Zohr’s production to reach 2.9 Bcf/d by mid-2019

February 14, 2018 0

Production at the Egypt’s supergiant gas field Zohr, operated by Italian oil major Eni, will reach 2.9 billion cubic feet per day (Bcf/d) by mid-2019, the company’s CEO Claudio Descalzi told reporters in Cairo Monday.

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Oklahoma retracting wind energy incentives

February 13, 2018 0

Oklahoma in the early 2000s, looking to diversify its oil- and gas-dominated economy, sought to diversify, and offered the wind industry generous state tax incentives and access to inexpensive tracts of land.

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Statoil’s oil & gas output up 6% in 2017

February 8, 2018 0

Norway’s Statoil is the latest European oil major to reach a record-high production level in 2017, posting a growth of more than 6% as efficiency increased and production costs declined, Kallanish Energy learns.

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U.S. natural gas production only goes up

February 8, 2018 0

U.S. dry natural gas production averaged 73.6 billion cubic feet per day (Bcf/d) in 2017, and is forecast to reach 80.3 Bcf/d in 2018, establishing a new record, STEO, the Energy Information Administration's just-released Short-Term Energy Outlook, projects.

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BP’s production grows the most since 2010

February 7, 2018 0

British oil supermajor BP reported Tuesday 12% upstream production growth in 2017 — the highest since 2010 — in what the company claimed to be one of the strongest years in its recent history, Kallanish Energy learns.

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Shell maintains output at 3.66 MMBOE/d

February 2, 2018 0

Shell’s crude oil production remained unchanged in 2017 at 3.66 million barrels of oil equivalent per day (MMBOE/d), as output ramp ups helped the company to offset field declines and production drops from divestments.

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UK’s O&G output to grow until 2020

January 26, 2018 0

The UK’s oil and gas production is expected to continue growing until 2020, with the longer-term production outlook highly dependent on the success of new exploration and investments, Rystad Energy said Thursday.

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