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Reserves News

 

US Leads World Oil Reserves

Jun 14, 2019

The United States has a world-leading 293 billion barrels of recoverable oil resources, which is 20Bbbl more than Saudi Arabia and 100Bbbl more than Russia, with the Permian Basin leading that charge.Rystad Energy’s estimate of US recoverable oil is also five times more than officially reported proven reserves as published in the BP Statistical Review of World Energy 2019.Tight oil plays in the Permian Basin in Texas and New Mexico now hold 100 billion barrels of recoverable oil resources…

Georgia Bullish on Offshore Natural Gas and Oil Reserves

Nov 15, 2018

Georgia Petroleum Council noted released results from a new study highlighting how Georgia’s economy could benefit from over $200 million in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS).“Cutting…

OMV, Sapura Energy Sign Pact

Nov 13, 2018

Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion.'Under the agreements, OMV Exploration and Production GmbH (OMV E&P), a wholly-owned subsidiary of OMV Aktiengesellschaft…

Current News

DOF Subsea Wins 'Key Award' with Chevron in Australia

DOF Subsea Wins 'Key Award' with Chevron in Australia

China's Crude Imports Surged 25% in July

China's Crude Imports Surged 25% in July

Indonesia's Price Cap Obstructing Gas Projects

Indonesia's Price Cap Obstructing Gas Projects

Repsol, Vestigo Tap Alam Maritim for Subsea Services

Repsol, Vestigo Tap Alam Maritim for Subsea Services

Inpex Books $1.3B Writedown on Australian LNG assets, Omitting Ichthys

Inpex Books $1.3B Writedown on Australian LNG assets, Omitting Ichthys

U.S. Sends First Crude Shipment to Saudi Arabia in Years

U.S. Sends First Crude Shipment to Saudi Arabia in Years

Oil Prices Hit 5-Month High

Oil Prices Hit 5-Month High

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