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OE Daily: 2017 / June

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…
Tuesday, 13 June 2017 08:35

Eni submits Alaska drilling plans

Italian giant Eni has submitted its proposal to the Bureau of Ocean Management (BOEM) for a drilling program offshore Alaska, from the man-made island, Spy…
Monday, 12 June 2017 14:21

Baker Hughes, GE gain DOJ approval

Baker Hughes and GE are one step closer to closing their proposed merger, after reaching an agreement with the US Department of Justice (DOJ), allowing…
Monday, 12 June 2017 12:49

BP, Sirius in Ororo offtake talks

Sirius Petroleum has confirmed that the company is in talks with supermajor BP regarding an offtake and pre-payment facility to support Sirius in its financing…
Monday, 12 June 2017 09:11

Stone spuds Rampart Deep prospect

Stone Energy Corp. spud a well at the Rampart Deep prospect in the Gulf of Mexico last week (3 June) with a recently warm stacked…
Three workers have now been killed following an explosion offshore Brazil. On Friday (9 June), Petrobras had reported that one person had died and three…
Friday, 09 June 2017 10:20

Pemex accelerates farm-out plans

Pemex plans to accelerate its farm-out strategy in a move to increase production, and gain access to the latest technology, the company’s CEO José Antonio…
Norwegian oil firm Statoil is set to take over BP's mantle in Australia's Great Australian Bight after agreeing a swap deal with the oil major.…
Thursday, 08 June 2017 10:10

Woodside, Far in SNE squabble

Woodside Petroleum is accusing Far Ltd. of not supporting its arrangement to undertake development work at the SNE oil field offshore Senegal, however Far has…
Tullow Oil is planning a 2550sq km 3D seismic survey on the Orinduik Block offshore Guyana, close to ExxonMobil's giant Liza discovery with plans to…