Production ///

Keystone XL pipeline gets enough shipper pledges to proceed

TransCanada Corp. has enough customer interest to go forward with the Keystone XL oil pipeline, if the company decides to build it.

Tullow Oil, Eco Atlantic enter Phase Two for Orinduik Block, offshore Guyana

Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licenses in highly prospective regions in South America and Africa, announces that at the Company and Tullow Oil (together “the Partners”) on the Orinduik Block, have elected to enter Phase Two of the Initial Period under the Petroleum Agreement and Prospecting License, Orinduik Block, offshore Guyana.

Nigeria's Shoreline in $530-million deal to boost oil output

Shoreline Group, a Nigerian oil producer, plans to almost double its crude output after agreeing a $530-million finance deal with Vitol Group and local lenders.

An oil giant shrinks in Asia as dirty skies turn cash toward gas

China’s crude oil production will likely extend it’s slide into a third year as state-run giants focus on pumping natural gas to meet President Xi Jinping’s drive to use more of the cleaner-burning fuel.

OPEC-Russia deal faces a new danger: Too much winning

When OPEC and Russia meet this weekend to review their strategy for clearing a global oil glut, they’ll face an unusual problem: it could be working just a bit too well.

RRC Chairman Craddick: When it comes to NAFTA, mend it—don't end it

Many Texans support NAFTA based on the premise that it allows American workers and businesses to compete on a level playing field with anyone in the world.

Talos Energy reports initial production from Tornado II

Talos Energy LLC has announced initial production from the Tornado II deepwater well (GC 281 #2ST), located in Phoenix field of the Green Canyon area of the Gulf of Mexico in approximately 2,700 ft of water.

Mozambique's gas-rich north faces specter of further attacks

Sporadic attacks by gunmen in northern Mozambique will probably continue although they’re unlikely to hurt investment in the region’s sizable gas resources, Control Risks Ltd. said, after seven people were killed in raids in the past week.

Kuwait says exit from oil cuts not on table as prices rise

OPEC and other global oil producers including Russia won’t be discussing how to end output cuts when they meet this weekend in Oman even as crude prices have recently been rising, Kuwait’s oil minister said.

Flow of unwanted oil from China is set to turn into a deluge

The pace at which China exports the fuel it doesn’t want is set to jump by more than four times in 2018, according to the nation’s biggest energy producer.

What's ahead for western Europe's biggest oil nation

After suffering through the worst crisis in a generation, Norway’s oil industry is now back on its feet.

India pitches bigger oil resource pie in bid to lure investments

India has increased the size of its oil and natural gas resources by 50% because of better data, according to the country’s oil regulator.

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) recently launched the Rolligon dry additive mix unit, which uses a custom-designed mixer to pre-mix the gel powder with water on the fly, giving optimum gel quaity even at high rates.

World of Oil & Gas

Emily Querubin, World Oil

Alongside its partners, Petoro (30%) and Spirit Energy (20%), Wintershall (50%) announced the start of production at Maria field.

What's New in Production

Don Francis, Contributing Editor

May you live in interesting times

ExxonMobil encounters hydrocarbons onshore Papua New Guinea

ExxonMobil today announced that it encountered hydrocarbons after drilling the onshore P’nyang South-2 well, located in the Western Province of Papua New Guinea.

Oil trades near three-year high as OPEC members reassure on cuts

Oil traded near the highest close in more than three years as Iraq echoed a call by the United Arab Emirates and other producers for OPEC-led output cuts to continue, despite recent price gains.

Record betting on oil's rally begs question: How far can it go?

Another week of rising oil price and another record for money manager bets on gains. But can it last?

Iraq joins UAE in calling to keep cuts despite oil gains

Iraq joined the United Arab Emirates, Qatar and Oman in calling for OPEC and allied producers to stick with their agreement to cut oil output until the end of the year, despite recent price gains.

Fracers arise from oil-price rout on a course to dominate 2018

Less than two weeks in, 2018 is shaping up to be the year of the fracer.