News Topics: Field Development
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Nexen Eyes Restart of North Sea Buzzard Oilfield on Tuesday
Tuesday, September 02, 2014 Nexen is looking to restart the North Sea's Buzzard oilfield later on Tuesday, according to trading sources.
ONGC to Invest $863M on Daman Development Project in Arabian Sea
Monday, September 01, 2014 Oil and Natural Gas Corporation will invest $863.2 million on the Daman Development project to boost gas and condensate production at Tapti Daman block in the Arabian Sea.
Sino G&E Secures $50M Debt Facility for its Ordos Basin Gas Projects
Monday, September 01, 2014 Sino Gas & Energy secures $50 million debt facility from Macquarie Bank to fund its Ordos Basin gas projects in China's Shanxi province.
Sources: UK North Sea Buzzard Oilfield Shuts Again
Monday, September 01, 2014 The UK's Buzzard oilfield stops production again after returning from maintenance last week.
Enegi Mulls Newfoundland Divestment, Increased Stake in ABT
Friday, August 29, 2014 Enegi Oil is considering divesting itself of its assets in western Newfoundland, while upping its stake in ABT Oil & Gas, but the FDP for the Fyne field will not be submitted on time.
Ruspetro Plans a Second Horizontal Well This Year
Friday, August 29, 2014 Ruspetro says it is planning to spud and drill another horizontal well from Pad 23b by the end of the year.
Laggan-Tormore Gas Field Stakeholder Expects Delay To Start Date
Thursday, August 28, 2014 The UK's Laggan-Tormore gas condensate fields in the North Sea will start production next year.
Germany's Energy Transition Dream at Risk of Becoming Nightmare
Wednesday, August 27, 2014 Germany's "Energiewende" (or Energy Transition) dream of pursuing an economy powered by renewables is in danger of turning into a nightmare, says Wintershall exploration and production director.
Nido Updates on Reserves, Activities at Galoc Oil Field Off the Philippines
Wednesday, August 27, 2014 Nido Petroleum updates on reserves and activities at Galoc oil field in Service Contract 14 C1 offshore the Philippines.
UK Buzzard Oilfield to Resume Oil Exports Thursday
Wednesday, August 27, 2014 The North Sea's Buzzard oilfield is due to resume exports Thursday after a shutdown earlier this week.
Nexen Says North Sea Buzzard Oilfield Shut Again After Restart
Tuesday, August 26, 2014 Output from Britain's Buzzard oilfield has been stopped again after restarting over the long weekend, its operator Nexen says.
Wood Mac: 10B Barrels of Undeveloped Resources on NCS
Tuesday, August 26, 2014 Research firm Wood Mackenzie says there are 10 billion barrels of hydrocarbons on the Norwegian Continental Shelf, of which 60% could be commercialized.
Statoil at ONS: Aasta Hansteen Remains On Track for 3Q 2017
Tuesday, August 26, 2014 Statoil is currently employing 200 people in northern Norway to work on its Aasta Hansteen gas field development, where drilling is set to start in 2016.
Discoveries, Acquisitions Boost Pacific Rubiales Oil Resources 45%
Monday, August 25, 2014 Pacific Rubiales says its oil resources estimate from exploration blocks had risen 45% to 6.2 billion barrels of oil equivalent by the end of March versus its 2012 estimate.
Wood Mac: Norwegian Incremental Projects Growing in Importance
Monday, August 25, 2014 Wood Mackenzie shows that favorable project economics compared to greenfield developments are driving incremental projects in Norway's upstream sector.
Rosneft Signs Collaboration Deal with Seadrill, NADL
Friday, August 22, 2014 Rosneft signs a framework agreement with Seadrill and North Atlantic Drilling that will see the companies collaborate on oilfield projects.
UK Oil Output Threatened By Platforms Running Out Of Juice
Friday, August 22, 2014 The UK's oil industry is facing the threat of a cascade of North Sea rig closures.
Leni Drills 5th Well in Trinidad Development Campaign
Thursday, August 21, 2014 Leni Gas & Oil drills the fifth well in its 30-well development campaign at the Goudron field, onshore Trinidad.
Bumi Armada Bags $1.18B FPSO Deal for Madura BD Field Offshore Indonesia
Wednesday, August 20, 2014 Bumi Armada bags $1.18 billion contract from Husky-CNOOC Madura Limited to supply a floating production, storage and offloading vessel for the Madura BD field offshore Madura Island, Indonesia.
PetroNeft Restarts Drilling Operation in Tomsk Region of Russia
Tuesday, August 19, 2014 PetroNeft says it is restarting drilling operations on Licence 61 in the Tomsk Oblast region of Russia.
Lukoil Ships First Oil from West Qurna-2
Tuesday, August 19, 2014 Russia's Lukoil ships its first batch of oil from its West Qurna-2 project in Iraq.
Cairn Energy Says Funded Through to Forecast Free Cash Flow in 2017
Tuesday, August 19, 2014 UK-based oil explorer Cairn Energy believes it has enough funds to finance its exploration and development plans until profit in three years' time.
Iraqi Kurdistan's Largest-Producing Oilfield Working To Boost Output
Friday, August 15, 2014 Oil production at Iraqi Kurdistan's largest-producing oilfield is set to rise to as much as 14,000 barrels per day by the end of the month.
3Legs Starts Flow Test at Polish Well
Friday, August 15, 2014 3Legs Resources begins a long-term flow test on its Lublewo L LEP-1ST1H lateral well following a multi-stage frack.
INTECSEA Clinches Subsea FEED Deal for Culzean Project in North Sea
Wednesday, August 13, 2014 INTECSEA clinches the subsea front-end engineering and design contract for Maersk Oil UK's Culzean project in the North Sea.
EIA Sees US 2014 Natgas Output Up 5.3% From 2013's Record
Tuesday, August 12, 2014 The EIA raises its estimate for US natural gas production in 2014 to 5.3% over 2013's record high levels.
Canadian Natural Resources Lowers 2014 Oil Production Guidance
Thursday, August 07, 2014 Canadian Natural Resources lowers its 2014 oil production guidance as a result of issues at its Kirby South and Primrose oil sands projects in northern Alberta.
Devon Energy 2Q Profit Slips; Output Lower
Wednesday, August 06, 2014 Devon Energy reports a 1% decrease in quarterly profit, matching Wall Street expectations, as asset sales dented oil and gas production.
PTTEP Commences Gas Exports from Myanmar's Zawtika Project to Thailand
Wednesday, August 06, 2014 PTTEP commences gas exports from the Zawtika project in Myanmar's Gulf of Martaban to Thailand.
Shell Starts Up Oil Production at Bonga North West
Wednesday, August 06, 2014 Shell's Nigerian subsidiary starts up oil production from the first well at the Bonga North West deep-water development offshore Nigeria.
Bakken, Three Forks Boost North Dakota Oil Production to New Record
Tuesday, August 05, 2014 North Dakota sees record crude oil production in April and May thanks to the Bakken and Three Forks formations.
Inpex Completes Dredging for Shipping, Gas Pipeline for Ichthys LNG Project
Monday, August 04, 2014 Inpex completes dredging for shipping, gas export pipeline in Darwin, Australia as part of the Ichthys gas project.
Leni Drills 'Best Well So Far' on its Goudron Field
Monday, August 04, 2014 Leni Gas & Oil says electric logs taken at its GY-667 well, onshore Trinidad, contains 219 feet of net oil pay in the Gros Morne Sandstone.
Max Raises Development Funds from Kazakhstan's Assaubayev Family
Monday, August 04, 2014 Max Petroleum raises $63 million needed to fund its development and exploration work in Kazakhstan.
Hungary's MOL Holds to Production Forecast after Quarterly Downturn
Friday, August 01, 2014 Hungary's MOL expects to meet its forecasts of rising crude output through to 2018.
Apache To Quit Gas Projects In Australia And Canada
Thursday, July 31, 2014 Apache says it plans to sell interests in two LNG projects as it sharpens the focus on developing North American shale fields.
ConocoPhillips Profit Slightly Higher; Output Rises
Thursday, July 31, 2014 ConocoPhillips reported a quarterly profit that just beat Wall Street expectations, helped by a bigger-than-expected increase in oil and gas production.
President Takes 100% Ownership of Puesto Guardian Fields
Wednesday, July 30, 2014 President Energy agrees to pay $6.9 million for the 50% stake in Argentina's Puesto Guardian concession that it does not already own.
Gas2Grid Seeks Farminee to Fund Malolos Oil Field Appraisal, Development
Wednesday, July 30, 2014 Gas2Grid seeks a farminee to fund field appraisal and development of the Malolos oil field in Service Contract 44 in Cebu, the Philippines.
BAM Clough JV Completes Design, Construction Contract for Ichthys Project
Wednesday, July 30, 2014 BAM Clough Joint Venture completes the design and construction contract of a module offloading facility for the Ichthys liquefied natural gas project near Darwin, Northern Territory, Australia.
Whiting Petroleum Profit Beats As Bakken Production Surges
Wednesday, July 30, 2014 Whiting Petroleum posts a better-than-expected quarterly profit as oil and natural gas production jumped across the company's wells in North Dakota and Colorado's shale formations.
Anadarko Profit Drops Less Than Expected On US Shale Output
Tuesday, July 29, 2014 Anadarko's 2Q profit fell less than expected as oil and natural gas production jumped in the Marcellus and Wattenburg shale regions, as well as Algeria.
Statoil Installs Valemon Topsides
Tuesday, July 29, 2014 Statoil installs the topsides for the Valemon field in the Norwegian North Sea.
Brazil Regulator Approves Petrobras Plan to Upgrade Marlim Field
Friday, July 25, 2014 Brazil's oil regulator ANP approves a plan by Petrobras to renew its development plan for the Marlim offshore oil field, one of the country's largest.
Exillon Production Slows Further in June
Friday, July 25, 2014 Exillon Energy sees slight improvement in its Timan-Pechora production in June, although fall in Western Siberia output means total average daily output fell.
Husky Updates on Field Developments in China, Indonesia
Friday, July 25, 2014 Husky Energy updates on field developments at its offshore projects in China and Indonesia.
OPSB Secures Financing to Develop the Ophir Oil Project Offshore Terengganu
Thursday, July 24, 2014 Octanex annouces that the joint venture developing the Ophir field offshore Terengganu, Malaysia has secured financing for the project.
Noble Energy's Profit Beats As Output From US Fields Rises
Thursday, July 24, 2014 Noble Energy reports better-than-expected profit for 2Q thanks to a rise in production from wells in the Marcellus shale and the Denver-Julesburg basin.
Husky Energy Profit Rises As Production Increases
Thursday, July 24, 2014 Husky Energy reports a 4% increase in second-quarter earnings, helped by an 8% rise in production.
Encana Oil Production Rise Offsets Profit Fall On Weak Natgas
Thursday, July 24, 2014 Encana said oil and natural gas liquids production climbed 43% year-on-year in the second quarter of 2014.
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