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Wednesday, February 22, 2017 LUKOIL and INPEX have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern Iraq. The well recorded daily flow rate of more than 1,000 cubic meters of sweet oil from Mishrif horizon, confirming geological expectations of a large hydrocarbon
Feb. 15, 2017 MPLX LP (NYSE: MPLX) today closed on the previously announced transaction to acquire a partial, indirect equity interest in the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, collectively referred to as the Bakken Pipeline system, through a joint venture with Enbridge Energy Partners,
February 21, 2017 Senex has sanctioned its first major investment in the Western Surat Gas Project, committing $50 million to a 30 well drilling campaign, with gas production of around 10 TJ/day (~0.6 mmboe p.a.) expected by mid-2018. The investment involves the drilling of 30 wells and the construction of
Mr. Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum received in his office at Qatar Petroleum headquarters Mr. Isam Al Zadjali, the CEO of Oman Oil Company, the Sultanate of Oman’s energy investment arm. Discussions during the meeting centered on the latest developments in the regional and international
20 February The company of Rosneft group started drilling of the first exploration well at the Block 12 in the Republic of Iraq. Salman-1 well will be drilled to the measured depth of 4,245 m through Kurra Chine target horizon to be followed by further testing of five prospective targets.
February 19, 2017 Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED 6.5 billion ($1.77 billion) to enter the concession. The onshore concession
Feb. 17, 2017 Matador Resources Company today announced the formation of San Mateo Midstream, LLC, a strategic joint venture between a wholly-owned subsidiary of Matador and a subsidiary of Five Point Capital Partners LLC (“Five Point”) to operate and expand Matador’s midstream assets in the Delaware Basin in Eddy County,
February 15th, 2017 JDR, a leading supplier of subsea umbilicals and power cables to the global offshore energy industry, has been awarded a major steel tube umbilical contract by Cameron Ltd, on behalf of operator ONGC, for the 11 Wells of Western Offshore project. The development involves subsea completion of