News Topics: Field Development
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Kazakhstan Sues Foreign Oil Majors over Flailing Kashagan
Friday, March 07, 2014 Kazakhstan sues oil majors developing its giant Kashagan oilfield in the Caspian Sea after repeated delays at the project.
BSP Awards T&I Contract to McDermott's Unit for Offshore Brunei Project
Friday, March 07, 2014 Brunei Shell Petroleum awards a transportation and installation contract for the Champion Waterflood B2/3 project offshore Brunei to a McDermott International's subsidiary.
BP, Inpex Projects in Indonesia Awaits Government Approval
Thursday, March 06, 2014 BP expects approval for environmental study for the Tangguh LNG expansion project in West Papua, Indonesia soon, while the government studies a request by Inpex to extend the contract for Masela block in the Arafura Sea.
Petrobras Touts Record Production at GOM Cascade, Chinook Fields
Thursday, March 06, 2014 Petrobras announces record-levels of production at Cascade and Chinook fields.
Technip Wins Subsea Deal for Jangkrik Project in the Muara Bakau PSC
Thursday, March 06, 2014 Technip wins a subsea deal, worth up to $1.37 billion, from Eni for the Jangkrik project in the Muara Bakau Production Sharing Contract off Makassar Strait, Indonesia.
Exxon Expects Flat Output In 2014, Spending To Drop 6%
Wednesday, March 05, 2014 ExxonMobil expects oil and natural gas production to be flat this year as overall spending falls 6% to about $39.8 billion.
China's CNPC to Open Six Business Areas to Private Investors
Wednesday, March 05, 2014 China National Petroleum Corporation plans to open six business areas to private investors, its chairman says, two weeks after peer Sinopec Corp opened up its retail oil business to non-state partners.
Portugal's Galp Ups Investment Plan to Support Output Growth
Tuesday, March 04, 2014 Portugal's Galp Energia raises its capital spending target for the next three-to-four years to support ambitious production growth plans in Brazil and Africa.
Senex to Supply Gas from Hornet Field in Cooper-Eromanga Basin to SACB JV
Tuesday, March 04, 2014 Senex Energy inks agreement to supply gas from Hornet field in the Cooper-Eromanga Basin to the South Australian Cooper Basin Joint Venture.
InterMoor Wraps Up Decommissioning Ops in GOM Gomez Field
Monday, March 03, 2014 InterMoor successfully completes decommissioning operations of the Innovator platform in Gomez field, Mississippi Canyon Block 711, Gulf of Mexico.
RH Petrogas Expects Fuyu 1 Block Development Plan Approval in 1H 2014
Monday, March 03, 2014 RH Petrogas indicates that approval for the development plan of Fuyu 1 Block in Songliao Basin, Jilin, China is expected in the first half of 2014.
Statoil's Zafarani Field Test Successful
Monday, March 03, 2014 Statoil reports that its Zafarani gas reservoir on Block 2, offshore Tanzania, has been successfully tested.
Sea Truck Clinches Flotel Services Contract for Ichthys LNG Project
Friday, February 28, 2014 Sea Trucks clinches a contract to provide flotel services to Inpex Operations Australia for the Ichthys liquefied natural gas project in the Browse Basin, Western Australia.
Russia's Gazprom Neft Says Reserves Growth Outstrips Production
Thursday, February 27, 2014 Gazprom Neft says its proven hydrocarbon reserves rose 12 percent last year to reach 9.8 billion barrels.
SNH: Cameroon Oil Production to Pass 82,000 Bopd in 2014
Thursday, February 27, 2014 A 25% increase in oil production this year will take Cameroon's daily output to just over 82,000 barrels of oil per day.
Premier's Solan Project on Track to Deliver 1st Oil in 4Q 2014
Thursday, February 27, 2014 Reporting its results for 2013, Premier Oil says its 40,000-boepd Solan project in the North Sea, West of Shetland, remains on track to deliver first oil in the fourth quarter of 2014.
Strike Energy to Supply Gas to Austral Bricks from SCB Gas Project
Thursday, February 27, 2014 Strike Energy signs a gas supply option agreement with Austral Bricks, with the deal facilitating rapid commercialization of the Southern Cooper Basin Gas Project in South Australia.
UGL-Kentz JV's $640M Deal for Ichthys Project Creates 900 Construction Jobs
Thursday, February 27, 2014 The UGL Kentz joint venture bags a $640 million contract for structural, mechanical and piping construction for the Ichthys project onshore liquefied natural gas facilities in Darwin, Australia.
Heritage Increases Production from OML 30 Onshore Nigeria
Wednesday, February 26, 2014 Heritage Oil increases production at its OML 30 concession, onshore Nigeria, by 17% compared to the last quarter of 2013.
Central Petroleum Gets License for Surprise Oil Development in Australia
Wednesday, February 26, 2014 Central Petroleum receives production license #6 for the development of Surprise oil field in Amadeus Basin, Northern Territory, Australia.
Chevron's Plan to Develop Cambodia's Offshore Block A Delayed by Tax Talks
Wednesday, February 26, 2014 Chevron's plan to develop Cambodia's offshore Block A in the Gulf of Thailand has been delayed due to an impasse in negotiations on taxation, according to a senior government official.
Tap Oil Provides Contingent Resource Assessment for Permit WA-49-R off WA
Wednesday, February 26, 2014 Tap Oil provides a contingent resource assessment for WA-49-R retention lease in the offshore Carnarvon Basin, Western Australia.
Eni Awards $1.1B Jangkrik FPU EPCI Deal to Chiyoda-Saipem-Tripatra-HHI JV
Tuesday, February 25, 2014 Eni Muara Bakau awards the consortium comprising Chiyoda, Saipem, Tripatra and Hyundai Heavy Industries a $1.1 billion engineering, procurement, construction and installation contract for the Jangkrik project in Indonesia.
Monadelphous Bags $608M Construction Contract for Ichthys LNG Project
Monday, February 24, 2014 Monadelphous bags a $608 million construction contract for mechanical works at the Ichthys Project Onshore LNG Facilities in Darwin, Australia.
Shell Australia FLNG Project Takes Shape
Thursday, February 20, 2014 The Prelude FLNG facility being developed by Shell Australia is making a positive impression on those involved with the project.
Apache To Start Production At New Australian Oilfield By End 2Q
Wednesday, February 19, 2014 Apache expects to start production at a new oilfield offshore northwest Australia by the end of the second quarter, a company spokesman says.
OMV Sees Rosebank Decision With Chevron In 2015
Wednesday, February 19, 2014 OMV says it was working with partner Chevron to reduce the costs of their North Sea Rosebank oil and gas project and hoped to reach a final investment decision in 2015.
Ramba Prepares to Draft Plan of Development for Lemang PSC in Sumatra
Tuesday, February 18, 2014 Ramba Energy prepares to draft a plan of development for the Lemang production sharing contract in south Sumatra, Indonesia.
Venezuela Renames Top Oil Reserve After Hugo Chavez
Tuesday, February 18, 2014 Venezuela renames its largest crude reserve, traditionally known as the Orinoco Belt, after the country's late socialist leader.
Devon to Drill 8 Wells on a Single Unit in Oklahoma
Monday, February 17, 2014 Magnolia Petroleum reports that its partner, Devon Energy, will drill eight wells on a single spacing unit in Oklahoma in order to maximise recovery of reserves from the Mississippi Lime and Woodford formations.
FMC Bags $720M Subsea Systems Contract for Jangkrik Project off Kalimantan
Friday, February 14, 2014 FMC Technologies bags $720 million contract to provide subsea systems for the Jangkrik project in the Muara Bakau production sharing contract off East Kalimantan, Indonesia.
Aasta Hansteen Development to Provide 200 Jobs
Friday, February 14, 2014 Statoil's Aasta Hansteen project, currently under development, is set to create 200 jobs in the Norwegian sector of the North Sea.
Apache's 4Q Profit Misses Estimates As Output Down Sharply
Thursday, February 13, 2014 Apache reports a bigger-than-expected decline in 4Q profit as its output fell sharply on asset sales and a frigid winter in the United States.
Azeri BP-Operated Oil Output Down, Gas Up In 2013
Thursday, February 13, 2014 Output at BP-led oilfields in Azerbaijan fell 2.2% in 2013 while gas output from the Shah Deniz field rose, BP-Azerbaijan says.
Petronas Proceeds with PFLNG 2 Project, Awards EPCIC Deal to JGC-SHI JV
Thursday, February 13, 2014 Petronas proceeds with plans for a second floating liquefied natural gas facility to be located off Sabah, Malaysia and awards the EPCIC contract to the JGC-Samsung consortium.
Statoil's Giant Sverdrup Field to Cost Less than Expected
Thursday, February 13, 2014 Statoil says the North Sea's Johan Sverdrup oilfield will produce more at its peak than earlier thought.
Sources: Malaysia Delays Crude Exports Start From Sabah Terminal by Months
Wednesday, February 12, 2014 Malaysian state firm Petronas postpones the start of crude exports from an oil and gas production facility in Sabah by at least three months due to a technical issue, industry sources say.
Tullow Sees Major Development Progress in Africa
Wednesday, February 12, 2014 Tullow Oil reports that it added 222 million barrels in contingent resources in 2013 and that it has recently opened a new oil play in Late Cretaceous turbidites offshore Mauritania.
San Leon to Develop Polish Shale Gas Field with Baker Hughes
Wednesday, February 12, 2014 UK junior explorer San Leon teams up with Baker Hughes to jointly develop Poland's Skiekierki shale gas field.
Indonesia Appoints Winners in $4B Jangrik Gas Projects
Tuesday, February 11, 2014 Indonesia's SKKMigas appoints firms for the development of Jangrik and North East Jangrik offshore gas and condensate fields, heralding the country's first deepwater gas project.
Kea Expects to Complete Farm Out of Puka Discovery Soon
Tuesday, February 11, 2014 New Zealand-focused Kea Petroleum expects to complete a staged farm out of its interest in its Puka discovery during the first quarter of 2014.
FPSO Armada Claire to Head for Balnaves Oil Field off NW Australia
Monday, February 10, 2014 Keppel Shipyard holds a sail away ceremony for the Armada Claire floating production, storage and offloading facility at its Tuas yard in Singapore.
Deltamarin Signs $4.9M Basic Design Contract for Kraken FPSO
Monday, February 10, 2014 Deltamarin signs a $4.9 million contract with Bumi Armada for basic design of a floating production, storage and offloading unit for the Kraken oil field in the North Sea.
Europa Production In Line with Expectations
Monday, February 10, 2014 UK junior Europa Oil & Gas reports that production during its first half was in line with expectations.
Magnolia Expects Strong Production Growth amid More Drilling
Friday, February 07, 2014 Onshore US-focused junior Magnolia Petroleum expects strong production growth this year amid a large number of proposals from operators to drill increased-density wells across its portfolio.
AWE Releases Independent Resource Estimate for Perth Basin Assets
Thursday, February 06, 2014 AWE reports that four of its exploration permits in Western Australia's Perth Basin contained an estimated gross unconventional prospective gas and natural gas liquid resources of 11.1 trillion cubic feet and 31 million barrels, respectively.
Russia's Lukoil Says Fully Replaced Reserves in 2013
Thursday, February 06, 2014 Lukoil's newly-found reserves outstripped production volumes in 2013.
Pacific Rubiales Eyes 25% Jump In Its Colombian Crude Output
Thursday, February 06, 2014 Pacific Rubiales expects to pump between 15 to 25% more oil in Colombia in 2014, with output boosted by the acquisition last year of former rival Petrominerales Ltd.
Regal Completes and Hooks Up SV-59 Well Onshore Ukraine
Thursday, February 06, 2014 Regal Petroleum completes drilling operations on its SV-59 well on its Svyrydivske field in Ukraine and hooks it up to the firm's gas processing facility.
TH Heavy Engineering Lands Topside Deal for Kinabalu NAG Project off Sabah
Thursday, February 06, 2014 TH Heavy Engineering receives a letter of award from Petronas Carigali for supply of a topside for the Kinabalu Non-Associated Gas Development Project off Sabah, Malaysia.
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