Oil exploration is picking up in Azerbaijan as prices recover

Article Abstract:

Oil companies return to Azerbaijan in search of undiscovered deposits as world oil prices increase.

Production data, Crude Petroleum, Azerbaijan, Illustration

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Exxon-led group unveils plan for Russian oil fields

Article Abstract:

A consortium headed by Exxon Mobil Corp. will make an investment of as much as $12 billion for the development of offshore oil fields in Russia's Pacific waters. The Sakhalin 1 project is located near Sakhalin Island off of Russia's East Coast.

Capital expenditures, Natural resources, Offshore Crude Petroleum, Investments, Oil fields, Exxon Mobil Corp., Consortia, Sakhalin

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Shell to proceed on Siberia oil plan

Article Abstract:

Royal Dutch/Shell Group has given its approval to a planned oil development project in Siberia. The plan is valued at $1 billion (884.6 million euros).

PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Crude Petroleum & Natural Gas, Petroleum & Energy Products, Siberia, Royal Dutch-Shell PLC

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