Production


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Rystad Energy Release: US Oil Set to Beat EIA’s Forecast Again: 11.15 Million Bpd is Low Case For August

On the eve of publication of the EIA-914 and EIA PSM reports tomorrow (October 31), providing US monthly oil production data for August 2018, Rystad Energy analysis indicates that the market should expect significant outperformance of US oil production compared to the EIA's predictions. The EIA's ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > United StatesUSARystad Energy +4

Mexico's Crude Production is Destined to Plummet in the Long Run if the New Government’s Strategy Focuses Only on Pemex, says GlobalData

Following the news that Mexico's new government will focus only on Pemex to support crude oil production, David Bautista, Oil and Gas Analyst at GlobalData , offer his view on the effect of this on the industry: “In order to reach the 2,480 thousand barrels per day (mbd) crude oil pro ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > MexicoPemexGlobalData +3

NPD: Drilling Permit For Well 34/8-18 S in Production Licence 120

The Norwegian Petroleum Directorate has granted Equinor ASA a drilling permit for well 34/8-18 S, cf. Section 15 of the Resource Management Regulations. Well 34/8-18 S will be drilled from the drilling facility on the Visund A platform. The drilling programme for well 34/8-18 S relates to the dr ...

OilVoice Press - OilVoice


Posted 11 months agoPress > NPDDrillingPermit +8

NPD: Delineation of the 35/12-2 (Grosbeak) Oil and Gas Discovery in the North Sea – 35/11-21 S and 35/11-21 A

Wellesley Petroleum AS, operator of production licence 248 I, has concluded the drilling of appraisal wells 35/11-21 S and 35/11-21 A on the 35/12-2 (Grosbeak) oil and gas discovery. The wells were drilled about 10 km northeast of the Fram field in the northern part of the North Sea, and 84 km so ...

OilVoice Press - OilVoice


Posted 11 months agoPress > NPDNorwegian Petroleum DirectorateNorth Sea +7

Serica Energy: Restart of Erskine Production

Serica Energy plc (AIM: SQZ) is pleased to announce that the remedial action to remove the gas hydrates in the Erskine to Lomond pipeline has been completed. Production from Erskine has restarted and flow rates are being optimised. Further updates will be provided once the re-commissioning proce ...

OilVoice Press - OilVoice


Posted 11 months agoPress > Serica EnergyAIMErskine Field +3

Australia's Bass Oil Heading For Record Monthly Output In October Form Onshore Indonesian Wells

Bass Oil (ASX: BAS) is pleased to announce that during October it has achieved sustained high daily oil production levels averaging almost 900 barrels of oil per day (bopd) Joint Venture share, at the Tangai Sukanati KSO. The company is on track to challenge the previous Joint Venture producti ...

OilVoice Press - OilVoice


Posted 11 months agoPress > AustraliaBass OilASX +5

CNOOC Limited Announces Key Operational Statistics for the Third Quarter of 2018

HONG KONG, Oct. 25, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the third quarter of 2018. The Company achieved a total net production of 113.8 million barrels of oil equivalent ("BOE") for the third quarte ...

OilVoice Press - OilVoice


Posted 11 months agoPress > CNOOCChinaOperational Update +3

Gazprom to Start Production Drilling at Kovyktinskoye Field in 2019

A working meeting between  Alexey Miller , Chairman of the Gazprom Management Committee, and Sergey Levchenko, Governor of the Irkutsk Region, took place in St. Petersburg today. Alexey Miller Enlarged photo (JPG, 3.2 MB) The parties discussed ongoing and future cooperation, noting th ...

OilVoice Press - OilVoice


Posted 11 months agoPress > GazpromProductionDrilling +6

NPD: Delineation of the 25/4-3 (Gekko) Gas and Oil Discovery in the North Sea – Wells 25/4-13 S and 25/4-13 A

Aker BP ASA, operator of production licence 203, has completed the drilling of appraisal wells 25/4-13 S and 25/4-13 A on the gas and oil discovery 25/4-3 (Gekko). The wells were drilled about 5 kilometres east of the Volund field and 200 kilometres northwest of Stavanger. The discovery was prov ...

OilVoice Press - OilVoice


Posted 11 months agoPress > NorwayNPDNorwegian Petroleum Directorate +10

Rystad Energy's Oilfield Service Newsletter: FPSO Market Alive and Making Strides Again

The global floating production market has stirred back to life after enduring a couple years in virtual hibernation during the downturn. Last year brought some relief to the market, with six new FPSO orders worldwide , and with oil prices recovering to around $80 per barrel this year, combined w ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > Rystad EnergyOilfield ServicesFPSO +4

Engage with both the E&P community and financial sector at SPE's London Annual Conference.

SPE London Conference 23 October 2018 | Gibson Hall London, England, UK Hear expert opinion on oil and gas investment opportunities at SPE's London Annual Conference. With now only a week to go, register your place today to engage with both the E&P community and financial sectors. Hear from top ...

Kate Dunn


Posted 11 months agoPress > EnergyOil and GasFinance +22

Arthur D. Little Analysis Finds Collaboration is Central to Unlocking Enormous Oil and Gas Potential of US Permian Basin

London, 17 October, 2018 – Arthur D. Little (ADL) today released analysis that highlights the vast potential of shale oil & gas extraction across the US Permian basin. Production in the area, which spans Texas and New Mexico, could reach 5.4 million barrels of oil equivalent (BOE) per day by 2023, ...

OilVoice Press - OilVoice


Posted 11 months agoPress > Arthur D. LittleOilgas +7

Matra Petroleum AB: Operational Update

Matra Petroleum's total oil and gas production*, gross, in the third quarter 2018 increased by 25% to 76,814 barrels of oil equivalent ("boe") (Q2 2018: 61,530 boe). The average daily production increased to 835 barrels of oil equivalent per day ("boepd") (Q2 2018: 676 boepd). In early Octo ...

OilVoice Press - OilVoice


Posted 11 months agoPress > Matra PetroleumOperational UpdateProduction +2

NPD: Drilling Permit For Well 6706/6-2 S in Production Licence 847

The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for well 6706/6-2 S, cf. Section 15 of the Resource Management Regulations. Well 6706/6-2 S will be drilled from the Transocean Spitsbergen drilling facility in position 67°37'20.60"N and 6°45'57.57"E. The d ...

OilVoice Press - OilVoice


Posted 11 months agoPress > NPDNorwegian Petroleum DirectorateDrilling +6

Natural Gas Risky Business: What, Me Worry?

Natural gas storage is at record low levels but prices are falling going into winter heating season. Markets seem to be betting that wellhead supply will be sufficient to cover demand this winter. That may be but at what gas prices? This is a game of natural gas risky business. Natural gas 6- ...

Art Berman - The Petroleum Truth Report


Posted 1 year agoOpinion > natural gasStorageArt Berman +3