Mexico is one of the largest producers of petroleum and other liquids in the world, the fourth-largest producer in the Americas after the United States, Canada, and Brazil, and an important partner in US energy trade. In 2014, Mexico accounted for 781…
A hike in Petróleo Brasileiro’s (Petrobras) average production in oil and natural gas, in addition to pre-salt for the month of August set historic records for the Brazilian giant. Oil. Image from Petrobras…
Karoon Gas Australia is revising its previous estimates of the Kangaroo field in the Santos basin offshore Brazil that decreases its 2C resources by nearly 39%. The Australian company is also estimating its Echidna’s light oil gross contingent 2C resource volume to be of 75 MMbbl…
Africa-focused Tower Resources announced the signing of the shallow water Thali (formerly known as Dissoni) production sharing contract (PSC), offshore Cameroon. The PSC signing ceremony took place on 15 September 2015 at the offices of Société Nationale des Hydrocarbures (SNH) in Yaoundé…
Trelleborg’s engineered products operation fast-tracked the manufacture, testing and delivery of its floatover mating technology for a major oilfield project in the South China Sea, in just four months. This allowed the stalled project to quickly and safely commence installation…
ExxonMobil subsidiary Esso E&P Nigeria started oil production earlier than planned at the Erha North Phase 2 deepwater subsea development project, offshore Nigeria. Esso North subsea structures…
Day 1 opening plenary on “How to Inspire the Next Generation,” featuring: Professor Brian Cox; Keisuke Sadamori, IEA; Liz Rogers, Head of Environment and Social Responsibility, BP; Simon Bittleston…
Ahead of tomorrow's (15 September) congressional hearing in New Orleans, API highlighted the importance of offshore oil and natural gas development to the region's economic development. Image from EMGS…
Karoon Gas Australia has announced that the company has received written notification from the Brazilian oil and gas regulator, the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP), advising that the revised appraisal plan (PAD) for Karoon’s 65% owned Santos basin blocks…
When the oil price drops, people want to know how long the decline will last and when it will go back up. Manouchehr Takin, a London-based international oil and energy consultant, tried to make sense of the economic side of low oil prices at yesterday’s SPE Offshore Europe breakfast briefing…
Husky Energy has commenced production from a second oil well at the South White Rose extension drill center offshore Newfoundland and Labrador. The two wells are expected to ramp up to a combined net peak production of 15,000 b/d. South…
The continued low oil price has led to some 5500 job losses in the UK North Sea since late 2014, according to new figures released by the Oil and Gas Authority today. The organization, a new independent regulatory body, set up earlier…
Amidst the gloomy days of August when Brent Crude bottomed out at $42/bbl, the acquisition of Cameron by Schlumberger (US$14.8 billion) took place as one of the largest mergers in the oil patch, following the tie-up of Halliburton and Baker Hughes ($32 billion) in November 2014…
Norway's official statistics organisation, Statistics Norway, has predicted that oil prices are set to remain low and only gradually increase to around US$60 in 2018. The organization said yesterday that low spending will also result in a drop in investment of almost 33% from 2013 to 2018…
Nigerian operator Yinka Folawiyo Petroleum (YFP) has hit hydrocarbon pay at the Aje-5 production well on the OML 113 license, offshore Nigeria, according to partner Panoro Energy. Aje is an offshore field located in the western part of…
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