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OE Daily: 2017 / February

Tuesday, 28 February 2017 10:45

BP production on the rise

BP’s five-year plan has revealed the next wave of its competitive projects with potential new final investment decisions (FID), a list of several offshore projects…
Tuesday, 28 February 2017 08:28

Video: Shell takes Kaikias FID

Shell and Mitsui Oil Exploration have taken the final investment decision for phase one of the Kaikias deepwater project in the US Gulf of Mexico,…
Tuesday, 28 February 2017 03:31

Equatorial Guinea extends licensing round

Equatorial Guinea's Ministry of Mines and Hydrocarbons has extended the closing date of its 2016 Licensing Round, due to a "wave of new exploration interest"…
Monday, 27 February 2017 14:37

Trión first oil set for 2023

Mexico’s Petróleos Mexicanos (Pemex) expects to carry out exploration activities at Trión this year, with initial production slated to start in 2023. Image of José Antonio…
Monday, 27 February 2017 13:27

Chevron reaches Mad Dog 2 FID

Chevron reached its final investment decision (FID) for Mad Dog 2 in the Gulf of Mexico, paving the way for the BP-operated project to reach…
Monday, 27 February 2017 09:50

Kosmos to accelerate off West Africa

Dallas-based Kosmos Energy is looking to drill “the industry’s most prospective exploration wells,” as the company moves towards its second phase of exploration offshore Mauritania and Senegal.…
Monday, 27 February 2017 04:08

Cook Inlet lease sale announced

The Bureau of Ocean Energy Management (BOEM) has revealed plans to offer about 1.09 million acres in the Cook Inlet, offshore Alaska, in a proposed…
The US Department of Justice (DOJ) has charged Wood Group PSN with criminal conduct, ordering the company to pay US$9.5 million in fines for two…
Friday, 24 February 2017 03:09

Exxon, Sevan ink FLNG frame agreement

Norwegian cylindrical floating production unit designer Sevan Marine won a long-term framework agreement with US supermajor ExxonMobil. Sevan Marine has been working with ExxonMobil since…
Thursday, 23 February 2017 03:52

Noble sanctions Leviathan

Noble Energy has sanctioned the US$3.75 billion phase one of the giant Leviathan project, as partners in the Israeli gas field have approved the final…
Wednesday, 22 February 2017 04:20

Gazprom to start Okhotsk Sea drilling

Russia's Gazprom Neft is set to drill the first exploration well on the Ayashsky Block in the Sea of Okhotsk after signing a contract for…
Tuesday, 21 February 2017 09:58

Statoil issued Troll order

Norway’s Petroleum Safety Authority (PSA) has issued an order after identifying several regulation breaches at Statoil’s Troll field, stemming from an investigation of an “out…
Tuesday, 21 February 2017 03:33

Western Isles FPSO close to sailaway

Dana Petroleum's long delayed Western Isles cylindical floating production unit (FPSO) is finally set to start its journey to Europe in coming days, says designer…
US oil major Chevron has picked up a new exploration permit in a "gas-rich" part of the Carnarvon Basin, offshore western Australia.  Chevron paid US$2.3…
Friday, 17 February 2017 10:39

Pil & Bue FID set for year-end

VNG Norge is targeting a final investment decision on its Pil and Bue development in the Norwegian Sea by the end of this year. Map…
Friday, 17 February 2017 09:20

Statoil closer to Verbier spud

Statoil is preparing to drill the Verbier prospect in the UK North Sea, with a rig anticipated to be in place by this summer, according…
Friday, 17 February 2017 04:23

First oil achieved at Stella

First oil has been achieved at the Stella floating production project in the UK North Sea. The Greater Stella Development had been planned to come…
Friday, 17 February 2017 03:11

Kraken FPSO hooked up, on track

UK independent EnQuest says first oil from its US$2.6 billion Kraken heavy development in the UK North Sea is on track for Q2 after hook-up…
Thursday, 16 February 2017 07:31

Shell loses MISC Gumusut-Kakap arbitration

Malaysia's MISC Berhad has won its battle in court against supermajor Shell over contractual disputes concerning the construction and lease of the Gumusut-Kakap semi-floating production…
Thursday, 16 February 2017 03:40

Chariot targets 1 billion bbl off Morocco

UK independent Chariot Oil & Gas has been awarded a 75% interest and operatorship of the Kenitra offshore exploration permit, in Morocco. Chariot says Kenitra,…
Wednesday, 15 February 2017 10:22

Energean to gain Israel funding, partner

Energean Oil & Gas stands to gain a US$50 million investment from Kerogen Capital for its Karish and Tanin gas fields, offshore Israel. The move…
Wednesday, 15 February 2017 08:43

Wintershall submits Skarfjell development plan

Germany's Wintershall has submitted its Skarfjell field development plans to Norway's Ministry of Petroleum and Energy. Image from Wintershall. The proposed solution, which was first…
Monday, 13 February 2017 16:10

Leviathan first gas set for 2019

Noble Energy is moving forward with the development of its giant Leviathan project offshore Israel, with first gas targeted for the end of 2019. Image…
Monday, 13 February 2017 03:08

Lundin Filicudi discovery has upside

Swedish oil explorer Lundin Petroleum says its 35-100 MMboe gross resource oil and gas discovery in its Filicudi exploration well in the Barents Sea has…
A new, US$224 million (£180 million) center aimed at making Aberdeen a center of oil and gas technology has been launched today. The launch of…
Thursday, 09 February 2017 11:40

Total to start 10 projects

French giant Total will launch 10 upstream projects in the next 18 months, as the company targets a US$3.5 billion costs savings for the year.…
Thursday, 09 February 2017 03:54

BHP approves Mad Dog Phase 2 spending

BHP Billiton's board has approved to spend US$2.2 billion for its share of BP's Mad Dog Phase 2 development costs in the US Gulf of…
Wednesday, 08 February 2017 08:11

Eni starts up East Hub Development off Angola

Eni started production five months ahead of schedule at its East Hub Development Project, offshore Angola. Image of the Armada Olombendo, from Eni. The East Hub…
Wednesday, 08 February 2017 04:16

Tullow targets 2H Suriname Araku probe

Independent explorer Tullow Oil is lining up a string of exploration projects this year, including targeting the 500 MMbo Araku prospect offshore Suriname in 2H…
Wednesday, 08 February 2017 03:23

Shell's Brent decom proposal put to government

Oil major Shell has launched a 60-day public consultation on its plans for decommissioning the Brent field facilities in the North Sea. The huge engineering…