News
11.20.2014
 
EM Leader Starts Pelotas Basin Survey, Brazil
Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 1.5 million for a research project in Brazil. The project will use 3D EM data to map shallow gas hydrates in the Pelotas...



[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Subsea World News
 
11.20.2014
 
CGG Secures Another Prefunding in GoM
CGG has secured another commitment from an Exploration and Production company to its StagSeis multi-client solution in the Gulf of Mexico, this time with an earlier prefunder expanding their...



[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Subsea World News
 
11.20.2014
 
Technip Scoops Flexible Pipes Contract in Brazil
Technip was awarded a contract from Tupi BV, a consortium controlled by Petrobras Netherland BV (PNBV, 65%) and constituted also by BG (25%) and Galp (10%), for the ongoing development of the Iracema...



[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Subsea World News
 
11.20.2014
 
Turkish Refiner to Buy Kurdish Crude via SOMO

By John Lee.


Turkish refiner Tupras is to buy crude oil from Iraq Kurdistan sold by the Baghdad’s State Oil Marketing Organisation (SOMO).


The company’s Deputy General Manager, Hasan Tan, told reporters the oil will be sent by pipeline to the Turkish Mediterranean port town of Ceyhan.


The announcement comes a week after Baghdad and Erbil reached a deal to settle a long-running dispute over oil-revenue.


(Source: Reuters)

Iraq Business News » Oil & Gas
 
11.20.2014
 
West Qurna-2 Drives Growth at Lukoil

In the first 3 quarters of 2014, the production of marketable hydrocarbons at LUKOIL Overseas (the operator of LUKOIL’s international upstream projects) reached 70 million barrels of oil equivalent – a 44 percent year-on-year increase and a new record for LUKOIL’s upstream operations abroad. Oil production more than doubled to reach over 6.5 million tons in January-September 2014.


The launch of the West Qurna-2 field in Iraq this March was largely responsible for the record production increase. The field was producing 325 thousand barrels per day on average at the end of September and cumulative production exceeded 46 million barrels of oil (LUKOIL’s share was 26.7 million barrels).


The project is on the upswing: the initial field development phase – Mishrif Early Oil – will bring the production level to 400 thousand barrels per day. Moreover, the final investment decision has been made on the next phase – Mishrif full field development – which aims to bring the production level to 550 thousand barrels daily. The return of investments is going ahead as planned: as part of the cost recovery, four tankers were shipped in August and September 2014 with over 6 million barrels of oil.


(Source: Lukoil)

Iraq Business News » Oil & Gas
 
1  2  3  4  5  6  7  8  9  10  
 
Contact Us  |   Office Locations  |   Terms & conditions  |   Privacy policy
 
 
© 2000—2010