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

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Kuwait Energy Starts Producing Natural Gas From Field In Southern Iraq

Wed, 25 Apr 2018 00:00:00 GMT

Kuwait Energy starts producing natural gas from Siba.

Facing Shipping Constraints, Canada Moving Oil One Truckload at a Time

Mon, 23 Apr 2018 00:00:00 GMT

Canada's oil industry faces significant challenges, not the least of which are high production costs, remote oil fields and, perhaps most pressing, the shipping bottlenecks.

Trump's Revenge: US Oil Floods Europe, Hurting OPEC and Russia

Mon, 23 Apr 2018 00:00:00 GMT

U.S. oil is even edging out North Sea Forties, which is produced in the backyard of the continent's refineries.

Oklahoma Regulators Order Disposal Well Shut, More Reductions After Quakes

Fri, 20 Apr 2018 00:00:00 GMT

Oklahoma regulators on Thursday ordered a wastewater disposal well shut and told two operators to reduce injection volumes, the second such directive in less than two weeks.

Trump's Claim of 'Oil All Over the Place' Isn't True Anymore

Fri, 20 Apr 2018 00:00:00 GMT

While OPEC has been curbing supply in a successful bid to revive oil prices, the group's success means that there's no longer a global glut of oil.

Norwegian Production Declines in March

Fri, 20 Apr 2018 00:00:00 GMT

Norwegian production decreases month-on-month in March, according to the Norwegian Petroleum Directorate's latest preliminary output figures.

OPEC, Non-OPEC Panel Finds Oil Glut Virtually Eliminated

Thu, 19 Apr 2018 00:00:00 GMT

A global oil glut has been virtually eliminated, according to a joint OPEC and non-OPEC technical panel, two sources familiar with the matter said.

Oil And Gas Firm Energean To Boost East Mediterranean Output

Thu, 19 Apr 2018 00:00:00 GMT

Energean Oil & Gas is boosting its Greek output and expects first gas from its Israeli fields in the first quarter of 2021.

Eni: Development Plan for Merakes Field Approved

Wed, 18 Apr 2018 00:00:00 GMT

Eni S.p.A says the development plan for the Merakes field offshore Indonesia has been approved by the country's minister of energy and mineral resources.

China Shale Gas Output To Nearly Double Over 3 Years - Consultancy

Tue, 17 Apr 2018 00:00:00 GMT

China's shale gas production will likely reach 17 billion cubic metres in 2020, nearly double the 2017 level.

EIA: US Shale Output To Rise By 125,000 Bpd In May

Mon, 16 Apr 2018 00:00:00 GMT

US shale oil production is expected to increase in May for the fourth consecutive month, US Energy Information Administration data shows.

UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance

Thu, 12 Apr 2018 00:00:00 GMT

A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.

Norway Govt Presents Johan Castberg Oilfield Plan To Parliament

Tue, 10 Apr 2018 00:00:00 GMT

Norwegian government presents the Johan Castberg oilfield development plan for the parliament's approval.

Norway Approves Fenja PDO

Tue, 10 Apr 2018 00:00:00 GMT

The Norwegian Minister of Petroleum and Energy approves the plan for the development and operation of the Fenja field.

Ghazeer 'Crucial' to Maintaining Oman Gas Production to Early 2020s

Tue, 10 Apr 2018 00:00:00 GMT

The second phase of development at the Khazzan field in Oman will be crucial to maintaining domestic gas production into the early 2020's, BMI Research analysts say.

Oklahoma Orders Cut to Disposal Well Volumes Following Quakes

Mon, 09 Apr 2018 00:00:00 GMT

Oklahoma regulators forced an oil and gas producer to reduce operations on a well used for disposing saltwater following a large earthquake over the weekend, an Oklahoma Corporation Commission spokesman said.

BP to Develop Second Phase of Giant Khazzan Gas Field

Mon, 09 Apr 2018 00:00:00 GMT

The development of Ghazeer, the second phase of the giant Khazzan gas field in Oman, is approved.