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

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Mozambique Minister's Sacking Will Not Affect Gas Project Decision

Fri, 30 Sep 2016 00:00:00 GMT

The sacking of Mozambique's energy minister will not affect Italian oil firm Eni's final investment decision on an offshore gas project there.

Russia's Lukoil CEO Says Not Ready To Reduce Oil Output

Fri, 30 Sep 2016 00:00:00 GMT

Lukoil is not ready to reduce its oil output but will join oil market stabilization measures if Russia joins them.

IOG Determining Commerciality of Skipper Oil Discovery

Fri, 30 Sep 2016 00:00:00 GMT

Independent Oil and Gas plc is determining the commerciality of its first operated appraisal well on the Skipper oil discovery, which lies in Block 9/21a in license P1609 in the Northern North Sea.

MISC's MaMPU1 to Commence Ops at Vestigo's Anjung Kecil Field Off Sarawak

Fri, 30 Sep 2016 00:00:00 GMT

MISC says its newly converted Marginal Marine Production Unit (MaMPU1) will commence operations shortly at the Anjung Kecil oil field off Sarawak, Malaysia.

Falcon Updates on Drilling Ops at Amungee NW-1H Well in Beetaloo Basin

Fri, 30 Sep 2016 00:00:00 GMT

Falcon Oil and Gas (O&G) updates on hydraulic stimulation of the Amungee NW-1H well in Beetaloo Basin in Australia's Northern Territory.

Total Says Brazil Libra NW Prospect Holds 3-4 bln Barrels of Oil

Thu, 29 Sep 2016 00:00:00 GMT

French oil company Total SA said the northwest section of the supergiant Libra offshore oil prospect in Brazil holds 3 to 4 billion barrels of oil, according to a investor presentation on its website.

Libya AGOCO: ups Output to 290,000 bpd, Natl. Production Over 450,000 bpd

Thu, 29 Sep 2016 00:00:00 GMT

Libya's Arabian Gulf Oil Company (AGOCO) has increased production to 290,000 barrels per day, its chairman said, helping push national production up to between 450,000 and 490,000 bpd.

Kashagan Oil Consortium Begins Test Pumping

Thu, 29 Sep 2016 00:00:00 GMT

The consortium of oil majors developing the giant Kashagan oilfield in Kazakhstan has begun test pumping as the $50 billion project prepares for commercial production.

Maersk Oil Begins Culzean Drilling Campaign

Thu, 29 Sep 2016 00:00:00 GMT

Maersk Oil has begun drilling the first production well at the Culzean field, located in the UK North Sea.

Russia's Sakhalin Oil Output To Rise By 8% In 2016

Wed, 28 Sep 2016 00:00:00 GMT

Sakhalin is expected to increase oil production by 8% in 2016 from a year ago, a regional official said, which would add to the global glut the industry currently faces.

Petronas Canadian Gas Project Approved By Trudeau Government

Wed, 28 Sep 2016 00:00:00 GMT

Canadian Prime Minister Justin Trudeau's government has approved PETRONAS's $27 billion Pacific NorthWest liquefied natural gas project on British Columbia's Pacific coast.

Britain's First US Shale Gas Delivery Arrives In Scotland

Tue, 27 Sep 2016 00:00:00 GMT

Ineos ships in Britain's first shale gas from the United States, sparking debate on the country's manufacturing future and Scotland's opposition to shale gas fracking.

Condor Commences Commercial Oil Production from Shoba, Kazakhstan

Tue, 27 Sep 2016 00:00:00 GMT

Canada-based oil and gas company Condor Petroleum Inc. has commenced commercial oil production at its 100% owned Shoba oilfield in Kazakhstan.

Russell: Oil Exporters Focus On Supply, But What Of China Demand?

Tue, 27 Sep 2016 00:00:00 GMT

Major oil exporters clearly would like higher crude prices and may even be getting closer to some sort of coordinated action, but they should be careful what they wish for as they may choke off demand growth in top importer China.

Real Energy Prepares for Tamarama-1 Well Test Program in Queensland

Tue, 27 Sep 2016 00:00:00 GMT

Real Energy prepares for a well test program at the Tamarama-1 well in Permit ATP 972P in Queensland, Australia.

Aminex Secures Rig to Drill Ntorya-2 Well in Tanzania's Ruvuma Basin

Mon, 26 Sep 2016 00:00:00 GMT

Aminex inks deal for rig to drill the onshore Ntorya-2 appraisal well in Tanzania's Ruvuma Basin in the last quarter of 2016.

Crude Oil Export Trends in the Middle East

Fri, 23 Sep 2016 00:00:00 GMT

August movements exemplify a shift within the landscape of Middle East exports.

Russia's Rosneft To Sell 96M Tons Of Crude Oil To Petrovietnam

Fri, 23 Sep 2016 00:00:00 GMT

Rosneft signs a contract to supply 96 million tons of crude oil to PV Oil, an affiliate of state oil and gas PetroVietnam, starting next year.

Russia's Gazprom Says Output at Bolivian Field to Double by Mid-2019

Thu, 22 Sep 2016 00:00:00 GMT

Russian gas giant Gazprom plans to double gas production at Bolivia's Incahuasi field to 13 million cubic metres per day by mid-2019.

Russia Says 'In Theory' It Can Cut Oil Output By 5%

Thu, 22 Sep 2016 00:00:00 GMT

Russia can "in theory" reduce its oil output by 5%, Russian Deputy Energy Minister Kirill Molodtsov said on Thursday.