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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.
Norway Govt Presents Johan Castberg Oilfield Plan To Parliament
Tuesday, April 10, 2018 Norwegian government presents the Johan Castberg oilfield development plan for the parliament's approval.
Norway Approves Fenja PDO
Tuesday, April 10, 2018 The Norwegian Minister of Petroleum and Energy approves the plan for the development and operation of the Fenja field.
Ghazeer 'Crucial' to Maintaining Oman Gas Production to Early 2020s
Tuesday, April 10, 2018 The second phase of development at the Khazzan field in Oman will be crucial to maintaining domestic gas production into the early 2020's, BMI Research analysts say.
Oklahoma Orders Cut to Disposal Well Volumes Following Quakes
Monday, April 09, 2018 Oklahoma regulators forced an oil and gas producer to reduce operations on a well used for disposing saltwater following a large earthquake over the weekend, an Oklahoma Corporation Commission spokesman said.
BP to Develop Second Phase of Giant Khazzan Gas Field
Monday, April 09, 2018 The development of Ghazeer, the second phase of the giant Khazzan gas field in Oman, is approved.
Document: Russia's Rosneft Interested In Oil, Gas In Iran's Zagros Province
Friday, April 06, 2018 Rosneft is interested in oil and gas projects in Iran's Zagros province.
Chevron Seeks To Extend Rokan Oil Contract In Indonesia Beyond 2021
Friday, April 06, 2018 Chevron has submitted a proposal to extend its contract to operate the Rokan oil block in Indonesia beyond 2021.
Chile's ENAP, Argentina's YPF Inaugurate $354MM Offshore Gas Project
Wednesday, April 04, 2018 The state-run energy firms of Chile and Argentina said they had inaugurated a $354 million project to increase production of natural gas.
Iraq Ministry, Exxon Still In Talks On Boosting Oil Output
Wednesday, April 04, 2018 Iraq is still in discussion with Exxon Mobil over a multi-billion-dollar project to boost output from several southern oilfields, the Iraqi oil ministry says.
Oil Search Resumes Operations At Kutubu Complex In Papua New Guinea
Tuesday, April 03, 2018 Australia's Oil Search Ltd says operations have resumed at a facility closed in the wake of a major earthquake in Papua New Guinea in February.
EIA: US Crude Oil Production Rose Slightly In January
Friday, March 30, 2018 US crude production rose by 6,000 barrels per day (bpd) in January.
Putin, Novak To Discuss Global Energy Cooperation On Thursday
Thursday, March 29, 2018 Russian President Vladimir Putin is to meet energy minister Alexander Novak on Thursday.
UK North Sea Oil Output To Resume Decline After Brief Respite
Monday, March 26, 2018 The UK North Sea is set to resume a two-decade decline in oil production next year, consultancy Bernstein says.
Asian Oil, Gas Producers Stepping Up Activity After Long Lull
Friday, March 23, 2018 Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis.
Vietnam Halts South China Sea Drilling Project Under Pressure From Beijing
Friday, March 23, 2018 Vietnam halts an oil drilling project in the 'Red Emperor' block following pressure from China, 3 sources with direct knowledge of the situation tell Reuters.
Gas Production Commences at B15 Field Offshore Sarawak
Thursday, March 22, 2018 Gas production starts up at the B15 field, located within the SK310 production sharing contract area offshore Sarawak in East Malaysia.
SDX Achieves 'Strong' Flow Test Result From Moroccan Well
Thursday, March 22, 2018 North Africa focused oil and gas company SDX Energy achieves a 'strong' flow test result from its SAH-2 well on the Sebou permit in Morocco, says the company's president and CEO, Paul Welch.
Mubadala Advances $1B Malaysia Pegaga Gas Field Project
Wednesday, March 21, 2018 Mubadala Petroleum, Petronas and Royal Dutch Shell will spend more than $1 billion to develop Malaysia's Pegaga gas field.
CNOOC Starts Production from Weizhou 6-13 in South China Sea
Tuesday, March 20, 2018 CNOOC Limited starts up its Weizhou 6-13 oilfield ahead of schedule.
Spirit Energy Given Consent to Use Drilling Facility for Production Wells
Friday, March 16, 2018 Petroleum Safety Authority Norway gives Spirit Energy consent to use the Maersk Interceptor drilling facility to drill production wells on the Oda field.
Angolan Deep Offshore Field Starts Oil Production
Friday, March 16, 2018 Eni and Sonangol commence oil production from the Ochigufu project, located in Block 15/06 of Angola's deep offshore.
Ecuador Seeks $800MM Investment In Oil And Gas Bid
Wednesday, March 14, 2018 Ecuador launches a bidding round for foreign companies to develop oil and gas reserves.
Sonatrach To Invest $250 Million To Boost Output At Tinhert Gas Field
Monday, March 12, 2018 Algerian state energy firm Sonatrach will invest $250 million to boost output at the Tinhert gas field, its CEO says.
Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.
Offshore UK Catcher Development to Hit 60,000 Bpd Target Ahead of Plan
Thursday, March 08, 2018 Catcher is expected to reach an output rate of 60,000 barrels of oil per day in April.
Fortuna Project Could Produce First Gas by Early 2022
Wednesday, March 07, 2018 Ophir Energy confirms that the Fortuna project, located offshore Equatorial Guinea, could produce first gas by early 2022.
CEO: Mexico's Pemex Eyeing Partners For Heavy Oil Projects
Tuesday, March 06, 2018 Pemex might bring partners into two heavy crude oilfields in the Gulf's shallow waters, the company's chief says.
Chevron Backs 2018 Production Rise, Eyes Share Buybacks
Tuesday, March 06, 2018 Chevron says it should be able to raise production as planned by between 4 and 7 percent in 2018.
Sources: Libya's NOC Resumes Pumping Al El Sharara Oilfield
Monday, March 05, 2018 Pumping at Libya's El Sharara oilfield resumed on Monday, according to an oil engineer and a Libyan oil source.
IEA Sees US Oil Output Surge Stealing OPEC Share In Next 5 Years
Monday, March 05, 2018 US shale oil output is set to surge over the next 5 years, stealing market share from OPEC producers and moving the country closer to self sufficiency, IEA says.
Production at Mnazi Bay Field Hits Highest Monthly Level Since Output Began
Thursday, March 01, 2018 Wentworth Resources Limited says gross production volumes from Tanzania's Mnazi Bay gas field hit their highest ever monthly levels in February.
EIA: US Crude Oil Production Hit Record High In November
Wednesday, February 28, 2018 US crude oil production shattered a 47-year output record in November and retreated slightly in December, the US Energy Department said.
IEA: US To Overtake Russia As Top Oil Producer By 2019 At Latest
Tuesday, February 27, 2018 The United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency says.
East Timor, Australia Agree On Maritime Border, 'Pathway' To Develop Field
Monday, February 26, 2018 East Timor and Australia reach an agreement for a treaty on their disputed maritime border and on a 'pathway' to develop the giant Greater Sunrise offshore gas fields.
Libya Oil Field Is Said to Be Halted Amid Still-Fragile Recovery
Friday, February 23, 2018 A Libyan oil field halted production due to a labor dispute.
Chesapeake Says To Raise 2018 Output On Lower Spending, Shares Jump
Thursday, February 22, 2018 Chesapeake says it expects production to keep rising this year, despite a 12% cut in spending.
Thailand Pushes Erawan And Bongkot Gas Field Auctions To April
Thursday, February 22, 2018 Thailand expects auction terms for its petroleum gas fields to be ready in April, a month later than previously indicated.
ONGC Short-Lists Three Oil Service Majors To Lift Output From Two Fields
Wednesday, February 21, 2018 India's Oil and Natural Gas Corp is set to hire international oil service giants for the first time to boost output from domestic oil fields.
Energen's Oil Production Forecast Misses Estimates Amid Proxy Fight
Tuesday, February 20, 2018 Energen reports a better-than-expected quarterly profit, but expectations for oil production fell short.
UK's EnQuest Expects Higher Production This Year
Monday, February 19, 2018 EnQuest Plc expects higher production in 2018, helped by its flagship Kraken oilfield and its acquisition of a 25% stake in BP's Magnus oilfield.
Africa's Top Oil Producer Poised to Give OPEC an Output Headache
Thursday, February 15, 2018 Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies are trying to restrict output.
Germany's EWE Plans To Cut Groningen Gas Use By 75%
Wednesday, February 14, 2018 EWE plans to sharply reduce its use of gas from the Groningen field in the Netherlands.
IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.
BP Announces Start-Up of Atoll Phase One
Tuesday, February 13, 2018 BP begins gas production from the Atoll Phase One project offshore Egypt.