Oil News

 

Draugen: Exceeding expectations

Jun 13, 2013

Draugen was the first field developed in the Norwegian Sea 20 years ago—Shell now expects it to produce for a further 20 years, doubling its expected life span. Asset manager Odin Estensen explains how. The story of Draugen is more than just the story of a field…

W. Australia opens bid round

Jun 11, 2013

Australia's Department of Mines and Petroleum (DMP) announced a new lease sale for Western Australia. Six licenses, four onshore and two offshore, are being placed on the auction block. “In 2012, the Western Australian petroleum sector was valued at a record A$24…

Support for US offshore expansion

Jun 07, 2013

API Director of Upstream & Industry Operations, Erik Milito, said in a Wednesday press conference that there is broad and bipartisan support from the U.S. public and policymakers to expand access to offshore oil and natural gas development…

Johan Castberg on hold

Jun 05, 2013

Statoil announced it will delay an investment decision on its Johan Castberg project in the Norwegian Barents Sea due to unease regarding recent move by the Norwegian government to increase taxes on oil and gas producers. In addition to the tax rise…

Oil Recovery System

May 24, 2013

Vikoma International Ltd., an oil pollution and environmental technology firm that is part of Energy Environmental Group, launched the OPRS 300 oil pollution recovery system last month.   The OPRS 300’s patented discs attract oil…

Joint effort to boost EOR on UKCS

May 21, 2013

After more than 40 years of production in the North Sea, with declining production and an ever more complex and costly operating environment, it could be easy to view the basin with a “glass half empty” attitude. However, the industry…

PA Resources hits oil at Carla South

May 20, 2013

The Carla South I-7 ST-1 sidetrack to the I-7 exploration well in Block I has encountered oil in good quality sandstones. The sidetrack in Block I in Equatorial Guinea has reached a total measured depth of 3,460 m. Drill cuttings, wireline…

OTC.13: GE launches new BOP surface control system

May 07, 2013

GE Oil & Gas is launching its next-generation SeaONYX blowout preventer (BOP) surface control system and operator interface at the 2013 Offshore Technology Conference (OTC). Designed for high-speed, reliable performance in the demanding deepwater drilling environment…

OTC.13: Impact of Macondo report highlights risk aversion

May 06, 2013

US oil and gas professionals are losing their appetite for risk and are worried about rising operating costs, as they grapple with the consequences of a tougher, post-Macondo regulatory regime, according to new research published today by GL Noble Denton…

OTC.13: Equalizer unveils flange spread wedges

May 06, 2013

In his State of the Union speech, President Obama cited America's aging energy, oil & gas and petrochemical infrastructure as cause for concern and that steps should be taken to fix issues before breakdowns occur. Failures and unplanned downtime become an increasing possibility as refineries…

Shell's Voser to retire

May 02, 2013

The Board of Royal Dutch Shell today announced that Peter Voser, as Chief Executive Officer, has elected to retire from the Company in the first half of 2014. Peter Voser was appointed CEO with effect from July 2009 and has been an Executive Director since 2004…

Nordic awarded Danish licence

May 01, 2013

Nordic Energy PLC, a company focussed on making investments in the North Sea oil and gas sector, is pleased to announce that NikOil Limited (‘NikOil’), a private company jointly owned by the Directors of Nordic, has been awarded by the Danish Government the 3…

Total hits oil off Ivory Coast

Apr 25, 2013

Total announces that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280m of water, encountered 28m of net oil pay in a series of about 100m of Cretaceous reservoirs. The oil in the abrupt margin geological play is light 35 API oil…

NorSea Group invests in Scrabster

Apr 24, 2013

NorSea Group, the leading supplier of base services and integrated logistics systems to the Norwegian oil and gas industry, and the Scrabster Harbour Trust in Caithness have just signed an agreement which will result in major investment and new job prospects for the local economy…

IOC production falls 25% in past 12 years

Apr 23, 2013

The crude oil production of five major international oil companies: Exxon, BP, Shell, Chevron, and Total, has fallen by 25.8% over the past 12 years. This follows an historic high in 2004, when total combined crude production reached 10.76 MMbo/d…

Current News

Enauta Gets Nod for New Atlanta Field Plan. Concession Extension Granted, Too

Enauta Gets Nod for New Atlanta Field Plan. Concession Extension Granted, Too

UK Picks Offshore Wind Champion. Opens $200M Floating Wind Fund for Expressions of Interest

UK Picks Offshore Wind Champion. Opens $200M Floating Wind Fund for Expressions of Interest

Trillion Books Uranus Jack-up Rig for Drilling in Turkish Black Sea

Trillion Books Uranus Jack-up Rig for Drilling in Turkish Black Sea

Norway's April Oil Output Lags Forecasts by 10.6%

Norway's April Oil Output Lags Forecasts by 10.6%

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