Image - Statoil Acquires Operated Interest in Brazilian Offshore Licence Containing a Substantial Part of the Carcara Pre-salt Oil Discovery

Statoil Acquires Operated Interest in Brazilian Offshore Licence Containing a Substantial Part of th...

Statoil ASA and Petroleo Brasileiro S.A. - Petrobras have agreed that Statoil will acquire Petrobras' 66% operated interest of the BM-S-8 offshore licence in Brazil's highly prolific Santos basin. The acquisition includes a substantial part of the Carcara oil discovery, one of the largest discoveries in the world in recent years. Carcara was discovered in 2012, on the geological trend of the nearby Lula field and Libra area. It is a world-clas...

Oil and Gas - Jul 29, 2016


Image - Torchlight Reaches Total Depth on Its Flying B Ranch Well #1 in the Midland Basin

Torchlight Reaches Total Depth on Its Flying B Ranch Well #1 in the Midland Basin

Torchlight Energy Resources, Inc. today announced that the Flying B Ranch #1 has been drilled to a total depth of 6470 feet. The well has been logged and 25 sidewall cores were taken from the different pay zones. The well has been cased and cemented in preparation for a near term fracing and completion. "We are encouraged with the initial scientific data from the logs as it correlates very well with the offset Davis Bros. Harris Est. #1 well f...

Oil and Gas - Jul 22, 2016


Image - AEG Power Solutions to Supply Equipment Securing Power Supply in a Russian Gas Production Project in the Arctic

AEG Power Solutions to Supply Equipment Securing Power Supply in a Russian Gas Production Project in...

AEG Power Solutions, a global vendor of power supply systems and provider of industrial power supply and renewable energy solutions, today announced that it was awarded a contract to supply equipment that will be insuring uninterrupted power supply for the Yamal LNG Project (Yamal-Nenets Autonomous Area, Russia). Protect 8 uninterrupted power supply systems by AEG PS meets all of the stringent technical requirements that Yamal LNG has set for the...

Oil and Gas - Jul 21, 2016




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