Tag: oil
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).
Self-moving platform rigs for Gulf of Mexico
Helmerich & Payne, Inc. announced today that it received commitments for two new self-moving platform rigs.
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.