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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.
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.
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.
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.
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.
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.
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.
Heavy Canadian Crude Falls to Record Low
Friday, November 16, 2018 Heavy Western Canadian Select crude fell to a record low.
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.
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.
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.
Permian Best Place to be in Shale Oil Business
Wednesday, November 07, 2018 The Permian Basin continues to be the best place to be in the shale oil business, according to Timothy L. Dove, president and CEO of Pioneer Natural Resources.
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.
Nigeria Sees OPEC Holding Firm in December
Monday, October 29, 2018 OPEC and its allies are likely to keep oil-production policy steady when they meet in December, Nigeria's oil minister says.
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.
Upstream Players Must Boost Spending
Wednesday, October 24, 2018 Global oil and gas development spend needs to increase by around 20%.
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.
First LNG Shipment Departs Ichthys
Tuesday, October 23, 2018 Inpex confirms that the first shipment of liquefied natural gas has departed from its operated Ichthys LNG project.
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.
First Ichthys LNG Cargo Said Possible This Week
Tuesday, October 16, 2018 The Ichthys LNG export project in northern Australia may load its 1st natural gas cargo as soon as this week, according to sources.
110MM Barrel North Sea Field Comes Online
Monday, October 15, 2018 The North Sea Oseberg Vestflanken 2 field came online on October 14.
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.
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.
Senegal SNE Field on Track for First Oil
Tuesday, October 02, 2018 Senegal's deepwater SNE field is on track for first oil in 2022, Fitch Solutions Macro Research states in a new report.
PDO for $1.2B Nova Project Gets Green Light
Monday, October 01, 2018 Wintershall Norge reveals that the plan for development and operation for the Nova project has been approved by Norway's Ministry of Petroleum and Energy.
BP Gets Green Light for North Sea Project
Thursday, September 27, 2018 BP receives approval from the UK's Oil and Gas Authority to proceed with the Vorlich development in the central North Sea.
Glendronach Discovery Big News for UK
Tuesday, September 25, 2018 The Glendronach discovery is big news for the UK as a whole, according to Wood Mackenzie.
Uganda Expects to Miss Target for First Oil
Monday, September 24, 2018 Uganda said it expects to miss its 2020 target for the East African nation's first crude production.
Strong Growth in Short Term Egypt Gas Production Expected
Thursday, September 20, 2018 Fitch Solutions Macro Research expects 'strong growth' in gas production in Egypt in the short term, a new report by the company has revealed.
First Oil Production Begins at Tortue Field
Wednesday, September 19, 2018 Panoro Energy announces that first oil production has started from the Tortue field, which is located within the Dussafu PSC offshore Gabon.
CNOOC Starts Up Penglai 19-3 Comprehensive Adjustment Project
Tuesday, September 18, 2018 CNOOC Limited announces that the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project has commenced production.
Lancaster EPS Subsea Installation Completed
Thursday, September 13, 2018 Hurricane Energy says the installation of subsea umbilical, risers and flowlines for the Lancaster Early Production System has been 'successfully completed'.
Global Upstream Project Delivery 'Finally Hitting the Mark'
Tuesday, August 14, 2018 Global upstream project delivery is 'finally hitting the mark', according to Wood Mackenzie.