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OE Daily: 2014 / November

Friday, 28 November 2014 03:55

OPEC sticks to its guns - oil price slides

Benchmark Brent crude plunged to a four-year low, below US$73 a barrel, yesterday (27 November) after oil cartel OPEC chose to leave its 30MMbbl/d output…
Thursday, 27 November 2014 03:27

Woodside sanctions Persephone

The North West Shelf (NWS) Project partners, led by Woodside Energy, have approved the A$1.2 billion subsea Persephone project, off the north-west coast of Australia. …
Wednesday, 26 November 2014 11:30

Pemex installs compression platform at Tsimin-Xux

Petróleos Mexicanos (Pemex) installed the CA-Litoral-A production processing and compression platform in the Tsimin-Xux development project in the Bay of Campeche, Gulf of Mexico (GoM).…
Wednesday, 26 November 2014 09:01

Karoon hits at Kangaroo-2

Australia’s Karoon Gas encountered oil in five separate zones in the Kangaroo-2 appraisal well in the Santos basin, offshore Brazil. Map of the five wells…
Wednesday, 26 November 2014 04:16

Decommissioning warning for UKCS

Concerns about agreements around decommissioning costs on the UK Continental Shelf have been added to a rising tide of warnings about the future of the…
Wednesday, 26 November 2014 04:05

Wave and tidal projects under strain

Staff from a Scottish wave energy development firm which went into administration last week could now be given jobs at a new body set up…
Russia's Gazprom Neft and state-owned PetroVietnam have begun exclusive talks to potentially cooperate in the development of the Dolginskoye field, located about 75km off the…
Tuesday, 25 November 2014 10:11

NOIA: Untapped US potential in eastern GoM

According to the National Ocean Industries Association (NOIA), there is untapped potential of offshore energy located in the Eastern Gulf of Mexico (GoM) that could…
Tuesday, 25 November 2014 02:50

North Sea confidence at 6-year low

Confidence in North Sea oil and gas activity has fallen to a six-year low, highlighting an "urgent need" for fiscal reform in the basin, according…
Monday, 24 November 2014 16:14

ONGC taps IntecSea to develop KG-D5 block

IntecSea Malaysia will help ONGC develop the KG-DWN-98/2 block in the Krishna Godavari (K-G) basin off the east coast of India. This comes after the…
China National Offshore Oil Co. (CNOOC) has begun production from the Huizhou 25-8 oilfield and Xijiang 24-3 oilfield in the South China Sea, known as…
Monday, 24 November 2014 09:38

Petrobras hits with Cidade de Ilhabela

Petrobras hit first oil with the floating production and storage offloading unit (FPSO) Cidade de Ilhabela in the Sapinhoá field in the pre-salt Santos basin, offshore…
Monday, 24 November 2014 03:49

Sound Oil eyes bid for Antrim

Italy-focused independent exploration and production firm Sound Oil is planning to launch a takeover of fellow independent Antrim Energy by making an offer for all…
Friday, 21 November 2014 15:24

Deadly GOM blast occurred during maintenance

Workers involved in the deadly accident at Fieldwood Energy’s Echo platform at West Delta 105 on Thursday, worked for contractors conducting routine maintenance on the…
Friday, 21 November 2014 10:06

Statoil drops out of Kwanza

Statoil is paying US$350 million to take a “time-out” in its Kwanza exploration drilling program offshore Angola. The Stena Carron. From Stena Drilling.   The Norwegian…
Friday, 21 November 2014 02:52

Ophir/Salamander agree proposed offer terms

Salamander Energy and Ophir Energy have agreed the proposed terms of a deal which would see Ophir takeover Salamander. The two companies say that the…
Thursday, 20 November 2014 20:20

Platform explosion kills 1, injures 3

One person is dead and three are injured after an explosion at Fieldwood Energy's Echo Platform at West Delta 105 in the US Gulf of…
Thursday, 20 November 2014 09:30

Shell, Petronas developing off Malaysia

Shell and Petronas Carigali and moving forward in the E6 field development offshore Sarawak, Malaysia after making a final investment decision (FID). Shell's Malaysian offshore…
Thursday, 20 November 2014 08:40

WDS gets Santos GLNG contract

The Santos Gladstone liquefied natural gas (GLNG) project is moving closer to completion with the award of another contract. The Santos GLNG joint venture awarded…
Thursday, 20 November 2014 02:57

CGG rebuffs offer from Technip

French seismic and data processing firm CGG has rebuffed a takeover by fellow-French engineering and project management firm Technip. Technip said it made the approach…
Wednesday, 19 November 2014 13:30

Pemex board approves restructure

The board of directors for Mexico’s Petroleos Mexicanos (Pemex) approved a corporate restructuring plan that would see the company reorganize into two main units and…
Wednesday, 19 November 2014 09:26

Caribbean FLNG undocks in China

The Caribbean floating liquefaction and storage (FLNG) facility undocked from the Wison Offshore & Marine dry dock in Nantong, China. Wison Offshore & Marine dry…
Wednesday, 19 November 2014 08:32

CNOOC hits more pay off China

CNOOC Ltd. encountered a new mid-sized discovery at the Lufeng14-4 structure in the eastern South China Sea. Pearl River Mouth basin activity. From CNOOC. Lufeng14-4…
Wednesday, 19 November 2014 03:55

Projects target North Sea exploration boost

A bid to boost exploration rates in the UK North Sea has seen the launch of two new initiatives, including a move to re-assess the…
Wednesday, 19 November 2014 03:09

Cairn - second Senegal target dry

Cairn Energy has confirmed an oil find on the SNE-1 well offshore Senegal, but says a deeper target was dry. The SNE-1 well discovered oil…
Tuesday, 18 November 2014 11:44

Former Pemex CEO weighs in on reform

Speaking at Tuesday's 2014 Deloitte Oil & Gas Conference in Houston, former Petroleos Mexicanos (Pemex) CEO Dr. Jesus Reyes-Heroles weighed in on the country's historic…
Tuesday, 18 November 2014 11:37

Eni targets offshore Turkmenistan

Eni and the Turkmen State Agency for Management and Use of Hydrocarbon Resources have signed a memorandum for the possibility of extending Eni's current activities…
Tuesday, 18 November 2014 10:11

Lundin bites dust on Kitabu-1

Lundin Petroleum’s Kitabu-1 exploration well, in Blocks SB307/SB30, offshore Sabah, Malaysia, came up dry, the Swedish independent announced on 18 November. Lundin said that the…
Monday, 17 November 2014 14:14

Execs warn against oil price knee-jerk

Leading industry executives including BP CEO Bob Dudley cautioned against “over-reacting” to current low oil prices at global industry forum. "While there has been some…
Monday, 17 November 2014 12:13

Fosun, Roc Oil deal nears completion

Fosun International subsidiary Transcendent Resources has almost completed its off-market takeover bid of Roc Oil. The Hong Kong-based Fosun announced that it has received acceptances…
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