Production

BP on Monday announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below...

Exxon Mobil Corporation has added 2.7 Bboe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil's proved reserves totaled 21.2 Bboe at year-end 2017. Liquids represented 57% of the reserves, up from 53% in 2016....

(Hart Energy) A funk has settled over the Alberta oil industry as low prices, pipeline system constraints, storage shortfalls, and limited rail shipping have combined in a perfect storm that is costing producers millions of dollars every day. While the...

ExxonMobil today announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland...

ExxonMobil Guyana Country Manager, Rod Henson says the company would like to look back 10 years from now and see that its presence would have served to help the South American country of 750,000 people. Guyana will enter the league...

ExxonMobil along with its joint venture partners Hess and CNOOC Nexen will be drilling 17 wells in preparation for the Liza Phase 1 development project located 120 miles offshore the South American country of Guyana. But why is the...

Exxon Mobil Corporation (NYSE:XOM) today announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day. Discovered in 1980, the Hebron field is estimated to...

First oil has flowed from Brazil’s giant Libra field operated by Petrobras and a consortium that includes Total, Shell and China’s CNPC and CNOOC, the companies said on Monday. Libra, which has recoverable volumes estimated by oil regulator ANP at...

Offshore exploration and development wells are often drilled from mobile offshore drilling units (MODUs, pronounced "moe-dooz"). Depending on the water depth and remoteness of the location, these "rigs" may be jack-ups (up to 400 feet of water), or semisubmersibles,...

There is an abundance of oil resources: oil resources known today dwarf the world’s likely consumption of oil out to 2050 and beyond. Global proved oil reserves have more than doubled over the past 35 years: for every barrel of...