Industry News

  • Exploration
  • Lukoil reports flow from new Caspian well
    A second production well completed from the wellhead platform installed during second-phase development of Yury Korchagin oil field flowed at an initial rate of 600 tonnes/day of crude oil, reports Lukoil.
  • IEA: Global oil supply will outpace demand throughout 2019
    Global oil supply will outpace demand throughout 2019, the International Energy Agency forecasted in its latest Oil Market Report. Since midyear, oil supply had increased sharply with gains in the Middle East, Russia, and the US more than compensatin...
  • Oxy signs MOU for Mukhaizna solar steam
    Occidental of Oman has signed a memorandum of understanding with GlassPoint Solar, Fremont, Calif., for the possible use of steam raised with solar energy for injection at Mukhaizna heavy oil field in south-central Oman. Under discussion is a 2-...
  • Drilling & Production
  • Lukoil reports flow from new Caspian well
    A second production well completed from the wellhead platform installed during second-phase development of Yury Korchagin oil field flowed at an initial rate of 600 tonnes/day of crude oil, reports Lukoil.
  • IEA: Global oil supply will outpace demand throughout 2019
    Global oil supply will outpace demand throughout 2019, the International Energy Agency forecasted in its latest Oil Market Report. Since midyear, oil supply had increased sharply with gains in the Middle East, Russia, and the US more than compensatin...
  • Oxy signs MOU for Mukhaizna solar steam
    Occidental of Oman has signed a memorandum of understanding with GlassPoint Solar, Fremont, Calif., for the possible use of steam raised with solar energy for injection at Mukhaizna heavy oil field in south-central Oman. Under discussion is a 2-...
  • American Petroleum Institute

Disclaimer: 

News releases are maintained for general information.This is not intended to be a substitute for formal legal disclosures related to HEYCO Energy Group and its partners.