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Report: Permian, Marcellus & Utica to Supply 55% of N. American Gas by 2030
Thursday, June 14, 2018 A report by McKinsey Energy Insights projects the three shale plays to drive supply.
China's CNOOC Sees Ugandan Oil Production Starting In 2021
Wednesday, June 13, 2018 Oil production in Uganda is likely to start in 2021 at the earliest, China's CNOOC said, giving a later date than the government's 2020 target.
Russia Is Said to Seek Oil-Cuts Rollback for Most OPEC Nations
Tuesday, June 12, 2018 Russia plans to propose that OPEC and its allies be allowed to return production to October 2016 levels.
Russia Said to Boost Oil Output as Commitment to OPEC Cuts Wanes
Monday, June 11, 2018 Russia is showing signs of weakening its commitment to oil-supply cuts as production rises before crucial talks with OPEC about the future of the agreement.
Official: Italy's ENI On Track To Double Ghana Gas Output
Friday, June 08, 2018 ENI is on track to deliver the first gas from its Ghana operations this month.
Possible To Reduce Groningen Gas Output Faster - Dutch Minister
Thursday, June 07, 2018 Production at the Groningen natural gas field could be reduced faster than planned.
Spain's Repsol To Boost Production, Hike Dividend In 2020
Wednesday, June 06, 2018 Spanish oil major Repsol expects to increase production to 750,000 barrels per day in 2020 and raise its dividend to $1.2 per share over the next two years.
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.
Gas Glut in Permian Sparks Dilemma Over How Much to Burn
Monday, June 04, 2018 Texas is facing a burning question that's pitting the state's economy against its environment, and oil drillers against each other.
Rosneft Seen Quickly Recovering Output Once OPEC Deal Curbs Eased - Analyst
Friday, June 01, 2018 Russia's largest oil producer Rosneft has been able to recover its oil production of 70,000 barrels per day in just two days, Renaissance Capital wrote in a client note.
EIA: US Oil Output Jumps To Record 10.47 MMbpd In March
Thursday, May 31, 2018 US crude oil production jumps to 10.47 million bpd in March, the highest on record.
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.
Azerbaijan's SOCAR Signs Deals For Caspian Fields With Equinor
Wednesday, May 30, 2018 Azeri state oil company SOCAR and Norway's Equinor sign a risk service contract for the development of the Karabakh offshore oil and natural gas field in the Caspian Sea.
India's ONGC To Quadruple Output From Bay Of Bengal Gas Field That Cost $1B
Friday, May 25, 2018 India's state-owned exploration company Oil and Natural Gas Corp will by early 2019 quadruple the output from an offshore gas block in the Bay of Bengal, according to a senior ONGC official.
China's Cnooc Sees Likely Start of Uganda Oil Field in 2021
Thursday, May 24, 2018 Cnooc says production at Kingfisher field will probably start in 2021.
Equinor's Troll C Gas Module Expected To Start In Q3 2019
Thursday, May 24, 2018 A new gas module on the Equinor-operated Troll C platform is expected to start production in the third quarter of 2019.
NOC: Libyan Oilfield Suffers 'Distribution Delay' Amid Protest Threats
Wednesday, May 23, 2018 Libya's National Oil Corp (NOC) says there was a 'minor distribution delay' from Raguba field.
Cuadrilla Seeks Consent to Frack UK's First Horizontal Shale Gas Well
Tuesday, May 22, 2018 Cuadrilla Resources submits an application to the Secretary of State for the Department for Business, Energy and Industrial Strategy for the consent to frack the UK's first horizontal shale gas well.
Production Vessel at Ghana's Jubilee Oilfield to Shut Temporarily
Monday, May 21, 2018 The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said.
Unemployed Threaten Libya Oilfields Feeding Es Sider; Production Normal
Monday, May 21, 2018 A group of unemployed Libyan youths will shut down oilfields in Marada town in the east unless demands for better state services are met, the group said on Sunday.
Flow Test at Egyptian Well Exceeds Expectations
Friday, May 18, 2018 Flow testing at SDX Energy Inc's Ibn Yunus-1X discovery, located within South Disouq in Egypt, exceeds the company's expectations.
Premier Oil Says Debt Reduction On Track As Output Grows
Wednesday, May 16, 2018 Premier Oil says it is heading for a 'material' reduction of its $2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day.
Norwegian Production Drops in April
Wednesday, May 16, 2018 Norwegian production drops month-on-month in April, according to preliminary output figures released by the Norwegian Petroleum Directorate.
Wintershall Submits $1.2B PDO for North Sea Field
Wednesday, May 16, 2018 Wintershall Norge AS submits a $1.2 billion plan for development and operation for the North Sea Nova field.
Russia State Oil Firm Starts Drilling At New Well Offshore Vietnam
Tuesday, May 15, 2018 A unit of Russian state oil firm Rosneft has started drilling at a new production well in waters off the southern coast of Vietnam.
OPEC In No Hurry To Decide If Extra Oil Needed To Offset Iran -Sources
Thursday, May 10, 2018 OPEC is in no hurry to decide whether to pump more oil to make up for an expected drop in exports from Iran after the imposition of new U.S. sanctions, sources familiar with the issue say.
Eni Ramping Up Production at Zohr
Thursday, May 10, 2018 Eni SpA announces the start-up of the third production unit at its Zohr project, located offshore Egypt within the Shorouk Block.
Iraq Lifts Oil Output At Eni's Zubair Field To 475,000 Bpd - Oil Official
Wednesday, May 09, 2018 Iraq lifts oil production at Eni's Zubair field in the south by 50,000 barrels per day to 475,000 bpd.
Eni Completes Angola Deep Offshore Field Ramp-up
Wednesday, May 09, 2018 Eni SpA completes the ramp-up of the Ochigufu field, located in Angola's deep offshore.
EIA: US Crude Output To Hit 12 MMBpd In Late 2019
Tuesday, May 08, 2018 US crude oil production is expected to rise more than previously expected to 12 million barrels per day by the fourth quarter of 2019.
UKCS Production Efficiency Rises for Fifth Straight Year
Tuesday, May 08, 2018 Production efficiency in the UK Continental Shelf rises to 74% in 2017.
Iraq, BP Sign Kirkuk Oilfield Development Contract, Official Says
Monday, May 07, 2018 Iraq's state-run North Oil Company signed an agreement with BP to triple output from the Kirkuk fields in the north of the country.
Canadian Natural Resources To Limit Output During Transport Crunch
Thursday, May 03, 2018 Canadian Natural Resources Ltd (CNRL) says it will produce less than expected this spring.
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.
EIA: US Crude Output Jumps To Record 10.26 MMbpd In Feb
Monday, April 30, 2018 US crude production jumped 260,000 to 10.26 million barrels per day in February, the highest on record
Second Production Unit Starts-Up at Zohr Project
Thursday, April 26, 2018 Eni announces the start-up of the second production unit at its Zohr project.
Total Output Hits Record High As Prices Buoy Profits
Thursday, April 26, 2018 Total reports record high quarterly oil and gas output while beating profit forecasts helped by higher prices.
Shell Writes Off Groningen Gas Field On Dutch Phase-Out
Thursday, April 26, 2018 Shell says it would write down its reserves in the Groningen gas field.
Kuwait Energy Starts Producing Natural Gas From Field In Southern Iraq
Wednesday, April 25, 2018 Kuwait Energy starts producing natural gas from Siba.
Facing Shipping Constraints, Canada Moving Oil One Truckload at a Time
Monday, April 23, 2018 Canada's oil industry faces significant challenges, not the least of which are high production costs, remote oil fields and, perhaps most pressing, the shipping bottlenecks.
Trump's Revenge: US Oil Floods Europe, Hurting OPEC and Russia
Monday, April 23, 2018 U.S. oil is even edging out North Sea Forties, which is produced in the backyard of the continent's refineries.
Oklahoma Regulators Order Disposal Well Shut, More Reductions After Quakes
Friday, April 20, 2018 Oklahoma regulators on Thursday ordered a wastewater disposal well shut and told two operators to reduce injection volumes, the second such directive in less than two weeks.
Trump's Claim of 'Oil All Over the Place' Isn't True Anymore
Friday, April 20, 2018 While OPEC has been curbing supply in a successful bid to revive oil prices, the group's success means that there's no longer a global glut of oil.
Norwegian Production Declines in March
Friday, April 20, 2018 Norwegian production decreases month-on-month in March, according to the Norwegian Petroleum Directorate's latest preliminary output figures.
OPEC, Non-OPEC Panel Finds Oil Glut Virtually Eliminated
Thursday, April 19, 2018 A global oil glut has been virtually eliminated, according to a joint OPEC and non-OPEC technical panel, two sources familiar with the matter said.
Oil And Gas Firm Energean To Boost East Mediterranean Output
Thursday, April 19, 2018 Energean Oil & Gas is boosting its Greek output and expects first gas from its Israeli fields in the first quarter of 2021.
Eni: Development Plan for Merakes Field Approved
Wednesday, April 18, 2018 Eni S.p.A says the development plan for the Merakes field offshore Indonesia has been approved by the country's minister of energy and mineral resources.
China Shale Gas Output To Nearly Double Over 3 Years - Consultancy
Tuesday, April 17, 2018 China's shale gas production will likely reach 17 billion cubic metres in 2020, nearly double the 2017 level.
EIA: US Shale Output To Rise By 125,000 Bpd In May
Monday, April 16, 2018 US shale oil production is expected to increase in May for the fourth consecutive month, US Energy Information Administration data shows.
UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.