Nigeria's Belemaoil resumes oil lease 55 operations after a three-year hiatus
The Nigerian independent producer Belemaoil Producing announced on Monday that it has resumed its operations at Oil Mining Lease 55, after a three year shutdown due to theft-related damage.
Nigeria LNG Inks FID for Train 7
Nigeria LNG (NLNG) signed a long-awaited final investment decision on its Train 7 processing unit in Abuja on Friday, taking a step forward in increasing its liquefied natural gas production.NNPC and partners Eni…
Deep Down Wins Shell Order
Houston-based oilfield services company Deep Down said it has received an order for umbilical support services from Shell Trinidad and Tobago.The company specializing in complex deepwater…
Trump Administration to Revise Offshore Safety Rules
The Trump administration will unveil on Thursday its final plan to roll back offshore drilling safety measures put in place by the Obama administration after the fatal 2010 BP Deepwater Horizon oil spill, the worst in U.S.
Deepwater Oil Output to Reach 10 mb/d in 2019
Global deepwater oil production was expected to grow 700,000 barrels per day (b/d) this year to hit a record high of more than 10 million b/d.Norwegian research group Rystad Energy said…
Shell Transitioning BG after $53 bln Deal
Shell completes $53 billion acquisition; looks o become top LNG trader, major offshore oil producer. Royal Dutch Shell on Monday sealed the $53 billion (36 billion pounds) acquisition of…
Shell CEO: Brazil Output to Quadruple by 2020
Royal Dutch Shell, Europe's largest oil company, expects to make robust investments in Brazil's offshore, hoping to quadruple oil and gas output there by the end of the decade, its chief executive officer said on Monday.
Ultra Growth in the Ultra Deep
Apparently undeterred by low oil prices, oil and gas output from ultra-deepwater (>1,000m water depth) fields will continue the relentless growth seen in recent years. In the latest World Drilling & Production Forecast…
