Cautiously optimistic executives expect oil prices to return to US$60-80/bbl – spurring investment and economic growth, according to a new survey conducted by advisory firm Deloitte. The two-year downturn in the oil and gas industry may be coming to a close…
Mexican national oil company Petróleos Mexicanos (Pemex) has made six oil discoveries offshore Mexico, with one particular find holding 140-160 MMboe of potential reserves. The company also revealed its plans to drill more than a dozen offshore exploration wells next year…
Petrobras’ daily oil and natural gas production for the month of August totaled 2.84 MMboe, 2.72 MMboe of which was produced in Brazil and 0.12 MMboe was produced abroad. Brazil registered record oil and gas monthly production in August…
Eni’s Nooros field offshore Egypt reached a new record in 13 months of 128,000 boe/d, with plans to drill more wells in the area. Image from Eni. The Italian giant confirmed production at Nooros reached 700 MMcf/d…
INEOS UK E&P Holdings has secured a five-year US$294,000 million (£220 million) reserve-based lending facility, which it plans to use to acquire future projects. The facility, the firm's first reserves based lending facility, was secured…
Australian energy giant Woodside will acquire half of BHP Billiton’s Scarborough gas assets in the Carnarvon Basin, offshore Western Australia. Woodside will pay US$250 million on completion of the transaction and a contingent payment…
Chevron has achieved first gas on the Bangka field development project, the first stage of the Chevron-operated Indonesia Deepwater Development (IDD) project in East Kalimantan, offshore Indonesia. The Bangka Project includes a subsea…
Statoil has gotten a four-month early start at its Gullfaks Rimfaksdalen (GRD) field, which was scheduled for start-up on 24 December. The project has worked faster and now the field is onstream – at lower costs than planned, the company said…
Quadrant Energy has encountered a 10m section of elevated gas readings its Roc-2 well, in addition to moderate fluorescence that indicates exploration potential in the area offshore Western Australia. Map of Roc-2…
Det norske has received consent from the Petroleum Safety Authority Norway (PSA) to use the Maersk Interceptor jackup to drill production wells at Ivar Aasen. Ivar Aasen is an oil and gas field in the North Sea, around 175km west-southwest of Karmøy in Rogaland county…
The Songa Enabler drilling rig has started drilling a new injection well for CO2 gas on the Snøhvit field in the Barents Sea, off the coast of Hammerfest, Norway. Once complete, the rig will then drill the first new production well in the field since it came on stream in 2017…
Malaysia’s MISC has built a minimal facilities FPSO for use on marginal fields. John Sheehan takes a look. Malaysia Marine and Heavy Engineering handle the conversion (fabrication, installation and integration) of the FSO MaMPU 1…
First gas on one of the largest recent discoveries in the North Sea has been delayed, according to partner Centrica Energy. The firm said that first gas on the four-platform Cygnus development project in the southern North Sea is now expected in Q4 this year…
Norway's Statoil has made a gas condensate and oil discovery southwest of the Oseberg Sør facility in the North Sea, according to the Norwegian Petroleum Directorate (NPD). The discovery, in production license 035/272, was made through the wildcat wells 30/11-14 and 30/11-14 B…
Large, highly enriched accumulations of natural gas hydrates have been discovered in the Bay of Bengal, India, according to the US Geological Survey (USGS). It is the first discovery of its kind in the Indian Ocean that has the potential to be producible…