News Topics: Field Development
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MedcoEnergi Inks Agreement to Sell Gas from Aceh's Block A to Pertamina
Wednesday, January 28, 2015 MedcoEnergi inks agreement to sell $2 billion of gas to Pertamina from Block A, Aceh, Indonesia.
KrisEnergy Commcences 2D Seismic Survey at Udan Emas PSC in West Papua
Wednesday, January 28, 2015 KrisEnergy commences 2D seismic survey in Indonesia's onshore Udan Emas production sharing contract in West Papua.
Cyprus in Talks with Noble on Exploitation of Gas Find
Wednesday, January 28, 2015 Cyprus and US independent energy firm Noble discuss the potential exploitation of a gas field discovered in 2011.
Yinson Clinches $2.54B FPSO Contract from Eni for Ghana's OCTP Block
Wednesday, January 28, 2015 Yinson clinches a $2.54 billion contract from Eni to supply, operate and maintain a floating production storage and offloading vessel for Ghana's Offshore Cape Three Points Block.
Ghana's OCTP Project Gets Go-Ahead
Tuesday, January 27, 2015 Eni's OCTP project in Ghana gets the go-ahead, with first oil expected in 2017.
Green Dragon on Target for 12BCF of Gas in 2015
Monday, January 26, 2015 Green Dragon Gas says it is on target to achieve its 2015 year-end production objective of 12 billion cubic feet of gas.
Cue Energy Talks About Impact of Low Oil Price, NZOG's Involvement in Firm
Friday, January 23, 2015 Cue Energy informs shareholders about the impact of the sharp fall in oil price on the company and the emergence of New Zealand Oil and Gas as a major shareholder in the firm.
Petrobras Says Use of SESV to Install Subsea Equipment Saves Time and Money
Friday, January 23, 2015 Petrobras says the use of a subsea equipment support vessel rather than a drillship to install equipment at Sapinhoa field in the pre-salt layer of Santos Basin in Brazil has resulted in cost and time savings.
Santos Registers Record Sales Revenue of $874M in 4Q 2014, Up 2% YOY
Friday, January 23, 2015 Santos' sales revenue reaches a record $874 million in the fourth quarter of 2014, up 2 percent from last year.
Empire Raises Red Gully B Sand Gas Reserves in Northern Perth Basin by 46%
Thursday, January 22, 2015 Empire Oil & Gas raises the Red Gully B Sand gas and condensate reserves in Northern Perth Basin, Australia by 46 percent.
Cairn Completes Catcher Farm-out to Dyas UK
Wednesday, January 21, 2015 Cairn Energy completes the farm-out of a 10-percent interest in its Catcher development, offshore UK, to Dyas UK Limited.
Oilex Get Gas Sale Go-Ahead for Cambay-77H Well
Monday, January 19, 2015 Asia-focused Oilex gets the go-ahead from the Indian government to sell gas from its Cambay-77H well.
Det Norske Starts Up Boeyla Oilfield in North Sea
Monday, January 19, 2015 Det norske oljeselskap starts up its Boeyla oilfield in the North Sea, expecting to recover 23 million barrels of oil equivalent.
ExxonMobil PNG Receives License to Develop P'nyang Field in PNG
Monday, January 19, 2015 ExxonMobil PNG receives petroleum development license for P'nyang field in Papua New Guinea.
Reliance Posts 2.9% Fall in Oil, Gas Revenue to $460.2M in 3Q FY 2015
Monday, January 19, 2015 Reliance's oil and gas exploration and production segment posts a 2.9 percent decline in revenue for third quarter 2015 that ended Dec. 31, 2014.
Russia's Rosneft Starts Oil Production At Arkutun-Dagi Field
Monday, January 19, 2015 Rosneft starts oil production at the Arkutun-Dagi field, part of the Sakhalin-1 project in the Russian Far East.
Iraq Produces Record 4M Barrels per Day of Crude in December
Sunday, January 18, 2015 Iraq hits four millions barrels of crude oil per day during December.
Argentina's Vaca Muerta Shale Output 33,000 Bpd In Sept And Rising
Friday, January 16, 2015 Combined shale oil and natural gas output from Argentina's vast Vaca Muerta formation was about 33,000 boepd at the end of September.
Det Norske to Develop Viper-Kobra Project in the North Sea
Friday, January 16, 2015 Det Norske will spend $234 million developing the Viper and Kobra reservoirs in the Alvheim area of the North Sea.
Petroceltic Sharpens Production Focus as Oil Prices Slump
Thursday, January 15, 2015 Irish independent oil producer Petroceltic International will focus on improving volumes and costs at its core production assets and step backwards from certain exploration projects.
Total, BG Start Gas Production at North Sea West Franklin Field
Thursday, January 15, 2015 Total and BG Group start producing gas at the West Frankline field in the UK North Sea.
Det Norske Achieves 4Q Increase in Production
Wednesday, January 14, 2015 Det norske oljeselskap achieves a 6.8-percent quarter-on-quarter increase in net production from its Norwegian Continental Shelf assets.
Premier Oil in 'Strong Position' to Weather Oil Price Weakness
Wednesday, January 14, 2015 Premier CEO Tony Durrant says Premier's stable production base with low-cash operating costs means it is in "a strong position to weather a period of oil price weakness".
OMV Aims to Boost Yemen Output to 30,000 BPD if Conditions Allow
Tuesday, January 13, 2015 Austria's OMV wants to boost its Yemeni oil output from 20,000 barrels per day to 30,000 barrels per day, according to a senior executive.
AAG Reaches Production Milestones at Panzhuang CBM Concession in Shanxi
Tuesday, January 13, 2015 AAG Energy reaches new daily production milestones for coalbed methane at Panzhuang concession in China's Shanxi Province.
Cairn: Catcher, Kraken Developments Remain On Track
Tuesday, January 13, 2015 Cairn Energy says its Catcher and Kraken developments in the UK North Sea remain on track to deliver first oil in 2017.
Gulfsands Sees Good Result at Moroccan Well
Monday, January 12, 2015 Gulfsands Petroleum says its Dardara Southeast 1 well in northern Morocco flowed at 7.1 million cubic feet of gas per day following its completion.
McDermott Completes Kepodang Platform Installation Offshore Indonesia
Monday, January 12, 2015 McDermott completes platform installation at the Kepodang gas field in Muriah working area offshore Indonesia for Petronas.
Matrix Delivers Installation Buoyancy Structure to Heerema for LNG Project
Monday, January 12, 2015 Matrix Composites & Engineering delivers an installation buoyancy structure to Heerema Marine Contractors for a liquefied natural gas project offshore Western Australia.
Lundin on Track to Increase Production in 2015
Monday, January 12, 2015 Lundin Petroleum expects to increase production to between 41,000 and 51,000 barrels per day in 2015.
Ithaca Cuts Capex Budget by 60% for 2015
Monday, January 12, 2015 North Sea producer Ithaca Energy cuts its capital spending budget for 2015 by 60% to $150 million.
Statoil To Shut Oil Production At Aasgard Field Due To Storm
Monday, January 12, 2015 Statoil will shut oil production at the Aasgard field in the Norwegian Sea due to an impending storm, and will reduce the number of workers at the Kristin platform, a spokesman says.
Max Petroleum Sees 4% Increase in Reserves
Friday, January 09, 2015 Kazakhstan-focused junior Max Petroleum sees its 2P reserves increase four percent to 9.9 million barrels of oil equivalent.
JKX Achieves Successful Test of E-303 Well
Friday, January 09, 2015 JKX Oil & Gas achieves successful test results from the E303 well on its Elizavetovskoye field.
Statoil To Extend Lifetime Of Norne Field To 2030 From 2014
Friday, January 09, 2015 Norway' Statoil plans to extend operations at its Norne oil and gas field to 2030.
NPD Processes Rutil Development Plan
Friday, January 09, 2015 The Norwegian Petroleum Directorate processes the plan for the development of the Rutil discovery in the Gullfaks Rimfaksdalen area of the North Sea.
Eland Secures Credit to Fund Opuama Field Development
Thursday, January 08, 2015 Eland Oil & Gas arranges a new credit facility for up to $75 million that will help it fund the development of the Opuama field, offshore Nigeria.
Europa Shuts in Well Due to Low Oil Price
Thursday, January 08, 2015 UK onshore-focused Europa Oil & Gas shuts in one of its wells in the East Midlands due to the low oil price.
Total Completes Ofon Field Flare Out
Wednesday, January 07, 2015 France's Total reports the completion of the flare out of the Ofon field, offshore Nigeria.
McDermott to Install Pemex's Ayatsil-A Drilling Platform Offshore Mexico
Tuesday, January 06, 2015 McDermott will install Pemex's Ayatsil-A drilling platform installation in the Bay of Campeche offshore Mexico.
ConocoPhillips Turns On Taps at Eldfisk II
Tuesday, January 06, 2015 ConocoPhillips announces first oil production from the Eldfisk II project in the Norwegian North Sea.
Oil Reserves at Tui Fields Offshore NZ Raise After Pateke-4H Well Review
Tuesday, January 06, 2015 Pan Pacific Petroleum reports higher reserves at Tui Area Oil Fields offshore New Zealand after a review of the Pateke-4H well in petroleum mining permit 38158.
MOL Says Shaikan Block Crude Output Reached 40,000 BPD
Monday, January 05, 2015 Hungary's MOL reports that crude production from the Shaikan block in the Kurdish region of Iraq is now over 40,000 barrels per day.
Decmil Clinches $53M Wellsite Installation Services Deal for QCLNG Project
Monday, January 05, 2015 Decmil clinches a $52.6 million contract to provide wellsite installation services to QGC for the Queensland Curtis liquefied natural gas project in Australia.
Statoil Starts Up New Valemon Gas, Condensate Field in North Sea
Saturday, January 03, 2015 Norway's Statoil starts up the North Sea's Valemon gas and condensate field, expecting to recover up to 192 million barrels of oil equivalent over the field's lifetime.
KrisEnergy Receives Nod to Develop Lengo Gas Field Offshore East Java
Wednesday, December 31, 2014 KrisEnergy gets approval to develop Lengo gas field in the Bulu production sharing contract offshore East Java, Indonesia.
Lundin Drills Duster Offshore Norway
Tuesday, December 30, 2014 Lundin Petroleum drills a dry well at Lindarormen prospect offshore Norway.
Breitling Energy Updates Ops at New Wilcox Sands Project
Tuesday, December 30, 2014 Breitling Energy announces drilling results of the New Wilcox Sands Project.
BP Starts Production At North Sea Kinnoull Field
Tuesday, December 30, 2014 BP starts producing oil from its Kinnoull field, bringing on stream a new field that feeds into BP's existing Andrew platform off the coast of Scotland.
Petrobras Declares Commerciality at Iara Area Offshore Brazil
Tuesday, December 30, 2014 Petrobras submits a Declarations of Commerciality (DoC) to ANP for three separate oil and gas accumulations offshore Brazil.
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