News Topics: Field Development

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MISC's MaMPU1 to Commence Ops at Vestigo's Anjung Kecil Field Off Sarawak
Friday, September 30, 2016 MISC says its newly converted Marginal Marine Production Unit (MaMPU1) will commence operations shortly at the Anjung Kecil oil field off Sarawak, Malaysia.

Mozambique Minister's Sacking Will Not Affect Gas Project Decision
Friday, September 30, 2016 The sacking of Mozambique's energy minister will not affect Italian oil firm Eni's final investment decision on an offshore gas project there.

Kashagan Oil Consortium Begins Test Pumping
Thursday, September 29, 2016 The consortium of oil majors developing the giant Kashagan oilfield in Kazakhstan has begun test pumping as the $50 billion project prepares for commercial production.

Sampang JV Approves Project to Extend Field Life by 2 Years to 2020
Thursday, September 22, 2016 Sampang Joint Venture approves the Sampang Sustainability Project (SSP) located offshore East Java, Indonesia, with the field life to be extended by at least 2 years to 2020.

Russia's Gazprom Says Output at Bolivian Field to Double by Mid-2019
Thursday, September 22, 2016 Russian gas giant Gazprom plans to double gas production at Bolivia's Incahuasi field to 13 million cubic metres per day by mid-2019.

Ophir Says Two Bidders In The Fray For Fortuna Contract
Thursday, September 15, 2016 Oil and natural gas producer Ophir Energy says two consortia were bidding for an engineering contract over the upstream portion of its Fortuna Floating Liquefied Natural Gas platform (FLNG) in Equatorial Guinea.

Pura Vida Outlines Plans for Development of Loba Oil Field Offshore Gabon
Wednesday, September 14, 2016 Pura Vida outlines plans for the development of the Loba Oil Field in the Nkembe block, offshore Gabon.

Kazakhstan To Launch Kashagan Oil Production In November
Friday, September 09, 2016 Commercial oil production at the giant Kashagan field in Kazakhstan will begin in November.

Emerson Secures Contract for Shell's Prelude FLNG Project
Thursday, September 08, 2016 Emerson secures a contract to provide automation maintenance and reliability services for Shell's Prelude floating liquefied natural gas facility to be deployed offshore Broome, Western Australia.

Russian FinMin Plans To Cut Oil Export Duty, To Raise MET in 2017
Wednesday, September 07, 2016 Russia's Finance Ministry plans to cut the oil export duty coefficient to 30% next year and to raise the mineral extraction tax (MET) for oil.

Woodside Eyes LNG Boost After $400 Million Gas Deal With BHP
Tuesday, September 06, 2016 Woodside may look to funnel gas from the Scarborough field off Western Australia to one of its existing liquefied natural gas plants after agreeing to a $400 million deal to buy half of BHP Billiton's stake in the remote offshore resource.

Despite Cuts, Big Oil to Expand Production into the 2020s
Monday, September 05, 2016 Overall production at the world's seven largest oil and gas companies is set to rise by around nine percent between 2015 and 2018 in spite of lower crude prices and spending cuts.

BP Progresses Development of Shah Deniz 2 Project
Friday, September 02, 2016 BP progresses development of the Shah Deniz 2 Project in the Caspian Sea offshore Azerbaijan, with the platform jacket to be installed soon.

PTTEPI, PC JDA Sign Add-on Deal to PSC for Block 17-01 in Gulf of Thailand
Thursday, September 01, 2016 PTTEP International (PTTEPI) and PETRONAS Carigali JDA (PC JDA) sign a supplementary contract to the production sharing contract for Block 17-01 in the Malaysia-Thailand Joint Development Area (MTJDA) in the southern Gulf of Thailand.

SKTLO Bags $65.3M Contracts for Work Offshore Malaysia, Vietnam
Thursday, September 01, 2016 SapuraKencana TL Offshore bags several contracts, worth around $65.3 million, for work offshore Malaysia and Vietnam.

Indonesia Encourages More Exploration, Development Activities in its Waters
Wednesday, August 31, 2016 Indonesia plans to boost oil and gas activities in its waters, inviting Malaysia to join Pertamina in exploration work, while seeking to speed up development of the East Natuna block.

Japanese Banks Loan $630M to ADOC to Develop Hail Oilfield in Abu Dhabi
Wednesday, August 31, 2016 Japanese banks extend a $630 million loan deal to Abu Dhabi Oil Co. for the development of the offshore Hail oilfield in Abu Dhabi, United Arab Emirates.

Statoil Slashes Cost Of Major Norway Field, Lifts Output Plan
Monday, August 29, 2016 Statoil says it cut development costs by about 20% for the first stage of its giant Johan Sverdrup oil field, while sharply raising the expected output.

Norway Asks ENI To Prevent Future Disruptions At Arctic Field
Monday, August 29, 2016 Norwegian PSA asks ENI to present plans on how to avoid power disruptions at its Goliat oil platform in the Barents Sea.

FPSO Armada Kraken on Track for North Sea Deployment
Monday, August 29, 2016 Keppel Shipyard holds naming ceremony for floating production storage and offloading (FPSO) Armada Kraken ahead of delivery to Bumi Armada for deployment to the Kraken oil field in the North Sea.

Iran Likely to Grant Development of 2 Oil Fields to China's CNPC, Sinopec
Wednesday, August 24, 2016 Iran is likely to grant the development of 2 major oil fields in the country's southwestern Khouzestan province to China's CNPC and Sinopec.

CEO: Indonesia's Pertamina To Invest $1.5B In Mahakam In 2017
Tuesday, August 23, 2016 Indonesia's Pertamina plans to invest around $1.5 billion in the Mahakam gas block in 2017, the chief executive of the state-owned energy company says.

Indonesian Acting Energy Minister Says Abadi LNG Remains a Priority Project
Thursday, August 18, 2016 Indonesia's Acting Minister for Energy and Mineral Resources Luhut Panjaitan says the Abadi liquefied natural gas project in the offshore Masela block remains a priority project for the country.

Philippines' Galoc Phase 3 Oil Field Development Plan for Start-up in 2019
Wednesday, August 17, 2016 Nido Petroleum says Phase III development of the Galoc oil field offshore the Philippines is expected to commence production in 2019.

Algeria's Hassi Bir Rekaiz Project JV to Submit Development Plan in 2017
Wednesday, August 17, 2016 Thailand's PTTEP and joint venture partners intend to submit development plan for the onshore Hassi Bir Rekaiz Project in eastern Algeria to the authorities in early 2017.

LTHE Sees India Investing $5B in Offshore Upstream Sector Over 5 Years
Tuesday, August 16, 2016 L&T Heavy Engineering (LTHE) sees investments in India's offshore upstream oil and gas industry reaching up to $5 billion over the next 5 years, a top company executive says.

Cairn Energy Increases SNE 2C Resource Estimate
Tuesday, August 16, 2016 Cairn Energy increases its 2C resource estimate at the SNE asset offshore Senegal to 473 million barrels from an earlier prediction of 385 million barrels.

ExxonMobil to Carry Out Well Intervention Work Offshore Norway
Friday, August 12, 2016 ExxonMobil receives consent from Petroleum Safety Authority Norway to use the Island Frontier and Island Wellserver vessels for light well intervention work at the Sigyn field offshore Norway.

Japan's Cosmo Expects Abu Dhabi's Hail Oilfield To Startup In 1H 2017
Friday, August 12, 2016 Japan's Cosmo Energy Holdings expects the offshore Hail oilfield in Abu Dhabi to likely start production in the first half of 2017, a company spokesman says.

NPD Processing Development Plan for Utgard Discovery
Thursday, August 11, 2016 The Norwegian Petroleum Directorate is processing the development plan for the Utgard discovery in the North Sea, after receiving the plan for development and operation Aug. 9.

Pertamina Approves Andalas' TOE Proof of Concept Work Program in Sumatra
Thursday, August 11, 2016 Indonesia's PT Pertamina approves the Tuba Obi East (TOE) proof of concept work program in South Sumatra submitted by Andalas Energy and Power.

Italian Ruling Set To Re-Open Eni's Val d'Agri Oil Field
Wednesday, August 10, 2016 An Italian judge lifts a seizure order on plant at Eni's main domestic oil field, paving the way for the company to restart production.

Indonesian Banks Join Global Lenders to Provide Finance for Tangguh Project
Friday, August 05, 2016 Indonesian lenders participate in LNG project financing for the first time in the BP-operated $3.745 billion Tangguh Expansion Project in Papua Barat Province.

MEO Australia Gets Updated Environmental Consents for Tassie Shoal Projects
Thursday, August 04, 2016 MEO Australia receives updated environmental approvals for the Tassie Shoal Projects offshore Northern Australia.


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