Permian region natural gas prices fall as production continues to grow
18 July 2018, 1:00pm
The natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown considerably in the past year. Natural gas prices at Waha are nearly a dollar per million British thermal units (MMBtu) lower than Henry Hub prices. This spread widened as the ability to transport the increased natural gas production in the Permian Basin in western Texas and southeastern New Mexico was constrained by existing pipeline capacity.
Read more... (source: www.eia.gov)


BP’s ETAP development marks 20 years of production
18 July 2018, 9:05am
BP’s Eastern Trough Area Project (ETAP) North Sea development celebrated 20 years of production on Wednesday. ...
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Eni wins Most-Admired Explorer title
18 July 2018, 9:01am
Italian oil and gas giant Eni has won Wood Mackenzie's Most-Admired Explorer title, an accolade awarded in conjunction with Wood Mackenzie's industry-leading annual Exploration Survey. This is the... ...
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Equatorial Guinea orders oil firms to cancel deals with CHC Helicopters
18 July 2018, 7:57am
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has ordered petroleum operators to cancel all contracts with CHC Helicopters due to noncompliance with national content regulations. ...
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Equinor gets nod to power Johan Sverdrup from shore
18 July 2018, 7:11am
Equinor has received consent to use a facility to supply power from onshore to the Johan Sverdrup field located off Norway.  ...
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Carnarvon, Quadrant in ‘transformational’ oil find offshore Australia
18 July 2018, 6:59am
Australia's Quadrant Energy and Carnarvon Petroleum have made what they say is a 'significant oil discovery' at its Dorado-1 well drilling campaign offshore Australia. ...
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Wellesley all set for North Sea wildcat
18 July 2018, 6:46am
The Norwegian Petroleum Directorate has granted Wellesley Petroleum a drilling permit for a wildcat well in the North Sea off Norway.   ...
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Petronas awards contract extension to Barakah
18 July 2018, 6:30am
Malaysia-based Barakah Offshore has been awarded a contract extension from the state-owned operator Petronas.  ...
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Kosmos wins dispute with Tullow arising from rig contract
18 July 2018, 6:25am
U.S. oil company Kosmos Energy has won a dispute with Tullow regarding its share of the liability of costs related to the West Leo rig contract beyond October 1, 2016. Kosmos Energy’s... ...
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Equinor granted drilling permit for North Sea well trio
18 July 2018, 6:05am
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for three wells in the North Sea. ...
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Program announced for Offshore Wind Event 2018
18 July 2018, 6:00am
On 22 and 23 October 2018 Offshore Energy Keynote: Offshore Wind Event will be taking place. ...
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Offshore safety body looks at Lundin’s Barents Sea well testing
18 July 2018, 5:23am
The PSA has found improvement points during an audit of Lundin’s extended well testing of well 7220/11-5 S in the Barents Sea. ...
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PG Flow Solutions to supply pump package for Nova tie-back
18 July 2018, 5:06am
Rosenberg WorleyParsons has awarded PG Flow Solutions’ subsidiary Calder Ltd a contract to supply a MEG pump package to the Nova tie-back to Gjøa project. ...
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Australian LNG Exports Hit All-Time High
18 July 2018, 5:00am
Increasing exports to China spiked Australian LNG revenue 38% to an estimated $30.8 billion in 2017-2018, largely driven by Chevron’s new Gorgon and Wheatstone projects surging to 60% of nameplate capacity over the past 12 months. An EnergyQuest report claims that Australian LNG exports soared 18.5% to 59.7 mtpa during the last 12 months with Gorgon and Wheatstone accounting for 41%, or 24.5 mtpa, of shipped cargoes. Higher export volumes in tandem with the spinoff of LNG cruising in the slipstream of soaring oil prices, served to stimulate Australian-derived cargoes and government royalties.
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WoodMac: Global Decom Spend Could Hit $105B Over Next Decade
18 July 2018, 12:00am
Up to $105 billion could be spent on decommissioning worldwide over the next decade, according to a new report from Wood Mackenzie.
Read more... (source: www.rigzone.com)


Analysts: Oil Demand Faces Mounting Risks
18 July 2018, 12:00am
Oil demand faces mounting risks as escalating global trade tensions begin to drag on global trade and economic activity.
Read more... (source: www.rigzone.com)


Here's Why Investors in Oil Don't Care About Crude's Price Drop
18 July 2018, 12:00am
Crude prices are down yet European oil companies are weathering the slump.
Read more... (source: www.rigzone.com)


Oil & Gas UK: Industry Must Hold Firm in 'Relentless' Pursuit of Efficiency
18 July 2018, 12:00am
Preventing production losses and improving efficiency is a 'vital cog' in efforts to maximize economic recovery from the UK Continental Shelf, says Oil & Gas UK.
Read more... (source: www.rigzone.com)


Tullow Oil May Halt Kenyan Oilfield Operations Due To Protest
17 July 2018, 6:16pm
Britain’s Tullow Oil said on July 17 that it might be forced to shut down operations at its northern Kenyan oil fields if it cannot reach a deal to end protests by the local community that have disrupted activities to truck oil from the area. The protests, which began on June 27, interrupted a trucking scheme that aims to transport about 2,000 barrels per day (bbl/d) of crude from northern oil fields to the coast. The pilot scheme was launched in June. The oil is being used to test flow rates and other technical issues before the start of full production and before Kenya starts oil exports via a pipeline to the coast. The pipeline is due to be constructed by 2022. The production area in the Turkana region has long been plagued by banditry and cattle rustling. Turkana also lies near South Sudan, a nation torn by years of conflict.
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Transocean Scoops Up 11-well Contract Offshore Australia
17 July 2018, 6:04pm
Transocean Ltd. (NYSE:RIG) has lined up an 11-well contract for the ultra-deepwater semisubmersible GSF Development Driller I, the company said July 17. Chevron Australia tapped the company for the job, which is set to begin in first-half 2019 offshore Australia. The contract includes four one-well options. The estimated firm contract backlog, excluding integrated services, is about $158 million, Transocean said in the release. The news comes a day after the company said the midwater semisubmersible Transocean 712 was awarded a 13-well contract by ConocoPhillips for work in the U.K. North Sea. Work is scheduled to begin in March 2018. The contract has a one-well option. The estimated firm contract backlog is about $75 million, according to the release.
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Cuadrilla drills second shale-gas well
17 July 2018, 5:02pm
Privately owned Cuadrilla has drilled what it says is the UK’s second horizontal shale-gas well on its prospect at Preston New Road, Lancashire, UK. The well penetrated the Carboniferous Upper Bowland shale at about 2,100 m with a 750-m lateral.
Read more... (source: www.ogj.com)


ConocoPhillips Grows Alaskan Resources; Gears Up For 2019 Campaign
17 July 2018, 4:47pm
Alaska’s largest oil producer ConocoPhillips (NYSE: COP) said it discovered up to 750 million barrels of oil equivalent (MMboe) of resources in the Greater Willow Area during its latest exploration and appraisal campaign. The resources justify the Greater Willow Area located in the northeast section of National Petroleum Reserve-Alaska as a standalone development. Plus, upside potential exists. But ConocoPhillips estimates it will cost between $2 billion to $3 billion over four to five years following a final investment decision, which is planned for 2021, to develop the resources. First oil is possible as early as 2024. Another $2 billion to $3 billion of drilling capital would also be needed over multiple years to maintain production at the development. The news was delivered July 16 by the Houston-headquartered company as part of an update on its Alaskan operations.
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Gazprom to develop giant Yamal gas field
17 July 2018, 3:11pm
Gazprom will take measures to prevent melting of permafrost as it develops giant Kharasaveyskoye gas-and-condensate field on the Yamal Peninsula in arctic Russia. Full-scale development will start next year, according to Gazprom officials meeting in Bovanenkovo in the Yamal-Nenets Autonomous Area.
Read more... (source: www.ogj.com)


Uganda’s Big Shift To Oil—Can It Work?
17 July 2018, 2:15pm
With the help of sizable new flows of foreign direct investments (FDI), Uganda’s government is pushing to join “middle income” standing by 2040. Success depends upon tapping the 6.5 billion barrels (Bbbl) of crude oil which sits within Uganda’s Lake Albert Basin. However, the track-record of other developing nations productively using their natural resource wealth is not encouraging. They’ve struggled with inflationary pressures, unsustainable subsidies and tax incentives that bleed national budgets. In addition, high levels of corruption are always a challenge.
Read more... (source: www.epmag.com)


VesselsValue shares top 5 OSV owners after Tidewater-Gulfmark merger news
17 July 2018, 1:57pm
The merger between offshore vessel specialists Tidewater and Gulfmark will create the world's largest OSV fleet owner, with the second-ranked highest valued OSV fleet. ...
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Prosafe Wins Contract By MODEC In Brazil
17 July 2018, 1:50pm
Prosafe has been awarded a contract by MODEC Serviços de Petróleo do Brasil Ltd. for the provision of the Safe Concordia semisubmersible accommodation vessel to support specific MODEC FPSO operations in Brazil.
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TechnipFMC Lands Master Services Agreement From Petrobras In Brazil
17 July 2018, 1:31pm
TechnipFMC (NYSE: FTI) has been awarded by Petróleo Brasileiro SA (NYSE: PBR) a three-year master services agreement in Brazil, with a two-year renewal option, the company said on July 17.
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Milestone, Leonardo to renew Saudi Aramco helicopter fleet
17 July 2018, 1:25pm
Milestone Aviation and Leonardo have been selected to renew the medium helicopter fleet of Aramco Overseas Company, a subsidiary of oil giant Saudi Aramco. ...
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Cuadrilla Drills UK's Second Horizontal Shale Gas Well
17 July 2018, 1:05pm
Cuadrilla Resources Ltd. said July 17 it completed drilling the U.K.'s second horizontal shale gas well at its Lancashire shale gas license and will apply for consent to hydraulically fracture it "in due course." The privately-owned U.K. company expects to hydraulically fracture first well in the latter end of the third quarter of this year, subject to government consent. The company applied for consent to fracture the first well in May. Following hydraulic fracturing of the first two horizontal wells, Cuadrilla will run an initial flow test of both wells for roughly six months with plans to then eventually connect those wells to the local gas grid network in 2019, according to the company press release.
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Report: Ex-Vantage Drilling CEO charged with corruption in Brazil
17 July 2018, 12:21pm
Brazilian prosecutors have charged former Vantage Drilling CEO Paul Bragg of corruption and money laundering. ...
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Transocean lands 11-well contract with Chevron
17 July 2018, 11:26am
Transocean has been awarded an 11-well contract for the ultra-deepwater semisubmersible GSF Development Driller I offshore Australia.  ...
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UK’s production efficiency rises for fifth consecutive year, report reveals
17 July 2018, 9:05am
Production efficiency (PE) on the UK Continental Shelf (UKCS) has improved for a fifth consecutive year, rising to 74%, according to a new report released by the Oil and Gas Authority (OGA). ...
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New deals for Solstad Farstad’s offshore vessel sextet
17 July 2018, 8:01am
Norway's Solstad Farstad has won new contracts and extensions of six offshore vessels. ...
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Modec hires Prosafe unit for work in Brazilian waters
17 July 2018, 6:56am
Prosafe has been awarded a contract by Modec for the provision of a semi-submersible accommodation vessel. ...
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Norway: 1600 workers on strike across 28 offshore units
17 July 2018, 6:56am
Norwegian offshore workers have extended their strike to 19 offshore units after the strike started last week on nine offshore rigs and platforms over pay disagreement. ...
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Transocean scores 13-well deal for 1983-built offshore drilling rig
17 July 2018, 6:23am
Offshore driller Transocean has managed to find a long-term contract for a 1983-built semi-submersible drilling rig. ...
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Wood creates chief technology officer role
17 July 2018, 6:20am
Oilfield services provider Wood has created the role of chief technology officer (CTO) with the appointment of Darren Martin. ...
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TechnipFMC inks three-year services deal with Petrobras
17 July 2018, 6:15am
TechnipFMC has been awarded a three-year master services agreement by Petrobras in Brazil, with a two-year renewal option. ...
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IOG targets end of September for North Sea assets FID
17 July 2018, 6:10am
IOG expects to make a final investment decision for its Blythe and Vulcan Satellite hubs by the end of September 2018.  ...
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Havila’s platform supplier to stay with Total until next January
17 July 2018, 6:05am
Norwegian vessel owner Havila Shipping has entered into a new charter contract with Total for one of the company’s PSVs. ...
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Fairfield wraps up Stampede survey for Hess
17 July 2018, 6:00am
Fairfield Geotechnologies has completed the Stampede deepwater ocean bottom node survey, located in the Green Canyon area of the Gulf of Mexico. ...
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Carbon Holdings One Step Closer to Finalize Financing for $10.9B Plant
17 July 2018, 12:00am
Carbon Holdings hopes to finalize financing for its $10.9 billion petrochemical plant by the end of the year.
Read more... (source: www.rigzone.com)


Oil Steadies On US Stockpile Forecasts, Venezuela Worries
17 July 2018, 12:00am
Crude oil futures steadied as the focus turned to falling inventories in the US and further output constraints in Venezuela and Libya.
Read more... (source: www.rigzone.com)


Permian Pipeline Builder to Challenge US Steel Tariff Exemption Rejection
17 July 2018, 12:00am
Plains All American Pipeline LP's request for an exemption from steel-import tariffs was rejected by the US government.
Read more... (source: www.rigzone.com)


Russian Gas Exports Hit a New Summertime Record
17 July 2018, 12:00am
Russia's natural gas flows to the European Union rise to a record for the time of year.
Read more... (source: www.rigzone.com)


SAFE: 1,550 Members on Strike
17 July 2018, 12:00am
A representative from Norwegian union SAFE confirms that 1,550 members are on strike.
Read more... (source: www.rigzone.com)


OGA: UKCS Production Efficiency Improves for 5th Straight Year
17 July 2018, 12:00am
Production efficiency on the UK Continental Shelf has improved for the 5th consecutive year, according to a new report released by the Oil and Gas Authority.
Read more... (source: www.rigzone.com)


BSEE's Angelle: SafeOCS Participation Up Dramatically
17 July 2018, 12:00am
BSEE releases 2017 stats for SafeOCS data sharing program.
Read more... (source: www.rigzone.com)


IHS Markit Sees Canadian Oil Sands Growth Moderating After 2019
17 July 2018, 12:00am
Canadian oil sands production will rise more than half a million barrels per day in 2019.
Read more... (source: www.rigzone.com)


Electricity Investments Surpass Oil, Gas for Second Year Running - IEA
17 July 2018, 12:00am
Global electricity investments exceeded those in oil and gas for the second year running in 2017, the International Energy Agency says.
Read more... (source: www.rigzone.com)


Azeri Oil Fund SOFAZ Reports 9% Rise In Assets To $38.04B
17 July 2018, 12:00am
Azerbaijan's state oil fund SOFAZ says its assets rose by more than 9% year on year to $38.04 billion as of July 1.
Read more... (source: www.rigzone.com)


Transocean Secures 13 Well UK North Sea Contract with ConocoPhillips
17 July 2018, 12:00am
The midwater semi-submersible Transocean 712 has been awarded a 13 well UK North Sea contract by ConocoPhillips.
Read more... (source: www.rigzone.com)


Wood Appoints Chief Technology Officer
17 July 2018, 12:00am
Wood appoints Darren Martin as its chief technology officer, a newly created role within the company.
Read more... (source: www.rigzone.com)


ICE to Launch Permian WTI Crude Oil Futures Contract
17 July 2018, 12:00am
The contract is expected to launch in third quarter of 2018 and will have physical delivery in Houston.
Read more... (source: www.rigzone.com)


Offshore Texas Oil Terminal Could Load Asia-, Europe-bound VLCCs
17 July 2018, 12:00am
One VLCC can hold the equivalent of nearly one-fifth of daily US oil production.
Read more... (source: www.rigzone.com)


Schlumberger CFO Simon Ayat Reportedly To Retire Soon
16 July 2018, 7:15pm
Schlumberger Ltd. (NYSE: SLB) CFO Simon Ayat plans to retire this year and a company insider has emerged as the top candidate to replace him at the world's largest oil services firm, three people familiar with the matter told Reuters. Stephane Biguet, currently vice president of finance, is the frontrunner to replace Ayat, according to the people who declined to be named because the matter is not yet public. Schlumberger declined to comment.
Read more... (source: www.epmag.com)


SEC Charges Former Energy XXI CEO With Hiding Personal Loans
16 July 2018, 6:14pm
Former CEO and founder of Energy XXI Ltd. John D. Schiller Jr. has been charged by the federal government for fraudulently obtaining more than $10 million in personal loans from company vendors and a candidate for the company’s board during his time with the company, according to the U.S. Securities and Exchange Commission (SEC). The allegations were announced by the SEC on July 16. Schiller departed from his position as director, CEO and president of the Gulf of Mexico Shelf-focused company in 2017. “Schiller consented, without admitting or denying the SEC’s charges, to a permanent injunction that enjoins him from violating anti-fraud and reporting provisions of the federal securities laws, imposes a $180,000 penalty, and bars him from serving as an officer or director of a public company for five years,” the SEC said in a news release.
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Report: Myanmar plans offshore tender round
16 July 2018, 5:34pm
Myanmar will invite tenders for open offshore blocks by the end of the year, according to Daw Khin Htay, director of state-owned Myanmar Oil & Gas Enterprise (MOGE).
Read more... (source: www.ogj.com)


FPSO Experts Achieve Progress Through Cooperation
16 July 2018, 5:00pm
When the price of oil dropped, the floating production sector was hit hard. Asset owners found it difficult to secure new contracts, and FPSO and floating LNG vessel construction was put on hold. Market conditions precluded expansion in the sector, and on the surface things seemed to stagnate.
Read more... (source: www.epmag.com)


API: Second quarter exploratory gas well completions surged 265% from a year ago
16 July 2018, 3:31pm
The American Petroleum Institute (API) today released its quarterly well completion report for the second quarter of 2018 showing a 265% increase in estimated exploratory gas well completions as compared to the second quarter of 2017.
Read more... (source: www.ogj.com)


Tidewater To Buy GulfMark As Offshore Drilling Eyes Recovery
16 July 2018, 2:55pm
Offshore services provider Tidewater Inc. said on July 16 it would buy smaller rival GulfMark Offshore Inc. in an all-stock deal to create a $1.25 billion company, the latest in a consolidation spurred by the recovery in oil prices. The deal allows U.S-based Tidewater to expand its presence in the U.K. North Sea basin, where a 30% jump in oil prices since the end of 2016 has boosted rates for operators. Offshore services providers, which help drillers transport equipment, crew and also prepare the rig, had been particularly hard hit by the slump in oil prices that began in 2014. But with prices stabilizing above $70 per barrel, oil producers are returning to offshore blocks.
Read more... (source: www.epmag.com)


WoodMac: OPEC to keep its role of key oil supplier until 2040
16 July 2018, 2:05pm
OPEC will maintain its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030, according to Wood Mackenzie. ...
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PESA Names Tim Tarpley Vice President, Government Affairs
16 July 2018, 1:55pm
Tim Tarpley has been named vice president of government affairs at the Petroleum Equipment & Services Association (PESA). He will be based in Houston and report to Leslie Beyer, president, PESA. With 13 years of leadership experience on Capitol Hill, Tarpley will head PESA’s policy operation. His knowledge of trade, the environment, and other critical energy issues will be instrumental as he spearheads PESA’s advocacy efforts in Houston, Washington and beyond, according to PESA.
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Aker BP Appoints Evy Glørstad-Clark As Senior Vice President, Exploration
16 July 2018, 1:44pm
Evy Glørstad-Clark has been appointed senior vice president, exploration at Aker BP, effective Aug. 1, and will be part of the executive management team.
Read more... (source: www.epmag.com)


Protesters At Iraq's Siba Gas Field Demand Jobs, Better Services
16 July 2018, 1:36pm
About 200 protesters gathered at the main entrance to Iraq’s Siba natural gas field on July 16, police sources said, following more than a week of unrest over poor services sweeping southern cities amid political uncertainty. Growing anger has put a spotlight on the performance of Prime Minister Haider al-Abadi, who is seeking a second term after a May 12 parliamentary election which reflected widespread discontent over hardships and corruption. The oil hub of Basra and others parts of the Shi’ite heartland south have long been neglected, first by Sunni dictator Saddam Hussein and then Shi’ite-led governments after him.
Read more... (source: www.epmag.com)


U.S. refinery capacity virtually unchanged between 2017 and 2018
16 July 2018, 1:00pm
As of January 1, 2018, U.S. operable atmospheric crude distillation capacity totaled 18.6 million barrels per calendar day (b/cd), a slight decrease of 0.1% since the beginning of 2017 according to EIA’s annual Refinery Capacity Report. Annual operable crude oil distillation unit (CDU) capacity had increased slightly in each of the five years before 2018.
Read more... (source: www.eia.gov)


Tidewater and GulfMark combine to create industry’s largest OSV fleet
16 July 2018, 1:00pm
U.S.-based OSV operator Tidewater and its compatriot GulfMark Offshore have decided to combine. ...
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SNC-Lavalin bags 5-year engineering agreement in Saudi Arabia
16 July 2018, 12:35pm
SNC-Lavalin has signed a five-year framework agreement to provide international general engineering services to Al Khafji Joint Operations. ...
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Premier selects Dril-Quip to deliver subsea systems for Sea Lion
16 July 2018, 9:53am
Dril-Quip has entered into a letter of intent with Premier Oil to provide subsea production systems for the Sea Lion Phase 1 Development. ...
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Brent Oil Falls 4% To 3-Month Low As Supply Outage Concerns Ease
16 July 2018, 12:00am
Oil prices slump more than 4%, with Brent reaching a three-month low.
Read more... (source: www.rigzone.com)


US Oil Boom Delivers Surprise For Traders - And It's Costly
16 July 2018, 12:00am
The world's biggest oil traders are counting hefty losses after a surprise doubling in the price discount.
Read more... (source: www.rigzone.com)


Premier okays Tolmount development off UK
13 July 2018, 3:51pm
Premier Oil PLC directors have approved development of Tolmount natural gas field in the southern UK North Sea, where the company sees satellite potential.
Read more... (source: www.ogj.com)


BOEM announces Gulf of Mexico lease sale
13 July 2018, 3:48pm
The US Bureau of Ocean Energy Management (BOEM) plans an Aug. 15 oil and gas lease sale in the Gulf of Mexico. The sale will include all available unleased areas in federal waters, which is about 78 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida.
Read more... (source: www.ogj.com)


The United States continues to export MTBE, mainly to Mexico, Chile, and Venezuela
13 July 2018, 1:00pm
U.S. exports of methyl tert-butyl ether (MTBE), a motor gasoline additive, totaled 38,000 barrels per day (b/d) in 2017, primarily to Mexico, Chile, and Venezuela. MTBE was once commonly used in the United States but was phased out in the late 2000s as a result of water contamination concerns. Since then, fuel ethanol has replaced MTBE as a gasoline additive.
Read more... (source: www.eia.gov)


Test well due south of Otway gas strike
13 July 2018, 1:00am
Rawson Oil & Gas Ltd., Sydney, plans an exploratory well 9 km south of a recent natural gas discovery by Beach Energy Ltd., Adelaide, in Australia’s onshore Otway basin.
Read more... (source: www.ogj.com)


Equinor gets regulatory nod for Barents Sea exploration drilling
12 July 2018, 1:01pm
Petroleum Safety Authority (PSA) has granted Equinor consent for exploration drilling in two blocks in the Barents Sea.
Read more... (source: www.ogj.com)


Wind generators’ cost declines reflect technology improvements and siting decisions
12 July 2018, 1:00pm
Between 2010 and 2016, the capacity-weighted average cost (real 2016$) of U.S. wind installations declined by one-third, from $2,361 per kilowatt (kW) to $1,587/kW, based on analysis in the U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy’s (DOE/EERE) Wind Technology Market Report. The reasons for this decline include improving technology and manufacturing capability and an increasing concentration of builds in the regions of the United States with the lowest installation costs.
Read more... (source: www.eia.gov)


Serica, Dana apply for UK gas developments
11 July 2018, 5:39pm
Serica Energy PLC, London, expects gross production of as much as 40 MMcfd of natural gas and 1,150 b/d of condensate from Columbus field in the central UK North Sea, development of which is contingent on development of larger Arran gas-condensate field nearby.
Read more... (source: www.ogj.com)


Savannah logs third Niger oil discovery
11 July 2018, 1:48pm
Results of Savannah Petroleum PLC’s third indicated oil discovery in the productive Agadem Rift basin of Niger support plans for an early production system, says Chief Executive Officer Andrew Knott.
Read more... (source: www.ogj.com)


Natural gas-fired electricity generation this summer expected to be near record high
11 July 2018, 1:00pm
EIA’s July 2018 Short-Term Energy Outlook (STEO) expects natural gas-fired power plants to supply 37% of U.S. electricity generation this summer (June, July, and August), near the record-high natural gas-fired generation share in summer 2016. EIA forecasts the share of generation from coal-fired power plants will drop slightly to 30% in summer 2018, continuing a multi-year trend of lower coal-fired electricity generation.
Read more... (source: www.eia.gov)


Triangle increases prospects around Cliff Head oil field
10 July 2018, 4:41pm
Triangle Energy (Global) Ltd., Perth, has announced the results of a static model over the Cliff Head oil field region in production license WA-31-L in the offshore Perth basin of Western Australia that indicate new prospective resources in near field exploration targets.
Read more... (source: www.ogj.com)


UK launches 31st Offshore Licensing Round
10 July 2018, 4:14pm
The UK government is offering 1,766 frontier blocks covering 370,000 sq km in its 31st Offshore Licensing Round and allowing operators to propose additional blocks in more-mature areas.
Read more... (source: www.ogj.com)


China is a key destination for increasing U.S. energy exports
10 July 2018, 1:00pm
In recent years, as its domestic energy consumption has grown, China has become a more significant destination for U.S. energy exports. In particular, China has been among the largest importers of U.S. exports of crude oil, propane, and liquefied natural gas.
Read more... (source: www.eia.gov)


BP, partners start Shah Deniz 2 offshore Azerbaijan
9 July 2018, 6:56pm
BP PLC and its partners announced they started natural gas production from Shah Deniz Phase 2 offshore Azerbaijan. The $28-billion project is the first Caspian Sea subsea development.
Read more... (source: www.ogj.com)


Echo Energy reports Argentina well encounters wet gas
9 July 2018, 4:24pm
Echo Energy PLC, a UK company focused on Latin America, announced CSo-2001(d) well in an Argentina drilling campaign encountered what company executives are calling “a notable gas column,” with initial results indicating wet gas.
Read more... (source: www.ogj.com)


Eni has second Faghur basin deep strike
9 July 2018, 2:48pm
Eni reports a second discovery in its exploration of deep sequences of the Faghur basin in Egypt’s Western Desert.
Read more... (source: www.ogj.com)


NPD grants Spirit Energy Norge drilling permit in the North Sea
9 July 2018, 2:37pm
The Norwegian Petroleum Directorate granted Spirit Energy Norge AS a drilling permit in the North Sea for Well 7322/7-1, which will be drilled from the Island Innovator drilling complex.
Read more... (source: www.ogj.com)


Fogelberg development due off Norway
6 July 2018, 5:33pm
Spirit Energy Norge and partners plan to develop the Fogelberg gas and condensate discovery in the Norwegian Sea via subsea completion and tie-back to the B platform on Asgard field.
Read more... (source: www.ogj.com)


Ecopetrol makes oil find at Cundinamarca
6 July 2018, 11:30am
Colombia’s Ecopetrol made an oil discovery with the Búfalo-1 well in the Valle Medio del Magdalena, near the town of Guaduas, Department of Cundinamarca.
Read more... (source: www.ogj.com)


Lundin Petroleum completes Edvard Grieg development drilling
5 July 2018, 3:07pm
Lundin Petroleum AB subsidiary Lundin Norway AS completed its development drilling program in Edvard Grieg field on the Utsira High in the Norwegian North Sea. Edvard Grieg came on stream in late 2015.
Read more... (source: www.ogj.com)


Troll Phase 3 development plan filed
3 July 2018, 5:59pm
Equinor and partners have submitted the development and operation plan (PDO) for Phase 3 of giant Troll oil and gas field in the Norwegian North Sea. The phase will produce from the gas cap of the Troll West structure, which produces oil under Phase 2 development involving the Troll B and C platforms.
Read more... (source: www.ogj.com)


Kimmeridge assessment indicates high-quality crude at Lidsey
3 July 2018, 5:30pm
Angus Energy PLC will gather more data to assess the commercial viability of Kimmeridge layers across the Weald basin in the UK following evidence of high-quality crude at Lidsey.
Read more... (source: www.ogj.com)


OIL testing gas strike in Andhra Pradesh
3 July 2018, 4:37pm
State-owned Oil India Ltd. is testing a second natural gas discovery on NELP VI Block KG-ONN-2004/1 in Andhra Pradesh, India.
Read more... (source: www.ogj.com)


ExxonMobil lets second Liza FPSO contract
3 July 2018, 3:34pm
ExxonMobil Corp. subsidiary Esso Exploration & Production Guyana Ltd. (EEPGL) has let contracts to SBM Offshore of Amsterdam for the front-end engineering and design of a second floating production, storage, and offloading vessel for the Liza development on the Stabroek block offshore Guyana.
Read more... (source: www.ogj.com)


Total lets subsea contract for Zinia 2
3 July 2018, 3:23pm
Total SA has let a subsea contract for the field development of Zinia Phase 2 field offshore Angola. The contract to TechnipFMC covers the engineering, procurement, and construction of subsea equipment including 9 subsea tree units as well as wellheads, subsea control systems, connection systems, and associated equipment.
Read more... (source: www.ogj.com)


New PSC sets Beibu Gulf field development
3 July 2018, 2:34pm
A subsidiary of Roc Oil Co. Ltd., Sydney, and private Smart Oil Investment Ltd. of China will serve as joint operator of a production-sharing contract that calls for development of Weizhou 10-3W oil field in the South China Sea offshore China.
Read more... (source: www.ogj.com)


Sharjah seeks bids for three onshore areas
2 July 2018, 6:29pm
Sharjah National Oil Corp. (SNOC) is seeking international partners for exploration and development of three onshore areas covering much of the emirate. One of the areas, 437-sq-km Area A, contains Sajaa, Moveyeid, and Kahaif natural gas and condensate fields, found by the former Amoco Corp. and operated now by SNOC.
Read more... (source: www.ogj.com)


Field off Abu Dhabi due full development
2 July 2018, 6:11pm
Al Yasat Co. for Petroleum Operations, a joint venture of Abu Dhabi National Oil Co. and China National Petroleum Corp., has moved toward full development of Bu Haseer oil field off Abu Dhabi. The company let an EPC contract to National Petroleum Construction Co. of Abu Dhabi for offshore facilities that will double production to 16,000 b/d.
Read more... (source: www.ogj.com)


Producers apply analytics to unconventional plays
2 July 2018, 5:55am
Producers in unconventional plays are learning how to apply analytics to improve field performance and lower costs.
Read more... (source: www.ogj.com)


Nigerian well-testing method helps determine reservoir potential
2 July 2018, 5:02am
A new surface well-testing (SWT) method can help operators determine both a reservoir’s potential and when it will become uneconomical and require pressure maintenance.
Read more... (source: www.ogj.com)


Iran, Azerbaijan sign protocols for joint development of Caspian Sea field
26 June 2018, 5:43pm
The presidents of Iran and Azerbaijan have signed protocols for possible development of a jointly owned deepwater oil field in the Caspian Sea, citing a report in Iran Petroleum, news service Shana reported. The name of the field was not disclosed.
Read more... (source: www.ogj.com)


DOI official expects ANWR leasing draft EIS by fourth quarter
25 June 2018, 7:55pm
The US Department of the Interior expects to publish an initial environmental impact statement (EIS) on oil and gas leasing on the Arctic National Wildlife Refuge’s coastal plain during this year’s fourth quarter as scheduled, Assistant Sec. for Land and Mineral Management Joe Balash told reporters on June 15.
Read more... (source: www.ogj.com)


BLM issues final EIS for major natural gas project in Wyoming
22 June 2018, 4:44pm
The US Bureau of Land Management issued a final environmental impact statement for the proposed Normally Pressured Lance natural gas development project in Wyoming. The June 21 action came about 30 days before a final decision was reached on the project, which would be south and west of Jonah field in Sublette County.
Read more... (source: www.ogj.com)


Repsol sells permits in Papua New Guinea
21 June 2018, 8:01pm
Spanish firm Repsol SA will sell its exploration and development permits in Papua New Guinea to Chinese company Balang International. Repsol has not disclosed the transaction amount.
Read more... (source: www.ogj.com)


Trump order establishes interagency Ocean Policy Committee
20 June 2018, 5:45pm
US President Donald Trump issued an executive order establishing an interagency Ocean Policy Committee, which will replace the National Ocean Council and nine regional planning bodies that President Barack Obama established in 2010. The June 19 action will establish more-streamlined federal coordination and empower states by eliminating duplicative federal bureaucracy, the White House said. 
Read more... (source: www.ogj.com)


US House oil and gas reform idea uses carrot-stick approach
20 June 2018, 5:36pm
US House Natural Resource Committee Republicans presented a fifth proposal at a June 14 hearing to change federal oil and gas policies that ostensibly would increase states’ involvement in federal oil and gas decisions. Democrats on the Energy and Mineral Resources Subcommittee quickly criticized the discussion draft’s plan to reward states that encourage more leasing and development and penalize states that do not. 
Read more... (source: www.ogj.com)


ExxonMobil unit makes eighth oil discovery offshore Guyana
20 June 2018, 4:14pm
ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd. encountered 265 ft of high-quality, oil-bearing sandstone following the drilling of the Longtail-1 well offshore Guyana, creating potential for additional resource development in the southeast area of the Stabroek block.
Read more... (source: www.ogj.com)


Denbury sanctions Cedar Creek Anticline carbon dioxide development
19 June 2018, 3:52pm
Denbury Resources Inc., Plano, Tex., has sanctioned a carbon dioxide enhanced oil recovery project at Cedar Creek Anticline, which extends across Montana, North Dakota, and South Dakota. Denbury has interest in about 175,000 acres. 
Read more... (source: www.ogj.com)


Al Jahraa development well has deep target
19 June 2018, 3:22pm
The Kuwait Energy Al Jahraa-6, the first of two development wells planned this year on the Abu Sennan license in Egypt’s Western Desert, also will test deeper-pool potential, reports Rockhopper Exploration PLC, a partner in the production-sharing contract. 
Read more... (source: www.ogj.com)


Israel seeking interest for second offshore bid round
18 June 2018, 6:24pm
Israel plans a second offshore bid round in late 2018 or early 2019, which will involve about 25 southern blocks. Israel’s Chief Geologist Miki Gardosh describes the blocks as being in a highly prospective area that has experienced less exploration than elsewhere offshore.
Read more... (source: www.ogj.com)


ANP: Fourth presalt bid round raises $188 million in planned investments
18 June 2018, 6:19pm
The fourth production-sharing round in the presalt area offshore Brazil, held June 7 by the country’s ANP, raised $802.4 million in signing bonuses and $188 million in planned investments on the exploration phase.
Read more... (source: www.ogj.com)


Tap Oil, partners drill appraisal well at Manora in Thailand
18 June 2018, 5:32pm
Tap Oil Ltd., Perth, reported a success with its Manora-8ST1 appraisal well offshore Gulf of Thailand while continuing to stave off a takeover of the company by Singapore company Risco Energy Invesments (SEA) Ltd.
Read more... (source: www.ogj.com)


Pearce introduces bills to facilitate federal onshore permitting
18 June 2018, 5:31pm
US Rep. Steve Pearce introduced a pair of bills on June 14 that aim to reduce delays and other obstacles in the federal onshore oil and gas leasing process. HR 6016 would authorize additional categorical exclusions to streamline permitting decisions. HR 6107 would order that the US Bureau of Land Management not require permits on nonfederal land to reach subsurface deposits that are less than 50% federally owned.  
Read more... (source: www.ogj.com)


API launches coalition to expand US offshore activity
18 June 2018, 5:18pm
The American Petroleum Institute has launched a bipartisan coalition of more than 100 business and government leaders across the southeastern US states that will advocate expanding offshore US oil and gas activity onto the Mid-Atlantic Outer Continental Shelf and into the eastern Gulf of Mexico.
Read more... (source: www.ogj.com)


US House panel examines onshore oil, gas permitting proposals
18 June 2018, 5:16pm
A US House Natural Resources subcommittee discussed four proposals on June 6 that Republicans said would make onshore federal oil and gas permit application processing more efficient and fair.
Read more... (source: www.ogj.com)


SDX reports another Egyptian gas strike
18 June 2018, 3:26pm
SDX Energy Inc., London, will complete for production another natural gas discovery on its South Disouq concession in Egypt. The SD-4X well encountered 89 ft of net gas pay with average porosity of 24% in the Upper Miocene Abu Madi formation.
Read more... (source: www.ogj.com)


Norway offers 12 production licenses
18 June 2018, 3:19pm
Norway’s Ministry of Petroleum and Energy announced it is offering 12 production licenses to 11 companies. Nine of the offers are in the Barents Sea with the rest in the Norwegian Sea. Two offers are in the western Norwegian Sea deepwater as part of the 24th licensing round, which started in June 2017. Previously, 11 companies applied for the licenses by the deadline. 
Read more... (source: www.ogj.com)


OGJ Newsletter
18 June 2018, 5:00am
International news for oil and gas professionals
Read more... (source: www.ogj.com)


US House panel’s GOP members offer onshore oil, gas reform bills
15 June 2018, 8:13pm
Republicans on the US House Natural Resources Committee introduced two bills aimed at facilitating federal onshore oil and gas leasing and permitting on June 13.
Read more... (source: www.ogj.com)


Oil Search’s Kimu appraisal successful
13 June 2018, 5:05pm
Oil Search Ltd., Port Moresby and Sydney, has reported a successful appraisal of the Kimu gas discovery in the forelands of Papua New Guinea. Kimu-2, drilled in retention license PRL 8, showed similar reservoir properties to the Kimu-1 discovery with the bonus of slightly thicker reservoir. 
Read more... (source: www.ogj.com)


Congo (Brazzaville) advances licensing
13 June 2018, 3:44pm
Congo (Brazzaville) has opened registration for the second phase of licensing of 18 open blocks, including five in shallow water, five in deep and ultradeep water, and eight onshore.
Read more... (source: www.ogj.com)


Israel seeking interest for second offshore bid round
13 June 2018, 3:28pm
Israel plans a second offshore bid round in late 2018 or early 2019, which will involve about 25 southern blocks. Israel’s Chief Geologist Miki Gardosh describes the blocks as being in a highly prospective area that has experienced less exploration than elsewhere offshore. 
Read more... (source: www.ogj.com)


Corridor suspends Old Harry work in Canada
12 June 2018, 5:24pm
Corridor Resources has suspended exploration of a large structure in the Gulf of St. Lawrence, citing unexpected complexity of the geology and its failure to find a partner. The 43,000-acre Old Harry structure is in 470 m of water straddling the Newfoundland-Quebec border. It’s one of the largest undrilled structures in eastern Canada. 
Read more... (source: www.ogj.com)


Equinor finds oil near gas strike off Norway
11 June 2018, 6:31pm
Equinor and partners have found oil in the Utsira High area of the Norwegian North Sea in a well that also confirmed the 2004 Verdandi natural gas discovery on license PL 167. Calling the find commercial, Equinor estimated the 16/1-29 S “Lille Prinsen” well found 15-35 million boe of recoverable oil in its main target. 
Read more... (source: www.ogj.com)


Sonatrach, partners to extend TFT gas field license
11 June 2018, 3:33pm
Sonatrach, Total, Repsol, and Alnaft (the National Agency for the Valorisation of Hydrocarbon Resources), signed a 25-year concession contract to extend Tin Fouye Tabankort (TFT) gas and condensate field, pending approval by Algerian authorities, Total said.
Read more... (source: www.ogj.com)


Nelson files amendment to keep eastern gulf off-limits until 2027
8 June 2018, 5:04pm
US Sen. Bill Nelson (D-Fla.) filed an amendment to the annual national defense bill aimed at keeping crude oil exploration and production out of the eastern Gulf of Mexico for an additional five years.
Read more... (source: www.ogj.com)


ANP: Fourth presalt bid round raises $188 million in planned investments
7 June 2018, 8:36pm
The fourth production-sharing round in the presalt area offshore Brazil, held June 7 by the country’s National Petroleum, Natural Gas, and Biofuels Agency (ANP), raised $802.4 million in signing bonuses and $188 million in planned investments on the exploration phase.
Read more... (source: www.ogj.com)


Iraq awards border-field rehab contracts
7 June 2018, 5:44pm
Iraqi Minister of Oil Jabbar Ali Al-Luiebi said he expects production to reach 500,000 b/d of oil from six fields to be rehabilitated under contracts awarded this month after a recent bid round. 
Read more... (source: www.ogj.com)


API launches coalition to expand US offshore activity
7 June 2018, 4:21pm
The American Petroleum Institute has launched a bipartisan coalition of more than 100 business and government leaders across the southeastern US states that will advocate expanding offshore US oil and gas activity onto the Mid-Atlantic Outer Continental Shelf and into the eastern Gulf of Mexico.
Read more... (source: www.ogj.com)


Savannah logs another Niger oil discovery
6 June 2018, 5:17pm
Savannah Petroleum reports another indicated oil discovery in the R3 part of the R3/R4 Production Sharing Contract Area in the Agadem Rift basin of southeastern Niger. Wireline logs, fluid samples, and pressure data indicate the Amdigh-1 exploration well cut 22 m of net oil-bearing sandstone in the E1 and E2 units of the primary Eocene Sokor Alternances target.  
Read more... (source: www.ogj.com)


Bashneft finds oil in southwestern Iraq
5 June 2018, 4:36pm
Bashneft International BV has discovered an oil field named Salman on Block 12 in southwestern Iraq, parent Rosneft reported last month.
Read more... (source: www.ogj.com)


Lukoil, KazMunayGas to form offshore venture
5 June 2018, 4:11pm
Lukoil and state-owned KazMunayGas have signed an agreement in principle to form a partnership seeking an exploration and production license offshore Kazakhstan.
Read more... (source: www.ogj.com)


Bahrain wants oil-find partners by yearend 2019
5 June 2018, 3:14pm
Bahrain will select international partners in December 2019 for the production phase of a large oil and gas discovery off its west coast. Crown Prince Salman bin Hamad Al Khalifa, deputy supreme commander and first deputy prime minister, sketched a timetable for development of the discovery at a June 3 meeting of the Higher Committee for Natural Resources and Economic Security.
Read more... (source: www.ogj.com)


Egdon to reapply for Wressle development
4 June 2018, 5:43pm
Egdon Resources PLC said it soon will submit a new planning application to develop its Wressle oil discovery in the UK after acquiring 5% interests each in onshore Petroleum Exploration and Development Licenses 180 and 182 from Celtique Energie Petroleum Ltd.
Read more... (source: www.ogj.com)


Multiple stacked plays drive continued Permian development
4 June 2018, 5:06pm
The exploitation of unconventional (continuous) resource plays with horizontal drilling and fracturing techniques continues to spur renewed development in mature producing basins in the US. The Permian basin of west Texas has emerged as a particularly strong prospect due to the potential for multiple stacked resource plays in formations such as the Wolfcamp shale and Spraberry and Bone Spring formations.
Read more... (source: www.ogj.com)


Researchers assess Central Nigeria’s Bida basin potential
4 June 2018, 5:03pm
Bida basin, the least studied of Nigeria’s inland frontier basins, is believed to have oil and gas resources. No exploration wells have been drilled. Researchers are studying geophysical data and lithofacies of exposed outcrops in the southern and central basin. A recently revised geological basin map reflects a central structural low trend where argillaceous and source rock facies accumulate.
Read more... (source: www.ogj.com)


Tap Oil, partners drill appraisal well at Manora in Thailand
4 June 2018, 4:50pm
Tap Oil Ltd., Perth, reported a success with its Manora-8ST1 appraisal well offshore Gulf of Thailand while continuing to stave off a takeover of the company by Singapore company Risco Energy Invesments (SEA) Ltd.
Read more... (source: www.ogj.com)


Last week in history
4 June 2018, 3:18pm
Certain dates last week, according to the American Oil & Gas Historical Society (AOGHS) (www.aoghs.org), have marked many important milestones in the history of the oil and gas industry.
Read more... (source: www.ogj.com)


Cluff gets southern UK North Sea waivers
1 June 2018, 6:23pm
Cluff Natural Resources PLC, London, has 6 extra months during which to find financing for drilling on two promote licenses it acquired in the southern North Sea during the UK’s 28th licensing round in 2014. 
Read more... (source: www.ogj.com)


Forest 3D survey tests line-free method
1 June 2018, 3:45pm
A Calgary geophysical services firm has acquired ultrahigh-density 3D seismic data over a small area without seismic lines or trails using technology designed to reduce forest disturbance.
Read more... (source: www.ogj.com)


Equinor unit, SOCAR plan joint Caspian work
30 May 2018, 7:03pm
A 50-50 joint operating company formed by Statoil Azerbaijan and State Oil Co. of Azerbaijan Republic (SOCAR) will appraise and develop Karabagh oil field in the Caspian Sea and explore an area to the northwest under agreements signed May 30.  
Read more... (source: www.ogj.com)


Aker BP to evaluate Barents Sea gas discovery
30 May 2018, 4:39pm
Aker BP ASA plans to evaluate a natural gas discovery well drilled in Upper Triassic reservoir rocks 175 km northwest of Hammerfest in the Barents Sea.
Read more... (source: www.ogj.com)


Karoon Gas moves into development mode off Brazil
30 May 2018, 4:12pm
Karoon Gas Australia Ltd., Melbourne, has moved into the development phase of its Kangaroo and Echidna oil fields in the Santos basin offshore Brazil following approval from Brazilian government regulator ANP for the fields’ final discovery evaluation report along with a declaration of commerciality (DOC).
Read more... (source: www.ogj.com)


Zinia 2 development offshore Angola approved
29 May 2018, 3:45pm
Total SA reported the final investment decision for deepwater Zinia 2 development on Angola Block 17 and said it has entered a risk-service agreement for exploration on Block 48. 
Read more... (source: www.ogj.com)


Woodside to speed up, add to Scarborough development plans
25 May 2018, 4:45pm
Woodside Petroleum Ltd., Perth, would like to accelerate and increase the breadth of its plans through development of the Scarborough natural gas fields on the Exmouth Plateau offshore Western Australia.  
Read more... (source: www.ogj.com)


Mubadala Petroleum joins Russian venture
25 May 2018, 2:47pm
The oil and gas unit of a major Abu Dhabi wealth fund is planning its first major investment in Russia. Mubadala Petroleum and the Russian Direct Investment Fund will acquire a 49% equity interest in Gazpromneft-Vostok to form a joint venture with Gazprom-Neft for development of oil fields in the Tomsk and Omsk regions. 
Read more... (source: www.ogj.com)


Shell makes sixth discovery in Norphlet deepwater play
24 May 2018, 5:11pm
Shell Offshore Inc. reported its sixth oil discovery in the Norphlet geologic play in the deepwater US Gulf of Mexico. Drilled to a total vertical depth of 29,000 ft, the Dover well encountered 800 net ft of pay in the Jurrassic Norphlet.  
Read more... (source: www.ogj.com)


OGA reports awards for 30th offshore licensing round
24 May 2018, 4:49pm
The UK Oil & Gas Authority (OGA) has offered for award 123 licenses over 229 blocks or partial blocks to 61 companies in the 30th Offshore Licensing Round. The round was launched on July 25, 2017, and closed for applications on Nov. 21, 2017. Locations vary across the UK Continental Shelf. 
Read more... (source: www.ogj.com)


Most of RAK on offer in licensing round
24 May 2018, 4:17pm
Bids are due in November in an oil and gas licensing round covering most of Ras Al Khaimah, the northernmost member of the United Arab Emirates. The government opened data rooms in the emirate and London last month for seven blocks, four in shallow water and three onshore. The blocks cover 4,340 sq km.
Read more... (source: www.ogj.com)


Total seeks interest in Block 8 off Cyprus
23 May 2018, 5:24pm
Total is seeking an interest in a block off Cyprus west of where Turkish military vessels in February blocked drilling planned by Eni. Stephane Michel, president, Middle East and North Africa of Total Exploration & Production, told reporters after a meeting with Cypriot President Nicos Anastasiades that the company had applied for an interest in Block 8.
Read more... (source: www.ogj.com)


Offset to SDX Egyptian strike noncommercial
22 May 2018, 6:00pm
The second of two near-field prospects offsetting the SDX Energy Inc. SD-1X discovery north of Cairo, Egypt, is not commercial, the operator said. The well, Kelvin-1X, reached 8,075 TD and encountered 606 net ft of high-quality reservoir in Upper Miocene Abu Madi sands with average porosity of 21%. But gas saturation was low. 
Read more... (source: www.ogj.com)


Etinde appraisal well spudded off Cameroon
22 May 2018, 5:28pm
New Age Cameroon Offshore Petroleum SA has spudded the first of two appraisal wells planned this year on the Etinde license area offshore Cameroon.
Read more... (source: www.ogj.com)


Buru Energy farms out half of Ungani oil field
22 May 2018, 3:51pm
Roc Oil Co. Ltd., a wholly owned subsidiary of Hong Kong-based Fosun International Ltd., has agreed to acquire 50% interest in Perth firm Buru Energy Ltd.’s Ungani oil field production licenses L20 and L21 in the onshore Canning basin of Western Australia for $64 million (Aus.).
Read more... (source: www.ogj.com)


DOD report suggests limits to oil, gas activity in eastern gulf
21 May 2018, 7:08pm
The US Department of Defense considers the eastern Gulf of Mexico an irreplaceable national asset for developing and maintaining combat force readiness where sufficient surface limits and activity restrictions would need to be developed if oil and gas exploration and production was to be allowed there, DOD said.
Read more... (source: www.ogj.com)


Carnarvon advances plans for Buffalo redevelopment
21 May 2018, 6:24pm
Carnarvon Petroleum Ltd., Perth, has announced its plans for redevelopment of Buffalo oil field in the Timor Sea. The field now lies completely within the jurisdiction of East Timor following the signing of the Maritime Boundary Treaty with Australia earlier this year.
Read more... (source: www.ogj.com)


Chevron advocates shared development of Carnarvon basin
21 May 2018, 5:45pm
Chevron Australia has called for industry collaboration in the development of Australia’s offshore oil and gas resources to maximize their potential and ensure economic efficiency of future projects.
Read more... (source: www.ogj.com)


Western Gas looking for Equus development partner
21 May 2018, 5:41pm
Privately held Western Gas Corp. Pty. Ltd., Perth, has completed a basis of design for development of its wholly owned Equus gas-condensate fields offshore Western Australia and is now looking for a project development partner.
Read more... (source: www.ogj.com)


Small field in the Philippines starts flow
21 May 2018, 3:58pm
Production has begun from the first oil discovery to be declared commercial in the Philippines since offshore Galoc field, which came on stream in 2008. Onshore Algeria oil field started up at a combined rate of 360 b/d of oil from two wells in southern Cebu Island.  
Read more... (source: www.ogj.com)


Kosmos to respud well offshore Suriname
21 May 2018, 3:09pm
Kosmos Energy Ltd. will respud its first well offshore Suriname after the Anapai-1 encountered shallow-borehole stability issues. The well is testing an Early Cretaceous structural-stratigraphic concept on 5,126-sq-km Block 45. 
Read more... (source: www.ogj.com)


Talos Energy submits drilling plans for Zama well off Mexico
18 May 2018, 4:36pm
Talos Energy LLC, Houston, and partners have submitted appraisal drilling plans to Mexico’s government regarding the Zama-1 discovery well on Block 7 in the shallow-water Sureste basin offshore Mexico. The appraisal well is expected to spud in the fourth quarter.
Read more... (source: www.ogj.com)


Husky has discovery north of SeaRose FPSO
18 May 2018, 3:31pm
Husky Energy is evaluating a discovery 10 km north of its SeaRose floating production, storage, and offloading vessel on White Rose oil field 350 km east of St. John’s, Newf.  
Read more... (source: www.ogj.com)


SDX reports gas discovery in Egypt
18 May 2018, 3:16pm
SDX Energy Inc., London, expects to start production by yearend from a natural gas discovery made by its Ibn Yunus 1X well at South Disouq, Egypt. On test, the well flowed at a stabilized rate of 39.3 MMscfd on a 32/64-in. choke, limited by surface facilities.
Read more... (source: www.ogj.com)


Husky testing exploration well off China
18 May 2018, 3:00pm
Husky Energy is testing the first of two exploration wells planned on Block 15/33 in the Pearl River Mouth Basin of the South China Sea to assess potential for development. The well, in 80 m of water 160 km southeast of Hong Kong, encountered four oil-bearing zones with combined thickness of 70 m.  
Read more... (source: www.ogj.com)


Australia details new offshore acreage release
17 May 2018, 4:01pm
The Australian government has released a total of 21 new blocks across six offshore basins around the country in its 2018 acreage release. There is also a rerelease of a further seven blocks not taken up in the 2017 program.
Read more... (source: www.ogj.com)


US JCPOA withdrawal pushes Total to drop South Pars 11 plans
16 May 2018, 5:56pm
France’s Total SA has dropped plans for South Pars 11 (SP11), a gas development project to supply gas within Iran following US President Donald Trump’s May 8 announcement that the US will withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate sanctions.  
Read more... (source: www.ogj.com)


Chevron advocates shared development of Carnarvon basin
16 May 2018, 5:15pm
Chevron Australia has called for industry collaboration in the development of Australia’s offshore oil and gas resources to maximize their potential and ensure economic efficiency of future projects.
Read more... (source: www.ogj.com)


Wintershall submits North Sea Nova oil development plan
16 May 2018, 4:22pm
The Norwegian Petroleum Directorate said Wintershall Nova AS and its partners submitted a plan for development and operation for the North Sea Nova oil field, previously called Skarfjell. Plans call for production from the subsea development starting in September 2021.
Read more... (source: www.ogj.com)


Provisional contract let for Troll Phase 3
16 May 2018, 3:09pm
Equinor, formerly Statoil, has exercised an option for delivery of a processing module to be installed on the Troll A platform in the Norwegian North Sea if Phase 3 development proceeds at Troll oil and gas field.
Read more... (source: www.ogj.com)


Western Gas looking for Equus development partner
15 May 2018, 7:39pm
Privately held Western Gas Corp. Pty. Ltd., Perth, has completed a basis of design for development of its wholly owned Equus gas-condensate fields offshore Western Australia and is now looking for a project development partner.
Read more... (source: www.ogj.com)


India sets second small-field bid round
15 May 2018, 4:53pm
India’s Directorate General of Hydrocarbons has published documents for a second round of bidding for licenses containing discovered small fields (DSFs). It will launch DSF Bid Round II in June, offering 26 contract areas on which 60 small fields have been discovered.  
Read more... (source: www.ogj.com)



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