cDiver.net Logo

production

0

Eni On Track to Complete West, East-Hub Development Projects in Angola

April 8, 2016

In an ongoing effort to complete its West Hub Development Project (WHDP) in Block 15/06 offshore Angola, Italian energy firm Eni S.p.A announced Jan. 11 it had started production from the Mpungi field. Capable of increasing the WHDP’s output to around 100,000 barrels of oil per day (bopd) within the first quarter of 2016, according… Continue Reading »

0

NPD Favors Unmanned Platforms Option After Rambøll Study

April 8, 2016

Rambøll Oil & Gas has submitted a study which sheds light on the advantages and disadvantages of unmanned wellhead platforms. The study was commissioned by the Norwegian Petroleum Directorate (NPD), which has taken a positive view of unmanned wellhead platforms, considering concepts of this type to be an important contribution to good resource utilization and an… Continue Reading »

0

DNV: Six New Technologies to be Deployed in Upstream by 2025

April 7, 2016

The year 2025 will see an upstream oil and gas industry where technologies such as fully-automated drilling operations, autonomous inspection of pipelines and the rig-less plugging and abandonment of wells will be in operation. So says a new report by Norway’s DNV GL – a technical consultant to the oil & gas, energy and maritime… Continue Reading »

0

ADNOC: Oil Markets Will Start To Rebalance In 2016, 2017

April 6, 2016

The chief executive of the Abu Dhabi National Oil Company said in remarks published on Monday he expected a slow increase in oil prices in the medium term, with markets starting to rebalance supply and demand during 2016 and 2017. In an interview published by the National and al-Ittihad newspapers and state news agency WAM,… Continue Reading »

0

World’s Biggest Oil Market Too Tied To Mideast To End Addiction

April 3, 2016

Even in a world awash with crude, buyers in the world’s biggest oil market can’t seem to escape their addiction to Middle East supplies. South Korea’s imports from the Middle East climbed last year to the highest level since at least 1980, while refiners in India say they are shunning shipments from distant ports and… Continue Reading »

0

BP, CNPC Sign First PSC for Shale Gas Exploration in China

April 2, 2016

BP plc and China National Petroleum Corporation (CNPC) have signed the first production sharing contract (PSC) for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, China. The contract will cover an area of approximately 1,500 square kilometers and positions CNPC as the operator of the project. This PSC is… Continue Reading »

0

China Oil Giants Take Spending Cuts Deeper as Profits Shrink

March 31, 2016

After chopping spending by almost one-third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China’s energy giants are cutting even deeper. PetroChina Co., Cnooc Ltd. and China Petroleum & Chemical Corp., which together produce more crude than any country in OPEC besides… Continue Reading »

0

Ecuador Oil Minister to Visit Colombia, Mexico to Push Output Talks

March 30, 2016

Ecuador’s oil minister said on Monday he will travel to Colombia and Mexico this week to discuss a proposed meeting between Latin American oil producers to unify the region in backing an output freeze or other measures to bolster prices. The gathering between Colombia, Ecuador, Mexico and Venezuela was originally expected at the start of… Continue Reading »

0

ONGC Board Approves $5B Investment In East Coast Oil And Gas Asset

March 30, 2016

India’s Oil and Natural Gas Corporation has approved an investment of 340 billion rupees (about $5 billion) over the next few years in its east coast oil and gas asset, in a bid to boost production and benefit from a change in government policy. Earlier this month, a top company official said ONGC would unveil… Continue Reading »

0

Eni-Led Consortium Awarded Offshore Ghana License

March 30, 2016

A consortium comprising GNPC, Explorco, Vitol, Eni and Woodfields has been awarded a new exploration license in Cape Three Points Block 4, located in the Tano Basin offshore Ghana. The license, which was awarded following the ratification of the Parliament of the Republic of Ghana, covers an area of 435 square miles in water depths… Continue Reading »

Login to your account

Can't remember your Password ?

Register for this site!