While Russia is continuing to pump crude oil at record levels, producing on average 10.685 MMb/d in 2015, the continuous pressure from US/EU sanctions is having an impact on the strategic course of Russian oil and gas industry, says an analyst with research and consulting firm GlobalData…
The Bulgarian Ministry of Energy awarded Shell E&P a permit for deepwater exploration of oil and natural gas in Blocks 1-14 Silistar in the Black Sea, according to Energy Minister Temenuzhka Petkova. Image from Shell…
Eni encountered gas at the Guendalina sidetrack well offshore Italy, according to partner Rockhopper Exploration. The well, located at the Guendalina gas field in the Adriatic Sea, reached its target depth of 3276m measured depth on schedule and budget…
It is 20 years since the start of oil production from the Troll field. The 20 year-old can look back on enormous wealth, with 1.56 billion bbl produced so far and US$53.76 billion (NOK 460 billion) in income. Image from Statoil…
The National Oil Corp. of Kenya (NOCK) has invited expressions of interest (EOI) from eligible companies to acquire a multi-client 3D broadband seismic survey including processing over the shallow waters of the offshore Lamu basin, Kenya…
The Santos-led GLNG project has started producing its first liquefied natural gas (LNG) on Curtis Island, Queensland, on schedule and within budget, the company said. Train 1, which welcomed its first gas in August, is producing the gas…
Statoil received consent from the PSA to drill a new production well from the Heimdal facility. The well is to be drilled using a modular drilling rig (MDR). An MDR is a modular mobile rig installed in the facility's drilling area. One has been used for permanent plugging of wells at Heimdal…
Mexico is one of the largest producers of petroleum and other liquids in the world, the fourth-largest producer in the Americas after the United States, Canada, and Brazil, and an important partner in US energy trade. In 2014, Mexico accounted for 781…
A hike in Petróleo Brasileiro’s (Petrobras) average production in oil and natural gas, in addition to pre-salt for the month of August set historic records for the Brazilian giant. Oil. Image from Petrobras…
Africa-focused Tower Resources announced the signing of the shallow water Thali (formerly known as Dissoni) production sharing contract (PSC), offshore Cameroon. The PSC signing ceremony took place on 15 September 2015 at the offices of Société Nationale des Hydrocarbures (SNH) in Yaoundé…
A new report from the US Bureau of Safety and Environmental Enforcement (BSEE) blamed the crew working Walter Oil & Gas’ South Timbalier Block 220 Well A-3, 55mi off Louisiana, for a well control incident that caused a blowout and fire onboard…
Ahead of tomorrow's (15 September) congressional hearing in New Orleans, API highlighted the importance of offshore oil and natural gas development to the region's economic development. Image from EMGS…
Japan’s INPEX Corp. announced an updated expected production start-up schedule and raised the anticipated production capacity of the Ichthys LNG project, offshore Western Australia. Ichthys layout…
In the race to first gas in East Africa, a clear frontrunner has emerged at the SPE Offshore Europe UKTI East African briefing yesterday, and that country is Mozambique, with huge finds and notable projects heating up. Image from Anadarko…
For decades, the number of large offshore resource discoveries has outstripped the onshore sector, and the significance of floating production and storage remains a distinct growth opportunity, despite oil price volatility, says Class NK…
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