Production News


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110MM Barrel North Sea Field Comes Online
Monday, October 15, 2018 The North Sea Oseberg Vestflanken 2 field came online on October 14.

Offshore Mexico FPSO Contract Goes to Modec
Friday, October 12, 2018 Eni Mexico to deploy the FPSO in Offshore Area 1

Offshore Australia Contract Goes to KBR
Thursday, October 11, 2018 KBR has won an engineering contract for the two gas FPSO facilities for the proposed Browse to North West Shelf Development.

FID Taken on UK North Sea Field
Wednesday, October 10, 2018 A final investment decision has been made to develop the UK central North Sea Arran field.

BP and ENI Team Up for Libya EPSA Restart
Tuesday, October 09, 2018 Libya's NOC, BP and Eni sign an agreement expected to lead to BP and Eni working together to resume exploration activities on a major exploration and production contract.

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.

Analysts Bearish on UK Shale Prospects
Monday, October 08, 2018 Analysts at Fitch Solutions Macro Research remain 'widely bearish' on the prospects of UK shale gas.

Cuadrilla to Start Fracking in Lancashire
Friday, October 05, 2018 Cuadrilla expects to start hydraulically fracturing the shale rock around the first of its two horizontal shale gas exploration wells at its UK Preston New Road site in the next week.




Saudi Crown Prince to Trump: We've Replaced All Iran's Lost Oil
Friday, October 05, 2018 Saudi Arabia's crown prince, facing US pressure to tame surging oil prices, insisted that the kingdom is fulfilling promises.

Norwegian Sea Gift Keeps on Giving
Friday, October 05, 2018 In production since 1997, the Equinor-operated Norne oil field in the Norwegian Sea just got a major boost in its recoverable reserves estimate.

Saudis and Russia Open the Oil Taps While the Market Shrugs
Wednesday, October 03, 2018 After their September meeting, the world's two largest oil exporters sought to send a clearer signal to ease the price worries of consumers, and the US president.

Senegal SNE Field on Track for First Oil
Tuesday, October 02, 2018 Senegal's deepwater SNE field is on track for first oil in 2022, Fitch Solutions Macro Research states in a new report.

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.

YPF Is Said to Shut Gas Wells as Argentine Economy Flops
Tuesday, October 02, 2018 YPF is closing the tap on some of its natural gas wells as the nation's second recession in three years curbs demand, according to sources.

PDO for $1.2B Nova Project Gets Green Light
Monday, October 01, 2018 Wintershall Norge reveals that the plan for development and operation for the Nova project has been approved by Norway's Ministry of Petroleum and Energy.

BP Gets Green Light for North Sea Project
Thursday, September 27, 2018 BP receives approval from the UK's Oil and Gas Authority to proceed with the Vorlich development in the central North Sea.

Frac Sand Market Faces Supply Chain Disruption
Tuesday, September 25, 2018 The US frac sand market could approach $6 billion by 2023. SOURCE: Black Mountain Sand

Uganda Expects to Miss Target for First Oil
Monday, September 24, 2018 Uganda said it expects to miss its 2020 target for the East African nation's first crude production.

Strong Growth in Short Term Egypt Gas Production Expected
Thursday, September 20, 2018 Fitch Solutions Macro Research expects 'strong growth' in gas production in Egypt in the short term, a new report by the company has revealed.

Russia Oil Output Is Said to Hit New Highs Before OPEC Talks
Thursday, September 20, 2018 Russia's crude production has jumped to a new post-Soviet record, boosting the nation's budget revenue as it prepares for talks with OPEC+ on further cooperation, according to a government official.

First Oil Production Begins at Tortue Field
Wednesday, September 19, 2018 Panoro Energy announces that first oil production has started from the Tortue field, which is located within the Dussafu PSC offshore Gabon.

CNOOC Starts Up Penglai 19-3 Comprehensive Adjustment Project
Tuesday, September 18, 2018 CNOOC Limited announces that the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project has commenced production.

Gazprom Neft Joins Forces with CNPC to Develop EOR Tech
Thursday, September 13, 2018 Gazprom Neft announces that it has joined forces with China National Petroleum Corporation to develop enhanced oil recovery technologies.

Lancaster EPS Subsea Installation Completed
Thursday, September 13, 2018 Hurricane Energy says the installation of subsea umbilical, risers and flowlines for the Lancaster Early Production System has been 'successfully completed'.

EIA: US Likely Became Biggest Oil Producer Earlier This Year
Wednesday, September 12, 2018 US likely overtook Russia and Saudi Arabia in terms of oil output to become the world's biggest producer earlier this year.

West of Shetland Touted as Place to be for UK Growth
Tuesday, September 11, 2018 For UK growth, the West of Shetland is the place to be, according to a new report by Wood Mackenzie.

Neptune Field in Russia Sees 1.6-Fold Reserves Increase
Tuesday, September 11, 2018 Russia's Federal Agency for Mineral Resources has confirmed hydrocarbon reserves at Gazprom Neft's Neptune field at 415.8 million tons of oil, the company announces Tuesday.

EIA Cuts Forecast For 2019 US Crude Production Growth
Tuesday, September 11, 2018 US crude oil production in 2019 is expected to grow at a slower rate than previously forecast.

Zohr Field Now Producing 2 Bcf Per Day
Monday, September 10, 2018 Eni announces that the Zohr field offshore Egypt is now producing 2 billion cubic feet per day.

Gulf Keystone To Resume Spending To Boost Shaikan Oil Output
Monday, September 10, 2018 Gulf Keystone Petroleum is resuming spending on the Shaikan oilfield in the Iraqi region of Kurdistan.

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.

Lukoil Taps SNC-Lavalin for Iraq Contract
Thursday, September 06, 2018 West Qurna Phase 2 comprises three main phases: two for the Misrif formation and one for the Yamama formation.

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.

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.

ExxonMobil Says Blockade Threatens Production At Nigeria Oil Facilities
Tuesday, September 04, 2018 ExxonMobil says that a blockade by former employees threatens crude production at oil facilities in Nigeria.

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.

EIA: US Crude Production Rises To Record As Drilling Climbs In Texas
Friday, August 31, 2018 US crude oil production rose 2 percent to a record 10.674 million bpd in June, the US Energy Information Administration says.

Texas' Oil Output Drops In June For First Time Since Feb. 2017
Thursday, August 30, 2018 Texas oil production fell in June from a year earlier for the first time in 16 months.

Wintershall's Libya Oil Output Sharply Lower At 10,000 Bpd
Tuesday, August 28, 2018 Energy company Wintershall is producing less than 10,000 bpd in Libya compared with 60,000 bpd earlier this year, a senior executive says.

Truck Explosion At Glencore Oilfield In Chad Injures 3 And Halts Production
Tuesday, August 28, 2018 A truck caught fire and exploded on Sunday at Glencore's Mangara oilfield in Chad.

Equinor, Partners to Develop Next Phase of Johan Sverdrup
Monday, August 27, 2018 Equinor and partners submit the development plan for the second phase of the Johan Sverdrup project.

South Sudan Resumes Pumping 20,000 Bpd From Oilfield Suspended Since 2013
Monday, August 27, 2018 South Sudan has resumed pumping 20,000 barrels per day (bpd) of crude from the Toma South oilfield.

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.

Britain's Premier Oil To Lift Peak Output At Catcher Field
Thursday, August 23, 2018 Premier Oil is set to raise stable peak production at its Catcher field in Britain's North Sea.

CNOOC Posts Best Half-Year Profit Since 2015, Domestic Oil Output Drops
Thursday, August 23, 2018 CNOOC says its profits climbed 57% year-on-year in the first half of 2018, boosted by higher crude prices and robust gas sales.

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.

One-day Strike at Total's North Sea Oil, Gas Platforms Ended -Union
Tuesday, August 21, 2018 Workers at three of French oil company Total's UK North Sea oil and gas platforms ended a 24-hour strike at 0500 GMT on Tuesday as scheduled, the Unite union said.

Iraq's Southern Oil Exports Head for Record High in August - Sources
Tuesday, August 21, 2018 Oil exports from southern Iraq are on course to hit another record high this month, two industry sources said.

Caspian Pipeline Consortium Cuts CPC Blend Export Plan by 10 Pct
Tuesday, August 21, 2018 "We ... expect to pump around 60 million tonnes, but it (the export volume), of course, depends on producers," CPC said.

North Sea Tolmount Main Gas Field Gets Green Light
Monday, August 20, 2018 Premier Oil says the development of its Tolmount Main gas field, located in the southern North Sea, has been sanctioned by joint venture and infrastructure partners.

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