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

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Canada's Husky Approves $1.6 Billion West White Rose Project

Mon, 29 May 2017 00:00:00 GMT

Canada's Husky Energy Inc is proceeding with its long-delayed C$2.2 billion ($1.6 billion) West White Rose project off the Atlantic coast.

Total CEO Says OPEC Cut Decision Gives Visibility Until At Least 2018

Fri, 26 May 2017 00:00:00 GMT

The decision by oil producing countries to extend the production cut agreement by 9 months gives the market much needed visibility until at least 2018.

GE's Saudi Joint Venture To Start Gas Turbine Production This Year

Thu, 25 May 2017 00:00:00 GMT

General Electric's joint venture to manufacture gas turbines in Saudi Arabia will start production by the end of the year.

EnQuest On Track For Kraken First Oil Before End of June

Thu, 25 May 2017 00:00:00 GMT

EnQuest is on track to achieve first oil from the Kraken development in the UK North Sea before the end of June, according to the company's CEO Amjad Bseisu.

OPEC, Non-OPEC Extend Oil Output Cut By 9 Months To Fight Glut

Thu, 25 May 2017 00:00:00 GMT

OPEC and non-member oil producers gear up to extend output cuts.

Statoil To Start Gina Krog Oil And Gas Field In June

Wed, 24 May 2017 00:00:00 GMT

Norwegian Petroleum Directorate gives consent for Statoil to start the Gina Krog oil and gas field in the North Sea.

Nigeria Could Hit 2.2 MMbpd Oil Output By End Of June

Wed, 24 May 2017 00:00:00 GMT

The worst disruptions in Nigeria's oil-producing Delta region are over, and production could reach 2.2 million barrels per day by the end of June.

Woodside Aims To Decide On Browse Gas Development In 2019

Tue, 23 May 2017 00:00:00 GMT

Woodside Petroleum plans to make a final investment decision on its Browse gas development off Australia's west coast in 2019.

Norway Oil Ministry Says Has No Plan To Cut Oil Output

Tue, 23 May 2017 00:00:00 GMT

Norway has no plans to cut its oil output, the country's oil and energy ministry says.

Iran Has Potential To Increase Oil Production By 3 MMbpd

Mon, 22 May 2017 00:00:00 GMT

Iran has the potential to increase oil production by 3 million barrels per day, according to an Iranian oil official.

BP Brings Quad 204 Project Online

Mon, 22 May 2017 00:00:00 GMT

BP announces the commencement of first oil from the redeveloped Schiehallion Area, following the completion of the Quad 204 project in the west of Shetland region, offshore UK.

OPEC Panel Looking At Deepening, Extending Oil Cuts

Fri, 19 May 2017 00:00:00 GMT

An OPEC panel reviewing scenarios for the oil producer group's meeting next week is looking at the option of deepening and extending a deal to reduce crude output.

Russia's Gazprom Says May Raise 2017 Gas Output Forecast

Fri, 19 May 2017 00:00:00 GMT

Russian gas giant Gazprom says it may increase its gas production forecast due to robust demand.

Norwegian Production Drops Month-on-Month

Fri, 19 May 2017 00:00:00 GMT

Production on the Norwegian Continental Shelf decline month-on-month in April, according to preliminary figures from the Norwegian Petroleum Directorate.

Cairn Flows Oil From SNE-6 Well, 'Very Encouraging' Say Analysts

Thu, 18 May 2017 00:00:00 GMT

Cairn Energy plc flows oil from the SNE-6 well offshore Senegal, in a development which was described as "very encouraging" by oil and gas analysts at GMP FirstEnergy.

Sound Energy Progresses Onshore Morocco Development Program

Wed, 17 May 2017 00:00:00 GMT

A rig arrives at Sound's Sidi Moktar asset, onshore Morocco, ahead of the re-entry and testing of the Lower and Middle Jurassic in two existing wells (Koba-1 and Kamar-1) on the Kechoula discovery.

Global Oil Market Rebalancing Speeds Up, Belied By Inventories

Tue, 16 May 2017 00:00:00 GMT

The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up.

Brent Bravo Platform Decommissioned, Will Run on Minimum Manning Mode

Tue, 16 May 2017 00:00:00 GMT

Wood Group will modify Shell's Brent Bravo platform in the North Sea to operate on minimum manning mode, following a decommissioning contract win.

Colombia's Ecopetrol Output Falls at Big Oil Field amid Protests

Mon, 15 May 2017 00:00:00 GMT

Colombia's state oil company Ecopetrol said it reduced output in one of its key production areas due to protests by residents who reject changes to the company's hiring policy for local labor.

Chevron Shuts First Gorgon LNG Export Plant Unit For Around A Month

Mon, 15 May 2017 00:00:00 GMT

Chevron Corp has shut the first production line at its giant Gorgon liquefied natural gas (LNG) export plant in Australia and expects the outage to last about a month.