Triton’s Investment in DeepOcean CompletedJan 2, 2017DeepOcean Group Holding B.V., a provider of subsea services for the oil and gas as well as the renewables industries, has announced that the investment by Triton in DeepOcean was completed...
BP and PTT Sign LNG Sale and Purchase AgreementJan 2, 2017BP and PTT Public Limited Company have entered into a sales and purchase agreement for liquefied natural gas (LNG).
Platts China Oil Analytics – China Apparent Oil Demand Inched up 1% Year over Year in OctoberDec 29, 2016China’s apparent oil demand in October 2016 edged up by 1.1% from the same month last year to 11.12 million barrels per day (b/d), according to an analysis of Chinese government data by S&P Global Platts...
Shell Update on Pearl GTL ProductionDec 24, 2016Shell has announced its Pearl gas-to-liquids (GTL) plant in Ras Laffan Industrial City, Qatar, is currently operating at a reduced rate of production due to unforeseen maintenance...
One Billion Barrels from Troll BDec 21, 2016Troll B has produced one billion barrels of oil equivalent since it came on stream on 19 September 1995. Troll B and C combined have been the largest oil producer on the Norwegian continental shelf for the last three years.
EMGS Reports Multi-Client SaleDec 19, 2016Electromagnetic Geoservices ASA (EMGS) has announced that the company has entered into new data licensing agreements providing a net revenue of approximately...
Onshore Pipelines Forecast – Operations and Maintenance Activity to Boost SpendDec 16, 2016Douglas-Westwood (DW) has launched its 6th edition of the
World Onshore Pipelines Market Forecast with new operations expenditure (Opex) forecasts.
Norvestor Invests in READ Cased HoleDec 16, 2016Norvestor VII L.P. and Norvestor VII OS L.P., funds managed by Norvestor Equity AS, has signed an agreement to invest in READ Cased Hole Limited.
Delivering Greater Value from the Culzean ProjectDec 14, 2016Maersk Oil CEO has announced that the capital costs of its marquee Culzean HPHT gas project have been reduced by USD 500 million as a result of higher drilling efficiency and robust upfront design and project planning.
Recent OPEC Agreement Reflected in US EIA ForecastDec 12, 2016The US Energy Information Administration’s new
Today in Energy brief looks at OPEC’s recent agreement to reduce oil production.
Global Oil and Gas Exploration Likely to Return to Profitability in 2017Dec 12, 2016A new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead
Global Exploration: What to look for in 2017 shows that...
S&P Global Platts Survey – OPEC Crude Oil Production Hit New Record in NovemberDec 9, 2016Oil production from OPEC for November rose for the sixth straight month to a record 33.86 million barrels per day (b/d), according to a survey of OPEC and oil industry officials by S&P Global Platts...
S&P Global Platts Announces Formal Proposal on Additional Crudes for Dated Brent BenchmarkDec 4, 2016S&P Global Platts, independent provider of information and benchmark prices for the commodities and energy markets, is inviting feedback on its proposal for...
BP Approves Mad Dog Phase 2 Project in the Deepwater Gulf of MexicoDec 2, 2016BP has sanctioned the Mad Dog Phase 2 project in the United States, highlighting its long-term commitment to the country despite the current low oil price environment.
Total and Corbion Form Bioplastics Joint VentureNov 16, 2016Total and Corbion are joining forces to develop bioplastics by creating a 50/50 joint venture to produce and market polylactic (PLA) polymers.
Downsizing, Simplification and Design Reduce Offshore Development CostsOct 28, 2016The latest Rystad Energy analysis reveals that offshore developments have benefitted significantly from lower breakeven prices over the last 2 years, with...
ExxonMobil Begins Production at Port Allen Aviation Lubricants PlantOct 28, 2016Exxon Mobil Corporation has announced that its Port Allen aviation lubricants plant has achieved full production for the entire line of Mobil Jet™ engine lubricants.
Petrobras and Total Form a Strategic Alliance in Upstream and DownstreamOct 25, 2016Petrobras and Total have announced that Pedro Parente, CEO of Petrobras, and Patrick Pouyanné, Chairman and CEO of Total, have signed, in Rio de Janeiro, a Memorandum of Understanding...
McKinsey Energy Insights Predicts Oil Market Oversupply into 2017Sep 19, 2016McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, forecasts that it will take more than six months for the oil markets to fully rebalance.
Chevron Contract to Supply Liquefied Natural Gas for 10 yearsAug 30, 2016Chevron Corporation has announced that its wholly owned subsidiary, Chevron U.S.A. Inc., has signed a binding LNG Sales and Purchase Agreement (SPA) with ENN LNG Trading Company Limited (ENN)...
Statoil Acquires Operated Interest in Brazilian Offshore LicenseJul 29, 2016Statoil ASA and Petróleo Brasileiro S.A. - Petrobras have agreed that Statoil will acquire Petrobras’ 66% operated interest of the BM-S-8 offshore license in Brazil’s highly prolific Santos basin. The acquisition includes a substantial part of the Carcará oil discovery...
Lundin Petroleum Commences the 2016 Southern Barents Sea Drilling CampaignJul 21, 2016Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has commenced the 2016 exploration and appraisal campaign in the Loppa High area in the southern Barents Sea...
S&P Global Platts: June OPEC Output of 32.73 Million Barrels of Crude Per Day, Highest Since August 2008Jul 12, 2016Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 million b/d...
Consent for Use of Songa EncourageJul 1, 2016The Petroleum Safety Authority (PSA) Norway has granted Statoil consent consent to use
Songa Encourage for the drilling and completion of wells at Åsgard and Heidrun.