Petrobras expects pre-salt production to account for 50% of its total production by 2020, Carlos Tadeu Fraga, Petrobras’ general manager for pre-salt E&P told attendees at Rio Oil and Gas 2014 on Wednesday. Fraga (pictured) stepped in…
Mozambique's state oil and gas company, Companhia Moçambicana de Hidrocarbonetos SA (CMH) posted a profit of US$37.8 million in 2013, a year-on-year increase of 29%, according to the company’s report and accounts for last year. According to a CMH report cited by the Mozambican press…
Eni has discovered oil in Block 15/06, in the Ochigufu exploration prospect offshore Angola. ENI said the find was 'important' and would be fast tracked to production through the Ngoma floating production, storage and offloading vessel on the company's West Hub development…
Brazil could be poised to become one of the largest oil producers in the world, according to senior executives speaking at this year’s Rio Oil and Gas conference. Monday’s Shell luncheon at the event offered an outlook on the changes…
Watch as Nexen’s video gives insight into the four-day operation needed to lift and install the production, utilities and quarters (PUQ) deck for the Golden Eagle area development offshore, approximatley 70km northeast of Aberdeen…
ExxonMobil Exploration & Production Malaysia Inc. (EMEPMI) announced the startup of the Tapis enhanced oil recovery (EOR) project, off the coast of Terengganu, Malaysia, in the South China Sea. Operations began with water-alternating…
Dow is introducing technologies developed for multiple oil and gas applications, including extraction, production, refining, gas treatment and oil distribution, at Rio Oil & Gas 2014. Dow says their technologies improve energy efficiency…
Denmark is the European Union’s (EU) only net exporter of oil. The Nordic state’s oil exports totalled approximately 13.7MMboe in 2013. This is in stark contrast to the EU’s only other significant oil producer, the UK, which became a…
The Centrica Energy-operated 43/13b-7 Pegasus West well in the Southern North Sea indicated the presence of gas, reported partner Atlantic Petroleum. Following the analysis of available data, the joint venture has decided to drill stem test the well…
Japan’s Mitsubishi Corp. acquired 20% of US-based Anadarko Petroleum’s interest in Block C1-103 off the coast of Côte d’Ivoire, becoming the first Japanese company to enter the oil and gas exploration business in the area. Map of Block C1-103…
Four months after taking to the helm of Italian state-run Eni, CEO Claudio Descalzi is now the subject of a corruption investigation related to the acquisition of the large and lucrative deepwater oil prospecting lease (OPL) 245 offshore Nigeria…
State-run China National Offshore Oil Corp. (CNOOC) issued an exploration tender inviting foreign oil companies to bid for 33 oil and gas blocks. The gas blocks cover an area of 126,108sq km off east and southern China. CNOOC says…
CNOOC Ltd. began drilling at the WZ12-10-1 exploration well in the Beibu Gulf Block 22/12, offshore China. Map from Horizon Oil The well is located 4.7km east-northeast from Roc’s existing…
Singapore’s Sembcorp Marine announced they invested millions of dollars in the purchase of an American company and in a new facility in Singapore. The SSP Hub is capable of integrated delivery…
GE Oil & Gas announced that it is providing both technology and capital to help expedite construction of the Freeport LNG gas liquefaction and liquefied natural gas (LNG) export project in Southeast Texas. GE is supplying the main refrigeration compressors…
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