Oil News


Production buoy technology boost

Oct 08, 2013

Two projects aiming to develop small unmanned production facilities for use on marginal fields have been given a boost.  Unmanned Production Buoy (UPB), based in Banchory, near Aberdeen, has signed a memorandum of understanding with engineering firm AMEC to provide engineering…

Aker Solutions on Murchison decommissioning

Oct 07, 2013

Aker Solutions has secured a three year contract for the first phase of decommissioning the Murchison platform in the North Sea, operated by CNR International (UK).  Aker Solutions will manage the engineering design, procurement and offshore…

Maersk Oil Qatar jacks-up Al Shaheen

Oct 07, 2013

Maersk Oil Qatar (MOQ) and Gulf Drilling International (GDI) have signed two new contracts; one two-year contract for the GDI jack-up drilling rig (rig B-341), and another three-year contract for a new GDI offshore accommodation jack-up. The…

Brazil qualifies 11 for pre-salt bid round

Oct 04, 2013

On Oct.1, Brazil's National Petroleum Agency (Agência Nacional do Petróleo, ANP) said that 11 companies were registered and qualified to bid for pre-salt licenses at the upcoming Santos basin auction. The ultra-deepwater Libra field is estimated…

Gas leak halts Kashagan

Sep 27, 2013

A gas leak discovered in a pipeline running to the Bolashak processing plant in Atyrau shut the Kashagan field 16 days after initial production kicked off on September 11. Production is reportedly expected to be stopped for 3-4 days. Wells…

Njord, Hyme off production until 2014

Sep 27, 2013

Statoil ASA is extending its production stoppage in the Njord oilfield, located in the Norwegian Sea, to reinforce a drilling platform. Production was originally halted on July 27 due to some small deformations found in some beams and other structural elements in the deck framing…

Statoil in third discovery off Canada

Sep 26, 2013

Statoil ASA discovered between 300-600MMbo recoverable in its first Bay du Nord exploration well, located 500km (310 mi.) northeast of St. John’s, Newfoundland. 'It is exciting that Statoil is opening a new basin offshore Newfoundland…

Chevron launches US$90m fund

Sep 26, 2013

Chevron Technology Ventures (CTV) announced today that it has launched its CTV Fund V, a US$90 million venture capital fund to invest in early- to mid-stage companies and in limited partnership funds. Investments from CTV Fund V will…

Congo oil discovery

Sep 25, 2013

SOCO International announced that the Lideka East Marine-1 well (LDKEM-1) off Congo, which targeted a post-salt structure, updip from the Lideka Marine-1 well, found shows of oil in the Sendji formation (iS3). The well encountered about 50m of net pay section in the Upper and Lower Sendji…

Ithaca agrees string of deals

Sep 23, 2013

Ithaca Energy has agreed string of farm-out deals on a number of UK North Sea assets.  Newly formed private-equity backed Oyster Petroleum is to take a 9% working interest in west of Shetland licences containing the Handcross prospect…

Siri still offline, says Noreco

Sep 23, 2013

Noreco has said an end could be in sight to some of its production problems across UK, Norwegian and Danish North Sea sector assets.  The firm’s Huntington and Oselvar fields were both shut-in during parts of August. At the E.ON E&P-operated UK North Sea Huntington field…

Salamander spuds exploration well offshore Thailand

Sep 18, 2013

Salamander Energy plc announced the spud of an exploration well in Block G4/50, Gulf of Thailand targeting the Ayutthaya prospect. Ayutthaya is located in the Western Central sub-basin, less than one mi northeast of the recent Surin oil discovery…

Serica in Morocco, Namibia drilling

Sep 17, 2013

Serica Energy has said a drilling campaign will start offshore Morocco in October.  Drilling will be carried out on the Foum Draa and Sidi Moussa blocks in October, and H1 2014 respectively.  The well on the Foum Draa block (operated by Cairn Energy…

Enochdhu gets green light

Sep 17, 2013

A plan by ConocoPhillips (UK) and co-venturer Chevron North Sea to develop the central North Sea Enochdhu field has been approved by the UK’s Department of Energy and Climate Change (DECC).  ConocoPhillips, operator, expects first production to start in late 2014…

New player gets US$150 million backing

Sep 16, 2013

A newly formed UK-focused exploration company has secured US$150 million of funding from Norwegian private equity outfit HitecVision.  Oyster Petroleum's management team comprises of Richard Morgan as CEO, along with former colleagues Nigel Platt and David Went…

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