China’s Silk Road Fund (SRF) entered into an agreement with Russia’s Novatek to acquire 9.9% equity stake in the Yamal LNG project. Map of Yamal. From Total. Should the deal be approved…
Rosneft Vietnam B.V. and Japan Drilling Co. (JDC) represented by its subsidiary Hakuryu 5, Inc. signed an agreement to drill two wells in Blocks 06.1 and 05-3/11 in the Nam Con Son basin offshore Vietnam in 2016. The wells will be drilled using the marine drilling rig HAKURYU-5…
Norway's Ministry of Petroleum and Energy approved plans for Wintershall’s US$1.8 billion (NOK 15.3 billion) Maria development, offshore Norway. Maria development plan. Image from Wintershall. The Maria field…
Two and a half years after project sanction, production began from Statoil’s Smørbukk South Extension at the Åsgard field. Installation of Smørbukk South Extension subsea template. Images from Statoil…
Norway's official statistics organisation, Statistics Norway, has predicted that oil prices are set to remain low and only gradually increase to around US$60 in 2018. The organization said yesterday that low spending will also result in a drop in investment of almost 33% from 2013 to 2018…
UK-based consultancy Crondall Energy has been awarded a contract with a consortium of Aker Solutions and Subsea 7 for the Ophir Energy Fortuna Project in West Africa. The award is to provide technical support to the competitive upstream…
Statoil to develop new small discovery in the 30/9-27 S in production license 104 as part of Oseberg Delta project. The well was drilled about 7km west of the Oseberg Sør-field in the northern part of the North Sea, 150km west of Bergen…
In a new global gas analysis, Wood Mackenzie remarks that despite the outlook for global LNG demand looking increasingly subdued, the number of LNG projects proposed to take a final investment decision (FID) in 2015 and 2016 has not reduced significantly…
US-based Noble Energy says it is imperative that the Israeli government follows through with and approves a framework agreement to develop Leviathan and Tamar, which was presented to the Knesset yesterday (2 September). Map of Israel…
Amidst its international corruption investigation, Petrobras terminated its US$1.6 billion contract with Vantage Drilling for the use of the Titanium Explorer ultra deepwater drillship citing a breach in Vantage’s obligations under the contract…
Japan's INPEX has submitted a revised development plan for the Abadi LNG project offshore Indonesia. Inpex says greater volumes of gas than thought have been confirmed, leading to a larger floating liquefied natural gas (FLNG) proposal now being developed…
Husky Energy has reported a major hydrocarbon gas release from subsea equipment on its White Rose development. According to the Canada-Newfoundland & Labrador Offshore Petroleum Board (C-NLOPB), the release happened on 31 August from…
A new super complex at the heart of the future development of the Nasr oil field, offshore from Abu Dhabi in the United Arab Emirates, is to be powered by Nexans' subsea cables. Nexans has been awarded contract worth around US$100 million by engineering…
Premier Oil's exploration well 3/7-10 S on the Myrhauk prospect in the Norwegian sector of the North Sea is to be plugged and abandoned as a dry hole. The well, on the south east flank of the Mandal High in production license 539, reached total vertical depth of 3464m…
Nigerian operator Yinka Folawiyo Petroleum (YFP) has hit hydrocarbon pay at the Aje-5 production well on the OML 113 license, offshore Nigeria, according to partner Panoro Energy. Aje is an offshore field located in the western part of…