Anadarko Announces First Deepwater Discovery Offshore Mozambique

Thursday, February 18th, 2010

Anadarko Petroleum Corporation (NYSE:APC) today announced the Windjammer exploration well in the frontier Rovuma Basin offshore Mozambique has reached an intermediate casing point and encountered more than 480 net feet ...


ONGC Mittal Drills Nigerian Offshore Oil Block 279

Thursday, January 28th, 2010

ONGC Mittal Energy Ltd., the joint venture between India’s ONGC Videsh Ltd. and Mittal Investments, started exploration drilling in Nigeria’s deep-water Block 279. The venture plans to complete drilling by ...


Chinese Oil Demand Grows

Tuesday, January 26th, 2010

Chinese oil demand in December 2009 increased by 16.1% to 34.52 million tonnes or 8.16 million bpd compared with 29.74 million tonnes in December 2008, according to a new report. The ...


Production of 4m barrels of oil possible in 2010, says minister

Tuesday, January 19th, 2010

Odein Ajumogobia, minister of state for petroleum, on Monday said the target of producing four million barrels of crude oil per day in 2010 was realisable. Ajumogobia spoke while inaugurating the ...


ExxonMobil Farms-in to Petrobras – TPAO Agreement Offshore Black Sea

Tuesday, January 12th, 2010

Approximately 7.4 million acres to be explored in Turkish Black Sea ExxonMobil and Petrobras to bring global deepwater experience to Black Sea ExxonMobil and Petrobras will each hold a 25 percent interest ...


Crude oil storage facility in the Caribbean

Sunday, January 10th, 2010

China has taken over from Saudi Arabia the lease of a giant crude oil storage facility in the Caribbean that gives Beijing unprecedented access to fuel and oil markets in ...


Oyo Pumps First Oil Offshore

Tuesday, January 5th, 2010

Allied Energy and Eni, through its affiliate Nigerian Agip Exploration, have started up production from the Oyo oil field, located in the Niger Delta Deep offshore, about 75 kilometers off ...


Jubilee Fields: 278 million barrels of oil expected in first phase

Tuesday, December 8th, 2009

Accra, Dec. 7, GNA - The first phase of oil drilling in the Jubilee Fields is expected to yield about 278 million barrels of oil, an official of the Ghana National Petroleum ...


Shell successful in South African offshore bid

Thursday, November 5th, 2009

The South African Petroleum Authorities today confirmed Royal Dutch Shell plc as the successful bidder for exploration rights in the Orange Basin deep-water area, off the country’s west coast. Shell ...


China National Offshore Oil Corporation (CNOOC)’s effort to buyoff 23 prime blocks currently owned and operated by Shell, Chevron, Exxon Mobil and Total

Tuesday, November 3rd, 2009

China National Offshore Oil Corporation (CNOOC), is said to be discussing with   the Federal Government to acquire some oil blocks, which are presently belong to the multinational oil and gas companies. ...


Import terminal to handle 210 thousand metric tons of fuel in Lagos would be completed in three years

Friday, October 16th, 2009

Nigeria: President Umaru Musa Yar’Adua yesterday said that the laying down of arms as a result of the general amnesty granted to all militants has restored peace in the Niger ...


Nigeria’s crude oil output is hovering between 1.6 and 1.7 million barrels

Tuesday, October 13th, 2009

US crude for November delivery rose $0.45 to $72.22 by 4am EDT. London Brent crude added $0.50 to $70.50. -------------------- Nigeria's crude oil output is hovering between 1.6 and 1.7 ...


September fleet update

Monday, October 5th, 2009

Songa Venus has achieved operating efficiency of 100% during the month. The rig is currently operating for the ADA Consortium and CNOOC Australia offshore North West Australia.   Songa Mercur has achieved ...


London Brent rose $0.04 to $65.58

Tuesday, September 29th, 2009

US crude futures for November gained $0.03 to $66.87 a barrel by 06.40 GMT (2.40am EDT), after closing up $0.82 on Monday, reported Reuters. -------------------- Unrest in Nigeria's oil-rich Niger Delta is ...


Eni enters Ghana through the acquisition of two offshore exploration blocks

Tuesday, September 29th, 2009

The new license participating interests, which will be the same for both blocks, will be Eni Ghana Exploration and Production Limited 47.22% (and operator); VUGL 37.78%; and state company Ghana ...


Oil discovery in the Venus-B1 exploration well offshore Sierra Leone

Thursday, September 17th, 2009

Anadarko Petroleum Corporation, the operator of the deepwater Venus-B1 exploration well in Sierra Leone, in which Tullow Oil plc (Tullow) is a 10% partner, today issued the following press release. HOUSTON, ...


Eni starts up production in the Blacktip gas field, offshore Australia

Tuesday, September 15th, 2009

The Field, which is 100% owned and operated by Eni, will deliver gas to the Northern Territory's Power Water Corporation (PWC) for over a period of 25 years, with supply ...


LUKOIL STARTS TRANSPORTATION OPERATIONS TO ASSEMBLE FIXED OFFSHORE ICE-RESISTANT PLATFORM AT YU. KORCHAGIN FIELD IN THE CASPIAN SEA

Wednesday, July 29th, 2009

LUKOIL has started the next development stage of Yu. Korchagin field in theCaspian Sea today. The fixed offshore ice-resistant platform, the main production facility to be used for production drilling and ...


Cameroon: Total Awarded New Offshore Exploration Block

Tuesday, July 21st, 2009

 Total announces that its 75.8% - owned affiliate, Total Exploration & Production Cameroon, has been awarded by the Ministry of Industry, Mining and Technological Development of Cameroon the Lungahe exploration ...


Technip awarded two major lump sum turnkey contracts by the Saudi Aramco Total

Monday, July 13th, 2009

TECHNIP AWARDED TWO MAJOR CONTRACTS FOR THE NEW JUBAIL EXPORT REFINERY IN SAUDI ARABIA Technip has been awarded two major lump sum turnkey contracts by the Saudi Aramco Total Refining and ...


Uruguay received offers for offshore exploration and production

Monday, July 6th, 2009

Despite all the international difficulties for investments in new areas for oil exploration, the oil giant PETROBRAS, YPF and GALP formed a consortium to present E&P bids for two of ...


LUNDIN PETROLEUM COMPLETES TUONG VI-1X EXPLORATION WELL, OFFSHORE VIETNAM

Friday, June 26th, 2009

Lundin Petroleum AB (Lundin Petroleum) announces that the exploration well 06/94-TV-1X (Toung Vi-1X) offshore Vietnam has reached a target depth of 2,700 meters. The primary target of the well was the ...


Total Awards CGGVeritas Major 4D Inversion Project

Wednesday, June 3rd, 2009

CGGVeritas has been awarded a major seismic reservoir characterization project by Total E&P Angola and their partners. The award is for the inversion of 4D seismic data covering the Dalia, ...


Acergy S.A. awarded $190 million contract offshore Nigeria

Monday, June 1st, 2009

Acergy S.A. (NASDAQ-GS: ACGY; Oslo Stock Exchange: ACY) announced today the award of a contract valued at approximately $190 million from MOBIL Producing Nigeria Unlimited (MPN), an affiliate of Exxon Mobil ...


Oil News from around the web, US crude climbed 43 cents, or 0.7%, at $63.88 a barrel ; Ghana signs two agreements with China; Oberon oil discovery in ultra-deepwater block 31

Thursday, May 28th, 2009

)))))))))Light, sweet crude for July delivery was recently up 43 cents, or 0.7%, at $63.88 a barrel on the New York Mercantile Exchange. Brent crude on the ICE Futures exchange ...


Egypt: Total enters into an offshore exploration permit in the Nile Basin

Tuesday, May 19th, 2009

Total announces that, within the framework of the EGAS 2008 international bid round organized by the Egyptian authorities, it has been awarded a 90% participation in and the operatorship ...


BP Awarded Two Exploration Blocks in Egas International 2008 Bid Round

Friday, May 15th, 2009

BP has announced that the Egyptian Natural Gas Holding Company (EGAS) has awarded the company two blocks in the 2008 International bid round on the Egyptian Offshore Nile Delta. Block 2 ...


Chevron Confirms Discovery Offshore Republic of the Congo

Thursday, May 7th, 2009

SAN RAMON, Calif.--(BUSINESS WIRE)--May. 7, 2009-- Chevron Corporation (NYSE:CVX) today confirmed a discovery within the Moho-Bilondo license in the Republic of the Congo. The Moho Nord Marine-4 well, in which Chevron ...


Total and INPEX launch the offshore FEED for the Ichthys LNG project in Australia

Thursday, April 30th, 2009

 Total announces that the joint venture holding the Australian exploration permit WA-285-P (Total 24%, INPEX 76% operator) has decided to launch the Front End Engineering and Design (FEED) for the ...


OMV with its first offshore oil discovery in Libya

Thursday, April 23rd, 2009

Successful exploration well in the offshore Sirte Basin A natural flow rate of up to 1,264 bbl/d was achieved during the test OMV strengthens its position in the North Africa core region OMV ...


TGS Begins 2D Regional Multi-Client Project Offshore Benin

Sunday, April 19th, 2009

TGS-NOPEC Geophysical Company (TGS) has commenced acquisition on a new 3,500-kilometer multi-client 2D seismic survey in offshore Benin. The Benin 2D program is an extension of the 10,000 kilometers of TGS ...


Eni makes a new discovery in Offshore Indonesian Kutei Basin

Monday, April 6th, 2009

The Jangkrik discovery, drilled in 400 meter water depth, represents a significant success in Eni's exploration efforts in the Kutei Basin and further confirms the high potential of its portfolio ...


Songa Fleet Update

Friday, April 3rd, 2009

Songa Venus has achieved operating efficiency of 89% in March. The rig is operating for Shell Australia offshore North West Australia. Songa Mercur has achieved operating efficiency of 96% in ...


Aker Solutions awarded upgrading contract for the Heidrun platform

Friday, April 3rd, 2009

StatoilHydro has awarded Aker Solutions an engineering, procurement, construction and installation (EPCI) contract at Heidrun. The object of the Heidrun Production Pipeline project is to facilitate increased gas capacity production. ...


Kosmos Energy’s Tweneboa-1 Well Makes Significant Discovery Offshore Republic of Ghana

Monday, March 9th, 2009

Company Marks Fourth Consecutive Find on Ghanaian Acreage DALLAS--(BUSINESS WIRE)--Kosmos Energy announces today that the Tweneboa-1 well has discovered a light hydrocarbon accumulation in the Tano Basin offshore the Republic of ...