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Iran Has Potential To Increase Oil Production By 3 MMbpd
Monday, May 22, 2017 Iran has the potential to increase oil production by 3 million barrels per day, according to an Iranian oil official.

BP Brings Quad 204 Project Online
Monday, May 22, 2017 BP plc announces the commencement of first oil from the redeveloped Schiehallion Area, following the completion of the Quad 204 project in the west of Shetland region, offshore UK.

OPEC Panel Looking At Deepening, Extending Oil Cuts
Friday, May 19, 2017 An OPEC panel reviewing scenarios for the oil producer group's meeting next week is looking at the option of deepening and extending a deal to reduce crude output.

Norwegian Production Drops Month-on-Month
Friday, May 19, 2017 Production on the Norwegian Continental Shelf decline month-on-month in April, according to preliminary figures from the Norwegian Petroleum Directorate.

Russia's Gazprom Says May Raise 2017 Gas Output Forecast
Friday, May 19, 2017 Russian gas giant Gazprom says it may increase its gas production forecast due to robust demand.


Cairn Flows Oil From SNE-6 Well, 'Very Encouraging' Say Analysts
Thursday, May 18, 2017 Cairn Energy plc flows oil from the SNE-6 well offshore Senegal, in a development which was described as "very encouraging" by oil and gas analysts at GMP FirstEnergy.

Sound Energy Progresses Onshore Morocco Development Program
Wednesday, May 17, 2017 A rig arrives at Sound's Sidi Moktar asset, onshore Morocco, ahead of the re-entry and testing of the Lower and Middle Jurassic in two existing wells (Koba-1 and Kamar-1) on the Kechoula discovery.

Global Oil Market Rebalancing Speeds Up, Belied By Inventories
Tuesday, May 16, 2017 The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up.

Brent Bravo Platform Decommissioned, Will Run on Minimum Manning Mode
Tuesday, May 16, 2017 Wood Group will modify Shell's Brent Bravo platform in the North Sea to operate on minimum manning mode, following a decommissioning contract win.

Eni Starts Production from Jangkrik Development Project
Monday, May 15, 2017 Eni starts gas production from the Jangkrik Development Project, located in deepwater offshore Indonesia, ahead of schedule.

Colombia's Ecopetrol Output Falls at Big Oil Field amid Protests
Monday, May 15, 2017 Colombia's state oil company Ecopetrol said it reduced output in one of its key production areas due to protests by residents who reject changes to the company's hiring policy for local labor.

Chevron Shuts First Gorgon LNG Export Plant Unit For Around A Month
Monday, May 15, 2017 Chevron Corp has shut the first production line at its giant Gorgon liquefied natural gas (LNG) export plant in Australia and expects the outage to last about a month.

Wooing Investors After Elliott, BHP Boss To Play Up Shale
Friday, May 12, 2017 BHP Billiton Chief Executive Andrew Mackenzie will tell investors in Barcelona next week that the top global miner can pump more for less out of its unloved shale assets.

Total, Inpex Propose Taking 39% Stake In Indonesia's Mahakam Block
Friday, May 12, 2017 Total E&P Indonesie, a unit of French major Total, and Japan's Inpex Corp propose taking a 39% stake in the new production sharing contract (PSC) for the Mahakam block.

Romania To Start Gas Production At New Caragele Field In 2019
Friday, May 12, 2017 Romgaz will start production in 2019 at a newly discovered gas field, its biggest find in three decades, the government says.


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