Tag: oil
Self-moving platform rigs for Gulf of Mexico
Helmerich & Payne, Inc. announced today that it received commitments for two new self-moving platform rigs.
Huge Siberia oil find
Russian oil firm Slavneft said on Wednesday it had made a new oil find in its eastern Siberian field of Kuyumbinsky and put estimated recoverable hydrocarbon reserves at 365 million tonnes (2.5 billion barrels).
Iran set to sign offshore oil deal with BHP
Iran expects to sign a deal within two weeks with Australian mining and energy group BHP Billiton and an Iranian partner to triple oil output from the offshore Foroozan-Esfayandar field to 150,000 barrels per day.
Merpro deal could lead to USD 1 billion business
Montrose oilfield equipment manufacturer Merpro has clinched USD 600,000 of milestone Russian contracts, with the promise of further business worth more than USD 1 billion.
Aramco expansion in Khurais
It is understood that Saudi Aramco is to boost its oil output capacity by up to 800,000 barrels a day, with a major expansion programme in the Khurais region, 100km west of the giant Ghawar field.
Norsk Hydro invests in Angola
Norsk Hydro is to invest more than NOK 1 billion on exploring for oil off the coast of the West African nation of Angola.