News Topics: Field Development
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BP's Investment in Iraq to Reach $5B by 2016
Wednesday, May 22, 2013 BP plans to increase the production capacity at the Rumaila oilfield by 750,000 barrels per day and aims to increase its spending in the country to $5 billion a year, a senior exec. says.
HRT Expects to Start Drilling Second Namibia Well in Two Weeks
Wednesday, May 22, 2013 HRT expects to start drilling on its second well offshore Namibia in two weeks, Chief Executive Milton Franke says.
Natural Gas Flows at Noble's Karish Discovery Offshore Israel
Wednesday, May 22, 2013 Noble Energy finds 1.8 Tcf of gross mean reserves of natural gas near the Tamar field.
Det norske Starts Production at Jette
Tuesday, May 21, 2013 Det norske oljeselskap reports its first production as an operator after the start up of its Jette field in the North Sea.
Noble Energy Sings Praises for Carla Well
Tuesday, May 21, 2013 Noble and partners sidetrack the Carla discovery in Block I offshore Equatorial Guinea.
Pan Orient Notes Production Testing Progress at L53 Appraisal
Tuesday, May 21, 2013 Pan Orient Energy Corp. announced that the L53-DC3 appraisal well is currently on a 90 day production test producing 15 degree API oil.
Talisman Brings HST, HSD Development Online
Monday, May 20, 2013 Eighteen months after receiving project sanction, Talisman Energy brings the HST, HSD project online.
Jubilant Spuds 4th Well at Kharsang
Monday, May 20, 2013 Jubilant Energy spuds fourth well in its drilling campaign to extend the Kharsang field, onshore India, and reports the successful testing for oil at the campaign's second well.
Kosmos Wraps Up Ndian River Block Campaign
Monday, May 20, 2013 Kosmos Energy Ltd. announces results from the Sipo-1 exploration well onshore Cameroon.
Oceaneering Bags Saipem Gig Offshore Egypt
Monday, May 20, 2013 Oceaneering International secures a contract from Saipem to supply umbilicals for the Burullus West Delta Deep Marine Phase IXa development.
OMV Petrom to Redevelop Oprisenesti Field
Friday, May 17, 2013 Romania’s OMV Petrom plans to invest $116 million this year to redevelop Oprisenesti oil field.
Rig Released for Nervesa Drill
Friday, May 17, 2013 Sound Oil reports that the rig it will use on its Nervesa asset, onshore Italy, has been released from operations in the Netherlands.
Total Production to Increase 3% PA to 2015
Friday, May 17, 2013 Total Chief Executive confirms a production growth target of 3 percent a year between 2011 and 2015.
ExxonMobil Taps FMC for Julia Equipment
Thursday, May 16, 2013 FMC will supply subsea equipment for deployment to the Julia field in the Gulf of Mexico.
ConocoPhillips Awards FMC with Bayu Undan Phase III Contract
Wednesday, May 15, 2013 FMC is contracted to supply subsea equipment for the Bayu Undan gas and condensate field in the Timor Sea.
HRT Plans New Exploration, Production Wells at Polvo Field
Wednesday, May 15, 2013 HRT plans a new exploration campaign at the offshore Polvo heavy oil field the company acquired earlier this month, Chief Executive Milton Franke says.
Baghdad Blasts Turkey/Kurdistan Deal
Wednesday, May 15, 2013 Iraq's government criticizes a deal between Turkey and the Kurdistan region of Iraq to develop oil projects.
Cal Dive Makes a Big Splash with Pemex Contract
Wednesday, May 15, 2013 Pemex awards Cal Dive with two additional contracts for work in the Bay of Campeche.
EnQuest on Track for Kraken Go-Ahead
Wednesday, May 15, 2013 UK independent EnQuest is on course to submit a field development plan for its Kraken development in the UK North Sea.
Ruspetro Reports Progress with Appraisal Drilling
Wednesday, May 15, 2013 West Siberia-focused Ruspetro makes progress with it appraisal drilling at its field in the Khanty-Mansiysk region, onshore Russia.
Premier Reaches Out to Xodus for Catcher FEED Study
Wednesday, May 15, 2013 Xodus Group has secured a contract to deliver the subsea FEED study for the Premier Oil Catcher project in the Central North Sea.
BG Group Seeks More Active Portfolio Management Strategy
Tuesday, May 14, 2013 BG Group plans to take a more-active approach to managing its portfolio of assets as it estimates group production of up to 660,000 boepd for 2013.
Second DST Test Successfully Completes Lengo Appraisal
Tuesday, May 14, 2013 KrisEnergy and AWE continue to drill the Lengo-2 appraisal well which may prove to be a commercial success.
OMV Improves 1Q Production
Tuesday, May 14, 2013 OMV improves production for the first quarter. The firm expects production for the whole of 2013 to be broadly similar as 2012.
Dejour Energy Reaches TD at Kokopelli Well
Monday, May 13, 2013 Dejour Energy reaches total depth of 8130 feet in the Federal 6-7-15-21, the fourth and final well in the current Kokopelli drill program.
Centrica Reports Good Performance from Upstream Activities
Monday, May 13, 2013 Centrica expects to produce 75 million barrels of oil equivalent during 2013 compared with 67 MMboe in 2012.
Tullow Oil Spuds Kenya Well
Monday, May 13, 2013 Tullow Oil, the operator of Block 10BB in Kenya, commences drilling at the Etuko (formerly Kamba) prospect.
Eni Sees Kashagan to Produce 75,000 bopd First Month
Friday, May 10, 2013 Eni expects the much-delayed Kashagan field in Kazakstan to start producing before October.
Offshore Canada Contract for Aker
Friday, May 10, 2013 Aker Solutions wins $150 million contract with Husky Energy to support the White Rose field, offshore Canada.
ONGC Hopeful of Concluding Stake Buy in Kazakh Oil Field
Friday, May 10, 2013 ONGC hopes to complete its $5.5B deal to buy a minority stake in an oil field in Kazakhstan from ConocoPhillips, and plans to raise $4 billion in foreign debt to part fund the acquisition.
Houston American Energy Updates Test Results from La. Well
Friday, May 10, 2013 Pennington successfully carries out a recompletion of the Crown Paper #1 well.
Karoon Gas Increases Size of Oil Discovery Offshore Brazil
Thursday, May 09, 2013 Karoon Gas boosts size estimate of its Bilby-1 oil discovery off the coast of Brazil, increasing the likelihood of a commercial development.
Myanmar to Boost Local Firms Involvement in Oil, Gas
Thursday, May 09, 2013 Myanmar deputy minister says he wants to see more participation of local firms in the country's oil and gas sector, but they are not yet well developed enough to play a big role.
Repsol Profit Up 38% on Higher Output, Refining Margins
Thursday, May 09, 2013 Repsol says its first-quarter profit rose 38% on the year, mainly due to higher production and refining margins.
Apache: Initial Production Rates Climb 70% at Tonkawa
Wednesday, May 08, 2013 Apache announces updated well results from drilling in the Tonkawa and Granite Wash formations of the Texas Panhandle and Western Oklahoma.
Shell Spuds Third Well in French Guiana Program
Wednesday, May 08, 2013 Northern Petroleum announces that GM-ES-4, the third well of the current four well exploration program in the Guyane Maritime Permit (French Guiana) has been spud by Shell.
Shell to Construct FPSO Vessel, Subsea Infrastructure at Stones Project
Wednesday, May 08, 2013 Shell says it will construct an FPSO vessel and subsea infrastructure at the Stones ultra-deepwater project in the Gulf of Mexico.
Technip Scores Subsea Tieback Work for South White Rose
Wednesday, May 08, 2013 Technip was awarded by Husky Oil Operations two contracts for the planned subsea tieback of the South White Rose Extension field.
Algeria's El Merk Complex Starts Oil Production After Security Boost
Tuesday, May 07, 2013 El Merk oil complex in Algeria's Sahara, in a rare piece of positive news for the country's hydrocarbons sector after a January terrorist attack.
Balltec Clinches Tubular Bells Gig
Tuesday, May 07, 2013 Balltec Ltd has been contracted by Houston Offshore to supply and install 10 off MoorLOK subsea mooring connectors for the Tubular Bells project.
ExxonMobil, Statoil to Begin Developing Julia Oil Field in Gulf of Mexico
Tuesday, May 07, 2013 ExxonMobil and Statoil agree to begin jointly developing the Julia oil field, estimated to hold nearly six billion barrels of resources, in the Gulf of Mexico.
Brazil OGX's April Oil Output Plummets as Well Repairs Continue
Tuesday, May 07, 2013 OGX says that crude oil production plunged in April as the company continues to repair equipment at the Tubarao Azul offshore oil field.
Shell Awards Wood Group-CCC Majnoon Oil Field Contract
Tuesday, May 07, 2013 Shell awards Wood Group PSN and Consolidated Contractors Company, or CCC, a commissioning services contract, Wood Group said in a statement.
Sound Expects to Spud Nervesa by End May
Tuesday, May 07, 2013 Sound Oil says it expects to spud its Nervesa appraisal well, onshore Italy, by the end of May now that the rig has become available.
TAG Oil Drills Ahead at New Zealand Well
Tuesday, May 07, 2013 TAG Oil Ltd. reported that drilling of TAG's 100 percent-controlled Ngapaeruru-1 exploration well is drilling ahead, and has encountered elevated mud gas readings.
Modularization: The Key to Future LNG Developments
Tuesday, May 07, 2013 Woodside's head of technology says modularization and disruptive technologies will be key in reducing the costs of its future LNG developments.
Chevron's Frade Output to Remain Limited Until Analysis
Monday, May 06, 2013 Activity and production at the Frade field will be limited until the company and regulators gain a complete understanding of the second of two subsea spills that took place there, Brazil's oil regulator says.
Brazil's HRT Buys 60% Stake in Offshore Polvo Oil Field from BP
Monday, May 06, 2013 HRT says it will acquire a 60% stake in the offshore Polvo heavy oil field from the local unit of BP for $135 million.
Statoil: Proposed Tax Change Threat to Projects
Monday, May 06, 2013 Statoil warns proposed change to tax breaks threatens the attractiveness of future projects on the Norwegian Continental Shelf.
Karoon Finds Oil Offshore Brazil, Shares Jump
Sunday, May 05, 2013 Karoon Gas makes its second significant oil discovery offshore Brazil, sending its shares soaring as much as 28% and increasing the possibility of finding another partner to share development costs.
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