More than 5000 jobs have been lost in the UK North Sea sector and more losses are likely, the CEO of trade body Oil & Gas UK says. Deirdre Michie, Oil & Gas UK’s recently appointed CEO, told reporters during a briefing in Aberdeen that this is a challenging time for the industry…
Brazilian giant Petrobras encountered light oil pay at the second appraisal well at its Carcará pre-salt discovery offshore Rio de Janeiro, according to partner Queiroz Galvão Exploração e Produção (QGEP). ODN II…
Producing oil and natural gas safely and responsibly in the Arctic will strengthen America’s economy and national security, API said in comments to proposed regulations for operations offshore Alaska. Image from CGG…
China National Offshore Oil Corp. (CNOOC) discovered a mid-sized oil find at Liuhua 20-2 in the eastern South China Sea. Oil was found at the LH20-2-1 well, located at the Liuhua 20-2 structure in Northern Slope Belt of Baiyun Sag in…
Anadarko shows its largest spar facility, Lucius. In this video, Anadarko explains the process of Lucius and what it has taken to get the project to where it is today, including its 25-day journey to the Lucius oil field located in the Keathley Canyon Block…
A review of resources on the Norwegian Continental Shelf shows that the current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005. Further, it presume that more oil remains to be discovered, according…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has laid four charges against the consortium behind the Hibernia field after an oil spill. The charges were made against the Hibernia Management and Development…
Non-OPEC liquids growth potential of 5.5 MMb/p over the next five years has been reduced by over 2 MMb/d to 3.3 MMb/d, according to forecasts by energy analysts Rystad Energy. The Norwegian firm’s research shows investments in oil and gas production are estimated to drop 20% in 2015…
OMV's Maari MR7A development well is now online offshore New Zealand, according to joint venture partner Cue Energy. Map of PMP 38160. From Cue. The Maari MR7A well is located in PMP 38160 in the Taranaki basin…
ExxonMobil confirmed a significant oil discovery on the Stabroek Block found 120mi offshore Guyana. The well, spud on 5 March 2015, was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana, and encountered more than…
The oil and gas industry needs to focus on cost and competitiveness to thrive in the current low-oil-price environment, says Australian Petroleum Production & Exploration Association (APPEA) Chairman Martin Ferguson. His comments were echoed by Roy Krzywosinski…
Gregory Hale highlights the importance of both safety and following proper security protocols. The April Pemex blast on a dehydration and pumping platform in the Gulf of Mexico showed that incidents will happen in a dangerous environment…
Erin Energy Corp.’s Oyo-8 well located in OML 120 offshore Nigeria has exceeded expectations and is currently producing at a stabilized rate of 7080 b/d. Erin Energy is the operator and has a 100% interest in the well. Oyo-8 flare up…
BP has appointed a former MI6 chief to its board of directors, the firm announced this morning. Former Chief of UK Secrete Intelligence Service MI6, Macro Advisory Partners chairman Sir John Sawers (pictured left) has been appointed a non-executive director of the oil major…
Premier Oil is planning to make sanction decisions on its Falkands Sea Lion and Norwegian Vette developments in 2016, the operator said this morning. The plans come as the firm says it is making “improved progress” on the completion…