News Topics: Field Development

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Budget: Norway's Aasta Hansteen Gas Field to Delay Start-up to 2018
Wednesday, October 07, 2015 Production from the Statoil-operated Aasta Hansteen gas field offshore Norway could start in 2018, later than previously planned, according to the Norway's Oil and Energy Ministry.

Urals Energy Expands Arcticneft License Area Boundaries
Wednesday, October 07, 2015 Urals Energy expands the boundaries of its Arcticneft license area, following a royalty payment of RR27.5 million ($443,630) to the Russian regulatory authorities.

Official: UAE's Shah Gas Project Hits Full Output Capacity
Tuesday, October 06, 2015 The United Arab Emirates' Shah gas project has reached its full production capacity, according to the chief executive of Al Hosn Gas.

Europa to Implement Cost Saving Initiatives in 2016
Monday, October 05, 2015 Europa Oil & Gas will "implement cost saving initiatives" across its whole business in 2016, following a $4.56 million gross loss for the year ended July 31.

Shell Starts Production at Bonga Phase 3 Offshore Nigeria
Monday, October 05, 2015 Shell Nigerian Exploration and Production Company starts production at the Bonga Phase 3 project offshore Nigeria.

UAE Won't Let Falling Oil Prices Disrupt Energy Investments
Monday, October 05, 2015 The United Arab Emirates, the fourth-biggest OPEC producer, is sticking with investment projects to boost energy output even after the plunge in oil prices in the past year.

Statoil Buys Stake in Alfa Sentral Gas Field License on UKCS
Friday, October 02, 2015 Norway's Statoil pays $15 million for a 24-percent stake in the UK license that contains the Alfa Sentral gas and condensate field.

Russia Oil Output at Post-Soviet High on Foreign Projects, Rosneft
Friday, October 02, 2015 Russian oil output reached a new post-Soviet monthly high of 10.74 million barrels per day in September thanks to foreign-led projects and Rosneft, according to Russia's Energy Ministry.

Gulf Keystone Says Reserves More Than Double at Shaikan Oilfield
Thursday, October 01, 2015 Gulf Keystone says an independent report found that the reserves at a key oilfield in Iraqi Kurdistan were more than double the previous estimate.

How Israel Turned A Gas Bonanza Into An Antitrust Headache
Thursday, October 01, 2015 Five years later, poor policymaking, political infighting and a battle between PM Netanyahu and the antitrust commissioner over a lack of competition mean Leviathan remains undeveloped.

Partners Reach FID for Cameroon FLNG Project
Thursday, October 01, 2015 Partners reach a final investment decision to proceed with development of the Cameroon FLNG project.

America's Oil Output Refuses to Collapse. Here's One Reason Why.
Thursday, October 01, 2015 Somewhere amid the maze of wells that Murphy Oil Corp. has scattered across Texas' sprawling Eagle Ford shale formatio, Brett Pennington is carrying out a little experiment.

New Norwegian Oil Firm OKEA Secures Funding
Wednesday, September 30, 2015 New oil and gas firm OKEA, which features a former Norwegian energy minister on its board, secures up to $200 million of investment from Seacrest Capital.

Shell Says in Talks with Gazprom on Yuzhno-Kirinskoye Gas Field
Wednesday, September 30, 2015 Royal Dutch Shell is in talks to join Gazprom in tapping the Yuzhno-Kirinskoye gas field offshore Russia's Sakhalin island in the Pacific.

Nigeria MD: Shell to Focus Future Investment in Nigeria on Gas
Wednesday, September 30, 2015 The managing director of Shell's joint venture in Nigeria says that the oil major would focus its future investments in the country on natural gas.

Official: Unclear When Kashagan Reaches its Forecast Output Level
Tuesday, September 29, 2015 Kazakhstan's deputy energy minister says it is hard to judge when the Kashagan oilfield will start producing at the previously-forecasted level of 375,000 barrels per day.

Providence Resources Remains Optimistic about Irish Oil and Gas
Tuesday, September 29, 2015 Providence Resources says it remains well placed to deliver its plans and that it continues to be optimistic about the Irish oil and gas sector.

Solo Oil Ranks Tanzania Assets Highest
Tuesday, September 29, 2015 Solo Oil announces that its assets in Tanzania represent the most significant investments for the company and reveals that their further development "is being actively pursued".

Oil Output at Kazakhstan's TengizChevroil Seen Flat in 2015-2016
Tuesday, September 29, 2015 TengizChevroil is expected to keep output similar to its 2014 level this year and next.

EMAS AMC Completes 2 Subsea Tieback Projects for Noble Energy in US GOM
Monday, September 28, 2015 EMAS AMC successfully completes subsea tieback projects at Noble Energy's at Big Bend and Dantzler fields in the US Gulf of Mexico.

Differences Surface in Indonesian Government on Abadi Gas Project Concept
Monday, September 28, 2015 Differences surface within the Indonesian government on the development concept for the Abadi gas project in Arafura Sea, eastern Indonesia, according to a local daily.

Senex, GLNG Ink Deals to Develop Queensland's Western Surat Gas Project
Friday, September 25, 2015 Senex Energy inks agreements with GLNG to develop the Western Surat Gas Project in Queensland, Australia.

Statoil Cuts Capex for Johan Sverdrup Development
Friday, September 25, 2015 Statoil cuts the Phase One costs of developing one of Norway's biggest oilfield projects.

Premier Reports Production Ahead of Guidance
Wednesday, September 23, 2015 Premier oil reports that its production has remained ahead of guidance for 2015, and that it expects first oil from its Solan field during the fourth quarter.

Hurricane Reveals Reduced YOY Operating Loss
Wednesday, September 23, 2015 Hurricane Energy reveals an operating loss of $4.7 million for the first half of 2015, which marks an improvement on the company's operating loss of $7.5 million during the same period last year.

Imperial's New Projects Add 120,000 Bpd Of Crude So Far This Year
Wednesday, September 23, 2015 Imperial Oil adds 120,000 barrels per day of heavy crude supply from two new projects this year even as prices languish near 6-1/2 year lows.

Shutdown at North Sea Buzzard Oilfield Likely to be Moved to November
Wednesday, September 23, 2015 A planned shutdown of the UK North Sea's Buzzard oilfield is likely to be rescheduled to November from October, according to an industry source.

'Blood & Oil' Gives North Dakota Oilfields Soap Opera Treatment
Tuesday, September 22, 2015 ABC's new "Blood & Oil" TV series explores the lust for money and opportunity that defined the people who built the state of Dakota into an energy giant to rival OPEC members.

Faroe Petroleum: Operating Profit, Production Increase
Tuesday, September 22, 2015 Faroe Petroleum increases production and turns operating loss to operating profit in the first half of 2015.

Sirius Raises Funds to Finance Ororo Field Development
Tuesday, September 22, 2015 Sirius Petroleum raises $1.55 million to help it finance its Ororo Field well permit application in Nigeria.

ShaMaran Subsidiary to Contest TAQA Default Notice
Monday, September 21, 2015 ShaMaran Petroleum's wholly owned subsidiary, GEP, will contest a default notice issued by TAQA that claims GEP failed to pay its full participating interest share of July and August cash calls for the Atrush Block Joint Operating Agreement.

Statoil CEO Aims to Uphold Norway Output Level Until 2030
Monday, September 21, 2015 Statoil aims to uphold its output from the Norwegian continental shelf at current levels until 2030.

Lukoil Cumulative Uzbekistan Gas Output Hits 1Tcf
Friday, September 18, 2015 Lukoil cumulatively produces 30 billion cubic meters (1.05 trillion cubic feet) of natural gas at its projects in Uzbekistan.

FMC Kongsberg Secures Johan Sverdrup EPC Contract
Friday, September 18, 2015 FMC Kongsberg Subsea AS secures an EPC contract, worth an estimated $160 million, for subsea equipment for the Johan Sverdrup project.

World's First Subsea Gas Compression Plant Now Online
Thursday, September 17, 2015 Statoil reports that the world's first subsea gas compression plant is now online at the Asgard field in the Norwegian Sea, meaning the firm is a step closer to achieving its "subsea factory" goal.

MODEC Bags FSO Supply Contract from Maersk Oil for Culzean Field
Wednesday, September 16, 2015 MODEC bags contract to supply a floating storage and offloading vessel to Maersk Oil for the Culzean field in the North Sea.

Kuwait To Start Offshore Oil Exploration In Two Years
Wednesday, September 16, 2015 Kuwait planning an offshore oil exploration program within two years to boost oil output, says a Kuwait Oil Co executive.

Genel Energy to Buy OMV Stake in Bina Bawi Field
Tuesday, September 15, 2015 Genel Energy signs an agreement with OMV to buy its 36% operated stake in the Bina Bawi field, located in the Kurdistan Region of Iraq.

Rockhopper 'Well Placed' to Take Advantage of Low Oil Price
Tuesday, September 15, 2015 Rockhopper Exploration says that increased production from its Italian assets, recent acquisitions in Egypt and a strong balance sheet mean it is well placed in the low-oil price environment.

Exillon Energy Reduces Production YOY
Monday, September 14, 2015 Exillon Energy's total average daily production decreases in August 2015, compared to the same period last year.

UKOG Updates Reserves at Markwells Wood Field
Monday, September 14, 2015 A competent persons report by Xodus Group has calculated Markwells Wood oil field's Jurassic great oolite limestone reservoir to contain a P50 potentially recoverable contingent resource of 1.25 million barrels.

North Dakota May Let More Oil Wells Be Temporarily Idled
Monday, September 14, 2015 North Dakota's oil regulators say they may allow more wells to be temporarily abandoned, a step that prevent even more crude from flooding onto global markets.

Ocean Installer Secures Services Contract for Total Operated Field
Friday, September 11, 2015 Ocean Installer secures a contract for deep water umbilical, flowline and riser (UFR) installation work at the Total E&P Congo operated Moho Nord field, which is located off the coast of the Republic of Congo.

Argentina's Oil And Gas Output Up In July On YPF Production
Friday, September 11, 2015 Argentina's oil output rose 1.4% and natural gas production was up 1.8% in July on the year, thanks to rising output from YPF, the energy secretariat said.

Hurricane Progresses Lancaster Development
Thursday, September 10, 2015 Hurricane Energy's 100% owned Lancaster discovery, located west of the Shetlands in P1368, has been granted official oil field status by the UK Oil and Gas Authority.

Eni CEO Says Egyptian Gas Find Estimate Conservative
Wednesday, September 09, 2015 The estimate for Eni's gas find off the coast of Egypt of 30 trillion cubic feet is "conservative" and could be raised, according to the chief executive of the Italian oil and gas group.

Honeywell Wins Controls Systems Contract for Edvard Grieg Field
Tuesday, September 08, 2015 Honeywell Process Solutions wins a multi-year deal to provide support to Lundin's control system for the Edvard Grieg field in the Norwegian North Sea.

Indonesia Approves $3.6B Investments in 18 Oil, Gas Projects
Tuesday, September 08, 2015 Indonesia approves plans to invest $3.6 billion in 18 oil and gas projects in the year to Sept. 2.

EMAS AMC Bags Contract for Angostura Project Offshore Trinidad & Tobago
Tuesday, September 08, 2015 EMAS AMC bags contract from BHP Billiton for the Angostura project offshore Trinidad and Tobago.

MOL Scales Back Investment in Kurdistan Region of Iraq
Tuesday, September 08, 2015 MOL scales back investment in the Akri-Bijeel Block, located in the Kurdistan Region of Iraq, due to payment issues associated with the block and the area's geological complexity.

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