News Topics: Field Development

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Dong Energy Expects Positive Cash Flow from Oil, Gas in 2017
Thursday, February 04, 2016 Denmark's Dong Energy confirms plans to press ahead with an IPO, saying it expects positive cash flow from its struggling oil and gas division in 2017.

Total Conducting Seismic Testing on Congo Oil Block
Thursday, February 04, 2016 French oil major Total conducts first seismic testing on oil block in northeastern Congo, a company spokeswoman confirms.

Sources: Saudi Aramco to Keep Same Number of Oil, Gas Rigs
Wednesday, February 03, 2016 Industry sources expect Saudi Aramco keep the same number of its oil and gas drilling rigs this year despite weak oil prices.

Ombrina Mare Project Development Stymied by New Drilling Ban
Wednesday, February 03, 2016 Rockhopper Exploration is considering suing the Italian government after it reintroduces a ban on offshore that will halt development of the firm's Ombrina Mare field.

PetroVietnam May Shut Down Fields, Trims Ouput if Oil Prices Dip Further
Wednesday, February 03, 2016 PetroVietnam considers shutting down or reducing production at its fields if crude oil prices fall below $30 a barrel.

Saudi Aramco Continues to Invest Despite Oil Price Crash
Tuesday, February 02, 2016 Saudi Aramco will not cut its upstream investment despite the collapse in oil price, says Ahmed Al-Sa'adi, Saudi Aramco's senior vice president for technical services.

Iraq's KRG to Pay Oil Companies According to Contracts in 2016
Monday, February 01, 2016 The Kurdistan region of Iraq says it will pay international oil companies according to their contractual entitlements in 2016 in a bid to restore confidence and raise production.

UKOG Triples Resource Base
Thursday, January 28, 2016 UK Oil & Gas Investments plc triples its resource base following a volumetric analysis carried out by Xodus Group Ltd.

IOG Receives Skipper License Extension
Thursday, January 28, 2016 Independent Oil and Gas plc announces that the Skipper license in P1609, block 9/21a, has been extended until December 31, 2016, following discussions with the UK Oil & Gas Authority.

Israel Names Attorney Michal Halperin to Head Anti-Trust Agency
Wednesday, January 27, 2016 Israeli Prime Minister Benjamin Netanyahu appoints lawyer Michael Halperin to run the Anti-Trust Authority after a dispute over natural gas reserves led to the resignation of her predecessor.

SHI Awards Ichthys LNG Project CPF Hook-up Services Contract to Clough
Wednesday, January 27, 2016 Samsung Heavy Industries awards a hook-up services contract for Australia's Ichthys liquefied natural gas project central processing facility to Clough.

Lukoil Signs Cooperation Agreement with Krasnoyarsk Region
Wednesday, January 27, 2016 Russian oil firm Lukoil signs a cooperation agreement with the Krasnoyarsk Region in eastern Siberia, where the firm was recently granted a license to develop the East Taymyr block.

Roxi Retains GCA to Evaluate BNG Asset
Wednesday, January 27, 2016 Roxi Petroleum plc retains Gaffney, Cline & Associates to evaluate the company's flagship BNG asset.

Bahrain's Banagas in $355 Mln Deal with Japan's JGC Corp for Gas Plant
Wednesday, January 27, 2016 Japan's JGC Corp has signed a $355 million deal with Bahrain's Banagas to build the expansion of a gas plant in the Gulf state, Bahrain's state news agency reported on Wednesday.

Novatek Increases Total Proved Reserves
Tuesday, January 26, 2016 Novatek's total proved reserves increase to 12.817 million barrels of oil equivalent in 2015, from 12.643 million barrels of oil equivalent in 2014.

Australia's Subsea Engineering Associates Bags Baltic Gas Project Contract
Tuesday, January 26, 2016 Australia's Subsea Engineering Associates bags a design, procurement and construction management contract for the Baltic Gas Project offshore Poland.

FMC Inks $180M Subsea Contract with Woodside for WA's GWF-2 Project
Tuesday, January 26, 2016 FMC Technologies inks a $180 million subsea production systems contract for the Greater Western Flank Phase 2 Project off Western Australia.

Despite Oil Glut, Tullow Launches Huge New Deepwater Production Vessel
Thursday, January 21, 2016 Tullow Oil plans to send one of the world's biggest floating deepwater oil production platforms to West Africa to pump crude for at least 20 years.

Total: UK Laggan-Tormore Gas Production to Start 'in Coming Weeks'
Thursday, January 21, 2016 First gas production from the UK's Laggan-Tormore gas condensate fields off the Shetland Islands in the North Sea is expected to start 'in the coming weeks', according to a Total spokesman.

Petrobras Halts Oil, Natgas Platform Output For Second Time In 8 Days
Thursday, January 21, 2016 Petrobras stopped output from its P-31 oil and natural gas production ship in the Albacora Field northeast of Rio de Janeiro for the second time in 8 days.

Arctic Oil Dreams Get $7B Lifeline in Norway Amid Slump
Wednesday, January 20, 2016 Norway's Arctic ambitions just got a $7 billion boost from Statoil.

Iraq Wants Foreign Oil Firms to Cut Development Spending, Oil Minister Says
Tuesday, January 19, 2016 Iraq's oil minister says the country wants oil companies to cut spending as the nation seeks to narrow a budget gap caused by lower crude prices.

Statoil Goes Ahead with Arctic Field After Halving Of Costs
Tuesday, January 19, 2016 Statoil will go ahead with its Arctic Johan Castberg oilfield, the firm's CEO says.

Sino G&E Provides Operational & Commercial Updates on its China Gas Assets
Tuesday, January 19, 2016 Sino Gas & Energy Holdings provides update on commercial matters and operations at its unconventional gas assets in China's Ordos Basin.

Shell Exits Bab Sour Gas Reservoirs Project
Monday, January 18, 2016 Shell will exit the joint development of the Bab sour gas reservoirs with ADNOC in the Emirate of Abu Dhabi, after an evaluation of the project's technical challenges and costs.

Mitra Submits Outline Development Plans for 2 Fields Off Vietnam to PVEP
Monday, January 18, 2016 Mitra Energy submits Outline Development Plans for Nam Du and U Minh fields offshore Vietnam to PetroVietnam Exploration Production Corp.

Tap Oil, Mubadala Settle Thailand's Manora Oil Field Facilities Costs
Monday, January 18, 2016 Australia's Tap Oil signs agreement with Manora oil development operator Mubadala Petroleum to settle capital costs of the field facilities located offshore Thailand.

NPD: Cost Reductions, Efficiency Required for Profitability on NCS
Thursday, January 14, 2016 Cost reductions and improved efficiency will be required to ensure continued high activity and future profitability on the Norwegian Continental Shelf, according to the Norwegian Petroleum Directorate.

Statoil Picks Subsea Plan For Norway Project After 30% Cost Cut
Wednesday, January 13, 2016 Statoil and its partners agree on a development concept for their Trestakk oil and gas discovery off the coast of Norway.

Tullow: TEN Project Over 80% Complete, CAPEX Reduction in 2016
Wednesday, January 13, 2016 Tullow announces that it will be reducing its capital expenditure in 2016 and that the TEN field, located offshore Ghana, is over 80% complete.

Novatek: Yarudeyskoye Oil Field Reaches Production Capacity
Tuesday, January 12, 2016 The Yarudeyskoye oil field in Russia reaches its planned production capacity of 9,700 tons (69,287 barrels) of crude oil per day.

Iran Expects South Pars Project to be Fully Operational by March 2018
Tuesday, January 12, 2016 Iran expects the South Pars oil and gas fields located on the country's border with Qatar in the Persian Gulf to come online by March 2018.

Ithaca Sees Production Doubling in 2016 on Stella Start-Up
Tuesday, January 12, 2016 Ithaca Energy sees its production more than doubling to 25,000 barrels per day by the end of 2016 thanks to the start-up of the Greater Stella Area development during the third quarter.

PetroChina-Chevron Sour Gas Project Begins Production in China
Monday, January 11, 2016 PetroChina and Chevron begin production at an onshore natural gas field in China's southwest.

Bowleven Completes Flow Tests on Bomono Wells Onshore Cameroon
Friday, January 08, 2016 Bowleven says an extended flow test program at the Moambe and Zingana wells on the Bomono Permit, onshore Cameroon.

Israeli Firms in Talks to Buy Natural Gas from Leviathan
Thursday, January 07, 2016 Partners in Israel's offshore Leviathan natural gas site are in talks to supply gas to a number of Israeli companies.

Faroe Petroleum Almost Doubles 2P Reserves
Wednesday, January 06, 2016 Faroe Petroleum registers a 98% increase in 2P reserves over the year, according to an independent technical report carried out by Senergy (GB) Limited.

Atlantic Petroleum Production Drops
Wednesday, January 06, 2016 Atlantic Petroleum sees an output reduction following a decision to go into default on the Ettrick and Blackbird fields.

AWE, Origin to Develop Waitsia Gas Field Project in Onshore Perth Basin
Tuesday, January 05, 2016 The AWE-Origin Energy L1/L2 joint venture approves development of the first stage of the Waitsia gas field project in onshore Perth Basin, Western Australia.

OGA Grants Consent for Horse Hill Flow Test
Monday, January 04, 2016 The UK's Oil and Gas Authority grants consent for an extended flow test over three separate zones in the Horse Hill-1 discovery well.

Brazil November Oil, Gas Output Lowest In A Year After Strike
Monday, January 04, 2016 Brazil's oil and natural gas output was the lowest in a year in November as a strike reduced production from fields run by Brazil's biggest operator, Petrobras, ANP said in a statement.

First Oil Achieved at Cladhan Field
Tuesday, December 29, 2015 TAQA reports that its UK subsidiary has achieved first oil from the Cladhan field in the North Sea.

Gazprom Statement Confirms Commitment to Arctic Region
Tuesday, December 29, 2015 After approving an $11.8-billion investment plan, Gazprom Chairman Alexey Miller's Christmas and New Year statement underlines the firm's commitment to the Russian Arctic.

Brazil Regulator Sets Rules For Petrobras Oil Fields Rights Renewal
Wednesday, December 23, 2015 Petrobras will have to agree to extract at least 900 million barrels more of oil and natural gas equivalent from its Marlim and Voador fields to win early renewal of its concession rights, ANP said.

Statoil Submits Rare $940 Million Plan Amid Oil-Price Rout
Friday, December 18, 2015 Statoil is forging ahead with a $940 million project designed to squeeze more oil and gas out of the Oseberg area of the North Sea, a rare investment decision amid a collapse of crude prices.

Norwegian Production Decreasing
Friday, December 18, 2015 Norway's production levels are decreasing, according to preliminary figures from the Norwegian Petroleum Directorate.

Faroe Petroleum Secures Drilling Rig for Brasse Well in Norway
Thursday, December 17, 2015 Faroe Petroleum secures a rig to drill the Brasse prospect in Norway next summer.

Novatek Says China's Silk Road Fund Provided 700M Euros to Yamal LNG
Thursday, December 17, 2015 China's Silk Road Fund has invested $761 million in the Yamal LNG project, according to Russian oil firm Novatek.

Petrobras Strike Cuts November Oil, Gas Output To Lowest In 16 months
Wednesday, December 16, 2015 Oil and natural gas output at Petrobras fell to its lowest level in 16 months in November after oil unions cut production during their biggest strike against the company in 20 years.

ExxonMobil Increases Production at Banyu Urip Field, Indonesia
Monday, December 14, 2015 ExxonMobil announces the "successful and safe" start-up of the onshore central processing facility at the Banyu Urip field in Indonesia, which will help increase production to more than 130,000 bopd.

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