drilling Tag

Just days after revealing plans to invest US$8.4 billion in offshore Arctic exploration, Rosneft (MCX:ROSN) has announced the discovery of oil in the Eastern Arctic. The discovery was made by experts drilling a prospective well on the shelf of the Khatanga Bay in the Laptev Sea,...

BP’s (LSE:BP) Trinidad & Tobago division (BPTT) has announced the discovery of two large-scale gas reserves in exploration wells off the coast of Trinidad. The Savannah exploration well was drilled in water depths of over 500 feet along with the Macadamia well, with the results confirming...

Rosneft (MCX: ROSN) has begun drilling of a well in the Northernmost region of the Russian Arctic shelf, drawing praise from President Vladimir Putin. The Tsentralno-Olginskaya-1 well was tapped in the Laptev Sea using an onshore facility drilling horizontally, and is the first of its kind...