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

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Chesapeake Says To Raise 2018 Output On Lower Spending, Shares Jump

Thu, 22 Feb 2018 00:00:00 GMT

Chesapeake says it expects production to keep rising this year, despite a 12% cut in spending.

Thailand Pushes Erawan And Bongkot Gas Field Auctions To April

Thu, 22 Feb 2018 00:00:00 GMT

Thailand expects auction terms for its petroleum gas fields to be ready in April, a month later than previously indicated.

ONGC Short-Lists Three Oil Service Majors To Lift Output From Two Fields

Wed, 21 Feb 2018 00:00:00 GMT

India's Oil and Natural Gas Corp is set to hire international oil service giants for the first time to boost output from domestic oil fields.

Energen's Oil Production Forecast Misses Estimates Amid Proxy Fight

Tue, 20 Feb 2018 00:00:00 GMT

Energen reports a better-than-expected quarterly profit, but expectations for oil production fell short.

UK's EnQuest Expects Higher Production This Year

Mon, 19 Feb 2018 00:00:00 GMT

EnQuest Plc expects higher production in 2018, helped by its flagship Kraken oilfield and its acquisition of a 25% stake in BP's Magnus oilfield.

Africa's Top Oil Producer Poised to Give OPEC an Output Headache

Thu, 15 Feb 2018 00:00:00 GMT

Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies are trying to restrict output.

Germany's EWE Plans To Cut Groningen Gas Use By 75%

Wed, 14 Feb 2018 00:00:00 GMT

EWE plans to sharply reduce its use of gas from the Groningen field in the Netherlands.

IEA: Surge In Global Oil Supply May Overtake Demand In 2018

Tue, 13 Feb 2018 00:00:00 GMT

The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.

BP Announces Start-Up of Atoll Phase One

Tue, 13 Feb 2018 00:00:00 GMT

BP begins gas production from the Atoll Phase One project offshore Egypt.

Eni Says To Produce 2.9 Bcf Per Day From Zohr Field By Second Half 2019

Mon, 12 Feb 2018 00:00:00 GMT

Production from Egypt's Zohr field will reach 2.9 billion cubic feet per day by mid-2019, Eni says.

BP, Kosmos Move Closer To Senegal And Mauritania Offshore Project

Mon, 12 Feb 2018 00:00:00 GMT

BP and Kosmos Energy move closer to approving development of the Tortue natural gas field offshore Mauritania and Senegal after the two West African countries agreed to split production.

ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE

Fri, 09 Feb 2018 00:00:00 GMT

ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.

US Oil Reserve Would Fall Nearly in Half Under Budget Deal

Thu, 08 Feb 2018 00:00:00 GMT

The US is poised to sell half of its emergency oil reserves to help pay its bills.

Ineos: Forties Pipeline System is Safe

Thu, 08 Feb 2018 00:00:00 GMT

Ineos confident FPS is safe following the discovery of a crack in December 2017.

US Crude Output to Jump Above 11 mln bpd Sooner Than Expected

Tue, 06 Feb 2018 00:00:00 GMT

The U.S. government sees nationwide oil production jumping above 11 million barrels a day much quicker than anticipated.

Gulf of Mexico Stampede Field Commences Production

Tue, 06 Feb 2018 00:00:00 GMT

The Stampede field, located in the deepwater Gulf of Mexico, has commenced production.

ONZ-7 Results Confirm Sebou Permit can be 'Highly Cash Generative'

Tue, 06 Feb 2018 00:00:00 GMT

The latest results of the ONZ-7 well onshore Morocco confirm that the Sebou permit has the potential to be 'highly cash generative' for SDX Energy Inc, according to the company's president and CEO, Paul Welch.

Canada's Frontera Suspends Work At Colombia Oilfield After Attacks

Mon, 05 Feb 2018 00:00:00 GMT

Frontera Energy has suspended operations at its Cubiro oilfield in northeastern Colombia after threats and attacks against workers, the company said.

Permian Seen Second to Saudis for Spare Oil-Output Capacity

Mon, 05 Feb 2018 00:00:00 GMT

The Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri.