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OE Daily: 2015 / November

Monday, 30 November 2015 10:20

Multi-tasking on Solan

Premier Oil’s Solan field is due to come onstream by the end of this year. It’s a unique project for the North Sea – a…
Monday, 30 November 2015 03:28

Iran offers oil and gas projects

Iran has offered 52 oil and gas development projects in addition to 18 exploration blocks at its Tehran IPC Conference, held last week, according to…
Friday, 27 November 2015 11:01

Rig scrapping at highest in 20 years

Over the past 14 months, 44 ultra deepwater floating rigs have been scrapped, amounting to more retirements than over the past 20 years combined.  The…
Friday, 27 November 2015 08:00

Lamprell confident in Middle East

Dubai based rig builder and construction firm Lamprell is hoping work in the Middle East will help it buffer the downturn.  The firm currently has…
Thursday, 26 November 2015 03:22

North Sea tax receipts to fall 94%

Government tax receipts from North Sea oil and gas producers will be down by 94% this year to just £130 million, the UK’s Chancellor, George…
Wednesday, 25 November 2015 11:15

Russian sanctions hurt SMD

UK-based ROV and trenching vehicle manufacturer Specialist Machine Developments (SMD) is to cut 80 jobs in the wake of its largest ever order being suspended…
Wednesday, 25 November 2015 02:52

Shell fined £22,500 after leak

Oil major Shell has been fined £22,500 after admitting failures that led to an oil leak in the North Sea. The leak, the biggest in…
The high costs surrounding deepwater developments and the low price of oil is a challenging combination for operators. Khalid Mateen. Photo from OE Staff. For…
Monday, 23 November 2015 08:01

BG to take Aphrodite stake

BG Group secured 35% stake from Houston-based Noble Energy in Block 12 offshore Cyprus in a US$165 million farm out deal, which gives the UK…
Monday, 23 November 2015 03:24

Premier spuds latest Falklands target

Premier Oil has spudded its latest Falklands Islands exploration well. The 14/20-2  Isobel - 2 well in the North Falklands basin is a second attempt…
Several companies and individuals, including Black Elk Energy Offshore and Wood Group PSN (WGPSN), are being charged with crimes for the fatal November 2012 explosion…
Thursday, 19 November 2015 10:04

Shell hits at Kaikias in GoM

Shell made a “major discovery” at its Kaikias well that could possibly surpass 100 MMboe, in the deepwater Gulf of Mexico.  Map of the Mars-Ursa…
Thursday, 19 November 2015 07:24

Shell, BG merger gets Auz clearance

The US$70 billion Shell and BG Group mega merger received antitrust clearance from the Australian Competition and Consumer Commission (ACCC). Image from Shell. This leaves…
Thursday, 19 November 2015 00:00

Halting R&D not an option

Technology transformation is happening at an increasingly fast pace, changing the way global companies operate, shaping innovations that drive down operational costs and creating efficiencies. …
Wednesday, 18 November 2015 11:43

US clears Schlumberger, Cameron merger

The US Department of Justice (DOJ) has cleared the proposed multi-billion dollar merger between Schlumberger and Cameron International without any conditions, both companies announced in…
Wednesday, 18 November 2015 07:26

Apache: Significant North Sea reserves potential

Houston-headquartered Apache Corporation has claimed it has increased its North Sea reserves by some four to seven times since the end of 2014.  In a…
Wednesday, 18 November 2015 06:44

£16.9 billion UKCS decommissioning spend to 2024

Forecast total oil and gas infrastructure decommissioning spending on the UK Continental Shelf (UKCS) will reach £16.9 billion over the next decade, according to new…
Wednesday, 18 November 2015 00:00

Top 10 offshore inefficiencies

The plummeting oil price has exerted huge financial pressures on the oil industry, forcing companies to identify areas where costs can be cut and savings…
Tuesday, 17 November 2015 08:27

Statoil pulls plug on Alaska

Statoil is saying goodbye to Alaska exploration and has decided to exit its leases in the Chukchi Sea following recent results in nearby leases, in…
Tuesday, 17 November 2015 03:33

BP's Bight exploration plan rejected

Australian regulators have rejected BP's environmental plan for the major's deepwater, four-well drilling plan in the Great Australian Bight. The National Offshore Petroleum Safety and Environmental…
Monday, 16 November 2015 10:56

SBM receives Petrobras FPSO tenders

SBM Offshore received a formal invitation from Brazilian giant Petróleo Brasileiro (Petrobras) to tender for the Sépia and Libra floating production storage and offloading units (FPSOs).…
Monday, 16 November 2015 09:17

Turritella set sail for Stones

First oil at Shell’s Stones project in the Gulf of Mexico is on the horizon, as the Turritella floating production storage and offloading unit (FPSO) set…
Monday, 16 November 2015 02:57

Premier Oil sells Norway business

Norway's Det Norske has bought UK-based independent explorer Premier Oil's Norwegian assets for US$120 million, just a month after agreeing to buy Svenksa Petroleum for…
Friday, 13 November 2015 09:11

Petrobras declares Sépia Leste viable

Petróleo Brasileiro (Petrobras) has declared Sépia Leste in the Santos basin pre-salt area to be commercial with an estimated 130 MMboe recoverable resources, offshore Rio…
Thursday, 12 November 2015 15:00

Newfoundland region gets US$907 million in bids

Several oil and gas majors put in their bids worth more than US$907 million ($1.2 million CAD) for a chance to explore about 2.6 million…
Thursday, 12 November 2015 09:27

Eni in US$2 billion Egypt investment

Italian giant Eni and the Egyptian Government entered into an agreement for three amendments for the IEOC concessions, both onshore and offshore Egypt that will…
Thursday, 12 November 2015 07:54

Kosmos in major Mauritania hit

Dallas-based Kosmos Energy encountered a “significant play-extending” discovery at its Marsouin-1 exploration well, offshore Mauritania, Africa, marking its second significant natural gas discovery within eight…
Thursday, 12 November 2015 02:57

Premier lines up Sea Lion contractors

UK-based independent Premier Oil says it has lined up key "world class" contractors to provide the vessel and infrastructure for its Falklands Islands Sea Lion…
Wednesday, 11 November 2015 08:44

Apache rejects Anadarko bid

Houston-based Anadarko Petroleum revealed today (11 November) that it was the rejected party in the rumored acquisition of US-based Apache, which consisted of an all-stock…
Tuesday, 10 November 2015 03:30

Marathon sells Gulf of Mexico assets

Houston headquartered Marathon Oil has agreed to sell all its operated producing properties in the US Gulf of Mexico and a tranche of non-operated interests…
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