Upstream news

The company has announced one of its largest US Gulf of Mexico exploration finds in the psat decade from the Wale deepwater well.

Noble Energy, Inc. announced that it has signed a definitive agreement to divest a 7.5% working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. for cash proceeds of approximately US$560 million and 38.5 million shares of Tamar Petroleum. 

Parsley Energy, Inc. provided an operational update that discloses certain full-year 2017 results and highlights strong indications from the Company's Wolfcamp C delineation programme.

Spirit Energy is extending the life of one of its key North Sea fields by tapping into new reserves this year.

Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil and production is expected to ramp up over the next few months.

Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM). The well was drilled to a final depth of 8898 m and encountered 205 m of net oil pay in a high quality Norphlet reservoir. 

Regional Oil and Gas industry reflections from Mike Blakemore, Senior Vice President at Advisian Abu Dhabi.

These companies represent 61% of US shale oil production in 2018 and were chosen for their focus on oil output.

The new exploration discoveries are Capercaillie, which it a 100% owner of, and Achmelvich, which it has a majority stake in.

The agreement is for Shell’s stake in Blocks 15, 16 and 17 and Block G12/48.