OE Daily: 2015 / March

 

Northern delays jackup deliveries

Mar 31, 2015

Northern Offshore is delaying the delivery of two of its high specification jackups due to the downturn of the drilling market. The West Navigator. From NADL.   Northern was able to…

VAALCO dry off Angola

Mar 31, 2015

Houston-based VAALCO Energy is in the process of plugging and abandoning its post-salt Kindele-1 well, offshore Angola after encountering non-commercial hydrocarbons. Map of Kindele-1, offshore Angola…

Eni, Chevron, Reliance ink Myanmar contracts

Mar 31, 2015

Italian exploration and production major Eni is joining Chevron, Woodside, Ophir Energy and India's Reliance Industries, in gearing up for exploration activities offshore Myanmar after signing two production sharing contracts (PSCs). All the companies have been awarded PSCs off the country…

ExxonMobil starts at Hadrian South

Mar 30, 2015

ExxonMobil began production at its deepest subsea tie-back, Hadrian South in the deepwater Gulf of Mexico. Image from ExxonMobil.   Hadrian South is located about 230mi offshore in the…

Statoil makes 8th hit off Tanzania

Mar 30, 2015

Statoil hit big at its eighth discovery offshore Tanzania at the Mdalasini-1 exploration well, with an additional 1-1.8 Tcf of natural gas. Map of Block 2. From Statoil.   Mdalasini…

Heerema inks heavy lifter LOI

Mar 30, 2015

Dutch offshore contractor Heerema Offshore Services has inked a deal with a Singapore shipyard to build what it says will be the world's largest semisubmersible crane vessel (pictured). The vessel, whose designed was unveiled in March last year…

Petrobras announces new board member

Mar 27, 2015

Petrobras appointed Luciano Galvao Coutinho as chairman of the board after receiving Guido Mantega’s resignation on 26 March. Image of Petrobras headquarters. From OE Staff.   Coutinho…

Stockholders approve Halliburton/Baker Hughes deal

Mar 27, 2015

Overwhelming support from stockholders at both sides of Halliburton and Baker Hughes approved the US$34.6 billion merger today (27 March). Lessar. From Halliburton Facebook.   A total…

Solitaire begins Polarled

Mar 27, 2015

Statoil started the first stage of the Polarled installation project with the Solitaire pipelaying vessel connecting the pipeline in the Norwegian Sea to Nyhamma. Solitaire. From Allseas.   The…

Post-Macondo EU cannot be complacent

Mar 27, 2015

Mediterranean countries cannot be naive about the industrial risks around oil and gas exploration and production, delegates at the Offshore Mediterranean Conference (OMC) in Ravenna were warned this morning. The region, which comprises EU member states as well as non-member states…

SpeedCast to speed up Bayu-Undan IP connection

Mar 26, 2015

ConocoPhillips contracted SpeedCast International Ltd., over a multi-year, multi-million dollar agreement for the delivery of satellite communication services to the company’s down under operations. Located 250km southwest of Suai in…

Knarr FPSO fire under investigation

Mar 26, 2015

The Petroleum Safety Authority Norway (PSA) is investigating a fire that broke out on the Petrojarl Knarr floating production, storage and offloading (FPSO) in the Knarr field, North Sea. Petrojarl Knarr achieving first oil…

Rosneft axes NADL jackup

Mar 25, 2015

Russian oil exploration giant Rosneft sent a cancellation notice to North Atlantic Drilling Company Ltd. (NADL) to terminate its contract for the Energy Endeavor jackup. The Energy Endeavor. From Northern Offshore…

OMC: Upturn expected mid-term

Mar 25, 2015

The first signs of a recovery in the oil price have been seen and opportunities are opening up in the Mediterranean for Europe to significantly reduce its reliance on energy imports, delegates at the 12th Offshore Mediterranean Conference (OMC 2015) heard this morning…

Geopolitics key to Mediterranean energy future

Mar 24, 2015

The oil and gas industry can deal with low oil prices, up to a point, by making itself more efficient. In contrast, there is little it can do about geopolitics and one of the places that is most evident is the Mediterranean.  The region has long been home to oil and gas production…

EMG denies involvement in Tamar deal

Mar 24, 2015

East Mediterranean Gas Co. (EMG) is denying any involvement in the US$1.2 billion deal made last week between the Tamar partners and Dolphinus Holdings to export natural gas from Israel to Egypt using the EMG pipeline. Tamar map…

KrisEnergy hits at Rossukon-2

Mar 24, 2015

KrisEnergy’s Gulf of Thailand campaign is getting off to a good start with an oil and gas discovery already made at its first exploration well, the Rossukon-2.   The Key Gibraltar jackup. From Shelf Drilling…

FMC/Technip launch Forsys Subsea

Mar 23, 2015

Subsea firms FMC Technologies and Technip are forming an exclusive alliance and launching Forsys Subsea, a new 50/50 joint venture. The firms say the alliance will 'redefine the way subsea fields are designed, delivered and maintained'…

Boskalis takes more Fugro stake

Mar 20, 2015

Royal Boskalis Westminster N.V. (Boskalis) increased its stake in Fugro to 25.1%, just four months after acquiring 14.8% in the company. Image from Boskalis.   In a statement, Boskalis…

OGA gets powers to fine producers

Mar 20, 2015

The UK offshore industry’s new regulator is to be given powers to fine oil and gas producers up to £1 million, and potentially £5 million, and to revoke licenses, under certain circumstances, it has been announced. Under a string of new…

EXCLUSIVE: BP wins Mad Dog 2 approval

Mar 19, 2015

BP finally has filed – and won approval for – its long-awaited revised Mad Dog 2 development plan, records at the US Bureau of Ocean Energy Management show. The new plan calls for a 140,000 b/d semisubmersible floating production platform in 4440ft of water in Green Canyon block 780…

Siem splits off

Mar 19, 2015

Siem Offshore Inc. is making a move to streamline its business by dividing into separate organizations. The Siem Symphony. From Siem Offshore.   Siem Offshore OSV will be dedicated for…

Gullfaks wet gas compression nears launch

Mar 19, 2015

The world’s first subsea wet gas compression system is ready to be installed on the seabed and tied back to the Gullfaks C platform, Norwegian oil firm Statoil has announced. The Gullfalks subsea wet gas compression system is being progressed…

GoM lease sale reaches US$538 million

Mar 18, 2015

A total of 42 offshore companies showed up to the Central Gulf of Mexico (GoM) Lease Sale 235 that drew in more than US$538 million in high bids for exploration and development in the area. Gulf of Mexico map…

Dolphinus strikes Tamar deal

Mar 18, 2015

The Tamar partners awarded Dolphinus Holdings a US$1.2 billion contract to export natural gas from the Tamar project to Egypt. Tamar field. From Delek.   For the first three years of the seven-year contract…

Warm-ish welcome for North Sea tax cuts

Mar 18, 2015

UK Chancellor George Osborne has announced a package of measures to support the North Sea oil and gas industry, which he said was in “pressing danger” from low oil prices. Presenting the UK’s 2015 Budget, Osborne (pictured) said: “It’s…

Big Foot steps towards Walker Ridge

Mar 18, 2015

Chevron’s Big Foot platform is on its way to the Walker Ridge area, offshore deepwater Gulf of Mexico. Big Foot. From Chevron.   Walker Ridge is located approximately 360km south of New Orleans…

Moho Nord using Sonardyne Fusion 6G

Mar 18, 2015

UTEC awarded Sonardyne International Ltd. a multi-million dollar contract to supply Fusion 6G acoustic positioning technology for the Total-operated Moho Nord subsea project, offshore West Africa. Technip’s rigid pipe S-lay and heavy-lift construction vessel…

BG starts-up Knarr FPSO

Mar 18, 2015

First production has started from the BG Group-operated Knarr field in the Norwegian sector of the North Sea. Knarr, discovered in 2008, with estimated gross recoverable reserves around 80 MMboe, is being produced from two subsea templates…

Gas find boosts Aasta Hansteen resources

Mar 18, 2015

Norway's Statoil and its partners on production license 218 in the Norwegian Sea have made a gas discovery close to the Aasta Hansteen development. The Snefrid Nord discovery, estimated to contain 31-57 MMboe, will increase the Aasta…

Searcher’s Irish 2D seismic begins

Mar 17, 2015

Searcher Seismic and MAGE began the acquisition of the Echidna Regional Broadband 2D seismic survey, offshore Ireland. Map of Echidna Regional Broadband 2D seismic survey. From Searcher Seismic   The…

KrisEnergy kicks off Thai campaign

Mar 17, 2015

Singapore-based KrisEnergy began its drilling campaign in the Gulf of Thailand. The Key Gibraltar. From Shelf Drilling.   The campaign is starting at the Rossukon-2 exploration well…

Iran fires up South Pars Phase 12

Mar 17, 2015

Phase 12 of the giant South Pars gas field has been brought online in a ceremony involving Iranian president Hassan Rouhani.  Phase 12, described as the biggest phase of the development of the South Pars field, officially launched operation…

Gemini duster for Lundin

Mar 17, 2015

Swedish independent explorer Lundin Petroleum's Gemini well on production license 338 C has been declared a dry hole. Wildcat well 16/1-24 on Gemini was drilled about 10km southwest of the Edvard Grieg field in the central part of the North Sea…

Petrobras starts up Papa Terra TLP

Mar 16, 2015

Petrobras started production from the P-61 platform at the Papa Terra heavy oil field, offshore Brazil, the operator confirmed on 16 March. The P-61 is a tension leg wellhead platform (TLWP), the first of its kind to be installed offshore…

Eni’s double discoveries

Mar 16, 2015

Eni made a significant gas discovery offshore Libya and found more gas than anticipated at its Merakes-1 well offshore Indonesia. Libya find Eni activity in Libya. From Eni.   Eni…

Double digit tax cut needed

Mar 16, 2015

UK offshore industry trade association Oil & Gas UK has called for 'urgent action' to reduce and simplify North Sea oil and gas taxation, including a double digit reduction in the Supplementary Corporation Tax on UK producers. The trade body…

Anadarko dumps Dolphin drillship

Mar 13, 2015

Anadarko Petroleum Corp. sent Dolphin Drilling an early termination notice for the Belford Dolphin ultra deepwater drillship's charter contract off Mozambique. The Belford Dolphin. From Dolphin Drilling…

GDF Suez hits at Dalziel

Mar 12, 2015

GDF Suez E&P UK made a new discovery at the Dalziel structure in the UK Central North Sea. The Transocean Galaxy II jackup. From Transocean.  Well 22/16-6 flowed at rates in excess of 8000…

Petrobras starts early at Búzios

Mar 12, 2015

Petrobras began early production at the deepwater Búzios field offshore Brazil. The Dynamic Producer. From Sembcorp Marine.   Búzios is located in the Santos basin, about 200km off the coast of Rio de Janeiro…

Total North Sea reinvention needed

Mar 12, 2015

A “total reinvention is the level of change that is needed” for the North Sea to move forward and continue to be competitive, energy leaders heard in northeast England yesterday (11 March).  The North Sea’s mature status, high costs,…

PPGC cancels Leviathan deal

Mar 11, 2015

The Leviathan project takes another hit after the Palestine Power Generation Co. (PPGC) gave its notice to cancel its 20-year agreement to supply natural gas for Leviathan, offshore Israel. Map of Israel…

Premier’s Pelikan produces

Mar 10, 2015

Premier Oil’s Pelikan is onstream after gas production began from the field, offshore Indonesia. Map from Premier Oil.   The Pelikan field is located in the Natuna Sea Block A and has 75 Bcf of reserves…

Wood Mack sold to US-based Verisk

Mar 10, 2015

An American data analytics and risk assessment firm based in Jersey City has bought Edinburgh, UK-based energy and mining industry analyst Wood Mackenzie.  Verisk Analytics has agreed to buy the firm for US$2.8 billion from owners Hellman & Friedman and other Wood Mackenzie shareholders…

Spanish Point probe setback

Mar 10, 2015

Drilling on the Spanish Point gas discovery in the northern Porcupine Basin offshore Ireland has again been set back.  Operator Cairn Energy said today (10 March) that the well, planned for 1H this year, had been 'deferred pending discussions…

BP in second Egypt find

Mar 09, 2015

BP made its second gas discovery in the East Mediterranean Sea at its North Damietta Offshore concession in the East Nile Delta. Image from BP.   The discovery was made at the Atoll…

Tap taps Australia's offshore

Mar 09, 2015

Perth, Australia, based explorer Tap Oil has been awarded 100% of Blocks W14-7 and W14-16 in the Barrow and Dampier sub-basins on Australia's North West Shelf. The blocks were awarded as part of Australia's Work Program Round 1, which…

KrisEnergy takes Eni’s Vietnam stake

Mar 09, 2015

Singapore-based KrisEnergy is increasing its stake offshore Vietnam by taking over operatorship and all of Eni Vietnam’s interest. Map of Block 105. From KrisEnergy.   Block 105 that covers 7192sq km at 20-80m water depth…

BP developing Egypt’s West Nile Delta

Mar 06, 2015

BP signed final agreements to develop the US$12 billion West Nile Delta (WND) gas fields, with production set at reaching up to 1.2 Bcf/d in Egypt. BP worker on a platform in the Gulf of Suez. From BP…

Brakes put on Johan Castberg and Snorre projects

Mar 06, 2015

The Barents Sea Johan Castberg development has been delayed yet again and the Snorre 2040 project pushed back as Statoil and its partners look to make further cost reductions on the projects. Statoil is also working with operators to develop a Barents Sea region infrastructure proposal…

Premier starts 2015 Falklands campaign

Mar 06, 2015

Premier Oil spudded its first 2015 Falklands drilling campaign well, 14/15-5, using the Eirik Raude semisubmersible drilling rig on the Zebedee prospect on 6 March. The well, on license PL004b, will test a total of seven stacked fan bodies…

ACCC good with Woodside, Apache deal

Mar 05, 2015

Woodside Petroleum's proposed acquisition of Houston-based Apache's interests in the Wheatstone, Balnaves and Kitimat projects are moving forward after the Australian Competition and Consumer Commission (ACCC) announced that it will not oppose the deal…

TAP offers up offshore pipeline contracts

Mar 04, 2015

Trans Adriatic Pipeline AG (TAP) launched two pre-qualification contracts for the construction of the 105km offshore pipeline section under the Adriatic Sea. The contracts are for engineering, procurement, construction and installation (EPCI)…

Missing workers recovered off Brazil

Mar 03, 2015

The bodies of three crewmembers who went missing after an explosion on the Cidade de São Mateus FPSO last month have been found, the vessel operator BW Offshore announced today (3 March). The death toll from the explosion has now risen to nine…

Porcupine’s potential spikes

Mar 03, 2015

Initial evaluation of 3D seismic data shows that Providence Resources P.l.c.’s Drombeg prospect offshore southwest Ireland, is consistent with those of a large deepwater fan system. The Polarcus Amani 3D seismic vessel…

Technip gets Lula subsea gig

Mar 02, 2015

Tupi BV awarded Technip a contract to supply high technological flexible pipes for the Lula Alto pre-salt oil field off Brazil. Map from Petrobras.   Lula Alto is an ongoing development located in the Santos basin…

Kosmos makes Morocco play-opener

Mar 02, 2015

Kosmos Energy is to plug and abandon its CB-1 well in the Cap Boujdour permit area offshore Morocco after gas and condensate was found – but not in commercial quantities. Despite the non-commerciality of the well, Kosmos CEO Andrew Inglis says the results are positive…

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Petronas Q2 Profit Rises 8%

Petronas Q2 Profit Rises 8%

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Saudi Aramco Pursues IPO Planning Despite Attack

Middle East Risks Keep Oil Prices High

Middle East Risks Keep Oil Prices High

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Transborders Joins Forces with Osaka Gas

BP Awards Caspian ACG Contracts

BP Awards Caspian ACG Contracts

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Senvion to Sell Assets to Siemens Gamesa

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