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.
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.
Petrobras Oil and Natural Gas Production in OctoberNov 14, 2016Petrobras has announced that its total oil and natural gas production in October was 2.81 million barrels of oil equivalent per day (boed)...
Start-Up of Production from Viper and KobraNov 11, 2016Aker BP has announced the start-up of production from Viper-Kobra, which is tied back to the Alvheim FPSO. The project is developed on time and within budget.
BP and Partners Sign Concession Amendments and Reach Record Production at NoorosSep 29, 2016BP has announced it has signed with His Excellency the Egyptian Minister of Petroleum, Eng. Tarek El Molla, concession amendments for the...
Statfjord Passes Historic 5 Billion BarrelsSep 20, 2016On Monday 19 September minister of petroleum and energy Tord Lien together with Statoil, Centrica and ExxonMobil celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first oil in 1979.
Shell Starts Production at Stones in the Gulf of MexicoSep 8, 2016Shell has announced that production has started from the Stones development in the Gulf of Mexico. Stones is expected to produce...
Fram C East Starts Production to the Troll C PlatformAug 25, 2016A simple, smart concept and increased drilling efficiency have shaved some NOK 200 million off the capital expenditures of this already resilient development project after the investment decision, reports Statoil.
Total Starts Up Production at Incahuasi Gas FieldAug 3, 2016Total has put on stream the Incahuasi gas and condensate field, the Group’s first operated development in Bolivia, with a production capacity of...
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...
Chevron Approves Next Major Tengiz Expansion Project in KazakhstanJul 6, 2016Chevron Corporation has announced that its 50% owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project...
Statoil Completes Transaction In UK License for Utgard FieldJun 28, 2016On 22 June 2016, Statoil and JX Nippon completed their previously announced transaction, whereby Statoil has acquired JX Nippon’s 45% equity share in, and operatorship of...
Total Obtains 25-Year Interest In The Giant Al-Shaheen Field ConcessionJun 28, 2016Total has signed an agreement with Qatar Petroleum, granting the Group a 30% interest in the concession covering the offshore Al-Shaheen oil field for a period of 25 years...
Positive Development Well results in NW Gemsa, EgyptMay 21, 2016SDX Energy Inc., an oil and gas exploration and production company with assets in Egypt and Cameroon, has recently completed Al Amir SE 24 (AASE-24) development well in...
S&P Global Platts: OPEC Pumped 32.52 Million Barrels of Crude Oil Per Day in AprilMay 12, 2016Oil production from the Organization of the Petroleum Exporting Countries (OPEC) soared by 140,000 barrels per day (b/d) to 32.52 million b/d in April...
Production Reaches 65,000 boed at Nooros FieldMay 12, 2016Eni reports that, following the start of production of the Nidoco North 1X exploration well and the Nidoco North West 4 development well, it has brought the production of Nooros field...
Oil and Natural Gas Production in AprilMay 7, 2016Petrobras total oil and natural gas production in April amounted to 2.69 million barrels of oil equivalent per day (boed), of which 2.50 million boe were produced in Brazil...
Production Increase at Prinos and Well PA-36 SpuddedMay 5, 2016Energean Oil & Gas has announced that total production of the Prinos and Prinos North oil fields, offshore NE. Greece, has exceeded 4,000 barrels per day...
Production at Julia Oil Field in the Gulf of Mexico StartsApr 20, 2016Exxon Mobil Corporation has reported that oil production has started under budget and ahead of schedule at the Julia oil field in the Gulf of Mexico.
Overcoming the Challenges of Heavy Oil ProductionApr 11, 2016Some of the world’s largest oil reserves are heavy oil reservoirs. Production of these reservoirs presents significant economic and technological challenges...
Horse Hill-1 Oil Discovery Produces Significant Oil Flows to SurfaceApr 8, 2016NUTECH, provider of reservoir characterisation and intelligence, has announced that the third phase of the flow test for the major international oil discovery it identified in a report to UK Oil & Gas Investments PLC (UKOG)...
Shell Delivers More Brazil Deepwater ProductionMar 15, 2016Shell and its joint venture announce the start of oil production from the third phase of the deepwater Parque das Conchas (BC-10) development in Brazil’s Campos Basin.
Eni Starts Goliat ProductionMar 15, 2016Eni has reported the start production on the Goliat field, located 85 kilometres northwest of Hammerfest, within Production License 229, in a ice-free area in the Barents Sea off Norway.
Lonestar declares 30% increase in proved reservesFeb 29, 2016Lonestar Resources Ltd. Says that its proved reserves as of December 31, 2015 were 40.2 million barrels of oil equivalent (MMBOE), an increase of 30% over year end 2014 proved reserves of 31.0 MMBOE.
