PJSC Lukoil says recoverable crude oil reserves have increased more than sixfold at a field discovered in late 2011 in the Timan-Pechora basin in northern Russia.

Partners have signed a framework agreement for the construction of a 550-km, 240,000-b/d pipeline that will transport jet fuel, diesel, and gasoline from the port of Djibouti on the Gulf of Aden to storage facilities in Awash, near the capital city of Addis Ababa in central Ethiopia.

Essar Energy Ltd. reported the discovery of natural gas in the Pliocene formation offshore India’s west coast. Essar’s consortium partner, Oil & Natural Gas Corp. Ltd., is operator and has 70% interest.

Essar Energy Ltd. reported the discovery of natural gas in the Pliocene formation offshore India’s west coast. Essar’s consortium partner, Oil & Natural Gas Corp. Ltd., is operator and has 70% interest.

Iranian elections, two of which will be held Feb. 26, are more important than they are consequential.

Iranian elections, two of which will be held Feb. 26, are more important than they are consequential.

Devon Energy Corp., Oklahoma City, plans capital expenditures in 2016 of $1.17-1.45 billion, down from $5.26 billion in 2015. That includes the firm's exploration and production capital investment for 2016, which is estimated to range $900 million-1.1 billion, also a 75% decrease from that of 2015.

More than 4 years after a light earthquake in Youngstown made national headlines, Ohio regulators believe they are getting induced seismicity from oil and gas waste disposal wells under control.