Oil & Gas News

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Eni Announces Oil Discovery in Egyptian Western Desert

Industry Headlines

Stocks, Commodities Regain Footing After Dropping on Trade Worries
Thursday, July 12, 2018 Oil steadied on Thursday after taking a wild ride.

BLOG: Oil and Gas Industry Survival Tips
Thursday, July 12, 2018 Here are some recommendations for surviving the industry's highs and lows.

SAFE 'Back at the Table' if it Receives 'Any Serious Contact' from NR
Thursday, July 12, 2018 If Norway's SAFE union receives 'any serious contact' from the Norwegian Shipowner's Association, it will be 'back at the table' a SAFE union representative says.

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Analysts Revise Oil Price Outlook to 2019
Thursday, July 12, 2018 BMI Research revises its oil price outlook for the next 2 years.

World's Oil Cushion Could Be Stretched To The Limit, IEA Warns
Thursday, July 12, 2018 The world's oil supply cushion could be stretched to the limit due to prolonged outages, supporting prices and threatening demand growth, the International Energy Agency says.

Booming LNG Market Steps Out Of The Dark As Transparency Push Grows
Thursday, July 12, 2018 The $230 billion liquefied natural gas industry is slowly seeing light as global traders push for more transparency in the booming market.

Crude Oil Benchmark Brent Sees Biggest One-Day Fall In Two Years
Wednesday, July 11, 2018 Global benchmark Brent crude oil had its biggest one-day drop in two years.


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Exploration

Industry is 'Fit', 'Ready' for New North Sea Exploration Era
Wednesday, July 11, 2018 Industry is 'fit and ready' to usher in a new era of exploration in the North Sea, according to Oil & Gas UK's upstream policy director Mike Tholen.

Savannah Makes 3rd Consecutive Discovery in Niger
Wednesday, July 11, 2018 Savannah Petroleum plc announces its third consecutive discovery in its maiden exploration campaign in the R3 portion of the R3/R4 PSC Area in the Agadem Rift Basin.

PSAN Grants Equinor Consent for Barents Sea Exploration Drilling
Tuesday, July 10, 2018 Petroleum Safety Authority Norway (PSAN) gives Equinor its consent for exploration drilling in block 7132/2 in the Barents Sea.

UK's OGA Launches 31st Offshore Licensing Round
Tuesday, July 10, 2018 The Oil and Gas Authority (OGA) launches the 31st Offshore Licensing Round, offering blocks in frontier areas of the UK Continental Shelf.

Eni Announces Oil Discovery in Egyptian Western Desert
Monday, July 09, 2018 Eni announces a second oil discovery in the Fagur Basin in the Egyptian Western Desert.

US Drillers Add Oil Rigs for First Week in Three -Baker Hughes
Friday, July 06, 2018 U.S. energy companies this week added oil rigs for the first time in three weeks but the rate of growth has slowed.


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Production

Iraqis Protest at Oilfields to Call for Jobs and Basic Services
Thursday, July 12, 2018 The unrest did not impact production at West Qurna 2 or the other two fields, West Qurna 1 and Rumaila, two oil officials said.

Premier Oil's Board Approves UK Offshore Tolmount Project
Thursday, July 12, 2018 Premier Oil confirms that its board has approved the Tolmount gas project.

EIA: US Crude Stocks Slump Nearly 13 Million Barrels to Feb 2015 Low
Wednesday, July 11, 2018 US crude oil stocks fell by nearly 13 million barrels last week, the most in nearly two years.

Inpex: Ichthys LNG Project Preparing for Production Start-Up
Wednesday, July 11, 2018 Inpex Corporation (Inpex) announces that its operated Ichthys LNG project is preparing for production start-up.

Kazakhstan's Oil Output Rises 6.2% In First Half Of Year
Tuesday, July 10, 2018 Kazakhstan's oil output rose 6.2% year-on-year in the first half of 2018 to 45.2 million tonnes, Energy Minister Kanat Bozumbayev says.

Libya's Oil Output More Than Halved Since February - NOC
Monday, July 09, 2018 Libya's national oil production fell to 527,000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation said.

Rovuma LNG Phase 1 Development Plan Submitted to Mozambique Government
Monday, July 09, 2018 Mozambique Rovuma Venture S.p.A submits the development plan for the first phase of the Rovuma LNG project to the Mozambique government.


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Finance and Investing

Russian Lawmakers Approve Profit-Based Taxation For Oil Production
Thursday, July 05, 2018 The lower house of Russian parliament on Thursday approves in the third and final reading the new, profit-based, taxation for a limited number of oilfields.

EBRD Set To Approve TAP Loan In Boost For Developers -Sources
Wednesday, July 04, 2018 A major European development bank is likely to approve a loan for the Trans-Adriatic Pipeline (TAP) gas project on Wednesday, sources say.

Rig Firm Fred. Olsen Energy Fails To Win Waiver Extension
Monday, July 02, 2018 The creditors of Oslo-listed Fred. Olsen Energy did not agree to extend a waiver to some of the company's financial covenants that expired on Saturday, the Norwegian drilling rig contractor says.

Santos Set To Resume Dividends Earlier Than Expected, Shares Rise
Thursday, June 28, 2018 Australia's Santos Ltd says it will resume its dividend payment policy earlier than expected.

Equity Ramping Up to Target Unconventional Plays Including the Permian
Wednesday, June 20, 2018 Despite bottleneck woes, investors are opening their wallets for the latest wave of unconventional fever and the Permian in particular.

Brookfield CEO Says He May Consider Trans Mountain Investment
Friday, June 15, 2018 Brookfield Asset Management Inc., Canada's largest alternative asset manager, may consider investing in the Trans Mountain pipeline - if it would produce an attractive return.


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Company Operations

Weatherford to Sell Drilling Rigs Business in Kuwait, Saudi Arabia, Algeria
Thursday, July 12, 2018 A subsidiary of Weatherford signs a definitive agreement with ADES International Holding for the sale of Weatherford's land drilling rig operations in Algeria, Kuwait and Saudi Arabia.

Australia Regulator Finds Safety Problems On Inpex Offshore Gas Platform
Monday, July 09, 2018 An Australian regulator says it has found some safety problems on the offshore gas platform for Japanese firm Inpex Corp's Ichthys LNG project off northern Australia.

Equinor: Njord Bravo FSU Now Docked in Norway for Refurbishment
Monday, July 09, 2018 Equinor confirms that the Njord Bravo floating storage unit has now docked at Aibel's yard in Haugesund, Norway.

Spirit Energy to Take on Operatorship of UK North Sea Babbage Field
Friday, July 06, 2018 Spirit Energy Limited reaches an agreement with its joint venture partners in the Babbage field to take on operatorship of the license, where it holds a 13% interest.

CNPC To Sign Oil Exploration, Refining Pact With ADNOC This Month - Sources
Friday, July 06, 2018 CNPC is expected to sign a preliminary agreement with ADNOC later this month to invest in oil and gas exploration and refinery projects, sources with knowledge of the matter say.

Preparations for Listing Aramco Stalled - WSJ
Thursday, July 05, 2018 Public listing preparations of Saudi Aramco have stalled, the Wall Street Journal reported.


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