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

Copyright: Copyright 2016 Inc. All rights reserved.

Chevron to Submit Sarta Block Development Plan Soon

Mon, 05 Dec 2016 00:00:00 GMT

Chevron will shortly submit a development plan for the Sarta block in the Kurdistan Region of Iraq, according to Ian MacDonald, the company's vice president of exploration.

Iraq's Kurdistan Sees No Major Oil Output Cuts as Part of OPEC Deal

Mon, 05 Dec 2016 00:00:00 GMT

Iraq's semi-autonomous region of Kurdistan sees no major impact on its crude oil production from OPEC's agreed cuts, according to its natural resources minister.

Sources: Saudi, Kuwait Expect to Restart Neutral Zone Oilfields Soon

Sun, 04 Dec 2016 00:00:00 GMT

Saudi Arabia and Kuwait expect to agree soon on the resumption of oil production from their jointly-operated oilfields in the Neutral Zone.

Ahead Of Promised Cut, Russia's Oil Output Hits Record High

Fri, 02 Dec 2016 00:00:00 GMT

Russia plans to use its rercent oil production as its baseline when it cuts output under this week's deal with OPEC,Deputy Energy Minister Kirill Molodtsov says.

OPEC To Meet Non-OPEC Producers On Dec. 10 In Moscow

Fri, 02 Dec 2016 00:00:00 GMT

OPEC will meet non-OPEC countries to finalise a global oil limiting pact on Dec. 10 in the Russian capital Moscow, two OPEC sources told Reuters on Friday.

Production Drilling Begins at Mariner Field in UK North Sea

Fri, 02 Dec 2016 00:00:00 GMT

Production drilling has started on the Mariner field in the UK North Sea, Statoil announced Friday.

Louisiana LNG Export Project Clears DOE Hurdle

Thu, 01 Dec 2016 00:00:00 GMT

The DOE grants authorization for a proposed LNG terminal in Lake Charles, La., to export LNG to countries with which the United States has not entered into a free trade agreement (non-FTA approval).

Shale Production to Grow, Offshore Output to Decline from 2018

Thu, 01 Dec 2016 00:00:00 GMT

Shale production is expected to grow significantly from 2018, with a yearly addition of 1 million barrels per day, while offshore output will see a decline from the same year, according to Rystad Energy.

Russia Says To Cut Oil Output From Nov-Dec Levels

Thu, 01 Dec 2016 00:00:00 GMT

Russia will cut its oil output from November-December levels, Energy Minister Alexander Novak told reporters on Thursday.

Leviathan Partners Sign $2B Israeli Power Plant Natgas Deal

Thu, 01 Dec 2016 00:00:00 GMT

The partners in the Leviathan natural gas field off Israel's coast said on Thursday they signed a deal worth about $2 billion to supply gas to Dalia Power Engines.

Azerbaijan Energy Minister: No Plan To Increase Oil Output In 2017

Thu, 01 Dec 2016 00:00:00 GMT

Azerbaijan has no intention of increasing crude oil output in 2017, Energy Minister Natig Aliyev said on Thursday.

Russia Ready To Cut Oil Output By 300,000 Bpd In 1H, As Agreed With OPEC

Wed, 30 Nov 2016 00:00:00 GMT

Russia is ready to cut oil production "gradually" by up to 300,000 bpd in the first half of next year as part of an agreement with OPEC, Russian Energy Minister Alexander Novak says.

Chevron Temporarily Halts Production Unit At Australia LNG Plant

Wed, 30 Nov 2016 00:00:00 GMT

Chevron Corp temporarily halts output from one of the 2 production units at its Gorgon liquefied natural gas (LNG) plant off Australia's west coast.

N. Dakota Law Enforcement To Block Pipeline Protesters' Supplies

Tue, 29 Nov 2016 00:00:00 GMT

North Dakota law enforcement will begin to block supplies from reaching protesters at a camp near the construction site of an oil pipeline project.

China To Further Open Up Upstream Oil, Gas Sector By 2020

Tue, 29 Nov 2016 00:00:00 GMT

China will open up its upstream oil sector further between 2016 and 2020, the official Xinhua news agency reported, citing the vice minister of the Ministry of Land and Resources.

Hurricane Energy Signs FPSO Agreement for Lancaster Field

Tue, 29 Nov 2016 00:00:00 GMT

Hurricane Energy signs an agreement with Bluewater Energy Services for the use of the Aoka Mizu Floating Production Storage and Offloading Vessel on the company's Lancaster field, West of Shetland.

Norway Approves Hike In Troll's 2016 Oil Output Quota-Letter

Fri, 25 Nov 2016 00:00:00 GMT

Norway's oil and energy ministry approves a hike in the 2016 oil output quota of the North Sea Troll field to 46.5 million barrels from 41.7 million, giving it the highest output level since 2009.

Ithaca Energy Expects Stella Production to Commence January

Fri, 25 Nov 2016 00:00:00 GMT

Ithaca Energy Inc. expects the production start-up of the Stella field, located in the central North Sea, to commence in January 2017 after a program of necessary repairs was identified.

Woodside Moving Forward With Browse, Scarborough Projects At Similar Pace

Thu, 24 Nov 2016 00:00:00 GMT

Woodside Petroleum is moving forward with its Scarborough area gas fields and its delayed Browse liquefied natural gas (LNG) project at a similar rate.

Azerbaijan Signals OPEC Wants Big Cuts From Non-OPEC Producers

Thu, 24 Nov 2016 00:00:00 GMT

OPEC may ask oil producers outside the cartel to make big cuts in output.