Oil has begun flowing at the Jack/St. Malo project in the deep-water Gulf of Mexico. More »
Oil companies that had locked up more than 1.3 million acres of the Beaufort Sea for drilling in 2007 have since relinquished nearly half that territory, signaling the industry’s appetite for tapping those Arctic waters may be waning even as the Obama administration makes plans to auction off more of the area. More »
Safety must be the backbone of any offshore company’s corporate culture because four of every five major offshore accidents are caused by human errors rather than mechanical or structural failures, an Anadarko Petroleum executive said Monday. More »
An Italian oil service company recently finished laying a huge swatch of pipeline across the Gulf of Mexico and will soon launch a new project on the other side of the globe. More »
Iran plans to meet with international oil companies as soon as March to try to entice investors to its energy industry once world powers lift sanctions, the Persian Gulf state’s oil minister said. More »
ConocoPhillips will begin producing natural gas at its Jasmine field in the North Sea, the company announced Wednesday morning.
The complex is a joint venture between Libya’s National Oil Corp. and Italian oil firm Eni SpA. More »
Somalia plans to sign 30 oil and gas production-sharing contracts this year, starting with companies that operated in the country before its government was toppled more than two decades ago, an official said. More »
The United States is uniquely positioned to harvest newly accessible natural gas reserves and sell the fossil fuel overseas — but that hinges on the Energy Department’s support for exports, executives said Wednesday. More »
Eni CEO Paolo Scaroni said the natural gas boom in the United States is unlikely to happen in other parts of the world. More »
Eni announces that the discovery of gas made in the exploratory prospectus of Mamba South 1, Area 4 offshore Mozambique, is about 50% larger than what announced by the company on October 20th. More »
Eni SpA, Italy’s biggest oil company, found natural gas off Mozambique in a field that may hold enough to supply the U.K. for more than four years and would be the explorer’s largest operated discovery. More »
British company Heritage Oil PLC said today that it has acquired a controlling interest in a Libyan company licensed to provide oil field services including offshore and land-based drilling. More »
Italian oil firm Eni SpA says a pipeline carrying some of its crude out of Nigeria’s oil-rich southern delta has been attacked. More »
Transocean spokesman Guy Cantwell said that the rig called Marianas began to take on water near Ghana today as it was preparing to move. The rig, currently under contract to Italian oil company Eni, was not drilling at the time.