News

  • POGC head outlines South Pars gas targets

    Gas production from the South Pars field in the Persian Gulf should increase by 60 MMcm/d by end-March 2020, according to news service Shana.   Mohammad Meshkinfam, CEO of Pars Oil and Gas Company, said that five new platforms would become operational in the field…

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  • Iranian Oil Shipments Slide Under US Sanctions

    Iran’s oil shipments tumbled this month after the US ended sanctions waivers which allowed eight governments to buy from the Persian Gulf country.   So far, not a single ship has been seen leaving Iran’s oil terminals for foreign ports in tanker tracking data compiled…

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  • Peshkabir has generated US$1 billion, 4x Total Spend

    DNO, as operator of the Tawke field in Iraqi Kurdistan, has issued an update on licence activity.   Gross production from the Tawke licence, containing the Tawke and Peshkabir fields, averaged 126,759 bopd during the first quarter of 2019.   Tawke production currently averages about…

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  • Eni sees more potential in Ghana strike

    Eni said a natural gas and condensate discovery offshore Ghana has gas and oil potential requiring further drilling.   Its Akoma-1X well proved a single gas and condensate column in a 20 metre-thick Cenomanian sandstone reservoir with good petrophysical properties.   The Maersk Voyager drillship…

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  • Technip FMC wins Barossa subsea production system deal

    Australia’s Santos has said the subsea production system (SPS) deal for the Barossa project has been awarded, strengthening the project’s position as the leading candidate for Darwin LNG (DLNG) backfill.   Following a competitive tender, Technip Oceania was the successful bidder to supply the SPS….

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  • Shell to Spud Deep-water Mexico Well in December

    With investments flowing into Brazil and Mexico, deep-water opportunities abound for the two countries, according to Martin Stauble, Shell’s vice president of exploration for North America and Brazil.   “From a deep-water perspective both countries are certainly exciting hubs to pay attention to,” Mr Stauble…

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  • Offshore Firms on Quest for Richer Weather Data

    The adage “time is money” applies to weather forecasts for the offshore oil and gas industry.   Gaining greater insights into anticipated weather, wind, sea state and visibility conditions helps offshore companies make better, more cost-effective decisions regarding operational matters such as vessel rates, personnel…

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  • Chariot Oil & Gas announces CPR on the Anchois discovery, Morocco

    AIM-listed Chariot Oil & Gas, the Atlantic margins focused oil and gas company, has announced the completion of the independent Competent Persons Report (‘CPR’) by Netherland Sewell & Associates Inc (‘NSAI’) over the satellite prospects adjacent to the Anchois-1 gas discovery in the Lixus Offshore…

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  • EIA revises upwards its oil price forecasts for 2019-20

    In its latest monthly Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent spot prices will average US$70/bbl in 2019 and US$67/bbl in 2020, both about US$5/bbl higher than in last month’s STEO.   This compares with an average of US$71/bbl in 2018. EIA’s…

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