Field Development News

Results 50 articles shown

Malaysia Subsea Tieback Contract Goes to JDR
Thursday, January 21, 2021UMD Energy has awarded JDR a contract to manufacture and supply a subsea production umbilical. PHOTO SOURCE: JDR

Chevron Partners in Israel to Egypt Pipeline
Tuesday, January 19, 2021Chevron and other companies helping to develop Israel's natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt.

ENOG Takes Karish North FID
Friday, January 15, 2021Energean plc (LSE: ENOG) has announced that it has taken a Final Investment Decision on the Karish North gas development, offshore Israel.

BP Awards FPSO Training Contract
Thursday, January 14, 2021Survivex will train BP personnel in safety-critical operating procedures and processes for its GTA FPSO and hub facilities. PHOTO SOURCE: Survivex

Halliburton Claims Electric Frac First
Thursday, January 14, 2021This photo shows an electric frac job underway at a Cimarex Energy well pad in the Permian Basin of West Texas. PHOTO SOURCE: Halliburton

McDermott Completes Offshore India Project
Tuesday, January 12, 2021McDermott International Ltd has announced that it has completed the KG-D6 R Cluster subsea field development project off the east coast of India for Reliance Industries Ltd.

Petrobras Sets Production Record
Friday, January 08, 2021The Brazilian state-run giant reported Thursday an all-time high for oil production.

McDermott Wins Offshore Middle East Contract
Thursday, January 07, 2021Qatargas has awarded McDermott International Ltd an offshore engineering contract for its North Field South (NFS) project.

Shale CEOs Urge Production Restraint
Thursday, January 07, 2021The new boss of Devon Energy said he won't let this week's rally in oil prices tempt him to return to the days of rampant production growth at any cost.

Eni Unit Extends Africa FPSO Contract
Tuesday, January 05, 2021Nigerian Agip Exploration has extended its contract for the Abo FPSO, pictured above. PHOTO SOURCE: BW Offshore

$7B Russian Loan Secures Trafigura Stake in Arctic Oil Project
Tuesday, January 05, 2021Rosneft's CEO has said the project could product 1 million barrels of oil per day by 2027.

Eni Announces Mahani Field Start Up
Monday, January 04, 2021Eni (NYSE: E) has announced production start up from the Mahani field, which is located in the Sharjah Emirate's onshore concession area B.

Canada Gov Supports Hibernia Project
Monday, December 28, 2020The Premier of Newfoundland and Labrador, Andrew Furey, has announced financial support for the Hibernia Project.

Equinor Announces $343MM North Sea Field Investment
Wednesday, December 23, 2020Equinor (NYSE: EQNR) has announced that it and its license partners have decided to invest $343 million (NOK 3 billion) in the North Sea Statfjord Ost field to improve recovery.

North Dakota Sees Stalled Oil Output Growth Until 2022
Tuesday, December 15, 2020Home to the Bakken Shale formation, the state does not anticipate any sustained production growth before the second half of 2022.

Vietnam Gas Supply Crunch Hinges on Geopolitical Interference
Monday, December 14, 2020The development of an LNG-to-power plant near Ho Chi Minh City, above, follows in the footsteps of others investing in the sector in Vietnam.

Aker Signs Equinor Subsea Deal
Monday, December 14, 2020Aker Solutions (FRA: 1AKA) has signed a letter of intent with Equinor (NYSE: EQNR) for the delivery of a subsea production system to the Kristin Sor oil and gas satellite fields in the North Sea.

BHP Awards Semisub FPU Contract
Friday, December 11, 2020McDermott will perform the pre-FEED extension phase for a semisub FPU for BHP.

Oil Edges Higher After Iraqi Field Attacked
Wednesday, December 09, 2020Oil edged higher after Iraqi militants attacked two wells in the Kirkuk area, reversing an earlier loss driven by a jump in U.S. fuel stockpiles.

Maersk Drilling Wins North Sea Contract
Tuesday, December 08, 2020OMV (Norge) AS has awarded a one-well contract for the Maersk Integrator. PHOTO SOURCE: Maersk Drilling

OGA Launches Energy Hub Study
Friday, December 04, 2020The OGA has started work to identify the value the establishment of an energy hub at Bacton could lead to by hiring Progressive Energy to conduct an in-depth feasibility study.

Chevron Earmarks $2B for Permian in 2021
Thursday, December 03, 2020Chevron announced a $14 billion capital and exploratory budget for next year.

Report Pegs Delaware Basin Drilling Cost at $33
Thursday, December 03, 2020The oil price needed to profitably drill a shale well has fallen by almost a fifth since last year, but that may not be enough to revive production, according to a new report.

Schlumberger Unit and ABB Finish Pioneering Test
Wednesday, December 02, 2020ABB and OneSubsea team members monitor progress on the VSD and compressor submerged string test. PHOTO SOURCE: ABB

MODEC Selects Asset Management Firm for Brazil FPSO Project
Thursday, November 26, 2020ARMS Reliability will assist with developing the Bacalhau FPSO Asset Maintenance Management Philosophy. PHOTO SOURCE: ARMS Reliability

BP to Invest More in Middle East Oil Fields
Thursday, November 26, 2020BP Plc said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions.

Aker Bags Equinor Deal
Monday, November 23, 2020Aker Solutions has won a framework agreement with Equinor (NYSE: EQNR) to provide maintenance and modifications services at the Peregrino field, offshore Brazil.

NOV and NexTier to Test Electric Frac Prototype
Thursday, November 19, 2020The companies will jointly field-test a prototype of NOV's electric fracturing system.

Offshore Ireland Decom Campaign Starts for Petronas Unit
Wednesday, November 18, 2020AGR has begun decommissioning operations of Ireland's first indigenous gas wells for PETRONAS subsidiary PSE Kinsale Energy.

Johan Sverdrup Increasing Production Capacity
Wednesday, November 18, 2020The Johan Sverdrup field is increasing its daily production capacity to around 500,000 barrels of oil by the end of the year.

CGG Nets Large Scale Deals
Tuesday, November 17, 2020CGG has announced that Subsurface Imaging, part of its geoscience division, has been awarded two 'large-scale' complex seismic reprocessing contracts by PTTEP.

Karish Development 85 Percent Complete
Tuesday, November 17, 2020Energean's (LSE: ENOG) Karish project in Israel is now 85 percent complete, the company has revealed in a statement posted on its website.

Saipem to Proceed with Offshore Guyana Work
Wednesday, November 11, 2020The above photo shows the Saipem Constellation pipelay, heavy lift and construction vessel. PHOTO SOURCE: Saipem.

ENOG Sees Reserves Increase at Israeli Assets
Tuesday, November 10, 2020Energean plc (LSE: ENOG) has announced a 'significant' 2P reserves increase at its Israeli assets.

McDermott Wins Australia Field Development Contract
Tuesday, November 10, 2020The Ichthys central processing facility. PHOTO SOURCE: McDermott

$455MM in Brazil Contracts Go to Oilfield Services Trio
Tuesday, November 10, 2020First oil from Bacalhau is projected for 2024. PHOTO SOURCE: Equinor

Karoon Completes $Multimillion Bauna Deal
Monday, November 09, 2020Karoon Energy Ltd has completed the acquisition of a 100 percent operating interest in the Bauna field.

Petrofac Completes Mexico Sale
Wednesday, November 04, 2020Petrofac Limited (LON: PFC) announced Tuesday that the group has completed the sale of its remaining 51 percent interest in its upstream operations in Mexico.

Has the Texas Upstream Slump Bottomed Out?
Wednesday, November 04, 2020The TPI tracks metrics such as price, rig count, drilling permits, well completions and employment.

Who Controls the Permian?
Thursday, October 29, 2020There's been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin's destiny for many years, but who controls the region now?

Austin Chalk Player to Drill Another Well This Year
Wednesday, October 28, 2020This Sept. 12, 2020, photo shows the Chalk Talk ‘B’ #3H well in Gonzales, Texas. PHOTO SOURCE: Business Wire

BP Achieves First Gas from Offshore Egypt Field
Tuesday, October 27, 2020The Qattameya field is tied back to existing Ha’py and Tuart infrastructure. PHOTO SOURCE: BP

LLOG Unveils Spruance Development Plans
Tuesday, October 27, 2020LLOG reported more success at its Spruance discovery in the deepwater Gulf of Mexico.

Pipelay Project Could Be Worth $250MM to TechnipFMC
Sunday, October 25, 2020Here's a review of articles from the past week that caught the attention of Rigzone's downstream audience.

Argentina Unveils $5.1B Subsidy to Lure Shale Drillers
Thursday, October 22, 2020Argentina's cash-strapped government says it can find $5.1 billion to give to natural gas drillers in a bid to resuscitate Vaca Muerta.

Talos Achieves First Oil in Green Canyon Field
Tuesday, October 20, 2020The Bulleit field in the Green Canyon area of the Gulf of Mexico produced first oil last week.

Rystad Makes Grim UKCS Production Prediction
Friday, October 16, 2020Hydrocarbon production will never again exceed two million barrels of oil equivalent per day on the UKCS, according to Rystad Energy.

BOEM Offers 78MM Acres in GOM Lease Sale
Friday, October 16, 2020The Bureau of Ocean Energy Management has announced that it will offer approximately 78 million acres in a Gulf of Mexico lease sale scheduled for November 18.

Libya Oil Output Reaches 500K Bpd
Friday, October 16, 2020Libya's daily oil production has risen to around 500,000 barrels, according to people familiar with the situation.

BP Produces First Gas from Oman Field with OQ and Petronas
Tuesday, October 13, 2020BP reported Monday that it has begun production from the Ghazeer field in the Omani desert ahead of schedule.