADRA).

16 April 2018 , 15:06Neftegaz.RU5840

Shell publishes new report on strategy for energy transition

Royal Dutch Shell plc today published a report outlining how its strategy should enable it to thrive as the world transitions to lower-carbon energy. The Shell Energy Transition Report describes its understanding of the transition and what it means for the company.

12 April 2018 , 17:01Neftegaz.RU7300

Abu Dhabi launches 6 historic oil & gas licensing opportunities

ADNOC announced the details of the initial round of 6 geographical oil and gas blocks open for bidding. 

10 April 2018 , 18:32Neftegaz.RU6880

Large coal and natural gas reserves found in East China

Over 4.8 billion tonnes of coal and nearly 100 billion cubic meters of natural gas reserves have been discovered in east China's Anhui Province.

09 April 2018 , 13:02Neftegaz.RU5080

BHGE: Worldwide rig count for March 2018 was 2,179

Baker Hughes, a GE company announced today that the Baker Hughes international rig count for March 2018 was 972, down 7 from the 979 counted in February 2018, and up 29 from the 943 counted in March 2017.

06 April 2018 , 14:13Neftegaz.RU4000

Bahrain announces discovery of largest oil field in its history

Bahrain announced the discovery of a new tight oil and deep gas resource in the Khaleej Al Bahrain Basin.

03 April 2018 , 12:08Neftegaz.RU6470

Petronas and Saudi Aramco announce formation of their 2 new joint ventures in Malaysia

Petronas and Saudi Aramco announced the formation of 2 joint ventures for the RAPID project.

29 March 2018 , 12:06Neftegaz.RU5980

Mexico expects $8 billion from offshore oil & gas auction

Mexico's government estimates more than $8 billion will be invested over the lifetime of oil & gas contracts.

28 March 2018 , 16:07Daniel J. GraeberNeftegaz.RU5310

Polish PGNiG to cooperate with Pakistan's Mari Petroleum on upstream projects

PGNiG signed a Mou forging a strategic partnership with the 2nd largest gas producer in Pakistan.

20 March 2018 , 12:09Neftegaz.RU4710

Shell closes in on deal to supply Singapore with LNG

Shell is close to winning a deal to supply Singapore with LNG.

16 March 2018 , 12:08Neftegaz.RU8300

Supermajors bid to explore for oil & gas offshore Greece

Total, ExxonMobil has submitted a bid for the lease of 2 block areas, Offshore West Crete and Southwest Crete.

06 March 2018 , 14:16Neftegaz.RU6960

West Phoenix to drill in UK and Norway

Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.

05 March 2018 , 18:12Neftegaz.RU5290

Yury Sentyurin: GECF sees natural gas demand growing in key global markets

GECF sees the demand of natural gas growing in key global markets including some emerging markets, particularly in Asia.

05 March 2018 , 15:23Neftegaz.RU6460

Norway’s $1 000 000 000 000 wealth fund expects big swings in value

The world’s biggest sovereign wealth fund, Norway’s $1-trillion Government Pension Fund Global, expects large value fluctuations ahead.

28 February 2018 , 10:10Tsvetana ParaskovaNeftegaz.RU4460

First well spud at Oseberg Vestflanken 2

 In the early hours of Sunday 25 February drilling started at Oseberg Vestflanken 2. On the Capital Markets Day on 7 February the project could boast break-even reduction from USD 34 to USD 16 per barrel.  

27 February 2018 , 15:22Neftegaz.RU5330