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Expecting faster ramp-up to higher plateau production on Johan Sverdrup

The North Sea Johan Sverdrup field expects to reach plateau production for the first phase in early May, earlier than anticipated. Due to higher...

VAALCO brought the South East Etame 4H well onto production

VAALCO Energy has provided an update on the successful completion of its 2019/2020 drilling program as well as an operational update. Cary Bounds, Chief Executive...

Analysis: global oil storage infrastructure is in trouble

The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating...

COVID-19 outbreak adds further woes for the oil and gas industry

The recent coronavirus (COVID-19) outbreak is adding further woes for the oil and gas industry, which is already plagued by oversupply and declining prices. This...

Oil and gas discoveries at Evra and Iving exploration well

Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) as partner in PL820S, has made oil...

Total makes a new gas and condensates discovery in the North Sea

Total, Operator, and its partners have made an encouraging discovery with the Isabella 30/12d-11 well on the license P1820, located in the Central North...

Large-sized discovery in southern Bohai basin

CNOOC Limited has announced that the Company made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized...

Deepwater acreage will continue to attract company interest through 2020

A significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water, up from the previous quarter, according...

Maersk Drilling secures one-well contract offshore Egypt

Maersk Drilling has been awarded a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt. The contract has an estimated duration of 21 days...

Oil discovery near the Gudrun field

Neptune Energy, together with operator Equinor, has made another discovery with the Sigrun East exploration well 15/3-12S & 15/3-12A in PL025/187, near the producing...

New EU-funded project aims at reducing fuel consumption

The technology group Wärtsilä, together with a consortium of six other industry and academic partners, has been awarded EU funding for a major project...

Phillips 66 and Trafigura form joint venture to develop deepwater port

Phillips 66 and Trafigura Group Pte. Ltd announce they have formed a 50/50 joint venture, Bluewater Texas Terminal LLC (“Bluewater Texas”), to develop an...

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