Production drilling started on Mariner

by Timothy Reeder | Dec 13, 2016 | News

Production drilling has started on the Statoil operated Mariner field in the UK North Sea. Up to five wells will be drilled before the Mariner A platform hook up and commissioning activity starts next summer.  First oil is expected to be produced from Mariner in 2018....

Clay Neff Named President of Chevron Africa and Latin America Exploration and Production

by Timothy Reeder | Dec 13, 2016 | News

Chevron Corporation recently named Clay Neff president of Chevron Africa and Latin America Exploration and Production, effective January 1, 2017. Neff, 54, succeeds Ali Moshiri, who will retire from Chevron after 38 years of distinguished service, effective April 1,...

BP approves Mad Dog Phase 2 project in the Deepwater Gulf of Mexico

by Timothy Reeder | Dec 13, 2016 | News

BP has sanctioned the Mad Dog Phase 2 project in the United States, highlighting its long-term commitment to the country despite the current low oil price environment. Mad Dog Phase 2 will include a new floating production platform with the capacity to produce up to...

ExxonMobil to Become Red Bull Racing’s Official Fuel and Lubricant Partner

by Timothy Reeder | Dec 13, 2016 | News

ExxonMobil announced recently that it will become the Red Bull Racing Formula 1™ team’s official fuel, lubricant and motor oil partner in 2017. Under the agreement, ExxonMobil will supply Red Bull Racing with leading-edge Mobil 1™ lubricants and Synergy™ race fuels...

BP buys 10% interest in Egypt’s super-giant Zohr gas field

by Timothy Reeder | Nov 29, 2016 | News

BP today announced that it has agreed to buy from Eni a 10% interest in the Shorouk concession offshore Egypt, which contains the super-giant Zohr gas field, for $375 million. On closing, BP will also reimburse Eni for BP’s share of past expenditure. As part of the...

Total and SOCAR sign agreement to develop Absheron discovery

by Timothy Reeder | Nov 22, 2016 | News

Total and SOCAR, the national oil company of Azerbaijan, have signed an agreement establishing the contractual and commercial terms for a first phase of production of the Absheron gas and condensate field, located in the Caspian Sea and discovered by Total in 2011....