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Russia Oil Output at Post-Soviet High on Foreign Projects, Rosneft
Friday, October 02, 2015 Russian oil output reached a new post-Soviet monthly high of 10.74 million barrels per day in September thanks to foreign-led projects and Rosneft, according to Russia's Energy Ministry.
Statoil Buys Stake in Alfa Sentral Gas Field License on UKCS
Friday, October 02, 2015 Norway's Statoil pays $15 million for a 24-percent stake in the UK license that contains the Alfa Sentral gas and condensate field.
Stripper Wells Burning Cash at $30 Oil to Speed US Output Drop
Thursday, October 01, 2015 The speed at which oil producers shut down wells spitting out their final drops of unprofitable crude may speed the drop in US output and hold the key to an eventual rebound if prices fall further.
ANP: Brazil Produced Record 2.5 MMbpd Of Oil In August
Thursday, October 01, 2015 Brazil produces a record amount of oil in August, surpassing a previous high set in December 2014, ANP says.
Aker Bags Subsea Contract from Murphy for Rotan Gas Project Off Malaysia
Thursday, October 01, 2015 Aker Solutions bags contract to supply a subsea production system to Murphy Oil for the Rotan deepwater gas project offshore East Malaysia.
Gulf Keystone Says Reserves More Than Double at Shaikan Oilfield
Thursday, October 01, 2015 Gulf Keystone says an independent report found that the reserves at a key oilfield in Iraqi Kurdistan were more than double the previous estimate.
Partners Reach FID for Cameroon FLNG Project
Thursday, October 01, 2015 Partners reach a final investment decision to proceed with development of the Cameroon FLNG project.
Iraq's September Oil Exports Slip to 3.052M BPD
Thursday, October 01, 2015 Iraq's oil exports fell in September to an average of 3.05 million barrels per day from 3.08 million bpd the previous month.
Technip Secures ENI Umbilical Supply Contract
Thursday, October 01, 2015 Technip's subsidiaries Technip Umbilicals Ltd and Angoflex Ltda have been awarded a contract by ENI S.p.A. to supply umbilicals to the Block 15/06 East Hub Development, located offshore Angola.
Shell Says in Talks with Gazprom on Yuzhno-Kirinskoye Gas Field
Wednesday, September 30, 2015 Royal Dutch Shell is in talks to join Gazprom in tapping the Yuzhno-Kirinskoye gas field offshore Russia's Sakhalin island in the Pacific.
MX Oil: 2H 2015 Likely to be Game-Changing
Wednesday, September 30, 2015 MX Oil CEO Stefan Olivier believes the second half of this year "is likely to be game-changing for MX Oil".
Nigeria MD: Shell to Focus Future Investment in Nigeria on Gas
Wednesday, September 30, 2015 The managing director of Shell's joint venture in Nigeria says that the oil major would focus its future investments in the country on natural gas.
Oil Output at Kazakhstan's TengizChevroil Seen Flat in 2015-2016
Tuesday, September 29, 2015 TengizChevroil is expected to keep output similar to its 2014 level this year and next.
CIMIC Bags $209M Deal from APLNG for Gas Development Works in Surat Basin
Tuesday, September 29, 2015 CIMIC's construction arm Leighton Contractors bags a $209 million contract from APLNG for gas development works in the Surat Basin, Queensland, Australia.
Official: Unclear When Kashagan Reaches its Forecast Output Level
Tuesday, September 29, 2015 Kazakhstan's deputy energy minister says it is hard to judge when the Kashagan oilfield will start producing at the previously-forecasted level of 375,000 barrels per day.
PetroNeft Sees No Sign of Oil Price Improvement, Vows to Grow Production
Tuesday, September 29, 2015 PetroNeft's Chairman, David Golder, believes "there is little sign of improvement in oil prices in the near term" and states that PetroNeft is focused on growing production in the future.
KazMunaiGas EP Increases Capex to Drill New Wells in 2015
Monday, September 28, 2015 KazMunaiGas Exploration Production plans to increase its capital expenditure this year to pay for the drilling of additional wells at its main oilfields.
Eni's Arctic Field off Norway Hit by New Delays
Monday, September 28, 2015 Eni faces further delays in the development of its Goliat oilfield in the Arctic and has yet to obtain permission from Norwegian authorities to start production.
EMAS AMC Completes 2 Subsea Tieback Projects for Noble Energy in US GOM
Monday, September 28, 2015 EMAS AMC successfully completes subsea tieback projects at Noble Energy's at Big Bend and Dantzler fields in the US Gulf of Mexico.
Differences Surface in Indonesian Government on Abadi Gas Project Concept
Monday, September 28, 2015 Differences surface within the Indonesian government on the development concept for the Abadi gas project in Arafura Sea, eastern Indonesia, according to a local daily.
JV Partner Exercises Rights to Beach's Stake in Egypt Abu Sennan Concession
Monday, September 28, 2015 Australia's Beach Energy says a joint venture partner has exercised its pre-emptive rights for a stake in Egypt's Abu Sennan concession following the former's sale of its 22 percent interest to Rockhopper Exploration.
Senex, GLNG Ink Deals to Develop Queensland's Western Surat Gas Project
Friday, September 25, 2015 Senex Energy inks agreements with GLNG to develop the Western Surat Gas Project in Queensland, Australia.
Ichthys LNG Project Launches CPP at SHI's Geoje Yard in South Korea
Friday, September 25, 2015 The Inpex-operated Ichthys LNG Project launches its central processing platform - the world's largest semisubmersible - at Samsung Heavy Industries shipyard in Geoje, South Korea.
Oslo Court Rules in Favour of Norway in $1.8B Gas Pipeline Row
Friday, September 25, 2015 An Oslo court rules in favor of Norway in a lawsuit involving a group of international investors who argued that the country's decision to cut gas pipeline tariffs would cost them $1.8 billion in lost earnings.
Statoil Cuts Capex for Johan Sverdrup Development
Friday, September 25, 2015 Statoil cuts the Phase One costs of developing one of Norway's biggest oilfield projects.
Range On Track for 1,000 Bopd in Trinidad by End 2015
Thursday, September 24, 2015 Range Resources is on track to achieve its previously announced production target of 1,000 barrels of oil per day in Trinidad by the end of 2015.
Santos: GLNG Project Produces First LNG
Thursday, September 24, 2015 The GLNG project produces its first LNG on Curtis Island, Australia, on schedule and within budget.
FinMin: Russian Oil Firms Should Revise Investment Plans amid Low Oil Price
Wednesday, September 23, 2015 Russia's oil companies should revise their investment policies to align themselves with low oil prices, says the country's finance minister.
Woodside to Work with Accenture on Predictive Analytics for LNG Ops
Wednesday, September 23, 2015 Woodside extends links with Accenture to implement predictive analytics for LNG operations in Australia.
Premier Reports Production Ahead of Guidance
Wednesday, September 23, 2015 Premier oil reports that its production has remained ahead of guidance for 2015, and that it expects first oil from its Solan field during the fourth quarter.
Australia's EOR Acquires CEP, Gets Stake in East Kalimantan's Wailawi Field
Wednesday, September 23, 2015 Australia's Enhanced Oil & Gas Recovery acquires 100 percent stake in Centre Energy Petroleum, giving it an interest in Wailawi oil and gas field in East Kalimantan, Indonesia.
Shutdown at North Sea Buzzard Oilfield Likely to be Moved to November
Wednesday, September 23, 2015 A planned shutdown of the UK North Sea's Buzzard oilfield is likely to be rescheduled to November from October, according to an industry source.
Indonesia Doesn't Expect Inpex Gas Project to Start Production Until 2024
Wednesday, September 23, 2015 Indonesia expects the Masela Abadi natural gas project currently being developed by Japan's Inpex and Shell, to commence commercial production in 2024, an official at the oil and gas regulator says, two years behind an earlier target.
Faroe Petroleum: Operating Profit, Production Increase
Tuesday, September 22, 2015 Faroe Petroleum increases production and turns operating loss to operating profit in the first half of 2015.
Comet Ridge Report on Progress at Queensland's ATP 337P Mahalo Project
Tuesday, September 22, 2015 Comet Ridge reports on the progress made at the ATP 337P Mahalo Project in Queensland, Australia.
'Blood & Oil' Gives North Dakota Oilfields Soap Opera Treatment
Tuesday, September 22, 2015 ABC's new "Blood & Oil" TV series explores the lust for money and opportunity that defined the people who built the state of Dakota into an energy giant to rival OPEC members.
Russia Dep FinMin: Oil Tax Changes to be Discussed with Putin on Tues
Tuesday, September 22, 2015 Russian deputy finance minister says that the question of changing taxation of the oil sector would be discussed with President Putin later on Tuesday.
Statoil Awards Wood Group Contracts for Brazil's Offshore Peregrino Project
Tuesday, September 22, 2015 Statoil awards operations, maintenance and modification services contracts to Wood Group for the Peregrino project in the Campos Basin, offshore Brazil.
Transerv Encounters Gas Shows at Warro-5ST Well in WA's Warro Field
Tuesday, September 22, 2015 Transerv Energy encounters gas shows at Warro-5ST well in the Warro field in Western Australia.
Saudi Arabia's Crude Stockpiles at Record High as Exports Fall
Monday, September 21, 2015 Saudi Arabia's crude stockpiles rises to a record in July after exports by the world’s biggest oil shipper declined for the third time in four months.
Statoil CEO Aims to Uphold Norway Output Level Until 2030
Monday, September 21, 2015 Statoil aims to uphold its output from the Norwegian continental shelf at current levels until 2030.
Pertamina Finalizing Plans to Acquire Blocks B, NSO in Indonesia
Monday, September 21, 2015 Pertamina is finalizing plans to acquire ExxonMobil's Blocks B and North Sumatra Offshore in Indonesia.
InterOil Conducts Successful Flow Test at Triceratops-3 Well in PNG
Monday, September 21, 2015 InterOil says the Triceratops-3 appraisal well in Petroleum Retention License 39 in Papua New Guinea successfully flowed gas and condensate.
Azerbaijan 2016 Oil, Gas Production To Be Steady Around 2015 Levels
Monday, September 21, 2015 Azerbaijan expects to produce 40 million tonnes of oil and 30 billion cubic metres of gas in 2016, a senior official at SOCAR says.
|Brent Crude Oil :||$47.69/BBL||1.40%|
|Light Crude Oil :||$44.74/BBL||0.77%|
|Natural Gas :||$2.43/MMBtu||3.57%|
|Updated in last 24 hours|