Oil


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S&P Global FACTBOX: Physical Oil Markets in Flux Ahead of Key OPEC/Non-OPEC Meeting

  Changing output policy will increase supply of sour crudes Huge imbalance between sweet, sour crudes Growing glut of sweet crudes in Atlantic Basin The oil market currently bears a very different look compared to January 2017 when the 1.8 million b/d OPEC/non-OPEC output cuts were fir ...

OilVoice Press - OilVoice


Posted 2 hours agoOpinion > S&P Global PlattsOilOPEC +3

NPD: Production Figures May 2018

Preliminary production figures for May 2018 show an average daily production of 1 629 000 barrels of oil, NGL and condensate, which is a decrease of 236 000 barrels per day compared to April. Total gas sales were 9.6 billion Sm 3 (GSm 3 ), which is a decrease of 0.5 GSM 3 from the previous mont ...

OilVoice Press - OilVoice


Posted 3 hours agoPress > NorwayNPDNorwegian Petroleum Directorate +3

Mayan Energy Ltd Zink Ranch Field Development Programme

Mayan (AIM: MYN), the AIM listed oil and gas company, is pleased to provide an update on its proposed low-cost development programme at the 1,520 net acre Zink Ranch Field (‘Zink Ranch'), Osage County, Oklahoma in which the Company has a 100% working interest (‘WI') and 75% net revenue interest (‘N ...

OilVoice Press - OilVoice


Posted 3 hours agoPress > Mayan EnergyAIMOil +6

The Fed Is Driving Down Oil Prices

By Nick Cunningham of Oilprice.com The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world. The U.S. Federal Reserve announced another rate hike a few days ago, which ...

Oilprice Staff


Posted 12 hours agoOpinion > United StatesUSFederal Reserve +4

FACTBOX: Venezuela's Near Collapse Takes Toll On Oil Industry

Venezuela's near economic collapse has taken a toll on the country's oil production, causing shifts in oil flows as buyers look to secure alternative supplies. As workers have fled the country, state-owned oil company PDVSA has had a difficult time maintaining crude output, let alone boosting prod ...

OilVoice Press - OilVoice


Posted 18 hours agoOpinion > S&P Global PlattsVenezeulaOil +5

Bass Oil: Onshore Indonesian Oil Operations Update – May 2018

Highlights New multi-year high monthly average oil price of US$70.51 realised from sales from theCompany's 100%-owned Tangai-Sukananti oil field in onshore Sumatra, Indonesia 9% higher total May production of 18,500 barrels of oil (JV share) or 10,175 barrels (net to Bass) May oil sa ...

OilVoice Press - OilVoice


Posted 18 hours agoPress > Bass OilonshoreIndonesia +4

Empyrean Energy: Oil Migration Study Completed - Block 29/11 Offshore China

Large Jade and Topaz prospects interpreted to be potenally filled from at least two different pathways Large Pearl prospect interpreted to be filled via a pathway from the large oil field to the North Proven Baiyun Sag East ("BSE") basin interpreted to have oil migraon pathway to Block ...

OilVoice Press - OilVoice


Posted 2 days agoPress > Empyrean EnergyOilOffshore +6

Gazprom and Bolivia Stepping Up Cooperation in Oil and Gas Sector

A working meeting between  Alexey Miller , Chairman of the Gazprom Management Committee, and Evo Morales, President of the Plurinational State of  Bolivia , took place on June 14 at the Company's office in Moscow. Evo Morales and Alexey Miller Enlarged photo (JPG, 1.1 MB) The parties ...

OilVoice Press - OilVoice


Posted 2 days agoPress > GazpromRussiaBolivia +6

Elk Petroleum Roadmap to 100 mmbbls and Beyond

Company in-line to meet or exceed FY2018 guidance – production, LOE & CAPEX Aneth Oil Field operations running in-line with forecast, under budget and ahead of schedule High-return Aneth development projects commence with McElmo Creek Unit well deepening program Aneth term loan ...

OilVoice Press - OilVoice


Posted 5 days agoPress > Elk PetroleumOilMcElmo Creek Unit +1

Diversified Gas & Oil PLC - Proposed Acquisition

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, confirms that it has signed a non-binding letter of intent to acquire a network of further gas and oil producing assets in the Appalachian Basin (the “Acquisition”) for a total cash consideration of approximately $575 million. ...

OilVoice Press - OilVoice


Posted 5 days agoPress > AcqusitionDiversified Gas & OilDGOC +4

Can Saudi Arabia Prevent The Next Oil Shock?

By Cyril Widdershoven for Oilprice.com The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump's Twitter diplomacy, perceiv ...

Oilprice Staff


Posted 5 days agoOpinion > oilpriceSaudi ArabiaOil +5

ExxonMobil Advances Liza Phase 1 Development

Development drilling commences, facility construction under way; first oil in 2020 Production from three developments to exceed 500,000 barrels per day About 50 percent of in-country workforce is Guyanese IRVING, Texas--( BUSINESS WIRE )--The Liza Phase 1 development continues to rapidly progre ...

OilVoice Press - OilVoice


Posted 6 days agoPress > ExxonMobilExxon Mobil CorporationExxon Mobil +4

Kayrros Extends Presence to London, Continues Initial Expansion of Office Network

Kayrros increases its global reach with a new presence in London and Dubai, coupled with offices in Paris, Houston, New York and Singapore PARIS,  9 June 2018 —Kayrros announced the opening of its London office this week, with the appointment of Christer Odegaard as ...

Kayrros


Posted 7 days agoPress > LondonOilSingapore +5

New ASTM International Guide Outlines Techniques to Measure Viscosity of In-Service Oil

ASTM International's committee on petroleum products, liquid fuels, and lubricants ( D02 ) has created a new standard (soon to be released as D8185) that will serve as a guide for determining how to measure viscosity of in-service oil. According to committee members, anyone with a technical backgr ...

OilVoice Press - OilVoice


Posted 7 days agoPress > ATSMpetroleumOil +1

Local Government out of its Depth Opposing Oil Drilling in the Great Australian Bight

By independent energy consultant, Adelaide-based Dr Graeme Bethune   It's ironic SA's local government is being manipulated to oppose oil exploration in the Great Australian Bight. Councils' claims, led by Kangaroo Island, include that they express the ‘voice of hundreds of thousands', drill ...

OilVoice Press - OilVoice


Posted 7 days agoOpinion > Local GovernmentOilDrilling +3