The first shipment of liquefied natural gas (LNG) has sailed from Shell’s Prelude floating LNG (FLNG) facility offshore Australia, Shell announced Tuesday alongside its joint venture partners INPEX, KOGAS and OPIC.This shipment from the world’s largest floating producer of LNG…
French energy company Total announced it has started up production from the Culzean gas condensate field located on Block 22/25a, 230 kilometers off the coast of Aberdeen, in the UK.With a plateau production of 100,000 barrels of oil equivalent per day (boe/d)…
Project partners have taken final investment decision (FID) for the second phase of the Mero project in the deepwater Libra block of the pre-salt Santos Basin offshore Brazil, operator Petróleo Brasileiro announced on Tuesday.The Brazilian state-controlled oil company…
Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.Front-month Brent crude futures…
BP is again seeking buyers for its stake in the Shearwater oilfield in the British North Sea after talks with Royal Dutch Shell fell through, industry and banking sources said.The talks between Shell, the field's operator, and BP failed due to disagreement over the value of the 27…
Oil workers have been evacuated from the Statfjord A platform in the North Sea after it was struck by a platform supply vessel (PSV), Norwegian oil and gas company Equinor said on Friday.The platform was not producing when it was struck by the…
American multinational oil and gas corporation ExxonMobil and its partners said that they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum…
US crude inventory now 6% above the five year average – Brent crude price down 17% over past 10 daysRecent government data indicate a US crude inventory surplus has been forming. The latest EIA survey shows 483 million bbls in inventory as of…
Hurricane Energy has announced first oil at its Lancaster field off Scotland, the first such success for so-called fractured basement reservoirs in Britain and a major milestone for the company within its guided schedule.Hurricane specializes…
US-based Murphy Oil Corporation announced that its has completed its $1.227 billion acquisition of deepwater Gulf of Mexico assets from compatriot oil and gas company LLOG.Murphy Oil President and CEO, Roger W. Jenkins, said, “We are excited…
Norwegian oil workers struck a wage deal with employers on Tuesday, averting the outbreak of a strike that would have cut production by 440,000 barrels of oil equivalents per day (boed), the Norwegian Oil and Gas Association (NOG) announced…
French energy group Total will start up the Culzean field in the British North Sea within days, the group's UK Exploration and Production Chief Jean-Luc Guiziou said on Tuesday, shortening the timeline for the project.Culzean, part of Total's acquisition of Maersk's oil and gas portfolio…
Equinor and its partners expect to reach a final investment decision (FID) for Rosebank, one of the largest undeveloped oil and gas fields on the UK continental shelf, by May 2022, the Norwegian major said on Tuesday.The Rosebank field was discovered…
Italian oil and gas company Eni has made the fifth oil discovery in one year in Block 15/06, through the Agidigbo-1 NFW well in Angola's deep offshore.It follows the discoveries of Kalimba, Afoxé, Agogo and Ndungu. The five discoveries altogether are estimated to contain up to 1…
Schlumberger on Monday introduced a new digital exploration platform designed to help exploration teams to rapidly discover and access basin-scale data and manage exploration opportunities.The GAIA platform uses the power of the DELFI E&P cognitive…