Oil

The fifth well has a bilateral horizontal design.

Global oil inventories might not decrease "to the desired level" until close to the end of the current production cut deal between Opec and some non-Opec countries in March 2018, the IEA said today.

The Gazprom in Eastern Russia, Entry into Asia-Pacific Markets Press Conference was held in Moscow today in the lead-up to the annual General Shareholders Meeting

The Organization of the Petroleum Exporting Countries (OPEC) will host the 7th OPEC International Seminar at the Imperial Hofburg Palace in Vienna, Austria, on 20−21 June 2018 under the theme, ‘Petroleum: Cooperation for a Sustainable Future’.

The Company’s subsidiaries produced or 90,790 tonnes (+ 4,994 tonnes: 105.8 percent) produced 30 thousand 234 tonnes of crude oil (104.6 percent versus May 2016).

France's Engie will spend at least $300mn to connect its Energia Mayakan natural gas pipeline in southeastern Mexico to industrial and tourism users in Quintana Roo state

HOUSTON--(BUSINESS WIRE)--Jun. 7, 2017-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2017 was 957, up 1 from the 956 counted in...

Vadim Yakovlev, First Deputy CEO, Gazprom Neft, and Lance Marklinger, President, Global Sales, Weatherford International have signed a Technological Cooperation Agreement at this year’s St Petersburg International Economic Forum

Rosneft and TMK entered into a long-term production casting and tubing supply contracts at the XXI St. Petersburg International Economic Forum. The document was signed by Rosneft Chief Executive Officer Igor Sechin and TMK Board of Directors Chairman Dmitry Pumpyanskiy.

Gazprom Neft and Siemens AG have signed a Strategic Partnership Agreement at this year’s St Petersburg International Economic Forum, with the document being signed by Gazprom Neft CEO and Chairman of the Management Board Alexander Dyukov and Siemens AG President Joe Kaeser.