Oil News


25-70 MMboe found near Gjøa

Sep 16, 2016

French operator ENGIE E&P has made a 25-70 MMboe discovery in the Cara well in the Norwegian North Sea. The well was drilled using the Transocean Arctic semisubmersible, in 349m water depth. It is 6km northeast of the ENGIE-operated Gjøa field (pictured)…

Pemex reveals six discoveries off Mexico

Sep 14, 2016

Mexican national oil company Petróleos Mexicanos (Pemex) has made six oil discoveries offshore Mexico, with one particular find holding 140-160 MMboe of potential reserves. The company also revealed its plans to drill more than a dozen offshore exploration wells next year…

Petrobras' August production tops 2.8MMbbl

Sep 13, 2016

Petrobras’ daily oil and natural gas production for the month of August totaled 2.84 MMboe, 2.72 MMboe of which was produced in Brazil and 0.12 MMboe was produced abroad. Brazil registered record oil and gas monthly production in August…

CNOOC starts at Weizhou

Sep 12, 2016

CNOOC Ltd. started production at the Weizhou 6-9/6-10 comprehensive adjustment project in the South China Sea. The Weizhou field is in the Beibu Gulf at about 35m water depth. In addition to fully utilizing the existing facilities of Weizhou 6-9/6-10…

Video: Tullow's TEN delivers first oil

Aug 18, 2016

Tullow Oil has achieved first oil from the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana with MODEC’s Prof. John Evans Atta Mills floating production and storage offloading (FPSO) vessel. Prof…

Det norske to use Maersk Interceptor for Ivar Aasen

Aug 15, 2016

Det norske has received consent from the Petroleum Safety Authority Norway (PSA) to use the Maersk Interceptor jackup to drill production wells at Ivar Aasen. Ivar Aasen is an oil and gas field in the North Sea, around 175km west-southwest of Karmøy in Rogaland county…

Cobalt focuses on Angola, closes Mexico office

Aug 02, 2016

Cobalt International Energy is setting Angola as its number one priority, as the Houston-based company disclosed a multimillion-dollar loss in Q2 2016 due to a dry well in the Gulf of Mexico. The Rowan Reliance drillship…

Ithaca adds to GSA area assets

Aug 02, 2016

UK-based independent Ithaca Energy has expanded its holdings in the Greater Stella Area (GSA) through four agreements, which increases its stake in the Vorlich discovery and gives it an operated interest in the Austen discovery. Through agreements with ENGIE E&P…

Marginal in Malaysia

Aug 01, 2016

Malaysia’s MISC has built a minimal facilities FPSO for use on marginal fields. John Sheehan takes a look. Malaysia Marine and Heavy Engineering handle the conversion (fabrication, installation and integration) of the FSO MaMPU 1…

Statoil to pay $2.5 billion for Carcará license

Jul 29, 2016

Norwegian part-state owned oil giant Statoil and Brazilian state oil firm Petrobras have agreed a deal which will see Statoil acquire Petrobras’ 66% operated interest of the BM-S-8 offshore license in Brazil’s prolific Santos basin. The US$2…

Statoil makes gas condensate and oil discovery

Jul 27, 2016

Norway's Statoil has made a gas condensate and oil discovery southwest of the Oseberg Sør facility in the North Sea, according to the Norwegian Petroleum Directorate (NPD).  The discovery, in production license 035/272, was made through the wildcat wells 30/11-14 and 30/11-14 B…

Noble online at Gunflint

Jul 21, 2016

Noble Energy started production at Gunflint in the deepwater Gulf of Mexico, the Houston-based explorer announced today (21 July). Map of Gunflint, from Noble Energy. The Gunflint oil development…

Santos completes Indonesia appraisal well

Jul 08, 2016

Following a mechanical error, Santos has completed drilling the AAL-4XST1 appraisal well in the Northwest Natuna permit area, offshore Indonesia.  Map from AWE. The joint venture…

Dana, EnQuest in Eagle dispute

Jul 05, 2016

EnQuest’s Eagle oil discovery in the Greater Kittiwake area (GKA) in the North Sea is getting some heat from Dana Petroleum, after the company said that EnQuest did not have the authority to drill the well. Image from EnQuest…

DW: Deepwater recovery not likely until 2020s

Jul 05, 2016

While outages in Canada and Nigeria have helped a rally in oil prices, the outlook for 2017 isn't looking favorable as new projects come online, says Douglas Westwood.  Matt Cook, who has authored the firm's World Drilling and Production…

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