The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s Short-Term Energy Outlook (STEO). In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In...
ENI and Total will explore Caspian oil and gas blocks in offshore Kazakhstan, targeting Abay and Kashagan, plus onshore Karachaganak and Dunga. ENI is focused on exploration offshore in Kazakhstan while Total works onshore. Kazakhstan’s state-owned KazMunayGas and Eni Isatay, a subsidiary of the Italian energy company Eni, plan to...
Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slump that could dramatically rewrite market supply predictions. A report by analysts at Sanford C. Bernstein & Co. sees projects in the Gulf of Mexico and off of South America significantly boosting...
Cubility AS, a leading provider of solids control solutions, has announced a multi-million dollar contract to supply its MudCube® solution to Russian operator Slavneft and its OOO Baikit Oil & Gas Exploratory Expedition (OOO BNGRE) subsidiary. OOO BNGRE is responsible for exploration, drilling and production in the Krasnoyarsk region...
Syria invites Russian oil companies to explore in the Eastern Mediterranean Sea. Syria’s parliament has approved contracts for oil exploration with two Russian companies in an effort to boost production hit by more than eight years of war and Western sanctions. Meanwhile, Lebanon is preparing for its first-ever maritime oil...
Oil prices continue to climb in response to a Russian - Saudi deal to cut production in the face of a likely global supply glut. New York Futures closed Wednesday at $52/bbl, shrugging off bearish U.S. demand data. Russia will meet its target for curbing output in April as part...
The following analysis of how this weekend's attacks against Saudi Arabia's largest oil facility will affect oilprices is offered by Chris Weafer, Senior Partner, Macro-Advisory Ltd., Moscow Though the Saudi attack spikes oilprices temporarily, it is unlikely to affect prices long term. The attacks against Saudi Arabia’s largest oil facility...
5 Сентября 2019, Пресс-релиз Эффективность «Газпром нефть» приступила к бурению скважин на одном из крупнейших нефтегазоконденсатных месторождений России — Чаяндинском. Активная фаза опытно-промышленной разработки начнется в IV квартале 2019 года. Чаяндинское нефтегазоконденсатное месторождение. Республика Саха (Якутия) «Газпром нефть» ведет освоение нефтяной оторочки Чаяндинского месторождения в рамках операторского договора с ООО...
Four modular combinations of Cometto self-propelled trailers MSPE 40t in side-by-side configuration have been involved recently in heavy duty movements by customer Marine Maroc. The project consisted of the transport of six diesel engines each weighing 215t and six generators each weighing 72t for the power plant of Kayes in Mali....
Interface or multiphase level measurements exist throughout the oil & gas streams as well as petrochemical. While level measurement technologies have come a long way in effectively measuring liquids and solids, multiphase level measurement continues to be the biggest challenge and opportunity that exists today to which there is...