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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.
Continental Resources Sees 15-20 Pct Output Growth in 2019
Wednesday, August 08, 2018 A large portion of the company's growth is focused on its SpringBoard development in Oklahoma's SCOOP formation.
US Natgas Output, Demand Seen Rising to Record Highs in 2018
Tuesday, August 07, 2018 U.S. dry natural gas production should rise to an all-time high of 81.10 billion cubic feet per day (bcfd) in 2018.
US Cuts 2018 Crude Oil Production Growth Forecast
Tuesday, August 07, 2018 U.S. crude oil production in 2018 was expected to grow at a slower rate than previously forecast amid lower crude prices according to a monthly U.S. government report.
Genel Energy Sees Significant Output Boost in 2019
Tuesday, August 07, 2018 Iraqi Kurdistan-focused Genel Energy is likely to significantly increase its oil production guidance next year, Chief Financial Officer Esa Ikaheimonen said.
EOG Sees Permian Hydraulic Fracturing Work Slowing in 2nd Half
Friday, August 03, 2018 Activity in the Permian Basin, which includes the Delaware, has outpaced pipeline takeaway capacity in recent months.
Gas Production at Egypt's 9B Field to Begin in October - Minister
Friday, August 03, 2018 The petroleum ministry's statement did not say how much gas the first two wells would initially produce.
Canadian Natural's Production Miss Clouds Profit Beat
Thursday, August 02, 2018 Canadian Natural Resources reports quarterly production that fell short of its own estimates.
Exec Sees UKCS Jump with Shell Penguins Contract
Thursday, August 02, 2018 DNV GL will support Shell and ExxonMobil's redevelopment of the Penguins field.
First Oil at Offshore UK Lancaster Field on Track for 1H 2019
Thursday, August 02, 2018 First oil at the Lancaster field, located offshore UK, is on track for the first half of next year, Hurricane Energy plc's chief executive, Robert Trice, announced Thursday.
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.
Marathon Oil Raises Annual Production Forecast
Wednesday, August 01, 2018 Marathon Oil Corp raised its annual production forecast.
Bay of Campeche Subsea Tieback Contract Goes to McDermott
Wednesday, August 01, 2018 Pemex has selected McDermott to install two rigid flowlines for its Ayatsil field, which is located in the Bay of Campeche.
Iraq To Take Over Development Of Mansuriyah Gas Field, Nassirya Oilfield
Tuesday, July 31, 2018 Iraq will develop its Mansuriyah gas field near the Iranian border using state-run firms after the 'delay and failure' of international companies to resume work at the field.
Petrofac To Sell 49% Of Mexican Operations
Monday, July 30, 2018 Petrofac says it agreed to sell 49% of its operations in Mexico to Perenco (Oil & Gas) International Ltd.
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.
Total: Biggest Deep Offshore Development in Angola Starts Production
Monday, July 30, 2018 Total reveals that it has started production at Kaombo, which it describes as 'currently the biggest deep offshore development in Angola'.
Australia's Ichthys LNG Project Comes Online
Monday, July 30, 2018 Inpex Corporation announces Monday that its operated Ichthys LNG project has commenced the production of gas from its wells.
Texas to 'Shatter' Oil Production Records with Fewer Rigs and Workers
Friday, July 27, 2018 Economist Karr Ingham shares the mid-year results from the Texas Petro Index and production is doing well.
Analysts: New Zealand Crude Oil Output Poised to Decline
Friday, July 27, 2018 New Zealand's crude oil production is poised to decline over the coming years, according to oil and gas analysts at BMI Research.
Chevron Awards Gorgon Subsea Contract
Thursday, July 26, 2018 The subsea installation will take place in water depths ranging from 250 to 1,340 meters.
ONGC Works with Indian Navy to Plug Offshore Platform Gas Leakage
Wednesday, July 25, 2018 India's Oil and Natural Gas Corporation Limited says a team of its engineers, with support from the Indian Navy, successfully plugged a gas leakage on the unmanned S1-6 offshore platform.
Offshore Guyana Block Could Require Five FPSOs
Monday, July 23, 2018 The estimated recoverable resources for the Stabroek Block offshore Guyana has risen by at least 25%.
New Initiative 'Could Help Unlock' Over 3.5B Barrels in UKCS
Friday, July 20, 2018 The OGTC launches an industry-backed initiative, which it says could help unlock more than 3.5 billion barrels of reserves in marginal discoveries on the UK Continental Shelf.
Saudi Arabia Says It Won't Oversupply Global Oil Market
Thursday, July 19, 2018 Saudi Arabia rejected concerns that it's planning to oversupply global oil markets and said it will actually trim crude exports next month.
US Crude Oil Output Hits 11 Million bpd For First Time Ever
Wednesday, July 18, 2018 US crude oil production last week hit 11 million barrels per day (bpd) for the first time in the nation's history.
Security Issues Continue to Plague Libya's Oil-Supply Growth
Wednesday, July 18, 2018 Just as Libya resumes oil exports from recently shuttered ports, an attack on its largest field is setting back progress yet again.
OGA: UKCS Production Efficiency Improves for 5th Straight Year
Tuesday, July 17, 2018 Production efficiency on the UK Continental Shelf has improved for the 5th consecutive year, according to a new report released by the Oil and Gas Authority.
SNC-Lavalin Wins Five-year Contract from Saudi-Kuwait Firm
Monday, July 16, 2018 Canada-based SNC-Lavalin will provide general engineering services under latest framework deal.
Analysts: SDX's Egypt Appraisal Well Result 'Very Encouraging'
Monday, July 16, 2018 North Africa focused oil and gas company SDX Energy Inc announces that a 'successful' production test has been conducted at its SD-4X appraisal well at South Disouq in Egypt.
Aker BP Says Norway Strike Would Have To Last Month To Hit Output
Friday, July 13, 2018 A 4-day oil workers strike in Norway that may escalate on Monday would have to last a month to impact Aker BP's production from the Valhall field in the North Sea, the Norwegian energy company says.
Iraqis Protest at Oilfields to Call for Jobs and Basic Services
Thursday, July 12, 2018 The unrest did not impact production at West Qurna 2 or the other two fields, West Qurna 1 and Rumaila, two oil officials said.
Premier Oil's Board Approves UK Offshore Tolmount Project
Thursday, July 12, 2018 Premier Oil confirms that its board has approved the Tolmount gas project.
EIA: US Crude Stocks Slump Nearly 13 Million Barrels to Feb 2015 Low
Wednesday, July 11, 2018 US crude oil stocks fell by nearly 13 million barrels last week, the most in nearly two years.
Inpex: Ichthys LNG Project Preparing for Production Start-Up
Wednesday, July 11, 2018 Inpex Corporation (Inpex) announces that its operated Ichthys LNG project is preparing for production start-up.
Kazakhstan's Oil Output Rises 6.2% In First Half Of Year
Tuesday, July 10, 2018 Kazakhstan's oil output rose 6.2% year-on-year in the first half of 2018 to 45.2 million tonnes, Energy Minister Kanat Bozumbayev says.
Libya's Oil Output More Than Halved Since February - NOC
Monday, July 09, 2018 Libya's national oil production fell to 527,000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation said.
Rovuma LNG Phase 1 Development Plan Submitted to Mozambique Government
Monday, July 09, 2018 Mozambique Rovuma Venture S.p.A submits the development plan for the first phase of the Rovuma LNG project to the Mozambique government.
Egdon Submits New Planning Application for Onshore Wressle Oil Field
Friday, July 06, 2018 Egdon Resources plc announces the submission of a new planning application for the development of the UK onshore Wressle oil field to North Lincolnshire Council.
Iran Threatens to Stop Hormuz Oil Exports If Own Crude Cut
Thursday, July 05, 2018 Iran will stop oil exports from the Strait of Hormuz, the world's most important oil chokepoint, if the U.S. succeeds in halting crude sales from the Persian Gulf nation.
Eni Starts Gas Production at OCTP Project Offshore Ghana
Thursday, July 05, 2018 Eni starts gas production from the Sankofa field in Ghana, which is part of the Offshore Cape Three Points (OCTP) integrated oil and gas project.
Abu Dhabi Ready to Pump More Oil Under OPEC Deal
Tuesday, July 03, 2018 Abu Dhabi said it's ready to increase oil output in line with guidance set by OPEC and allied producers.
US Envoy Sees Rise in Oil Production Easing South Sudan Peace Deal
Tuesday, July 03, 2018 South Sudan's plan to boost oil production should help it fund a forthcoming transitional government that seeks to end more than four years of civil war, the US ambassador says.
NPD: Troll Production Expected to Continue until 'Around 2060'
Tuesday, July 03, 2018 Production from the Troll field is expected to continue until around 2060, the Norwegian Petroleum Directorate (NPD) says.
Norway's Equinor Submits $955 Mln Phase 3 Development Plan For Troll Field
Tuesday, July 03, 2018 Norwegian oil and gas firm Equinor submits a $954.46 million plan to develop gas reserves in the western part of its Troll field.
Algeria Raises Production At Eastern Alrar Gas Field
Monday, July 02, 2018 Output at Algeria's Alrar gas field close to its border with Libya has risen.
Libya's NOC Declares Force Majeure At Zueitina And Hariga Oil Export Ports
Monday, July 02, 2018 Libya's National Oil Corporation declares force majeure on loadings from Zueitina and Hariga ports on Monday.
BP Starts Up Shah Deniz 2 Gas Development in Azerbaijan
Monday, July 02, 2018 BP plc and its partners in the Shah Deniz consortium announce the start-up of the Shah Deniz 2 gas development in Azerbaijan.
EIA: US Crude Output Dips In April To 10.467 MMbpd
Friday, June 29, 2018 U.S. crude production fell marginally by 2,000 bpd to 10.467 million bpd in April from the highest on record in March.
Tullow Ups 2018 Output Forecast, Provisions For Seadrill Claim
Thursday, June 28, 2018 Tullow Oil raises its 2018 production outlook to 86,000-92,000 barrels of oil per day from 82,000-90,000 bopd.