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Oil & Gas Production News - page 36

 

Russia's 2018 Oil Output Tops Record

Jan 02, 2019

Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on an annual average basis, data from its energy ministry showed on Wednesday.The total surpassed the previous annual record average of 10…

Total Starts Production at Egina Oilfield

Jan 02, 2019

Total SA said on Wednesday it had started production from the Egina oilfield off Nigeria's coast, part of a shift by the French energy firm towards deepwater oil and gas projects to its drive cashflow.Output from Egina, which is located in waters about 1…

US October Crude Oil Production Tops Record

Dec 31, 2018

U.S. crude oil output hit an all-time high of more than 11.5 million barrels per day in October, according to government data released on Monday.U.S. crude production rose 79,000 bpd in October to 11.537 million bpd, the U.S. Energy Information Administration said in a monthly report…

OMV Buys Shell's NZ Assets

Dec 28, 2018

Royal Dutch Shell plc announced Friday it has completed the sale of its New Zealand upstream oil and gas assets, marking the supermajor's exit from the Oceania country.The $578 million sale to Austrian integrated oil and gas company OMV includes the Māui…

Oil Production Starts at Yaro-Yakhinskoye

Dec 27, 2018

PAO NOVATEK announced Thursday that commercial crude production has begun at the Yaro-Yakhinskoye field developed by Arcticgas, a joint venture between NOVATEK and Gazprom Neft.The field’s crude oil production capacity is estimated at 1.2 million tons per annum…

Oil Slips Back Toward 18-month Lows

Dec 27, 2018

Oil prices fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices.Brent crude oil dropped $1.67 a barrel, or 3.1 percent, to a low of $52…

LNG Imports into Northeast Asia at Record High

Dec 27, 2018

Shipments of liquefied natural gas (LNG) into Northeast Asia have risen to a record in December, mainly driven by China's continued gasification push, and as the region faces colder-than-usual temperatures this week.LNG imports into China, Japan…

Oil Surges 8% After Steep Slide

Dec 26, 2018

Oil surged on Wednesday, posting its strongest daily gain in more than two years in a partial rebound from steep losses that pushed crude benchmarks to lows not seen since 2017.Both U.S. and Brent crude rose about 8 percent, their largest one-day increase since Nov…

Prelude FLNG Starts Production in Australia

Dec 26, 2018

Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world's largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade…

Oil Rises to $51 After Steep Slide

Dec 26, 2018

Oil rose to $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an OPEC-led effort to tighten supply.Crude has been caught up in wider financial market weakness as the U…

Gazprom Neft Expands to Siberia

Dec 23, 2018

Russian oil producer Gazprom Neft has secured hydrocarbon exploration, development and production rights to the Leninsky license block in the Gydan Peninsula.The Leninsky license block is located in the Gydan Peninsula in the Taymyrsky district of the Krasnoyarsky Krai…

US Shale Producers Curb 2019 Spending

Dec 21, 2018

U.S. shale producers are slamming the brakes on next year's drilling with crude prices off 40 percent and mounting fears of oversupply, paring budgets that in some cases were set only weeks earlier.The reversal is alarming because blistering growth in shale fields has propelled U…

Panoro Completes OMV Tunisia Acquisition

Dec 21, 2018

London-based international independent oil and gas company Panoro Energy ASA announced Friday it has completed its $65 million acquisition of OMV Tunisia Upstream GmbH from Vienna-based integrated oil and gas company OMV.Panoro Tunisia Production AS (PTP…

Norwegian Sea Well Comes up Dry for Lundin Petroleum

Dec 20, 2018

Europe's oil and gas exploration and production company with operations focused on Norway Lundin Petroleum AB  said that its wholly owned subsidiary Lundin Norway AS  has completed the drilling of the Silfari exploration well 6307/1-1S located in PL830 in the Norwegian Sea…

ExxonMobil Drops USD 25 bln Canadian LNG Project

Dec 20, 2018

U.S. oil major Exxon Mobil Corp. has withdrawn its environmental assessment application for a $25-billion LNG export facility on the B.C. coast it proposed in 2015. No reasons given for withdrawing from environmental review process.“After careful review…

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Aquaterra Energy Wins Riser Deal in APAC

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Exxon to Lay Off 300 Workers in Singapore

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Santos Books Noble Jack-Up to Drill Near Dorado Field in Australia

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Saudi Aramco, Chevron Chiefs See Global Oil Demand Recovery

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Venezuelan Oil Exports Rise on Larger Sales to Asia

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Malaysia Petronas Launches Offshore Bid Round

Former SBM Offshore Sales Manager Gets Prison Time for Bribery

Former SBM Offshore Sales Manager Gets Prison Time for Bribery

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