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OE Daily: 2018 / January

Thursday, 18 January 2018 09:44

Venezuela's Oil Output Plummeted in 2017

Venezuela''s oil production fell nearly 13 percent last year according to figures released by OPEC on Thursday, hitting a 28-year annual low that suggested a…
File Image (CREDIT: AdobeStock / (c) scanrail) As U.S. oil output is poised to overtake Saudi Arabia, Venezuelan oil output is at 30-year low -…
Commodities trading house Trafigura said on Tuesday it signed a new agreement with Plains All American Pipeline to transport 300,000 barrels of crude oil per…
Wednesday, 24 January 2018 09:29

Big Oil Flush With Cash Again, But No Party Yet

The world''s top oil companies are expected to generate more cash in 2018 than at any other time this decade after three painful years of…
Thursday, 25 January 2018 08:00

Oil Hits $71 for First Time Since 2014

File Image (CREDIT: AdobeStock / (c) scanrail) Brent reaches $71.20, highest since December 2014; U.S. crude inventories fall for a record 10th straight week.   Oil…
Friday, 26 January 2018 08:13

Shell in Buying Spree for Clean Energy

File Image (CREDIT: AdobeStock / (c) Tomasz ZAjda) Shell spends $400 mln in recent weeks on renewables, power.   Royal Dutch Shell has spent over…
The revolution in U.S. shale oil has battered Canada''s energy industry in recent years, ending two decades of rapid expansion and job creation in the…
Norwegian major Statoil has awarded a contract for a permanent reservoir monitoring (PRM) system on the giant Johan Sverdrup field offshore Norway.  France-based Alcatel Submarine…
The highest number of licenses ever have been awarded in Norway's latest licensing round, with 75 licenses awarded to 19 operators, led by Norwegian major…
French oil major Total and Brazilian national Petrobras have finalized the US$1.95 billion transfer of interests in the pre-salt Santos Basin from Petrobras to Total.…
Shell has reach final investment decision on its Penguins fields redevelopment in what will be its first new manned installation in the northern North Sea…
Monday, 15 January 2018 09:17

Updated: ONGC helicopter crash kills 7

The bodies of five senior Oil and National Gas Co. (ONGC) staff and one of their helicopter pilots have been recovered followed a crash offshore…
Thursday, 11 January 2018 16:03

Zama appraisal to begin late 2018-19

Premier Oil announced in its trading and operations update that it is working with joint venture partners Talos Energy (operator) and Sierra Oil & Gas…
Thursday, 11 January 2018 15:26

Rockhopper: Sea Lion sanction by end of 2018

UK-based explorer Rockhopper says the Premier Oil-operated Sea Lion project, offshore the Falkland Islands, is moving towards sanction by year's end.  Sea Lion schematic Phase…
Wednesday, 10 January 2018 17:21

Tullow adds acreage off Peru

Tullow Oil has picked up six licenses offshore Peru, spanning 28,000sq km, the UK-based firm confirmed today (10 January). Map of Peru blocks. Image from…
Wednesday, 10 January 2018 03:57

Florida cut from future offshore drilling

Just days after announcing the US would make 90% of the country's Outer Continental Self (OCS) open to future oil and gas lease sales, US…
Monday, 08 January 2018 17:43

Israel's Delek to explore US GoM

Israel's Delek Group is setting the firm's exploration sights on US offshore, particularly in the shallow waters of the Gulf of Mexico. The firm announced…
Friday, 05 January 2018 16:51

Exxon touts further Guyana success

The sixth time seems to be the charm for Exxon and its partners at the Stabroek block offshore Guyana. The supermajor is celebrating another large…
Friday, 05 January 2018 09:39

Propelling UK subsea innovation

Elaine Maslin profiles subsea organization National Subsea Research Initiative (NSRI)  and its current work as it prepares for a change in leadership (first published in the…
A law suit brought by environmental campaigners against the Norwegian Government over its decision to award production licenses in the Barents Sea as part of…
US Secretary of the Interior Ryan Zinke unveiled a draft proposed program (DPP) for offshore oil and gas leasing for 2019-2024 will make available over…
Thursday, 04 January 2018 15:58

US deepwater GoM poised for comeback

A new report from analyst firm Wood Mackenzie, "Deepwater GoM: 5 Things to Look for in 2018," says costs have bottomed out and operators have…
Thursday, 04 January 2018 08:37

ExxonMobil down-mans Sable ahead of storm

ExxonMobil has down-manned facilities offshore Canada in advance of a winter storm expected to sweep through the area, says the Canada Nova Scotia Offshore Petroleum…
Tuesday, 02 January 2018 09:59

Forties pipeline now fully operational

UK North Sea Forties Pipeline System (FPS) operator Ineos says the system is now fully operational, following repairs works to a crack found in an…
2018-09-23 08:53:18pm