Exploration & Production
Shale reckoning at hand
3 December 2015
Low oil prices are overwhelming tight oil producers, writes Justin Jacobs
BG farms into Cyprus block for $165m
23 November 2015
UK producer BG has farmed into a 35% interest in Block 12 offshore Cyprus with US producer Noble for $165m cash
Dutch court orders cut to Groningen production
18 November 2015
Giant Dutch swing gas field output to be halved, creating room for more peak winter deliveries from outside the European Union
Maersk buys 50% of Africa Oil’s onshore assets
11 November 2015
The Danish business buys 50% of Africa Oil’s stakes in onshore exploration licences
Lenders standing by shale drillers
10 November 2015
Many of those looking for the breaking point for struggling shale producers have argued that the round of bank lending reviews the sector faces this autumn will herald a financial reckoning
Rosneft and ExxonMobil team up in Mozambique
2 November 2015
Russian and US majors win rights to explore in three blocks in Mozambique licensing round
Tullow Oil to increase West African production by 50%
28 October 2015
The company said the increase is a result of Ghana's operated Tweneboa Enyenra Ntomme (TEN) development
Chinese firm buys Texas oilfields for $1.3bn
27 October 2015
Yantai Xinchao is to buy oilfields in Texas’s Permian basin from producers Tall City Exploration and Plymouth Petroleum for around $1.3bn
MOL spreads exploration and production risk
23 October 2015
The Hungarian MOL Group is spreading its upstream risk more evenly, balancing growth in the relatively stable North Sea
Asian NOCs eye upstream build amid low oil prices
30 September 2015
With oil prices low and forecast to remain that way, governments are looking to strengthen their hand through acquisitions
Shell concedes defeat in the Arctic after poor results
28 September 2015
The company have abandoned the multi-billion dollar drilling campaign after facing difficulty in the region
Eni's Zohr field discovery speeds Egypt's gas revival
23 September 2015
The find of the Zohr field offshore Egypt has sharpened keen interest in the gas potential of the east Mediterranean
US shale drillers' efficiency gains slowing down
15 September 2015
The Energy Information Administration says US efficiency gains are slowing which could lead to a steep decline in oil output
UK oil and gas production gracefully coming to an end
11 September 2015
The UK’s offshore oil and gas bonanza has been an amazing success story: it contributed enormously to national wealth and made the country self-sufficient for a time
India's ONGC expands Russian footprint
8 September 2015
The Oil and Natural Gas Corporation has taken a 15% stake in the Vankor oilfield
Gazprom and BASF follow through with cash free swap
4 September 2015
BASF and Russian Gazprom plan to swap upstream assets in Russia for downstream assets in Europe
India shifts fiscal regime to encourage investment
3 September 2015
India is easing rules for exploration and production in an effort to lure investment to boost output
Eni to fast-track Egyptian gas field discovery
1 September 2015
Italian major Eni believes it has found a lean gas field off Egypt with 30 trillion cf of gas in place
UK OGA approves major gas field
1 September 2015
The Oil & Gas Authority has approved the £5.6bn ($8.57bn) development of the Culzean gas and condensate field
US shale drillers feel the financial crunch
20 August 2015
The financial pain from lower oil prices is taking its toll on shale producers
Rosneft buys assets of oilfield services company Trican
19 August 2015
The company is buying the Russian assets of Trican in order to boost itself ahead of harsher western sanctions
Guyana oil find raises big hopes
14 August 2015
Guyana wasn't expected to be the next country to find oil, with high hopes resting on Suriname
UK enforces faster shale applications
13 August 2015
Shale gas planning applications will be fast-tracked through a new, dedicated planning process, under UK government measures announced 13 August
Dog days of summer for US shale producers
11 August 2015
Listening to some of the US shale industry's top executives during the second quarter results season, one might think that shale output was surging ahead as strong as ever
Hope remains for the UK North Sea prospects
7 August 2015
The UK Continental Shelf still has its attractions for the producer, sky-high costs notwithstanding. This year might even see a year-on-year rise in output, with regulatory enhancments still to come
BP invests $1bn in UK North Sea project
5 August 2015
The investment will bring new life to the Eastern Trough Area Project in the central North Sea