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OE Daily: 2015 / June

Tuesday, 30 June 2015 20:40

Woodside's Browse FLNG enters FEED

After postponing a final investment decision due to the low oil prices last December, Australian operator Woodside Petroleum has announced it will press forward into…
Tuesday, 30 June 2015 18:40

Noble Discoverer now Arctic-bound

The US Coast Guard (USCG) reported that the Noble Discoverer drillship has left the Port of Everett, Washington, in the early morning hours of 30…
The Israeli government came to a decision to move forward in the development and expansion of natural gas fields off the country’s coast. Prime Minister Netanyahu.…
Monday, 29 June 2015 11:25

Petrobras to cut investment by 41%

Embattled Brazilian state-owned energy firm Petrobras has approved a new five-year investment plan for 2015-2019, which slashes total investments by 41% from last year’s estimates,…
The US Supreme Court rejected BP and Anadarko Petroleum’s appeal relating to billions of dollars owed from Clean Water Act fines for 2010’s Deepwater Horizon…
Monday, 29 June 2015 04:17

New drilling outfit takes shape

Houston-headquartered driller Northern Offshore (NOF) is to be combined with Chinese-controlled Blue Ocean Drilling into a new firm if a deal with Shandong Offshore International…
Monday, 29 June 2015 03:16

Eni, KMG to explore Isatay

Kazakh state-owned KazMunayGas (KMG) and Italian giant Eni finalized commercial terms to move 50% of the suboil use rights of the Isatay block in the Caspian…
A deadline between western nations and Iran over the country's nuclear activities in a move which could open the country to international oil firms has…
Thursday, 25 June 2015 10:06

Petrobras scandal reaches Asia

The Petrobras Lava Jato (Car Wash) scandal is hitting Asia this week, as the names of two Singaporean shipbuilders are coming back into play for…
Thursday, 25 June 2015 03:14

Clair Ridge topsides installed: photos

Supermajor BP is a step closer to starting up its US$7 billion (£4.5 billion) west of Shetland Clair Ridge development after a major heavy lifting…
Wednesday, 24 June 2015 15:03

Heidelberg spar sets sail

Anadarko's Heidelberg truss spar has set sail from Ingleside, Texas, to its future home at Green Canyon block 859 in the US Gulf of Mexico.…
Wednesday, 24 June 2015 08:51

Statoil cancels rig contract

Statoil will cancel the contract with the China Oilfield Services Ltd. (COSL) vessel, COSL Pioneer, about 13 months before the expiry date of August 2016, reports…
Wednesday, 24 June 2015 05:03

Greater Njord taking shape at drill bit

Drilling to further grow the resources around the Njord field in the Norwegian Sea has started, with more expected this year, helping firm up plans…
Tuesday, 23 June 2015 14:56

Fire at Pemex unmanned platform out

A fire aboard Petróleos Mexicanos’ (Pemex) unmanned Akal-H platform was quickly put out on Monday (22 June) in the Bay of Campeche. The Akal-H platform.…
Tuesday, 23 June 2015 11:30

Offshore drillers continue to struggle

As expected, Hercules Offshore Inc. plans to file for Chapter 11 bankruptcy protection next month as a final solution to its US$1.2 billion debt woes.…
Tuesday, 23 June 2015 03:35

Laggan-Tormore aiming for 3Q start

Total is expecting to finally achieve first gas on its Laggan-Tormore project in 3Q 2015, according to contractor Petrofac which is set to take a…
Monday, 22 June 2015 17:29

FMC, OneSubsea win Shah Deniz work

Two additional contracts have been awarded for the Shah Deniz Stage 2 project, offshore Azerbaijan in the Caspian Sea, some 100km south of Baku, operator…
Monday, 22 June 2015 03:59

Petronas inks rig for Irish drilling

Petronas subsidiary PSE Seven Heads has agreed a contract to drill on the Midleton prospect offshore Ireland starting in August, according to partner Lansdowne Oil…
Brazilian police arrested Odebrecht President and Chief Executive Officer Marcelo Odebrecht with accusations of bribery and corruption in connection with a scandal currently engulfing Brazilian…
Friday, 19 June 2015 11:15

Total a shoo-in for Shtokman

Gazprom is welcoming Total back to the Shtokman project upon resuming operations in the Russian sector of the Barents Sea. Image of Gazprom, Total and StatoilHydro…
Aker Solutions and Baker Hughes are teaming up for their second alliance together for early-phase studies that will provide improvements to the overall economics and…
Friday, 19 June 2015 09:13

State of the UDW, jackup industry

The future of offshore oil and gas exploration will be exploited with high-specification jackups and ultra deepwater (UDW) drillships capable of working in high-pressure, high-temperature…
Russian gas producer Gazprom and Shell signed an agreement to expand the Sakhalin-2 LNG project. Sakhalin-2 saw the development of two offshore oil and gas…
Thursday, 18 June 2015 14:08

Hercules gets saved

Houston-based Hercules Offshore entered into a restructuring support agreement with a group of its debt holders that will shakeup the company’s finances and position Hercules…
Thursday, 18 June 2015 10:19

Chevron sheds Vietnam assets

PetroVietnam has purchased Chevron’s Vietnamese assets including acreage off the country’s continental shelf and an offshore pipeline project, the Vietnamese national announced on 17 June.…
Thursday, 18 June 2015 09:41

Wintershall to sell assets to Tellus

Wintershall, a 100%-BASF subsidiary, plans to optimize its portfolio by selling to Tellus Petroleum its interest in assets in four non-operated fields in a US$602…
Thursday, 18 June 2015 09:04

Erin's Oyo-7 onstream

Production commenced from Houston-based Erin Energy’s Oyo-7 well offshore Nigeria, with the expectations to double the company’s current production rate out of the Oyo field.…
Statoil has handed out the largest contracts for the UK North Sea’s Mariner field that are worth more than US$1.57 billion (£1 billion) to the…
Wednesday, 17 June 2015 03:47

UTC: Job losses and the new norm

Globally, some 150,000 jobs have been let go in the oil and gas industry, some 20,000 of those in Norway, a conference in Bergen heard…
Shell has cleared its first hurdle in order to progress its takeover of BG Group, the supermajor announced on 16 June. Shell received an early…
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