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The latest upstream oil and gas news from around the world.

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Saudi Aramco To Boost Gas Production At Hawiyah, Haradh

Fri, 20 Jan 2017 00:00:00 GMT

Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources say.

Russia's Gazprom Neft Says Launches More Wells At Arctic Oil Project

Fri, 20 Jan 2017 00:00:00 GMT

Russia's Gazprom Neft, the oil arm of gas giant Gazprom, says it has launched 2 more production wells at Prirazlomnoye offshore Arctic oil field.

China Crude Oil Throughput Hits Daily Record In December And 2016

Fri, 20 Jan 2017 00:00:00 GMT

China's December refinery production touched new highs as facilities replenished stocks ahead of a long holiday break, lifting crude oil throughout for the year as a whole by 2.8% to another record.

Lundin's Development Expenditure to Top $1B in 2017

Thu, 19 Jan 2017 00:00:00 GMT

Lundin's development expenditure in 2017 will total $1.095 billion.

Russia's Zapolyarye-Purpe Oil Link To Pump 7.5 MM T In 2017

Wed, 18 Jan 2017 00:00:00 GMT

Russia's Zapolyarye-Purpe oil pipeline will pump 7.5 million tons of oil in 2017.

Gazprom Neft Says Output At Badra Field In Iraq Near 3MM T In 2016

Wed, 18 Jan 2017 00:00:00 GMT

Russian oil producer Gazprom Neft says output at its Badra oil field in Iraq was approaching 3 million tons for 2016.

Russia Launches New Domestic Oil, Gas Pipelines

Wed, 18 Jan 2017 00:00:00 GMT

Russia launches a new domestic gas pipeline and 2 new oil pipelines at a ceremony attended by President Vladimir Putin.

CNOOC Commences Production from Enping 23-1, South China Sea

Wed, 18 Jan 2017 00:00:00 GMT

China's CNOOC Limited has commenced production from the Enping 23-1 oilfields, located in the Pearl River Mouth Basin of the South China Sea.

NextDecade Leases Texas City Site for Potential LNG Project

Tue, 17 Jan 2017 00:00:00 GMT

NextDecade, LLC announced it has signed lease agreements for a nearly 1,000-acre site southeast of Houston for the potential development of a multibillion-dollar LNG export facility.

Utgard, Byrding Field Development Plans Approved

Tue, 17 Jan 2017 00:00:00 GMT

The plan for development and operation for the Utgard and Byrding fields in the North Sea has been approved by the authorities.

China's Crude Oil Output Will Fall 7% By 2020

Tue, 17 Jan 2017 00:00:00 GMT

China's crude oil output is expected to drop by 7% by 2020 compared with the previous 5-year plan as output from some of the nation's largest, but oldest, wells falls.

Saudi Pledges Adherence to Oil Cut, Confident Others Will

Mon, 16 Jan 2017 00:00:00 GMT

Saudi Arabia will adhere strictly to its commitment to cut output, its energy minister says.

Russian Oil Output Averaged 11.1 MM Bpd From Jan. 1-15

Mon, 16 Jan 2017 00:00:00 GMT

Russian oil and gas condensate production averaged 11.1 million barrels per day (bpd) from Jan. 1-15.

Inpex, ADNOC Agree to Extend Offshore Abu Dhabi Joint Development Project

Mon, 16 Jan 2017 00:00:00 GMT

Inpex Corporation agrees with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi in the United Arab Emirates.

Petrovietnam, Exxon Mobil Sign Deal On Gas Generation

Fri, 13 Jan 2017 00:00:00 GMT

PetroVietnam signs an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp to develop the country's biggest gas project for power generation.

Despite Saudi Signals, OPEC Unlikely To Deliver All Promised Oil Cuts

Fri, 13 Jan 2017 00:00:00 GMT

OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say.

Russia's Novatek Says Gas Output Down 2.7% In 2016

Fri, 13 Jan 2017 00:00:00 GMT

Russia's No.2 natural gas producer Novatek says its gas output declined by 2.7% in 2016, while gas condensate and oil production jumped by almost 37% as it commissioned new fields.

CNOOC Starts Penglai 19-9 Output

Fri, 13 Jan 2017 00:00:00 GMT

CNOOC Limited reveals that Penglai 19-9 comprehensive adjustment project, located in the Bohai Sea, has commenced production.

Saudi Energy Minister Says Output Below 10 MMBpd, Cut Will Deepen

Thu, 12 Jan 2017 00:00:00 GMT

Saudi Arabia has cut its oil production to slightly below 10 million barrels per day and plans a deeper cut in February under an agreement among global producers to reduce output.

Southern Iraq Gas Output Reaches 700MM Cubic Feet Per Day

Thu, 12 Jan 2017 00:00:00 GMT

Gas production in southern Iraq has reached 700 million cubic feet per day, and is expected to reach 1 billion cubic feet per day by the end of the year.