Cairn India Limited announced Thursday that the Mangala oil field in Rajasthan has achieved 300 million barrels of cumulative production.
Source: Offshore
Mangala Field Hits 300 Million Barrels of Cumulative Production
{$excerpt:n}
Russia has the potential to further increase oil output in the future by up to 200 million tons a year, or 4 million barrels per day, Rosneft’s chief executive Igor Sechin says.
Source: Offshore
Rosneft's Sechin Says Russia Has Potential To Raise Oil Output
{$excerpt:n}
Former PDVSA President Rafael Ramirez denied as “irresponsible lies” a Venezuelan congressional investigation accusing the state oil company of corruption to the tune of $11 billion during his decade-long tenure.
Source: Offshore
Ex-Venezuela PDVSA Boss Denies B Corruption Allegations
{$excerpt:n}
Oil prices settles down more than 2%, as a resurgent dollar encouraged players to take profit on the previous day’s rally.
Source: Offshore
Oil Down 2%, Strong Dollar Knocks US Crude Off 15-Month Highs
{$excerpt:n}
Shell is currently offering 16 assets worth more than $500 million for sale as part of its vast $30 billion three-year asset sales program.
Source: Offshore
Shell Selling 16 Assets Worth More Than 0M
{$excerpt:n}
China’s crude oil production fell 9.8% in September from a year earlier, marking the second-biggest year-on-year decline on record.
Source: Offshore
China September Crude Output In Second-Biggest Decline On Record
{$excerpt:n}
Explorers are drilling longer and longer wells, running thousands of feet sideways to tap as much of the crude-bearing rock as possible.
Source: Offshore
Shale Drillers Are Going Long – Not Deep – in the Oil Patch
{$excerpt:n}
Quadrant Energy announces that the Roc-2 well, located offshore Australia, has flowed gas and condensate during testing.
Source: Offshore
Quadrant Flows Gas, Condensate from Roc-2 Offshore Australia
{$excerpt:n}
MX Oil announces that PR Oil and Gas Limited, the holder of its investment in OML 113, has received $1.2 million from the sale of the first production of oil from the Nigerian Aje Field.
Source: Offshore
MX Oil: First Sale From Oil Production at Aje Registered
{$excerpt:n}
Halliburton posts a surprise quarterly profit, helped by higher cost cuts, and says it expected a rise in oil prices to boost rig counts.
Source: Offshore
Halliburton Posts Surprise Profit As Expenses Fall
{$excerpt:n}
