GlobalData: Russia Led the World for Oil and Gas Discoveries in Q3 2017
A total of 30 oil and gas discoveries were made in the third quarter of 2017. Of these, 18 are conventional oil, one is heavy oil, one is unconventional gas, and the remaining 10 are conventional gas, according to GlobalData, a leading data and analytics company. Among countries, Russia leads …
Rosneft Started Geological Exploration in the Barents and Pechora Sea
Rosneft has started field works at five license blocks of the Barents and Pechora Seas: West Prinovozemelsky, located in the North-Eastern part of the Barents sea near the Novaya Zemlya archipelago, Perseevsky, located in the North-Western part of the Barents sea, and at the South Russky, South Prinovozemelsky and West …
Statoil Writes off 336m USD on Shtokman 24% Share Hand Back – Shell Eyes Involvement
Statoil has written off around 2 billion crowns ($336.2 million) of investment and handed back shares in Russia‘s Shtokman gas project after investors failed to meet a deadline for an agreement, but it has remained in talks over the project reported Reuters. Located in the freezing and stormy waters of the …