Total has achieved the significant milestone of producing a cumulative 2 Bbbl from its operated deepwater Block 17, 150 km off the coast of Angola.
Oil traded near a one-month low in London on concern record Iraqi exports will boost OPEC supplies.
Brazil’s state-controlled oil company Petroleo Brasileiro SA has abandoned exploration at the Caramba prospect in a deepwater region that holds the country’s biggest discoveries.
Premier Oil has struck oil at the Isobel Deep exploration well, 14/20-1, in the North Falkland basin, approximately 30 km south of Sea Lion field.
Eni has made a gas and condensates discovery offshore Libya, in the Bouri North exploration prospect.
Wood Group Kenny (WGK) will provide technical advisory services for carbon capture and storage (CCS) policies, as well as potential projects across the UK, as part of a framework agreement with the Department of Energy & Climate Change (DECC).
Drilling, LNG prospects face stiff headwinds
The North Sea’s Troll field, 80 km northwest of Bergen, is Norway’s largest gas reservoir.
Part 1: In this first of two monthly reports, the authors highlight innovations in beam/rod pumping, linear lift units, hydraulic piston pumps, hydraulic jet pumps, and more.
Future deepwater GOM projects are less vulnerable to low oil prices. Even as the price of oil teeters around $50, the Gulf of Mexico is poised on the brink of a production boom. Repercussions of the price collapse in this offshore market depend less on how low prices go, than how long they stay there.
Turn out the lights
Despite lower crude prices, India’s ONGC goes ahead with ambitious plans
Data courtesy of Baker Hughes.
Market data is delayed and provided by Barchart.
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Over the last two years, we’ve seen a marked increase in the number of gas divestments taking place in Canada’s oil and gas sector.
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