Field Development News


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GOM P&A Work Goes to Helix
Wednesday, January 23, 2019 The work will occur at operating depths associated with the Droshky Prospect, Helix stated.

CNOOC Plans to Boost Production to 2021
Wednesday, January 23, 2019 CNOOC Limited revealed Wednesday that it plans to boost production to 2021.

2019 US Oil Output to Average 12MM Barrels Per Day
Wednesday, January 16, 2019 U.S. crude oil production will average 12.1 million barrels per day in 2019, according to the EIA's latest short-term energy outlook.

BP Plans to Drill 6 More Wells in Azerbaijan
Thursday, January 10, 2019 BP and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.

Saudi Arabia Boosts Reserves Ahead of Aramco's IPO
Wednesday, January 09, 2019 Saudi Arabia published the first audit of its vast oil reserves since it nationalized its energy industry about 40 years ago.

BP Okays $1.3B Expansion in Gulf of Mexico
Tuesday, January 08, 2019 The supermajor has given the greenlight to the Atlantis Phase 3 development, which is expected to boost production by 38,000 boepd.

North Sea Oda Field Gets Green Light
Monday, January 07, 2019 Norwegian authorities approve the application for the start up of the Oda field in the Norwegian sector of the North Sea.

Equinor Wraps Up $470MM NCS Sales
Friday, January 04, 2019 Equinor completes the sales of 2 'non-core' discoveries on the Norwegian Continental Shelf for a combined total of almost $500 million.

$123B of Offshore Projects May be Sanctioned in 2019
Friday, January 04, 2019 $123 billion of offshore projects could be sanctioned in 2019 if Brent rebounds to $60 per barrel and further cost reduction efforts are successful on current non-economic projects up for sanctioning.

US Gulf of Mexico On Track for Historic 2019
Thursday, December 20, 2018 Activity booms, first-ever production and key sanctions are some of the factors leading to a grand year for the US Gulf of Mexico, analysts say.

Offshore Egypt Project to Start New Phase
Thursday, December 20, 2018 Saipem and Petrobel have negotiated an offshore contract addendum for the 'Ramp Up to Plateau' phase of the Zohr gas field.

Total to Start Crude Exports From New Field Offshore Nigeria
Thursday, December 20, 2018 Total is poised to start exports of crude from a major new offshore field in Nigeria.

Giant North Sea Discovery Progressing
Wednesday, December 19, 2018 Equinor reveals the latest progress on the Johan Sverdrup project.

Permian's Growth Spurt at Risk of Being Stunted
Wednesday, December 19, 2018 The U.S.'s biggest oil field may be about to pump the brakes if crude keeps plunging.

CNOOC in Cooperation Pact with Majors
Tuesday, December 18, 2018 China National Offshore Oil Corporation signs strategic cooperation agreements with several oil and gas majors.

ExxonMobil and BHP Greenlight Offshore Australia Project
Thursday, December 13, 2018 The project will develop one of the largest remaining sweet gas reservoirs in Australia's Bass Strait through a two-well brownfield tieback.

McDermott and BHGE Join Australia Gas Project
Wednesday, December 12, 2018 McDermott and BHGE have struck a deal with Western Gas to be the exclusive development partners for the Equus Gas Project.

Libya Declares Force Majeure at Largest Field
Monday, December 10, 2018 Libya declared a state of force majeure at its largest oil field after an armed group forced a production halt.

Oil Extends Gain
Monday, December 10, 2018 Oil in London extended gains near $62 a barrel on prospects for a shrinking glut.

Equinor Gets Green Light for Troll Phase 3
Friday, December 07, 2018 The Norwegian ministry of petroleum and energy approves the plan for development and operation for the Troll Phase 3 project.

Apache Brings North Sea Garten Field Online
Wednesday, December 05, 2018 Apache Corporation initiates production from its Garten development in the UK sector of the North Sea.

Offshore Mexico Appraisal Well Spuds
Tuesday, December 04, 2018 The Zama discovery appraisal program will include three penetrations: two wells and one sidetrack.

Offshore Guyana Estimate Gets Another Upgrade
Monday, December 03, 2018 ExxonMobil reports that it made its 10th discovery offshore Guyana.

Pemex Triples Estimate for 'Most Important Onshore Field in 25 Years'
Wednesday, November 28, 2018 Pemex has more than tripled its estimated reserves in its Ixachi field.

ADNOC Adds Wintershall to UAE Mega Project
Tuesday, November 27, 2018 ADNOC and the Abu Dhabi Government add Wintershall to the Ghasha ultra-sour gas mega project.

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.