Latest Oil & Gas News
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Exploration and Production
Petrobras has announced that the Libra Consortium has drilled and tested the first appraisal well in the Libra area, 3-BRSA-1255-RJS (3-RJS-731), known as NW1
Baker Hughes Incorporated on Friday posted Weekly Rig Count reports. The U.S. offshore rig count is down compared to the previous week.
The Arctic Region boasts oil and gas reserves similar to those of Western Siberia.
The hunt for new stores of oil and gas has been dramatically curtailed amid a global crude slump, with exploration budgets at the largest oil companies cut in half from their peak levels in 2013, according to a new analysis.
The Port of Pensacola’s future is in servicing the offshore oil and gas exploration support industry, said Port Director Amy Miller.
A monthly report of the activities of the Nigerian National Petroleum Corporation (NNPC) has shown that from January to July 2015, a period of seven months, Nigeria produced 445 million barrels (mb) of crude oil and condensates.
New Delhi: Cairn India today reported a 3 per cent rise in crude oil and natural gas production from its Rajasthan fields to 1,68,126 barrels per day in the second quarter ended September 30.
The Ministry of Petroleum and Natural Resources is following an innovative and radical strategy to achieve self-sufficiency in oil and gas sector by stepping up local exploration and production activities.
A sharp increase in oil and gas production and a mild rebound in manufacturing boosted UK industrial output in August, assuaging fears of a steep slowdown in the third quarter of this year.
Wilderness Society report shows spill would likely affect fishing and tourism, and threaten whales, seabirds, sea lions and sea turtles, along the southern coast
Brazil’s 13th licensing round, which offered 266 blocks for the oil companies to bid for, fell significantly short of expectations.
The Petroleum Administration of Lebanon (PAL) remains positive on oil and gas exploration despite a political impasse and security impediments in the Mediterranean nation, according to a senior official.
In anticipation of Offshore Energy Exhibition and Conference 2015 (OEEC), taking place in Amsterdam next week, Offshore Energy Today had an interview with Mr. Arne Birger Olsen, Director Sales – ECR at OneSubsea, a company that provides integrated solutions, products, systems and services for the subsea oil and gas market.
Exploration-and-production companies, buffeted by low oil and gas commodity prices brought on by robust production from shale plays, are using a variety of strategies to survive the current industry downturn, speakers at an oil and gas conference said in San Francisco.
Egypt has awarded four new licenses to explore for oil and gas off its Mediterranean coast, weeks after Eni’s giant Zohr gas find piqued fresh international interest in the area.
Gas production has started from the new platform at the Malampaya field offshore Palawan in the Philippines.
A new report commissioned by an environmental group says Canada's oil and gas industry could reduce methane emissions by 45 per cent using existing technology.
A London-based oil and gas firm has unveiled plans to expand aggressively in the North Sea as its chairman said the crude price slump might be good news for the area.
RunTitle, an oil and gas data startup, has closed $8 million in Series A financing led by Founders Fund. Joining in the fundraise were Aubrey McClendon's Deep Fork Capital, existing investor Austin Ventures, and several individuals.
The UAE is continuing to invest in its oil and gas development plans despite lower oil prices, and is on track to meet its 2017 production capacity aims, energy minister Suhail al-Mazrouei said Sunday.
The US rig count is down 56% from this time last year. The rig count decline has hit some areas harder than others.
Sites owned by "Gatwick Gusher" company UK Oil & Gas could yield as much as 2,500 barrels of oil a day, according to consultants.
Mineral activity was minimal in South Arkansas last week, according to the Arkansas Oil and Gas Commission.
Lundin Petroleum’s wholly owned subsidiary Lundin Norway has started drilling of exploration well 7220/6-2 on the Neiden prospect in the Barents Sea.
Songa Offshore, an offshore drilling contractor, has informed that Statoil will suspend the Songa Trym contract after the current well, Tarvos, in the North Sea.
Although South Park has long been prized as the home of the South Platte River and for its native elk herds, its energy prospects put it on the radar of the Bureau of Land Management. The federal agency has begun putting together a master leasing plan for South Park to evaluate the risks of drilling for oil and natural gas in what many consider one of the state's unparalleled playgrounds.
Lundin Petroleum has resumed exploration drilling in Malaysia with the spud of Mengkuang-1 exploration well in license PM307, offshore Malaysia.
Iran is inviting foreign investors to actively develop its energy industry after sanctions are expected to ease in 2016, under a nuclear deal between Iran and six global powers, deputy Oil Minister Rokneddin Javadi told Reuters on Thursday.
2H Offshore, an Acteon company, has been awarded a contract by Chevron to manage a production riser weld qualification testing programme.
Oil Ignoring Bad News Usually Means a Rebound Is Near, Says Jim Rogers