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Oil price, Faroe, SDX Energy, And finally…

Oil price Both the Saudi Oil Minister and the head of Saudi Aramco were on their hind legs at Dav-oh yesterday, the former saying that the US supply infrastructure was ‘decimated' and the latter confirming that the oil market would have re-balanced by the end of the first half. He also snuck in ...

OilVoice Press


Posted 6 hours agoOpinion > Malcy's BlogFaroe PetroleumSDX Energy

Statoil awarded 29 new production licences on the Norwegian Continental Shelf

In connection with the Award in Predefined Areas (APA) for 2016 Statoil has been awarded interests in 29 exploration licences on the Norwegian continental shelf (NCS), 16 of these as operator, and 13 as a partner. “The NCS is the core of Statoil's business, and we are pleased with the awards in t ...

OilVoice Press


Posted 8 hours agoPress > StatoilNorwegian Continental Shelf

ExxonMobil to Acquire Companies Doubling Permian Basin Resource to 6 Billion Barrels

Companies' assets include 250,000 acres in highly prolific Permian Basin Adds more than 3.4 billion barrels of oil equivalent, of which 75 percent is liquids Upfront acquisition cost of $5.6 billion to be paid in ExxonMobil shares Exxon Mobil Corporation (NYSE:XOM) said today it will more than ...

OilVoice Press


Posted 8 hours agoPress > ExxonMobilPermian Basin

SKF and GE Oil & Gas sign collaboration agreement to develop use of active magnetic bearing applications

Collaboration agreement widens scope of use for active magnetic bearings for turbomachinery within the oil and gas sector  Luton, 18 January 2017: SKF and GE Oil & Gas have signed a non-exclusive, licence-based collaboration agreement, aimed at further developing the use of active magnetic bearing ...

OilVoice Press


Posted 8 hours agoPress > SKFGE Oil & Gasmagnetic bearing applications

Statoil awarding service contracts for two Cat J rigs

Baker Hughes and Schlumberger will be awarded the contracts for integrated drilling and well services on the Cat J rigs Askepott and Askeladden. The rigs will perform work at Oseberg and the Gullfaks. Initially awarded for four years the contracts include options for two 2-year extensions. The co ...

OilVoice Press


Posted 8 hours agoPress > StatoilNorwayCat J Rig +1

Faroe Petroleum awarded four new exploration licences in Norway

Four new exploration licences awarded in Norway   Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has been awarded four new prospective exploration licences, ...

OilVoice Press


Posted 8 hours agoPress > Faroe PetroleumNorwaylicence round

Angus Energy - Brockham oil field update

  Brockham oil field: Update Angus Energy plc. (the "Group") is pleased to confirm that, further to the 15 December 2016 announcement, site upgrade works to the production bunds are now complete and well intervention continues on site at Brockham. Accordingly, we anticipate the re-entry of t ...

OilVoice Press


Posted 8 hours agoPress > Angus EnergyBrockham oil field

Subsea 7 announces offer for Seaway Heavy Lifting

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that one of its wholly owned subsidiaries has made an offer to acquire the 50% shareholding in Seaway Heavy Lifting Holding Limited currently owned by K&S Baltic Offshore (Cyprus) Limited. The terms of the offer are binding on Subsea 7 unti ...

OilVoice Press


Posted 1 day agoPress > Subsea 7Seaway Heavy LiftingAcquisition

Noble Energy to Acquire Clayton Williams Energy

Noble Energy, Inc. (NYSE:NBL) ("Noble Energy" or "the Company") and Clayton Williams Energy, Inc. (NYSE:CWEI) ("Clayton Williams Energy") today announced that the Boards of Directors of both companies have unanimously approved and the companies have executed a definitive agreement under which Noble ...

OilVoice Press


Posted 1 day agoPress > Noble EnergyClayton Williams Energyacquisitions

Subsea 7 announces early termination of contract offshore Brazil

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the early termination of the day-rate contract for Subsea 7's Pipelay Support Vessel (PLSV), Seven Mar, working for Petrobras, offshore Brazil, effective 16 January 2017. The contract was due to expire in 2018 and as a result the Group back ...

OilVoice Press


Posted 1 day agoPress > Subsea 7BrazilOffshore

DW Monday: Obama’s Legacy

As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry. While many in the business have been vocal critics of the 44 th President and some of his more controversial legislations, there have been a number of positive aspects that occurred u ...

OilVoice Press


Posted 1 day agoOpinion > DW MondayObamaDonald Trump

Cape awarded insulation work packages for Jazan Project in the Kingdom of Saudi Arabia

Cape plc (CIU.LN), an international leader in the provision of critical industrial services to the energy and natural resources sectors, is pleased to announce Cape RB Hilton has been awarded three substantial insulation work packages from Nasser S. Al Hajri Corporation (NSH) for the Jazan project ...

OilVoice Press


Posted 1 day agoPress > CapeSaudi ArabiaKSA +1

New Statoil discovery near Norne

One year after the licence award Statoil has made an oil and gas discovery close to Norne estimated at between 20 and 80 million barrels.   “It's great kicking off the new year with a discovery,” says Jez Averty, senior vice president for exploration in Norway and the UK. The drilling o ...

OilVoice Press


Posted 1 day agoPress > StatoilDiscoveryNorne

Erut-1 oil discovery in Kenya for Tullow

Tullow Oil plc (Tullow) is pleased to announce that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metres. The overall oil column for the field is considered to be 100 to 125 metres.   The objective ...

OilVoice Press


Posted 1 day agoPress > Tullow OilDiscoveryKenya +1

African LNG: next wave potential

A string of new LNG projects in Australia, North America and Russia promise a growing surplus of LNG on international markets, making the timing of new Sub-Saharan African LNG projects difficult. Move too early and the offtake agreements will not be generous, with new projects feeding into an alr ...

OilVoice Press


Posted 2 days agoOpinion > PlattsLNGAfrica

Independent Oil and Gas acquire SNS Pipeline and Skipper

  Acquisition of SNS Pipeline and Skipper Update Independent Oil and Gas plc ("IOG" or the "Company") (AIM: IOG.L), the development and production focused Oil and Gas Company, is pleased to announce it has signed a Memorandum of Understanding ("MOU") regarding the 100% acquisition of a c ...

OilVoice Press


Posted 2 days agoPress > Independent Oil and Gas

Hurricane Energy spud the Halifax Well

  Halifax 205/23-A - Well Spud   Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces the spudding of well 205/23-A (the "Halifax Well") on 15 January 2017.  The recently drilled Lancaster Pilot well (2 ...

OilVoice Press


Posted 2 days agoPress > Hurricane EnergyHalifax WellSpud Watch

ExxonMobil Announces New Oil Discoveries Offshore Guyana

Payara-1 well encounters more than 95 feet of high-quality, oil-bearing sandstone reservoirs Well is located in new reservoir about 10 miles from Liza-1 discovery Appraisal drilling at Liza-3 identified additional high quality, deeper reservoirs below the Liza field ExxonMobil ann ...

OilVoice Press


Posted 5 days agoPress > ExxonMobilEssoHess Guyana Exploration Ltd +2

88 Energy announce Conventional Prospectivity Review Complete & Icewine#2 Update

88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska. Highlights Conventional Prospectivity Review by 88 Energy over Project Icewine complete Additional resource potential identi ...

OilVoice Press


Posted 5 days agoPress > 88 EnergyProject Icewine

Premier achieved a strong operational performance in 2016

Premier today provides the following Trading and Operations Update ahead of its 2016 Full Year Results which will be announced on Thursday 9 March 2017. 2016 Highlights Record production of 71.4 kboepd, up 24% on 2015 and in line with previously upgraded guidance Opex per barrel of $15.7/bbl ...

OilVoice Press


Posted 6 days agoPress > Premier Oil