Reserves


All posts for Reserves

Oil and Gas Discoveries in Southwest Africa Set to Open New Basins for Development

By  NJ Ayuk, Executive Chairman, African Energy Chamber   Last spring, the Maersk  Voyager,  an ultra-deepwater drillship under contract by French supermajor Total, drilled a wildcat well in the deepest water ever — 3,628 meters (11,903 feet) in Block 48, a massive area with potentially huge oil r ...

Aydanur Akkurt - Africa Oil & Power


Posted 3 days agoOpinion > AfricaAfrican EnergyAfrican Energy Chamber +25

Libya Unites Large-Scale Production with Frontier Potential

Home to the largest recoverable reserves on the continent, Libya's vast and underexplored basins are sparking the interest of major operators, as the North African producer seeks to sustain oil output in the long-term. While Libya saw the temporary halt of its oil production earlier this year due ...

Aydanur Akkurt - Africa Oil & Power


Posted 7 days agoLink > AfricaAfrican EnergyEnergy +24

The DRC: A Resource-Rich Country

Read more on the DRC's resource-rich potential in the Africa Energy Series Special Report: DRC 2020 – the leading investor resource for tracking the country's current and future movements within the sector. The Democratic Republic of the Congo (DRC) is considered to be one of Africa's richest cou ...

Aydanur Akkurt - Africa Oil & Power


Posted 17 days agoLink > DRCOilPower +36

Timeline: Developing South Sudan’s Oil Industry

Read about South Sudan's growing oil sector and more in the Africa Energy Series Special Report: South Sudan 2020 – the leading investor resource for tracking South Sudan's current and future movements within the sector. While South Sudan discovered first oil 45 years ago, it remains one of the f ...

Aydanur Akkurt - Africa Oil & Power


Posted 20 days agoLink > South SudanSouth Sudan Oil & Power 2021Africa +19

Gabon’s Key Energy Facts

Read more about Gabon's growing hydrocarbon sector and more in the Africa Energy Series Special Report: Gabon 2020 – the leading investor resource for tracking the country's current and future movements within the sector. To reach its ambitious hydropower goals, the country's renewable energy dev ...

Aydanur Akkurt - Africa Oil & Power


Posted 23 days agoLink > GabonAfrica Energy SeriesAfrica +27

Mozambique Showcases Mega Gas Potential

Recently selected as Africa Oil & Power's “Person of the Year” for 2020, President Nyusi has been at the helm of Mozambique's energy sector during its many recent successes, establishing natural gas as a means of generating long-term economic diversification, skills development and job creation ac ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoLink > MozambiqueMozambique Gas & PowerMGP2021 +23

U.S. oil and natural gas proved reserves and production set new records in 2018

Just as quickly as they spiked, crude oil prices have now fallen back to their lowest levels in 6 weeks, trading at the subdued levels seen in late November before the OPEC+ club announced its renewed oil supply deal. Despite assassinations, embassy stormings and ballistic missile retaliations, t ...

Hui Shan


Posted 10 months agoLink > ProductionsuppplyReserves +5

This Week in Petroleum

Oil company finding costs reached a 10-year low in 2018 In 2018, a group of the world's largest crude oil and natural gas producers added more hydrocarbons to their resource base than in any year since at least 2009, according to the annual reports of 116 exploration and production (E&P) companies ...

Hui Shan


Posted 1 year agoOpinion > CrudeOilDrilling +4

Mastering Finance for Non-Financial Oil and Gas Personnel

This 2 day course allows personnel who don't have a financial background to understand the basic principles, theory and practice of financial reporting and analysis as they apply to the oil and gas industry. What you will learn how to interpret, understand and act on financial information how t ...

MDT International - MDT International Ltd


Dubai   Dubai   AE 12 Mar 2019


Posted 1 year agoTraining > non-financialoil and gas professionalsbasic principles +14

Stronger Oil and Natural Gas Prices Combined with Development of Shales and Low Permeability Formations Lift U.S. Crude Oil and Natural Gas Proved Reserves to Record Levels in 2017

Stronger oil and natural gas prices combined with development of shales and low permeability formations lift U.S. crude oil and natural gas proved reserves to record levels in 2017 Proved reserves of crude oil in the United States increased 19.5% from year-end 2016, rising to 39.2 billion barre ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Oilnatural gasoil price +5

Cabot Energy Announces Results of Annual Reserves and Resources Report

Cabot Energy (AIM: CAB), the AIM quoted oil and gas company creating predictable production growth in Canada balanced with high impact exploration in Italy, announces the results of its annual reserves and resources report for its production and development assets in Canada. The results are as dete ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Cabot EnergyAIMEarnings +4

The Oil Business in South Africa is Going Down

One of the most important resources that a country could have during the 20th century and even today is oil or gas. South Africa unfortunately, doesn't show much promise in that departments as their proven oil and gas reserves are close to nothing. The exploration for these resources started in 191 ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > Nick JamesSouth AfricaOil +7

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 2 years 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 2 years 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 2 years agoPress > RussiaGazpromgas +5