A new report reveals that whilst the current environment is creating opportunities for innovation, almost half of oil and gas executives admit they have fallen short of their innovation goals. The number of respondents saying they have fallen…
Eni CEO Claudo Descalzi met with Israel’s Prime Minister Benjamin Netanyahu and Energy and Water Minister Yuval Steinitz in Jerusalem today (29 October) to discuss potential joint development of natural gas in the Eastern Mediterranean as…
Chevron’s appraisal of the Anchor discovery proved successful oil pay in the Lower Tertiary Wilcox Trend, in the US Gulf of Mexico that the company says indicates a significant discovery of potentially hub class scale. Chevron's…
Noble Energy has commenced production from the Big Bend oil development in Mississippi Canyon 698 of the deepwater Gulf of Mexico. Noble and partners expect the single-well field to reach a maximum gross production rate of approximately 20…
CGG announced that it has been appointed as technical consultant by the Gabonese Republic’s Ministry of Petroleum and Hydrocarbons to help with the promotion of its 11th Licensing Round focusing on five highly prospective deepwater blocks…
The joint venture of Zarubezhneft and Petrovietnam Vietsovpetro made a commercial discovery of the Sturgeon field offshore Socialist Republic of Vietnam. Map of Block 09-3/12 (the greyed area)…
China’s CNOOC discovered a mid-sized oilfield at the Caofeidian 6-4 oil structure, offshore China. Bohai map. From CNOOC. The Caofeidian 6-4 structure is located in the western…
Abdel Fattah Al-Sisi, president of Egypt, and Claudio Descalzi, Eni’s chief executive officer, met in Cairo to discuss Eni's activities in the country. Image from Eni. During the meeting…
Genel Energy has announced the retirement of Mehmet Sepil, president of Genel, effective immediately. Sepil founded Genel Energy and was CEO from 2002 until the merger with Vallares PLC in 2011, when he became president. “[Sepil’s]…
Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.2 MMb/d in September, down 60,000 b/d from August as Saudi Arabia further reined in supply, according to a Platts survey of OPEC and oil industry officials and analysts…
Global demand growth is expected to slow from its five-year high of 1.8 MMb/d in 2015 to 1.2 MMb/d in 2016 – closer towards its long-term trend as previous price support is likely to wane, the IEA Oil Market Report for October informed subscribers…
Iran’s historic nuclear deal with six world powers was approved by the country’s parliament today (13 October) with 64% in favor of the bill, clearing a hurdle for sanctions against Iran being lifted. Iranian parliament approves JCPOA bill…
Erin Energy Corp. announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano South) has been completed in the Expanded Shallow Water Tano (ESWT) Block, located offshore Ghana. The ESWT block is operated by its subsidiary company…
Image from EIC. The Energy Industries Council (EIC) announced the appointment of its new president Chris Haynes. Haynes is a senior oil and gas industry professional with almost 40…
Resource assessments of the 2015 license round area for offshore Newfoundland and Labrador shows the potential to hold 12 billion bbl and 113 Tcf of gas in place, according to the Government of Newfoundland and Labrador, Nalcor Energy and Beicip-Franlab…
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