Category: Oil and Gas
The recoverable resources are slated to be up to 250 million barrels of oil equivalent at the new well. The new discovery further opens up some upside potential with numerous other prospects. The French oil and gas giant Total has reportedly announced a significant new …
The move might boost Aramco’s crude oil sales to Hyundai Oilbank as the former is the biggest shareholder in South Korea’s top third refiner S-Oil Corp. In a bid to consolidate its foothold in Asia, the OPEC leader Saudi Aramco has reportedly announced its acquisition …
The French oil & gas firm would be officially endorsing the decision to commence the new offshore oil project development in Nigeria. The announcement comes weeks after the company commenced oil production from the nation’s deep water offshore oil field, Egina. Total S.A. (Total), a …
Oil and Gas industry giants Total and Chevron, along with prominent India-based refiner Reliance Industries, have reportedly joined Vakt, the oil blockchain platform already being used by other key trading firms since the end of last year. Based out of London, Vakt is supposedly the …
The London-based oil firm Premier Oil reportedly considering a humongous cash call to fund its bid for a package of oil and gas assets put up for sale by U.S. oil giant Chevron. As per trusted sources, Premier is set to face stiff competition from …
The United States Department of Energy’s (DOE’s) has reportedly declared federal funding of up to USD 88 million for cost-shared research and development projects aimed at improving technologies for oil and natural gas recovery. As per trusted sources, the funding for the projects has been …
* Apart from the massive oil reserve discovery, the company would also be investing over $1.3 billion in the region for a new expansion process. * The billion barrels of crude oil has been discovered in the company’s existing Thunder Horse oilfield. Renowned British multinational …
In a recent turn of events, Royal Dutch Shell has reportedly concluded the purchase deal of Gujarat-based Hazira LNG & Port Ventures from France-based energy behemoth and co-owner Total Gaz Electricité Holdings. For the uninitiated, Hazira LNG & Port is a joint venture between French …