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New Initiative 'Could Help Unlock' Over 3.5B Barrels in UKCS
Friday, July 20, 2018 The OGTC launches an industry-backed initiative, which it says could help unlock more than 3.5 billion barrels of reserves in marginal discoveries on the UK Continental Shelf.
Saudi Arabia Says It Won't Oversupply Global Oil Market
Thursday, July 19, 2018 Saudi Arabia rejected concerns that it's planning to oversupply global oil markets and said it will actually trim crude exports next month.
Security Issues Continue to Plague Libya's Oil-Supply Growth
Wednesday, July 18, 2018 Just as Libya resumes oil exports from recently shuttered ports, an attack on its largest field is setting back progress yet again.
US Crude Oil Output Hits 11 Million bpd For First Time Ever
Wednesday, July 18, 2018 US crude oil production last week hit 11 million barrels per day (bpd) for the first time in the nation's history.
OGA: UKCS Production Efficiency Improves for 5th Straight Year
Tuesday, July 17, 2018 Production efficiency on the UK Continental Shelf has improved for the 5th consecutive year, according to a new report released by the Oil and Gas Authority.
Analysts: SDX's Egypt Appraisal Well Result 'Very Encouraging'
Monday, July 16, 2018 North Africa focused oil and gas company SDX Energy Inc announces that a 'successful' production test has been conducted at its SD-4X appraisal well at South Disouq in Egypt.
SNC-Lavalin Wins Five-year Contract from Saudi-Kuwait Firm
Monday, July 16, 2018 Canada-based SNC-Lavalin will provide general engineering services under latest framework deal.
Aker BP Says Norway Strike Would Have To Last Month To Hit Output
Friday, July 13, 2018 A 4-day oil workers strike in Norway that may escalate on Monday would have to last a month to impact Aker BP's production from the Valhall field in the North Sea, the Norwegian energy company says.
Focus On: Procurement & Construction
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.
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.
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.
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.
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.
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.
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.
Egdon Submits New Planning Application for Onshore Wressle Oil Field
Friday, July 06, 2018 Egdon Resources plc announces the submission of a new planning application for the development of the UK onshore Wressle oil field to North Lincolnshire Council.
Eni Starts Gas Production at OCTP Project Offshore Ghana
Thursday, July 05, 2018 Eni starts gas production from the Sankofa field in Ghana, which is part of the Offshore Cape Three Points (OCTP) integrated oil and gas project.
Iran Threatens to Stop Hormuz Oil Exports If Own Crude Cut
Thursday, July 05, 2018 Iran will stop oil exports from the Strait of Hormuz, the world's most important oil chokepoint, if the U.S. succeeds in halting crude sales from the Persian Gulf nation.
Norway's Equinor Submits $955 Mln Phase 3 Development Plan For Troll Field
Tuesday, July 03, 2018 Norwegian oil and gas firm Equinor submits a $954.46 million plan to develop gas reserves in the western part of its Troll field.
NPD: Troll Production Expected to Continue until 'Around 2060'
Tuesday, July 03, 2018 Production from the Troll field is expected to continue until around 2060, the Norwegian Petroleum Directorate (NPD) says.
US Envoy Sees Rise in Oil Production Easing South Sudan Peace Deal
Tuesday, July 03, 2018 South Sudan's plan to boost oil production should help it fund a forthcoming transitional government that seeks to end more than four years of civil war, the US ambassador says.
Abu Dhabi Ready to Pump More Oil Under OPEC Deal
Tuesday, July 03, 2018 Abu Dhabi said it's ready to increase oil output in line with guidance set by OPEC and allied producers.
BP Starts Up Shah Deniz 2 Gas Development in Azerbaijan
Monday, July 02, 2018 BP plc and its partners in the Shah Deniz consortium announce the start-up of the Shah Deniz 2 gas development in Azerbaijan.
Libya's NOC Declares Force Majeure At Zueitina And Hariga Oil Export Ports
Monday, July 02, 2018 Libya's National Oil Corporation declares force majeure on loadings from Zueitina and Hariga ports on Monday.
Algeria Raises Production At Eastern Alrar Gas Field
Monday, July 02, 2018 Output at Algeria's Alrar gas field close to its border with Libya has risen.
EIA: US Crude Output Dips In April To 10.467 MMbpd
Friday, June 29, 2018 U.S. crude production fell marginally by 2,000 bpd to 10.467 million bpd in April from the highest on record in March.
Serica: FDP Submitted for North Sea Project
Thursday, June 28, 2018 A Field Development Plan (FDP) has been submitted for the Columbus development in the central North Sea.
Tullow Ups 2018 Output Forecast, Provisions For Seadrill Claim
Thursday, June 28, 2018 Tullow Oil raises its 2018 production outlook to 86,000-92,000 barrels of oil per day from 82,000-90,000 bopd.
KCA Deutag Secures Total Drilling Contract
Wednesday, June 27, 2018 KCA Deutag's offshore business unit secures a new drilling contract with Total E & P UK Limited for the North Alwyn and Dunbar platforms.
Groningen Gas Output Falling Faster Than Planned
Wednesday, June 27, 2018 Production at the Groningen natural gas field will be lower than originally envisaged this year.
Myanmar Shwe Contract Goes to McDermott, BHGE
Wednesday, June 27, 2018 A consortium of McDermott and BHGE has won a contract for the second phase of the Shwe gas field development offshore Myanmar.
Chevron Awards BHGE Contracts for Next Gorgon Phase
Tuesday, June 26, 2018 The new equipment will facilitate a second development phase within the Greater Gorgon area offshore northwestern Australia.
Saudi Aramco CEO Says Has 2 Million Barrels Per Day Of Spare Capacity
Monday, June 25, 2018 Oil giant Saudi Aramco says it has a spare capacity of 2 million barrels per day and can meet additional oil demand in case of any interruption in supplies.
Shell Gives Go-Ahead To Third North Sea Oil, Gas Project In 2018
Monday, June 25, 2018 Shell says it will develop the Fram gas field in the North Sea, its third project approval in the ageing basin this year.
Tenaris to Resume Operations at Texas Mill, Hire 150 Workers
Thursday, June 21, 2018 After years of inactivity due to the downturn, Tenaris has announced it will resume operations at a mill in Texas.
WoodMac: New Regulations to Help Boost Brazil's Pre-Salt Oil Production
Wednesday, June 20, 2018 A new report by Wood Mackenzie finds that Brazil's new local content policy can speed up the deployment of FPSO units.
Iraq, Exxon Talks On Water Treatment Project End-BOC Director General
Wednesday, June 20, 2018 Iraq is no longer in talks with Exxon Mobil Corp for the oil major to build a giant water treatment facility.
Total To Start Uganda Oil Production In 2021 At The Earliest
Tuesday, June 19, 2018 Total says it expects to start producing oil in Uganda in 2021 at the earliest.
Norway's Oil Production Falls To Six-Year Low In May
Tuesday, June 19, 2018 Norway's monthly oil output fell to a six-year low in May.
Iran Says South Pars Not Affected By US Actions, Upgrading Oilfields
Tuesday, June 19, 2018 The possible withdrawal of Total from South Pars gas field has not slowed down the project, a senior Iranian official says.
Report: Permian, Marcellus & Utica to Supply 55% of N. American Gas by 2030
Thursday, June 14, 2018 A report by McKinsey Energy Insights projects the three shale plays to drive supply.
China's CNOOC Sees Ugandan Oil Production Starting In 2021
Wednesday, June 13, 2018 Oil production in Uganda is likely to start in 2021 at the earliest, China's CNOOC said, giving a later date than the government's 2020 target.
Russia Is Said to Seek Oil-Cuts Rollback for Most OPEC Nations
Tuesday, June 12, 2018 Russia plans to propose that OPEC and its allies be allowed to return production to October 2016 levels.
Russia Said to Boost Oil Output as Commitment to OPEC Cuts Wanes
Monday, June 11, 2018 Russia is showing signs of weakening its commitment to oil-supply cuts as production rises before crucial talks with OPEC about the future of the agreement.
Official: Italy's ENI On Track To Double Ghana Gas Output
Friday, June 08, 2018 ENI is on track to deliver the first gas from its Ghana operations this month.
Possible To Reduce Groningen Gas Output Faster - Dutch Minister
Thursday, June 07, 2018 Production at the Groningen natural gas field could be reduced faster than planned.
Spain's Repsol To Boost Production, Hike Dividend In 2020
Wednesday, June 06, 2018 Spanish oil major Repsol expects to increase production to 750,000 barrels per day in 2020 and raise its dividend to $1.2 per share over the next two years.
Sources: US Asks OPEC Producers To Pump More Oil, No Specific Figure
Tuesday, June 05, 2018 The US government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.
Gas Glut in Permian Sparks Dilemma Over How Much to Burn
Monday, June 04, 2018 Texas is facing a burning question that's pitting the state's economy against its environment, and oil drillers against each other.
Rosneft Seen Quickly Recovering Output Once OPEC Deal Curbs Eased - Analyst
Friday, June 01, 2018 Russia's largest oil producer Rosneft has been able to recover its oil production of 70,000 barrels per day in just two days, Renaissance Capital wrote in a client note.
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