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ExxonMobil and BHP Greenlight Offshore Australia Project
Thursday, December 13, 2018 The project will develop one of the largest remaining sweet gas reservoirs in Australia's Bass Strait through a two-well brownfield tieback.
Alberta's Output-Cut May Be Working Too Well
Wednesday, December 12, 2018 Alberta's plan to boost crude prices through mandatory production cuts is working a little too well.
EIA Says US Domestic Oil Production Rising Despite Lower Prices
Tuesday, December 11, 2018 The US government left its forecast for domestic crude production unchanged for 2019.
Offshore Angola Field Achieves First Oil
Monday, December 10, 2018 Eni starts oil production from the Vandumbu field in Block 15/06 offshore Angola.
Equinor Gets Green Light for Troll Phase 3
Friday, December 07, 2018 The Norwegian ministry of petroleum and energy approves the plan for development and operation for the Troll Phase 3 project.
Apache Brings North Sea Garten Field Online
Wednesday, December 05, 2018 Apache Corporation initiates production from its Garten development in the UK sector of the North Sea.
Pemex Triples Estimate for 'Most Important Onshore Field in 25 Years'
Wednesday, November 28, 2018 Pemex has more than tripled its estimated reserves in its Ixachi field.
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.
Saudi Responds to Trump with Record Output
Monday, November 26, 2018 Saudi Arabia is pumping more crude than at any time since its first barrel was extracted 80 years ago, responding to pressure from US President Trump.
Clair Ridge Comes Online
Friday, November 23, 2018 BP announces first oil production from the Clair Ridge project in the West of Shetland region offshore UK.
Big Foot Up and Running
Thursday, November 22, 2018 Chevron's operated Big Foot deepwater project starts crude oil and natural gas production.
Libya Could Be Exempt From Future Cuts in Crude Output
Monday, November 19, 2018 Libya's top oil chief expects OPEC and allied producers to exempt the strife-torn North African country from any future cuts in crude output.
Why US Oil Production Won't Peak Anytime Soon
Monday, November 19, 2018 The US shale oil revolution continues to defy the skeptics.
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.
First Gas from Karish-Tanin Development On Track
Thursday, November 15, 2018 Energean Oil and Gas plc is on track to deliver first gas from its 2.4 trillion cubic feet Karish and Tanin development offshore Israel.
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.
US Crude Production to Hit Record 7.94 MMbpd in December
Wednesday, November 14, 2018 The US EIA projects record crude oil production in December.
ADNOC Invests $1.4B in Bu Hasa Field
Wednesday, November 14, 2018 ADNOC announces a $1.4 billion investment to upgrade and expand its Bu Hasa field.
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.
UKCS Reserves Could Sustain Output for 20+ Years
Thursday, November 08, 2018 The OGA's estimate for proven and probable (2P) UKCS reserves, as at end 2017, is 5.4 billion barrels of oil equivalent.
WoodMac Says South Sudan Outlook Shaky
Wednesday, November 07, 2018 South Sudan's optimism about restoring oil output to 350,000 barrels a day depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie Ltd.
ADNOC to Boost Oil Production to 4 MMbpd by 2020
Monday, November 05, 2018 The state-owned oil company is implementing a new gas strategy to increase production and plans to invest $132 billion in the next five years.
First Shale Gas from UK PNR Site
Monday, November 05, 2018 Cuadrilla begins to see natural gas flow to the surface from its shale exploration well at the UK Preston New Road site.
Leviathan Project 67% Complete
Friday, November 02, 2018 Construction of the Leviathan project is 67% complete, with anticipated first gas sales on schedule by the end of 2019.
Apache Plans to Fast Track North Sea Find
Thursday, November 01, 2018 Apache plans to accelerate initial production from the Garten discovery from the first quarter of 2019 to the fourth quarter of this year.
North Sea Columbus Development Gets Green Light
Wednesday, October 31, 2018 The Field Development plan for the North Sea Columbus Development has been approved.
Total Gets Nod to Extend Skirne and Byggve Lifespan
Tuesday, October 30, 2018 Total E&P Norge gets consent to extend the operational life of Skirne and Byggve to March 2024.
Vaca Muerta Shale Output Projection Revised
Friday, October 26, 2018 YPF SA will produce more oil and gas than originally planned over the next five years as shale output from the Vaca Muerta formation picks up, according to the Argentine producer's top two executives.
Total Finds Congo Pleasant Surprise
Friday, October 26, 2018 Total's oil production in the Republic of Congo has exceeded expectations, a company official said.
Trump Admin Approves First Oil Production Facility in Federal Arctic Waters
Thursday, October 25, 2018 The Trump administration has authorized Hilcorp's plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude.
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.
GWF-2 Comes Online $630MM Cheaper Than Expected
Thursday, October 25, 2018 The Greater Western Flank Phase 2 project off the north west coast of Australia has commenced gas production.
Plan Submitted for 2014's Largest Oil Find
Thursday, October 25, 2018 The development and exploitation plan for the SNE field offshore Senegal has been submitted on schedule to the government.
Petrobras FPSO Achieves First Oil
Wednesday, October 24, 2018 The Petrobras-operated FPSO P-69 is now producing at the Lula Extrema South in Brazil's offshore Santos Basin.
US Still Largest Natural Gas Producer
Wednesday, October 24, 2018 The United States is still the world's largest natural gas producer, despite a marginal 2017 output increase.
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'.
Green Light for North Sea Alligin Field
Monday, October 22, 2018 BP receives approval from the UK's Oil and Gas Authority to proceed with the Alligin development west of Shetland.
Onshore UK Portland Field Dubbed Commercially Viable
Friday, October 19, 2018 Horse Hill Developments, a UKOG subsidiary, considers the Portland oil field to be commercially viable, UKOG has revealed.
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.
Natural Gas Helps Texans Save Almost $60B in 10 Years
Tuesday, October 16, 2018 A new report by the Consumer Energy Alliance finds that Texas residents saved billions of dollars, thanks to natural gas production.
New Produced Water Blueprint Expected in 2019
Tuesday, October 16, 2018 An upcoming report could usher in produced water's transformation from a byproduct to a resource.
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.
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.
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.
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.