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OE Daily: 2015 / September

Wednesday, 30 September 2015 15:06

Cameroon GoFLNG gets final approval

Golar LNG’s Cameroon floating liquefied natural gas (FLNG) has a start date of 2Q 2017 offshore Africa, after receiving final approval by all parties of…
Wednesday, 30 September 2015 10:48

ACTE15: Houston, we have a problem

It’s no secret that the current state of the oil and gas industry is one of doom and gloom. And before a solution can be…
Wednesday, 30 September 2015 10:29

Mexico's Round One, phase two "a success"

Nine bidders made up of individual companies and consortia bid in Mexico’s Round One, phase two today (30 September), in what Mexico's National Hydrocarbons Commission…
Wednesday, 30 September 2015 09:19

Lundin hits more oil at Alta

Lundin Norway encountered oil at two appraisal wells at the Alta discovery in the Barents Sea that proved important for the eastern flank Alta, and…
Tuesday, 29 September 2015 11:21

EMGS cuts another vessel, staff

Electromagnetic Geoservices ASA (EMGS) is extending its cost reduction plans by removing another vessel from its fleet, and reducing staffing levels in a move that…
Tuesday, 29 September 2015 09:37

Polarled in place, well under budget

The last pipe in Statoil’s Polarled pipeline has been laid this week in the Norwegian Sea, with the project coming in at 32% under budget.…
Tuesday, 29 September 2015 08:23

Petrobras hits oil at Carcará Noroeste

Brazil’s Petróleo Brasileiro (Petrobras) discovered high-quality light oil potential at the third well in the Carcará pre-salt discovery area offshore São Paulo. Carcará map. From…
Monday, 28 September 2015 14:16

GoM linked to midstream merger

A midstream merger that will see Energy Transfer Equity (ETE) acquire The Williams Cos. (WMB) in a US$37.7 billion deal is linked to offshore operations…
The pending Halliburton and Baker Hughes mega merger will result in additional divestures of businesses for the approval of the US$34.6 billion deal, which is…
Monday, 28 September 2015 08:01

Shell abandons Alaska exploration

Shell is ceasing further exploration offshore Alaska after the company's Burger J prospect failed to prove oil, resulting in a multi billion dollar write-down. The…
Friday, 25 September 2015 15:54

Noble's Cheetah disappoints

Noble Energy will plug and abandon its Cheetah exploration well offshore Cameroon after finding both crude oil and natural gas shows in multiple non-commercial reservoir…
Friday, 25 September 2015 08:33

Johan Sverdrup costs drop by US$1 billion

Statoil is cutting costs by more than US$1 billion (NOK 9 billion) for the first phase of its giant Johan Sverdrup development in the North…
Thursday, 24 September 2015 15:47

Eni to spud Vernaccia in October

Italian explorer Eni is set to spud its deepwater Gulf of Mexico Vernaccia exploration well in early October, according to partner Louisiana-based Stone Energy. The…
Thursday, 24 September 2015 15:00

Transocean denies link to Petrobras scandal

Global rig provider Transocean is the latest to be named in the Petroleo Brasileiro SA (Petrobras) corruption scandal Lava Jato, after a Petrobras former executive…
Thursday, 24 September 2015 14:07

Schlumberger axes Eurasia acquisition

Oil services giant Schlumberger is pulling the plug on its proposed US$1.7 billion acquisition of Russian drilling contractor Eurasia Drilling Co. (EDC) to focus on…
Thursday, 24 September 2015 11:38

EIA: low prices lead to reduced investment

Sustained low oil prices could lead to a long-term drop in upstream oil and natural gas investment, according to a new report by the US…
Thursday, 24 September 2015 03:17

INPEX's Ichthys CPF launched

Japan's INPEX has launched the central processing facility (CPF) for its US$34 billion Ichthys LNG Project offshore Australia. The CPF, billed as the world's largest…
Wednesday, 23 September 2015 12:13

Exxon, COPL to return to Liberia

ExxonMobil and partner Canadian Overseas Petroleum Ltd. (COPL) are planning to return to the waters offshore Liberia as early as next year after the duo…
Wednesday, 23 September 2015 11:05

Trinity implements cost reduction program

Trinidad and Tobago-focused Trinity is undergoing a multi million dollar cost reduction program that will include a management shakeup. Image from Trinity. According to Trinity, as…
Wednesday, 23 September 2015 03:43

Total cuts spending into 2016

French oil major Total has scaled back its production target for 2017 after announcing further investment cuts and project delays. Total says it is executing…
Tuesday, 22 September 2015 14:57

Technip, SHI enter design partnership

Technip and South Korea’s Samsung Heavy Industries (SHI) are teaming up to develop a joint design of a low motion semisubmersible production platform. Technip and…
Tuesday, 22 September 2015 09:27

Husky cancels Seadrill drilling contract

Husky Oil Operations Ltd. pulled the plug on its drilling contract with Seadrill for the West Mira vessel one week after Seadrill canceled the newbuild’s…
Tuesday, 22 September 2015 03:12

Kosmos drops Irish acreage

Independent explorer Kosmos Energy has decided to pull out of its three licenses in the Porcupine Basin, offshore Ireland.  According to partner, Ireland-based Europa Oil…
Monday, 21 September 2015 10:28

Wood Group wins Peregrino maintenance

Wood Group has been chosen by Statoil to provide four-year operations and maintenance at the Peregrino field offshore Brazil. The contract covers two wellhead platforms…
Monday, 21 September 2015 05:04

Record interest in Irish offshore

The largest number of applications in an Irish offshore licensing round have been submitted in the 2015 Atlantic Margin Licensing Round.  Some 43 applications for…
Friday, 18 September 2015 11:40

Petrobras reveals historic production levels

A hike in Petróleo Brasileiro’s (Petrobras) average production in oil and natural gas, in addition to pre-salt for the month of August set historic records…
Friday, 18 September 2015 10:23

Karoon's Kangaroo falls

Karoon Gas Australia is revising its previous estimates of the Kangaroo field in the Santos basin offshore Brazil that decreases its 2C resources by nearly…
Thursday, 17 September 2015 08:03

Shell, BG merger hit by Aussie delay

The US$70 billion Shell and BG Group merger is being delayed until November 2015 by the Australian Competition and Consumer Commission (ACCC) after a warning…
Thursday, 17 September 2015 03:27

World's first subsea compression online

At 300m below the surface of the Norwegian Sea, the world’s first subsea gas compression facility has come on stream, Statoil announced this morning.  The…
Wednesday, 16 September 2015 14:34

Mexico’s Round One minimums released

Mexico’s Secretaría de Hacienda y Crédito Público (SHCP) released the minimum fiscal terms that must be met by companies in order to win development rights…
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