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The embattled crude oil and natural gas industry worldwide has slashed capital spending to a point below the minimum required…
Published in OE Press: 2016 / June
Statoil made two oil discoveries in the Bay du Nord area during its 19-month exploration drilling program offshore Newfoundland, which…
Published in OE Daily: 2016 / June
Wednesday, 08 June 2016 11:29

BP: Global energy demand only up 1%

BP’s compiled data from last year has revealed that global energy consumption has slowed further, with the mix of energy…
Published in OE Daily: 2016 / June
Thursday, 26 May 2016 14:18

Mubadala fails at Thai well

Mubadala Petroleum has failed to find commercial quantities of oil at its Sri Trang-1 exploration well in the northern Gulf…
Wednesday, 25 May 2016 09:55

BP uses EOR to extend Thunder Horse life

BP has commenced a water injection project at its Thunder Horse platform in the Gulf of Mexico that will extend…
Published in OE Daily: 2016 / May
An independent reserves report has estimated the Falklands Greater Sea Lion Complex operated by Premier Oil to contain more than…
Published in OE Daily: 2016 / May
Thursday, 12 May 2016 21:21

Source of Shell leak identified

The source of a leak that spilled 2100 bbl (88,200 gallons) of crude oil into the US Gulf of Mexico…
Published in OE Daily: 2016 / May
Wednesday, 11 May 2016 08:46

India to auction 67 fields

India will auction 67 small oil and gas fields on 25 May that will test some of the key policy…
Published in OE Press: 2016 / May
Drilling contractor Awilco Drilling posted zero revenues for Q1 this year and a net loss of US18.7 million, thanks to…
Published in OE Daily: 2016 / May
Wednesday, 11 May 2016 03:47

Rosneft spins bit under Sea of Okhotsk

Russian oil giant Rosneft has started drilling on the Lebedinskoye oil and gas condensate field, which sits under the Sea…
Published in OE Press: 2016 / May
OE readers won’t need much reminding of the parlous state in which oil and gas currently finds itself. That’s particularly…
Published in OE Press: 2016 / May
Monday, 09 May 2016 02:37

OTC16: Attendance down 28%

More than 68,000 people from 120 countries attended this 2016 Offshore Technology Conference (OTC) in Houston, according to data from…
Monday, 09 May 2016 02:29

Contradictions in Saudi policy

The end of March saw a resolution reached between Kuwait and Saudi Arabia for the resumption of production from the…
Published in OE Press: 2016 / May
Wednesday, 04 May 2016 08:38

Energean eyes 10,000 b/d Greek barrels

Production from the Prinos and Prinos North oil fields, offshore northeast Greece has exceeded 4000 b/d, a two fold increase…
Published in OE Press: 2016 / May
Wednesday, 04 May 2016 03:01

First oil flows from Aje, Nigeria

First oil has been achieved from the Aje field, offshore Nigeria, according to field partner Panoro Energy. The field is…
Published in OE Press: 2016 / May