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OE Daily: 2017 / June

Baker Hughes stockholders voted 99% to approve its merger with GE Oil & Gas, the company announced today (30 June). The company says that shares…
Subsea 7 has acquired parts of EMAS Chiyoda Subsea (ECS), following the firm's fall into Chapter 11 bankruptcy proceedings in the US. The Lewek Constellation.…
Thursday, 29 June 2017 15:28

DOI seeks insight for new OCS lease plan

The U.S. Department of Interior (DOI) is taking its first step in fulfilling the Trump administration’s pledge to expand Outer Continental Shelf (OCS) oil and…
Shell's floating LNG behemoth Prelude has set sail from Samsung Heavy Industries' yard in South Korea. Shell described the sailaway as a "significant milestone" for…
Thursday, 29 June 2017 04:20

Wood Group wins White Rose work

Husky Energy has moved forward with its White Rose project offshore eastern Canada by awarding a multi-million dollar engineering contract to the UK's Wood Group.…
A new cost estimate for decommissioning all oil and gas infrastructure on the UK Continental Shelf has been put at US$77.45 billion (£59.7 billion), an…
Wednesday, 28 June 2017 08:20

Rosneft, Maersk hit by Petya cyber attack

Rosneft and A. P. Moller Maersk, which owns drilling firm Maersk Drilling and oil firm Maersk Oil, as well as a huge container shipping business,…
Suriname's oil agency Staatsolie has agreed to award a production sharing contract for offshore Block 59 to a consortium consisting of ExxonMobil, Hess and Statoil…
Monday, 26 June 2017 03:12

Kraken comes on stream

First oil from the US$2.5 billion Kraken floating heavy oil development in the UK North Sea has been announced. The Kraken development, about 125km east…
Thursday, 22 June 2017 10:37

Eni enters series of Kazakhstan deals

Eni has lined up a series of agreements with the Astana government that will see the Italian giant have the rights to explore the Isatay…
Thursday, 22 June 2017 09:32

Three way merger forms SolstadFarstad

A merger between three companies: Solstad Offshore, Farstad Shipping and Deep Sea Supply, have formed the new company SolstadFarstad, creating an offshore service vessel giant…
Thursday, 22 June 2017 08:12

Updated: Gjoa leak shuts down production

Engie E&P has found the cause of a gas leak that shut down production at the Gjøa field offshore Norway on Wednesday (21 June). Gjøa.…
Hilcorp Alaska was the sole bidder in Cook Inlet Lease Sale 244, the first lease sale held in Alaskan federal waters since 2008. Map from…
Gulf of Mexico oil and gas operators have evacuated workers and secured offshore facilities to prepare for the impact of Tropical Storm Cindy. Source: Accuweather As…
Wednesday, 21 June 2017 09:07

Marathon submits Brae decom plan

Marathon Oil has submitted to the UK Department for Business Strategy and Industrial Strategy a consultancy draft of plans to decommission its Brae Alpha, Brae…
The spar between Woodside Petroleum and Far Ltd. continues, as Woodside says arbitration proceedings filed by Far have no merit. Woodside CEO Peter Coleman. Woodside…
Tuesday, 20 June 2017 15:37

Statoil gets go-ahead for Njord, Bauge

Norwegian authorities have approved Statoil’s estimated US$2.3 billion (NOK20 billion) plan of development and operation (PDO) for the Njord and Bauge fields in the Norwegian…
If one thing is certain, it’s that oil prices fall, rise, and then fall again and that the dynamics driving prices are complex and will…
Tuesday, 20 June 2017 07:43

Energean submits Karish and Tanin FDP

Energean Oil & Gas has submitted the field development plan (FDP) for the Karish and Tanin natural gas fields offshore Israel, with a target of…
Monday, 19 June 2017 09:03

Mexico's Round 2.1 awards 10 blocks

Mexico is celebrating its successful shallow water round, Round 2.1, which has awarded 10 of 15 blocks in the Gulf of Mexico today (19 June).…
Monday, 19 June 2017 03:26

Rosneft finds oil under Laptev Sea

Russia's Rosneft says it has made a new oil discovery in the Laptev Sea, in the Russian Arctic. Rosneft says the Tsentralno-Olginskaya-1 well is the…
ExxonMobil and partner Hess have made a final investment decision to proceed with a US$4.4 billion first phase of development of the giant Liza field,…
Thursday, 15 June 2017 13:20

VNG Norge submits Fenja assessment

VNG Norge estimates its development plan for the Fenja field to cost US$1.3 billion (NOK$11.5 billion), the company said in a 15 June impact assessment…
Wood Group's proposed US$2.7 billion takeover of Amec Foster Wheeler has been overwhelmingly approved by shareholders at both companies, paving the way for the merger…
Thursday, 15 June 2017 09:26

BP, Reliance sign deepwater India pact

BP and Reliance Industries Ltd. (RIL) reported Thursday they would spend US$6 billion on three projects to develop deepwater gas resources offshore India that would…
Production efficiency (PE) on the UK Continental Shelf (UKCS) has risen for a fourth consecutive year to 73%, according to a new publication released by…
Lukoil has completed the fifth production well for the Vladimir Filanovsky field in the Caspian Sea, and is constructing a sixth well to be used…
Wednesday, 14 June 2017 10:43

Maersk delays nine newbuilds

Maersk Supply Service (MSS) has reached agreements with two shipyards to delay nine of its newbuild vessels due to the current market situation. Maersk Master.…
Wednesday, 14 June 2017 08:45

Sea Lion sanction set for 2018

Premier Oil’s Sea Lion project is on the path to being sanctioned next year following substantial progress, with first oil targeted in 2021, according to…
Erin Energy is expecting to double its production by 6000-7000 b/d with help from the Oyo field offshore Nigeria, as the company plans to accelerate…
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