OE Daily: 2015 / May

 

Statoil wins its first Nicaraguan licenses

May 29, 2015

Statoil will make its first moves into Nicaraguan waters after the country awarded the Norwegian explorer four licenses off its Pacific coastline.  The 29 May announcement came after meetings last September where delegates from Statoil and the state oil company…

Petrobras hits at Carcará

May 29, 2015

Brazilian giant Petrobras encountered light oil pay at the second appraisal well at its Carcará pre-salt discovery offshore Rio de Janeiro, according to partner Queiroz Galvão Exploração e Produção (QGEP). ODN II…

Statoil's Cat D rig deliveries near

May 29, 2015

Rig owner and operator Songa Offshore is close to taking delivery of the first two of four Cat D rigs it is building to work for Norway’s Statoil.  The Songa Equinox has completed sea trials and is scheduled for delivery mid-June. The…

Seadrill down, but not out

May 28, 2015

Seadrill’s 1Q 2015 results showed the company’s revenue at US$1.244 million, down just 1.36% from $1.261 million in 4Q 2014. The West Jupiter. Image from Seadrill. Operating profit skyrocketed to a whopping 35…

NTSB: Shell to blame for Kulluk grounding

May 28, 2015

The National Transportation Safety Board (NTSB) is naming Shell as being ultimately responsible for the grounding of the Kulluk ice-class mobile offshore drilling unit (MODU) in 2012 offshore Alaska, due to the company’s inadequate assessment of the risk for the towing…

Det norske gets Ivar Aasen go ahead

May 28, 2015

Det norske oljeselskap received a green light for drilling an appraisal well on the Ivar Aasen field, from the Norwegian Petroleum Directorate. Ivar Aasen. From Det norske. Drilling at well 16/1-22 A…

Premier confirms Isobel Deep oil find

May 28, 2015

Premier Oil’s “high-impact, play-opening” Isobel Deep North Falkland Basin well has made an oil discovery, the operator confirmed this morning, in higher than expected reservoir pressure. Operations have been suspended and the rig will be released to drill in the South Falkland Basin…

Woodside exits Tanzania PSA

May 27, 2015

Australia’s Woodside Petroleum will exit the Lake Tanganyika South block it farmed into last July, according to partner Beach Energy. Beach Energy made the announcement on 27 May that Woodside decided not to enter the next phase of exploration on the production sharing agreement (PSA)…

Tullow spuds Zumba

May 27, 2015

Tullow Oil began exploration drilling at the Zumba prospect in the Norwegian Sea, according to partner North Energy. The Leiv Eiriksson. From Ocean Rig. Zumba is located in production licence 591…

Aibel inks Oseberg FEED

May 27, 2015

Aibel has been chosen to conduct a front-end engineering and design (FEED) study for Statoil's Oseberg Future Development Brownfield Topside project. The Oseberg Future Development Brownfield Topside project involves connecting what would…

Pemex restructures E&P subsidiary

May 27, 2015

Pemex’s board of directors approved a restructuring plan for its subsidiary Pemex Exploration and Production (PEP) on 22 May, the Mexican national oil company announced. The board of directors created a steering committee for PEP, designating Juan Javier Hinojosa Puebla…

Chevron, Exxon pre-qualify for Mexico's Round One

May 26, 2015

Supermajors Chevron and ExxonMobil were two of 26 companies, both privately and in consortia, that have earned the right to submit bids for Mexico’s Round 1 to be held on 15 July, the country’s National Hydrocarbons Commission (CNH) announced on 25 May…

Israel's antitrust commissioner to resign

May 26, 2015

In a potential stroke of good news for Noble Energy, the Director General of the Israeli Antitrust Authority, David Glio, announced his resignation on 25 May. However, Glio will remain in his role until August. Glio’s resignation is notable…

BW Offshore to recoup losses from fire

May 26, 2015

Floating production unit operator BW Offshore has taken a hit in revenues and profits following a fatal fire on one of its vessel offshore Brazil.  However, the firm says it will recoup its losses after the fire on the Cidade de São Mateus floating production…

Odfjell: Weak MODU market 2015-2017

May 22, 2015

The mobile offshore drilling unit (MODU) market continues to weaken in 2015, reports Odfjell Drilling during its 1Q 2015 investor presentation. The North Sea rig supplier expects the weak MODU market to continue during the next couple of years…

India signals interest in Mexico, Colombia

May 21, 2015

India’s petroleum minister Shri Dharmendra Pradhan led a delegation to Mexico and Colombia this week to meet with officials in each country in hopes of transforming the relationship among the three countries from “buyer-seller” to an “energy partnership…

WorleyParsons's US$55 million to XOM

May 21, 2015

Australia-based WorleyParsons will pay US$55 million to an ExxonMobil (XOM) subsidiary after reaching a settlement on a dispute over a $550 million contract for engineering work for an offshore drilling platform it designed. In 2008, WorleyParsons was contracted by Exxon Neftegas…

Deepwater Horizon settlements reached

May 21, 2015

Both Halliburton and Transocean have reached settlement agreements with BP over the 2010 Deepwater Horizon incident in the Gulf of Mexico. The Deepwater Horizon incident occured on 20 April 2010, spilling millions of barrels of oil into…

Inefficiency greatest cost culprit

May 21, 2015

Inefficiency has been a key culprit in the increase in North Sea operating costs, executives at an exploration and development conference were told in Aberdeen. McKinsey's Dan Cole told the 2015 DEVEX Conference that at least a third…

Blaze on Fugro Symphony vessel

May 20, 2015

Fugro confirmed that a fire broke out on its Fugro Symphony survey vessel as it was docked at the Peterhead Harbour in the UK. Image of the Fugro Symphony. From Fugro Subsea. The fire broke out early Wednesday morning around 2:30 a…

APPEA: Industry focus needed on costs, competiveness

May 20, 2015

The oil and gas industry needs to focus on cost and competitiveness to thrive in the current low-oil-price environment, says Australian Petroleum Production & Exploration Association (APPEA) Chairman Martin Ferguson. His comments were echoed by Roy Krzywosinski…

Statoil: Gudrun could have been fatal

May 20, 2015

Statoil launched its own investigation following a condensate leak on the Gudrun platform in February 2015 and found it to be of the highest degree of seriousness that could have been fatal. Gudrun…

Kite-like subsea energy device takes off

May 20, 2015

Swedish marine energy company Minesto has been awarded a US$14.4 million (€13 million) investment from the European Regional Development Fund (ERDF) through the Welsh government to roll out its Deep Green tidal power plant. Deep Green…

Hercules sells rigs, cuts workforce

May 19, 2015

Houston-headquartered drilling contractor Hercules Offshore sold four jackups that had been previously cold stacked since 2009. Despite the sale, 11 rigs in the company’s fleet remained cold stacked, five were added to that list this year alone…

US senators propose offshore energy bill

May 19, 2015

The US Senate Energy and Natural Resources Committee held a hearing regarding US Senator Bill Cassidy’s legislation S. 1276, the Offshore Energy and Jobs Act of 2015, to expand offshore energy production by opening parts of the Outer Continental…

Unmanned floating FLNG - the next frontier

May 19, 2015

Norwegian classification and verification outfit DNV GL unveiled an unmanned floating LNG concept, which it thinks could unlock the potential of remote offshore gas fields. DNV GL's Solitude concept…

Oil shows, but another Falklands delay

May 19, 2015

Premier Oil’s high-impact Falklands Isobel Deep well has hit oil shows in a suspected high pressure formation, partner Rockhopper Exploration said this morning (19 May). But, the area will now have to be cased, delaying the drilling program…

Mexico ramps up Gigante seismic work

May 18, 2015

Mexico is ramping up its offshore seismic data acquisition with recent awards to TGS-NOPEC and Norway-based Petroleum Geo-Services (PGS). The Atlantic Explorer. From PGS. Mexico's…

BP gains West Nile Delta stake

May 18, 2015

BP increased its interest in the US$12 billion West Nile Delta (WND) project in Egypt after partner DEA farmed down its stake. Map of Nile Delta. From DEA. According to DEA, the…

Kosmos in further Tortue find

May 18, 2015

Kosmos Energy hit additional hydrocarbon pay at its Tortue-1 exploration well offshore Mauritania, western North Africa. Mauritania map. From Kosmos. Tortue-1 is located in Block C8…

Mozambique LNG a step closer

May 18, 2015

Anadarko’s offshore Mozambique Offshore Area 1 development has taken a step closer with the signing of contractors for the onshore LNG terminal.  A consortium consisting of CB&I, Chiyoda Corp. and Saipem were picked following a front end engineering and design (FEED) tender process…

XOM discovers oil off Guyana coast…maybe

May 15, 2015

According to Guyanese Online, Reuters, MercoPress and other news organizations, an ExxonMobil subsidiary and its partners have discovered hydrocarbons offshore Guyana, but the Guyanese government reports that it is not sure if the discovery can be confirmed in commercial quantities…

Seattleites protest Arctic drilling

May 15, 2015

Transocean’s Polar Pioneer has recently become the center of attention in Seattle. On 12 May 2015 a request was made by the Port of Seattle commissioners which asked Shell to postpone the rig’s move to the Port of Seattle’s Terminal 5 while permitting issues are worked out…

Gambia grants Erin extension

May 15, 2015

Houston-based, Africa-focused explorer Erin Energy, formerly CAMAC, has been granted a 24-month extension on two of its offshore Gambia licenses. Erin Energy, which operates the blocks with 100% interest, received approval to extend the…

Maersk and Awilco operational updates

May 15, 2015

Maersk Drilling and Awilco Drilling reported operational updates for 1Q 2015. Maersk Drilling realized a profit of US$116 million during 1Q 2015 due to fleet growth and operational performance, despite two idle rigs. The result is attributed…

Alma, Galia start up nears, Kraken on track

May 15, 2015

North Sea operator EnQuest says its North Sea projects - Alma/Galia and Kraken are both on track, with the first due to start up mid-2015 and the second in 2017. The firm is currently preparing to start pulling in risers on the EnQuest Producer floating production…

Pemex reassigns Hernandez, drops jackups

May 14, 2015

Mexican operator Pemex has reassigned Pemex Exploration and Production (PEP) Director General Gustavo Hernandez and replaced him with chief of staff Juan Javier Hinojosa Puebla, several news wires report. Bloomberg said that Hernandez…

Trelleborg provides technology in West Africa

May 14, 2015

Trelleborg’s engineered products operation has successfully completed its supply of floatover equipment for Phase 3 of the DSO Escravos gas project, which is the operation’s first floatover in West Africa. Contracted by Hyundai Heavy Industries (HHI)…

Trelleborg provides technology in West Africa

May 14, 2015

Trelleborg’s engineered products operation has successfully completed its supply of floatover equipment for Phase 3 of the DSO Escravos gas project, which is the operation’s first floatover in West Africa. Contracted by Hyundai Heavy Industries (HHI)…

Activity ramps up on FPF-1 conversion

May 14, 2015

Work on UK independent Ithaca Energy's Greater Stella Area (GSA) floating production unit is reaching a peak in Remontowa's Polish shipyard. Ithaca says manning levels on the FPF-1 vessel have been at historic highs over recent weeks…

OTC 15: Shell talks Arctic plans

May 13, 2015

Shell’s Executive Vice President, Arctic, Ann Pickard discussed the supermajor’s investment and current challenges facing its Arctic exploration program at this year’s Offshore Technology Conference (OTC) in Houston on 5 May 2015. In the summer of 2015…

Mayer Brown: When will prices recover?

May 13, 2015

At Mayer Brown’s recently held 10th Annual Global Energy Conference, a panel of economists and industry leaders were asked to answer the burning question of the day: When will oil prices recover? Despite the fact that the learned executives had left their crystal balls at home…

Mayer Brown: How to survive low oil prices

May 13, 2015

With West Texas Intermediate trading at US$60.13/bbl and NYME natural gas set at $2.94/MMBtu, hydrocarbon producers are looking for ways and means to survive the low price environment. Some of those that are best weathering the storm are those that made specific choices before the fall…

Ocean Victory arrives in Trinidad and Tobago

May 13, 2015

Diamond Offshore's Ocean Victory semisubmersible drilling rig has arrived in Trinidad and Tobago to start drilling operations for BP.   The rig, which is currently taking on personnel, equipment and supplies, in port, is due to move to the Juniper field…

Solan on for 2015 first oil

May 13, 2015

Premier Oil is planning to make sanction decisions on its Falkands Sea Lion and Norwegian Vette developments in 2016, the operator said this morning.  The plans come as the firm says it is making “improved progress” on the completion…

OTC15: Ghana seeks foreign investment

May 12, 2015

Ghana is an emerging oil and gas producing country with “enormous potential,” says Alex Mould, chief executive of Ghana National Petroleum Corp. (GNPC). “We are looking for joint ventures and strategic alliances.” Mould made his comments at the recently held Offshore Technology Conference…

Subsea 7 to cut workforce, vessels

May 12, 2015

Subsea 7’s cost reduction program announced today includes cuts to its workforce by almost 20%, vessels by 28%, and is expected to lead to a corporate restructuring.  Image from Subsea 7. The…

AziNam gets Namibia operatorship

May 12, 2015

AziNam, an offshore, Namibia-based exploration company, received government approval to assume operatorship of Petroleum Exploration License (PEL) 34 offshore Namibia. During 2014, AziNam increased its working interest in PEL 34 from 20% to 40%…

Dockwise Vanguard loads first ship-shaped FPSO

May 12, 2015

Boskalis-subsidiary Dockwise loaded the first ship-shaped floating, production, storage and offloading vessel (FPSO) onto the largest semisubmersible heavy transport vessel in the world. The Armada Intrepid FPSO was loaded onto the Dockwise Vanguard in the Caland canal…

Europa eyes 1.5 billion boe Irish potential

May 12, 2015

UK-based offshore Ireland explorer Europa Oil & Gas says an independent review of Frontier Exploration License 3/13 estimates it contains nearly 1.5 billion boe prospective resources and the potential for a “play-opening” first well. The estimate…

Drilling resumes offshore Falklands

May 12, 2015

UK-based operator Premier Oil resumed drilling on the Isobel Deep 14/20-1 well in the North Falkland Basin following repairs to the blowout preventer (BOP) stack. Drilling operations on the Eirik Raude semisubmersible drilling rig were…

BOEM approves Shell Arctic plan

May 11, 2015

The US Bureau of Ocean Energy Management (BOEM) granted conditional approval of Shell’s multi-year exploration plan for the Chukchi Sea today (11 May). The approval comes after what the agency described as a “comprehensive review.” Last month…

South Stream project on again…for now

May 11, 2015

Saipem reports that it has received notice that its client, South Stream Transport BV, which is controlled by Gazprom, is lifting the suspension of work under the contracts, and that Saipem should commence work on the offshore pipeline in the Black Sea…again…

Delfin proposes first GoM FLNG

May 11, 2015

Delfin LNG submitted an application to construct, own and operate the Delfin LNG project (Port Delfin) in the Gulf of Mexico (GoM) under the Deepwater Port Act (DWPA). Map from Delfin.  The…

Accommodation modules reach Perenco Rio del Rey

May 11, 2015

This month, Jumbo Javelin transported two massive accommodation modules from Trogir, Croatia, to Limbe, Cameroon, in one go for Perenco Rio del Rey. The basin has seen recent development activity since Cameroon's state oil company, National Hydrocarbons Corp…

Cairn outlines major Senegal exploration plan

May 11, 2015

UK-based explorer Cairn Energy is ramping up its exploration and appraisal work offshore Senegal following the firm’s two major discoveries in the country made last year.  Cairn is planning a “very ambitious” three-year evaluation plan…

Repsol reorganizes after Talisman takeover

May 08, 2015

Spain’s Repsol is rolling out a new organizational structure following the acquisition of Canadian oil company Talisman Energy that places Repsol as one of the world’s largest private oil companies. Imaz…

OTC15: Nanotechnologies for oil and gas

May 07, 2015

Nanotechnology has an abundance of applications for the oil and gas industry, according to a group of research scientists who addressed attendees Offshore Technology Conference in Houston. From non-stick fluids to contamination warning systems…

OTC15: Jack/St. Malo sets the trend

May 07, 2015

The Jack/St. Malo development is a bellwether for the Lower Tertiary Trend, Stephen Thurston, vice president of deepwater exploration and projects for Chevron said at the Offshore Technology Conference (OTC) this week. The Jack and St. Malo fields…

OTC15: China emerging

May 06, 2015

At an industry breakfast organized by OTC and the US Department of Commerce, experts said China was chosen as topic of discussion because of its emerging oil and gas business investment opportunities. OTC…

OTC15: IADC introduces WellSharp

May 06, 2015

The International Drilling Associate of Contractors (IADC) introduced the newest well control training and assessment program WellSharp at this week’s Offshore Technology Conference (OTC) in Houston. Polk…

OTC15: Low oil price challenges for GoM companies

May 05, 2015

Low oil prices are challenging oil and gas operators. Two Houston-based companies, Fieldwood Energy and Schlumberger, whose operations are mainly in the Gulf of Mexico (GoM) discussed some challenges that their companies face due to today’s…

OTC15: Day two roundup

May 05, 2015

OE staff reports from the Offshore Technology Conference in Houston on Tuesday, 5 May 2015. Vietnamese delegates addressed challenges and opportunities in fractured basement reservoirs on Tuesday morning’s “Understanding the Challenges of Vietnam Fractured Basement Exploration…

OTC15: GE Oil & Gas expands software portfolio

May 05, 2015

GE Oil & Gas is expanding its oil and gas business, according to a group of GE executives speaking at this week's Offshore Technology Conference (OTC) in Houston. The company is focusing more closely on its clients’ needs and is expanding…

Erin Energy begins Oyo-8 production

May 04, 2015

Houston-based Africa focused Erin Energy Corp. began production from the Oyo-8 well offshore Nigeria. Oyo-8 flare. Image from Erin Energy. Oyo-8 is located in OML 120 in 1000ft of water…

OTC15: Day one, round two

May 04, 2015

At the session “Pumps and Pipes Innovation in the Oilfield and Cardiovascular Medicine” at OTC 4 May, experts explained how interestingly the medical and energy sectors use similar technologies. Image from OTC…

OTC15: Day one roundup

May 04, 2015

The oil and gas industry must rely on technology, collaboration and several industries, including academia to excel in the advances of emerging offshore technology trends, BP Chief Operating Officer of Reservoir Development and IT&S James…

BP in danger, Hess safe

May 01, 2015

In the words of a wildly popular weekly US television series: “BP, you are in danger. Hess…you’re safe!” Due to current low oil price realizations, BP's consolidated cash flows in 1Q fell to about US$1.9 billion, a significant fall from a year ago…

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