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OE Daily: 2016 / December

Wednesday, 28 December 2016 11:23

Egypt, oil majors enter exploration deals

Egypt’s Oil Ministry has signed three oil and gas exploration agreements in the Mediterranean Sea worth an estimated US$220 million, according to news reports.  Image…
Wednesday, 28 December 2016 10:28

Delek buys majority stake in Faroe

Delek Group completed its deal with Dana Petroleum to gain 13.18% of Faroe Petroleum, expanding the Israeli firm’s North Sea footprint, and making it the majority…
Tuesday, 27 December 2016 07:58

Aker BP starts at Ivar Aasen

Aker BP started first oil at the Ivar Aasen field earlier this week, just four years after the plan for development and operations (PDO) was…
Friday, 23 December 2016 08:37

BOEM offers 48 million acres in Central GoM

The US Bureau of Ocean Energy Management (BOEM) will offer more than 9000 blocks, spanning more than 48 million acres in the Central Gulf of…
BP is set to continue running one of the world's largest oilfields after a letter of intent for the "contract of the century" was signed…
Aker BP is considering development options for its Langfjellet discovery in the Norwegian North Sea after completing three appraisal wells on the field, according to…
Thursday, 22 December 2016 14:12

Mexico delays shallow water round

Mexico is delaying the country’s shallow water bid round, Round 2.1, by three months in a move that regulators hope will garner more participation, increased…
Thursday, 22 December 2016 13:30

Two Maersk vessels sink off France

Maersk Supply Services has confirmed that two of its vessels have sunk off the coast of France today (22 December), while being towed to a…
Thursday, 22 December 2016 11:17

BP drops Australian Bight environmental plan

BP has withdrawn its environment plan that was submitted to Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for the Great Australian Bight,…
Thursday, 22 December 2016 08:32

Vaalco back online off Gabon

Houston's Vaalco Energy is back online at the South Tchibala 2-H well after utilizing a hydraulic workover unit to replace a failed electrical submersible pump…
Thursday, 22 December 2016 07:25

Total, Petrobras form exploration pact

Total and Petrobras have agreed to work together on exploration and upstream technology, which will see Total become a partner on two pre-salt licenses in…
Wednesday, 21 December 2016 13:50

Updated: Exxon, Eni, Total win Cyprus blocks

The government of Cyprus has selected companies, which include ExxonMobil, Eni, and Total, to negotiate exploration drilling terms for three blocks in the exclusive economic…
Wednesday, 21 December 2016 10:10

Petrobras, Karoon deal remains suspended

Australia’s Karoon Gas is going back to court to defend its deal with Petróleo Brasileiro (Petrobras) for stake in two fields, following a rejection to…
Wednesday, 21 December 2016 08:01

Statoil releases Statfjord fire findings

Statoil has completed its internal investigation on a fire at the Statfjord A platform on 16 October, an incident that was part of a string…
In his final month as US president, Barack Obama announced today (20 December) that he will ban offshore areas in the Atlantic and Arctic Oceans…
Tuesday, 20 December 2016 11:29

Exxon picks SBM for Liza FPSO deal

ExxonMobil has picked SBM Offshore to perform front-end engineering and design (FEED) for the floating production and storage offload unit (FPSO) for the supermajor’s Liza…
Tuesday, 20 December 2016 09:09

Statoil's Troll B hits 1 billion boe

Statoil’s Troll B has produced 1 billion boe since coming onstream two decades ago, with a further eight to 10 years of oil production expected,…
Tuesday, 20 December 2016 07:26

It's the most wonderful time of the year...

Yes, it's that time of the year, when remotely operated vehicles become Santa's reindeer and Christmas trees are, well, actual Christmas trees! Just for you,…
Tuesday, 20 December 2016 04:16

Noble to drill Leviathan-5 off Israel

Noble Energy is looking to drill a US$77 million appraisal and production well in the Leviathan area offshore Israel in Q1 2017, with a target…
ExxonMobil's deepwater Mesurado-1 exploration well offshore Liberia, West Africa, is being plugged and abandoned after finding no hydrocarbons.  Drilling started on the well, Exxon's first…
Hurricane Energy has confirmed a "very significant fractured basement discovery," potentially containing more than 250 MMbbl recoverable, in its Lincoln field appraisal well offshore west…
Monday, 19 December 2016 03:02

BP plans LNG hub off Senegal, Mauritania

Oil major BP is to enter the "emerging world-class hydrocarbon basin" offshore Senegal and Mauritania, with three exploration wells planned starting in 2017, leading to…
Friday, 16 December 2016 14:35

Statoil wins US wind lease sale off New York

The US government’s Atlantic Wind Lease Sale 6 for 79,350 acres offshore New York was held this week, with Norway’s Statoil being declared the provisional…
Friday, 16 December 2016 03:38

Anadarko in two GoM deepwater finds

US deepwater player Anadarko has completed a deal to buy Freeport-McMoRan Oil & Gas deepwater Gulf of Mexico assets and announced two new Gulf of…
Three Japanese companies have agreed on a project to jointly explore for oil and gas southwest of Sakhalin Island, working with Russia's Rosneft.  The firms,…
Thursday, 15 December 2016 23:38

9 missing, 1 dead after Caspian accident

Nine offshore workers are missing and one has died following an accident offshore Azerbaijan, just over a year after dozens were lost in a previous tragedy.…
Thursday, 15 December 2016 11:16

Trump chooses Zinke as Interior secretary

President-elect Donald Trump has nominated Montana Congressman Ryan Zinke as the next US Secretary of the Department of the Interior (DOI), in which he will…
Thursday, 15 December 2016 03:34

UK Cygnus gas giant comes online

ENGIE E&P UK (formerly GDF Suez E&P) has started production from the giant Cygnus southern North Sea gas development. The field, in license areas P1055…
Wednesday, 14 December 2016 14:37

Darren Woods replaces Tillerson as Exxon CEO

Following news that ExxonMobil chairman and CEO Rex Tillerson has been nominated by US President-elect Donald Trump to lead the US State Department, ExxonMobil has…
Wednesday, 14 December 2016 12:08

Chevron cancels Rosebank FPSO newbuild

Chevron has canceled a US$1.8 billion floating production and storage offloading (FPSO) newbuild order with Hyundai Heavy Industries (HHI) that was destined for the supermajor’s…
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