LNG Shipping Demand Flat in Q1 209
Global liquefied natural gas (LNG) shipping demand in Q1 209 was essentially flat compared to Q1 2018 and coupled with a 10 % growth in the fleet since Q1 2018 rates suffered…
ExxonMobil Makes Two Discoveries Offshore Guyana
ExxonMobil and its partners have made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12, the U.S.
Lundin Raises Long-term Output Guidance
Lundin Petroleum raised its output guidance on Wednesday and said it would drill a record number of exploration wells in 2019.The company now expects output of over 150,000 barrels of oil equivalents per day (boepd)
Eni Starts Production at Vandumbu Field
Italy's Eni said it has started production from the Vandumbu field in Block 15/06 through West Hub N’Goma floating production, storage and offloading unit (FPSO).Block 15/06…
Norway's Equinor strikes LPG Deal with Malaysia
Norwegian oil and gas firm Equinor has entered into a long-term agreement with Malaysia's Global Petro Storage for a terminal and storage for liquified petroleum gas (LPG) volumes in Port Klang…
Yanbu South Terminal Boost Export Capacity
The oil giant Saudi Aramco has competed the rehabilitation and upgrade project of the Yanbu South Terminal (YST), which adds an extra three million barrels per day of crude…
Wintershall Struggles to Boost Output from Norway's Maria Field
German oil firm Wintershall's flagship project in Norway - the Maria oil and gas field - is not meeting output expectations due to water injection issues, the company said on Monday.The field…
U.S. Approves Williams' Atlantic Sunrise Natgas Pipe for Service
U.S. federal energy regulators on Thursday approved a request by Williams Cos Inc's Transcontinental Gas Pipe Line Co (Transco) unit to put the Atlantic Sunrise natural gas…
ExxonMobil Boosts Ultra-low Sulfur Fuels Production
ExxonMobil said today that a new unit at its integrated Beaumont, Texas facility has started operations, increasing production of ultra-low sulfur fuels by about 45,000 barrels per day.
Norway’s Largest Oil Pipeline Now in Place
Late last week, Norway’s largest and longest pipeline reached the Johan Sverdrup field in the North Sea.The last pipe of what is now Norway’s longest and largest oil pipeline…
Equinor to Boost Drilling to Extend Norwegian Shelf Life
Oil producer Equinor aims to boost the recovery rate from its Norwegian fields to well above the global average to extend production from the mature basin beyond 2030.Equinor…
Aker to explore options for Aker Energy after Ghana plan filing
Norwegian investment firm Aker will consider options for its stake in oil startup Aker Energy after the unit has appraised its offshore field in Ghana and submitted a development…
BP to develop Oman’s Khazzangas Field
BP today announced that, together with its partner the Oman Oil Company Exploration & Production, it has approved the development of Ghazeer, the second phase of the giant Khazzan gas field in Oman.
Statoil Inks LOI for Johan Sverdrup Phase 2
Statoil, on behalf of the Johan Sverdrup partnership, signed a letter of intent with Aibel for the construction of the processing platform topside for phase 2 of the project.
Eni Raises Mexico Estimates as Drilling Campaign Ends
Italian energy group Eni said on Tuesday it had raised its estimates for oil and gas in its Area 1 prospect in Mexico to 2 billion barrels from a previous 1.4 billion after completing its drilling campaign.
Eni plans to restart Norway's Goliat Oilfield
Italian oil firm Eni said on Friday it planned to restart production at its Goliat oilfield in the Arctic Barents Sea within a few days. The Norwegian Petroleum Safety Authority…
ExxonMobil's Canada Offshore Project Produces First Oil
The Hebron oil project off the coast of eastern Canada has produced its first oil, operator Exxon Mobil said on Tuesday, in a boost to Atlantic Canada's output after years of weak crude prices.
ARO Drilling Commences Operations
ARO Drilling, a 50/50 joint venture between Rowan Companies plc and the Saudi Arabian Oil Company (Saudi Aramco), commenced operations on October 17, 2017. As part of the initial startup of ARO Drilling…
U.S. Gulf Refiners Recovering Slowly, Carefully
U.S. refineries are restarting after Hurricane Harvey forced them to shut down two weeks ago, raising the risk of fires and explosions that could prolong fuel supply disruption…
Borr Drilling Aims to Expand Fleet, Keep Costs Low
Borr Drilling, the Norwegian drilling start-up, which listed on the Oslo exchange on Wednesday, said it aimed to expand its fleet, taking advantage of its low cost base. The start-up…
