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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.
New Permian Oil to Feed Global Markets
Wednesday, May 15, 2019 Exports of the Permian Basin's newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners.
US Oil Output Drops
Wednesday, May 01, 2019 U.S. crude oil production dropped from January to February this year.
Saudis Pledge to Ensure Oil Supply
Tuesday, April 23, 2019 Saudi Arabia will coordinate with other crude producers to ensure that adequate supplies are available and the market does not go out of balance.
$6B Project with Up to 8,000 New Jobs Sanctioned
Friday, April 19, 2019 The steering committee for the offshore Azerbaijan ACG field has sanctioned the next stage of the development.
Venezuela Oil Output Is Said to Drop by Half
Friday, April 05, 2019 Power failures that plunged Venezuela into darkness for much of March also briefly slashed the country's crude production by half, according to people familiar with the situation.
Several New LNG Projects Must be Initiated in 2019
Thursday, April 04, 2019 LNG-focused oil and gas professionals believe several new LNG infrastructure projects will need to be initiated this year to ensure supply can meet demand after 2025.
$264B Needed to Realize UK's Oil and Gas Vision
Wednesday, March 20, 2019 $264 billion will need to be spent by exploration and production companies in existing operations and new opportunities to realize the UK oil and gas industry's Vision 2035.
Spirit Energy Brings Oda Online
Tuesday, March 19, 2019 Spirit Energy has started oil production on the Oda field almost 5 months earlier than originally planned.
UK Oil and Gas Production Rises in 2018
Tuesday, March 12, 2019 UK oil and gas production increased by more than 4 percent last year, according to a new report by the Oil and Gas Authority.
US to Drive Oil Supply Growth to 2024
Monday, March 11, 2019 The United States will drive global oil supply growth over the next 5 years, according to the IEA.
Lithium Recovery JV Targets Marcellus, Utica Plays
Tuesday, March 05, 2019 Lithium is getting more expensive and the United States is becoming more reliant on lithium imports, according to the U.S. Geological Survey.
Libya's Biggest Oil Field Restarts
Tuesday, March 05, 2019 Libya's biggest oil field resumed production, adding another complication to OPEC's effort to trim a global supply glut.
These are the OPEC+ Meeting Predictions
Monday, March 04, 2019 Experts predict what will happen at the upcoming OPEC+ meeting in April.
BP Starts Up 3rd Major Upstream Project in 2019
Thursday, February 28, 2019 BP Trinidad and Tobago announces first gas production from its Angelin development, located offshore Trinidad.
Exxon Boosts Reserves by 4.5B Barrels
Wednesday, February 27, 2019 Exxon Mobil Corporation added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year's production.
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.
America's Shale Boom Keeps Rolling
Wednesday, February 20, 2019 America's surging shale oil production shows little sign of abating, despite industrywide spending cuts.
It's All Going Wrong for OPEC
Thursday, February 14, 2019 Even as oil producing states in OPEC and beyond begin implementing the output cuts they agreed in December, the world's need for their crude is shrinking further.
2nd Stage of BP West Nile Delta Project Starts Up
Monday, February 11, 2019 BP announces first gas production from the 2nd stage of its West Nile Delta development offshore Egypt.
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.
Offshore Brazil FPSO Starts Production
Friday, February 01, 2019 The P-67 is the seventh FPSO deployed at the Lula pre-salt field.
The Oil Shock That Never Was
Wednesday, January 30, 2019 3 years ago, influential figures in the oil industry were sounding a clear warning.
US Oil Production 23 Years Ahead of Schedule
Friday, January 25, 2019 A year ago, the US government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year.
Eni Starts New Production Well Offshore Angola
Thursday, January 24, 2019 Eni has launched a new production well in the Vandumbu field offshore Angola.
CNOOC Plans to Boost Production to 2021
Wednesday, January 23, 2019 CNOOC Limited revealed Wednesday that it plans to boost production to 2021.
Canadian Oil Grades Weaken
Wednesday, January 16, 2019 Prices for Canadian oil fell relative to U.S. futures as Alberta Premier Rachel Notley expressed hope her government would be able to back off mandatory production curtailments in April.
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.
Problems for US Producers at $50
Wednesday, January 09, 2019 U.S. producers can't generate cashflow and production growth at $50 per barrel oil, according to Energy Aspects.
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.
Deepwater Nigeria Field Starts Production
Wednesday, January 02, 2019 Total reported Wednesday that it has achieved first oil from the deepwater Egina 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.
Exxon Becomes Permian Drill Chief
Tuesday, December 18, 2018 ExxonMobil has overtaken rivals to become the most active driller in the Permian Basin.
NCS Field Comes Online
Monday, December 17, 2018 Production has started from the Aasta Hansteen gas field in the Norwegian Sea.
Market Could be Oversupplied by 2020
Thursday, December 13, 2018 The market could be quite tight in the first half of 2019 but oversupplied again by 2020.
Oil Tanker Owners Find Solace in Shale
Wednesday, December 12, 2018 America's shale boom could be about to spare the world's oil tanker owners from a typical OPEC ravaging.
Offshore Angola Field Achieves First Oil
Monday, December 10, 2018 Eni starts oil production from the Vandumbu field in Block 15/06 offshore Angola.
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.
OPEC Created A Mess
Wednesday, December 05, 2018 The Organization of Petroleum Exporting Countries created a mess, according to FGE founder and chairman Fereidun Fesharaki.
ADNOC Adds Wintershall to UAE Mega Project
Tuesday, November 27, 2018 ADNOC and the Abu Dhabi Government add Wintershall to the Ghasha ultra-sour gas mega project.
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.
Canadian Oil Patch Plunged into Crisis
Wednesday, November 21, 2018 While the U.S. oil industry has hit a speed bump with the recent drop in oil prices, producers in Canada are in a full-blown crisis.
Heavy Canadian Crude Falls to Record Low
Friday, November 16, 2018 Heavy Western Canadian Select crude fell to a record low.
V&E Partner Talks Permian Hiring
Friday, November 16, 2018 As long as oil prices remain strong and takeaway capacity exceeds production, producers will be hiring in the Permian, according to V&E partner John Grand.
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.
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.
Market Balanced, No Cause for Alarm
Tuesday, November 13, 2018 The market is still relatively in a state of balance and there is no cause for alarm, the OPEC Secretary-General tells Bloomberg.
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.
Exxon's $2B Canada Move Shows Confidence
Thursday, November 08, 2018 Almost 2 years after Exxon Mobil removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil unit is investing again.