Results42 articles shown
McDermott Bags EPCI Contract for 4 Wellhead Jackets from Qatar Petroleum
Friday, October 09, 2015 McDermott bags a brownfield project from Qatar Petroleum for the engineering, procurement, construction and installation of four wellhead jackets offshore Qatar.
Lundin Petroleum Sells Indonesian Upstream Assets to Medco for $22M
Friday, October 09, 2015 Lundin Petroleum sells its upstream assets in Indonesia to PT Medco Energi Internasional for $22 million.
Shell Asks Shippers Exporting Nigerian Oil to Sign Guarantee
Friday, October 09, 2015 Royal Dutch Shell asks shop owners exporting its Nigerian oil to sign a 'letter of comfort' to guarantee it is not stolen, according to a company email.
Norwegian Budget Will Result in No Change to Oil, Gas Firms' Tax Burden
Friday, October 09, 2015 Norwegian tax adjustments will result in no change to the overall tax burden on oil and gas companies, according to analysts.
Tullow Reaches Onal Agreement with Gabon Government
Thursday, October 08, 2015 Tullow Oil plc reaches an agreement with the Government of Gabon to regain its 7.5% stake in the Onal Complex producing fields and the Ezanga block (formerly the Omoueyi exploration block).
Mosman Proceeds with Acquisition of South Taranaki Energy Project in NZ
Thursday, October 08, 2015 Mosman Oil and Gas proceeds with the formal acquisition of the South Taranaki Energy Project in New Zealand from Origin Energy.
China Triples Proven Reserves at Top Shale Gas Project
Thursday, October 08, 2015 China has nearly tripled the size of proven reserves at its Fuling project, by far the country's largest shale gas find, according to an official from investor Sinopec and an industry report.
Resource Estimates Point to Significant Find at Lofin Field in Indonesia
Thursday, October 08, 2015 Lion Energy says the contingent resource estimates confirm a significant gas/condensate find in the Seram Non-Bula Production Sharing Contract in eastern Indonesia.
East Kalimantan Govt Formally Takes a 10% Stake in Offshore Mahakam Block
Wednesday, October 07, 2015 Indonesia formally hands over a 10 percent stake in the offshore Mahakam Block to East Kalimantan Governor, with the interest to take effect in January 2018.
AWE Commences Flow Testing Program for Waitsia-1 Well in Perth Basin
Wednesday, October 07, 2015 AWE commences flow testing program for the Waitsia-1 well to further appraise the Waitsia gas discovery in the onshore Perth Basin, Western Australia.
Budget: Norway's Aasta Hansteen Gas Field to Delay Start-up to 2018
Wednesday, October 07, 2015 Production from the Statoil-operated Aasta Hansteen gas field offshore Norway could start in 2018, later than previously planned, according to the Norway's Oil and Energy Ministry.
Russia's Gazprom May Delay Launch of TurkStream 1st Line until End-2017
Wednesday, October 07, 2015 Russian energy giant Gazprom may delay the launch of the first line of its TurkStream gas pipeline project until the end of 2017.
Senex to Bring Spitfire-7 Well in SA's Cooper Basin Online in November
Wednesday, October 07, 2015 Senex Energy plans to bring the Spitfire-7 well in PPL 258 in South Australia's Cooper Basin online in November.
Official: UAE's Shah Gas Project Hits Full Output Capacity
Tuesday, October 06, 2015 The United Arab Emirates' Shah gas project has reached its full production capacity, according to the chief executive of Al Hosn Gas.
TPDC to Acquire 5% Stake in Kilwani North Development License in Tanzania
Tuesday, October 06, 2015 Tanzania Petroleum Development Corp. plans to acquire a five percent stake in the Kilwani North Development License in Tanzania.
First Gas Flows From New Offshore Platform at Philippines' Malampaya Field
Tuesday, October 06, 2015 Gas production commences at a new offshore platform in the Malampaya field off the coast of Palawan Island in the Philippines.
Independent Resources, Nostra Terra to Acquire Producing Egyptian Asset
Tuesday, October 06, 2015 Independent Resources and Nostra Terra Oil & Gas Company reach an agreement with TransGlobe Energy Corporation to acquire a 50% non-company operated interest in the East Ghazalat concession in Egypt.
Official: Libya's Oil Output Down To 300,000 Bpd
Monday, October 05, 2015 Libya's oil production has dropped to 300,000 barrels per day, mostly because of insecurity and closed pipelines, a top official said.
Ramba Sells 35% Stake in Lemang PSC in Sumatra to Mandala for Up to $179.6M
Monday, October 05, 2015 Ramba Energy sells 35 percent stake in Lemang Production Sharing Contract in Sumatra, Indonesia to KKR-backed Mandala Energy for up to $179.6 million.
Shell Starts Production at Bonga Phase 3 Offshore Nigeria
Monday, October 05, 2015 Shell Nigerian Exploration and Production Company starts production at the Bonga Phase 3 project offshore Nigeria.
San Leon Energy: Rawicz-15 to Spud in November
Monday, October 05, 2015 San Leon Energy announces that the Rawicz-15 development well, located on the Rawicz field in Poland, will spud during November 2015.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
|Brent Crude Oil :||$53.05/BBL||3.35%|
|Light Crude Oil :||$49.43/BBL||3.38%|
|Natural Gas :||$2.5/MMBtu||1.21%|
|Updated in last 24 hours|