Results 36 articles shown
US to Drive Oil Supply Growth to 2024
Monday, March 11, 2019 The United States will drive global oil supply growth over the next 5 years, according to the IEA.
OPEC Output Slides Again
Friday, March 01, 2019 OPEC's crude production slumped again last month as the cartel implemented planned cutbacks in full and some members were hit by U.S. sanctions.
Exxon Boosts Reserves by 4.5B Barrels
Wednesday, February 27, 2019 Exxon Mobil Corporation added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year's production.
OPEC Chief Urges Producers to Meet Cut Pledges
Wednesday, February 13, 2019 OPEC's top official urged countries in the group and its allies to follow through on their pledges to cut oil production and keep global markets balanced.
GOM Subsea Contract Goes to McDermott
Monday, January 28, 2019 Stonefly to tie back to Ram Powell tension leg platform.
US Oil and Gas Production to Outpace Russia and Saudi Arabia by 2025
Friday, January 25, 2019 Recent analysis by Rystad Energy forecasts the US to exceed Russia and Saudi Arabia's combined liquid production in six years.
GOM P&A Work Goes to Helix
Wednesday, January 23, 2019 The work will occur at operating depths associated with the Droshky Prospect, Helix stated.
GOM Subsea Contract Goes to TechnipFMC
Wednesday, January 09, 2019 BP and BHP's deepwater Atlantis field is located approximately 150 miles south of New Orleans.
BP Okays $1.3B Expansion in Gulf of Mexico
Tuesday, January 08, 2019 The supermajor has given the greenlight to the Atlantis Phase 3 development, which is expected to boost production by 38,000 boepd.
OPEC Output Falls Most in Almost 2 Years
Wednesday, January 02, 2019 Before its agreement to cut oil supplies even started, OPEC's production plunged by the most in almost two years last month.
OPEC Expected to Cut Oil Output
Wednesday, November 28, 2018 OPEC and its allies will announce production cuts to check a slump in oil prices when they meet next week, according to a Bloomberg survey.
Big Foot Up and Running
Thursday, November 22, 2018 Chevron's operated Big Foot deepwater project starts crude oil and natural gas production.
Offshore Mexico Contract Goes to McDermott
Thursday, November 15, 2018 A McDermott-BHGE joint venture will perform concept and engineering services for the Zama field development project.
OPEC+ Said to Weigh Bigger Production Cut
Thursday, November 15, 2018 OPEC+ is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter.
NOPEC to Take Gloves Off, Production Cuts In 2019?
Wednesday, November 14, 2018 OPEC, in cooperation with Russia, are currently discussing the option to put another production cut in place.
Saudis See Need for Producers to Cut 1MM Barrels
Monday, November 12, 2018 Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.
Welcome to a Renter's World
Friday, November 09, 2018 One trend that emerged from the latest downturn this looks set to last: the traditional customer's conversion to a leasing model.
OPEC Could Cut Production in 2019
Thursday, October 25, 2018 OPEC signaled it could cut output in 2019 due to concerns about rising oil inventories and economic uncertainty.
OPEC in Maximum Production Mode
Tuesday, October 23, 2018 Saudi Arabia says OPEC and allies are in a 'produce as much as you can mode'.
BP Thunder Horse Expansion in Gulf of Mexico Starts Early
Thursday, October 18, 2018 BP starts up its Thunder Horse Northwest Expansion in deepwater Gulf of Mexico months ahead of schedule.
Offshore Mexico FPSO Contract Goes to Modec
Friday, October 12, 2018 Eni Mexico to deploy the FPSO in Offshore Area 1
IEA Urges OPEC to Open Taps as Oil Markets Enter 'Red Zone'
Tuesday, October 09, 2018 The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output.
OPEC Output Edges Higher
Tuesday, October 02, 2018 OPEC production rose last month as deepening losses in Iran due to looming US sanctions were countered by other members.
Oceaneering Sees Reason for More Offshore Confidence
Monday, September 10, 2018 Oceaneering and Subsea 7 will supply an umbilical and flying leads for Shell's deepwater Vito development.
OPEC's Barkindo: Oil Demand To Hit 100 MMbpd Sooner Than Projected
Wednesday, September 05, 2018 World oil consumption will reach 100 million barrels per day later this year, hitting that level much sooner than previously forecast, OPEC's Barkindo says.
US Energy Operations Begin Recovering After Tropical Storm Gordon
Wednesday, September 05, 2018 Energy companies and port operators along the US Gulf Coast took steps to resume operations after Tropical Storm Gordon.
Reuters Survey: OPEC August Oil Output Hits 2018 High Despite Iran Losses
Friday, August 31, 2018 OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found.
OPEC+ Committee: Oil Producers Cut July Output By 9% More Than Agreed
Monday, August 27, 2018 An OPEC and non-OPEC monitoring committee found that oil producers participating in a supply-reduction agreement cut output in July by 9% more than called for in their pact, sources say.
Shell's Appomattox FPS Reaches Offshore Louisiana Destination
Wednesday, August 22, 2018 Shell's Appomattox has made the journey to its GOM installation site. SOURCE: Crowley Maritime Corp.
Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Monday, August 13, 2018 OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.
OPEC Oil Output Climbs as Saudi Arabia Pumps Near Record
Thursday, August 02, 2018 OPEC's crude output increased last month as Saudi Arabia pumped near-record volumes.
Reuters Survey: OPEC July Oil Output Hits 2018 Peak, But Outages Weigh
Monday, July 30, 2018 OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found.
Saudi Aramco CEO Says Has 2 Million Barrels Per Day Of Spare Capacity
Monday, June 25, 2018 Oil giant Saudi Aramco says it has a spare capacity of 2 million barrels per day and can meet additional oil demand in case of any interruption in supplies.
Sources: US Asks OPEC Producers To Pump More Oil, No Specific Figure
Tuesday, June 05, 2018 The US government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.
Shell Starts Up 'Most Competitive' GOM Subsea Project Early
Thursday, May 31, 2018 According to Shell, the start-up occurred approximately one year ahead of schedule.
OPEC's Reason for Sticking With Cuts Rests on Shaky Ground
Wednesday, May 02, 2018 OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target.