OE Daily: 2015 / June

 

Woodside's Browse FLNG enters FEED

Jul 01, 2015

After postponing a final investment decision due to the low oil prices last December, Australian operator Woodside Petroleum has announced it will press forward into the FEED phase for its long-struggling Browse LNG mega project. The…

Noble Discoverer now Arctic-bound

Jun 30, 2015

The US Coast Guard (USCG) reported that the Noble Discoverer drillship has left the Port of Everett, Washington, in the early morning hours of 30 June, and is now Arctic-bound. Thus bringing Shell closer to its Chukchi Sea drilling season…

Israel moves ahead with expansion, development

Jun 29, 2015

The Israeli government came to a decision to move forward in the development and expansion of natural gas fields off the country’s coast. Prime Minister Netanyahu. From GPO. 'Today…

Petrobras to cut investment by 41%

Jun 29, 2015

Embattled Brazilian state-owned energy firm Petrobras has approved a new five-year investment plan for 2015-2019, which slashes total investments by 41% from last year’s estimates, the company announced on 29 June. Last year, the company announced it planned a total capex of US$220…

US Supreme Court rejects Deepwater Horizon appeal

Jun 29, 2015

The US Supreme Court rejected BP and Anadarko Petroleum’s appeal relating to billions of dollars owed from Clean Water Act fines for 2010’s Deepwater Horizon spill, according to news reports. Image from USCG…

New drilling outfit takes shape

Jun 29, 2015

Houston-headquartered driller Northern Offshore (NOF) is to be combined with Chinese-controlled Blue Ocean Drilling into a new firm if a deal with Shandong Offshore International Co. worth about US$160 million (NOK 1.3 billion) is agreed…

Eni, KMG to explore Isatay

Jun 29, 2015

Kazakh state-owned KazMunayGas (KMG) and Italian giant Eni finalized commercial terms to move 50% of the suboil use rights of the Isatay block in the Caspian Sea to Eni. Image from Eni. Isatay…

Iranian hope remains, despite delayed deadline

Jun 26, 2015

A deadline between western nations and Iran over the country's nuclear activities in a move which could open the country to international oil firms has once again been delayed. A deal, which would see sanctions lifted on the oil and gas rich nation…

Petrobras scandal reaches Asia

Jun 25, 2015

The Petrobras Lava Jato (Car Wash) scandal is hitting Asia this week, as the names of two Singaporean shipbuilders are coming back into play for allegedly being linked to one of the largest oil and gas bribery and corruption waves to hit South America…

Clair Ridge topsides installed: photos

Jun 25, 2015

Supermajor BP is a step closer to starting up its US$7 billion (£4.5 billion) west of Shetland Clair Ridge development after a major heavy lifting installation campaign.  BP, with partners ConocoPhillips, Chevron and Shell, oversaw the…

Heidelberg spar sets sail

Jun 24, 2015

Anadarko's Heidelberg truss spar has set sail from Ingleside, Texas, to its future home at Green Canyon block 859 in the US Gulf of Mexico. The journey is some 390mi off the Texas coast. The US independent confirmed the news via Facebook on Tuesday…

Statoil cancels rig contract

Jun 24, 2015

Statoil will cancel the contract with the China Oilfield Services Ltd. (COSL) vessel, COSL Pioneer, about 13 months before the expiry date of August 2016, reports the company. COSL Pioneer has been suspended since 8 October 2014 and Statoil…

Greater Njord taking shape at drill bit

Jun 24, 2015

Drilling to further grow the resources around the Njord field in the Norwegian Sea has started, with more expected this year, helping firm up plans for the greater Njord area, according to partner Faroe Petroleum. Concept selection for…

Fire at Pemex unmanned platform out

Jun 23, 2015

A fire aboard Petróleos Mexicanos’ (Pemex) unmanned Akal-H platform was quickly put out on Monday (22 June) in the Bay of Campeche. The Akal-H platform. From Pemex Flickr. Four…

Offshore drillers continue to struggle

Jun 23, 2015

As expected, Hercules Offshore Inc. plans to file for Chapter 11 bankruptcy protection next month as a final solution to its US$1.2 billion debt woes. The firm is one of the first to crash and burn as a result of insufficient cash flow due…

Laggan-Tormore aiming for 3Q start

Jun 23, 2015

Total is expecting to finally achieve first gas on its Laggan-Tormore project in 3Q 2015, according to contractor Petrofac which is set to take a further hit on the project. Petrofac's losses on the 125km subsea-to-shore west of Shetland…

FMC, OneSubsea win Shah Deniz work

Jun 22, 2015

Two additional contracts have been awarded for the Shah Deniz Stage 2 project, offshore Azerbaijan in the Caspian Sea, some 100km south of Baku, operator BP announced. FMC Kongsberg Subsea won a US$297 million contract for the supply of the subsea production system hardware…

Petronas inks rig for Irish drilling

Jun 22, 2015

Petronas subsidiary PSE Seven Heads has agreed a contract to drill on the Midleton prospect offshore Ireland starting in August, according to partner Lansdowne Oil & Gas. PSE Seven Heads, a subsidiary of Petronas' PSE Kinsale Energy will…

Odebrecht CEO arrested in Petrobras scandal

Jun 19, 2015

Brazilian police arrested Odebrecht President and Chief Executive Officer Marcelo Odebrecht with accusations of bribery and corruption in connection with a scandal currently engulfing Brazilian national Petrobras, on Friday, according to news reports…

Total a shoo-in for Shtokman

Jun 19, 2015

Gazprom is welcoming Total back to the Shtokman project upon resuming operations in the Russian sector of the Barents Sea. Image of Gazprom, Total and StatoilHydro signing framework agreement for Phase 1…

Aker, Baker Hughes unite on early phase studies

Jun 19, 2015

Aker Solutions and Baker Hughes are teaming up for their second alliance together for early-phase studies that will provide improvements to the overall economics and value of oil and gas field developments. Image from Aker…

State of the UDW, jackup industry

Jun 19, 2015

The future of offshore oil and gas exploration will be exploited with high-specification jackups and ultra deepwater (UDW) drillships capable of working in high-pressure, high-temperature (HPHT) environments, according to pure-play, high-specification offshore driller…

Gazprom, Shell agree to Sakhalin expansion

Jun 19, 2015

Russian gas producer Gazprom and Shell signed an agreement to expand the Sakhalin-2 LNG project. Sakhalin-2 saw the development of two offshore oil and gas  fields: Piltun-Astokhskoye and Lunskoye, off the north-eastern coast of Sakhalin…

Hercules gets saved

Jun 18, 2015

Houston-based Hercules Offshore entered into a restructuring support agreement with a group of its debt holders that will shakeup the company’s finances and position Hercules to benefit during the expected rebound in the offshore drilling industry…

Chevron sheds Vietnam assets

Jun 18, 2015

PetroVietnam has purchased Chevron’s Vietnamese assets including acreage off the country’s continental shelf and an offshore pipeline project, the Vietnamese national announced on 17 June. Under the deal it struck with Chevron, PetroVietnam…

Wintershall to sell assets to Tellus

Jun 18, 2015

Wintershall, a 100%-BASF subsidiary, plans to optimize its portfolio by selling to Tellus Petroleum its interest in assets in four non-operated fields in a US$602 million deal. The fields include Knarr (where Wintershall owns a 20% interest)…

Erin's Oyo-7 onstream

Jun 18, 2015

Production commenced from Houston-based Erin Energy’s Oyo-7 well offshore Nigeria, with the expectations to double the company’s current production rate out of the Oyo field. The Armada Perdana…

Statoil Mariner deals surpass US$1.5 billion

Jun 17, 2015

Statoil has handed out the largest contracts for the UK North Sea’s Mariner field that are worth more than US$1.57 billion (£1 billion) to the companies established in Aberdeen. Mariner. Image from Statoil…

UTC: Job losses and the new norm

Jun 17, 2015

Globally, some 150,000 jobs have been let go in the oil and gas industry, some 20,000 of those in Norway, a conference in Bergen heard this morning. Statoil executive and Society of Petroleum Engineers (SPE) 2015 President Helge Hove…

Shell, BG merger clears US regulatory hurdle

Jun 16, 2015

Shell has cleared its first hurdle in order to progress its takeover of BG Group, the supermajor announced on 16 June. Shell received an early termination of the US antitrust waiting period from the US Federal Trade Commission. The company…

Tropical storm Bill drives GOM rig evacuations

Jun 16, 2015

Tropical storm Bill in the Gulf of Mexico (GOM) is causing rig evacuations. The storm is 300mi wide, with winds up to 50 mph and rainfall from 6-10in in some areas. Tropical Storm Bill (2015). From NOAA's National Hurricane Center Facebook…

Statoil, EMGS announce cuts

Jun 16, 2015

More woes for the Norwegian oil and gas industry as Statoil announced it would cut potentially 1100-1500 permanent positions and 525 consultants by the end of 2016. 'We regret the need for further reductions, but the improvements are…

Wintershall unmanned L6-B onstream

Jun 16, 2015

Wintershall’s unmanned mini-platform L6-B started the production of natural gas off the Dutch North Sea coast in a restricted military zone. The L6-B unmanned platform.  From Wintershall…

Exxon gets Jotun extension

Jun 15, 2015

The Petroleum Safety Authority Norway (PSA) granted an extension to ExxonMobil to use the Jotun A floating production storage offloading (FPSO) vessel and Jotun B wellhead platform beyond their original expected lifetimes in the North Sea…

Kayaktivists block departing Shell Arctic rig

Jun 15, 2015

Thirteen activists in kayaks intercepted Shell's drilling rig, the Polar Pioneer, in Seattle's Puget Sound as the rig prepared to depart for the Arctic as part of Shell's US$1 billion Arctic exploration and drilling program. Kayaktivists…

Noble targets billion+ bbl Falklands cluster

Jun 15, 2015

Noble Energy started drilling on the potentially play-opening Humpback prospect in the south Falklands basin on Saturday, according to partner Falkland Oil and Gas (FOGL).  According to Noble, Humpback holds 250 MMbbl estimated gross…

1 dead, 60 injured at Mexican Petroleum Congress

Jun 12, 2015

One person is dead and 60 were injured following an event related to the Mexican Petroleum Congress (Congreso Mexicano del Petróleo) being held in Guadalajara last night, according to a report by the Zapopan municipal government’s Facebook page…

Shell gains Court spill response approval

Jun 12, 2015

Shell is on the brink of Arctic exploration after the 9th US Circuit Court of Appeals upheld the US Bureau of Safety and Environmental Enforcement’s (BSEE) approval of the US supermajor’s oil spill response plan (OSRP) on 11 June. The Noble Discoverer…

Lundin hits double Barents pay

Jun 12, 2015

Lundin Petroleum successfully completed drilling two appraisal wells that encountered hydrocarbon pay in the Alta discovery offshore Norway, in the Barents Sea.  The Island Innovator. Image from Island Drilling…

More job cuts expected from Aker, FMC

Jun 11, 2015

Another round of job cuts are on the way as Aker Solutions and FMC Technologies move to reduce their workforces in Norway. Norwegian-based Aker Solutions said on Thursday (11 June) that it notified employees at its subsea services center in Agotnes…

FPSO market to reach US$8.65 billion in 2015

Jun 11, 2015

The global capital spending on newbuild and converted floating production storage and offloading (FPSO) vessels could reach US$8.65 billion this year, according to consultancy firm Visiongain.  The largest spend will be focused on offshore…

PEMEX in quadruple shallow discovery

Jun 11, 2015

Petróleos Mexicanos (PEMEX) discovered four new shallow water fields offshore Mexico with the potential to produce at least 200,000 b/d of crude oil and 170 Bcf/d of gas. Map of shallow water discoveries off Campeche and Tabasco…

Lundin gets Edvard Grieg nod

Jun 10, 2015

Lundin Norway received approval from the Norwegian Petroleum Directorate to drill an appraisal well located southeast of the giant Edvard Grieg field, in the central North Sea. Map of well 16/1-23S…

Italy approves Northern's 3D seismic program

Jun 10, 2015

Italian regulators will allow London-based explorer Northern Petroleum to conduct 3D seismic data studies at two of its wholly-owned permit areas in the southern Adriatic Sea. The approval to conduct new seismic in permits F.R39.NP and F…

Ivar Aasen gets its steel jacket

Jun 10, 2015

Det norske installed the 8900-tonne steel jacket for its Ivar Aasen platform in the North Sea. The Ivar Aasen steel jacket. Images from Det norske. The Saipem-built jacket was lifted in place down to the seabed at 112m water depth…

Åsgard subsea module installation begins

Jun 09, 2015

Statoil started the installation of 22 Åsgard subsea gas compression modules in the Norwegian Sea. Åsgard subsea compressor. Images from Statoil. The Åsgard field lies on the Halten Bank…

Aphrodite deemed commercial

Jun 08, 2015

Noble Energy’s Aphrodite in the Eastern Mediterranean has been deemed commercial, according to the Delek Group. Map of Cyprus. From Noble. Aphrodite is located offshore Cyprus…

Ex-BP exec Rainey acquitted

Jun 08, 2015

A former high-ranking BP executive, David I. Rainey, has been acquitted of charges relating to the 2010 Deepwater Horizon accident. On Friday, the US District Court for the Eastern District of Louisiana dismissed charges that Rainey,…

Kvaerner/KBR JV grabs Johan Sverdrup gig

Jun 08, 2015

After some tough international competition, Statoil chose the Kvaerner/KBR joint venture to take on the US$849 million (NOK 6.7 billion) contract for the complete delivery of the platform topside to the Johan Sverdrup field development in the North Sea…

Shell-Todd JV eye New Zealand drilling

Jun 05, 2015

Shell Todd Oil Services (STOS) is a step closer to its latest drilling program on the Māui field offshore New Zealand.  New Zealand's Environmental Protection Authority (EPA) has given a 35-year marine consent to the company, a joint venture between Shell and Todd Petroleum Mining…

Paragon in jackup sale-leaseback deal

Jun 04, 2015

Houston-based Paragon Offshore entered into a US$300 million sale-leaseback agreement with SinoEnergy for two heavy-duty harsh environment jackup rigs. Propsector 1. From Paragon. According to the terms of the agreement…

McDermott inks PEMEX Ayatsil-C EPCI

Jun 04, 2015

Petróleos Mexicanos (PEMEX) awarded McDermott International an engineering, procurement, construction, installation (EPCI) and pre-commissioning contract for the Ayatsil-C replacement jacket and associated deck installation, offshore Mexico…

EMGS to continue PEMEX 3D EM

Jun 04, 2015

Electromagnetic Geoservices  (EMGS) will return to Mexican waters for Petróleos Mexicanos (PEMEX) to continue a 3D electromagnetic (EM) acquisition that was part of a 2013 contract between the two companies. The BOA Galatea…

North Sea well services' woes

Jun 04, 2015

UK well services contractors have predicted they will suffer a 23% drop in revenues in 2015 as they to feel the full effects of the downturn in oil prices. The drop in 2015 revenues would follow a mere 1% increase in revenues in 2014…

Could US Bill S.1312 end oil export ban?

Jun 03, 2015

Although US producers are currently permitted to export natural gas and refined products, including condensate, US law generally bans most crude oil production from exportation...so far. To be precise, some US crude oil actually is exported…

Mirach to explore off Cambodia

Jun 03, 2015

A drilling exploration program is set to begin at Cambodia Offshore Block D offshore Thailand, after a project cooperation agreement was signed between subsidiaries of Mirach Energy and Landocean Energy.  Map of Block D…

Sterling takes a stake in Mauritania

Jun 03, 2015

Tullow Oil is looking to drill on its Block C-10 acreage offshore Mauritania in 2016, according to Sterling Energy. Sterling, which has just agreed to acquire a 13.5% stake in Block C-10 says Tullow has identified a drill-ready Neocomian…

Aker gets first Mexico gig

Jun 03, 2015

Saipem awarded Aker Solutions its first order offshore Mexico at the Pemex-operated Lakach deepwater natural gas field. Lakach map. From Pemex. Lakach, Mexico's first subsea gas development with onshore processing facilities…

Petrobras in Poco Verde find

Jun 02, 2015

Petrobras encountered a new oil accumulation at its ultra deepwater Sergipe basin at the Poco Verde field, offshore Brazil. Poco Verde map. From Petrobras. Well 3-SES-189 (Poco Verde well 4) is located in concession BM-SEAL-4…

DOI, Shell get more Arctic backlash

Jun 02, 2015

A total of 12 groups are challenging the US Department of Interior’s (DOI) decision to reaffirm the 2008 Chukchi Sea lease sale that will allow oil and gas drilling in a nearly 30 million acre area of the Chukchi Sea outer continental shelf (OCS)…

Big Foot delayed

Jun 02, 2015

First production for Chevron’s Big Foot in the Gulf of Mexico is being delayed after its subsea installation tendons suffered damages. Big Foot. From Chevron. The US supermajor…

Egypt, Eni sign US$2 billion deal

Jun 01, 2015

The Egyptian General Petroleum Corp. (EGPC) and Italian giant Eni entered into a US$2 billion deal for exploration and development activities offshore Egypt. Image from Egypt Ministry of Petroleum…

Delek wants more Cyprus stake

Jun 01, 2015

Israel’s Delek Group is proposing a US$155 million deal to acquire 19.9% stake in Block 12, offshore Cyprus, from Houston-based Noble Energy. Map from Noble. Block 12 covers approximately 2684sq km in the Eastern Mediterranean Sea…

Oil majors call for carbon price

Jun 01, 2015

Oil majors BG Group, BP, Eni, Royal Dutch Shell, Statoil and Total are jointly calling for international governments and the United Nations to introduce carbon pricing systems which could eventually be internationally connected.  In what…

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