News Topics: Field Development
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Central Inks Production Agreement for Surprise Oil Field in Amadeus Basin
Friday, December 13, 2013 Central Petroleum inks production agreement with Central Land Council for Surprise oil field in the Amadeus Basin, Northern Territory, Australia.
Chevron Sees Cost Jump at Australia Gorgon LNG Project
Thursday, December 12, 2013 Chevron Corp raises the cost of its giant Gorgon liquefied natural gas project in Australia by $2 billion, the second increase in just over a year to take the total cost to $54 billion.
Petronas Celebrates 100 PSCs in Malaysia with Award of Block PM322
Thursday, December 12, 2013 Petronas announces that Malaysia now has 100 production sharing contracts following the award of Block PM322 in the Straits of Malacca to Salamander Energy.
Salamander Updates on Operations at Bualuang Oil Field in Block B8/38
Thursday, December 12, 2013 Salamander Energy provides an update on drilling, development and production operations at Bualuang oil field in B8/38 concession in the Gulf of Thailand.
North Sea's Blythe, Skipper Assets Get 3-Month Extension
Wednesday, December 11, 2013 Independent Oil & Gas says that licenses covering its Blythe and Skipper assets in the North Sea have been extended to March 31, 2014.
ICON Clinches Contract for Halk el Menzel Field in the Gulf of Hammamet
Wednesday, December 11, 2013 ICON Engineering clinched a wellhead platform design and installation contract for the Halk el Menzel field in the Gulf of Hammamet, Tunisia.
Encana to Grow Natural Gas Liquids Production by 30%
Wednesday, December 11, 2013 Canada's Encanca Corp plans to increase natural gas liquids production by 30 percent in 2014.
AAG Gets Preliminary Approval to Develop Mabi CBM Project in Shanxi
Wednesday, December 11, 2013 AAG Energy obtains preliminary approval for its overall development plan for the Mabi coalbed methane project in Shanxi province, China.
Magnolia Reports Jake Wells Boost
Wednesday, December 11, 2013 Four Jake wells add 156 barrels of oil equivalent per day to Magnolia Petroleum's production.
Petronas, Brunei Petroleum Authorities Inks Cooperation Agreements
Tuesday, December 10, 2013 Petronas and Brunei petroleum authorities ink several oil and gas cooperation agreements.
PTSC M&C Clinches EPCIC Contract for Su Tu Nau Project in Block 15-1
Tuesday, December 10, 2013 PTSC M&C clinches an engineering, procurement, construction, installation and commissioning contract from the Cuu Long Joint Operating Company for the Su Tu Nau development in Block 15-1 off Vietnam.
Woodside Sees Final Decision on Israel's Leviathan in Early 2014
Tuesday, December 10, 2013 Woodside Petroleum expects to make a final decision on an investment in Israel's Leviathan field in the first half of 2014, around the time that Israel is likely to finalize its tax policy for gas export projects.
Wood Group Signs Production Buoy Agreement
Monday, December 09, 2013 Wood Group PSN is set to play a greater role in developing an unmanned production buoy concept that is designed to commercialize marginal fields.
Exillon Gets West Siberia Field Extension
Friday, December 06, 2013 Exillon Energy says it has been granted an extension to its EWS I field in West Siberia.
Eni CEO Says Unlikely Kashagan Re-Start Delayed To 2015
Friday, December 06, 2013 Eni CEO says oil production from Kazakhstan’s Kashagan field is unlikely to be delayed to 2015.
Sources: Chevron's $6.4B China Gas Project Pushed Back Again
Friday, December 06, 2013 A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources say.
OMV Boosts Gas Production in Pakistan
Friday, December 06, 2013 Two successful field developments in Pakistan mean that Austria's OMV is successfully boosting its gas production in the country.
BP Pushes Technical Limits To Tap Extreme Fields
Thursday, December 05, 2013 BP leads an industry-wide push to develop technology that can retrieve oil from deeper formations and higher pressures and temperatures.
Oil Producers Cut Back Some North Sea Output Due To Storm
Thursday, December 05, 2013 North Sea oil and gas producers have cut some production and moved staff from a limited number of platforms to shore because of a major storm, the companies say.
Noble Touts Duo Discoveries in GOM, Offshore Israel
Wednesday, December 04, 2013 Noble Energy announces discoveries at the Dantzler exploration well in the Deepwater Gulf of Mexico and at the Tamar Southwest (SW) exploration well offshore Israel.
Santos Sees 2014 Production Driven by PNG LNG Start-Up
Wednesday, December 04, 2013 Santos discloses that the company's 2014 production is projected to reach 52 to 57 million barrels of oil equivalent, driven by start-up of the Papua New Guinea liquefied natural gas project in 2Q 2014.
Oil Firms Move Some Staff Ashore From Norway's North Sea Before Storm
Tuesday, December 03, 2013 Energy companies operating in the Norwegian sector of the North Sea are moving some staff ashore because of an approaching winter storm but production is so far unaffected, they said.
Petroneft Restarts Drilling Operations
Tuesday, December 03, 2013 Petroneft says it has restarted drilling activity at it operations in Russia.
Shell Floats Hull for Prelude FLNG Vessel
Tuesday, December 03, 2013 Shell says that the 1,600-foot hull for the Prelude FLNG vessel, the world's largest floating facility, has been floated out of a dry dock in Korea.
Wood Group Mustang Secures FEED for Hess' Stampede TLP
Tuesday, December 03, 2013 Wood Group Mustang secures a contract to provide front-end engineering design (FEED) services for Hess' Stampede tension leg platform (TLP) in the Gulf of Mexico.
Sources: Caspian Pipeline Eyes Kashagan Oil Next May-June
Monday, December 02, 2013 Caspian Pipeline Consortium expects to receive oil from the giant Kashagan oilfield next summer.
Exillon Saw Steady Production Increase in November
Monday, December 02, 2013 November sees Russia-focused Exillon improve its production to an average 17,652 barrels per day.
Rosneft, Foreign-Led Firms Boost Russian Oil Output to Post-Soviet Record
Monday, December 02, 2013 Rosneft boosts Russian oil output to post-Soviet record with the help of foreign-led companies.
Statoil to Land Johan Sverdrup Oil at Mongstad
Monday, December 02, 2013 Statoil says the partners in the Johan Sverdrup development have decided to land its oil at the Mongstad terminal north of Bergen, Norway.
Canacol Strikes Oil at Colombia Well
Monday, December 02, 2013 The Leon 1 encountered 133 feet of net oil pay within 4 different reservoirs, and Canacol is currently preparing to conduct a series of production tests on the discovery.
Galoc Phase II Project to Commence Oil Production in Early December
Friday, November 29, 2013 Nido Petroleum reports that Galoc Phase II development is expected to commence production in early December.
NuEnergy to Raise $2.27M Via Rights Issue to Fund Muara Enim PSC Project
Friday, November 29, 2013 NuEnergy Gas plans to raise $2.27 million through a rights issue to fund its development program at the Muara Enim Production Sharing Contract in South Sumatra, Indonesia.
Madagascar Oil Sees Crude Sales as Early as Next Year
Wednesday, November 27, 2013 Madagascar Oil, which began producing oil in May for its own steam generators, aims to have a plan approved next year to allow it to begin the country's first commercial sales, its chief operating officer says.
Russia's Lukoil Says Will Start West Qurna-2 By End Of 1Q
Tuesday, November 26, 2013 Lukoil has had minor disruptions to its operations in Iraq and plans to launch West Qurna-2 oilfield by the end of first quarter 2014, its Vice-President Andrey Gaidamaka says.
PBJV Wins Contract for Kebabangan Project off Sabah
Monday, November 25, 2013 Barakah Offshore Petroleum's subsidiary PBJV Group wins a contract for the Kebabangan Northern Hub Development Project off Sabah, Malaysia.
Baker Hughes Begins To Resume Iraq Oilfield Operations
Monday, November 25, 2013 Baker Hughes Inc is preparing to resume operations in Iraq after protests prompted it to stop work at the Rumaila field.
JV Awaits Government Approval to Extend SC63 Project
Monday, November 25, 2013 Nido Petroleum discloses that partners in Service Contract 63 off Philippines' Palawan Island is awaiting government approval for a 12 month extension for the current sub-phase of the project.
Chevron Throws Doubt On Rosebank North Sea Development
Friday, November 22, 2013 Chevron says development of its Rosebank project was not currently economically attractive, raising doubts about a resurgence of the North Sea as fears rise over costs.
Statoil Delays UK Field Development Worth up to $7B
Friday, November 22, 2013 Norway's Statoil delays the development of its Bressay heavy oil field in the UK North Sea in order to simplify the project and reduce costs.
Senex Energy Unveils Latest Cooper Basin Discovery
Friday, November 22, 2013 Senex Energy's progress in the Cooper Basin of South Australia continues with a new oil discovery.
Hibiscus Progresses Plan for West Seahorse Development in VIC/P57
Thursday, November 21, 2013 Hibiscus Petroleum progresses plan for the development of the West Seahorse oil field in permit VIC/P57 in Australia's Gippsland Basin.
Fracking Without Freshwater At A West Texas Oilfield
Thursday, November 21, 2013 At a dusty Texas oilfield, Apache has eliminated its reliance on what arguably could be the biggest long-term constraint for fracking wells in the arid western United States: scarce freshwater.
Lundin Sees $8.2B Sverdrup Spending Estimate as Fair
Thursday, November 21, 2013 Lundin judges an $8.2-billion estimate for investments in the giant Johan Sverdrup field offshore Norway as fair.
Rosneft to Invest $3B in Three East Siberian Fields
Thursday, November 21, 2013 Russian oil producer Rosneft plans to invest around $2.8 billion by 2015 in developing three fields in eastern Siberia.
Faroe Says Reviews Options for Future of North Sea Njord Platform
Thursday, November 21, 2013 The Njord North Sea production platform may have to be replaced if oil and gas development drilling is to continue in the surrounding area, junior partner Faroe Petroleum says.
Production at UK Breagh Gas Field to Resume in 6-8 Weeks
Wednesday, November 20, 2013 Production at the North Sea's Breagh gas field is expected to resume within six-to-eight weeks.
CFO: OMV Production In Libya Still Interrupted
Tuesday, November 19, 2013 OMV's production in Libya continues to be interrupted by security problems, finance chief David Davies says.
NOC: Libya's Mellitah Port Restarts Oil Exports, Oilfield to Ramp Up
Tuesday, November 19, 2013 Operations at Libya's Mellitah oil terminal return to normal, with the El Feel field that supplies the port to ramp up production from Wednesday.
Wood Mackenzie: Russia Must Refocus In Order to Maintain Production
Tuesday, November 19, 2013 UK energy analyst Wood Mackenzie says Russia must refocus investment on conventional onshore projects to more difficult tight oil, LNG and Arctic projects.
Cape Inks $75M Deal with Bechtel for Work on the Wheatstone Project
Monday, November 18, 2013 Cape's Australian subsidiary enters into a $75 million contract to provide Bechtel with scaffold erection and dismantling services for the Chevron-operated Wheatstone project in Australia.
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