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News Topics: Field Development

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MOG 1Q Production Down amid Production Challenges
Wednesday, April 23, 2014 Mediterranean Oil & Gas sees its first quarter production more than halve as work continues to reverse production challenges at its assets.

Azeri Shipyard, BP Sign $378M Contract On Vessel Construction
Wednesday, April 23, 2014 SOCAR's shipyard and BP sign a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project

Genel on Track for 60,000-70,000 Barrels per Day in 2014
Tuesday, April 22, 2014 Genel Energy says it remains on track to produce between 60,000 and 70,000 barrels of oil equivalent per day in 2014.

Neptune Marine Services Wins a Survey, ROV Contract for Ichthys LNG Project
Tuesday, April 22, 2014 Neptune Marine Services wins a survey and remotely operated vehicles contract from McDermott for the Ichthys liquefied natural gas project offshore Western Australia.

PetroChina Aims to Produce 92 Bcf of Shale Gas in 2015
Tuesday, April 22, 2014 PetroChina intends to produce 91.8 billion cubic feet of shale gas in 2015, with production coming from the Sichuan and Yunnan provinces in China.

Range Makes Progress with Trinidad Assets
Tuesday, April 22, 2014 Range Resources reports progress with its onshore assets in Trinidad.

Rosneft Says Discusses Oil, Gas Projects in Mozambique
Tuesday, April 22, 2014 Rosneft discusses the possibility of becoming involved in Mozambican oil and gas projects.

Petronas Eyes Brazil, Russia, India and China for E&P Growth
Monday, April 21, 2014 Petronas is keen to expand its business into the energy, including petroleum, sector in Brazil, Russia, India and China, according to a local daily.

Rex International Holdings Provides Updates on Upstream Portfolio
Monday, April 21, 2014 Rex International Holdings provides an update on its upstream portfolio, strategy and future plans.

Technip Bags Kaombo Umbilical Gig Offshore Angola
Friday, April 18, 2014 Technip has been awarded a large lump-sum contract by Total E&P Angola for the umbilical system part of the Kaombo project.

Hallin Supports Subsea 7 in Offshore Installation Work in Bay of Bengal
Thursday, April 17, 2014 Hallin Marine provides installation support for Subsea 7 on a subsea field development project in the Bay of Bengal offshore India.

Santos Revenue Grows as Projects near Completion
Thursday, April 17, 2014 Higher oil sales offset flat production returns to bolster Australian company Santos' quarterly results.

Kazakhstan Disappointed Over Kashagan Setback, But Signals Breather
Thursday, April 17, 2014 Kazakhstan's oil and gas minister says he was disappointed over the slow development of the giant Kashagan oilfield, but sees no legal reasons to put pressure on the consortium.

Oil Minister: Restart Of Libya's Oil Output Hard To Predict
Wednesday, April 16, 2014 Libya's oil minister says there was no clear timetable for the resumption of steady oil output as an end to the stand-off with rebels could still falter.

BHP Billiton Updates 2014 Production Guidance
Wednesday, April 16, 2014 Operational activities force the diversified resources company to adjust its petroleum division's production guidance for the current financial year.

Kuwait to Award $4.3B Contract this Year for Heavy Oil Project
Tuesday, April 15, 2014 Kuwait plans to award a $4.3B contract later this year for the first phase of a project to produce heavy oil at its northern Ratqa field.

Iraq Approves S.Korea's Daewoo $588.8M Oilfield Contract
Tuesday, April 15, 2014 Iraq's cabinet approves a $588.8M oilfield service contract with Daewoo Engineering & Construction for the development of the Zubair oil field.

Horizon Oil Gets Approval to Develop Stanley Gas, Condensate Project in PNG
Monday, April 14, 2014 Horizon Oil receives approval to develop the Stanley gas condensate project in Western Province, Papua New Guinea.

Mexico's Proven Oil And Gas Reserves Fall 3% In 2013
Monday, April 14, 2014 Mexico's proven oil and gas reserves fell 3.1% in 2013, according to energy ministry data, as the nation's once-ample shallow water deposits begin to run dry.

First Production from Sumatra's Lemang Block Likely in 2H 2015, Early 2016
Monday, April 14, 2014 Ramba Energy expects first production from Lemang block in South Sumatra in the second half of 2015 or early 2016.

Total Goes Ahead with $16B Angolan Kaombo Oil Project
Monday, April 14, 2014 Total decides to go ahead with its Kaombo oil project offshore Angola after lowering its cost by $4 billion to $16 billion.

Jubilant Declares Commercial the Kathalchari Discovery in Tripura, India
Friday, April 11, 2014 Jubilant Energy declares commercial the Kathalchari discovery in Tripura block in Tripura state in northeast India's Assam-Arakan Basin.

EMAS AMC Gets LOA from Noble Energy for Gunflint Project in GOM
Friday, April 11, 2014 Ezra Holdings' unit EMAS AMC receives a letter of award from Noble Energy for the Gunflint Project in the Gulf of Mexico.

Congo Republic State Oil Firm Seeks To Revive Oilfields
Friday, April 11, 2014 NPC says it hopes to develop a strategy to pump more oil from fields under-exploited by foreign investors as part of a plan to revive oil production.

BP-Led Consortium Awards $750M Contract For Shah Deniz Gas Project
Thursday, April 10, 2014 A consortium led by BP awards a construction and supply contract to help to develop the Shah Deniz II gas field in Azerbaijan, a project that offers Europe a chance to cut reliance on Russian gas.

Enegi Oil Restructures Marginal Fields Unit
Thursday, April 10, 2014 Enegi Oil restructures its ABT Oil & Gas subsidiary that is developing production systems aimed at making marginal fields economic, while also providing an update on progress at its Fyne field in the North Sea.

ExxonMobil Sees PNG LNG Exports Starting Mid-Year, Below $19B Budget
Wednesday, April 09, 2014 ExxonMobil Corp is on track to start exporting liquefied natural gas from Papua New Guinea by mid-year, ahead of schedule and below its $19 billion budget, the manager of the PNG LNG project says.

GCA Reports Higher Reserves at West Linapacan 'A' Field off Palawan Island
Wednesday, April 09, 2014 Nido Petroleum reveals increased reserves booking from the West Linapacan 'A' oil field in Service Contract 14C2 offshore Palawan Island, Philippines.

Shell UK Tax Payments Fall As North Sea Output Declines
Wednesday, April 09, 2014 Shell says its tax payments in the UK fell steeply last year because of declining output in the North Sea and rising spending on mature field decommissioning.

National Petroleum: Ghana Oil Output To Hit Up To 110,000 Bpd In 2014
Tuesday, April 08, 2014 Ghana's Jubilee oilfield will produce up to 110,000 barrels per day in 2014, Ghana National Petroleum Corporation Chief Executive confirms.

Norway's Ekofisk Oilfield Will Next Shut for Planned Maintenance in Summer
Tuesday, April 08, 2014 Norway's Ekofisk oilfield will shut for planned maintenance in the summer of 2016, according to ConocoPhilips.

UTEC Clinches Pipelay Support Survey, Positioning Deal for Ichthys Project
Tuesday, April 08, 2014 UTEC clinches a pipelay support survey and positioning contract from Saipem for the Ichthys liquefied natural gas project off Australia.

Kentz Bags $570M Deal for Ichthys Project Onshore LNG Facilities in Darwin
Monday, April 07, 2014 Kentz's unit bags a $570 million contract for the electrical and instrumentation construction packages for Ichthys project onshore liquefied natural gas facilities in Darwin, Australia.

Kea Farms out Puka Permit, Onshore New Zealand
Monday, April 07, 2014 Junior explorer Kea Petroleum farms out its PEP 51153 license, which includes the Puka discovery, onshore New Zealand.

CBM Asia Plans to Commercialize Resource in Kutai West PSC in Kalimantan
Monday, April 07, 2014 CBM Asia reveals plans to commercialize gas resource at Kutai West production sharing contract in East Kalimantan, Indonesia.

Petronas Expects First Production from Tanjong Baram Field in March 2015
Monday, April 07, 2014 Petronas expects to commence production at the Tanjong Baram field offshore Sarawak, Malaysia in March 2015.

Field Operations Underway at Sino Gas & Energy's PSCs in Ordos Basin
Monday, April 07, 2014 Sino Gas & Energy discloses that field operations for 2014 are underway at its production sharing contracts in China's Ordos Basin.

Statoil Starts Up Gudrun Field
Monday, April 07, 2014 Statoil starts up the Gudrun high-temperature, high-pressure oil and gas field in the Norwegian North Sea.

West Australia Sets Conditions for Renewing Browse Gas Leases
Monday, April 07, 2014 The Western Australian government will only renew two leases in the offshore Browse LNG development if the partners set up an onshore supply base in the state and allocate gas for industrial use in the state.

Frontera Begins Gas Production at Mstare Khevi, Georgia
Friday, April 04, 2014 Frontera starts up production from the Mtsare Khevi gas complex in the Republic of Georgia.

Brazil's Oil, Gas Output Rises In February, New Fields Online
Thursday, April 03, 2014 Brazilian output of oil and natural gas rose in February as new fields came online, ANP says.

Far East Energy Reports 32% Increase in Proved Reserves at Shouyang Block
Wednesday, April 02, 2014 Far East Energy reports a 32% increase in proved reserves at Shouyang Block coalbed methane production sharing contract in Shanxi province, China.

Drillsearch Draws Up Conceptual Development Plan for Stunsail-1 in PEL 91
Wednesday, April 02, 2014 Drillsearch announces that the Stunsail-1 oil discovery in PEL 91 on the Western Flank Oil Fairway of the Cooper Basin in Australia could be develop using a standalone production facility.

Uzma-Enquest JV Inks Contract to Develop Tanjong Bram Field Offshore Lutong
Wednesday, April 02, 2014 Uzma and Enquest ink a contract with Petronas Carigali to develop and produce hydrocarbon from Tanjong Bram field, offshore Lutong, Malaysia.

Bumi Armada Receives $2.9B FPSO Contract from Eni for Angola's Block 15/06
Monday, March 31, 2014 Bumi Armada receives a letter of intent from Eni for the supply of an FPSO vessel for deployment to Block 15/06, East Hub offshore Angola.

Enegi Remains Focused on Production Buoy Strategy
Monday, March 31, 2014 Enegi Oil says its focus remains on the development of marginal fields through a production buoy system that is being developed by its ABTOG subsidiary.

Spain's Repsol Starts Gas Production At Kinteroni field In Peru
Monday, March 31, 2014 Repsol starts gas production at the Kinteroni field in Peru, one of 10 main projects in its 2012-2016 strategic plan.

Sinopec to Start Up Yuanba Sour Gas Field by End 2014
Monday, March 31, 2014 Sinopec plans to start pumping from the China's Yuanba sour gas field by the end of 2014.

Total Resumes Operations At Yemen Oil Field
Monday, March 31, 2014 Total resumes operations at Yemen's Block 10 oil field after it was shut due to strike action by workers this month.

Lukoil Launches Production at West Qurna-2
Sunday, March 30, 2014 Russia's Lukoil officially launches production at Iraq's West Qurna-2 oilfield one of the largest oilfields in the world.

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