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North Sea Oil Production Struggling
Monday, May 20, 2019 North Sea oil production is struggling, according to independent energy research and intelligence business Rystad Energy.
Montney Play Output to Hit 20Bcfe Per Day
Monday, May 20, 2019 Total production in Canada's Montney play will likely reach 10 billion cubic feet equivalent per day this year, according to Wood Mackenzie.
Shell to Spud Deepwater Mexico Well in December
Wednesday, May 08, 2019 Shell has robust plans for deepwater drilling in Brazil and Mexico.
South Africa Teams Up on South Sudan Oil Block
Monday, May 06, 2019 The deal is part of a $1 billion investment in the country emerging from civil war.
BP Approves Thunder Horse Expansion in GOM
Monday, May 06, 2019 BP has approved the Thunder Horse Expansion Phase 2 project in the deepwater Gulf of Mexico, which should add 50,000 boepd.
Beetle's Status Downgrade Would Be Win for Oil Industry
Wednesday, May 01, 2019 The Trump administration is seeking to downgrade Endangered Species Act protections for a one-inch beetle that has confounded oil pipelines and drilling in Oklahoma and Nebraska.
Exxon Makes 13th Oil Discovery Offshore Guyana
Friday, April 19, 2019 ExxonMobil made a new oil discovery at the Yellowtail-1 well offshore Guyana, marking its 13th discovery on the Stabroek Block.
Shell to Sell US GOM Asset Stake for Almost $1B
Thursday, April 11, 2019 Shell signs an agreement to sell its 22.45 percent non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico.
Brazil Pre-Salt Contract Goes to TechnipFMC
Wednesday, April 10, 2019 Total has awarded TechnipFMC a contract tied to the development of the Lapa field.
$77B Earmarked to Boost China's Domestic Oil Output
Monday, March 25, 2019 China's big three -- PetroChina Co., Sinopec Corp. and Cnooc Ltd. -- are raising combined capital expenditure to about 517 billion yuan ($77 billion), up 18 percent from last year.
Exxon, Chevron Battle it Out in the Permian
Friday, March 22, 2019 New analysis by Rystad Energy explores which supermajor has the most potential in the prolific Permian Basin.
Siccar Point Energy Spuds Exploration Well
Tuesday, March 19, 2019 UK-based Siccar Point Energy has begun its 2019 drilling campaign by spudding an exploration well at the Blackrock prospect. (Courtesy Photo)
35-Year Onshore Abu Dhabi Concession Goes to Inpex
Monday, March 18, 2019 INPEX will invest up to US$176 million in Abu Dhabi's Onshore Block 4. PHOTO SOURCE: ADNOC
Exxon Plans for $15 per Barrel Permian Costs
Thursday, March 14, 2019 Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields.
Deepwater Angola JV Hits Oil Pay
Wednesday, March 13, 2019 Early estimates indicate up to 650 million barrels of light crude in place.
Exxon, Chevron Expect Surge in Permian Production
Tuesday, March 05, 2019 ExxonMobil and Chevron both expect their Permian output to reach around 1 million barrels per day by 2024.
ExxonMobil Teams with Microsoft in the Permian
Friday, February 22, 2019 The oil major has partnered with Microsoft to bolster its operations in the Permian Basin.
Permian Oil and Gas Production to Hit New Records
Thursday, February 21, 2019 Oil and gas production in the Permian will hit new records next month, according to the EIA.
Norwegian Production Decreases
Wednesday, February 20, 2019 Norwegian output decreased from December to January, according to the Norwegian Petroleum Directorate's latest preliminary figures.
New Brazil Production Adds to OPEC Headache
Wednesday, February 20, 2019 A new Brazilian oil supply boom is poised to challenge OPEC's oil market balancing efforts.
8-Year Petrobras Contract Starts for TechnipFMC-DOF
Tuesday, February 19, 2019 A joint venture of TechnipFMC and DOF Subsea owns the new flexible lay and construction vessel.
33 FPSOs to be Sanctioned to 2021
Monday, February 18, 2019 Rystad Energy expects 33 FPSOs to be sanctioned from 2019 to 2021.
Oil Will Continue to Play Significant Role in 2040
Friday, February 15, 2019 Although the precise outlook is uncertain, the world looks set to consume significant amounts of oil for several decades, according to BP's latest Energy Outlook.
PTTEP Boosts Stake in Sinphuhorm Project
Friday, February 15, 2019 PTTEP SP Limited has signed an agreement to acquire a 33.8% stake in APICO LLC.
Carnarvon Conducting Placement to Raise $50MM
Wednesday, February 13, 2019 Carnarvon Petroleum Limited is conducting a placement to 'institutional and sophisticated investors' to raise approximately $50 million.
TechnipFMC Scores Brazil Subsea Contract
Wednesday, February 06, 2019 Petrobras awarded the contract on behalf of the Libra Consortium.
Offshore Wells to Watch in 2019
Tuesday, February 05, 2019 Wood Mackenzie's Vice President of Global Exploration, Andrew Latham, singles out 5 conventional offshore wells to watch in 2019.
Global Deepwater Liquid Output to Hit Record
Monday, February 04, 2019 Rystad Energy expects global deepwater liquid production to surpass 10 million barrels per day in 2019.
The Oil Shock That Never Was
Wednesday, January 30, 2019 3 years ago, influential figures in the oil industry were sounding a clear warning.
New Discovery in UK Central North Sea
Tuesday, January 29, 2019 CNOOC Limited has announced a new discovery on the Glengorm prospect, which is located in the UK central North Sea.
GOM Subsea Contract Goes to McDermott
Monday, January 28, 2019 Stonefly to tie back to Ram Powell tension leg platform.
CNOOC Plans to Boost Production to 2021
Wednesday, January 23, 2019 CNOOC Limited revealed Wednesday that it plans to boost production to 2021.
GOM P&A Work Goes to Helix
Wednesday, January 23, 2019 The work will occur at operating depths associated with the Droshky Prospect, Helix stated.
2019 US Oil Output to Average 12MM Barrels Per Day
Wednesday, January 16, 2019 U.S. crude oil production will average 12.1 million barrels per day in 2019, according to the EIA's latest short-term energy outlook.
BP Plans to Drill 6 More Wells in Azerbaijan
Thursday, January 10, 2019 BP and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.
Saudi Arabia Boosts Reserves Ahead of Aramco's IPO
Wednesday, January 09, 2019 Saudi Arabia published the first audit of its vast oil reserves since it nationalized its energy industry about 40 years ago.
BP Okays $1.3B Expansion in Gulf of Mexico
Tuesday, January 08, 2019 The supermajor has given the greenlight to the Atlantis Phase 3 development, which is expected to boost production by 38,000 boepd.
North Sea Oda Field Gets Green Light
Monday, January 07, 2019 Norwegian authorities approve the application for the start up of the Oda field in the Norwegian sector of the North Sea.
$123B of Offshore Projects May be Sanctioned in 2019
Friday, January 04, 2019 $123 billion of offshore projects could be sanctioned in 2019 if Brent rebounds to $60 per barrel and further cost reduction efforts are successful on current non-economic projects up for sanctioning.
Equinor Wraps Up $470MM NCS Sales
Friday, January 04, 2019 Equinor completes the sales of 2 'non-core' discoveries on the Norwegian Continental Shelf for a combined total of almost $500 million.
Total to Start Crude Exports From New Field Offshore Nigeria
Thursday, December 20, 2018 Total is poised to start exports of crude from a major new offshore field in Nigeria.
Offshore Egypt Project to Start New Phase
Thursday, December 20, 2018 Saipem and Petrobel have negotiated an offshore contract addendum for the 'Ramp Up to Plateau' phase of the Zohr gas field.
US Gulf of Mexico On Track for Historic 2019
Thursday, December 20, 2018 Activity booms, first-ever production and key sanctions are some of the factors leading to a grand year for the US Gulf of Mexico, analysts say.
Permian's Growth Spurt at Risk of Being Stunted
Wednesday, December 19, 2018 The U.S.'s biggest oil field may be about to pump the brakes if crude keeps plunging.
Giant North Sea Discovery Progressing
Wednesday, December 19, 2018 Equinor reveals the latest progress on the Johan Sverdrup project.
CNOOC in Cooperation Pact with Majors
Tuesday, December 18, 2018 China National Offshore Oil Corporation signs strategic cooperation agreements with several oil and gas majors.
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.
McDermott and BHGE Join Australia Gas Project
Wednesday, December 12, 2018 McDermott and BHGE have struck a deal with Western Gas to be the exclusive development partners for the Equus Gas Project.
Oil Extends Gain
Monday, December 10, 2018 Oil in London extended gains near $62 a barrel on prospects for a shrinking glut.
Libya Declares Force Majeure at Largest Field
Monday, December 10, 2018 Libya declared a state of force majeure at its largest oil field after an armed group forced a production halt.