News Topics: Field Development

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Chevron Suspends Production At Gorgon Train Two LNG Project
Friday, February 24, 2017 Chevron temporarily suspends production of liquefied natural gas (LNG) at its Gorgon Train Two production line in Australia.

India's Top Oil Explorer To Invest $1.1B To Boost Output
Thursday, February 23, 2017 Oil and Natural Gas Corp., India's top oil and gas explorer, will invest 73.37 billion rupees ($1.10 billion) in five fields.

NPD: Total Proven, Unproven Resources on NCS Equals 14.3 Bcm
Tuesday, February 21, 2017 Total proven and unproven petroleum resources on the Norwegian continental shelf equate to 14.3 billion standard cubic meters of oil equivalents, the NPD says.

Lekoil Aims to Ramp Up Otakikpo Output to 10,000 BOPD by 2Q
Monday, February 20, 2017 Africa-focused oil and gas company Lekoil aims to ramp up production from the Otakikpo Marginal Field, located in Nigeria's OML 11, to 10,000 barrels of oil per day by the end of 2Q.

Wintershall Selects Skarfjell Field Development Solution
Wednesday, February 15, 2017 Wintershall Norge - and its license partners Capricorn Norge AS, Bayerngas Norge AS, Edison Norge AS and DEA Norge AS - have selected a development solution for the Skarfjell field in the North Sea.

Libya Sees Crude Output Rising on Better Big Oil Work Conditions
Wednesday, February 15, 2017 Libya's crude production exceeded 700,000 barrels a day and is due to keep rising as working conditions in the conflict-ridden country improve for international companies.

Siberian Oil Giant That Bankrolled USSR May Gush Cash Again
Wednesday, February 15, 2017 Russia's largest oil field could be on the verge of gushing profits again for Rosneft PJSC.

Sri Lanka Launches Tender To Develop Natural Gas Site In Mannar Basin
Monday, February 13, 2017 Sri Lanka launches a tender to develop a gas block in the Mannar Basin off its northwest coast, vacated when Cairn India pulled out of an exploration project in 2015 as oil prices plunged.

Russia's Novak To Meet Venezuelan Ministers
Monday, February 06, 2017 Russian Energy Minister Alexander Novak will meet Venezuela's oil and foreign ministers in Moscow on Monday, RIA news agency cited the Russian energy ministry as saying.

BP Production to Grow with Thunder Horse South Expansion
Monday, January 23, 2017 The start of the Thunder Horse South expansion shows that deepwater projects can be executed in a cost-effective way, BP officials say.

Statoil Tests Methane Emissions Technology in Eagle Ford
Thursday, January 19, 2017 Statoil is conducting field tests of an IoT methane emissions technology.

Ithaca Energy: Stella Production Start-up Delayed
Thursday, January 12, 2017 Ithaca Energy Inc. reveals that the start-up of the Stella field, located in the central North Sea, has been pushed back to February.

Southern Iraq Gas Output Reaches 700MM Cubic Feet Per Day
Thursday, January 12, 2017 Gas production in southern Iraq has reached 700 million cubic feet per day, and is expected to reach 1 billion cubic feet per day by the end of the year.

Energean Expects To Spend Up To $1.5B On Israeli Offshore Gas Project
Wednesday, January 11, 2017 Energean Oil & Gas plans to build its own production system in the eastern Mediterranean at a cost of up to $1.5 billion to tap 2 Israeli offshore gas fields.

Total's Uganda Expansion 'Significantly De-risks' Project Sanction
Tuesday, January 10, 2017 Total's decision to increase its stake in Uganda's Lake Albert oil development significantly de-risks the project's sanctioning, analysts at investment bank Jefferies said.

Valhall, Hod Assets Offshore Norway Produce 1B Barrels
Thursday, January 05, 2017 The Valhall and Hod assets, located in the Norwegian sector of the North Sea, have produced over 1 billion barrels of oil equivalents, according to a statement from Aker BP.

Samsung Wins Mad Dog 2 Fabrication Contract
Thursday, January 05, 2017 Samsung wins contract for BP's Mad Dog 2 platform engineering and procurement work.

Iraq Begins Reducing Oil Output In Keeping With OPEC Decision
Thursday, January 05, 2017 Iraq begins implementing measures to reduce national oil output, keeping with an OPEC decision.

Japan's Inpex In Running To Develop Major Iran Oilfield
Wednesday, January 04, 2017 Inpex Corp is in the running to develop a major oilfield in Iran, Kyodo News reported on Wednesday, as Tehran looks to aggressively ramp up crude output following the lifting of sanctions.

Cobalt Encouraged by North Platte Appraisal Results
Wednesday, January 04, 2017 Cobalt is encouraged by the preliminary results of its North Platte No. 4 appraisal well in the U.S. Gulf of Mexico.

Maersk Oil Confirms Plan To Shut Tyra Field In 2018
Friday, December 30, 2016 Maersk Oil confirmed in a statement that it plans to stop production at its Tyra gas field.

San Leon 'Encouraged' by Performance from its OML 18 Field in Nigeria
Friday, December 30, 2016 Junior producer San Leon Energy reports increased production from its OML 18 field in Nigeria.

China's Top Oilfield to Cut CAPEX by 20% in 2017
Thursday, December 29, 2016 China's largest oilfield, Daqing, will slash capital spending in 2017 by 20% compared to the previous year.


 
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