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

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Abu Dhabi Gets Bids for Offshore Oil in Plan to Expand Capacity

Mon, 22 Jan 2018 00:00:00 GMT

Abu Dhabi's government oil producer received bids in the fourth quarter from international energy companies seeking stakes in offshore fields.

Wintershall Continues to Invest in German Oil, Gas Production

Mon, 22 Jan 2018 00:00:00 GMT

Wintershall is continuing to invest in the production of crude oil and natural gas from assets in Germany.

Crisis-Hit Venezuela's Oil Output Plummets In 2017 To Decades Low

Thu, 18 Jan 2018 00:00:00 GMT

Venezuela's crude oil production fell nearly 13% last year, according to figures released by OPEC.

Iraq, BP Sign Deal To Boost Kirkuk Crude Output - Oil Ministry

Thu, 18 Jan 2018 00:00:00 GMT

Iraq signs a memorandum of understanding with BP to boost production capacity from its northern Kirkuk oilfields.

Tulip Oil Presses Ahead with 'Major' Offshore Producing Asset

Thu, 18 Jan 2018 00:00:00 GMT

Tulip Oil Netherlands Offshore B.V. confirms that it will proceed with the development of the Q10 gas field.

Oil Producers Want New Hearing on Impact of Magellan Proposal

Wed, 17 Jan 2018 00:00:00 GMT

Oil and gas producers WPX Energy and Chevron have asked a U.S. regulator for a new hearing on the broad industry impact of Magellan Midstream Partners' request to launch a marketing arm.

US Oil Industry Set to Break Record, Upend Global Trade

Tue, 16 Jan 2018 00:00:00 GMT

The question of whether the shale sector can continue at this pace remains an open debate.

Shell to Redevelop Penguins Field in UK North Sea

Mon, 15 Jan 2018 00:00:00 GMT

Shell confirms that it will redevelop the Penguins oil and gas field in the UK North Sea.

North Sea Fields Resume Production Following FPS Repair

Fri, 12 Jan 2018 00:00:00 GMT

The Bruce, Keith and Rhum fields resume production following the successful repair of the Forties Pipeline System.

Groningen Gas Output Cut To Be Examined-Dutch Regulator

Thu, 11 Jan 2018 00:00:00 GMT

The Dutch gas regulator will respond on Thursday to proposals to reduce output from the Groningen gas field following a tremor there this week.

NPD: Norwegian Production to Increase to 2023

Thu, 11 Jan 2018 00:00:00 GMT

Norwegian production will continue to increase to 2023, according to the Norwegian Petroleum Directorate (NPD).

Premier Oil to Ramp Up Output at North Sea Catcher Field

Thu, 11 Jan 2018 00:00:00 GMT

Premier Oil is planning to ramp up production from the Catcher field in the North Sea to 60,000 barrels of oil per day.

EIA: US Oil Output To Hit Record Over 11 MMbpd By End Of 2019

Tue, 09 Jan 2018 00:00:00 GMT

US crude oil production is expected to climb to more than 10 million bpd early in 2018, reaching that milestone for the first time since 1970.

OGTC Invests $1.8MM in P&A Technology

Mon, 08 Jan 2018 00:00:00 GMT

The UK's Oil & Gas Technology Centre (OGTC) is investing $1.8 million (GBP 1.3 million) in four well plugging and abandonment (P&A) projects.