Brazilian oil production increased to 2.77 million barrels per day (bpd) on average in July, up 7% from a year earlier, local oil and fuels regulator ANP said on Monday.Natural gas production also increased by 7% in July from the same month last year to 124 million cubic meters…
Liquefied natural gas producer ConocoPhillips announced new production sharing contracts with East Timor for the ageing Bayu Undan gas field on Saturday, following the implementation of a new maritime border with Australia.The gas condensate deposit in the Timor Sea…
British energy provider SSE has kicked off the process to sell its 140 million cubic feet per day portfolio of North Sea gas fields in a single package, a sale document seen by Reuters showed.SSE said in May it was looking to sell its gas production assets…
Norwegian energy company Equinor said it has completed the sale of shares in Swedish independent Lundin Petroleum and acquisition of greater interest in the giant Johan Sverdrup field offshore Norway following all conditions being met, including government and regulator approvals…
Norway's Johan Sverdrup field could begin oil shipments in October, earlier than the scheduled November start, an Equinor spokesman said on Friday, adding that oil market participants had been notified.The startup of production at Sverdrup, the largest North Sea discovery in more than three decades…
The new discovery offshore Equatorial Guinea’s Block 1 by US-based exploration and production company Noble Energy puts the West African country on the road to reversing declining oil and gas output should the project be turned into a viable commercial venture…
Panoro Energye announced an 89% increase in 2P oil reserves at the Dussafu Production Sharing Contract (Dussafu PSC), offshore Gabon.A mid-year update report from independent reserves auditor Netherland, Sewell & Associates Inc. (NSAI) on certain…
Private-equity backed Neptune Energy reported an operating cash flow of $613 million for the first half of the year, up around 5% from a year earlier, as the potential stock market debutante eyes 2019 output of up to 155,000 barrel of oil equivalent…
China's national offshore producer CNOOC Ltd reported a near 19% rise in first-half profit on Thursday, as higher sales of oil and gas offset weaker global oil prices.The listed arm of state-owned China National Offshore Oil Corp said that it…
Norway's Troll gas field, the country's largest gas export source to Britain and continental Europe, will see its output availability cut by 1.8 billion cubic meters (bcm) in 2020, early maintenance estimates showed on Wednesday.The estimates…
The success of a drilling operation hinges upon finding the right solutions for a specific site. As fluids have different base liquids, chemical additives and diverse physical characteristics, they can behave differently in varying environments…
Finance — or at least project economics based on long-term commodity prices — appear to be factors limiting a surge in investments in floating liquefied natural gas (FLNG) a new study by U.S.-based numbers cruncher, World Energy Reports, revealed Monday…
In June, independent global completions service company Tendeka announced it had secured the world’s largest sand and inflow control contract for the Troll field on the Norwegian continental shelf (NCS).The four-year contract with Equinor will…
Following a “Gulf of Mexico way” of project execution strategy, standardizing equipment, opting for subsea solutions where possible and focusing on efficient drilling methods is saving $1.3 billion on the Equinor-operated Peregrino Phase 2 heavy oil project offshore Brazil…
Oil and gas explorer Woodside Petroleum said it started producing oil from the $1.9 billion Greater Enfield project off western Australia on Sunday.Reuters reported last month that commissioning activities at the field had started.Production…