Search results for: oil production

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  • 13 August 2015

    The Norwegian Petroleum Directorate (NPD) has informed that preliminary production figures for July 2015 show an average daily production of about 1 946 000 barrels of oil, NGL and condensate. This is the same as in June 2015. Total gas sales were about 9.6 billion Sm3, which is 1.3 GSm3 more than June. The average daily […]

  • 27 August 2010

    British offshore oil production continued its downward trend to the end of 2009 new official government figures show. Total offshore oil production on the UKCS fell to 15,753,000 tonnes at the end of 2009, down from 16,007,000 tonnes at the end of 2008.

  • 29 September 2016

    Organization of Petroleum Exporting Countries (OPEC) on Wednesday agreed to reduce oil production, aiming to stabilize oil prices. According to Reuters, this is the first such deal in eight years. The agreement in principle was reached in Algeria, where the OPEC oil ministers agreed to keep the production at 32.3 and 33 million barrels per […]

  • 14 October 2015

    The Norwegian Petroleum Directorate (NPD) has informed that preliminary production figures for September 2015 show an average daily production of about 1 864 000 barrels of oil, NGL and condensate. This is 58 000 barrels per day (about 3 percent) less than August 2015. Total gas sales were about 9.3 billion Sm3, which is 0.3 GSm3 less […]

  • 19 May 2017

    Norway’s oil production in April 2017 was 4.2 percent higher than oil production in the same period last year, according to a Friday report by the Norwegian Petroleum Directorate (NPD).   The regulator’s preliminary production figures for April 2017 show an average daily production of 2 111 000 barrels of oil, NGL and condensate, which is an […]

  • 8 December 2015

    EnQuest, a UK-based independent oil and gas company, posted a significant production increase in its update for the second half of 2015. The company said its production averaged 35,022 barrels of oil equivalent per day to end of November, up 26% on the same period last year and with a 39% increase to 41,360 Boepd […]

  • 26 June 2014

    In 2013 the Danish state generated revenue of about DKK 22.1 billion from oil and gas production, equal to about 63 per cent of total profits from activities in the North Sea.

  • 4 December 2013
    Business & Finance, Operations & Maintenance

    Petrobras has announced that the oil production (oil plus natural gas liquids – NGL) from all of its fields in Brazil averaged 1.960 million barrels per day (bpd) in October, remaining practically stable in relation to its production in September (1.979 mbpd). Taking into account the volume operated by Petrobras for its partners, production reached […]

  • 18 December 2017
    Business & Finance, Operations & Maintenance

    Eni Norge has resumed production of oil on Goliat on December 17, 2017. Maintenance and modification work has been conducted during a planned campaign during this fall. Furthermore, Eni Norge said it has completed work following an order related to the electrical system issued by the petroleum authority in October this year. According to Eni, […]

  • 5 December 2017
    Business & Finance

    The 2012-built oil products tanker Angel Star has been arrested in Singapore waters, Supreme Court of Singapore’s data shows. The 6,500 dwt vessel was detained in the morning hours of December 2, 2017. The reason for the tanker’s detention was not disclosed. Focal Investigation & Security Agency has been appointed for security and investigation purposes related […]

  • 12 November 2014
    Business & Finance, Project & Tenders

    Brazil’s Petrobras has announced that its consolidated oil and gas production, in Brazil and abroad, reached 2 million 795 thousand barrels of oil equivalent per day (boed) in October, up 0.5% from September’s production of 2 million 781 thousand boed. Oil production in Brazil rose 0.4% in relation to September and reaches a new record […]

  • 12 March 2015

    The Norwegian Petroleum Directorate (NPD) has reported that preliminary production figures for February 2015 indicate an average daily production of about 1 925 000 barrels of oil, NGL and condensate. This is 6 000 barrels per day (about 0.3 percent) less than in January 2015. Total gas sales were about 10.1 billion Sm3, which is […]

  • 31 January 2014

    Statoil has restarted production from the Statfjord C platform in the Norwegian part of the North Sea. In an update issued yesterday, the Norwegian oil company said the production was resumed Wednesday evening after required inspection was completed. Statoil was forced to shut down the output from the platform on Sunday morning, after the alarm went off, […]

  • 9 May 2006

    Addax Petroleum Corporation has announced the flag-off of a new Floating Production, Storage and Offloading vessel acquired by its subsidiary Addax Petroleu Development (Nigeria) Limited. The Sail Away Ceremony for the Knock Adoon FPSO was carried out at the Dubai Drydocks Shipyard. The Knock Adoon FPSO will replace the current Knock Taggart FPSO as Addax […]

  • 30 June 2016

    Oil product tanker earnings are the lowest since Q3 of 2014 and could drop even further but there is still money to be made in the second half of this year, according to BIMCO.  The reason for this decline is oil product tanker fleet growth coupled with slowing down of oil product stock building seen at […]

  • 16 September 2014
    Business & Finance, Project & Tenders

    The Norwegian Petroleum Directorate has informed that preliminary production figures for August 2014 indicate an average daily production of about 1 842 000 barrels of oil, NGL and condensate. This is 79 000 barrels per day (about 4 percent) less than in July 2014. Total gas sales were about 7.3 billion Sm3, which is 0.7 […]

  • 28 May 2012
    Business & Finance, Operations & Maintenance

    Ithaca Energy Inc. announces the successful start-up of oil production from the Athena field. The initial operations phase of the field is in line with management’s expectations and proceeding as planned. This involves bringing production from each well online and establishing stable performance of the oil processing and water injection systems. The Company will issue […]

  • 11 September 2013
    Business & Finance, Project & Tenders

      The North Caspian Operating Company (NCOC) on behalf of the North Caspian Sea PSA Consortium announced today the first well was opened and the initial volumes of oil are being produced from the Kashagan field in the North Caspian Sea. On the 30 June, RoK President Nursultan Nazarbayev visited the Kashagan project to celebrate […]

  • 6 November 2013

    Visund North is the sixth project that has started production of the 12 “fast track” projects Statoil has in its portfolio. “Completion of the first production well as well as a production shutdown at the Visund A platform gave us some challenges, but in spite of this we are starting production only 3-4 weeks after […]

  • 18 December 2015

    The Norwegian Petroleum Directorate, a government agency whose task is to manage the oil and gas resources on the Norwegian Continental Shelf, reported on Friday that oil production in November 2015 was above its prognosis.  According to the agency, preliminary production figures for November 2015 show an average daily production of about 1 993 000 barrels of […]

  • 14 August 2014
    Equipment

    So far this year the oil production is about 1 percent above the NPD’s prognosis.

  • 16 January 2014
    Business & Finance

    The Norwegian Petroleum Directorate has announced that preliminary production figures for December 2013 indicate an average daily production of about 1 916 000 barrels of oil, NGL and condensate.   This is 12 000 barrels per day (about 0.7 percent) more than in November 2013. Total gas sales were about 10.2 billion Sm3, which is 0,8 GSm3 more than […]