McDermott International, Inc. with its partners, Chiyoda International Corporation and Zachry Group, has announced the beginning of commercial operation of Train 2 of the Freeport LNG project, owned by Freeport LNG Development, L.P. “We continue […]
Eni reports the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters. The start-up takes place just 9 months after its discovery thanks to the operational synergies facilitated by […]
The Norwegian Petroleum Directorate (NPD) preliminary production figures for December 2019, show an average daily production of 2,082,000 barrels of oil, NGL and condensate, which is an increase of 95,000 barrels per day compared to […]
The Arctic region is largely under-explored due to its cold, harsh climatic conditions, frozen seas and lack of investment in infrastructure development. However, this picture is gradually changing. Dwindling oil and gas reserves worldwide is […]
Saudi Aramco is continuing to focus significant efforts on crude oil expansion, according to GlobalData, a data and analytics company. The company’s report, “Saudi Aramco After IPO – Company Overview and Development Outlook”, reveals that […]
Lundin Petroleum AB has announced that as at 31 December 2019, its proved plus probable net reserves (2P reserves) are 693 million barrels of oil equivalent (MMboe), its proved plus probable plus possible net reserves […]
Oil prices have had a tumultuous week since the US launched a drone attack in Baghdad, killing Iranian General Qassem Soleimani. With tensions peaking after the US and Iran traded missile attacks, oil markets priced […]
Equinor and its partners in the Statfjord area have identified and approved plans to extend production from the field towards 2040. A new business plan will ensure even higher use of resources, extract more value […]
Norway’s prime minister Erna Solberg will perform the official opening of the Johan Sverdrup field centre 7 January, and the Minister of Petroleum and Energy, Sylvi Listhaug, will also attend the opening. Since Equinor and […]
Eni and its partners in Nigeria LNG (NLNG) have taken the final investment decision (FID) for the expansion project of the liquefied natural gas (LNG) plant. This brownfield development, which is expected to start-up in […]
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