Petroliam Nasional Berhad (PETRONAS) has announced a new gas discovery offshore Malaysia and the award of a three year integrated offshore installation contract. Operator on Block SK320, Mubadala Petroleum, discovered gas in the Sintok-1 well…
Statoil ASA and partners Eni Norge AS and Petoro AS have made an oil and gas discovery in the Skavl prospect in PL532, close to Johan Castberg in the Barents Sea. Well 7220/7-2 S, drilled by the semisubmersible rig West Hercules, proved a…
The UK's Government has awarded a further 52 North Sea oil and gas exploration licenses, bringing the total number of awards offered in the 27th Round to 219. The figure represents a record, with the number of smaller independent companies being offered awards also representing a high level…
Premier Oil says production on the North Sea Huntington field has increased to 20,000 bbl/d as restrictions on the CATS pipeline continue to be lifted. Full production rates on the Voyageur Spirit FPSO, which produces the Huntington field…
CGG surveys GOM for Pemex CGG has been selected to carry out a large high-end seismic acquisition survey in the Gulf of Mexico on behalf of Pemex. The survey, in Mexican waters, is phase 5 in Pemex’s Centauro program, the largest ever…
Italy's Eni has signed a string of agreements with Russian operators and a research institution, building its ties with the country. The first is a memorandum of understanding (MOU) between Eni and Novatek, which sees the two firms agreeing…
Statoil and its partners Centrica and ExxonMobil have decided to extend production at the Statfjord A platform in the North Sea until 2020. Statoil said an active drilling program was contributing to the continued maturation of recoverable reserves on Statfjord…
North Sea focused independent EnQuest's US$3.2billion plan to develop the Kraken heavy oil field has been given the go ahead. Kraken is in 108-125m water depth, about 135km east of Shetland, and is estimated to contain 137MM bbl gross reserves…
Dana Petroleum group CEO Marcus Richards believes the oil industry is seeing a structural shift. He gave his personal views at a UK Chatham House event: I would like address the questions raised by the shift in oil demand to industrialized economies in terms of energy security…
Statoil has agreed to farm down its interest in five exploration licences in the Faroe Islands and two in Norway to the Austrian oil and gas company OMV. The agreement is a result of a broader agreement with OMV, announced in August, to look for cooperation in exploration opportunities…
Norwegian Energy Company ASA (Noreco) has said production is expected to restart from the Siri platform, offshore Denmark, in Q2 2014. Production from the platform will be at reduced volumes until the Siri platform is permanently repaired…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
Tullow Ghana Limited has awarded two contracts for work on the TEN project worth about US$1.23 billion. The contracts will be shared between Technip and Subsea 7, who are working as part of a consortium on the project. The TEN project is in the Deepwater Tano contract area…
Cobalt International Energy has made two discoveries at its Lontra #1 and Mavinga #1 deepwater Pre-salt exploratory wells offshore Angola. On Block 20, the Lontra #1 well confirmed an oil and gas discovery. Further evaluation, including a drill stem test…
The US-Russia Business Council (USRBC) held its 21st annual meeting on 29 October in Houston, Texas. Various panels discussed topics ranging from Russia’s global integration to its over-dependency on oil and gas to investment in the country…