OE Daily: 2014 / May

 

ExxonMobil awarded Western Gap blocks

May 30, 2014

US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank announced the award of the first three oil and gas leases in the Gulf of Mexico that are subject to the US-Mexico Transboundary…

Total exits Shah Deniz

May 30, 2014

Total will exit the Shah Deniz field, following an agreement the French explorer reached with Turkish state-owned oil company TPAO. Total will sell its 10% interest in Azerbaijan field and associated South Caucasus pipeline for US$1.5 billion…

Prostar eyes North Sea acquisitions

May 29, 2014

UK-based explorer Trapoil has agreed a deal with private equity firm Prostar Capital, which could see Trapoil help Prostar sweep up undervalued North Sea assets.  According to Trapoil, Prostar’s management believes that there is considerable value in the North Sea…

Rig activists arrested

May 29, 2014

Greenpeace activists who boarded the semisubmersible drilling rig Transocean Spitsbergen (pictured) 300km offshore Norway are now in the hands of Norwegian police, says Statoil.  But, Greenpeace's ship, the Esperanza, has moved to the location where Statoil plans to drill…

Rowan drillship down for repairs

May 28, 2014

Rowan Companies plc said the Rowan Renaissance drillship has been pulled from service off West Africa after experiencing equipment problems, the company announced in its monthly fleet status report released on 27 May 2014. Rowan said…

Pil discovery estimates grow

May 28, 2014

VNG Norge is to start a second sidetrack well to further assess potential at the Norwegian Sea Pil discovery after successful results were announced from an initial side-track appraisal well earlier this week.  The second side-track well…

Activists mount two rigs

May 27, 2014

Greenpeace activists this (Tuesday 27 May) morning boarded two oil rigs in an attempt to disrupt their planned deployment to areas within the Arctic Circle. A group of 30 activists in the Dutch port of IJmuiden occupied the GSP Saturn…

Rosneft to take Seadrill unit stake

May 26, 2014

Rosneft is to take a 'significant equity stake' in drilling firm North Atlantic Drilling (NADL) as part of an agreement between NADL and its majority owner Seadrill, as the Russian firm looks to ramp up its offshore exploration efforts.   The agreement…

Sterling updates Black Sea activity

May 23, 2014

UK-based Sterling Resources completed 800sq km of new 3D seismic in the Romanian Black Sea. The company's 1Q result, issued yesterday, discusses three major milestones in derisking its Romanian assets: - In early February, Sterling…

Technip opens hi-tech umbilical plant

May 23, 2014

This week, Technip officially opened its new, state-of-the-art automated vertical helix assembly machine on Walker Riverside, Newcastle. Elaine Maslin went to see why and how it works.   Umbilical and flexible pipe manufacture has become…

Rockhopper makes MOG bid

May 23, 2014

Falklands-focused Rockhopper exploration has outlined plans to take over Mediterranean and North Africa-focused Mediterranean Oil & Gas in a cash and shares deal. The deal comes as Rockhopper looks to re-focus its portfolio after being…

New platforms for HPHT Culzean

May 22, 2014

Operator Maersk Oil is to use a new standalone installation to develop the ultra-high-pressure, high-temperature (uHP/HT) Culzean gas field in the central North Sea about 145 miles east of Aberdeen.  The field, one of the largest gas discoveries of recent years in the UK North Sea…

US Congress to discuss new ocean technologies

May 21, 2014

The US Coast Guard and Maritime Transportation Subcommittee of the US House Committee on Transportation and Infrastructure (T&I) of the 113th Congress will conduct a hearing in Washington, DC on 21 May, about using new ocean technologies…

Pit halts Snorre production

May 21, 2014

Norway’s Statoil is to keep its Snorre B platform shut in until an investigation finds the cause of a pit which formed at a subsea template.  The pit, described as “an abnormal erosion of mass under the template” was discovered on Saturday (17 May)…

Woodside retreats from Leviathan

May 21, 2014

Woodside Energy has axed its plans to purchase a sizeable stake in Israel’s Leviathan gas project, terminating its February memorandum of understanding (MOU) with the joint venture participants, the Australian company announced 20 May. This…

Chesapeake to spin-off oilfield services business

May 20, 2014

Unconventional natural gas producer Chesapeake Energy Corp. announced on 16 May 2014, its 2014 Analyst Day, that it will spin off its oilfield services business, Chesapeake Oilfield Operating, LLC (COO), which has been somewhat hidden in the Chesapeake Energy corporate structure…

Total taps Technip for Yamal LNG

May 16, 2014

JSC Yamal LNG awarded Technip a major engineering, procurement and construction for the 16 mtpa-capacity Yamal LNG project in Russia, the French company announced 15 May 2014. Technip said it has been involved in planning, engineering and…

Teekay to acquire Logitel, signs FSO extension

May 16, 2014

Bermuda-headquartered Teekay Offshore filed a letter of intent to acquire Norway-based Logitel Offshore Holdings Ltd., the company announced in its first quarter results released on 15 May 2014. The acquisition, Teekay said, should close in 3Q 2014…

EnQuest makes Malaysia move

May 16, 2014

UK-based independent EnQuest says it has made a discovery in the North Sea and agreed a field development project with Malaysia’s Petronas.  Drilling on the North Sea Avalon prospect confirmed a discovery. EnQuest said preliminary analysis…

Northern mull FPF spin

May 15, 2014

Houston based drilling and floating production firm Northern Offshore is considering spinning off its sole floating production platform (FPF) into a new business (pictured).  The firm operates the semisubmersible Northern Producer FPF…

Nippon to use FPSO on Layang

May 14, 2014

Japan's JX Nippon Oil & Gas Exploration Corp., a wholly-owned unit of JX Holdings, says Petronas has approved the field develoment plan for the Layang gas field. JX Nippon intends to develop the field off the coast of the Malaysia's Sarawak state on Borneo…

Premier close to Catcher sanction

May 14, 2014

Premier Oil says government approval for its UK North Sea Catcher development is expected soon and that the FEED and drilling contracts on Sea Lion in the Falklands will be issued this quarter. Premier said key service contracts covering the Catcher FPSO (pictured)…

Petrobras' P-62 starts production

May 13, 2014

Petrobras began production from its P-62 platform at the Roncador field, in the Campos Basin, off Brazil, the company announced on 12 May. The 111sq km Roncador field is located in a water depth of 1800m and is divided into four modules with differing API densities…

Statoil exits Angola block

May 12, 2014

Statoil announced plans to divest its interest in the ENI-operated block 15/06 offshore Angola for US$200 million. The transaction, which will be effective 1 January 2013, means concessionaire Sonangol EP will pick up Statoil's 5% participating interest…

Italian shake-up yields new Eni CEO

May 12, 2014

After nine years with Paolo Scaroni serving at the helm of Italy’s Eni S.p.A., the company’s board of directors appointed his successor: Claudio Descalzi (pictured), chief operating officer of Eni’s Exploration and Production division since 2008…

CNOOC: Kenli 3-2 in production

May 12, 2014

CNOOC Ltd began production at its 100%-owned Kenli 3-2 oilfields, the company announced on 12 May 2014. The Kenli 3-2 oilfields, located in the southern Bohai Sea at an average water depth of 20m, consists of Kenli 3-2, Bozhong 34-6/7…

Unmanned buoy concepts grow

May 12, 2014

A 20-year-old concept is receiving increasing attention in the North Sea as operators look for options to develop marginal fields. The concept is for unmanned production buoys, which could cost-effectively support production from small or marginal fields…

Siemens wins Shah Deniz power project

May 09, 2014

Siemens Energy has received an order to deliver customized direct electrical heating (DEH) power supply systems for ten subsea flow lines, with an option for two additional systems. The customer is BP Exploration and all the systems are…

Norway needs to halve well costs

May 09, 2014

Norway’s state oil firm Petoro has said it wants to double the number of wells on the Norwegian Continental Shelf and halve their cost in order to realize the great potential of discoveries and existing fields in the Norwegian State’s Direct Financial Interest (SDFI) portfolio…

OTC14: Day one roundup

May 06, 2014

Monday morning's 'New Deepwater Construction Equipment Update' highlighted multiple vessels that can be used for operational assistance. Saipem discussed the merits of theCasterone DP pipelay vessel, which has a stinger that is designed against 1500Te pipe pull…

Wood Group challenges rising costs

May 06, 2014

Wood Group subsidiary Wood Group PSN has put its money where its mouth is and announced plans to address cost escalation in the North Sea by reducing rates paid to its UK-based onshore contract workers. The firm said the move was in response…

OilOnline,OHH aid industry families

May 02, 2014

OilOnline and Oilfield Helping Hands are partnering to make a difference in the lives of oilfield families in need. The two organizations are launching a “Profile Share” partnership to raise awareness and funds for oil & gas families in financial crisis…

Johan Castberg still in doubt

May 02, 2014

Doubt still hangs over Statoil’s Barents Sea Johan Castberg project after the firm made an oil and gas discovery in its fifth and final exploration program around the field.  The latest well, 7220/7-3 S, was on the Drivis prospect in production license (PL) 532…

New Zealand announces 2014 block offer

Apr 03, 2014

New Zealand's Minister of Energy and Resources Simon Bridges announced the country's third block offering. Up for grabs is a total of 405,000sq km, including both on and offshore acreage. Offshore release areas include the Reinga-Northland Basin…

Current News

Oil Companies Push Carbon-capture Efforts

Oil Companies Push Carbon-capture Efforts

Petronas Q2 Profit Rises 8%

Petronas Q2 Profit Rises 8%

Timor Resource to Drill 5 Wells in Timor-Leste

Saudi Aramco Pursues IPO Planning Despite Attack

Saudi Aramco Pursues IPO Planning Despite Attack

Middle East Risks Keep Oil Prices High

Middle East Risks Keep Oil Prices High

Transborders Joins Forces with Osaka Gas

Transborders Joins Forces with Osaka Gas

BP Awards Caspian ACG Contracts

BP Awards Caspian ACG Contracts

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week