Oil dips with dollar rising as rally takes a breather
Oil edged lower as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months.
production
Exploration drilling activity expected to recover in 2021, says Westwood Global
Offshore drilling activity on the UK Continental Shelf (UKCS) is expected to recover in 2021 with a dozen potential exploration wells identified.
Oil slips with OPEC still working to bridge gaps on output plan
Oil edged lower in New York, with OPEC and its partners engaging in a diplomatic push to agree on output levels before a key meeting on Thursday.
Updated: Shell’s high point for oil production probably came in 2019, CEO says
Shell chief executive Ben van Beurden said yesterday the “high point” for the Anglo-Dutch supermajor’s oil production had likely passed.
Why the ‘friendless’ oil industry needs to reframe the debate for exploration and production
Reframing the debate: why we should be talking about how to improve exploration and production
Norway reports production fall
The Norwegian Petroleum Directorate (NPD) today confirmed a fall in production.
Harvey shuts down 25% of the Gulf of Mexico output
Operators in the Gulf of Mexico have shut down more than 378,633 b/d of oil output, 21.64% of total Gulf of Mexico production, and 0.827 Bcf/d of natural gas output, 25.71% of production, according to a US Bureau of Safety and Environmental Enforcement survey Sunday.
Russia throws weight behind extending output cuts
Russia has thrown its weight behind the extension of oil output curbs, ahead of OPEC talks.
Iraq maintains oil exports of more than 3million bpd
Iraq's oil exports averaged 3.252 million barrels per day (bpd) last month.
Updated: EnQuest posts record high production, aquires stake in BP assets
Enquest has posted its highest annual production since the company started seven years ago.
Production shutdown on Goliat
Production has been halted on the Goliat field in the North Sea once again.
Norway ups production in November
Norway has increased its production output in November, according to the Norwegian Petroleum Directorate (NPD).
OPEC agrees to cut production in drive to end global glut
OPEC clinched a deal to curtail oil supply, confounding skeptics as the need to clear a record global crude glut -- and prove the group’s credibility -- brought about its first cuts in eight years, Bloomberg News reports.
OPEC special-case nations add 450,000 barrels in threat to deal
The OPEC countries claiming exemption from a deal to limit oil production increased output by almost half a million barrels last month, potentially jeopardizing the group’s agreement unless other members deepen their own cuts.
More OPEC exemption requests spur wagers on oil-price slump
The growing list of OPEC members seeking exemptions from a planned supply cut has investors seeing future price drops.
North Sea production rose during three months to August
Official figures published yesterday reveal mixed fortunes for traditional fossil fuel and wind-energy output in the UK.
Saipem to cut 800 more jobs across Europe in next four years
Saipem has said it will cut 800 more jobs across Europe in the next four years as it looks to make cost savings.
Offshore oil production reached highest level last year since 2010
Global offshore oil production last year was at its highest level since 2010, according to new figures from the US Energy Information Administration.
Vitol boss says oil market will only see boost from ‘meaningful’ production cut
The chief executive of Vitol said the oil market may see supply and demand rebalance if both Russia and OPEC deliver a meaningful production cut.
Nigeria raises half of six-month revenue target on low oil production
Nigeria said it only managed to raise 55% of its six-month revenue target in the first six months of this year.
Oil speculators abandon hope of OPEC reaching supply accord
Oil investors turned bearish at the fastest pace in more than a year as they lost confidence that OPEC will reach a deal with other producers to limit supply at a gathering this week in Algiers.
CNOOC starts-up production from Enping oilfield
CNOOC said production has started from its Enping 18-1 oilfield off the South China Sea.
Algeria to boost gas output as three delayed projects come online in 2017
Algeria is on track for more than nine billion cubic metres a year of additional gas output from next year when three delayed projects come online.
Oil climbs as OPEC may hold formal meeting next week in Algiers
Oil rose after Algeria said OPEC may turn its planned informal meeting in Algiers next week into a formal session.
Norway production falls nearly 10%, but beats predictions
Norwegian production averaged 1.9million barrels of oil, NGL and condensate in August – 9.5% decrease month-on-month.