Oil News


Cairn finds further Senegal success

May 18, 2017

Cairn Energy’s latest SNE well offshore Senegal, SNE-6, has proved to be successful, with the confirmation of good connectivity with the SNE-5 well. Map of Senegal, from Cairn. Cairn…

Petrobras flows at Lula Sul

May 18, 2017

Petróleo Brasileiro (Petrobras) started production from the Lula Sul field offshore Brazil with the P-66 floating production and storage offloading (FPSO) unit. Image from Petrobras Twitter. Lula…

WGEG predicts bright global outlook

May 10, 2017

In Westwood Global Energy Group’s (WGEG) eighth annual State of Exploration Report, the private equity firm expects a brighter outlook with exploration efficiencies starting to deliver results.   The…

GE upgrades ProSolv wax inhibitor

Apr 27, 2017

GE has upgraded its ProSolv WI8581 wax inhibitor for offshore and onshore oil and gas production. Wax inhibitors help producers maintain an uninterrupted flow of crude oil. GE's upgraded product is highly concentrated and winterized to improve efficiency and cost-effectiveness…

TechnipFMC, Aker bag Cara study

Apr 21, 2017

Operator Engie E&P Norge has awarded contracts to TechnipFMC and Aker Engineering and Technology for feasibility studies for the Cara project in the Norwegian part of the North Sea. The studies intend to show the potential, challenges and opportunities at an early stage of the development…

Iran plans Caspian Sea seismic

Apr 18, 2017

Geology Without Limits (GWL), working with Geological Survey of Iran (GSI) and Ministry of Mine, Industry and Trade (MMIT) are planning a 4800 km, 2D seismic, gravity and magnetic data survey in the Iranian sector of the Caspian Sea.  The…

Lundin hits oil at Edvard Grieg appraisal

Apr 11, 2017

Lundin Petroleum discovered a 15m oil column at the Edvard Grieg Southwest appraisal well in the North Sea, confirming an upside for the field. The Island Innovator, from Island Drilling.  Lundin…

Parkmead increases Sanda stake

Apr 04, 2017

Parkmead, the UK and Netherlands focused independent oil and gas group, has nearly doubled its stake in the major Sanda North and Sanda South structures in the West of Shetland area of the UK North Sea. These two large Palaeocene prospects are both located within Block 205/13…

Snadd to increase Goliat reserves

Mar 30, 2017

Eni's Goliat reserves are set to increase by 1.2 MMcm or 7.5 MMbbl, following the approval to tie in the Snadd discovery in the Barents Sea, according to the Norwegian Petroleum Directorate (NPD).  Two wells will be drilled from Goliat…

Aker BP, Faroe approve Tambar redevelopment

Mar 30, 2017

Aker BP has approved the redevelopment of Tambar in the southern North Sea that is expected to extend the production period by some 10 years. Image of Ula, from Aker BP. The plan consists of two additional wells and gas lift…

Castex sets Hummer first oil for Q3

Mar 30, 2017

Petsec Energy is estimating first production at its Hummer oil and gas field in late Q3 2017. The company provided an update on the development of field, which extends over Main Pass Blocks 270, 273 and 274, in the Gulf of Mexico, offshore Louisiana…

Cairn hits oil at VR-1 off Senegal

Mar 27, 2017

Cairn Energy has encountered oil at the Vega-Regulus (VR-1) well offshore Senegal, marking the company’s eighth successful well in the area since 2014. The Stena DrillMAX, from Stena. The…

Eni strikes oil off Mexico

Mar 23, 2017

Eni has confirmed the presence of oil in multiple reservoirs at the Amoca-2 well, the first well drilled by an international oil major offshore Mexico since the 2013 Energy Reform. Map of Area 1…

Yinka plans intervention on Aje

Feb 16, 2017

London-listed oil minor MX Oil is hoping to raise about US$6.26 million through issuing new shares to fund the work on the Aje field offshore Nigeria.  Production started from Aje, in block OML 113, last year, but has been limited by the performance of the Aje-5 well…

FAR ups Senegal resources

Feb 07, 2017

FAR Ltd. says it has identified more than 1.5 billion bbl of undrilled oil prospectivity in its acreage offshore Senegal through the interpretation of new 3D seismic data. The Stena DRILLMAX is currently drilling the SNE-5 well…

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