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Energy Demand Grows as Fuel Mix Continues to Diversify Feb 21, 2018The 2018 edition of BP’s Energy Outlook has been published and considers the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition.
Total Strengthens its Position in the Mediterranean Region Feb 12, 2018Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) and the government of Lebanon have signed two Exploration and Production Agreements covering Blocks 4 and 9 located offshore Lebanon...
ExxonMobil Adds 2.7 Billion Barrels to Reserves – Replaces 183% of 2017 Production Feb 9, 2018Exxon Mobil Corporation says it has added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production.
Ophir Energy plc Mexico Licence Awards Feb 5, 2018Ophir has announced that, together with its joint venture partners, it has been awarded Block 10 and Block 12 as part of the Mexico offshore bid round 2.4.
Chevron Announces Major Oil Discovery in Deepwater Gulf of Mexico Jan 31, 2018Chevron Corporation has announced a significant oil discovery at the Ballymore prospect in the deepwater US Gulf of Mexico. Ballymore is located in the Mississippi Canyonarea of the US Gulf of Mexico, approximately...
Faroe Petroleum Awarded Eight Exploration Licences in Norway Jan 17, 2018Faroe Petroleum has announced that it has been awarded eight new prospective exploration licences, including four operatorships, in the Norwegian North Sea under the 2017 Norwegian APA...
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Spot News |
Further Increasing Johan Sverdrup ValueStatoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.
Faroe Commences Fogelberg Appraisal WellFaroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).
North Sea Exploration Success for BPBP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
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Wintershall Success in the APA 2017 Licensing RoundJan 17, 2018Wintershall continues to gain more exploration acreage in Norway. In the Awards for Predefined Areas (APA) 2017 licensing round, Germany’s largest internationally active oil and gas company received shares in six licenses...
New licences for DEA in NorwayJan 17, 2018The Norwegian Ministry of Petroleum and Energy has awarded five new licenses to DEA in this year’s APA round. DEA’s Exploration Manager Svend Erik Pettersson is pleased with the results...
New DEA CEO – “Adapt and Adjust”Jan 5, 2018Maria Moraeus Hanssen announces a time for change on her first day as CEO and Chairman of the Board of Management of DEA Deutsche Erdoel AG.
Total Launches Large-Scale Development of the Giant Libra FieldDec 19, 2017Total has announced that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 kilometres off the coast of Rio de Janeiro...
Statoil Acquires 25% of the Roncador Field in Brazil and Advances its Strategic Partnership with PetrobrasDec 18, 2017Statoil ASA and Petróleo Brasileiro S.A. – Petrobras – have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil.
Petrobras and ExxonMobil Form Strategic AllianceDec 15, 2017Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
DUC Partners Approve the Largest Ever Danish North Sea InvestmentDec 4, 2017Maersk Oil has announced that the Danish Underground Consortium (DUC) has approved an investment of approximately DKK 21 billion in the full redevelopment of the Tyra gas field.
Half of Oil and Gas Firms Confident for the First Time in 4 YearsDec 1, 2017Contractor confidence in the UK Continental Shelf (UKCS) has risen with almost half being more confident about their prospects for the first time since 2013, according to a new industry report.
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Statoil Awarded Exploration Licence Onshore ArgentinaDec 1, 2017As part of the Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration licence as operator in the Neuquén basin.
ExxonMobil Starts Production at Hebron FieldNov 29, 2017Exxon Mobil Corporation has announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day.
Eight Energy Companies Commit to Reduce Methane Emissions Within Natural Gas IndustryNov 24, 2017BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall have committed to further reduce methane emissions from the natural gas assets they operate around the world.
World Energy Outlook 2017 – World in TransformationNov 14, 2017According to the World Energy Outlook 2017, the resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system...
Statoil Inaugurates Norway’s First Remote-Operated from Land PlatformNov 10, 2017On Thursday 9 November, the opening of the Valemon control room was celebrated at Sandsli in Bergen. Valemon will be the first platform in Statoil’s portfolio to be remote-controlled from land.
Market for Digitalization in Energy Sector to Grow to USD 64 billion by 2025Nov 8, 2017New energy innovations will be centred on digital technologies and the strategic use of data, according to new research published by Bloomberg New Energy Finance (BNEF).
New Gas Module at Troll CNov 7, 2017The partners in the Fram licence have decided to invest in a new project to increase production from the Fram field in the North Sea. The decision is taken in agreement with the partners in the Troll licence.
Chevron Partners with Microsoft to Fuel Digital Transformation from the Reservoir to the Retail PumpOct 31, 2017Chevron Corporation has announced a 7-year partnership with Microsoft Corp., establishing the company as Chevron’s primary cloud provider, accelerating the application of advanced technologies including...
Major Employment Report Shows Signs of Returning Confidence in the Oil and Gas MarketOct 27, 2017Industry survey of 10,000 respondents shows that almost 60% of employers expect to recruit significantly over next 12 months and that almost half of employers expect salaries to rise.
Neuquén Province Approves ExxonMobil’s Investment Plan for Los Toldos I South BlockOct 26, 2017ExxonMobil has announced that the Neuquén Province government has approved the investment plan for the development of a 35-year unconventional exploitation concession in the Los Toldos I South block.
ExxonMobil Acquires Crude Oil Terminal to Serve Growing Permian Basin ProductionOct 19, 2017Exxon Mobil Corporation has announced that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP.
2-Year Contract for Ultra-Deepwater Drillship Deepwater InvictusOct 18, 2017Transocean Ltd. has announced that the ultra-deepwater drillship Deepwater Invictus was awarded a 2-year contract plus three 1-year priced options with a subsidiary of BHP Billiton.
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