Weatherford Announces Co-Commercialization Collaboration with ExxonMobil
Exclusive Agreement Will Jointly Commercialize New MambaTM Severe-Service Couplings to Reduce Tubing Wear and Parted Rod Strings in Rod-Lift, PCP-Lift Applications Weatherford International plc has announced the release of the Mamba™, a severe-service sucker-rod coupling engineered to significantly reduce production-tubing friction and wear in sandy, corrosive, and deviated wells. Designed exclusively …
Nur-Sultan Hosts SPEs’ Inaugural HSE Symposium with Opening Keynote Address by the Ministry of Ecology
The Society of Petroleum Engineers (SPE) brings you the first symposium on Caspian Health, Safety, Security, Environment and Social Responsibility taking place in Nur-sultan, Kazakhstan on 24–25 September. Hosted by JSC NC “KazMunayGas” (KMG), the leading oil and gas company in Kazakhstan, it will bring together local, regional and global …
ExxonMobil has asked the authorities to facilitate her work on the Russian shelf
The President Of ExxonMobil Russia Inc. Glenn Waller has addressed a letter to the government asking to change the rules for it work in Russia, reports the newspaper “Kommersant”. In particular, we are talking about the abolition of the amendments to the Code of trading navigation (KTM) from 2017, which …
Oil Output at Kazakhstan’s Kashagan Hits Record of 400,000 bpd
Oil output at Kazakhstan’s Kashagan field reached an all-time high of 400,000 barrels per day (bpd) on Tuesday, three sources familiar with daily production data told Reuters. Oil production on Kashagan might rise further to 410,000 bpd in coming months, two industry sources familiar with the development plan said. Output …
Vitol Plans Liquefied Petroleum Gas Foray in Kazakhstan
Vitol, the world’s top oil trader, plans to access liquefied petroleum gas (LPG) from the giant Kashagan field in Kazakhstan and may finance the construction of a processing and export facility, industry and company sources told Reuters. LPG is mainly a by-product of oil development at the field and at …
ExxonMobil: Transfers 33% Holdings Back to Rosneft After Sanction Pullout
In connection with the notification ExxonMobil sent to the US Securities and Exchange Commission about withdrawing from some of the joint projects with Rosneft we would like to state the following: – ExxonMobil together with Rosneft is one the global oil and gas industry leaders. The two companies carry out …
ExxonMobil: Exits JV’s with Rosneft Over Offshore Sanctions
ExxonMobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralyzed a historic drilling project. ExxonMobil’s decision to quit its biggest exploration region was made late last year as the U.S. expanded sanctions, the company said in a 10-k filing on Wednesday. “The corporation expects …
Eni: Full Year 2017 and Fourth Quarter Results
Exploration & Production Hydrocarbon production at record level: – reached 1.92 million boe/d in December 2017, marking an all-time high for Eni; – produced an average of 1.89 million boe/d in the fourth quarter, the highest quarterly production in the last seven years (up by 1.9%); FY production averaged 1.82 …
Onshore Fields Account for More Than Half of ExxonMobil’s Crude Production to 2021, says GlobalData
Analysis of upstream crude oil production shows that over $39.2bn in capital expenditure (capex) is forecast to be spent by ExxonMobil on oil projects over the next four years to ensure that its production remains around 2.1 million barrels per day (mmbd) in 2021. The Upper Zakum field would drive …
Kazakh Tengiz Oilfield Suspends Operations After Toxic Substance Release
Kazakhstan’s energy ministry said on Tuesday that Tengizchevroil project has suspended operations at Tengiz oilfield after a toxic substance was released, while workers were evacuated. Chevron, ExxonMobil, Lukoil <LKOH.MM and KazMunayGas are partners in the venture, the Central Asian nation’s biggest oil producer. (Reporting by Alla Afanasyeva; writing by Vladimir …