News Categories: Production News
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Santos Reassures on Costs at $18.5B Gladstone LNG Project
Wednesday, November 26, 2014 Santos is on track to produce first liquefied natural gas from its $18.5 billion Gladstone LNG project in the second half of 2015, reassuring doubters who fear it may face cost overruns.
Russia Says Will Keep Oil Output Steady In 2015
Wednesday, November 26, 2014 Russian oil companies will keep production steady in 2015, Energy Minister Alexander Novak says, after Moscow left a meeting with other major oil producers with no agreement on how to address weak oil prices.
British Columbia Approves Petronas LNG Project, Two Gas Pipelines
Wednesday, November 26, 2014 British Columbia has approved a liquefied natural gas export terminal being developed by Petronas, along with two pipelines to service the province's fledging LNG industry, the province's Ministry of Environment says.
TAG's Cheal-E6 Well Intersects Oil and Gas Bearing Sands in Taranaki Basin
Wednesday, November 26, 2014 TAG Oil's Cheal-E6 well intersects oil and gas bearing sands in onshore Taranaki Basin, New Zealand.
Sona Clings on to Fading Hopes of Acquiring Thai Assets from Salamander
Wednesday, November 26, 2014 Sona Petroleum clings on to fading hopes of completing its $280 million acquisition of two oil and gas blocks in the Gulf of Thailand from Salamander Energy.
FMC Commissions First All Nigerian-Built Subsea Production Tree
Wednesday, November 26, 2014 The Bonga Northwest Development will feature the first subsea production trees engineered, manufactured, tested, installed and serviced by FMC Technologies entirely in Nigeria.
Triangle Energy Gets Approval to Operate Pase Block in Aceh, Sumatra
Tuesday, November 25, 2014 Triangle Energy receives approval to operate Pase block in Aceh, North Sumatra, Indonesia for 20 years.
CNOOC Flows First Oil from Xijiang 24-1 DJDP in Pearl River Mouth Basin
Tuesday, November 25, 2014 CNOOC commences first oil production from the Xijiang 24-1 district joint development project in the Pearl River Basin in South China Sea, offshore China.
Bauer-19 Well Results May Raise Bauer Oil Field Reserves in Cooper Basin
Tuesday, November 25, 2014 Beach Energy reports that results from Bauer-19 development well has potentially increased reserves for the Bauer oil field in South Australia's Cooper Basin.
Cyprus Eyes Gas Exports to Egypt via Pipeline
Tuesday, November 25, 2014 Cyprus and Egypt agree to accelerate talks on the potential export of Cypriot gas to Egypt once resources come on line.
Ghana Gives Eni Green Light For $6B Offshore Gas Project
Monday, November 24, 2014 Ghana's government gives Italy's energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points block.
Cidade de Ilhabela FPSO Achieves First Oil at Sapinhoa Field Development
Monday, November 24, 2014 SBM Offshore says its Cidade de Ilhabela FPSO vessel is formally on hire after achieving first oil at the Sapinhoa field development offshore Brazil.
Russia May Suggest Oil Output Cuts, Eyes State Oil Reserve Creation
Monday, November 24, 2014 Russia, in desperate need of higher oil prices, is making a last-ditch attempt to sway this week's OPEC meeting by suggesting Moscow could cut output if the group does the same.
Gaza Marine Development Could Help Deliver Israeli Security
Sunday, November 23, 2014 Rigzone hears Ariel Ezrahi, an adviser to former British PM Tony Blair, explain how investing in Palestinian energy infrastructure would be good for Israel's security and its relations with the Arab world.
Official: Indonesia Favors Pertamina to Operate Mahakam Block After 2017
Friday, November 21, 2014 Pertamina is likely to become the operator and majority shareholder of the offshore Mahakam oil and gas block after the contract of current operator Total E&P Indonesie expires in 2017, an energy ministry official says.
SapuraKencana Acquires Petronas' Stakes in 3 Blocks off Vietnam for $400M
Friday, November 21, 2014 SapuraKencana Petroleum ventures into Vietnam with the acquisition of three offshore blocks from Petronas for $400 million.
Exxon Mobil in Final Talks with Ivory Coast Over Two Oil Blocks
Friday, November 21, 2014 Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry tells Reuters.
WDS Pens Construction Contract with Santos GLNG
Thursday, November 20, 2014 WDS pens construction contract with Santos GLNG for the Roma West Phase 2 project in Queensland, Australia.
Shell, Petronas Carigali to Develop E6 Field Offshore Sarawak
Thursday, November 20, 2014 Shell and Petronas Carigali proceed with the development of E6 field in SK308 Production Sharing Contract, offshore Sawarak, Malaysia.
Empire Exits Onshore Carnarvon Basin, Sell Remaining Acreage to Bounty
Thursday, November 20, 2014 Empire Oil & Gas inks agreement to sell its remaining acreage in Western Australia's onshore Carnarvon Basin to Bounty Oil & Gas.
Israel Must Improve 'Erratic and Unclear' Oil, Gas Regulations
Thursday, November 20, 2014 Israel still has a lot of work to do to improve "erratic and unclear" regulations if its oil and gas industry is to flourish, speakers say at the UOG 2014 conference.
Primeline Secures Funds for China's Offshore LS36-1 Gas Field Development
Thursday, November 20, 2014 Primeline Energy secures project finance facility to fund its share of the development of LS36-1 gas field offshore Zhejiang province, China.
Azeri BP-Operated Oil, Gas Output In Jan-Sept Near 2013 Level
Thursday, November 20, 2014 Oil output from BP-led oilfields in Azerbaijan between January and September were down slightly from a year earlier, BP-Azerbaijan says, driving a fall in the country's total oil production.
Karoon Updates on Drilling at Kangaroo-2 Appraisal Well in Santos Basin
Wednesday, November 19, 2014 Karoon Gas provides update on drilling at Kangaroo-2 appraisal well in Block S-M-1165 block, Santos Basin, Brazil.
Shell To Revisit Norway's Ormen Lange Gas Project In 2016
Wednesday, November 19, 2014 Shell could restart work on offshore compression at its Ormen Lange gas field in Norway in the first quarter of 2016, after stopping the project in April, it says.
Firms Developing Cyprus Gas Field Raise Reserve Estimate 12%
Tuesday, November 18, 2014 The reserve estimate for the Aphrodite natural gas field offshore Cyprus has been raised by 12%, and most of the gas is likely to be exported, Israeli firms involved in the project said.
Pre-Commissioning Ongoing at Cooper Eromanga Basin's Hornet-1 Gas Well
Tuesday, November 18, 2014 Senex Energy is carrying out pre-commissioning at Hornet-1 gas well in Australia's southern Cooper-Eromanga Basin prior to first gas sales.
RH Petrogas Drills First Development Well in Fuyu 1 Block in Jilin Province
Tuesday, November 18, 2014 RH Petrogas commences drilling of the first development well in Fuyu 1 Block in China's Jilin province.
OBL Gains Full Stakes in 2 Undeveloped Gas Fields in Gippsland Basin
Tuesday, November 18, 2014 Oil Basin Ltd. gains full stakes in two undeveloped offshore gas fields in permit Vic/P47 in Australia's Gippsland Basin.
Pertamina Says May Double Output from Overseas Assets by End-2014
Tuesday, November 18, 2014 Pertamina expects its overseas assets to contribute between 90,000 and 120,000 barrels of oil equivalent per day by the end of 2014, the company says, up from around 63,000 barrels per day of crude last year.
Argentina's YPF, Chile's ENAP Agree Extra $200M for Offshore Gas Project
Monday, November 17, 2014 Argentina and Chile's state-run energy firms agree to invest an extra $200 million to increase natural gas production off the southern tip of South America.
Tubular Bells Starts Ringing as Production Flows
Monday, November 17, 2014 Chevron and Hess kick off production from the Tubular Bells deepwater project in the U.S. Gulf of Mexico.
Petrobras Says 3Q Brazil Oil Output Rises to 2.09M Barrels per Day
Monday, November 17, 2014 Petrobras improves its oil production in Brazil by nine percent during the third quarter.
Technip Bags PMC Services Deal for UAE's Nasr Field Development Project
Friday, November 14, 2014 Technip bags a project management consultancy services contract for Nasr Phase II field development project in the United Arab Emirates.
First Oil from H5 Development in Te Giac Trang Field Planned for 2H 2015
Friday, November 14, 2014 Soco reports that first oil from the H5 development project in Te Giac Trang field offshore Vietnam is targeted for the second half of 2015.
NPD: Norway's Ormen Lange Appraisal Well Does Not Change Resource Estimate
Friday, November 14, 2014 Shell drilled an appraisal well on its Ormen Lange gas field in Norway and though it hit a large gas column, there is no basis to change the recoverable resource estimate, the Norwegian Petroleum Directorate says.
Pakistan's Zarghun South Field Surface Processing Facilities Operational
Friday, November 14, 2014 Jura Energy reports that the surface processing facilities at the Zarghun South gas field in Balochistan province, Pakistan have been successfully commissioned.
Sea Lion Partners Agree to Lower-Cost Development
Thursday, November 13, 2014 Premier Oil and Rockhopper Exploration agree to a lower-cost development solution for the Sea Lion field, offshore the Falkland Islands.
December North Sea Oil Output Set To Jump By 11.5%
Thursday, November 13, 2014 North Sea daily oil output tracked by Reuters is set to jump by 11.5% in December from November.
McDermott Delivers Riser Support Structure for Inpex's Ichthys LNG Project
Thursday, November 13, 2014 McDermott delivers the riser support structure for the Inpex-operated Ichthys liquefied natural gas project's subsea umbilical, riser, flowline development offshore Western Australia.
Gulf Keystone says Iraqi Kurdistan Oilfield Output Target on Track
Thursday, November 13, 2014 Gulf Keystone Petroleum says it is on track to meet its full-year production target at its Shaikan oilfield in Iraqi Kurdistan.
Genel Strikes Deal to Develop Major Gas Fields in Iraqi Kurdistan
Thursday, November 13, 2014 Genel signs an agreement with the Kurdistan Regional Government to develop two large gas fields that could supply Turkey with gas from 2017.
Deepwater Gulf Production to Set New Record in 2016
Thursday, November 13, 2014 Deepwater Gulf of Mexico production is expected to reach a new peak of 1.9 million barrels of oil equivalent per day in 2016, according to Wood Mackenzie's latest outlook.
First Gas Flows from Kebabangan Field Offshore Sabah, Malaysia
Thursday, November 13, 2014 ConocoPhillips announces the commencement of gas production from the Kebabangan field offshore Sabah, Malaysia.
Buru Energy Completes Oil Production Testing at Ungani North 1 Well in WA
Thursday, November 13, 2014 Buru Energy completes oil production testing at Ungani North 1 well in the Canning Basin, Western Australia.
Bumi Armada, HMCL Further Delay FPSO Contract Signing for Madura BD Field
Thursday, November 13, 2014 Bumi Armada and Husky-CNOOC Madura Limited further extends the timeline to sign a contract for a floating production, storage and offloading vessel to be deployed to Madura BD field offshore Indonesia.
Soco International Cuts Full-Year Production Guidance
Thursday, November 13, 2014 Africa-focused Independent oil explorer lowers its production guidance for 2014 to between 13,300 and 13,800 barrels of oil per day.