The US Energy Information Administration (EIA) estimates US total crude oil production averaged 8.3MM bbl/d in April—making it the highest monthly average production since March 1988. US total crude oil production, which averaged 7.4MM bbl/d in 2013…
Doubt still hangs over Statoil’s Barents Sea Johan Castberg project after the firm made an oil and gas discovery in its fifth and final exploration program around the field. The latest well, 7220/7-3 S, was on the Drivis prospect in production license (PL) 532…
The Petroleum Exhibition & Conference of Mexico (PECOM) recently celebrated its 20th year. The location in Villahermosa, Tabasco’s state capitol, is fundamental to the continuing success of the conference and convenient for many PEMEX personnel…
Transparency Market Research has released a new market report titled 'Enhanced Oil Recovery (EOR) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2023,' that defines and segments the enhanced oil recovery…
Russian President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil today. Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, shipped the first 70,000 tonnes of oil by tanker from the Prirazlomnoye platform…
The US Bureau of Ocean Energy Management (BOEM) will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico planning area…
The Platform Services division of global drilling and engineering company KCA Deutag agreed on a multi-million dollar contract with ExxonMobil Canada Properties for work on the Hebron heavy oil development project. The contract for drilling…
Statoil and its partners have made a 20-75MM boe gas and oil discovery in the Valemon Nord prospect in the Norwegian sector of the North Sea. The discovery wells 34/10-54 S and 34/10-54 A, in production license 050, drilled by the semisubmersible drilling rig Transocean Leader…
Dragon Oil says drilling on the Cheleken Contract Area in Turkmenistan has been delayed and will be weighted towards H2 this year, with a total 14-16 wells due to be drilled. The Cheleken Contract Area covers about 950sq km and comprises two offshore oil and gas fields…
A third well is now producing in the Sapinhoá field, Petrobras announced, in keeping with the target date given when its preceding well was brought onstream in February. Well 7-SPH-04-SPS, which lays in 2120m of water on Block BM-S-9 of the Santos basin presalt region…
The US Energy Information Administration’s new “Today in Energy” brief looks at how US oil imports were down in 2013, but the share of imports last year from the United States' top three foreign oil suppliers—Canada, Saudi Arabia, and Mexico—was the highest in at least four decades…
Lukoil Overseas completed drilling on its first offshore exploration well, Capitaine East-1X, at block CI-101 in the Republic of Côte d'Ivoire, the Russian company announced 2 April 2014. The well penetrated through 140m of sandstone from a Turonian formation…
A joint venture (JV) comprising two companies, both led by former BP group chief executives, has agreed to buy stakes in two blocks offshore Angola. The JV has been formed by Genel Energy, whose chief executive is ex-BP exec Tony Hayward (pictured right)…
Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) cleared Statoil to enter the São Bernardo discovery in Espírito Santo (pictured, image courtesy Statoil), the Norwegian company announced. The São Bernardo oil discovery…
Repsol and Indra have jointly developed a water-based hydrocarbon leak early detection system, the companies announced on 26 March 2014. The system, called HEADS (Hydrocarbon Early Automatic Detection System) has successfully completed testing at the Repsol Industrial Complex in Tarragon…
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