News Topics: Field Development

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Advent's RL1 Project in Australia's NT to Gain from Infrastructure Project
Thursday, June 23, 2016 Advent Energy's Weaber Gas Field project in permit RL1 in Australia's Northern Territory is likely to gain from a government infrastructural funding program in the state.

Maintenance At Malaysia-Vietnam Oilfield To Cut Aug Bunga Crude Exports
Thursday, June 23, 2016 A scheduled oilfield maintenance in the joint production area of Malaysia and Vietnam will reduce Bunga crude exports in August.

Essar Oil Emerges as India's Largest Unconventional Gas Producer
Wednesday, June 22, 2016 India's Essar Oil is the country's largest unconventional gas producer, supported by increased production at its Raniganj (East) coal bed methane block in West Bengal.

Sea Trucks to Provide Floatel Services for Malikai Project Off Malaysia
Wednesday, June 22, 2016 Sea Trucks clinches a contract from Sabah Shell to provide floatel services for the Malikai development offshore Sabah, Malaysia while Intermoor completes an assignment for the same project.

Statoil, Partners Study Troll Post-2020 Output Expansion
Monday, June 20, 2016 Norwegian oil firm Statoil and its partners are studying the possibilities of expanding gas production at Norway's biggest field, Troll, after 2020.

BP Sanctions Atoll Phase One Project in Egypt
Monday, June 20, 2016 BP sanctions the development of the Atoll Phase One project in Egypt.

China's Hilong to Install Jackets for Indonesia's Madura MDA-MBH Project
Monday, June 20, 2016 China's Hilong Petroleum Offshore Engineering Co. secures a contract from PT Timas Suplindo to install jackets for the Husky-CNOOC Madura Ltd.'s Madura MDA-MBH project offshore Java, Indonesia.

Interfax: Indian Consortium to Pay $2.1B for Stake in Rosneft's Vankor
Friday, June 17, 2016 A consortium of Indian oil companies will pay just over $2 billion for a 23.9 percent stake in Russian oil producer Rosneft's Vankor oil field, Interfax news agency cited sources as saying.

Shell Sees Malikai Project in Malaysia as Boosting Deepwater Ambitions
Tuesday, June 14, 2016 Shell-operated Malikai deepwater project offshore Malaysia supports the company's aims of staying at the forefront of the global deepwater industry.

Petrofac Secures Contract from Bumi Armada for Olombendo FPSO
Monday, June 13, 2016 Petrofac secures a three year contract from Bumi Armada for the Olombendo floating production, storage and offloading unit, currently under conversion in Singapore.

Mexico's Pemex Approves Trion Field as First Farm Out
Friday, June 10, 2016 Mexican state oil company Pemex picks up the deep-water Trion field near the U.S. border as the first one it will farm out to other operators to help it develop untapped resources.

Chevron To Ramp Up Gas Production In China's Southwest Chuandongbei Project
Tuesday, June 07, 2016 Chevron's fully-owned subsidiary Unocal East China Sea will ramp up production in the Luojiazhai and Gunziping gas fields, its biggest investment in China, the firm says.

India, Iran Plan to Seal Deal to Develop Offshore Farzad B Field by October
Monday, June 06, 2016 India expects to finalize contract with Iran to develop the Farzad B gas field in the Persian Gulf by October.

Australia's UGL Faces More Provisions On Work For Ichthys LNG
Monday, June 06, 2016 Australian contractor UGL Ltd warns it may have to book a provision of up to $146 million for losses on its work for the Ichthys liquefied natural gas (LNG) project, knocking its shares down 35 percent.

AWE Upgrades 2P Reserves for WA's Waitsia Field by 93% to 344 Bcf
Friday, June 03, 2016 AWE upgrades proved and probable (2P) reserves for the Waitsia gas field located onshore Western Australia by 93 percent to 344 billion cubic feet.

Malaysia's THHE Not Given More Time from JX Nippon to Complete Layang FPSO
Wednesday, June 01, 2016 TH Heavy Engineering did not get more time from JX Nippon Oil & Gas to complete the floating production storage and offloading unit for Malaysia's offshore Layang field.

Reliance Said To Revive Offshore India Gas Project By End-2017
Friday, May 27, 2016 Reliance Industries is preparing to restart work in four offshore oil and gas blocks as it seeks to revive development activity stalled for seven years by disputes with the government, according to a people with knowledge of the plan.

APPEA Urges Australia's NT to Invest in Onshore Gas Projects, Create Jobs
Wednesday, May 25, 2016 The Australia Petroleum and Production Exploration Association urges Australia's Northern Territory to invest in onshore gas projects to create new jobs for the state economy.

Israel's Government Approves Leviathan Natural Gas Deal
Sunday, May 22, 2016 Israel approves a deal it hopes will fast-track development of the huge Leviathan offshore natural gas field and end years of regulatory uncertainty.

Woodside Reports Higher Contingent Resource from 2 Myanmar Discoveries
Friday, May 20, 2016 Woodside Petroleum reports an 83 million barrels of oil equivalent (MMboe) increase in contingent resource to 4,481 MMboe from its two recent discoveries offshore Myanmar.

Exxon Neftegas, Sakhalin Energy Discuss Buying Gas For Sakhalin-2
Wednesday, May 18, 2016 ExxonMobil's Russian affiliate Exxon Neftegas and Sakhalin Energy restart talks on buying gas from the Sakhalin-1 project for Sakhalin-2 expansion.

Norway Opens Arctic Oil Exploration in Russian Border Area
Wednesday, May 18, 2016 Norway awards licenses to 13 oil companies as it expands into an entirely new part of the Arctic Barents Sea to stimulate exploration at a time of low crude prices.

ERCE: Sea Lion Complex Could Hold 1.7B Barrels of Oil
Tuesday, May 17, 2016 The Sea Lion Complex in License PL032 in the Northern Falkland Basin has been independently estimated by ERC Equipoise Limited to hold 1.7 billion barrels of oil in place.

Planned Papua LNG Project May Create 10,000 Construction Jobs in 2018
Monday, May 16, 2016 Total is progressing work on the Papua LNG Project in PRL 15 in Papua New Guinea and construction is expected to commence in 2018, creating up to 10,000 jobs.

RH Petrogas Says 2P Reserves at Fuyu 1 PSC in China's Songliao Basin Up 28%
Thursday, May 12, 2016 RH Petrogas says an independent study reveals a 28 percent increase in proved and probable (2P) reserves for Fuyu 1 Block in Songliao Basin in China's Jilin province.

Indonesia's SKK Migas Approves 18 Oil, Gas Projects in January-April
Wednesday, May 11, 2016 Indonesia's upstream regulator SKK Migas approves development plans for oil and gas 18 projects in the first four months of 2016.

PETRONAS, PetroVietnam Extend PM3CAA PSC in Malaysia-Vietnam Waters to 2027
Tuesday, May 10, 2016 PETRONAS and PetroVietnam extend PM3CAA production sharing contract in the overlapping waters between Malaysia and Vietnam for 10 years to 2027.

Australia Junior 88 Energy Sets Sights on Alaskan Exploration Success
Tuesday, May 10, 2016 As exploration activity stalls in Australia following the downturn in the oil and gas market, junior company 88 Energy is finding benefits abroad in Alaska against the tide.

Africa Oil Corp: Kenya Resource Base Increases
Tuesday, May 10, 2016 Estimated gross 2C unrisked resources in Kenya's South Lokichar Basin increase by 24% to 766 million barrels of oil, according to an independent assessment by DMCL.

India to Launch Auction of 67 Small Oil, Gas Fields on May 25
Tuesday, May 10, 2016 India will launch an auction of 67 discovered small oil and gas fields on May 25, the country's upstream regulator Directorate General of Hydrocarbons (DGH) said on Tuesday.

Ireland On Course to Develop Hydrocarbons, Employment
Monday, May 09, 2016 Europa Oil & Gas and Providence Resources leaders discuss the future of offshore Ireland's hydrocarbon industry as new developments take shape in the country.

OTC 2016: Guyana's Investment Appeal Gets a Boost from Liza Oil Discovery
Thursday, May 05, 2016 Investment in Guyana's oil and gas sector gets a boost from the offshore Liza discovery.

OTC 2016: Cambodia Decision on First Oilfield Development by Year End
Monday, May 02, 2016 Cambodia expects a decision to develop the country's first oilfield at Block A by year end, a senior government official says.

OTC 2016: Efficient Application Key for Subsea Separation Future
Monday, May 02, 2016 The obstacles facing adoption of subsea separation technology have been overcome. Now, industry must focus on efficient application of existing technologies.

Karoon Says PEPC's Restructuring Not Likely to Impact Brazil Work Program
Thursday, April 28, 2016 Karoon Gas Australia expects no impact on the work program for its Santos Basin blocks off Brazil despite partner Pacific Exploration and Production Corp.'s ongoing restructuring.


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