Oil News


Sea Lion complex contains 500 MMbbl plus

May 17, 2016

An independent reserves report has estimated the Falklands Greater Sea Lion Complex operated by Premier Oil to contain more than half a billion, or more than 500 MMbbl, of 2C or contingent resources. When gas is added to the total, the estimate rises to 747 MMboe…

Source of Shell leak identified

May 13, 2016

The source of a leak that spilled 2100 bbl (88,200 gallons) of crude oil into the US Gulf of Mexico around Shell's Glider field has been identified, the US Bureau of Safety and Environmental Enforcement announced on 13 May. On-site investigators…

India to auction 67 fields

May 11, 2016

India will auction 67 small oil and gas fields on 25 May that will test some of the key policy changes introduced by the government in the upstream sector, local media The Economic Times reported. The fields previously held by ONGC and…

North Sea drilling outlook remains bleak, says Awilco

May 11, 2016

Drilling contractor Awilco Drilling posted zero revenues for Q1 this year and a net loss of US18.7 million, thanks to one rig being out of work and another undergoing work. While the firm has work for one of its two semisubmersible rigs…

Rosneft spins bit under Sea of Okhotsk

May 11, 2016

Russian oil giant Rosneft has started drilling on the Lebedinskoye oil and gas condensate field, which sits under the Sea of Okhotsk, in Sakhalin region, Russia. It will drill a 5.3km-long, horizontal extend-reach well, drilled from the coast of Sakhalin Island…

Lessons from the automotive industry, or how oil can learn from Lutz

May 09, 2016

OE readers won’t need much reminding of the parlous state in which oil and gas currently finds itself. That’s particularly the case here in the North Sea where the price slump is compounded by dwindling reserves and high operating costs.  By contrast…

OTC16: Attendance down 28%

May 09, 2016

More than 68,000 people from 120 countries attended this 2016 Offshore Technology Conference (OTC) in Houston, according to data from the organizers. The numbers were down 28% on 2015, which saw 94,700 attendees from 130 countries, and down 37% on the 46-year high notched up in 2014…

Contradictions in Saudi policy

May 09, 2016

The end of March saw a resolution reached between Kuwait and Saudi Arabia for the resumption of production from the Khafji field – located in the Arabian Gulf. The project was shut-in by the Saudis in October 2014 due to environmental regulation breaches…

Energean eyes 10,000 b/d Greek barrels

May 04, 2016

Production from the Prinos and Prinos North oil fields, offshore northeast Greece has exceeded 4000 b/d, a two fold increase compared to the 2000 b/d produced before the start of an ongoing investment program, according to operator Energean Oil & Gas…

First oil flows from Aje, Nigeria

May 04, 2016

First oil has been achieved from the Aje field, offshore Nigeria, according to field partner Panoro Energy. The field is in OML 113, in the western part of Nigeria in the Dahomey Basin, and operated by Yinka Folawiyo Petroleum Company…

Oil & Gas UK restructures

May 03, 2016

Oil & Gas UK has announced a new organisational structure, following a thorough business review. The revised business model is designed to make sure the leading trade association is in the best shape possible to promote and serve its…

Small is beautiful

May 01, 2016

Tapping small fields and coming up with economic early production system solutions offers engineers an interesting challenge. Elaine Maslin reports. Amplus’ VPU. Image from Amplus.  There…

Tullow to resume at Jubilee, after production falls

Apr 28, 2016

Tullow Oil’s production levels fell some in Q1, following issues at its Jubliee field, offshore Ghana, which the company said is due to resume operations in the next few days. Image of the FPSO Prof…

Byron to deepen SM71-1

Apr 27, 2016

Byron Energy will further its efforts at the SM71-1 well in the Gulf of Mexico after encountering the presence of oil in three intervals, according to partner Otto Energy. A quad combo porosity logging run has been acquired and 7 5/8in…

Mubadala hits twice at Manora

Apr 27, 2016

Mubadala Petroleum encountered oil at two wells in the Manora field, offshore Thailand. Map from Mubadala. The Atwood Orca jackup drilled wells MNA-15 and MNA-16 wells to final total depths of 2566m and 2998m…

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