News Topics: Field Development

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Cooper Energy Upgrades Contingent Resource at Sole Field in Gippsland Basin
Thursday, November 26, 2015 Cooper Energy upgrades the resource at the Sole gas field in VIC/RL3 offshore Australia and opens the data room for the Gippsland Basin Gas Hub.

Israel's Leviathan Signs Preliminary Egypt Natgas Deal
Wednesday, November 25, 2015 Partners in the Leviathan gas field, offshore Israel, sign a 15-year deal to pump gas to Egypt via an existing subsea pipeline.

Minister Urges Industry to Boost India's O&G Output in Low Cost Environment
Wednesday, November 25, 2015 India's Minister for Petroleum & Natural Gas Dharmendra Pradhan urges the petroleum sector to capitalize on reduced industry costs to increase domestic oil and gas production.

Russia's Gazprom Neft to Quadruple Exports from Prirazlomnoye, Novoport
Tuesday, November 24, 2015 Gazprom Neft says it will quadruple oil exports from its Prirazlomnoye and Novoport fields in Russia during 2016.

China's NDRC Approves Development of the Sanjiao CBM Project in Ordos Basin
Tuesday, November 24, 2015 Sino Oil and Gas says the Chinese authorities have approved the development plan for the Sanjiao Coal Bed Methane Project in China's Ordos Basin.

KrisEnergy Secures Govt Approval for Rossukon Production Area Off Thailand
Monday, November 23, 2015 KrisEnergy secures government approval for the Rossukon Production Area in Block G6/48 in the Gulf of Thailand.

Malaysia's Sarawak Has More Oil & Gas Fields Not Monetized Yet
Monday, November 23, 2015 More than 200 discovered oil and gas fields offshore Sarawak, Malaysia have not been monetized, a PETRONAS official said, as indicated in a local media report.

Genel Energy Plans Joint Gas Company in Iraqi Kurdistan
Friday, November 20, 2015 Genel Energy Plc plans to establish a joint company with the Iraqi Kurdish government to develop gas fields, its chairman said on Friday.

Plan For Norway's Zidane Field May Be Presented In Summer 2016
Thursday, November 19, 2015 A plan for developing Norway's Zidane natural gas field could be presented in the second or third quarter of 2016, according to an OMV representative.

Iraqi Oil Selling at $30 as OPEC Readies for New Battles
Thursday, November 19, 2015 Iraq may increase oil output further in 2016, intensifying a battle for market share between OPEC members and non-OPEC rivals that has forced Baghdad to sell some crude grades for as little as $30 a barrel.

Shell To Decide On Ormen Lange Subsea Compression In 2016
Thursday, November 19, 2015 Shell plans to decide next year whether to resume installing subsea compressors at its giant Ormen Lange field offshore Norway, after stopping the project last year to save costs.

Shell Confirms Kaikias Development Potential
Thursday, November 19, 2015 Shell's appraisal of Kaikias reveals the discovery to have estimated resources of more than 100 million barrels of oil equivalent.

Wood Mac: Vaca Muerta Shale Play to Double Output by 2018
Thursday, November 19, 2015 Wood Mackenzie expects production from Latin America's Vaca Muerta shale play to double by 2018.

Statoil To Decide On Snorre 2040 Development Concept Next Autumn
Wednesday, November 18, 2015 Statoil will decide next autumn on how to upgrade the Snorre oil and gas field in the North Sea, according to a company executive.

NZEC Commences Water Flood Project in New Zealand's Taranaki Basin Permit
Tuesday, November 17, 2015 New Zealand Energy Corp. commences a water flood project in the Copper Moki-1 pool with the conversion of the Waitapu-2 well from an oil producer to a water injection well in New Zealand's Taranaki Basin.

UOG 2015: PM Netanyahu to End Israeli Gas Deadlock 'Within Weeks'
Tuesday, November 17, 2015 Israeli PM Benjamin Netanyahu will soon sign a document that will lead to the resumption of efforts to develop Israel's natural gas sector, according to Energy Minister Dr. Yuval Steinitz.

Iraq Oil Deal, Gas Finds, Could Help Egypt Become Energy Export Hub
Monday, November 16, 2015 Increased domestic energy production in coming years could allow Egypt to re-export Iraqi oil as part of a larger plan to become an energy export hub, says the country's petroleum minister.

Indonesia Expects Study on Abadi LNG Project to Complete by Year-End
Monday, November 16, 2015 Indonesia expects Poten and Partners to complete a study on the development plan for the Abadi gas project by year-end, a senior official of the Ministry of Energy and Mineral Resources says.

Rockhopper Achieves First Gas from Civita Field in Italy
Monday, November 16, 2015 Rockhopper Exploration achieves its first gas production into the Italian network from its Civita field, onshore Italy.

Sepia East Field, Offshore Brazil, Declared Commercial
Friday, November 13, 2015 Petrobras has submitted a declaration of commerciality to the Brazilian government for the Sepia East field located in the Santos Basin.

Norwegian Production Rises
Friday, November 13, 2015 Norwegian output rises for the first time in 4 months in October, according to preliminary figures from the Norwegian Petroleum Directorate.

IEA: Iraq Oil Overtakes Saudi in Europe as OPEC Battles Rage On
Friday, November 13, 2015 International Energy Agency says Iraq has stolen a march on its regional rivals.

Premier: Catcher, Solan Projects Back 'On Track'
Thursday, November 12, 2015 Premier Oil's Solan oilfield is on track to produce its first oil before the end of the year, while progress continues at the firm's Catcher project.

Development Drilling at Indonesia's Madura BD Project to Commence Soon
Wednesday, November 11, 2015 Husky Energy says development drilling at Madura BD gas-condensate field offshore Indonesia will commence soon, after recent installation of a jacket and wellhead platform at the field.

DNV: Collaboration Key to Tackling Ageing Middle East Structures
Wednesday, November 11, 2015 The Middle East faces a substantial challenge to ensure hundreds of ageing offshore oil and gas structures operate safely beyond original design life, says technical consultancy DNV GL.

Oilex Progresses Cambay Workover Campaign
Tuesday, November 10, 2015 Oilex Ltd successfully completes a workover on the Cambay-19z well, located on the Cambay field in Gujarat State, India.

Clashes Over Syrian Oil, Gas Assets Continue
Tuesday, November 10, 2015 Clashes over Syrian oil and gas assets continue as regime warplanes carry out raids on the country's al-Izba oilfield, according to a statement from the Syrian Observatory for Human Rights.

Eni Successfully Completes Guendalina Side Track Well
Tuesday, November 10, 2015 Rockhopper Exploration says partner Eni has successfully completed a side-track well on its Guendalina gas field, offshore Italy.

India's ONGC Posts 2Q FY16 Net Profit of $726.3M, Down 11.1% YOY
Monday, November 09, 2015 India's ONGC posts a net profit of $726.3 million for second quarter 2016 that ended Sept. 30, down 11.1 percent from last year's $816.7 million.

MOL's Upstream Segment Posts 99% Reduction in Operating Profit YOY
Friday, November 06, 2015 MOL's upstream segment posts a 99% year on year reduction in operating profit in its 3Q results.

Russia's Rosneft Offers Japan Chance to Join East Siberia, Far East Project
Friday, November 06, 2015 Russia's Rosneft makes an offer to Japanese firms to join its projects in Siberia and the Far East.

Statoil Could Lose 5% of Agbami Interest Following Expert Calculation
Friday, November 06, 2015 Statoil's equity interest in the Agbami field, located offshore Nigeria, could be reduced by 5.17% following an expert calculation of revised tract participations for the field.

BP Signs Agreement to Speed up Atoll Field Development
Thursday, November 05, 2015 BP signs an agreement with the Egyptian Minister of Petroleum to accelerate the development of the Atoll gas discovery, located offshore Egypt.

Continental Resources Boosts Crude Output Forecast
Wednesday, November 04, 2015 Continental Resources boosts production forecast despite posting a quarterly loss.

Beach Energy Provides Update on Upstream Ops in Australia's Cooper Basin
Wednesday, November 04, 2015 Beach Energy provides a monthly update on operations at its upstream oil and gas projects in Australia's Cooper Basin.

SapuraKencana Secures Approval for Eastern Malaysia Gas Field Development
Wednesday, November 04, 2015 SapuraKencana Energy secures approval for the SK 310 BK15 gas field development project, offshore eastern Malaysia.

Oasis Petroleum Profit Beats Thanks To Cost Cuts
Tuesday, November 03, 2015 Oasis Petroleum posts a better-than-expected quarterly profit as it successfully slashed costs to offset plunging crude prices.

Chevron Brings Lianzi Field Online
Monday, November 02, 2015 Chevron Overseas (Congo) Limited commences oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.

Russian Oil Output in October Hits Post-Soviet High
Monday, November 02, 2015 Russian oil production hits a post-Soviet high in October, rising 0.4 percent month on month to 10.78 million barrels per day.

Sonangol, Total Deepwater Project To Add 30,000 Bpd To Angola Oil Output
Monday, November 02, 2015 Sonangol and a unit of Total will break ground on a new deepwater oil pumping project that will add over 30,000 barrels a day to Angola's oil production.

Orca Closes $60M Loan Deal with IFC to Fund Songo Songo Gas Project
Friday, October 30, 2015 Orca closes $60 million loan deal with International Finance Corp., with proceeds used partly to fund Songo Songo field development program offshore Tanzania.

Murphy Studies Options for 2 Wells Off Sarawak, Farms-in to Vietnam Block
Thursday, October 29, 2015 Murphy is evaluating development options for the Merapuh 5 and Marakas wells offshore Sarawak, Malaysia, while agreeing to the farm-in for a 35 percent interest in the 15-1/05 Production Sharing Contract off Vietnam.

Indonesia to Decide on Abadi LNG Project Development Option Early Next Year
Wednesday, October 28, 2015 Indonesia will decide early next year on the development option for the Abadi gas project in the Masela Block in the Arafura Sea, eastern Indonesia after evaluating results of an independent study.

EnQuest Produces 1st Oil from New North Sea Field
Wednesday, October 28, 2015 Oil company EnQuest says its new Alma/Galia field in the UK North Sea has produced its first oil.

Shell Takes $2 Billion Charge to Quit Oil-Sands Project
Wednesday, October 28, 2015 Shell makes its second major strategic change in as many months, announcing it will take a $2 billion charge as it shelves an oil-sands project in Alberta after walking away from an Arctic drilling program.

Statoil Delays Production Start-up at the Mariner Oilfield to 2018
Wednesday, October 28, 2015 Statoil delays production start-up for its $7-billion mariner oilfield until the second half of 2018.

Kazakh Fund Signs Loan For Up To $1.5B To Buy Stake In Kashagan Oilfield
Tuesday, October 27, 2015 Samruk-Kazyna signed a 5-year syndicated loan worth up to $1.5B to help it buy a stake in the Kashagan oilfield from KazMunaiGas.

Tullow Delays Uganda Oilfield Sanction To Early 2017
Tuesday, October 27, 2015 Tullow Oil plans to take a final investment decision (FID) on a new oilfield project in Uganda in early 2017, later than planned, Chief Executive Aidan Heavey says.

Regulator: Statoil Closer to Making Castberg Proposal
Monday, October 26, 2015 Norway's Statoil is expected to present proposals for how to develop its 600-million barrel Johan Castberg oilfield relatively soon, according to the country's petroleum directorate.

Europa Oil & Gas: FEL 3/13 Prospects Valued at $1.1 Billion
Monday, October 26, 2015 A 100% working interest in 3 prospects on FEL 3/13, in the Porcupine Basin offshore Ireland, holds a risked net present value of $1.1 billion, according to an independent assessment by ERC Equipoise.

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