Production Starts at ByrdingJul 31, 2017Statoil and its partners have started production on the Byrding field as planned. Recoverable volumes in Byrding are estimated at a good 11 million barrels of oil equivalent.
MOL Group Partners with Evonik and thyssenkrupp for Key Strategic InvestmentJul 21, 2017MOL Group has entered into key contracts related to core technologies of the Polyol Project, which was announced in 2016 as part of the first investment cycle of the MOL 2030 long-term strategy.
Panoro Announces Dussafu Oilfields Development DecisionJul 18, 2017Panoro Energy ASA has announced that Pan Petroleum Gabon B.V. (a fully owned subsidiary of Panoro) has approved the operator’s proposed work program and budget to move forward...
Total Commences Operations on Al-Shaheen Oil Field Alongside Qatar PetroleumJul 12, 2017Total and Qatar Petroleum will take over the operatorship of the giant Al-Shaheen offshore oil field for a period of 25 years beginning July 14, 2017.
Statoil to Recruit Skilled Workers to All FieldsJul 12, 2017Statoil plans to recruit more than 50 skilled workers annually in the years ahead to ensure that the company has the right competence and capacity on the Norwegian continental shelf.
S&P Global Platts – OPEC June Output at 32.49 Million b/d to Six-Month HighJul 7, 2017The Organization of the Petroleum Exporting Countries (OPEC) members’ crude output rose 500,000 b/d to 32.49 million barrels per day compared to May, according to the latest S&P Global Platts survey.
Petrobras to Consider Listing Distribuidora (BR)Jun 23, 2017The Petrobras Executive Board has given the go-ahead for examining a possible Initial Public Offer (IPO) for wholly-owned subsidiary Petrobras Distribuidora S.A. (BR), to list it on the B3 (formerly BM&FBOVESPA) stock exchange...
Green Light for Njord and BaugeJun 21, 2017The plans for development and operation (PDO) of Njord and Bauge in the Norwegian Sea have now been approved by the authorities.
BP Celebrates 40 Years of Production at Prudhoe BayJun 21, 2017The BP-operated Prudhoe Bay oil field in Alaska has reached 40 years of production, a milestone highlighting its historic contribution to US energy security and ongoing role as a key economic engine...
Cairn Secures New Licences in Mexico Bid RoundJun 21, 2017Cairn has announce it has secured interests in two licences in the Mexico offshore bid round.
More Research on CO2 Reduction and DigitalisationJun 19, 2017Statoil’s new technology strategy intensifies the company’s research on CO
2 reduction and digital solutions. “Statoil wants to be in the forefront of the development...
BP and Reliance Industries to Progress and Expand PartnershipJun 16, 2017Reliance Industries Limited (RIL) and BP have announced that they are moving forward to develop already-discovered deepwater gas fields, bringing new gas production for India.
Buchan Oil Production Vessel to be Decommissioned in ShetlandJun 5, 2017After 36 years and almost 150 million barrels of oil, the
Buchan Alpha facility in the UK North Sea ceased production, as planned, on 12 May 2017.
Petrobras April Production of Oil and Natural GasMay 18, 2017Petrobras total production of oil and natural gas in April stood at 2.72 million barrels of oil equivalent per day (boed), including 2.60 million boed produced in Brazil and 120,000 boed produced abroad.
Statoil Transfers Polarled Pipeline to GasscoMay 5, 2017Statoil transferred the operatorship for the Polarled pipeline to Gassco on 1 May. The 482-kilometre pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna in Møre og Romsdal was delivered NOK 4.5 billion below budget.
Petrobras February Oil and Natural Gas ProductionMar 15, 2017Petrobras’ oil and natural gas production in February totaled 2.82 million barrels of oil equivalent per day (boed), with 2.703 million boed produced in Brazil and 113,000 boed abroad.
US DoE Announces Contract Awards for Sale of Strategic Petroleum Reserve CrudeMar 13, 2017The US Department of Energy’s (DOE) Office of Fossil Energy has announced contracts have been awarded from the recent sale of Strategic Petroleum Reserve (SPR) crude oil.
Brazil Announces Measures to Encourage Increased Investments in Oil and Gas SectorsMar 13, 2017The Brazilian federal government has announced a new policy to enhance and encourage investment in the oil and gas area in Brazil.
By Peter Howard Wertheim & Dayse Abrantes
ExxonMobil Plans Investments to Expand Manufacturing in US Gulf RegionMar 7, 2017Exxon Mobil Corporation is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of USD 20 billion over a 10-year period to take advantage of...
Total and Petrobras Seal their Strategic AllianceMar 2, 2017Petrobras and Total inform that they have signed yesterday definitive contracts in relation to the package of assets contemplated in the Strategic Alliance...
ExxonMobil Announces 2016 ReservesFeb 23, 2017Exxon Mobil Corporation has announced proved reserves were 20 billion oil-equivalent barrels at year-end 2016, inclusive of a net reduction of 3.3 billion oil-equivalent barrels from 2015.
Prolonged Low Oil Prices Force NOCs to Rethink Their Business ModelsFeb 17, 2017National oil companies (NOCs) are under pressure to evolve from a volume to value business model in a lasting low oil price environment, according to the EY report...
Statoil to Phase Out Combined Heat and Power Plant at MongstadFeb 16, 2017Statoil has decided to phase out the combined heat and power plant (CHP) at Mongstad following several years of unprofitable operations. The other operations at the complex will continue as before.
Exploration Portfolio ExpansionFeb 8, 2017MOL Group has expanded its exploration portfolio by acquiring new licenses in Hungary and Norway.
