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Inpex, ADNOC Agree to Extend Offshore Abu Dhabi Joint Development Project
Monday, January 16, 2017 Inpex Corporation agrees with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi in the United Arab Emirates.

Saudi Pledges Adherence to Oil Cut, Confident Others Will
Monday, January 16, 2017 Saudi Arabia will adhere strictly to its commitment to cut output, its energy minister says.

Russian Oil Output Averaged 11.1 MM Bpd From Jan. 1-15
Monday, January 16, 2017 Russian oil and gas condensate production averaged 11.1 million barrels per day (bpd) from Jan. 1-15.

Petrovietnam, Exxon Mobil Sign Deal On Gas Generation
Friday, January 13, 2017 PetroVietnam signs an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp to develop the country's biggest gas project for power generation.

Despite Saudi Signals, OPEC Unlikely To Deliver All Promised Oil Cuts
Friday, January 13, 2017 OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say.


CNOOC Starts Penglai 19-9 Output
Friday, January 13, 2017 CNOOC Limited reveals that Penglai 19-9 comprehensive adjustment project, located in the Bohai Sea, has commenced production.

Russia's Novatek Says Gas Output Down 2.7% In 2016
Friday, January 13, 2017 Russia's No.2 natural gas producer Novatek says its gas output declined by 2.7% in 2016, while gas condensate and oil production jumped by almost 37% as it commissioned new fields.

Saudi Energy Minister Says Output Below 10 MMBpd, Cut Will Deepen
Thursday, January 12, 2017 Saudi Arabia has cut its oil production to slightly below 10 million barrels per day and plans a deeper cut in February under an agreement among global producers to reduce output.

Southern Iraq Gas Output Reaches 700MM Cubic Feet Per Day
Thursday, January 12, 2017 Gas production in southern Iraq has reached 700 million cubic feet per day, and is expected to reach 1 billion cubic feet per day by the end of the year.

Ithaca Energy: Stella Production Start-up Delayed
Thursday, January 12, 2017 Ithaca Energy Inc. reveals that the start-up of the Stella field, located in the central North Sea, has been pushed back to February.

Total UK Production Increases 2.1% on Growing Oil, Gas Output
Wednesday, January 11, 2017 The monthly estimate of total UK production increased by 2.1% in November 2016, mainly due to an increase in oil and gas output, according to figures from the Office for National Statistics.

Total's Uganda Expansion 'Significantly De-risks' Project Sanction
Tuesday, January 10, 2017 Total's decision to increase its stake in Uganda's Lake Albert oil development significantly de-risks the project's sanctioning, analysts at investment bank Jefferies said.

Iraq Cuts Oil Production By 160,000 Bpd Under OPEC Deal
Tuesday, January 10, 2017 Iraq has cut oil production by 160,000 barrels per day (bpd) since the beginning of January in line with an OPEC decision to lower output.

Australia Bows To East Timor To Kill Controversial Gas Field Treaty
Monday, January 09, 2017 Australia agrees to let East Timor terminate an oil revenue treaty between the 2 neighbours, a key step towards ending a maritime border dispute.

Russia Cuts Oil Output By 100,000 Bpd In Early Jan
Monday, January 09, 2017 Russia cut its oil production in early January by around 100,000 barrels per day (bpd) from the previous month after an agreement with OPEC to cap global crude output.

Saudis, Russia To Diverge On Speed Of Oil Output Cuts
Friday, January 06, 2017 Reuters market analyst John Kemp gives his views on the effects OPEC and non-OPEC member output cuts.

China Extends Tax Waivers For Oil, Gas Drilling Equipment
Friday, January 06, 2017 China removes a tariff imposed on drilling equipment used in 20 oil and natural gas prospecting fields in western China in a move to boost oil production.

Iraq Begins Reducing Oil Output In Keeping With OPEC Decision
Thursday, January 05, 2017 Iraq begins implementing measures to reduce national oil output, keeping with an OPEC decision.

Samsung Wins Mad Dog 2 Fabrication Contract
Thursday, January 05, 2017 Samsung wins contract for BP's Mad Dog 2 platform engineering and procurement work.

Valhall, Hod Assets Offshore Norway Produce 1B Barrels
Thursday, January 05, 2017 The Valhall and Hod assets, located in the Norwegian sector of the North Sea, have produced over 1 billion barrels of oil equivalents, according to a statement from Aker BP.

NNPC Awards 39 Companies Crude Oil Term Contracts for 2017
Wednesday, January 04, 2017 The Nigerian National Petroleum Corporation (NNPC) has awarded 39 companies crude oil term contracts for the 2017 period.

Japan's Inpex In Running To Develop Major Iran Oilfield
Wednesday, January 04, 2017 Inpex Corp is in the running to develop a major oilfield in Iran, Kyodo News reported on Wednesday, as Tehran looks to aggressively ramp up crude output following the lifting of sanctions.


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