Production ///

Suncor's emissions goal seen challenging even without total cuts

Suncor Energy Inc. plans to hold total greenhouse gas emissions at current levels through 2030, even as it boosts crude production by targeting a reduction in carbon output per barrel.

Southwestern's gas drilling revival could be bad sign for U.S. bulls

Southwestern Energy Co.’s revival of its dormant drilling program may be the beginning of the end for the U.S. natural gas rally.

Technip wins MSA for Louisiana’s Monkey Island LNG project

Technip was awarded a Master Services Agreement (MSA) by SCT&E LNG, Inc. for their proposed 12 mtpa LNG export terminal on Monkey Island, in Cameron Parish, La.

Engie said to offer exploration assets from Europe to Africa

French utility company Engie SA is pushing ahead with a plan to sell its exploration unit, offering assets that span Europe to Africa as the company works to reduce its exposure to oil and gas prices, people familiar with the matter said.

Saudi Aramco CEO signs off on $13-billion gas project

Saudi Aramco President and CEO Amin H. Nasser presided over a signing ceremony of the Fadhili gas project, marking a new milestone in the company’s drive to expand gas production and supply to meet growing domestic demand for energy. The new Saudi Aramco mega project will help boost production and supply with clean-burning natural gas, lessening dependence on oil for power generation.

Saudi Aramco boss says drilling, IPO unaffected by oil price

Saudi Arabia’s oil and natural gas production and drilling activities are unaffected by crude prices at current levels, the state-run producer’s CEO said, signaling that the world’s biggest oil exporter will maintain its battle for market share.

Goldman sees Russian oil output topping Soviet record by 2018

Russian oil output will exceed the former Soviet record set almost 30 years ago by the end of 2018 as low-cost fields allow producers to defy the slump in prices, according to Goldman Sachs Group.

Oil falls to two-month low amid dollar strength, ample supply

Oil closed at the lowest level in more than two months in New York as the dollar rose against its peers and global crude markets were deemed comfortably supplied despite threats to output.

Pakistan Petroleum reports gas discovery at Hadi X-1A

Pakistan Petroleum Limited (PPL)—operator of the Gambat South Block with a 65% working interest—along with its joint venture partners, Government Holdings Private Limited (25%) and Asia Resources Oil Limited (10%), has announced a gas discovery at the Hadi X-1A exploration well in District Sanghar, Sindh.

Maximizing operational efficiency through competency is essential for EOR in Iran

Lloyd’s Register recently held an exclusive one-day event at the NITC in Tehran, Iran, to share knowledge and experience to help companies optimize their oil and gas operations. It brought together 130 senior oil and gas executives from international and national companies.

Devon Energy brings record-setting well online in Oklahoma's STACK play

Devon Energy Corp. has brought online another successful spacing pilot and a record-setting oil well in the over-pressured oil window of the STACK play.

Mark Cuban invests in production forecasting company BetaZi

BetaZi has opened the door to its first external investor with the recent initial tranche of funding from businessman and entrepreneur Mark Cuban, through his VC entity Radical Investments. Cuban's business presence brings tremendous market opportunity to the early-stage data science company, which is quietly revolutionizing how independent assessment of oil & gas assets is done.

Cameron LNG liquefaction expansion project receives non-FTA export authorization

Sempra Energy said Monday that Cameron LNG has received authorization from the U.S. Department of Energy (DOE) to export an additional 1.41 Bcfd from its proposed Louisiana liquefaction expansion project to countries that do not have a free-trade agreement with the U.S.

Saudi Arabia plans shipbuilding complex to support oil exports

Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to provide sufficient capacity for exporting oil, Energy Minister Khalid Al-Falih said Sunday.

Energy veteran betting on LNG bounce sees future floating at sea

Turmoil in the oil market gave Fred Jones his start in the energy business four decades ago. Now he’ll be hoping turmoil in the gas market doesn’t sour his new venture.

Oil Search says Exxon makes ‘superior’ InterOil bid

Exxon Mobil Corp. has offered a superior bid for InterOil Corp., according to Oil Search Ltd., which is also in the running for large natural gas reserves in Papua New Guinea and the possibility to export the fuel from the Pacific nation.

Oil producers prepare for second-half slump as rally sputters

Oil producers aren’t betting on the rally. After surviving two years of low prices, they’re gearing up for a third by buying protection against a renewed downturn.

Horizontal drilling seen key to boosting output from tight conventional reservoirs

A new study indicates there is significant upside potential for U.S. oil and gas operators to apply lower-cost unconventional drilling and completion technologies to boost production from tight conventional reservoirs, according to analysis from IHS Markit.

Marathon Oil achieves first gas from Alba B3 compression platform offshore Equatorial Guinea

Marathon Oil has achieved first gas production through its new Alba B3 offshore compression platform off Equatorial Guinea.

Venezuela’s oil production fell to 13-year low in June, IEA says

Venezuelan crude production fell to a 13-year low last month as an economic crisis weighed on the OPEC member’s oil industry, the International Energy Agency said.