Field Development News


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ADNOC Invests $1.4B in Bu Hasa Field
Wednesday, November 14, 2018 ADNOC announces a $1.4 billion investment to upgrade and expand its Bu Hasa field.

Welcome to a Renter's World
Friday, November 09, 2018 One trend that emerged from the latest downturn this looks set to last: the traditional customer's conversion to a leasing model.

Sub-Saharan Africa Capex Could Hit $24B in 2019
Friday, November 09, 2018 CAPEX among Sub-Saharan Africa national oil companies and SSA-focused international oil and gas companies is set to register a 13.1% growth in 2019.

Exxon's $2B Canada Move Shows Confidence
Thursday, November 08, 2018 Almost 2 years after Exxon Mobil removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil unit is investing again.

UKCS Reserves Could Sustain Output for 20+ Years
Thursday, November 08, 2018 The OGA's estimate for proven and probable (2P) UKCS reserves, as at end 2017, is 5.4 billion barrels of oil equivalent.

Permian Best Place to be in Shale Oil Business
Wednesday, November 07, 2018 The Permian Basin continues to be the best place to be in the shale oil business, according to Timothy L. Dove, president and CEO of Pioneer Natural Resources.

Leviathan Project 67% Complete
Friday, November 02, 2018 Construction of the Leviathan project is 67% complete, with anticipated first gas sales on schedule by the end of 2019.

Sunday Midnight Will Mark Dividing Line in Oil World
Friday, November 02, 2018 Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government.

Norwegian Firm Wins $100MM Johan Sverdrup Work
Wednesday, October 31, 2018 Kvaerner signs a contract worth approximately $107 million with Equinor.

Vaca Muerta Shale Output Projection Revised
Friday, October 26, 2018 YPF SA will produce more oil and gas than originally planned over the next five years as shale output from the Vaca Muerta formation picks up, according to the Argentine producer's top two executives.

Total Finds Congo Pleasant Surprise
Friday, October 26, 2018 Total's oil production in the Republic of Congo has exceeded expectations, a company official said.

Plan Submitted for 2014's Largest Oil Find
Thursday, October 25, 2018 The development and exploitation plan for the SNE field offshore Senegal has been submitted on schedule to the government.

More UK FIDs Before End of Year?
Tuesday, October 23, 2018 There could be 2 more UK final investment decisions before the year is over, Sillimanite and Columbus.

Green Light for North Sea Alligin Field
Monday, October 22, 2018 BP receives approval from the UK's Oil and Gas Authority to proceed with the Alligin development west of Shetland.

Onshore UK Portland Field Dubbed Commercially Viable
Friday, October 19, 2018 Horse Hill Developments, a UKOG subsidiary, considers the Portland oil field to be commercially viable, UKOG has revealed.

BP Thunder Horse Expansion in Gulf of Mexico Starts Early
Thursday, October 18, 2018 BP starts up its Thunder Horse Northwest Expansion in deepwater Gulf of Mexico months ahead of schedule.

Equinor Sells Tommeliten Discovery Stake
Thursday, October 18, 2018 Equinor signs an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf for a total of $220 million.

Near Term Future of Saudi Oil Sector Examined
Wednesday, October 17, 2018 Analysts from Verisk Maplecroft and EY comment on the near-term future of Saudi Arabia's oil and gas sector.

APAC Oil and Gas Sector Set to Rebound
Monday, October 15, 2018 APAC's oil and gas sector looks set to rebound over the next 12 months, according to Wood Mackenzie.

Up to 6 More UK North Sea FIDs in 2018
Thursday, October 11, 2018 Up to 6 more final investment decisions can be expected within the UK North Sea this year, according to Wood Mackenzie.

FID Taken on UK North Sea Field
Wednesday, October 10, 2018 A final investment decision has been made to develop the UK central North Sea Arran field.

Norwegian Sea Gift Keeps on Giving
Friday, October 05, 2018 In production since 1997, the Equinor-operated Norne oil field in the Norwegian Sea just got a major boost in its recoverable reserves estimate.

Equinor Rosebank Deal Good for UK Upstream
Wednesday, October 03, 2018 Equinor's deal to purchase Chevron's stake in the Rosebank project is good for the project, the other partners in the project and the UK upstream sector, according to Wood Mackenzie.

Senegal SNE Field on Track for First Oil
Tuesday, October 02, 2018 Senegal's deepwater SNE field is on track for first oil in 2022, Fitch Solutions Macro Research states in a new report.

PDO for $1.2B Nova Project Gets Green Light
Monday, October 01, 2018 Wintershall Norge reveals that the plan for development and operation for the Nova project has been approved by Norway's Ministry of Petroleum and Energy.

Mexico Oil Auction Winners Stay Positive
Friday, September 28, 2018 BHP Billiton and DEA Deutsche Erdoel are hopeful that the slowdown in bid rounds is a feature of Mexico's political transition and won't be permanent.

Shell's LNG Canada Sprints Ahead
Friday, September 28, 2018 The multi-billion dollar development moves one step closer to a final approval.

Frac Sand Market Faces Supply Chain Disruption
Tuesday, September 25, 2018 The US frac sand market could approach $6 billion by 2023. SOURCE: Black Mountain Sand

Byron Energy Expands Footprint in Gulf of Mexico
Monday, September 24, 2018 The company has been notified by the BOEM that its bids for three GoM blocks were accepted.

Lancaster EPS Subsea Installation Completed
Thursday, September 13, 2018 Hurricane Energy says the installation of subsea umbilical, risers and flowlines for the Lancaster Early Production System has been 'successfully completed'.

Gazprom Neft Joins Forces with CNPC to Develop EOR Tech
Thursday, September 13, 2018 Gazprom Neft announces that it has joined forces with China National Petroleum Corporation to develop enhanced oil recovery technologies.

Neptune Field in Russia Sees 1.6-Fold Reserves Increase
Tuesday, September 11, 2018 Russia's Federal Agency for Mineral Resources has confirmed hydrocarbon reserves at Gazprom Neft's Neptune field at 415.8 million tons of oil, the company announces Tuesday.

Oceaneering Sees Reason for More Offshore Confidence
Monday, September 10, 2018 Oceaneering and Subsea 7 will supply an umbilical and flying leads for Shell's deepwater Vito development.

Gulf Keystone To Resume Spending To Boost Shaikan Oil Output
Monday, September 10, 2018 Gulf Keystone Petroleum is resuming spending on the Shaikan oilfield in the Iraqi region of Kurdistan.

Zohr Field Now Producing 2 Bcf Per Day
Monday, September 10, 2018 Eni announces that the Zohr field offshore Egypt is now producing 2 billion cubic feet per day.

Serica Agrees with BP to Extend Completion Timetable for BKR Transaction
Friday, September 07, 2018 Serica Energy agrees with BP to extend the completion timetable for the BKR transaction to early November.

Union Strike Halts Rigs At Ecopetrol Oilfield, Production Unaffected
Thursday, September 06, 2018 A 24-hour strike has stopped oil rigs and affected well maintenance at Ecopetrol's La Cira-Infantas oilfield, Ecopetrol and the USO union say.

Lukoil Taps SNC-Lavalin for Iraq Contract
Thursday, September 06, 2018 West Qurna Phase 2 comprises three main phases: two for the Misrif formation and one for the Yamama formation.

Aker Energy To Submit Plan For Ghana Offshore Field In 2019
Thursday, August 30, 2018 Aker Energy will delay submitting a plan for development of its block off Ghana.

Wood Study Explores Modular Options for Hammerfest LNG
Wednesday, August 29, 2018 Hammerfest LNG can produce 4.3 million tons per annum of LNG sourced from the 'Snow White' field in the Barents Sea.

Equinor Explores Floating Wind Turbines To Power N. Sea Oilfields
Tuesday, August 28, 2018 Equinor is considering whether to build a pioneering offshore wind farm with floating turbines to supply electricity to 2 North Sea oilfields.

Report Envisions 30,000 New Offshore Brazil Jobs
Tuesday, August 28, 2018 Wood Mackenzie contends that Brazil's mature Campos basin oil fields could produce an extra 230,000 boepd with the right investment.

Lundin Petroleum Raises Size Of Norway's Rolvsnes Oil Discovery
Monday, August 27, 2018 The Rolvsnes oil and gas discovery in Norway's North Sea is almost five times as large as initially thought.

South Sudan Resumes Pumping 20,000 Bpd From Oilfield Suspended Since 2013
Monday, August 27, 2018 South Sudan has resumed pumping 20,000 barrels per day (bpd) of crude from the Toma South oilfield.

Equinor, Partners to Develop Next Phase of Johan Sverdrup
Monday, August 27, 2018 Equinor and partners submit the development plan for the second phase of the Johan Sverdrup project.

Big Oil's Exit Turns into Revival for Norway
Monday, August 27, 2018 The turnaround shows how the changing make-up of Norway's oil industry is putting assets in the hands of new companies willing to invest billions of dollars.

Talks Between Total, North Sea Oil Workers Collapse, Strikes To Go Ahead
Thursday, August 23, 2018 Talks between Total and workers on three of its North Sea oil and gas platforms broke down on Thursday

CNOOC Posts Best Half-Year Profit Since 2015, Domestic Oil Output Drops
Thursday, August 23, 2018 CNOOC says its profits climbed 57% year-on-year in the first half of 2018, boosted by higher crude prices and robust gas sales.

Britain's Premier Oil To Lift Peak Output At Catcher Field
Thursday, August 23, 2018 Premier Oil is set to raise stable peak production at its Catcher field in Britain's North Sea.

Sverdrup Was Norway's Lifeline during Oil Crash
Thursday, August 23, 2018 While Norway's oil-service companies had to slash their fees, Sverdrup's timing also proved a godsend for them.