UK-based operator EnQuest has agreed to acquire ExxonMobil Exploration and Production Malaysia’s interest in the Seligi oil field and the PM8 PSC, offshore Malaysia, subject to approval by Petronas and conditions. The acquisition will…
AWE Ltd. announced on 13 June that drilling began on the Oi-2 exploration well located in Petroleum Mining Permit (PMP) 38158 offshore Taranaki, New Zealand. The joint venture partners hope the Oi-2 well will allow the evaluation of hydrocarbon potential of a 4-way dip closed structure…
North Caspian Operating Co. BV (NCOC), the seven-company consortium behind Kashagan development, confirmed 12 June that production is not expected to resume in 2014. It appears that “both oil and gas lines might have to be fully replaced…
Eni Norge AS awarded DNV GL a framework agreement for the supply of inspection services to the Goliat platform in the Barents Sea. The term of the contract is three years, with an option for a two-year extension. The assignment consists of…
Total’s CLOV deepwater oil development offshore Angola in Block 17, began production on schedule, the French company announced on 12 June. The development is expected to reach daily production capacity of 160,000bbl in the coming months…
The US Energy Information Administration (EIA) announced on 10 June that they predict US oil and natural-gas production in the Gulf of Mexico is at low risk of hurricane-related production outages for the 2014 hurricane season. The EIA…
Saudi Aramco made a deepwater oil discovery, Al-Haryd, in the Red Sea in 2013, the firm has revealed in its annual report. The discovery was one of three oil and two gas fields made by Saudi Aramco in 2013, taking its total number of discovered fields to 121…
RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million bbl of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels…
An oil tanker exploded and sank off the coast of Himeji, western Japan, on 29 May 2014. The mid-morning explosion and fire aboard the 998 tonne fuel tanker Shoko-Maru sent towering columns of smoke into the sky. The ship is owned by Syoho Shipping Co…
Noreco is in the process of completing drilling of the Verdande well 6608/10-16 (PL484) in the Norwegian Sea. The firm said hydrocarbon shows were found in two sections, but that well will be plugged and abandoned without further testing…
Iran's oil production will reach 4 million barrels per day (bpd) by the end of the current Persian calendar year in March 2015, a senior Iranian oil official said. Mohsen Qamsari, director for international affairs at the National Iranian Oil Company (NIOC)…
Marathon Oil has announced it is no longer marketing its UK business after agreeing a deal to sell off its Norwegian unit. Marathon Oil Norge is to be sold to Norway’s Det norske oljeselskap in a US$2.1 billion cash deal. The sale…
Success of the Butch South West prospect, drilling on which has started, could prompt a new stand alone production facility in the North Sea, according to Faroe Petroleum. Drilling on the Centrica-operated Butch South West exploration well 8/10-6S…
The US Energy Information Administration’s new “Today in Energy” brief looks at how Mexico’s crude oil exports to the United States have declined, while US exports of petroleum products to Mexico have increased. The US imported 850,000 bbl/d of crude oil from Mexico in 2013…
VNG Norge is to start a second sidetrack well to further assess potential at the Norwegian Sea Pil discovery after successful results were announced from an initial side-track appraisal well earlier this week. The second side-track well…