Dragon Oil says results from a water injection study offshore Turkmenistan could improve well performance on its Cheleken Contract Area fields.

Dragon Oil has updated its ongoing drilling program in the Cheleken Contract Area of the Turkmen sector of the Caspian Sea.

The ice-resistant fixed platform for Gazprom’s Prirazlomnoye field off northern Russia is nearing completion.

ACE Winches’ Hire Equipment division is nearing completion of a $7.7-million contract for Petronas/MMHE offshore Turkmenistan.

Dragon Oil has completed a further development well in the Cheleken Contract Area of the Caspian Sea, and commissioned a new 14-in. in-field pipeline

Rosneft and China National Petroleum Corp. (CNPC) have agreed to expand co-operation in the upstream sector.

Wood Mackenzie forecasts global upstream capital spending of over $380 billion in 2010, based on analysis of the industry’s investment plans.

Gazprom has contracted WorleyParsons for front-end engineering design (FEED) services for the Shtokman development phases 2 and 3 in the Barents Sea.

Dragon Oil has completed drilling and initial testing of two more wells in its Cheleken Contract Area fields in the Caspian Sea.