The new funding from the US was approved last month.
Approximately 3,000 personnel are participating in the exercises conducted in the regions of Voronezh, Belgorod, Bryansk, and Smolensk.
Achim Development has commenced the hot commissioning of Area 5A of the Urengoyskoye oil, gas and condensate field in Siberia.
Crude oil prices increased following commitments from major producers to cut crude output in response to weaker fuel demand following the surge in new Covid-19 cases globally.
Floating production storage and offloading (FPSO) vessel operator BW Offshore has confirmed that two workers have died following an incident on board its ‘Espoir Ivoirien’ FPSO.
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Oil prices have dropped due to concerns over fuel demand as the world’s largest crude importer China reported the highest number of daily Covid-19 cases in more than ten months.
Equinor and Argentina’s state-owned YPF have signed an agreement to sell their jointly held non-operated stakes in the CAN 100 block offshore Argentina.
Neptune Energy has awarded integrity management and fabric maintenance contracts for its Cygnus gas production platform in the UK North Sea.
McDermott International has completed installation and pre-commissioning for Reliance Industries’ R Cluster subsea field in the KG D6 block.
UK-based Energean has completed its acquisition of French oil major Total’s entire 50% working interest (WI) stake and operatorship in Block 2, offshore Western Greece.