enooilfield.com

Eno Oil Reports Preliminary Results of Fogelberg Appraisal

Admin — Wed, 11 Apr 2018 08:20:33 +0000

Successful appraisal well on the Fogelberg discovery, confirming reservoir sequence and lateral extent
Reservoir quality is better than that seen in the original discovery well, 6506/9-2 S, with a deeper gas-water contact.

Saudi Arabia is Said to Signal Ambition for $80-oil

Admin — Thu, 05 Apr 2018 09:21:35 +0000

Saudi Arabia wants to get oil prices near $80/bbl to pay for the government’s crowded policy agenda and support the valuation of state energy giant Aramco before an initial public offering.
In conversations with OPEC delegates and oil market participants, Saudi officials had been careful to avoid pinpointing an exact price target. Yet people who have spoken to them said the inescapable conclusion from the conversations was that Riyadh is aiming for $80.

BP to Invest £420m in 30,000-barrel North Sea Scheme

Admin — Thu, 01 Feb 2018 09:22:06 +0000

BP North Sea regional president Ariel Flores said: “Through our Alligin and Vorlich developments we are simplifying and accelerating the stages of delivery to improve project cycle time, reduce costs and, importantly, add new production to our North Sea portfolio.