Crude Oil News

 

Exxon to Load First Crude from Guyana This Weekend

few minutes ago

The first-ever cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's refining system, the company told Reuters on Friday.Exxon has so far made 15 discoveries of oil reserves in Guyana, turning a risky exploration venture into one of the world's most promising oil mega-projects. The company is entitled to the first two crude cargoes to be exported from the Liza field…

Middle East: Offshore Drilling Spend Set to Soar

7 hours ago

Offshore oil and gas exploration spending in the Middle East is set to grow significantly over the next few years, as onshore resources mature and become more numbered, Rystad Energy said Friday.'The most bountiful petroleum plays in the Middle…

TAQA Taking Over as Brae Field Operator

9 hours ago

UAE-based oil company TAQA is set to take over operatorship over the Brae oil field in the UK sector of the North Sea from RockRose Energy.RockRose energy got hold of the licenses containing the Brae field last year, following the completion of the UK North Sea assets of the U…

Angola: Eni Brings Agogo Field Online

13 hours ago

Italian oil company Eni has produced first oil from its Agogo field offshore Angola, nine months after discovery.Eni brought the field online via the FPSO Ngoma located 15 kilometers from the oil field. The current output level is around 10…

Norway's December Oil Output Beats Forecast

13 hours ago

Norway's oil production rose in December from the previous month, beating official forecast by 12.7% as the ramp-up of a major new field continued, the Norwegian Petroleum Directorate (NPD) said on Friday.Output from the giant Johan Sverdrup…

Equinor OK to Use Island Wellserver for LWI

13 hours ago

Norway's Equinor has obtained regulatory consent to use the Island Wellserver vessel.The Petroleum Safety Authority Norway gave the oil company its approval to use the well intervention vessel in Norway in 2020.The consent applies to the use…

Transition or Transformation: Energy Opportunities

17 hours ago

Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia & Australia, discusses how traditional upstream oil and gas businesses are responding to this transitional period to continue to provide sustainable, affordable, reliable and safe access to energy…

Eni, Total Win Three Angola Blocks

Jan 16, 2020

Italian oil major Eni and France's Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year, the country's petroleum regulator said on Thursday.Eni and Total won operator…

Eni's Goliat Output Cut by Technical Issues

Jan 16, 2020

Technical problems cut the oil output from Eni's Arctic Goliat field off Norway by almost 40% during the first ten months of last year, although the issues have since been resolved, the Italian company's local unit told Reuters.The field, which started production in March 2016…

Oil Firms' Social License to Operate 'Under Threat'

Jan 16, 2020

The oil and gas industry might lose the social license to operate, and if it doesn't act quickly on helping solve the climate change problem, there may be no second chance.Tim Eggar, the Chairman of the UK Oil and Gas Authority (OGA) addressed…

Woodside Signals Higher Output in 2020

Jan 16, 2020

Australia's Woodside Petroleum posted a nearly 7% rise in fourth-quarter production on Thursday and forecast higher output for fiscal 2020, as it steps up work on growth projects in a bid to triple its oil and gas reserves over a decade.The…

Climate Activists Block Shell's Aberdeen Offices

Jan 16, 2020

Extinction Rebellion movements' climate protesters have blocked entry to Shell's offices in Aberdeen.'At 6.30 am this morning, ExtinctionRebellion Scotland blocked all entrances to the headquarters of the oil giant on Altens Farm Rd in the European Oil Capital Aberdeen…

Yinson: 8th Extension for Lam Son FPSO

Jan 16, 2020

Malaysian FPSO leasing specialist Yinson has signed another short-term charter extension for the Lam Son FPSO offshore Vietnam.Yinson's Vietnam JV PTSC AP on Wednesday, January 15, entered into an eighth FPSO contract extension for the FPSO with PTSC…

Tullow: No Guyana Drilling in 2020

Jan 16, 2020

London-listed oil company Tullow Oil will most likely not be drilling any wells offshore Guyana in 2020.In its trading update on Wednesday Tullow said it expected to report pretax impairments and exploration write-offs of around $1.5 billion…

Petrobras Puts Two Deepwater Assets Up for Sale

Jan 16, 2020

Brazilian oil company Petrobras is looking to sell two sets of deepwater concessions offshore Brazil.The company on Wednesday started the opportunity disclosure stage for the sale of its entire stake in the deepwater concessions Golfinho Cluster and Camarupim Cluster…

Current News

Exxon to Load First Crude from Guyana This Weekend

Exxon to Load First Crude from Guyana This Weekend

Middle East: Offshore Drilling Spend Set to Soar

Middle East: Offshore Drilling Spend Set to Soar

Saipem, Italian Police Sign Cyberattack Prevention Deal

Saipem, Italian Police Sign Cyberattack Prevention Deal

TAQA Taking Over as Brae Field Operator

TAQA Taking Over as Brae Field Operator

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