Production

Shell starts production at new petrochemicals unit in US Gulf Coast

Jan 7, 2019 Successful completion of major expansion project makes Shell’s Geismar chemicals manufacturing site the largest producer of alpha olefins in the world. Shell Chemical LP (Shell) today announced the start of production of the fourth alpha olefins (AO) unit at its Geismar, Louisiana, USA chemical manufacturing site. The 425,000-tonne-per-year capacity expansion brings total AO production at Geismar to

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NOC records highest annual revenue since 2013

06 January 2019 National Oil Corporation (NOC) recorded an average production of 1.107 million barrels per day in 2018 and total revenues of 24.4 billion USD – a five year high and 78% year-on-year increase. NOC chairman, Eng. Mustafa Sanalla presented the 2018 financial data and NOC subsidiary plans for the coming year during a press conference in Benghazi on

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Production starts at giant Egina field offshore Nigeria

03 January, 2019 French supermajor Total has bought the Egina field online. Discovered in 2003, the field is located 200km offshore from Port Harcourt, Nigeria. The floating production storage and offloading (FPSO) unit used to develop the Egina field is the largest one Total has ever built, weighing close to 220,000 metric tonnes and measuring 330 metres long by 60

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CNOOC Limited Announces Egina Field Commenced Production

Time:2019-01-02 (Hong Kong, January 2, 2019) – CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today Egina Field, located in deepwater offshore Nigeria, has commenced production. The Egina Field is located in around 1600 meters of water depths, 150 Kilometers off the coast of Nigeria. The field development consists of a Floating Production Storage and Offloading (FPSO)

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Nigeria: Total Starts Up Production of the Giant Egina Field

2019/01/02 Paris – Total has started up production on December 29, 2018 from the Egina field, located in around 1,600 meters of water depths, 150 kilometers off the coast of Nigeria. At plateau, the Egina field will produce 200,000 barrels of oil per day, which represents about 10% of Nigeria’s production. The Floating Production Storage and Offloading (FPSO) unit used

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Shell adds new, deep-water production in Brazil

Oct 24, 2018 New, deep-water production is underway today at Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing. The FPSO P-69 is a standardized production vessel offshore Brazil with a capacity for 150,000 barrels of oil and

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Permian Oil Production Could Soon Reach 5.4 Million B/D

Matt Zborowski, Technology Writer | 13 June 2018 Topics: Onshore Petroleum economics/production forecasting Anadarko operations in the Permian Basin. Source: Anadarko. Permian takeaway capacity oil production ihs markit A glut of Permian crude is resulting in takeaway constraints and discounted Midland spot prices, but those issues will serve as mere bumps in the road for basin-wide production growth into the

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Rising Tide of Produced Water Could Pinch Permian Growth

Stephen Rassenfoss, JPT Emerging Technology Senior Editor |12 June 2018 Topics: Projects, facilities & construction Getty Images Permian pipelines water injection, trucks As oil production rises in the Permian, the even larger volumes of water from those wells is becoming a pressing problem for many operators, particularly those drilling in the wetter western half of the basin. Over time the

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Shell starts-up production at Kaikias

01 June, 2018 Anglo-Dutch major Shell has started up production at its US Gulf of Mexico Kaikias development, almost one year ahead of schedule. Shell announced a final investment decision for the project at the beginning of 2017 and has since gone on to reduce costs by 30%. The development now has a break-even price of less the US$30 (£22)

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Gazprom and Uzbekneftegaz to continue joint gas production at Shakhpakhty field

May 25, 2018, 15:10 Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Alisher Sultanov, Deputy Prime Minister of the Republic of Uzbekistan, Chairman of the Board of Directors of Uzbekneftegaz, today signed at the St. Petersburg International Economic Forum 2018 the Supplementary Agreement No. 2 to the Production Sharing Agreement for the follow-up development of the Shakhpakhty field. The document was signed in the presence of Alexey Miller, Chairman of the

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Iran to increase Oil Output from Azar, South Azadegan Oilfields

2018-05-15 TEHRAN (NIOC) _ The CEO of the Petroleum Engineering and Development Company (PEDEC) says the company is planning to ramp up crude oil production from the joint Azar and South Azadegan oilfields during the current Iranian calendar year which began on March 21. Noureddin Shahnazizadeh said production of crude oil from South Azadegan will reach 170,000 b/d and Azar’s

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Agreement to Execute Further Development of Garraf Oil Field to Increase Production

Note: The following press release is an English translation of the Japanese-language original April 3, 2018 Company Name: Japan Petroleum Exploration Co., Ltd. (JAPEX) Representative: Hideichi Okada, President Security Code: 1662 (First Section of Tokyo Stock Exchange) Inquiries: Media and Investor Relations Dept. Tel.: +81-3-6268-7110 Agreement to Execute Further Development of Garraf Oil Field to Increase Production Japan Petroleum Exploration

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Record-High Natural Gas And Oil Production, Rising Wages, And New Tax Law To Fuel Hundreds Of Millions Of Extra Dollars Into Colorado’s State Budget

DENVER, April 3, 2018 – Natural gas and oil production is a top contributor to Colorado’s general fund – a portion of the state budget. Next fiscal year’s revenue increases could top ten percent, up to $12.5 billion, according to the latest economic and revenue forecast by the Legislative Council. “Innovations in the natural gas and oil industry are increasing

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China’s first shale gas field hits 10 bcm/year

2018-03-29 Fuling shale gas field (Photo/Song Guoliang) China’s first shale gas field Fuling has built up an annual capacity of 10 billion cubic meters, Dai Houliang, Vice Chairman & President of Sinopec Corp. said at a news conference in Hong Kong when Sinopec Corp. announced its 2017 annual results on March 26. The Fuling shale gas field, developed by Sinopec

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Production Starts Up at Timimoun Gas Field in Algeria

2018/03/29 Paris – Total announces first gas from the Timimoun field in southwestern Algeria. The production complex with a capacity of around 5 million cubic meters of natural gas per day at plateau (around 30,000 barrels of oil equivalent per day (boe/d)), is jointly operated by Sonatrach (51%), Total (37.75%) and Cepsa (11.25%). “The launch of Timimoun is a new

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Statoil presents Annual and Sustainability reports for 2017

Today 23 March, Statoil (OSE:STL, NYSE: STO) is presenting its Annual Report and Form 20-F for the year ended 2017, and its sustainability report. In 2017, Statoil delivered record high equity production of 2.080 million barrels of oil equivalent per day and an underlying production growth of more than 6%, driven by continued strong operational performance and new fields starting

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Oil and natural gas production in February

21.MAR.2018 Petrobras reports that its total oil and natural gas production in February was 2.69 million barrels of oil equivalent per day (boed), with 2.59 million boed produced in Brazil and 99 thousand boed produced abroad. Total production operated by the company (portions of Petrobras and partners) was 3.32 million boed, with 3.19 million boed in Brazil. The average oil

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Oil and gas production prospects in Central & South America: IOGP and ARPEL report

Growing indigenous demand means that Central and South America are on the brink of becoming net importers of oil and gas unless the region attracts more investment.  Fortunately, given the geological potential and increasingly equitable tax and fiscal regimes in most countries, the future looks promising. That is the main message in a new IOGP Global Energy Brief (GEB) –

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CNOOC Limited Announces Weizhou 6-13 Oilfield Commences Production

(Hong Kong, March 20, 2018) – CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Weizhou 6-13 oilfield has commenced production ahead of schedule. Weizhou 6-13 oilfield is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35 meters. In addition to fully utilizing the existing facilities of Weizhou

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