murphy oil corporation subsidiary signs contract for lac da vang oil field development

Murphy Oil Corporation subsidiary signs contract for Lac Da Vang oil field development

Murphy Cuu Long Bac Oil Co, Ltd. (MCB), a subsidiary of the US-based Murphy Oil Corporation (Murphy), signed a contract with PTSC Mechanical & Construction on May 31 to develop the Lac Da Vang oil field.
petrovietnam receives first gas flow from white lion oil field in stage 2a

PetroVietnam receives first gas flow from White Lion oil field in stage 2A

State-owned PetroVietnam has just welcomed the first flow of gas from Su Tu Trang (White Lion) oil field in phase 2A, putting the project into operation 16 days ahead of schedule.
2 dead as fire rages after india gas well blowout

2 dead as fire rages after India gas well blowout

TINSUKIA, India: Two workers have been found dead near the site of a huge fire ignited by gas that has been spewing from an oil field in India for two weeks, officials said Wednesday (Jun 10).
iran says new oil find adds only 22 billion barrels to reserves

Iran says new oil find adds only 22 billion barrels to reserves

Iran's oil minister said on Monday (Nov 11) that an oil field whose discovery President Hassan Rouhani announced at the weekend adds only 22.2 billion barrels to the country's estimated crude reserves.
iran says oil field found with 53 billion barrels of crude

Iran says oil field found with 53 billion barrels of crude

Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday (Nov 10), a find that would increase Iran's proven reserves by over a third.
brazil oil auction raises disappointing us 17 billion official

Brazil oil auction raises disappointing US$17 billion: Official

Brazil's auction of drilling rights to four deep-sea oil fields raised a disappointing US$17 billion on Wednesday (Nov 6), officials said, well short of expectations for the highly-anticipated mega sale.
general electric breaks off healthcare to focus on power aviation

General Electric breaks off healthcare to focus on power, aviation

Once-dominant industrial giant General Electric announced on Tuesday (Jun 26) it will shed its healthcare and oil field services businesses to concentrate on power, aviation and wind turbines in the latest attempt to shore up the struggling company.
slumping oil market attracts attention

Slumping oil market attracts attention

Record-low oil prices can open up investment opportunities at oil fields for new investors.
viet thai algeria project bir seba oil finally begins flowing to processing facility

Viet-Thai-Algeria project: Bir Seba oil finally begins flowing to processing facility

The first oil flow from the Bir Seba oil field, a joint project between Vietnamese, Thai and Algerian companies, was pumped into the central processing facility in Algeria on August 12, said deputy director of the PetroVietnam Exploration Production Corporation (PVEP) Ngo Huu Hai.
first oil flows from su tu nau oil field

First oil flows from Su Tu Nau oil field

A ceremony was held in Ho Chi Minh City on October 24 to receive the first oil flow from the Su Tu Nau (Brown Lion) oil field in Block 15.1 in the Cuu Long Basin offshore the southern region. 
vietsovpetro unearths fresh oil

Vietsovpetro unearths fresh oil

The Russian-Vietnamese oil and gas joint venture, Vietsovpetro, on July 2 announced that it has discovered a new oil supply at its Tho Trang (White Rabbit) structure in lot 09-1 to the northwest of Bach Ho (White Tiger) oil field.
new platform for thang longdong do oil field

New platform for Thang Long/Dong Do oil field

A contract worth $600 million to supply a floating production and storage platform for the Thang Long/Dong Do oil field was signed in Hanoi on May 24.
vietnam venezuela open new oil field

Vietnam, Venezuela open new oil field

Petromacareo, a Joint Venture between Vietnam and Venezuela, has officially opened its first oil field in the offshore Junin-2 oil and gas block.
bp wins approval for 45bn north sea investment

BP wins approval for £4.5bn North Sea investment

British and its partners have won government approval for a major £4.5-billion oil field investment near the in , the group announced on Thursday.
petrovietnam pumps first oil from russian field

PetroVietnam pumps first oil from Russian field

The Vietnam National Oil and Gas Group (PVN) and its partner OAO Zarubeznhetf, a member of the Rusvietpetro joint venture company, has pumped the first oil from the Visovol oil field in the Nenets autonomous region of Russia.