Latest News for: Oilfield development


Five things to know to start your Monday

Business Day Online 27 Jun 2022
... that were successful in their respective bids to develop marginal oilfields.

Nigeria to issue marginal oil field license on Tuesday

Business Day Online 27 Jun 2022
Nigeria will issue prospecting licences on Tuesday to companies that won rights to ...

Nigeria to issue marginal oilfield licences next week, regulator says

Reuters 25 Jun 2022
ABUJA, June 25 (Reuters) - Nigeria will issue prospecting licences on Tuesday to companies that won rights to develop marginal oilfields, the petroleum industry regulator said on Saturday, some two years after authorities sought bids for the oil blocks.

Imperial Oil signs deal with E3 Lithium to advance pilot project (Business)

Castanet 24 Jun 2022
The agreement will see Imperial invest $6.35 million in E3 Lithium, a Calgary-based junior resource company that has developed a technology to extract the naturally occurring lithium (a light metal that is a key component in the batteries used in electric vehicles) from oilfield brines.

E3 drills lithium evaluation well in Alberta

Resource World 24 Jun 2022
The shares are currently trading in a 52-week range of $3.49 and $1.59 ... E3 says it has developed Direct Lithium Extraction (DLE) technology that connects conventional oilfield and lithium processing, unlocking Alberta’s previously untapped lithium resources ... This work will support commercial development and the basis for the pre-feasibility study.

EQT Releases 2021 Environmental, Social and Governance Report

Longview News-Journal 22 Jun 2022
These risks and uncertainties include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; ...

Europe Oilfield Services Market Report 2022-2027: A Consolidated Industry with Schlumberger, Baker Hughes, Weatherford Int'l, ...

Enid News & Eagle 21 Jun 2022
This will usher in new growth in the oilfield services markets when the reservoir development starts.Thus, owing to the above-mentioned points, Norway is expected to witness significant growth for the Europe oilfield services market during the forecast period.

Nanotechnology of domestic company saves Iran $5 million

Irna 21 Jun 2022
National Iranian South Oil Company – as the biggest subsidiary of the National Iranian Oil Company – is responsible for the development of 45 oilfields of the country, the official said ... 9341**2050 ....

Stocks stage mild recovery after overnight bloodbath

Dawn 15 Jun 2022
KARACHI ... Shares contributing most positively to the index included Habib Bank Ltd (56.09 points), Pakistan Oilfields Ltd (19.49 points), Oil and Gas Development Company Ltd (19.31 points), Sui Northern Gas Pipelines Ltd (16.23 points) and TRG Pakistan Ltd (15.74 points) ... Foreign investors were net buyers as they purchased shares worth $0.03m ... .

Big efforts to fuel China's domestic energy usage

China Daily 14 Jun 2022
Located in the northern Tarim Basin, where the geological structure is extremely complex, the Fuman Oilfield area, the main block for crude oil production in the Tarim Oilfield where the Manshen-10 well is, is the country's demonstration area for efficient exploration and development of ultra-deep complex gas reservoirs.

Orcadian Energy Submits Plan For Development Of UK North Sea Field

Rigzone 14 Jun 2022
Orcadian Energy has submitted a draft field development plan for the Pilot oilfield in the UK North Sea to the North Sea Transition Authority ... .

Guyana Could Overtake Brazil As South America’s Top Oil Producer

Oil Price 14 Jun 2022
... Patwa-1 and Lukanani-1 well all of which lie to the east of the Liza oilfield and Payara development.

Orcadian pursuing approval of North Sea field development plan

Offshore Energy Today 13 Jun 2022
Orcadian Energy has submitted a draft field development plan for the Pilot oilfield located in the UK North Sea to the NSTA. The post Orcadian pursuing approval of North Sea field development plan.. ... .

Oman discovers new oil reserves, able to increase output by 100,000 barrels

Middle East Monitor 06 Jun 2022
READ. Iran, Oman agree to jointly develop shared oilfield The boost to Oman's oil reserves comes amid the huge increase in ....

Sunak’s tax breaks could lead to more than £8bn of North Sea energy projects

The Observer 06 Jun 2022
The broker Shore Capital said the tax breaks offered a “powerful incentive for those existing producers who have so far been hesitant to press the button on development-ready discoveries”. Analysis shows there are more than £8bn of oilfield projects awaiting a final investment decision in the North Sea.

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