Field Development News

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BHP Awards McDermott FPU Contract
Tuesday, March 31, 2020 The Trion field is located approximately 112 miles offshore Mexico just south of the U.S./Mexico border.

Johan Sverdrup to Reach Plateau Production Early
Tuesday, March 31, 2020 Previously, plateau production was expected to be reached during the summer.

Covid-19 Delays Cambo Project
Monday, March 30, 2020 Siccar Point and its joint venture partner, Shell UK, have announced the deferral of the planned sanction date for the Cambo project to 2021.

Oil Braces for Biggest Idling of Wells Since 1986
Friday, March 27, 2020 Oil prices at the well-head are collapsing under the weight of an unprecedented glut.

Can the North Sea Survive the Oil Price Crash?
Tuesday, March 24, 2020 Can the North Sea survive the latest price crash?

Frac Tracker Sees Plunging Spread Count
Friday, March 20, 2020 Could the number of frac fleets in US shale basins drop by nearly one-third over the next six months?

Gulf of Mexico Lease Sale 254 Attracts $93MM in High Bids
Thursday, March 19, 2020 Chevron, Shell Offshore and BP had the highest numbers in terms of total bids.

Oil Crash Is Double-Edged Sword for LNG
Friday, March 13, 2020 Oil's rout may have been an unexpected boon for the biggest buyers of liquefied natural gas, but its knock-on effects may come back to bite.

Offshore Cameroon Contract Goes to TechnipFMC
Thursday, March 05, 2020 TechnipFMC has won the lead FEED contract for the proposed shallow-water Etinde gas condensate field development.

Shell, Exxon Team up on Offshore Exploration in Somalia
Thursday, March 05, 2020 Somalia has reached an initial roadmap with a Shell and ExxonMobil joint venture on offshore exploration.

ConocoPhillips Awards Barossa Contracts to NOV and Aker
Wednesday, March 04, 2020 The Barossa field development will extend the Darwin LNG export facility's service life.

Latest Gamble by Souki Hits the Skids
Tuesday, March 03, 2020 Over the course of his colorful career, Charif Souki has been an investment banker, a restaurateur, a wildcatter and now a U.S. natural gas export pioneer.

Spirit Sells 2 Danish Assets to Ineos
Tuesday, March 03, 2020 Spirit Energy has signed an agreement to divest two 'non-core' Danish assets to Ineos.

Eni Sees Oil Peak Just 6 Years Away
Friday, February 28, 2020 Eni SpA predicted its oil and gas output will top out within six years as it announced a more ambitious climate plan.

Lonestar Resources Enters Eagle Ford JV
Friday, February 28, 2020 The partnership increases Lonestar's inventory of gross drilling locations by roughly 50 percent in the Hawkeye area.

Apache Ditches Alpine High After $3B Writedown
Thursday, February 27, 2020 The company posted a roughly $3B writedown on its Alpine High project, a find from 2016 that fizzled when it turned out to hold more gas than oil.

Worley Wins Mozambique Contracts from Total
Tuesday, February 25, 2020 Worley marks the latest chapter in its 10-year involvement with the project.

NPD Gives Skogul Go-Ahead
Monday, February 24, 2020 The Norwegian Petroleum Directorate has granted its consent for the start-up of the Skogul field in the North Sea.

Aramco Gets Jafurah Approval
Monday, February 24, 2020 Saudi Aramco has announced regulatory approval of the development of the Jafurah unconventional gas field in the Eastern Province.

Onshore Timor-Leste Campaign Would Be Country's First
Friday, February 21, 2020 Australia-based junior explorer Timor Resources is one step closer to making history in the young country of Timor-Leste, which became a sovereign state only 18 years ago.

Texas Oil Production Expected to Rise Monthly in 2020
Thursday, February 20, 2020 However, the pace of the growth is set to decelerate naturally over the next few months, according to a Rystad Energy analysis.

North Sea Downtime Cut by 19 Percent
Tuesday, February 18, 2020 North Sea oilfield operators have reduced the frequency of downtime by 19.2 per cent in the year to September 2019, according to the Glacier Production Index.

Petrofac Bags $1.6B Contracts for Mega Project
Tuesday, February 18, 2020 Petrofac Emirates has been awarded two contracts by Abu Dhabi National Oil Company worth a total of around $1.65 billion.

Deepwater Peru Well is a Dry Hole
Tuesday, February 18, 2020 The Karoon-operated Marina-1 exploration well will be plugged and abandoned.

Oil to Flow Again from Saudi-Kuwait Neutral Zone
Friday, February 14, 2020 Kuwait and Saudi Arabia will resume oil production from their shared fields this month, more than five years after a dispute halted supply.

Frontera Reports Colombia Exploration Success
Tuesday, February 11, 2020 Results from the La Belleza-1 well on the VIM-1 block are very encouraging.

OGA Launches Mediation Pilot for License Disputes
Monday, February 10, 2020 The UK's Oil and Gas Authority has launched a year-long UK Continental Shelf mediation pilot.

Ecopetrol, Shell Team Up in Deepwater JV
Monday, February 10, 2020 Shell plans to drill an appraisal well in the area by the end of 2021.

Majors Bring West of Shetland Field Online
Thursday, February 06, 2020 BP and Shell have brought the west of Shetland Alligin field online.

Offshore Guyana Block Estimate Gets Upsized
Tuesday, February 04, 2020 A co-venturer in the Orinduik Block offshore Guyana on Monday reported a 29-percent increase in the license’s estimated gross prospective resources.

RockRose to Buy North Sea Cotton Gas Field
Tuesday, February 04, 2020 RockRose has signed an agreement to acquire 100 percent of the equity of Speedwell Energy (1) Limited, which holds a 100 percent interest in the Cotton gas field in the UK sector of the Southern North Sea.

Top Rigzone Articles Roundup
Friday, January 31, 2020 Here's a roundup of Rigzone's top five most popular articles during the last couple of weeks, in order, just in case you missed them...

Operators Will Keep Pushing for Faster Returns
Wednesday, January 29, 2020 Oil and gas operators globally will continue to push for faster returns with shorter cycle investments as the industry moves away from giant developments, according to GlobalData.

Hurricane Baffled by Share Price Drop
Wednesday, January 29, 2020 Hurricane is not aware of any subsurface, operational or commercial reasons that would have caused the recent weakness in the company's share price.

Exxon at 10-Year Low
Tuesday, January 28, 2020 It's almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.

Total Awards GOM North Platte Contract
Thursday, January 23, 2020 Total E&P USA has awarded Worley the FEED contract for its North Platte field development in the Gulf of Mexico.

Focus Projects Strained McDermott Finances
Thursday, January 23, 2020 'Focus projects', namely Freeport and Cameron LNG, significantly strained McDermott's finances.

Kuwait to Resume Oil Output in Area Shared With Saudis
Wednesday, January 22, 2020 Khafji was shut down in 2014 after a spat between the neighbors.

Oil Slides on Plentiful Supply
Tuesday, January 21, 2020 Oil fell below $65 a barrel as ample global supplies offset the loss of exports from Libya.

SNC-Lavalin Wins UAE Haliba Field Contract
Monday, January 20, 2020 Execs from the Al Dhafra joint venture commemorate first oil from the Haliba field in this ADNOC photo from July 2019. PHOTO SOURCE: ADNOC

Libya Oil Production Plunges
Monday, January 20, 2020 Libya's eastern warlord kept virtually all of the nation's oil fields shut in a show of defiance after world leaders failed to persuade him to sign a peace deal.

Tullow to Take $1.5B Charge
Wednesday, January 15, 2020 Tullow Oil expects to take a charge of $1.5 billion when it reports 2019 results.

New Offshore Investment Cycle in the Making
Wednesday, January 15, 2020 Telltale signs have emerged that we are entering a new offshore investment cycle, according to Rystad Energy.

Lekoil Sinks After Falling Victim to Alleged Scam
Tuesday, January 14, 2020 Lekoil sank to a record low in London trading after falling victim to an alleged scam.

CNOOC Budgets Capex of Up To $13.7B in 2020
Tuesday, January 14, 2020 CNOOC Limited's total capital expenditure for 2020 is budgeted at $12.31 billion to $13.76 billion, the company has revealed.

Norway Arctic Oil Vision Suffers Another Blow
Monday, January 13, 2020 Norway's vision of establishing a new major oil province off its northern tip has suffered another blow.

SIA Bags Very Large Sangomar Contract
Monday, January 13, 2020 Subsea 7 has announced the award of a 'very large contract' by Woodside to Subsea Integration Alliance for the Sangomar Field Development Phase-1 project offshore Senegal.

Energy Hedge Fund Is Bullish on Canada
Friday, January 10, 2020 After big wins shorting U.S. shale companies last year, one energy hedge fund is turning its sights on the beaten-down Canadian oil sector.

Providence Resources Appoints New CEO
Friday, January 10, 2020 Providence Resources announces that Alan Linn has been appointed chief executive officer of the company with immediate effect.

2020 Will Be Noteworthy for North Sea
Friday, January 10, 2020 This year will be noteworthy for the North Sea, according to Wood Mackenzie.