News Topics: Field Development
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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.
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.
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.
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.
Strike Cuts Oil, Gas Output In Argentina's Neuquen Province
Thursday, July 24, 2014 YPF says a labor strike in Neuquen will cut output by 80,000 barrels of crude oil and 3 million cubic meters of natural gas.
CNOOC Commences Trial Production at LS36-1 Gas Field Offshore China
Wednesday, July 23, 2014 CNOOC commences trial production at LS36-1 gas field offshore Zhejiang province, China.
UK Proposes New Tax Allowance for Ultra HP/HT Fields
Wednesday, July 23, 2014 HM Treasury announces a consultation on a new "cluster area allowance" to encourage investment in ultra-high pressure, high temperature oil and gas fields.
Ruspetro Conducts Successful Flow Test on Russian Well
Wednesday, July 23, 2014 Ruspetro successfully carries out a 10-day flow test on its first multi-stage fractured horizontal well in the Pottymsko-Inginsky license area of Russia.
Libya Oil Output Slips, Fresh Fighting In Tripoli
Tuesday, July 22, 2014 Libyan oil production has fallen, turning back a hard-won increase since April in revenue for the government facing increased fighting around the airport in the capital and in the eastern city of Benghazi.
Leni Finds More Oil with 4th Goudron Development Well
Tuesday, July 22, 2014 Leni Gas & Oil finds 187 feet of net oil pay with its fourth development well on the Goudron field.
IEV Receives Nod to Progress Work at Pabuaran Block in West Java
Tuesday, July 22, 2014 IEV Holdings receives approval from Pertamina to progress work on the development of the Pabuaran Block in Subang district, West Java, Indonesia.
Asian, Western Firms Bid for UAE Oilfields
Monday, July 21, 2014 Asian and western oil firms bid for the opportunity to take part in operating the United Arab Emirates' biggest oilfields after a deal with oil majors fell through earlier this year.
Reliance's Oil, Gas Business Revenue Rises 27.3% in June Quarter
Monday, July 21, 2014 Reliance posts a 27.3% gain in revenue for its oil and gas exploration and production business in the June quarter to $527.54 million.
N'Goma FPSO to Sail Away to Block 15/06 Offshore Angola Shortly
Monday, July 21, 2014 The N'Goma floating production, storage and offloading facility prepares to sail away from Port Amboim to commence mooring and hook-up operations at Block 15/06 offshore Angola.
Armour Inks MOU for Future Gas Supply to MMG's Queensland Operations
Thursday, July 17, 2014 Armour Energy enters into a non-binding memorandum of understanding with MMG Century to work towards a gas supply arrangements from its exploration tenements in North West Queensland, Australia.
Newfield Boosts 2014 Production Guidance
Thursday, July 17, 2014 Newfield Exploration raises its 2014 production guidance, reflecting year-to-date operating momentum across the company.
Chinese Oil Rig Moved Away From Disputed Waters Off Vietnam
Wednesday, July 16, 2014 Chinese oil rig finishes exploration near the Paracel islands in the South China Sea, more than two months after its deployment damaged relations with Hanoi.
Minister: India Disallows Reliance From Cost Recovery Of $2.4B
Monday, July 14, 2014 India has disallowed Reliance from recovering billions invested to develop offshore gas fields in the D6 block as output has fallen drastically and is way below promised volumes, the oil minister says.
Israel's Leviathan Gas Reserves Estimate Raised by 16%
Sunday, July 13, 2014 Estimates of the size of the gas reserves in Israel's Leviathan field are increased by 16 percent.
HHI Receives $1.94B LOA from ADMA-OPCO for the Nasr Development
Friday, July 11, 2014 Hyundai Heavy Industries receives a $1.94 billion letter of award from Abu Dhabi Marine Operating Company to build fixed platforms and lay subsea cables for the Nasr development offshore United Arab Emirates.
Dragon Oil Says On Track for 2015 Milestone Target
Friday, July 11, 2014 Dragon Oil says it is on track to meet its 2015 production milestone of 100,000 barrels of oil per day (bopd), despite disappointing drilling results at some of its Turkmen fields.
Ithaca Production In Line with Forecasts
Thursday, July 10, 2014 Ithaca Energy reports average production for the second quarter of 2014 of 14,400 barrels per day, in line with forecasts.
Russia's Rosneft, Zarubezhneft To Agree On Cuban Offshore Block This Week
Thursday, July 10, 2014 Russian state oil companies Rosneft and Zarubezhneft plan to sign an agreement with Cuban state oil company Cubanpetroleo to develop an offshore block 37, a senior Russian official says.
First Oil from Manora Project in Gulf of Thailand Planned for September
Tuesday, July 08, 2014 Tap Oil reports the Manora development in the northern Gulf of Thailand nears completion, with first oil expected to commence in September.
Saudi Gas Development Plans Hit Hurdle as Shell Shelves Project
Monday, July 07, 2014 Shell will end its investment in a Saudi Arabia gas development project, complicating the top oil exporter's efforts to exploit its huge gas reserves.
Algeria Says to Start Production from 6 Gas Fields
Sunday, July 06, 2014 Algeria's Sonatrach expects to start production from six gas fields with a total capacity of 74 million cubic meters per day in the next three years.
APLNG Meets Key Milestones in Developing the CSG-LNG Project
Friday, July 04, 2014 Australia Pacific LNG meets three key milestones as it progresses development of its coal seam gas to liquefied natural gas project in Queensland, Australia.
CNOOC Completes Development Work at LS36-1 Gas Field Off Eastern China
Friday, July 04, 2014 Primeline reports that the LS36-1 gas development in Block 25/34 offshore eastern China has been completed, with the field ready for commissioning and first production.
Technip Clinches Total's Edradour Subsea Development Contract
Friday, July 04, 2014 Technip clinches a contract from Total for the Edradour Subsea Development, located north west of Shetland Islands in the UK.
Newbuild Sapura Diamante Commences Work for Petrobras Off Brazil
Thursday, July 03, 2014 Sapura Diamante,a newbuild pipelay support vessel operated by the SapuraKencanca-Seadrill joint venture, commences work for Petrobras in the pre-salt waters off Brazil.
Statoil Sees More Oil Recovered At N. Sea Oseberg East Field
Thursday, July 03, 2014 Statoil expects to increase oil recovery rate from Oseberg East field with a new drilling campaign, the company says.
Oil Major Total Launches Edradour Gas Field Development
Thursday, July 03, 2014 Total decides to develop the Edradour gas field, in the West of Shetland area, after negotiating lower costs with contractors, as well as buying a 60 percent stake in the neighbouring Glenlivet field.
Ichthys LNG Project Moves Into Next Phase of Onshore Construction
Wednesday, July 02, 2014 Inpex prepares for the next phase of onshore construction for the Ichthys liquefied natural gas project in Australia as first modules for processing facilities arrive at Bladin Point near Darwin.
Mexico's Pemex to Spend $6B to Maintain Output at Cantarell
Wednesday, July 02, 2014 Pemex will launch a $6 billion investment in 2017 aimed at maintaining current levels of production at its once-supergiant Cantarell field over the next decade, a Pemex official says.
Premier Gets First Gas under Indonesian Swap Deal
Wednesday, July 02, 2014 Premier Oil achieves first gas under a "domestic swap agreement" from its Natuna Sea Block A asset offshore Indonesia.
WGK Secures SURF Services Contract for the TEN Project Offshore Ghana
Wednesday, July 02, 2014 Wood Group Kenny secures a subsea, umbilical, risers, flowlines engineering services contract for the Tweneboa, Enyenra and Ntomme project offshore Ghana.
HHI Bags EPCIC Contract from Hess for North Malay Basin Project
Tuesday, July 01, 2014 Hyundai Heavy Industries bags an engineering, procurement, construction, transportation, installation, hook-up and commissioning contract from Hess for the North Malay Basin Project's Bergading Complex offshore peninsular Malaysia.
Rawson Updates on Reserves at its Otway, Cooper Basins' Assets in Australia
Tuesday, July 01, 2014 Rawson Resources provides update on reserves at its upstream assets in the Otway and Cooper Basins in Australia.
SEMAC-1 Commences Export Pipeline Installation for Ichthys LNG Project
Tuesday, July 01, 2014 Saipem's SEMAC-1 pipelay barge commences installation of the gas export pipeline for the Ichthys liquefied natural gas project in Australia.
InterOil to Sell Refining Arm, Focus on PNG Gas Hunt
Monday, June 30, 2014 InterOil Corp agrees to sell its Papua New Guinea oil refinery and petroleum products distribution business to Singapore-based Puma Energy Group for $526 million to focus on gas exploration.
KrisEnergy Proceeds With Wassana Oil Field Development in Gulf of Thailand
Monday, June 30, 2014 KrisEnergy approves final investment decision for the development of the Wassana oil field in the Gulf of Thailand's G10/48 license.
Statoil Postpones Decision on Castberg Field Development
Monday, June 30, 2014 Statoil postpones a decision on the development concept for its flagship Johan Castberg Arctic oil project until summer 2015.
Ithaca De-Risks Stella Production with Flow Test on 3rd Well
Friday, June 27, 2014 Ithaca Energy reports that its third development well on the Stella field in the North Sea has flowed at 12,492 barrels of oil equivalent per day, serving to de-risk the initial production forecast for the field.
NOC: Libyan Oil Output At 300,000 Bpd After El Feel Ups Production
Thursday, June 26, 2014 Libya's oil output has risen to 300,000 bpd after the El Feel field in the southwest increased production to 105,000 bpd, a spokesman for NOC says.
Inpex Midway Through Developing the Ichthys LNG Project in Australia
Thursday, June 26, 2014 Inpex reaches the half way mark in the development of Ichthys liquefied natural gas project in Australia.
Egypt's Oil Minister Says $10B Gas Project With BP Restarted
Thursday, June 26, 2014 BP's natural gas project in Egypt's North Alexandria concession has restarted, with production expected to begin in 2017.
Oil Directorate Chief: More Norway Oil Projects Being Delayed
Thursday, June 26, 2014 Oil firms are purposefully delaying the development of oil and gas fields off Norway, according to the head of the Norwegian Petroleum Directorate.
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