Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...
Tags: Chevron, oil prices, shale oil
CNOOC Limited announced that the Company, as part of a consortium comprised of Petrobras, Shell, Total and CNPC, has been awarded a 35-year production sharing contract to develop the Libra pre-salt oil discovery in the Santos Basin, ...
Tags: Offshore Oil Project, CNOOC
Canada’s ProSep Inc is to supply a C$1.3 million produced water treatment system for installation on a floating production storage and offloading (FPSO) vessel that will operate in a deepwater field in the Gulf of Mexico. The ProSep ...
Tags: ProSep, Water Treatment Solution
Norway's Statoil and its partners are going ahead with the development of the major Aasta Hansteen natural gas field project in the Norwegian Sea, as well as the planned Polarled pipeline linking it to shore, at a combined cost of NOK57 ...
Tags: Statoil, natural gas field project, gas, deepwater field