News Topics: Field Development

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OMV, Gazprom Agree Joint Development Plan for Urengoy Field
Friday, September 04, 2015 OMV reaches an agreement with Gazprom to participate in the development of areas IV and V of the Achimov formation in the Urengoy oil, gas and condensate field in Siberia.

Europa Oil & Gas: Wressle Discovery Could Be Larger Than Expected
Friday, September 04, 2015 Europa Oil & Gas says the Penistone Flags oil zone at the Wressle-1 oil and gas well on license PEDL180 "could be larger than first envisaged", following an extended well test of the region.

Inpex Submits Revised POD for Abadi Project Off Indonesia, Using a FLNG
Thursday, September 03, 2015 Inpex submits a revised development plan for the Abadi gas field in the Masela Block in Arafura Sea, Indonesia.

Rosneft, Sinopec Agree on Joint Development of Russian Fields
Thursday, September 03, 2015 Rosneft and Sinopec agree to work together on the development of the Russian Russkoye and Yurubcheno-Tokhomskoye fields.

Atlantic Petroleum Continues to Increase Production
Wednesday, September 02, 2015 Atlantic Petroleum's total production output from the Chestnut, Ettrick and Blackbird fields, located offshore UK, has increased by 9,000 barrels of oil equivalent year-on-year from August 2014 to August 2015.

Galilee Upgrades CSG Contingent Resource Estimates at Queensland's ATP 529P
Tuesday, September 01, 2015 Galilee Energy upgrades its coal seam gas contingent resource estimates at ATP 529 within the Galilee Basin in Queensland, Australia.

Giant Gas Find Favoring Egypt at Israel's Expense Sparks Selloff
Tuesday, September 01, 2015 A gas discovery in the eastern Mediterranean that has the potential to transform the region's energy balance in favor of Egypt has thrown the outlook for stocks of Israeli producers into disarray.

PETRONAS Approves Development Plan for Malaysia's Offshore Ophir Oil Field
Tuesday, September 01, 2015 PETRONAS approves the revised development plan for the Ophir oil field in Block PM 305 offshore Malaysia.

Go-Ahead Given for Biggest UK Field Found in a Decade
Monday, August 31, 2015 Maersk Oil says that the UK's biggest hydrocarbon discovery for a decade has been approved for development, and will support an estimated 6,000 UK jobs.

Denmark Expects to Maintain Present Oil and Gas Production
Friday, August 28, 2015 Denmark expects to maintain its current production of oil and gas for the next two and a half years, according to new estimates from the Danish Energy Agency.

Iran to Offer South Pars Oil Project at London Conference
Thursday, August 27, 2015 Iran will offer a project to extract oil from its South Pars gas field at a conference in London later this year, according to an Iranian official.

Maersk Seeks to Shut Oil Installation in UK North Sea
Wednesday, August 26, 2015 Maersk Oil seeks regulatory permission to shut its Janice installation, which produces around 7,000 barrels per day from three UK North Sea oilfields.

Schlumberger Estimates 10.99B Barrels of OIP in Horse Hill License Area
Wednesday, August 26, 2015 UK Oil & Gas Investments announces that 10.993 billion barrels of mean oil in place (OIP) has been independently calculated by Schlumberger to lie within the 55 square miles of the PEDL137 and PEDL246 Horse Hill licenses.

Iran Expects New South Pars Gas Production to Start in October
Tuesday, August 25, 2015 Iran plans to bring online two new gas operations in October after the OPEC member completes development of another section of the world's largest gas field, its oil minister said on Tuesday.

India ONGC Submits Revised Development Plan for Iran Gas Field
Monday, August 24, 2015 India's ONGC Videsh submits a revised proposal seeking the development rights of Iran's giant gas field Farzad B.

Russia's Rosneft in talks with Mubadala on East Siberian Fields
Monday, August 24, 2015 Rosneft is in talks with Mubadala Petroleum to jointly develop two east Siberian projects, Tass Yuriakh and Verkhnechonskoye, the Kremlin said on Monday.

AWE Raises WA's Perth Basin Gross Recoverable Gas to 700 Bcf
Friday, August 21, 2015 AWE raises onshore Perth Basin gross recoverable gas in Western Australia to more than 700 billion cubic feet after evaluating the Waitsia-1 and Waitsia-2 appraisal well results.

Tempo Australia Provides More Personnel for Gorgon LNG Project in WA
Friday, August 21, 2015 Tempo Australia to provide more personnel for construction, pre-commissioning and commissioning services for the Gorgon liquefied natural gas project in Western Australia .

First Phase of Johan Sverdrup Development Approved
Friday, August 21, 2015 The Norwegian Ministry of Petroleum and Energy approves the first phase of development for the Johan Sverdrup field.

Mnazi Bay Gas Wells Deliver 1st Gas to Tanzania Pipeline
Friday, August 21, 2015 Wentworth Resources reports the first gas delivery from the Mnazi Bay Concession in southern Tanzania to the country's new transnational pipeline.

JOGMEC, Inpex Commence Study on Technology for Shale Gas Project in Canada
Thursday, August 20, 2015 Japan's JOGMEC and Inpex commence joint study on technology on shale gas development in British Columbia, Canada with IGBC and Nexen.

Panoro Energy Reports $34.13M Operating Loss
Thursday, August 20, 2015 Panoro Energy announces a $34.13 million operating loss at the EBIT level, during the second quarter of 2015.

Premier Oil Posts Robust First-Half Results
Thursday, August 20, 2015 Results from Premier Oil show it move from a profit to loss but the firm's first-half performance were judged 'solid' by analysts.

POGC Says Phases 15 & 16 of South Pars Gas Project to Startup in October
Wednesday, August 19, 2015 Iran's Pars Oil and Gas Company says Phases 15 and 16 of the South Pars gas project is expected to commence production by mid-October.

SKK Migas Approves Tiung Biru, Jambaran Field Development Plan in Java
Wednesday, August 19, 2015 Indonesia's upstream regulator SKK Migas approves a revised development plan for the Tiung Biru and Jambaran fields in Java.

Circle Oil Extends Mahdia License Exploration Permit in Tunisia
Wednesday, August 19, 2015 The Tunisian authorities approve an application from Circle Oil to renew its exploration permit on the Mahdia block for three years, until January 19, 2018.

Woodside's 1H 2015 Net Profit After Tax Falls 39% to $679M on Lower Revenue
Wednesday, August 19, 2015 Woodside's net profit after tax falls 39 percent to $679 million in the first half of 2015, with the decline attributed to lower operating revenue.

Monadelphous Bags Contract for Chevron's Barrow Island Assets in WA
Monday, August 17, 2015 Monadelphous bags a 3-year contract facilities maintenance services contract for the Chevron-operated Barrow Island assets in Western Australia.

Tempo Secures Variations to Sub-Contract for WA's Gorgon Project
Monday, August 17, 2015 Tempo Australia secures variations to an existing sub-contract at the Gorgon project in Western Australia.

Russia's Rosneft Plans to Increase Oil Output
Friday, August 14, 2015 Russia's Rosneft plans to increase its oil production, Chief Executive Igor Sechin has told Prime Minister Dmitry Medvedev.

Statoil Installs 1st Piece of the Johan Sverdrup Field Development
Thursday, August 13, 2015 Statoil says the first piece of the Johan Sverdrup field development has been completed with the installation of a 280-ton pre-drilling template.

Israel Says Reaches Deal to Develop Leviathan Natural Gas Field
Thursday, August 13, 2015 The Israeli government says it has reached a deal that will pave the way for the development of the Leviathan field.

Lukoil Caspian Field Passes 5M Tons Mark
Wednesday, August 12, 2015 Russian oil and gas firm Lukoil sees oil production at its Yuri Korchagin field in the Caspian Sea pass five million tons.

Tullow Resumes Exports from the Jubilee Field
Wednesday, August 12, 2015 Tullow Oil reports that it is exporting gas again from its Jubilee field, offshore Ghana, more than a week ahead of schedule.

Indonesia Authorities Approve Sumatra's Akatara Field Development Plan
Tuesday, August 11, 2015 Ramba Energy says the Indonesian authorities have approved the development plan for the Akatara field in the Lemang block in Sumatra.

Libya's El Feel, El Sharara Oilfields Remain Closed
Monday, August 10, 2015 Libya's El Sharara and El Feel oilfields remain closed due to protests and a pipeline blockage, oil officials say.

BP 1H Oil Output At Azeri Fields Dips To 641,000 Bpd
Monday, August 10, 2015 Oil output from BP-led oilfields in Azerbaijan in the first half of 2015 was slightly down compared to a year earlier, BP-Azerbaijan says.

Chevron-led Kazakh Oil Company Boosts 1H Output
Monday, August 10, 2015 Tengizchevroil, Kazakhstan's number one oil company, increases its crude output by 8.2 percent.

Dragon Oil to Maintain Production Rate of 100,000 Bopd for 5 Years
Friday, August 07, 2015 Dragon Oil will aim to maintain an average gross production rate of 100,000 barrels of oil per day, for a minimum of five years, from 2016.

Maintenance Activities Completed on Opuama-5 Well, Nigeria
Friday, August 07, 2015 Eland Oil & Gas reports that maintenance activities on its Opuama-5 well, onshore Nigeria, are now complete.

Japan's Inpex Says Ichthys LNG Project a Little Behind Schedule
Friday, August 07, 2015 Inpex Corporation's $34-billion Ichthys liquefied natural gas project in Australia is slightly behind schedule but the firm says it is still on target to start commercial production by the end of 2016.

Noreco Production Falls in July 2015
Friday, August 07, 2015 Noreco reveals that its overall production figures in July 2015 were lower than figures reported in June 2015.

Sound Oil Agrees Italy Gas Deal with Shell
Thursday, August 06, 2015 Junior energy firm Sound Oil agrees a gas sales deal for its Casa Tonetto production concession with Shell Energy Italia.

Surge Energy Revenue Drops, Production Increases
Thursday, August 06, 2015 Surge Energy's revenue drops 37% in the second quarter of 2015, compared to the same period last year, despite a production increase of 8% compared to 2Q 2014.

Lundin Cuts 2015 Production Forecasts
Wednesday, August 05, 2015 Lundin Petroleum cuts its production guidance from previous forecasts of between 41,000 to 51,000 barrels of oil equivalents per day to 32,000 boepd.

Goodrich Petroleum Posts $12.9 Million Adjusted Revenues Loss
Wednesday, August 05, 2015 Goodrich Petroleum's adjusted revenues in the second quarter of 2015 were $12.9 million lower than the same period last year.

SOCO Net Profit, Production Down
Wednesday, August 05, 2015 SOCO reveals that its net profit and production for the first half of 2015 decreased, compared to the same period last year.

YPF Profit Climbs on Higher Argentine Oil Price, Output Increase
Wednesday, August 05, 2015 YPF posts second-quarter earnings that exceeded expectations as it increased output and sold crude at a premium to international prices.

Atlantic Petroleum more than Doubles Production in July 2015
Tuesday, August 04, 2015 Atlantic Petroleum's production figures more than double during July 2015, compared to the same period last year.

Peregrino Field Offshore Brazil Produces 100 Million Barrels of Oil
Tuesday, August 04, 2015 Statoil announces that the Peregrino field in the Campos basin offshore Brazil has produced 100 million barrels of oil, since April 2011.

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