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OE Daily: 2017 / November

A US$3.36 billion (DKK21 billion) investment into a redevelopment of the Tyra gas field on the Danish Continental Shelf has been approved by the Danish…
Thursday, 30 November 2017 10:36

Kraken production ramps up

EnQuest says its Kraken field is on track to reach 50,000 bo/d gross in the first half of 2018 after achieving month on month production…
Wednesday, 29 November 2017 13:04

Beach acquires Ironbark interest, option

Australia-based Beach Energy will farm into two adjoining permits in the Carnarvon Basin offshore Western Australia that contain the gas-condensate prospect Ironbark. Ironbark map. Source:…
Wednesday, 29 November 2017 00:15

North Sea decom scale highlighted

Nearly 350 fields are expected to be decommissioned between now and 2025 across the UK, Norwegian, Danish and Dutch sectors of the North Sea, with…
The US Bureau of Safety and Environmental Enforcement (BSEE) has approved Eni’s drilling plans for the Beaufort Sea offshore Alaska. US Arctic offshore Source: BSEE…
Tuesday, 28 November 2017 09:50

Hebron production begins flowing

ExxonMobil has initiated production from its Hebron field development project offshore eastern Canada, the company announced today (28 November). Expected to peak at 150,000 bo/d,…
Monday, 27 November 2017 12:56

New CEO to take Pemex reins

Carlos Alberto Trevino Medina, Pemex's corporate director of administration and services, will succeed Jose Antonio Gonzalez Anaya as CEO of the company, Mexican President Enrique…
Monday, 27 November 2017 04:17

Libra achieves first oil

Petrobras and its partners have achieved first oil from the mega pre-salt development Libra, the operator announced today (27 November). Libra is in the ultra-deep…
French oil major Total is to sell out of its delayed Martin Linge development and the Garantiana discovery offshore Norway, in a US$1.45 billion deal…
Monday, 27 November 2017 03:21

Eni targets Cyprus drilling by year end

Eni and partner Total are targeting drilling on Block 6 offshore Cyprus by the end of this year, the Italian major has said. It will…
Thursday, 23 November 2017 03:45

Tax changes to boost North Sea M&A

New tax measures aimed at making it more attractive for North Sea oil and gas assets to change hands have been welcomed by industry.  In…
Tuesday, 21 November 2017 08:46

Talos, Stone to merge in $1.9B stock deal

Talos Energy LLC and Stone Energy Corp. will merge in an all-stock deal, creating an exploration and production company with a significant acreage footprint in…
Tuesday, 21 November 2017 05:54

FAR eyes 1.1 billion barrels in The Gambia

West Africa focused explorer FAR says it has identified 1.1 billion barrels of resources in its two blocks offshore The Gambia.  The blocks A2 and…
Tuesday, 21 November 2017 04:11

BP sells Bruce, Rhum, Keith stakes

UK oil major BP is set to sell its operated interests in the Bruce, Keith and Rhum fields, including three bridge-linked platforms and subsea infrastructure…
Monday, 20 November 2017 10:16

NPD greenlights Maria production start

Wintershall and its partners have been given the green light to start production next month from the Maria field in the Norwegian Sea. Maria development.…
Anadarko Petroleum will allocate US$1.1 billion toward its deepwater Gulf of Mexico operations in 2018, the US independent announced on 16 November. During a Q3…
Repsol Norge is moving forward with a new attempt to develop the Yme field offshore Norway.  The firm has awarded a contract to Maersk Drilling…
Thursday, 16 November 2017 08:44

Emerson chases Rockwell with $29 billion offer

St. Louis-based technology firm Emerson Electric has once again offered to buy Milwaukee-based Rockwell Automation, this time proposing to acquire all of Rockwell’s outstanding shares…
Wednesday, 15 November 2017 15:39

GE weighs Baker Hughes exit

Just months after GE and Baker Hughes completed their high-profile merger in July this year, GE's new CEO John Flannery has told investors on 13…
Tuesday, 14 November 2017 23:32

Energy ministers meet in Houston

Trilateral cooperation between the US, Canada, and Mexico is needed, says US Energy Secretary Rick Perry. Rick Perry. Photos from OE Staff. Perry was speaking…
Tuesday, 14 November 2017 22:29

Liza tanker arrives in Singapore

The tanker destined for ExxonMobil's Liza Phase 1 project, offshore Guyana, has arrived at Keppel's shipyard in Singapore, SBM Offshore announced today (14 November). SBM…
Hess has shut in production at its Baldpate, Conger and Penn State fields in the deepwater Gulf of Mexico in response to the fire that…
Monday, 13 November 2017 02:50

Hess sells deepwater Equus to new Auz outfit

A newly formed Australian gas company has acquired Hess' Equus deepwater project offshore Western Australia.  Western Gas said Equus, which covers 11 gas and condensate fields…
Friday, 10 November 2017 11:36

Crews inspect Enchilada platform

Shell said today (10 November) that industrial firefighters were able to safely land on the Enchilada platform in the US Gulf of Mexico and perform…
Friday, 10 November 2017 03:19

Sembcorp wins Johan Castberg hull

Statoil has picked Sembcorp Marine Rigs & Floaters for the hull and living quarters for its Johan Castberg floating production development in the Norwegian Barents…
Friday, 10 November 2017 02:46

2017 turnaround for FPS segment

The floating production systems (FPS) has seen a return to activity in 2017, says analysts Westwood Global Energy Group.  The firm says that in 2016…
Industry conditions remained challenging; but awards to market are expected to increase in 1H 2018, says subsea contractor Subsea 7, echoing optimism indicated by rival…
Wednesday, 08 November 2017 12:34

[Updated] Enchilada fire injures 2

Two people were injured after a fire broke out on supermajor Shell's Enchilada platform in the US Gulf of Mexico early Wednesday morning, according to…
Wednesday, 08 November 2017 04:43

UK offshore robotics center launched

A new research centre focused on robotics for the offshore industry is to be set up in the UK with nearly US$19 million (£14.3 million)…
An injunction stopping Petrobras selling 22.5% of its stake in the Iara area and transfering 35% stake in the Lapa field, both offshore Brazil, to…