Malaysian oil and gas exploration and production company Hibiscus Petroleum is aiming to double its oil output in the United Kingdom and Malaysia to 20,000 barrels per day (bpd) by 2021, a senior company executive said on Thursday.It needs an…
Austria's OMV started production at Abu Dhabi's SARB and Umm Lulu's offshore oil fields, expecting to produce 25,800 barrels per day by year-end, it said on Thursday.The gas and oil group took a 20 percent interest in the two oilfields off the United Arab Emirates under a $1…
Brazil's Petroleo Brasileiro SA will build its own oil platforms again from 2023, regardless of who wins the presidential election next month, an executive at the state-run oil company said.Petrobras' 2019-2023 business plan, set to be released in December…
Brazil's most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday…
U.S. oil group Chevron has a potential buyer for its stake in one of the UK North Sea's biggest oil and gas developments, a company spokeswoman said on Wednesday.The sale of its 40 percent stake in the Rosebank project would mark Chevron's complete…
A total of 30 oil and gas discoveries were made in Q3 2017. Of these, 18 were conventional oil, one was heavy oil, one was unconventional gas, and the remaining 10 were conventional gas, according to analytics firm GlobalData. Among countries…
Global high-impact* exploration in 2017 is expected to match 2016 in both activity and success rates, and with a marked improvement in commercial oil volumes discovered and lower finding costs. High impact drilling commercial success…
Hyperdynamics will seek a two-year appraisal period to test the Fatala prospect area for commercial resources, but will go solo after partner South Atlantic Petroleum (Sapetro) decided to withdraw from the joint operating agreement (JOA)…
Cairn Energy has discovered hydrocarbons at its SNE North-1 wildcat well offshore Senegal, as well as oil in a deeper secondary objective, marking the end to the company’s five-well drilling campaign for the year. Map of the SNE field…
Talos Energy's Zama-1 exploration well, which made the 'world class' Zama discovery, has failed to find further volumes in a deeper target. Zama-1 is being drilled in 166m water depth, in Block 7 in the Sureste Basin, about 37mi (60km) off Tabasco…
Wood Mackenzie recently published a comparison of Wood Mackenzie’s Energy View to 2035, versus similar outlooks published by the International Energy Agency (IEA NP), BP, and ExxonMobil. Some key points: All forecasts expect energy demand growth through 2035 – however…
Husky Energy has firmed up plans for its West White Rose Project offshore Newfoundland and Labrador with first oil set for 2022, while announcing a new discovery at Northwest White Rose. The SeaRose FPSO…
Cairn Energy’s latest SNE well offshore Senegal, SNE-6, has proved to be successful, with the confirmation of good connectivity with the SNE-5 well. Map of Senegal, from Cairn. Cairn…
Petróleo Brasileiro (Petrobras) started production from the Lula Sul field offshore Brazil with the P-66 floating production and storage offloading (FPSO) unit. Image from Petrobras Twitter. Lula…
In Westwood Global Energy Group’s (WGEG) eighth annual State of Exploration Report, the private equity firm expects a brighter outlook with exploration efficiencies starting to deliver results. The…
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