Oil Falls On Concerns Over Rising Supply, Weaker Demand
Oil prices fell as concerns about surging US output and falling demand in China weighed on the contract and JP Morgan cut its price forecast.



Official: Italy's ENI On Track To Double Ghana Gas Output
ENI is on track to deliver the first gas from its Ghana operations this month.

Reuters

ACCRA, June 8 (Reuters) - Italy's ENI is on track to deliver the first gas from its Ghana operations this month, with output rising to 180 million cubic feet per day, enough to more than double national output by year end, officials told Reuters on Friday.



Reuters

AMSTERDAM, June 7 (Reuters) - Production at the Groningen natural gas field could be reduced to less than 12 billion cubic metres (bcm) per year by October 2020, faster than planned, the Dutch economic affairs minister said in a letter to parliament on Thursday.



Oil Search revealed Thursday that the Kimu 2 appraisal well, located in the forelands region of Papua New Guinea, has encountered gas in the target Alene reservoir.



BLOG: Poll Results Show 'Nothing' Will Be Decided at Next OPEC Meeting
A new Rigzone poll indicates 'nothing' will be decided at the next OPEC meeting.

Nothing will be decided at the June 22 OPEC meeting, according to a new Rigzone poll on social media platform Twitter.



Soledad O'Brien: Energy Does a Terrible Job of Telling Its Story
Emmy Award-winning journalist O'Brien believes energy companies need to focus their strategies on being honest and authentic in order to be successful in how they're portrayed in the media.



Reuters

NEW YORK, June 7 (Reuters) - Global benchmark Brent crude surged nearly $2 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise oil rig flanges gulf coast production at its meeting this month.



Oil Boom Bottleneck Costs Permian Investors $1B a Day
More than $1B a day. That's how much value a Permian pipeline crunch wiped out from the explorers most focused on the booming shale region in two weeks.



Montrose Port Authority, a support and service hub for the North Sea energy industry, has received a $2 million (GBP 1.5 million) grant from the Scottish government.



Safety 30: Nothing More Important Than Ensuring Safety of Those Offshore
Day 2 of the safety conference in Aberdeen is in full swing.

Nothing is more important than ensuring the safety of those offshore.


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