All posts for Reserves

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 8 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 1 year 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 1 year 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 1 year 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

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 2 years 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 years 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 years 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 years 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 years 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 2 years agoOpinion > EIAEnergy Information Administration EIAUnited States +6