RUSSIAN Prime Minister Dmitry Medvedev has backed a long-discussed proposal by the Energy Ministry for a three-year tax experiment intended to help Gazprom Neft, Lukoil and Rosneft increase production at 12 selected brownfield sites in West Siberia, writes Vladimir Afanasiev.
EXPLORATION and production budgets are under pressure globally, with 116 oil companies cutting $120 billion in 2015 expenditure, so Nigeria must expect revenue cuts and manage constraints while continuing to seek passage of the Petroleum Industry Bill (PIB), says Petroleum Resources Minister and serving President of Opec, Diezani Alison-Madueke.
Co-venturers Woodside Petroleum of Australia and BG Group of the UK have signed production sharing contracts for four frontier blocks from Myanmar’s 2013 offshore licensing round almost a year after they were announced as winners, writes Amanda Battersby.
US subsea contractor Oceaneering International and PetroVietnam Technical Services Corporation (PTSC) have won contracts for work on Italian operator Eni’s Sankofa-Gye Nyame development on the Offshore Cape Three Points block in Ghana, writes Russell Searancke.
Statoil has committed to modifications of its Kristin platform in the Norwegian Sea to handle future output from Wintershall’s nearby Maria field in an apparent signal that the latter project is still moving forward despite low oil prices and higher costs, writes Steve Marshall.
Arrival: Odfjell Drilling’s newbuild harsh environment semi-submersible drilling rig Deepsea Aberdeen arrived off the north coast of Scotland this week to make final preparations before sailing to the West of Shetland area to start a seven-year drilling campaign for BP.
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