News Topics: Field Development

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Woodside Sees Browse LNG Opening in 2021 at Earliest
Thursday, May 21, 2015 Woodside expects the long-delayed Browse gas project off Australia to be commissioned in late 2021 at the earliest, after pushing out a final investment decision to the second half of 2016, its chief executive says.

Total Announces Start of Production at Termokarstovoye Field
Wednesday, May 20, 2015 Total reports the start of gas and condensate production from the onshore Termokarstovoye field in Russia.

Galp Energia Sticking with Strategy for Stronger E&P Business
Tuesday, May 19, 2015 Investment bank Jefferies says Portuguese firm Galp Energia will continue with its strategy of strengthening its production activities, while supporting these with competitive downstream operations.

CEO: OMV Further Ramping Up Norway Production
Tuesday, May 19, 2015 Austria's OMV ramps up production in the North Sea around Norway, CEO Gerhard Roiss tells shareholders.

Rockhopper Reports Production Boost at Guendalina Operation
Tuesday, May 19, 2015 Rockhopper Exploration announces a significant boost to gas production at the Guendalina operation in the Mediterranean.

San Leon Energy Reports Encouraging Findings at Rawicz Field
Tuesday, May 19, 2015 SLE reports that the gross reserves for the Rawicz field in Poland stand at more than 50 billion cubic feet, according to a Competent Persons Report (CPR).

OMV Warns On Libya, Yemen As Profit Hit By Oil Slump
Monday, May 18, 2015 OMV says it is unlikely to resume production in war-torn Libya or Yemen before winter.

Lundin Petroleum Secures Production License in Northern Caspian Sea
Monday, May 18, 2015 Lundin Petroleum secures a production license from Rosnedra for the Morskaya field, located in the Russian part of the Caspian Sea.

State Media: China Secures $330M UAE Oil Field Deal
Monday, May 18, 2015 A subsidiary of China's largest energy company China National Petroleum Corporation signs a $330 million deal on Sunday to build infrastructure for an onshore petroleum company in the United Arab Emirates, according to state news agency Xinhua.

BP Agrees To Cut Spending On Iraq's Rumaila Field After Oil Price Drop
Monday, May 18, 2015 BP has cut its development budget for the Rumaila oilfield by $1 billion this year.

CITIC to Proceed with Oseil Field Development in Seram (Non-Bula) PSC
Monday, May 18, 2015 CITIC Seram Energy says Phase 3 of the Oseil field development in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia has been approved by the Indonesian government.

Tethys Sees Lower 1Q Revenues, Boosts Production
Monday, May 18, 2015 Tethys Petroleum see revenues fall as its boosts production by nine percent during the first quarter of 2015.

EnQuest Reports 'Strong Operational Performance'
Friday, May 15, 2015 EnQuest sees a 'strong operational performance' during the first quarter, with production up 20.2 percent at 30,768 barrels per day.

KrisEnergy Says First Oil from Wassana, Nong Yao Fields Likely in 2H 2015
Thursday, May 14, 2015 KrisEnergy says the Wassana and Nong Yao oil fields in the Gulf of Thailand are scheduled to commence production in the second half of this year.

Ithaca Issues Positive 1Q Results Update
Thursday, May 14, 2015 UK North Sea-focused Ithaca enjoys a positive first quarter, generating strong cash flow ahead of the start-up of its Stella field next year.

North Dakota Posts Surprising Jump In Oil Output In March
Wednesday, May 13, 2015 North Dakota posted a surprising jump in oil and natural gas output in March, as producers leaned on newer technologies and processes to offset a slump in commodity prices.

Premier Posts Positive Trading, Operations Updates
Wednesday, May 13, 2015 The UK's Premier Oil announces positive trading and operations updates

ExxonMobil Ramps Up Production at New Indonesian Oilfield
Tuesday, May 12, 2015 ExxonMobil ramps up production at a new Indonesian oilfield, targeting peak output later this year of more than 200,000 barrels per day that will add to an already oversupplied crude market.

BP to Suspend Operations at Caspian Sea Platform
Tuesday, May 12, 2015 UK oil major BP suspends operations at one of its platforms in the Caspian Sea for planned maintenance, according to a spokesperson.

Positive Test Results for SAH-W1 Well in Morocco
Monday, May 11, 2015 Circle Oil sees positive results from tests at its SAH-W1 gas well, onshore Morocco.

Cairn Energy Submits 3-Year Senegal Work Plan
Monday, May 11, 2015 Cairn Energy submits a three-year work plan for the government of Senegal, detailing a drilling campaign around the SNE-1 discovery well in the country's offshore zone.

Israel Electric Boosts Natgas Supply from Tamar Site
Monday, May 11, 2015 Israel Electric Corporation signs a deal to buy more natural gas from the Israeli offshore Tamar field through to 2028.

UKOG Upgrades Horse Hill Volumes
Monday, May 11, 2015 UK Oil and Gas Investments announces a substantial upgrade volumes discovered at its Horse Hill-1 and Collendean Farm-1 structures in southern England.

Alfa to Inherit Pacific Rubiales' Output Battle If Bid Prevails
Friday, May 08, 2015 If Alfa and Harbour Energy succeed in buying Pacific Rubiales Energy they'll also acquire the oil driller's battle to avert a steep production decline.

EBRD To Extend Loan For Azerbaijan's Biggest Gas Project
Friday, May 08, 2015 The European Bank for Reconstruction and Development (EBRD) will extend a syndicated loan for Azerbaijan's biggest gas project, Shah Deniz II, EBRD President Suma Chakrabarti says.

Argentina's YPF Reports Higher Than Expected Net 1Q Profit
Thursday, May 07, 2015 YPF posts better than expected 1Q profit but earnings were still down 24.3% on the year due to the global slide in oil prices.

Qatar Invites Oil Firms To Bid For Al-Shaheen Field In Blow To Maersk
Wednesday, May 06, 2015 Qatar Petroleum says it has invited international oil and gas companies to compete to operate and develop its Al-Shaheen oilfield from mid-2017.

OTC 2015: SBM Talks to CNOOC about Lingshui Gas Production Facility
Wednesday, May 06, 2015 SBM Offshore holdings talks with CNOOC to supply a semisubmersible production for the Lingshui 17-2 gas field development in South China Sea.

Wintershall To Spend $2B To Develop Norwegian Oil Field
Tuesday, May 05, 2015 BASF subsidiary Wintershall and its partners will spend $2 billion to develop the Maria oil and gas field in the Norwegian Sea, the oil ministry says.

CEO: Anadarko Not In Talks To Sell Mozambique Assets
Tuesday, May 05, 2015 Anadarko is not in talks to sell its multibillion-dollar stake in Mozambique's gas reserves and instead is working toward a final investment decision on the planned LNG project there.

McDermott Bags Hout Field Platform Project from Al-Khafji Joint Operations
Monday, May 04, 2015 Al-Khafji Joint Operations awards platform project for the Hout field project in the divided zone between Kuwait and Saudi Arabia to McDermott.

Enegi Signs Up Apollo to Marginal Field Consortium
Friday, May 01, 2015 Enegi Oil subsidiary ABTOG signs up Apollo Offshore Engineering as a partner to build technical solutions for developing marginal fields, but Wood Group PSN decides not to join the venture.

India's Cambay-73 Oil, Gas Field Production Facilities Operationally Ready
Wednesday, April 29, 2015 Oilex completes work on Cambay-73 oil and gas production facilities in Cambay field in Gujarat, India.

Pacific Oil & Gas Submits Development Plan for Kisaran PSC in Sumatra
Wednesday, April 29, 2015 Pacific Oil & Gas submits the development plan for onshore Kisaran production sharing contract in Sumatra, Indonesia.

Eni Upstream Business Hit by Low Oil Price
Wednesday, April 29, 2015 Italy's Eni issues results that show that the low oil price has hit its profits as the firm increases production.

BP Starts North Sea Quad 204 Field Upgrade Drilling
Wednesday, April 29, 2015 BP begins its drilling campaign on the Loyal field in the UK North Sea as part of its Quad 204 upgrade project.

Tribunal Rejects Ivory Coast Request that Ten Project be Suspended
Monday, April 27, 2015 A request by the Ivory Coast that Ghana be orderedto suspend all oil exploration and exploitation in the vicinity of the TEN Project is rejected by the International Tribunal of the Law of the Sea.

Govt: Statoil Must Move Ahead with Snorre Field Expansion
Monday, April 27, 2015 Statoil must move ahead with the delayed upgrade of the Snorre oil and gas field in the North Sea, Norway's energy minister says.

Sound Oil Begins Drilling Second Nervesa Well
Friday, April 24, 2015 Onshore Italy-focused Sound Oil begins the drilling of a second well on its Nervesa gas field.

Russia's Sole Offshore Arctic Field To Double Oil Output In 2015
Friday, April 24, 2015 Gazprom Neft plans to more than double oil output this year at the Prirazlomnoye field, Russia's sole Arctic offshore oil project.

Norway's Giant Sverdrup Oil Field Could Face Delay, Cost Overrun
Friday, April 24, 2015 The start of Norway's 2.3 billion barrel Johan Sverdrup oil field may be delayed and costs could exceed forecasts but the project could break even at about half of the current oil price, authorities say.

Ivar Aasen Appraisal Wells Drilled Successfully
Wednesday, April 22, 2015 Det norske oljeselskap completes the drilling of two appraisal wells on the Ivar Aasen field.

Chevron's Kazakh Joint Venture Slows Expansion Plans Due To Weak Oil Price
Tuesday, April 21, 2015 Kazakhstan's leading oil producer slows its expansion plans further and cuts planned spending in response to lower oil prices, a senior executive at Chevron's joint venture TCO says.

RISC Releases Resource Report for Oilex-Operated Cambay Field in India
Friday, April 17, 2015 Oilex provides details of an independent resource report by RISC on gas and condensate reserves estimates for the Cambay field in Gujarat, India.

Norway's Minister of Petroleum Opens Valemon Field
Friday, April 17, 2015 Norway's Valemon field is officially opened.

Santos Expects First LNG from Queensland's GLNG Project in 3Q 2015
Friday, April 17, 2015 Santos expects first LNG from Australia's GLNG project in third quarter 2015 as the development in Queensland is nearly 95 percent complete.

Nervesa Gas Field Gets Environmental OK
Friday, April 17, 2015 Sound Oil says it is set to receive the go-ahead to produce from its Nervesa gas field in northern Italy after getting environmental approval from the Veneto region.

Otto Marine Delivers 4 OSVs, Including 2 AHTS, to Pertamina's Subsidiary
Thursday, April 16, 2015 Otto Marine delivers four offshore support vessels, including two anchor handling tug supply vessels, to PT Pertamina Trans Kontinental at its yard in Batam, Indonesia.

Buru-Mitsubishi JV Moves Nearer to Developing WA's Ungani Oil Field
Thursday, April 16, 2015 Buru Energy and its partner Mitsubishi move nearer to developing the Ungani oil field in Western Australia.

Dragon Oil Raises 1Q Output from Turkmenistan Fields
Thursday, April 16, 2015 Dragon Oil increases production from its flagship Cheleken fields in Turkmenistan.

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