“One of the great challenges of our time is to meet the world’s increasing demand for energy, while at the same time tackling the global climate challenges in a responsible manner,” says Statoil CEO Helge Lund at the 2012 Autumn Conference. Statoil believes that more forceful international measures are necessary in order to reduce [...]
An expert group established by the Norwegian Ministry of Petroleum has in its report revealed that drilling costs in Norway are much higher than in other North Sea nations. “The report from the rig commission lays the basis for taking the measures need to increase the future availability of mobile units on Norway’s continental shelf,” [...]
Noble Energy, Inc. today announced results from its Leviathan appraisal well in the Amit license offshore Israel. The successful Leviathan #3 well, located more than three miles east of the original Leviathan discovery, encountered approximately 290 net feet of natural gas pay in multiple intervals. The reservoir thickness and quality were greater than anticipated and [...]
December 19, 2011 | Posted in
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![USA: Chevron Expects 2nd Quarter Earning to Be Higher than in 1st Quarter]()
Chevron Corporation today reported in its interim update that earnings for the second quarter 2011 are expected to be higher than in the first quarter 2011. Upstream results are projected to improve between sequential quarters, benefiting from higher crude oil prices. Downstream earnings in the second quarter are also expected to be higher, reflecting [...]
![Iran: Kish Gas Field Holds More than 70 Trillion Cubic Feet of Gas, Says PEDEC Director]()
Kish gas field reservoir holds more than 70 trillion cubic feet of gas and it is thought the exact figure to be higher, the managing director of Petroleum Engineering and Development Company (PEDEC), Naji Sadouni announced. He went on to say that development of three phases of Kish gas field had been awarded to a [...]
May 3, 2011 | Posted in
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![Iran: More than $13 bln to be Invested in South Pars Gas Field Development]()
The managing director of the Pars Oil and Gas Company (POGC), Dr. Ali Vakili says during the current Iranian calendar year, 1389 … Source: Shana.ir Source: Shana, November 15, 2010;
![UK: More than 800 Engineering Professionals and Leaders Gather at AVEVA’s World Summits]()
AVEVA one of the world’s leading providers of engineering design and information management solutions for the plant, power and marine industries, today announced the successful conclusion of its new global series of AVEVA World Summits. Organised for AVEVA customers and partners, three regional Summits were presented throughout the month of October in Amsterdam, Las Vegas [...]
![Abkhazian Offshore Oil Potential Possibly Bigger than the Georgian]()
The separatist Georgian region of Abkhazia will develop its offshore oil field that lies near its coast, rebel region’s de facto… Source: hurriyetdailynews, May 26, 2010; Abkhazian Offshore Oil Potential Possibly Bigger than the Georgian
![Norway: Det Norske Discovers More Oil Than Previously Estimated]()
Det norske oljeselskap ASA has discovered more oil in Draupne. The oil discovery ranks as one of the largest on the Norwegian shelf in recent years and a fast development is likely. A combined development of Draupne and the two neighbouring discoveries Hanz and West Cable holds total estimated recoverable volumes of between 110 million [...]
