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1 billion barrels of new discovery! Is the next oil upstart on the horizon?In recent days, PETRONAS, Malaysia's national oil company, announced its latest exploration results offshore Suriname—two new discoveries and one successful appraisal well, bringing the total number of successful wells in Block 52 to eight, and unloc
Shell sells Na Kika platform and Coulomb oilfield assets in the Gulf of Mexico for $1.7 billionShell (SHEL.L) announced on Tuesday that it has agreed to sell its interests in the Na Kika platform and related oilfield assets in the Gulf of Mexico, along with the Coulomb tieback pipeline, to subsidiaries of Talos Energy (TALO.N) and Ridgewood Energy.
Cumulative production at the world's lowest-altitude ultra-deep extra-heavy oilfield exceeds 10 million tonnesOn June 29, it was learned from CNPC that the cumulative oil production at the Lukqun Oilfield – the world's lowest altitude ultra deep extra heavy oil field, located at the foot of the Flaming Mountains in Turpan, Xinjiang – has exceeded 10 million tonnes.
Santos launches the Pikka project in Alaska, USA, with production of 20,000 barrels per daySantos has commenced continuous production operations at the Phase 1 Pikka oil development project on Alaska’s North Slope, marking a significant milestone as one of the largest new oil projects in the region.
The company stated that the first produ
Côte d'Ivoire's Baleine oil field expansion to reach 150,000 barrels per day in offshore productionCôte d'Ivoire is accelerating its offshore oil and gas development, which is expected to further consolidate its position as one of the fastest-growing upstream oil and gas markets in West Africa. Key offshore development projects are moving forward,
Construction of all platforms for Phase 2 of the world’s largest metamorphic rock oilfield project has been completedOn June 16, with the successful loading of the last platform onto a vessel in Binhai New Area, Tianjin, the onshore construction of all platforms for the Phase 2 development of the Bozhong 26 6 oilfield – the world’s largest metamorphic rock oilfield
Oil giant announces major oil and gas discovery!
Recently, a consortium led by Shell, together with QatarEnergy and Namibia’s national oil company NAMCOR, announced the successful discovery of high-quality light oil via the Merlin-1X exploration well in Petroleum Exploration License PEL 0039, loc
First well spuds in at China's 100-billion-cubic-meter large gas field phase 2 development project!On June 9, the first well G10 of the WHPG pilot platform of the Phase II development project of Bozhong 19-6 gas field, the first 100-billion-cubic-meter gas field in the Bohai Sea, successfully spudded in, marking the full commencement of the drilling.
In the pilot test of polymer flooding in Class III oil reservoirs of China's Daqing Oilfield, the oil recovery factor increased by 12.69 percentage pointsRecently, the up return test of polymer flooding in Class III oil reservoirs in the Xingnan Development Area of Daqing Oilfield has achieved a major breakthrough. The block’s stage oil recovery factor increased by 12.69 percentage points, realizing a
The Canadian province of Newfoundland and Labrador has allocated 30 million Canadian dollars to tender for offshore explorationAs oil production rises in Newfoundland and Labrador, the government has announced a tender for exploration of 16 areas off the east coast, offering up to 30 million Canadian dollars to offset the cost of drilling one well in new offshore oil frontier
SLB and Vår Energi expand digital oilfield development collaboration in NorwaySLB and Vår Energi are expanding their cooperation to roll out digital well planning and integrated field development planning solutions across their operations on the Norwegian continental shelf. The two parties previously reduced the cycle time for
China's largest offshore shallow lithologic oilfield project has been fully put into operationOn May 27, the first-phase development project of the Kenli 10-2 Oilfield Group, China’s largest offshore shallow lithologic oilfield, was fully put into operation. The oilfield’s daily crude oil output exceeds 2,800 tons, providing important support
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