News Topics: Field Development
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Petrobras Says to Sign Libra Production Ship Contract This Month
Friday, September 19, 2014 Petrobras will sign a contract to build and lease a floating production ship for its giant Libra offshore project this month, company Chief Executive Maria das Gracas Foster says.
Petrobras Says Sergipe Oil Find To Require Expanded Output Plan
Thursday, September 18, 2014 A giant discovery off the coast of Brazil's Sergipe state holds enough hydrocarbons for Petrobras and its Indian partners to build an expensive undersea natural-gas pipeline and expand development.
North Dakota Governor Sees Oil Production Dip From Flaring Rule Change
Thursday, September 18, 2014 Some of North Dakota's oil companies likely will experience a production dip starting next month as they try to meet aggressive new flaring standards, Governor Jack Dalrymple says.
Northern Drills First Wells in Current Program in Alberta
Wednesday, September 17, 2014 Northern Petroleum drills the first two wells of its current three-well drilling program in Alberta, Canada.
Leni Sees Goudron Well Flow at 700 Barrels per Day
Wednesday, September 17, 2014 Leni Gas & Oil sees "very encouraging" initial oil flow from its GY-665 well on the Goudron Field, onshore Trinidad, with the rate achieving 700 barrels per day.
Iraq's Oil Output Revival at Stake for Want of Water
Wednesday, September 17, 2014 A lack of water threatens Iraq's plans to raise its oil ouput.
Total: Brazil's Libra Oil Field Will Cost $80B To Develop
Tuesday, September 16, 2014 Brazil's biggest oil field Libra will cost $80 billion to develop, an executive at consortium member Total says.
Ithaca Completes 4th Development Well on Stella Field
Tuesday, September 16, 2014 Ithaca Energy drills the fourth development well on its Stella field in the North Sea, achieving a flow rate of 12,005 barrels per day.
FEEC Updates on Activities at Shouyang CBM PSC in Shanxi, China
Tuesday, September 16, 2014 Far East Energy Corporation provides update on the company's activities regarding the Shouyang coalbed methane production sharing contract in China's Shanxi province.
PTTEP Plans $3.3B Capex for Myanmar Projects for 2014-2018
Tuesday, September 16, 2014 PTTEP plans a $3.3 billion capital expenditure to develop its oil and gas projects in Myanmar from 2014 to 2018, or 20% of the $16 billion earmarked worldwide.
Indonesia Expects Output from Exxon Mobil's Cepu Block to Peak in July/Aug
Monday, September 15, 2014 Indonesia expects crude output from ExxonMobil's Cepu oil block to peak in July or August next year, an official from the country's oil and gas regulator says.
One Millionth Barrel Delivered from Arctic Field Offshore Russia
Monday, September 15, 2014 Russia's Gazprom Neft delivers the one millionth barrel from its Prirazlomnoye field in the Arctic.
MedcoEnergi Eyes 50% Contribution from Foreign Oil, Gas Projects by 2017
Friday, September 12, 2014 MedcoEnergi expects its foreign oil and gas projects to account for half the firm's production and revenue by the end of 2017, a company executive told a local daily.
LTHE Secures $222M EPIC Deal for ONGC's Mumbai High North Phase III Project
Wednesday, September 10, 2014 Larsen & Toubro's unit secures a $222.42 million contract for five wellhead platforms for ONGC's Phase III Redevelopment of the Mumbai High North field offshore India's west coast.
Clough AMEC JV Bags $64M FEED Contract for Queensland's Bowen Gas Project
Wednesday, September 10, 2014 The Clough AMEC joint venture bags a $64.4 million front end engineering design contract for Arrow Energy's Bowen Basin Gas Project in Queensland, Australia.
Operator: Production Resumes At UK North Sea Buzzard Oilfield
Tuesday, September 09, 2014 Production resumes at Britain's North Sea Buzzard oilfield, the field's operator says in a statement.
UAE's Dana Gas Gets $100M Financing For Gas Field Development
Tuesday, September 09, 2014 Dana Gas secures $100 million of financing to develop an offshore gas field in the north of the country, with the first gas production expected early next year.
Wood Group Clinches Woodside Contract in Western AU
Tuesday, September 09, 2014 Wood Group PSN (WGPSN) secures a contract with Woodside in Western Australia which boosts Wood Group's maintenance and brownfield project portfolio in Australia.
Bowen Basin CSG Project to Proceed to FEED Phase
Monday, September 08, 2014 A project to develop coal-seam gas from the Bowen Basin in Queensland, Australia, has been given the go-ahead to proceed to its FEED phase.
Mubadala Spuds MNA-02 Development Well in Manora Oil Field Off Thailand
Friday, September 05, 2014 Mubadala Petroleum spuds development well MNA-02 at the Manora oil development in the northern Gulf of Thailand.
Iraq Cuts Output Targets In Revised Oil Deals With BP, CNPC
Thursday, September 04, 2014 Iraq signs revised contracts with foreign oil companies for two southern oilfields that reduced their production targets and extended the life of the deals, Iraqi oil officials say.
Downer EDI Bags $159M Miscellaneous Work Contract for Gorgon Project
Thursday, September 04, 2014 Downer EDI bags a $159 million miscellaneous works contract for the Chevron-operated Gorgon project offshore Western Australia.
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.
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