News Topics: Field Development
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American Energy Affiliate Ups Activity in Permian Basin
Friday, October 31, 2014 American Energy-Permian Basin buys shale oil assets in the Permian Basin for $725 million.
AWE, Santos Progress Development of Indonesia's Ande Ande Lumut Project
Thursday, October 30, 2014 AWE and Santos progress development work for the Ande Ande Lumut oil project offshore Indonesia.
MOL Gets Approval for Akri-Bijeel Block Development Plan
Thursday, October 30, 2014 The Kurdistan Regional Government in Iraq approves a major new oilfield development that is majority-owned by Hungary's MOL.
Madagascar Oil Submits Tsimiroro Oil Field Development Plan for Approval
Wednesday, October 29, 2014 Madagascar Oil submits the Tsimiroro development plan in Madagascar for approval by the authorities.
Hess To Proceed With $6B US Oil Project Despite Price Dip
Wednesday, October 29, 2014 Hess says it would proceed with the development of the $6B Stampede project in the US Gulf of Mexico, one of the biggest energy investments announced during the current oil price slump.
Bakken Production Surge Boosts Hess Quarterly Profit
Wednesday, October 29, 2014 Hess posts a better-than-expected quarterly profit as production jumped and costs fell in North Dakota's booming Bakken shale formation.
Technip Bags Subsea Deal from Chevron for Indonesia's Bangka Development
Wednesday, October 29, 2014 Technip bags a subsea contract, worth $127.5-$318.6 million, from Chevron for the Bangka development in the Rapak production sharing contract offshore East Kalimantan, Indonesia.
Indonesia Says Chevron Gas Project Set Back by Up to 2 Years
Wednesday, October 29, 2014 The target for full operation of the Indonesia Deepwater Development gas project has been delayed by up to two years to around 2020, a senior official says, reducing the country's prospects of remaining a major gas exporter.
Whiting Profit Beats Street As North Dakota Output Jumps
Wednesday, October 29, 2014 Whiting Petroleum posts a higher-than-expected quarterly profit as production rises 33% at its North Dakota wells.
First Oil from Manora Development in Gulf of Thailand Set for Mid-November
Tuesday, October 28, 2014 First oil from the Manora development in the northern Gulf of Thailand is expected by mid-November as platform commissioning gets underway, while hook-up and commissioning near completion.
EnQuest Awards Technip Kraken Contract
Tuesday, October 28, 2014 Technip is selected for an EPCI contract for the Kraken development by EnQuest.
Saipem Wins Engineering, Drilling Deals Worth $2 Billion
Monday, October 27, 2014 Saipem says it won around $2 billion worth of engineering, construction and drilling contracts in the Middle East and Latin America.
Continental Confirms Productivity of Springer Play
Friday, October 24, 2014 Continental confirms potential of its Springer play with results from individual delineation wells.
Husky Energy Profit Rises 11.5% On Increased Production
Thursday, October 23, 2014 Husky reports an 11.5% rise in quarterly profit, helped by a 10% increase in production.
Official: Kazakh Oil Output To Rise With Kashagan After 2020
Wednesday, October 22, 2014 Kazakhstan expects annual oil output to reach as high as 100 million tonnes after 2020 when the giant Kashagan oilfield resumes pumping.
Russia's Lukoil Says West Qurna-2 Pumps Over 320,000 Bpd
Wednesday, October 22, 2014 Lukoil says it is producing more than 320,000 barrels per day at its Iraqi West Qurna-2 field.
McDermott Lands T&I Contract for Bukit Tua Project Offshore East Java
Tuesday, October 21, 2014 McDermott lands a transportation, installation and pre-commissioning contract from a Petronas unit for the offshore Bukit Tua project in Ketapang block, East Java, Indonesia.
Minister: Norway Oil Projects Face Delays over Costs
Tuesday, October 21, 2014 Several Norwegian oil and gas projects with development plans due in 2015 will be delayed because of high costs and technological challenges, says oil minister Tord Lien.
LDD Wraps Up Foundation Installation Gig Offshore Gabon
Monday, October 20, 2014 LDD, an Acteon company, finishes a specialist foundation installation for the Etame Marin block field expansion project, offshore Gabon, West Africa.
Jurong Shipyard Bags MODEC's FPSO Contract for Ghana's TEN Development
Monday, October 20, 2014 Jurong Shipyard bags a contract from MODEC for a floating production, storage and offloading conversion project for the Tullow Oil-operated TEN development project offshore Ghana.
Rosneft Says Projects Economically Viable Even If Oil Price Slips Further
Friday, October 17, 2014 Rosneft says the recent fall in oil prices is not critical for the company and it sees "no reason for concern".
China's NDRC Approves RH Petrogas' Oil Development Plan for Fuyu Block
Friday, October 17, 2014 The National Development and Reform Commission approves RH Petrogas's plan to develop Fuyu 1 Block in Songliao Basin, Jilin province, China.
EMAS AMC Completes T&I Work on Gabon's Etame Marin Field Expansion
Thursday, October 16, 2014 EMAS AMC completes a $120 million transportation and installation contract for VAALCO's Etame Marin field expansion project offshore Gabon.
Expro Bags $50M Contract for Ichthys LNG Project Off Western Australia
Thursday, October 16, 2014 Expro bags a $50 million contract to supply well testing package and ancilliary services for the Ichthys liquefied natural gas project off Western Australia.
Woodside Posts 46.4% Increase in Sales Revenue to $1.95B for 3Q 2014
Thursday, October 16, 2014 Woodside posts 46.4% increase in sales revenue to $1.95 billion for the third quarter of this year.
Bumi Armada, HMCL Extend Period to Execute Madura BD FPSO Contract
Wednesday, October 15, 2014 Bumi Armada and Husky-CNOOC Madura Limited extend the period for executing the floating production, storage and offloading contract for the Madura BD field offshore Indonesia.
Flaring Rule Changes Limit North Dakota Oil Production Growth
Wednesday, October 15, 2014 North Dakota's oil production rose less than expected in August due to stringent flaring-reduction standards and sliding oil prices.
UK's Cygnus Project to Support 4,800 Skilled Jobs during Build Phase
Wednesday, October 15, 2014 The Cygnus gas project in the UK zone of the southern North Sea will support more than 4,820 skilled jobs during its 5-year construction phase.
Chevron: Oil Slide Puts Venezuela Projects Under Pressure
Wednesday, October 15, 2014 The recent slide in global oil prices puts projects under heavy pressure, executives at two major production companies told an industry conference in Venezuela.
AGC Meisei JV Secures $171M Subcontract from JKC for Ichthys LNG Project
Monday, October 13, 2014 AGC Meisei Joint Venture secures $171.2 million subcontract from JKC for onshore facilities of the Inpex-operated Ichthys gas project near Darwin in Australia's Northern Territory.
Kontan: Chevron Reschedules $12B Deepwater Gas Project
Monday, October 13, 2014 Chevron's Indonesian unit submits a letter saying it would temporarily delay its $12 billion deepwater gas development project in Makassar Strait, East Kalimantan, an Indonesian energy and mineral resources ministry official says.
Sound Oil Signs Gas Sales Agreements
Monday, October 13, 2014 Italy-focused Sound Oil signs gas sales agreements for two fields, and agrees a deal to purchase land for its Badile exploration well.
100M Barrels Produced from Varg Field
Monday, October 13, 2014 The Varg field, offshore Norway, produces its one hundredth million barrel.
EMAS AMC Inks $300M Subsea Tie-back Deals with Noble Energy for GOM Work
Friday, October 10, 2014 Ezra's subsea unit EMAS AMC inks three contracts, worth $300 million, with Noble Energy for subsea tie-back projects in the Gulf of Mexico.
New Pipelines To Cost Kashagan Oil Project Up To $3.6B
Friday, October 10, 2014 Kashagan will have to spend another up to $3.6B to replace leaking oil and gas pipelines, which also could delay the restart of production, the Kazakh energy ministry said.
Petrobras Inks LOI with Odebrecht-Teekay to Charter FPSO for Libra Project
Friday, October 10, 2014 Petrobras inks a letter of intent with Odebrecht-Teekay for the charter of a floating production, storage and offloading-type platform for the Libra project in Santos Basin, offshore Brazil.
North Sea Phoenix Discovery Contains 16M Barrels
Thursday, October 09, 2014 Enegi Oil reports that the Phoenix discovery in the central North Sea contains at least 16 million barrels, according to new information.
Russia's Lukoil Launches Siberian Oilfield As Sanctions Bite
Wednesday, October 08, 2014 Lukoil launches an oilfield in western Siberia ahead of schedule, a major step in its drive to prop up falling production and to weather US sanctions over Ukraine.
Petronas Upbeat on BC Government's Stance on Pacific Northwest LNG Project
Wednesday, October 08, 2014 Petronas is encouraged by the commitment of the British Columbia government regarding the Pacific Northwest LNG project in Canada.
Oil Recovery Startup Gets Going With $700M Blackstone Investment
Wednesday, October 08, 2014 Windy Cove says it received a $700 million equity investment from Blackstone Group, funds the company will use to buy mature oilfields that it will flood with carbon dioxide to free trapped oil and gas.
Kazakhstan Gives Go-Ahead To Chevron-Led Oil Expansion Despite Costs
Tuesday, October 07, 2014 Kazakhstan has backed an expansion project to boost output of Tengizchevroil despite higher than originally estimated costs, Kazakh Energy Minister Vladimir Shkolnik says.
Mubadala Progresses Drilling at Thailand's Manora Oil Project
Friday, October 03, 2014 Mubadala Petroleum spuds two wells at the Manora oil development in the Gulf of Thailand ahead of first oil planned for later this month.
Saipem Bags $750M EPCI Contract from Pemex for the Lakach Field in GOM
Friday, October 03, 2014 Saipem bags a $750 million engineering, procurement, construction and installation contract from Pemex for development of the Lakach field in the Gulf of Mexico.
KrisEnergy Formally Takes Over as Operator of Cambodia's Offshore Block A
Thursday, October 02, 2014 KrisEnergy receives official approval to take over as operator of offshore Block A in Cambodia and plans to submit a revised development plan soon.
Foreign-Owned Projects Boost Russian Oil Output in Sept
Thursday, October 02, 2014 Foreign-led projects lifted Russian oil output last month to within reach of a post-Soviet record, showing the potential in the country's existing fields, which are largely unaffected by Western sanctions over Ukraine.
Stalled Kashagan Hampers Kazakhstan's Oil Output Growth
Wednesday, October 01, 2014 Kazakhstan expects its oil production to stay around 2013 levels until 2016, when it hopes to restart the giant Kashagan oilfield halted by an industrial accident, a senior Kazakh official says.
Noble 'Excited' Over Falklands Drilling Despite Scotia
Wednesday, October 01, 2014 Despite its declaration of the Scotia well to be non-commercial, Noble Energy is excited about its upcoming exploration plans offshore the Falkland Islands.
Maintenance At Shell North Sea Oil Rig To Resume After Accident
Tuesday, September 30, 2014 Maintenance at the Brent Alpha platform in the North Sea will resume after the completion of an operation to move a container that fell into the sea on Sunday evening, Shell says.
Israel's Leviathan Gas Field Group Submits $6.5B Development Plan
Tuesday, September 30, 2014 The partners in Leviathan, Israel's largest natural gas field, submit their initial development plan to Israeli authorities.
Nexen: UK's Buzzard Oil Field Back Online, Ramping Up Over Coming Days
Monday, September 29, 2014 Britain's Buzzard oil field in the North Sea is back online and will continue to ramp up production over coming days, a spokeswoman for Nexen says.
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