Production


All posts for Production

Savannah Petroleum - Niger Early Production Scheme and Exploration Update

Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to provide an update on its forward plans for its Niger assets. Highlights Amdigh-1 well test to be performed in December 2018; Confirmation of Early Pro ...

OilVoice Press - OilVoice


Posted 9 months agoPress > SVPSavannah PetroleumNiger +6

Shell Adds Material Acreage to its Deep-Water Position in Brazil

Shell Brasil Petróleo Ltda, a subsidiary of Royal Dutch Shell plc (“Shell”), and its bid consortium member Chevron Brasil Óleo & Gás Ltda (“Chevron”), today won a 35-year production sharing contract for the Saturno pre-salt block located off the coast of Brazil in the Santos Basin. Shell will pay i ...

OilVoice Press - OilVoice


Posted 9 months agoPress > ShellRoyal Dutch ShellBrazil +5

OMV Started Production in Abu Dhabi

The production start-up of the Umm Lulu and SARB (Satah Al Razboot) fields shows an initial capacity of 50,000 barrels per day (10,000 barrels per day net to OMV), which will increase to 129,000 barrels per day (25,800 barrels per day net to OMV) by the end of 2018 and 215,000 barrels per day ( ...

OilVoice Press - OilVoice


Posted 9 months agoPress > OMVAbu DhabiProduction +6

ExxonMobil Starts New Unit to Increase Ultra-Low Sulfur Fuels Production

Production of ultra-low sulfur fuels to increase by about 45,000 barrels per day New unit relies on proprietary technology to remove sulfur while minimizing octane loss Additional chemical manufacturing construction, refining engineering underway SPRING, Texas--( BUSINESS WIRE )--ExxonMobil has ...

OilVoice Press - OilVoice


Posted 9 months agoPress > ExxonMobilExxon MobilExxon Mobil Corporation +3

Santos Targets Production of More Than 100 mmboe by 2025

Santos has outlined its plans to grow production to more than 100 million barrels of oil equivalent (mmboe) by 2025, almost doubling current levels of production. Speaking at the company's Investor Day in Sydney, Santos Managing Director and Chief Executive Officer Kevin Gallagher said the success ...

OilVoice Press - OilVoice


Posted 9 months agoPress > SantosProductionOil +3

Lundin Petroleum: Successful Appraisal Well and Extended Production Test on Alta

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the Alta appraisal well 7220/11-5 and extended production test in PL609 in the southern Barents Sea. Highlights: Results were better than ...

OilVoice Press - OilVoice


Posted 9 months agoPress > Lundin Petroleumappraisal wellwell +7

NPD: Appraisal and Test Production of the 7220/11-1 (Alta) Oil and Gas Discovery in the Barents Sea – 7220/11-5 S

Lundin Norway AS, operator of production licence 609, has concluded drilling and test production on appraisal well 7220/11-5 S on the 7220/11-1 (Alta) oil and gas discovery in the southwestern part of the Barents Sea. The well was drilled about 4 kilometres south-southwest of the discovery well, ...

OilVoice Press - OilVoice


Posted 9 months agoPress > NPDNorwegian Petroleum DirectorateNorway +7

Wintershall Norge: Oil Field Brage Has Been Producing for 25 Years

Bergen . Anniversary in the Norwegian North Sea: 25 years ago the Brage offshore platform produced its first barrel of oil. Wintershall has operated the field northwest of Bergen since 2013. "When Wintershall acquired the Brage oilfield from Equinor, we set ourselves the goal of prolonging the lif ...

OilVoice Press - OilVoice


Posted 9 months agoPress > NorwayWintershall NorgeOil Field +8

For a Sustained Growth in Oil Production Mexico’s New Government Will Need to Resume Bidding Rounds Sooner Rather Than Later

Following recent statements by Fluvio Ruiz Alarcon, a current advisor to Mexico's president-elect Lopez Obrador team and former Pemex board member, Adrian Lara, Senior Oil and Gas Analyst at GlobalData , a leading data and analytics company, offers his view on the impact on the upstream se ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > ProductionGOMMexico +2

Seasonality in Brazilian Petroleum Liquids Production is Driven by Biofuels

Source: U.S. Energy Information Administration, International Energy Statistics , and Short-Term Energy Outlook Brazil's ethanol output is seasonal and typically peaks during the fourth quarter (October–December) of each year. The peak coincides with the harvest of sugarcane, the primar ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > EIAEnergy Information Administration EIABrazil +4

Markets Have De-Valued Oil Prices: How Long Will It Last?

Comparative inventory: The most important approach to oil & gas price formation Comparative Inventory (C.I.) is the difference between current stock levels of crude oil & select refined products, and their 5-year average. C.I. has accurately predicted most of the changes in oil pric ...

Art Berman - The Petroleum Truth Report


Posted 10 months agoOpinion > Art BermanOil pricesOil +7

Production in Libya Continues to Increase as Geopolitical Pressure Eases

Libyan oil output recovered in August as security concerns  from the fighting between the Libyan National Army (LNA) and the Petroleum Forces Guard (PFG) grew. There were reports another push would be made by the PFG for control over the Sirte basin and the Ras Lanuf and Es Sider ports in late Augu ...

Kayrros


Posted 10 months agoOpinion > LibyaZawiyaSharara +6

NPD: Drilling Permit for Well 7324/3-1 in Production Licence 615

The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS a drilling permit for well 7324/3-1, cf. Section 15 of the Resource Management Regulations. Well 7324/3-1, will be drilled from the West Hercules drilling facility in position 73°57'27,39" North og 24°41'04,86" East. The d ...

OilVoice Press - OilVoice


Posted 10 months agoPress > NPDNorwayNorwegian Petroleum Directorate +6

NPD: Production Figures August 2018

Preliminary production figures for August 2018 show an average daily production of 1 870 000 barrels of oil, NGL and condensate, which is a decrease of 42 000 barrels per day compared to July. Total gas sales were 10.2 billion Sm 3 (GSm 3 ), which is a decrease of 0.4 GSM 3 from the previous mo ...

OilVoice Press - OilVoice


Posted 10 months agoPress > OilLiquidgas +4

CNOOC Limited Announces Penglai 19-3 Oilfield 1/3/8/9 Comprehensive Adjustment Project Commences Production

HONG KONG, Sept. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project has commenced production. Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project is located in south ...

OilVoice Press - OilVoice


Posted 10 months agoPress > CNOOCChinaOilfield +6