Results36 articles shown
Tullow Oil Cuts Deeper As Banks Agree To Amend Loan Terms
Thursday, April 28, 2016 Tullow Oil reduces its annual capital expenditure budget by another $100 million to $1 billion and may cut spending further as it adjusts its balance sheet to weak oil prices.
LGO Boosts Production at Goudron Field in Trinidad
Wednesday, April 27, 2016 Production starts from a new interval in well GY-671 on the Goudron field in Trinidad.
As Glut Persists, Saudis And Kuwait Struggle To Restart Khafji Oilfield
Tuesday, April 26, 2016 Kuwait and Saudi Arabia appear no closer to restarting their jointly operated Khafji oilfield, despite Kuwait saying the sides had agreed to ramp up output after an 18-month shutdown.
Eland Boosts Production at Nigerian Opuama-3 Well
Tuesday, April 26, 2016 Eland Oil & Gas plc completes re-entry works and boosts production at the Opuama-3 well in Nigeria.
Uganda Confirms Tanzania Oil Export Pipeline
Monday, April 25, 2016 Uganda confirms at a summit in Kampala that it will build a pipeline from Uganda to Tanzania to export its oil, rather than Kenya.
CNOOC Commences Production from Panyu 11-5 in South China Sea
Monday, April 25, 2016 CNOOC Limited commences production from the Panyu 11-5 oilfield, located in the Pearl River Mouth Basin of the South China Sea.
ExxonMobil Starts Production at North Slope Project
Friday, April 22, 2016 ExxonMobil says it has started production at its Point Thomson project, the first company-operated project on Alaska's North Slope.
Kazakhstan's Kashagan Oil Project to be Launched in June 2017
Thursday, April 21, 2016 Kazakhstan's oil Kashagan project will likely be launched in June 2017, according to Wang Zhongcai, the first vice president of China National Petroleum Corp.
LGO Energy Commences Production Increase Operations at Goudron, Trinidad
Wednesday, April 20, 2016 LGO Energy plc begins work to increase oil production at its Goudron Field in Trinidad, following approval to perforate well GY-671.
Russia's Gazprom Neft to Delay Novoportovskoye Oilfield Launch
Tuesday, April 19, 2016 Russian oil producer Gazprom Neft will delay the start of commercial production at its key Novoportovskoye oilfield by around six months.
Kimmeridge Limestone Projects Could Generate up to 5,600 jobs in the UK
Monday, April 18, 2016 Future Kimmeridge Limestone oil production projects over the UK's Weald Basin could generate between approximately 1,000 to 5,600 jobs, says a report from advisory services firm EY.
Eni Focused on Starting up its Egypt Gas Field Zohr by End-2017
Friday, April 15, 2016 Eni confirms its intention to start production at the giant offshore Zohr gas field in Egypt by end-2017.
Lekoil Flows Oil from 2 Upper Zones at Nigeria's Otakikpo-002 Well
Wednesday, April 13, 2016 The Otakikpo-002 well, located in Nigeria's Otakikpo Marginal Field, flows oil from 2 upper zones during 2 production tests.
Premier Oil: First Oil Achieved from Solan, Offshore UK
Wednesday, April 13, 2016 Premier Oil plc reveals that first oil has been safely achieved from the Solan field, located offshore UK.
Oilex Commences Gas Production from Bhandut Field in Gujarat, India
Friday, April 08, 2016 Oilex commences gas production from Bhandut field in Gujarat, India.
San Leon: Rawicz-15 Flows Gas in Excess of 3.6 MMcf
Friday, April 08, 2016 San Leon Energy plc reveals that the Rawicz-15 development well in Poland's southern Permian Basin has flowed gas at an average rate in excess of 3.6 million cubic feet per day.
First Steel Cut for Maersk Oil's Culzean Gas Project
Thursday, April 07, 2016 The fabrication of the topsides for the $4.5 billion Maersk Oil-operated UK North Sea Culzean project has begun.
Aminex: First Gas Production from Kiliwani North Field in Tanzania
Wednesday, April 06, 2016 First gas production is achieved from the Kiliwani North gas field in Tanzania.
OMV: Wisting Central II Achieves 5,000 Bopd Flow Rate
Wednesday, April 06, 2016 The Wisting Central II horizontal appraisal well in the Barents Sea achieves flow rates of over 5,000 barrels of oil equivalent per day.
Norway To Ramp Up Gas Production Capacity, Eyes Arctic Pipeline
Tuesday, April 05, 2016 Norway plans to increase its gas production capacity and is evaluating the potential for building a pipeline from the Barents Sea to meet future demand in Europe.
GPK: Shewashan-2 to Begin Producing by Year-End
Tuesday, April 05, 2016 The Shewashan-2 development well will contribute to the 10,000 bopd Phase 1 production target of the Shewashan oil field in the Kurdistan Region of Iraq by the end of 2016.
BP Confirms Subsea Tree Arrival for Trinidad Juniper Project
Friday, April 01, 2016 BP Trinidad and Tobago LLC confirms that all five subsea trees required for the Juniper project have arrived in Trinidad and Tobago.
IEA Chief: Iran Can Add 500,000 Bpd Oil Supply In A Year
Wednesday, March 30, 2016 Iran is expected to add half a million barrels of oil supply a day within a year from its existing oilfields after the lifting of sanctions against Tehran in January.
Kuwait Says Agrees with Saudi to Restart Khafji Oilfield
Tuesday, March 29, 2016 Kuwait agrees with neighbour Saudi Arabia to resume oil production at the jointly operated Khafji field.
Transerv Energy: WA Warro-4 Well to be Re-Tested in April
Tuesday, March 22, 2016 Transerv Energy announces that the Warro-4 well in Western Australia will be re-tested in the second half of April.
'Game-Changing' Horse Hill-1 Well Produces 'North Sea-like' Oil Flows
Monday, March 21, 2016 The Horse Hill-1 well onshore the UK's Weald Basin produces a total aggregate stable dry oil flow rate of 1,688 barrels per day.
DNO 'Pressing on the Accelerator' in 2016
Friday, March 18, 2016 DNO says that its foot is "coming off the brake and pressing on the accelerator" in 2016, after implementing a range of cuts last year.
Major Production Projects Start Up Around The World
Friday, March 18, 2016 Oil and gas production projects get underway in Europe, Asia, the Middle East and Africa.
Aminex, Solo Target Kiliwani North-1 Production in April
Tuesday, March 15, 2016 The Kiliwani North-1 well in Tanzania is scheduled to commence production in early April, following the completion of integrity tests at the site.
Eni Starts Production at Goliat Field
Monday, March 14, 2016 Eni starts production from the Goliat field, located within Production License 229 in the Barents Sea offshore Norway.
Sound Produces 24 MMcf of Gas at Nervesa
Monday, March 14, 2016 Sound Energy produces 24.6 million cubic feet of gas at the Nervesa well in Italy since achieving first gas on February 3.
Russia Says Iran Has Right To Increase Oil Output
Monday, March 14, 2016 Russia accepts Iranian demands to regain pre-sanctions oil output levels before discussing production freeze, according to Iranian news agency Shana.
Eni Flows Gas at Zohr, Offshore Egypt
Thursday, March 10, 2016 Well Zohr 2X on the Zohr field, located in the Shorouk block offshore Egypt, delivers up to 44 million standard cubic feet of gas per day during production tests.
Russia's Novatek to Launch 1st Yamal LNG Train with No Additional Financing
Thursday, March 10, 2016 Russia's Novatek plans to launch its first Yamal LNG train in 2017, requiring no additional financing, according to an executive.
Senegal SNE-3 Well Flows Thousands of Barrels of Oil
Wednesday, March 09, 2016 Cairn Energy reveals that the SNE-3 appraisal well offshore Senegal has flowed thousands of barrels of oil as a result of two drill stem tests within its upper reservoirs.
Chevron Commences Production at Australia's $54B Gorgon LNG Project
Tuesday, March 08, 2016 Chevron commences first liquefied natural gas production at the $54 billion Gorgon Project on Barrow Island, off Western Australia.
|Brent Crude Oil :||$46.75/BBL||2.80%|
|Light Crude Oil :||$43.65/BBL||2.52%|
|Natural Gas :||$2.08/MMBtu||1.96%|
|Updated in last 24 hours|