All posts for Reserves

Equinor: Oil Discovery in the Norwegian Sea More Than Double the Remaining Norne Oil Reserves

The Norne FPSO in the Norwegian Sea. (Photo: Anne-Mette Fjærli) Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more ...

OilVoice Press - OilVoice

Posted 17 days agoPress > EquinorEquinor EnergyNorway +5

Strategic Stockpiling to Support China's Crude Imports

China's strategic petroleum reserve (SPR) depot in Jinzhou officially started filling in August 2018, bringing the existing depot capacity to a total of 249.1 million barrels, according to ESAI Energy's new released China Watch report. The launch of this site suggests that Beijing is slowly progr ...

OilVoice Press - OilVoice

Posted 1 month agoOpinion > ESAIESAI EnergyChina +4

Gazprom’s Gas Reserves on Russian Continental Shelf Add 768 Billion Cubic Meters in 2018

The Gazprom  Board of Directors  took note of the information on the Company's mineral and raw material base. It was highlighted that Gazprom had the largest amount of explored natural gas reserves in the world, totaling 35.4 trillion cubic meters (А+В1+С1 categories) as of December 31, 2017. Due ...

OilVoice Press - OilVoice

Posted 1 month agoPress > RussiaGazpromgas +5

NPD: Doubled Reserves – Won IOR Prize

The licensees for the Alvheim field in the North Sea have been awarded the Norwegian Petroleum Directorate's improved oil recovery (IOR) prize because of their willingness to accept risk. Adopting new technology, sharing data and being able to view a wider area as a whole have helped to more than ...

OilVoice Press - OilVoice

Posted 1 month agoPress > NPDNorwegian Petroleum DirectorateNorway +6

Senex Energy: FY18 Results

Senex Energy Limited (Senex, ASX:SXY) today announced its FY18 results and a return to growth, delivering increased reserves, production, revenue and operating cashflow. Senex Managing Director and Chief Executive Officer, Ian Davies, commented: “The 2018 financial year started very strongly fo ...

OilVoice Press - OilVoice

Posted 2 months agoPress > ResultsASXSenex Energy +7

Petro River Announces Year End Financials and 2018 Guidance

New York, NY, July 31st, 2018 Petro River Oil Corp. ( PTRC ) (“Petro River” or the “Company”) is pleased to announce its year end April 30, 2018 financials and 2018 guidance.    Highlights include: 1,131% increase in oil and gas production this year from the fiscal year ending April 30, 2017.  ...

OilVoice Press - OilVoice

Posted 2 months agoPress > Petro RiverfinancialsPTRC +4

Senex Energy 2018 Annual Reserves Statement

Senex Energy Limited (Senex, ASX:SXY) today released its estimate of reserves and contingent resources as at 30 June 2018, which included the inaugural reserves booking for Project Atlas and upgrades to the Western Surat Gas Project. Senex engaged the services of DeGolyer and MacNaughton (D&M) ...

OilVoice Press - OilVoice

Posted 2 months agoPress > ReservesSenex EnergyASX +3

Senex Energy Quarterly Report Q4 FY18

During the fourth quarter of FY18, Senex Energy (Senex, the Company, ASX:SXY) delivered materially higher revenue driven by increased production and a higher realised oil price. Highlights include: Net production: Senex produced approximately 270,000 barrels of oil equivalent (boe), up 42% fo ...

OilVoice Press - OilVoice

Posted 2 months agoPress > Senex EnergyASXQuarterly Report +4

Oil Company Additions to Proved Reserves in 2017 Were the Highest Since 2013

Source: U.S. Energy Information Administration, based on Evaluate Energy Note: Rest of world includes associated companies' reserves with unspecified geographies. In 2017, a group of the world's largest publicly traded oil and natural gas producers added more hydrocarbons to their resource b ...

OilVoice Press - OilVoice

Posted 3 months agoOpinion > EIAEnergy Information Administration EIAUnited States +6

Petro River Reports 175% Increase in Proved Reserves and 1,053% Increase in Production from Last Year; Doubles Down on 2018 Development Plans

PETRO RIVER REPORTS 175% INCREASE IN PROVED RESERVES AND 1,053% INCREASE IN PRODUCTION Projects Positive net cash flow for next quarter and doubles down on 2018 development plans NEW YORK, NY, June 20, 2018 Petro River Oil Corp . ( OTCBB: PTRC ) (“Petro River” or the “Company”), is an i ...

OilVoice Press - OilVoice

Posted 4 months agoPress > Petro River OilProductionProven Reserves +2

Can Saudi Arabia Prevent The Next Oil Shock?

By Cyril Widdershoven for 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 4 months agoOpinion > oilpriceSaudi ArabiaOil +5

Elsevier Expands Indonesian Content in Geofacets, Mitigating Risk in Upstream Oil and Gas Research Efforts

Companies can reduce research time up to 50 percent in new exploration areas of reserves valued at 120 billion USD New York, June 5, 2018 – Elsevier , the information analytics business specializing in science and health, has today announced an expansion of Geofacets , its information soluti ...

OilVoice Press - OilVoice

Posted 4 months agoPress > IndonesiaupstreamOil +5

Victoria Oil & Gas: Logbaba Field Reserves Update

Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, is pleased to provide the following update, based on internal estimates, on the reserves position for the Logbaba Field in Cameroon. This follows evaluation of the results obtained from seismic reprocessing, inc ...

OilVoice Press - OilVoice

Posted 4 months agoPress > Victoria Oil & GasCameroonLogbaba Field +3

OMV and ADNOC Sign a New Offshore Concession Agreement

OMV awarded 20% stake in two oil fields offshore concessions in Abu Dhabi: SARB and Umm Lulu Substantial increase of OMV's reserves of around 450 mn boe Long-term plateau expected at 40 kbbl/d (net to OMV) Major step towards OMV's delivery on the strategy 2025 His Highness Sheikh Mo ...

OilVoice Press - OilVoice

Posted 5 months agoPress > OffshoreOMVADNOC +6

CNOOC Limited: Reserve and Profit Significantly Increased, Net Profit Greatly Improved

HONG KONG, March 29, 2018 /PRNewswire/ -- CNOOC Limited (the "Company") (SEHK: 00883) (NYSE: CEO) (TSX: CNU) today announced its 2017 annual results for the year ended December 31, 2017. The Company significantly advanced work in exploration, development and production throughout 2017, which have ...

OilVoice Press - OilVoice

Posted 6 months agoPress > CNOOCProfitReserves +3