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Latest Oil & Gas News publishes the latest oil and gas news from around the world including contributions from leading oil and gas publishers. Keep abreast of the latest news across the upstream, midstream and downstream oil and gas sectors.

Exploration and Production

Petrobras completes drill of Libra appraisal well

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

Reported by: Oil & Gas Technology, Posted on: 21 Jul 2016

U.S. offshore rig count falls

Baker Hughes Incorporated on Friday posted Weekly Rig Count reports. The U.S. offshore rig count is down compared to the previous week.

Reported by: Offshore Energy Today, Posted on: 21 Jul 2016

Enormous Oil, Gas Reserves Found in Russia’s Arctic Region

The Arctic Region boasts oil and gas reserves similar to those of Western Siberia.

Reported by: Sputnik, Posted on: 13 Oct 2015

Many Oil Companies “Virtually Abandoning” Exploration

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.

Reported by: Fuel Fix, Posted on: 13 Oct 2015

Port Future Is In Offshore Oil And Gas Exploration

The Port of Pensacola’s future is in servicing the offshore oil and gas exploration support industry, said Port Director Amy Miller.

Reported by: PNJ, Posted on: 13 Oct 2015

Nigeria Produced 445m Barrels of Oil, 1, 677bcf of Gas in Seven Months

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.

Reported by: This Day Live, Posted on: 13 Oct 2015

Deepsea Bergen Rig Completes Its Yard Stay

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.

Reported by: NDT, Posted on: 09 Oct 2015

56 New Oil Discoveries Made Since 2013

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.

Reported by: Daily Times, Posted on: 09 Oct 2015

UK Oil & Gas Industry Fears Steep Decline In Industrial Output

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.

Reported by: FT, Posted on: 09 Oct 2015

BP Oil Spill In Great Australian Bight Would Be Catastrophic, Modelling Shows

Wilderness Society report shows spill would likely affect fishing and tourism, and threaten whales, seabirds, sea lions and sea turtles, along the southern coast

Reported by: The Guardian, Posted on: 09 Oct 2015

Brazil’s 13th Licensing Round Fails To Attract Oil Majors

Brazil’s 13th licensing round, which offered 266 blocks for the oil companies to bid for, fell significantly short of expectations.

Reported by: Offshore Energy Today, Posted on: 08 Oct 2015

Lebanon Upbeat On Oil And Gas Exploration Despite Political Deadlock, Says Official

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.

Reported by: Digital Look, Posted on: 08 Oct 2015

Interview: Thirty Years Of Development Of Subsea Wet Gas Compressor

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.

Reported by: Offshore Energy Today, Posted on: 08 Oct 2015

E&P Companies Using Variety Of Strategies To Battle Oil, Gas Price Downturn

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.

Reported by: hellenicshippingnews, Posted on: 07 Oct 2015

Egypt Awards Four Offshore Oil And Gas Exploration Licenses

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.

Reported by: alarabiya, Posted on: 07 Oct 2015

Shell: Gas Production Starts From New Malampaya Platform

Gas production has started from the new platform at the Malampaya field offshore Palawan in the Philippines.

Reported by: Offshore Energy Today, Posted on: 06 Oct 2015

Oil And Gas Industry Can Cut Methane Emissions 45% With Current Tech

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.

Reported by: Edmonton Journal, Posted on: 06 Oct 2015

Aggressive North Sea Expansion Planned By London Oil And Gas Firm

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.

Reported by: Herald Scotland, Posted on: 06 Oct 2015

Oil And Gas Data Startup Embraces Big Data

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.

Reported by: Penn Energy , Posted on: 06 Oct 2015

UAE On Track To Meet 3.5 Mil b/d Production Capacity Target In 2017: Energy Minister

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.

Reported by: Platts, Posted on: 05 Oct 2015

Are Oil & Gas Operators Using Natural Gas As A Hedge?

The US rig count is down 56% from this time last year. The rig count decline has hit some areas harder than others.

Reported by: Forbes, Posted on: 05 Oct 2015

UK Oil & Gas Sites Could Yield 2,500 Barrels Of Oil A Day

Sites owned by "Gatwick Gusher" company UK Oil & Gas could yield as much as 2,500 barrels of oil a day, according to consultants.

Reported by: City AM, Posted on: 05 Oct 2015

Oil and Gas: Betsy Production Schedules Bradley South Drilling

Mineral activity was minimal in South Arkansas last week, according to the Arkansas Oil and Gas Commission.

Reported by: Magnolia Reporter , Posted on: 05 Oct 2015

Lundin Spuds Neiden Wildcat

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.

Reported by: Offshore Energy Today, Posted on: 05 Oct 2015

Statoil To Press Pause On ‘Songa Trym’ Contract

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.

Reported by: Offshore Energy Today, Posted on: 05 Oct 2015

Oil And Gas Exploration A Concern To Some In South Park Area

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.

Reported by: The Denver Post, Posted on: 05 Oct 2015

Lundin Spuds Well Offshore Malaysia

Lundin Petroleum has resumed exploration drilling in Malaysia with the spud of Mengkuang-1 exploration well in license PM307, offshore Malaysia.

Reported by: Offshore Energy Today, Posted on: 02 Oct 2015

Iran Invites Foreign Firms To Develop Its Oil, Gas Industry

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.

Reported by: Yahoo News, Posted on: 02 Oct 2015

2H Offshore Secures Chevron Production Riser Programe

2H Offshore, an Acteon company, has been awarded a contract by Chevron to manage a production riser weld qualification testing programme.

Reported by: Offshore Energy Today, Posted on: 02 Oct 2015

Oil Ignoring Bad News Usually Means a Rebound Is Near

Oil Ignoring Bad News Usually Means a Rebound Is Near, Says Jim Rogers

Reported by: Bloomberg Business, Posted on: 02 Oct 2015
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