Russian oil and gas company Gazprom Neft said that its Prirazlomnaya offshore platform in the southeastern Russian Barents Sea has produced its 12-millionth metric ton (13.23 MM ton) of ARCO (Arctic-blend) oil.The shipment was delivered by the…
Companies developing the huge natural gas field Leviathan will begin production on Tuesday after receiving approval from Israel's Environmental Protection Ministry, one of the project's partners said on Friday.Leviathan was supposed to begin operations on December 24…
Norway at years’ end is marking “50 years of oil” and ushering in decades more oil wealth with the go-ahead of the Balder-Ringhorn life extension project along with dozens of other life-extenders.The North Sea oilfield was the first discovered off Norway in 1967…
Russian oil company Zarubezhneft said it has signed a Production Sharing Agreement with the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, for the South East Ras El Ush (SEREU) and East Gebel El Zeit (EGZ) blocks offshore Egypt…
Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers.An ExxonMobil-led consortium…
Unlocking marginal fields in the UK North Sea has led to a project comparing a global database of fields, discoveries and prospects, to clarify strategy for license holders and the supply chain alike in petroleum basins.In 2015, a project was…
Oil and gas producer Woodside Petroleum Ltd said on Tuesday it has signed an agreement to supply liquefied natural gas (LNG) to German utility Uniper SE for 13 years starting 2021.Under the agreement, Woodside said it would initially supply up to 0…
Magseis Fairfield announced Norwegian energy company Equinor had awarded four-year renewal for its reservoir monitoring program for the Snorre and Grane fields in the Norwegian North Sea.The containerized permanent reservoir monitoring (PRM) system…
ExxonMobil announced Friday it has begun oil production from the deepwater Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons.Production from the first phase of the Liza field, located in the 6…
U.S. energy firms added the most oil rigs this week since February 2018 - primarily in the Permian shale - even though producers have been reducing spending on new drilling for much of this year.Companies added 18 oil rigs in the week to Dec…
The oil regulator for the Atlantic Canadian province of Newfoundland and Labrador has ordered a production shutdown by Suncor Energy's offshore Terra Nova site, finding the company was not compliant with required inspections and repairs.Terra Nova…
Commercial oil production started earlier this month from Layang field on Block SK10 offshore Sarawak, Malaysia, operator JX Nippon Oil & Gas Exploration Corporation announced this week.Layang, which has been producing natural gas since May 2017…
Offshore services company Subsea 7 on Friday announced it has secured a contract from Chevron for the subsea installation services at the St. Malo field, located in the Walker Ridge area of the Gulf of Mexico.Subsea 7’s scope of work includes project management…
The mid-tier UK oil & gas company operating mainly in the North Sea, Serica Energy has announced an “out of round” North Sea licence award.The exploration and production firm said that its wholly owned subsidiary, Serica Energy (UK) Limited…
It’s not your typical marginal field — centered on a concrete gravity-based structure (GBS) that once boasted production records — but Draugen in the Norwegian Sea had become “immaterial” to Shell. When it first delivered oil in 1993, Norwegians looked forward to the spoils in 1…
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