TUAPSE, Russia — Rosneft and ExxonMobil today signed agreements to jointly develop tight oil reserves in Western Siberia and establish a joint Arctic Research Center for Offshore Developments.
TUAPSE, Russia — Rosneft and ExxonMobil today signed agreements to jointly develop tight oil reserves in Western Siberia and establish a joint Arctic Research Center for Offshore Developments.
OSLO–Norwegian oil giant Statoil ASA Friday delivered a plan to the Norwegian government for the NOK4.4 billion Svalin field development in the North Sea, and said it expected first production in 2013.
BUENOS AIRES–Mexican billionaire Carlos Slim has bought an 8.4% stake in YPF SA, Argentina's biggest oil-and-gas company. Mr. Slim acquired 6.59% of YPF's stock, or almost 25.9 million Class D shares, for $288 million, according to a filing YPF sent to the local stock exchange Thursday. He also acquired another 1.77%, or almost seven million…
IRVING, Texas — Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced today that it has spud the Breitling-Brown Billy #1 in Live Oak County, Texas as it continues to develop its "Gulf Coast Onshore Initiative" that began in May 2010.
TGS-NOPEC Geophysical Company announced the acquisition of Calgary-based Arcis Seismic Solutions Corp.
All members of the Organization of Petroleum Exporting Countries have agreed to abide by the 30 million barrel a day (bpd) oil production ceiling, with all but two members aiming to reduce their output in line with the level in November 2011, said Secretary General Abdalla Salem el-Badri Friday.