Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.2 MMb/d in September, down 60,000 b/d from August as Saudi Arabia further reined in supply, according to a Platts survey of OPEC and oil industry officials and analysts…
Iran’s historic nuclear deal with six world powers was approved by the country’s parliament today (13 October) with 64% in favor of the bill, clearing a hurdle for sanctions against Iran being lifted. Iranian parliament approves JCPOA bill…
INEOS has agreed to acquire a strong portfolio of natural gas assets in the North Sea from a UK subsidiary of DEA Deutsche Erdoel AG, which is part of the LetterOne Group. Image from INEOS. INEOS Upstream will acquire gas fields…
Eni is increasing its presence offshore Egypt, as the company picks up two licenses in the 2015 EGAS bid round. Image from Eni Flickr. The two exploration licenses, North El Hammad and North Ras El Esh…
Mexican state owned company Pemex this morning announced it had evacuated the Sihil-A platform in the Bay of Campache, offshore Mexico, in the latest of a string of incidents offshore Mexico this year. The firm said the measure was taken…
Shell started production from its new offshore platform in the Malampaya natural gas field, off the Philippines. Malampaya. From Shell. The offshore platform known as the depletion…
In this video, EXMAR shows a time-lapse video of the construction of the Caribbean FLNG at Wilson Shipyard, located in Nantong China. In EXMAR's 2Q 2015 report, the company revealed that pre-commissioning of the Caribbean FLNG ws proceeded as planned for 3Q…
Erin Energy Corp. announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano South) has been completed in the Expanded Shallow Water Tano (ESWT) Block, located offshore Ghana. The ESWT block is operated by its subsidiary company…
Image from EIC. The Energy Industries Council (EIC) announced the appointment of its new president Chris Haynes. Haynes is a senior oil and gas industry professional with almost 40…
Resource assessments of the 2015 license round area for offshore Newfoundland and Labrador shows the potential to hold 12 billion bbl and 113 Tcf of gas in place, according to the Government of Newfoundland and Labrador, Nalcor Energy and Beicip-Franlab…
Shell started production from the Bonga Phase 3 project offshore Nigeria, with expected peak production to hit about 50,000 boe/d. Image of the Bonga project. From Shell Flickr. Bonga…
Maersk Oil Norway AS, operator of production license 510, is about to complete drilling of wildcat well 6406/6-4 S. The well, drilled about 20km southwest of the Tyrihans field in the Norwegian Sea, is the first exploration well in the license…
Aker Solutions has been awarded a contract from Murphy Sabah Oil Co., Ltd. to deliver the subsea production system for the Rotan deepwater natural gas development offshore Malaysia. The delivery includes hardware for four subsea wells…
Audrey Leon spoke to Rustom Mody, Vice President and Chief Engineer, Baker Hughes Enterprise Technology, to learn more about the company’s research and development of nanotechnologies. Inside the Baker Hughes nanotechnology lab…
Shreeram Lom, Aaron Rampersad, and Juan Martínez, of Repsol, discuss the Perla field development, which came online offshore Venezuela in July. Fig. 1: Topside. Images from Repsol. The Perla field…
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