In early December 2019, NEQSOL Holding announced its acquisition of Vodafone Ukraine, with financing provided by a group of financial institutions and international funds led by Raiffeisen Bank International A.G. and J.P. Morgan Securities Plc. Earlier, the company had announced the signing of a binding agreement with MTS for the acquisition of the telecommunications business […]
Read More NEQSOL Holding Acquires Vodafone UkraineThe Permian Basin in Texas has been producing oil for almost a century to date, beginning in the 1920s. The two million barrels per day mark was reached in the 1970s, followed by a period of decline in production output. From the turn of the millennium, oil production in the Permian Basin gradually began to […]
Read More The Permian Basin in Texas Could Be Set for an Oil BoomA new strategy from the Oil and Gas Authority (OGA) published in 2019 focuses on improving economics for the United Kingdom Continental Shelf (UKCS). The report outlines plans from the OGA to work in collaboration with government and industry to maximise the UK oil and gas industry’s economic recovery by increasing activity in the North […]
Read More New Strategy from the Oil and Gas Authority Focuses on Improving UKCS EconomicsThe price of Brent crude oil experienced a dramatic price crash beginning in 2015, dropping to less than $30 per barrel in 2016 from $115 in 2014. The UK North Sea oil and gas industry dealt with the blow by curtailing new projects and cutting costs, leading to a more streamlined business model with current […]
Read More Investor Courage Required as North Sea Oil Prices Begin to RecoverExploration at UK offshore sites is gaining momentum, with estimates from Westwood Global Energy Group suggesting as many as 17 new wells for exploration could be drilled by the middle of 2020. The wells will be drilled into the United Kingdom Continental Shelf (UKCS), testing unrisked resources that could total more than two billion barrels […]
Read More Momentum Gains in UK Offshore ExplorationIn the hydraulic fracturing industry, one of the biggest operational costs is the management of the high salinity water that is produced. The industry as a whole has been seeking solutions to this water management problem for some time, for both economic and environmental benefit. Finding an ideal method of water treatment so it can […]
Read More Water Treatment and Management for Hydraulic FracturingThe Park Inn by Radisson hotel in Baku, Azerbaijan, recently hosted a workshop for the Society of Petroleum Engineers. Running from 23rd-24th October 2018, the SPE workshop focused on the Caspian basin and looked at the challenges of geomechanics and pore pressure. Sponsors of the workshop included Nobel Upstream, an independent oil and gas exploration […]
Read More The Society of Petroleum Engineers: Workshops and ResourcesThe Wolfcamp Formation (or Wolfcamp Shale) in the Permian Basin of Texas (the United States) is an oil and gas formation whose development has traditionally been vertical. However, companies in the region have shifted to using horizontal development techniques as technology has advanced to allow this. Located primarily in the Midland Basin part of the […]
Read More The Wolfcamp Formation’s Enormous PotentialThe Permian Basin in the western part of Texas (in the United States) is an oil-rich region that was first drilled in 1925. Over the years, it has experienced an increase in activity as companies make use of new technologies to drive up production. The Permian Basin is comprised of several other basins, including the […]
Read More The Permian BasinAzerbaijan has a long history of oil production, having been one of the first oil-producing countries in the world, and at one time it was responsible for more than half of the world’s supply. Oil has been integral to the development of Azerbaijan, from an economic perspective and regarding the region’s geopolitics. Among the companies […]
Read More SOCAR’s Role in Azerbaijan’s Oil and Gas Industry
Nobel Upstream 