Production News


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Saudis See Need for Producers to Cut 1MM Barrels
Monday, November 12, 2018 Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.

Welcome to a Renter's World
Friday, November 09, 2018 One trend that emerged from the latest downturn this looks set to last: the traditional customer's conversion to a leasing model.

UKCS Reserves Could Sustain Output for 20+ Years
Thursday, November 08, 2018 The OGA's estimate for proven and probable (2P) UKCS reserves, as at end 2017, is 5.4 billion barrels of oil equivalent.

WoodMac Says South Sudan Outlook Shaky
Wednesday, November 07, 2018 South Sudan's optimism about restoring oil output to 350,000 barrels a day depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie Ltd.

First Shale Gas from UK PNR Site
Monday, November 05, 2018 Cuadrilla begins to see natural gas flow to the surface from its shale exploration well at the UK Preston New Road site.

ADNOC to Boost Oil Production to 4 MMbpd by 2020
Monday, November 05, 2018 The state-owned oil company is implementing a new gas strategy to increase production and plans to invest $132 billion in the next five years.

Leviathan Project 67% Complete
Friday, November 02, 2018 Construction of the Leviathan project is 67% complete, with anticipated first gas sales on schedule by the end of 2019.

Apache Plans to Fast Track North Sea Find
Thursday, November 01, 2018 Apache plans to accelerate initial production from the Garten discovery from the first quarter of 2019 to the fourth quarter of this year.




North Sea Columbus Development Gets Green Light
Wednesday, October 31, 2018 The Field Development plan for the North Sea Columbus Development has been approved.

Total Gets Nod to Extend Skirne and Byggve Lifespan
Tuesday, October 30, 2018 Total E&P Norge gets consent to extend the operational life of Skirne and Byggve to March 2024.

Total Finds Congo Pleasant Surprise
Friday, October 26, 2018 Total's oil production in the Republic of Congo has exceeded expectations, a company official said.

Vaca Muerta Shale Output Projection Revised
Friday, October 26, 2018 YPF SA will produce more oil and gas than originally planned over the next five years as shale output from the Vaca Muerta formation picks up, according to the Argentine producer's top two executives.

Plan Submitted for 2014's Largest Oil Find
Thursday, October 25, 2018 The development and exploitation plan for the SNE field offshore Senegal has been submitted on schedule to the government.

GWF-2 Comes Online $630MM Cheaper Than Expected
Thursday, October 25, 2018 The Greater Western Flank Phase 2 project off the north west coast of Australia has commenced gas production.

OPEC Could Cut Production in 2019
Thursday, October 25, 2018 OPEC signaled it could cut output in 2019 due to concerns about rising oil inventories and economic uncertainty.

Trump Admin Approves First Oil Production Facility in Federal Arctic Waters
Thursday, October 25, 2018 The Trump administration has authorized Hilcorp's plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude.

US Still Largest Natural Gas Producer
Wednesday, October 24, 2018 The United States is still the world's largest natural gas producer, despite a marginal 2017 output increase.

Petrobras FPSO Achieves First Oil
Wednesday, October 24, 2018 The Petrobras-operated FPSO P-69 is now producing at the Lula Extrema South in Brazil's offshore Santos Basin.

OPEC in Maximum Production Mode
Tuesday, October 23, 2018 Saudi Arabia says OPEC and allies are in a 'produce as much as you can mode'.

Green Light for North Sea Alligin Field
Monday, October 22, 2018 BP receives approval from the UK's Oil and Gas Authority to proceed with the Alligin development west of Shetland.

Onshore UK Portland Field Dubbed Commercially Viable
Friday, October 19, 2018 Horse Hill Developments, a UKOG subsidiary, considers the Portland oil field to be commercially viable, UKOG has revealed.

BP Thunder Horse Expansion in Gulf of Mexico Starts Early
Thursday, October 18, 2018 BP starts up its Thunder Horse Northwest Expansion in deepwater Gulf of Mexico months ahead of schedule.

New Produced Water Blueprint Expected in 2019
Tuesday, October 16, 2018 An upcoming report could usher in produced water's transformation from a byproduct to a resource.

Natural Gas Helps Texans Save Almost $60B in 10 Years
Tuesday, October 16, 2018 A new report by the Consumer Energy Alliance finds that Texas residents saved billions of dollars, thanks to natural gas production.

110MM Barrel North Sea Field Comes Online
Monday, October 15, 2018 The North Sea Oseberg Vestflanken 2 field came online on October 14.

Offshore Mexico FPSO Contract Goes to Modec
Friday, October 12, 2018 Eni Mexico to deploy the FPSO in Offshore Area 1

Offshore Australia Contract Goes to KBR
Thursday, October 11, 2018 KBR has won an engineering contract for the two gas FPSO facilities for the proposed Browse to North West Shelf Development.

FID Taken on UK North Sea Field
Wednesday, October 10, 2018 A final investment decision has been made to develop the UK central North Sea Arran field.

BP and ENI Team Up for Libya EPSA Restart
Tuesday, October 09, 2018 Libya's NOC, BP and Eni sign an agreement expected to lead to BP and Eni working together to resume exploration activities on a major exploration and production contract.

IEA Urges OPEC to Open Taps as Oil Markets Enter 'Red Zone'
Tuesday, October 09, 2018 The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output.

Analysts Bearish on UK Shale Prospects
Monday, October 08, 2018 Analysts at Fitch Solutions Macro Research remain 'widely bearish' on the prospects of UK shale gas.

Cuadrilla to Start Fracking in Lancashire
Friday, October 05, 2018 Cuadrilla expects to start hydraulically fracturing the shale rock around the first of its two horizontal shale gas exploration wells at its UK Preston New Road site in the next week.

Saudi Crown Prince to Trump: We've Replaced All Iran's Lost Oil
Friday, October 05, 2018 Saudi Arabia's crown prince, facing US pressure to tame surging oil prices, insisted that the kingdom is fulfilling promises.

Norwegian Sea Gift Keeps on Giving
Friday, October 05, 2018 In production since 1997, the Equinor-operated Norne oil field in the Norwegian Sea just got a major boost in its recoverable reserves estimate.

Saudis and Russia Open the Oil Taps While the Market Shrugs
Wednesday, October 03, 2018 After their September meeting, the world's two largest oil exporters sought to send a clearer signal to ease the price worries of consumers, and the US president.

Senegal SNE Field on Track for First Oil
Tuesday, October 02, 2018 Senegal's deepwater SNE field is on track for first oil in 2022, Fitch Solutions Macro Research states in a new report.

OPEC Output Edges Higher
Tuesday, October 02, 2018 OPEC production rose last month as deepening losses in Iran due to looming US sanctions were countered by other members.

YPF Is Said to Shut Gas Wells as Argentine Economy Flops
Tuesday, October 02, 2018 YPF is closing the tap on some of its natural gas wells as the nation's second recession in three years curbs demand, according to sources.

PDO for $1.2B Nova Project Gets Green Light
Monday, October 01, 2018 Wintershall Norge reveals that the plan for development and operation for the Nova project has been approved by Norway's Ministry of Petroleum and Energy.

BP Gets Green Light for North Sea Project
Thursday, September 27, 2018 BP receives approval from the UK's Oil and Gas Authority to proceed with the Vorlich development in the central North Sea.

Frac Sand Market Faces Supply Chain Disruption
Tuesday, September 25, 2018 The US frac sand market could approach $6 billion by 2023. SOURCE: Black Mountain Sand

Uganda Expects to Miss Target for First Oil
Monday, September 24, 2018 Uganda said it expects to miss its 2020 target for the East African nation's first crude production.

Strong Growth in Short Term Egypt Gas Production Expected
Thursday, September 20, 2018 Fitch Solutions Macro Research expects 'strong growth' in gas production in Egypt in the short term, a new report by the company has revealed.

Russia Oil Output Is Said to Hit New Highs Before OPEC Talks
Thursday, September 20, 2018 Russia's crude production has jumped to a new post-Soviet record, boosting the nation's budget revenue as it prepares for talks with OPEC+ on further cooperation, according to a government official.

First Oil Production Begins at Tortue Field
Wednesday, September 19, 2018 Panoro Energy announces that first oil production has started from the Tortue field, which is located within the Dussafu PSC offshore Gabon.

CNOOC Starts Up Penglai 19-3 Comprehensive Adjustment Project
Tuesday, September 18, 2018 CNOOC Limited announces that the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project has commenced production.

Gazprom Neft Joins Forces with CNPC to Develop EOR Tech
Thursday, September 13, 2018 Gazprom Neft announces that it has joined forces with China National Petroleum Corporation to develop enhanced oil recovery technologies.

Lancaster EPS Subsea Installation Completed
Thursday, September 13, 2018 Hurricane Energy says the installation of subsea umbilical, risers and flowlines for the Lancaster Early Production System has been 'successfully completed'.

EIA: US Likely Became Biggest Oil Producer Earlier This Year
Wednesday, September 12, 2018 US likely overtook Russia and Saudi Arabia in terms of oil output to become the world's biggest producer earlier this year.

West of Shetland Touted as Place to be for UK Growth
Tuesday, September 11, 2018 For UK growth, the West of Shetland is the place to be, according to a new report by Wood Mackenzie.

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