Italy's Eni reported good results in its first appraisal well of the Agogo discovery in Block 15/06, offshore Angola.The Agogo-2 well results confirm 650 million barrels of oil in place at the Agogo field and indicate further upside in its northern…
Multinational oil and gas exploration company Tullow Oil plc will in the next two months launch a bid to acquire 3,000 square kilometers 3D seismic survey after the firm successfully completed its entry into the Africa’s east coast volcanic archipelago of Comoros…
Despite Africa not being a top contender in the global decommissioning market, the region holds huge potential for growth as more offshore old and gas fields mature while some of the newly drilled ones turn dry.The region’s top oil and gas producers such as Angola…
U.S. Gulf of Mexico offshore crude oil production and natural gas output both remained cut by 19% on Thursday because of shutdowns forced by Tropical Storm Barry, the U.S. government said.That equals 335,000 barrels per day of crude oil and…
U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.There was 1.3 million barrels per day (bpd) of oil production off line in the U…
Tropical Storm Barry has cut 73%, or 1.38 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday.Natural gas output from the northern Gulf of Mexico is down 62%…
Half of the 6.7 billion barrels of oil equivalent (boe) new conventional oil and gas discoveries in the first half of 2019 were deepwater finds, signalling a return for explorers to high-risk frontier deepwater plays, said analyst Rystad Energy…
Nigeria has a new face at the helm of the country’s petroleum industry regulator, and already he has announced ambitious targets for the next five years. Achieving these goals will have to rely partly on how much investment can be attracted…
Exxon Mobil Corp and Anadarko Petroleum Corp on Wednesday joined several other U.S. oil producers withdrawing staff from deepwater platforms in the U.S. Gulf of Mexico as what could be a major storm gathered.The withdrawals helped push U.S. oil futures up 3…
After painstakingly plying Petrobras for years, Norway’s offshore supplier-contractors and their halo of sub-suppliers are again earning big Brazilian orders en masse, as the BRIC country’s untapped reserves compel the national oil company to buy — and borrow — Norwegian…
Brazilian state-run oil firm Petroleo Brasileiro SA has put its Peroa and Cangoa shallow-water natural gas fields and a deepwater exploration concession known as Malombe in the state of Espirito Santo up for sale, the company said.In a securities filing…
Norway's Oceanteam Solutions has extended subsea cable storage contract with one of Europe’s biggest cable manufacturers.The 6-months extension plus two times 3 months options follows a successful two years of cable storage in Oceanteam’s 1100t carousel at its cable storage facility in Velsen…
Mauritania is back, it seems, as Africa’s newest oil province, just 13 years after a sudden production drop at its first offshore oilfield, Chinguetti, precipitated the authorities ire over contracts and a rash of oil company departures.Now…
McDermott International said it was able to mitigate impact of two cyclones en route to completing the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development, in the Krishna Godavari Basin, located off the East Coast of India…
Expandable liner hanger designs are advancing to meet the ever-increasing demands of deepwater well construction.A new expandable liner hanger design provides an effective liner top seal for high-pressure, high-temperature (HPHT) well conditions…
Subscribe
