Production News


Ithaca Energy buys Valiant

Mar 01, 2013

North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…

BPZ updates CX-15 spud date

Feb 28, 2013

BPZ Energy expects to spud the first well at its CX-15 development, off Peru, within three to six weeks depending on weather and sea conditions, the company confirmed on 28 February 2013.CX-15 platform (Image: GMC Ltd.)The company said further…

Wison enters LNG agreement

Feb 28, 2013

Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced an agreement with EDF Trading and Exmar NV to support their collective endeavors to pursue LNG export opportunities in North America using offshore, barge…

North Sea news

Feb 28, 2013

News from the North Sea from Bridge Energy, Faroe Petroleum, Lundin Petroleum and E.ON.Transocean Arctic will drill the Amol prospect (Image: Petroleum Safety Authority of Norway)Bridge EnergyJunior North Sea explorer Bridge Energy has said…

Bourbon receives its third IMR vessel

Feb 27, 2013

The Evolution series conducts IMR operations in deep water.Bourbon took delivery of the Bourbon Evolution 803. It is the 3rd vessel in the 1st large IMR series for the offshore industry. Resource exploration is going into increasingly…

New taper stress joint in development

Feb 26, 2013

Chevron, Exxon, Shell, Statoil, and Petrobras are working with Magma Global to develop and qualify a taper stress joint using Magma’s m-pipe technology. The project, which began mid-February 2013, will focus on a 15ksi 8' taper stress joint…

Statoil, Man sign supply pact

Feb 26, 2013

Norwegian energy company Statoil signed Framework Agreements with MAN Diesel & Turbo Switzerland for the supply of new turbomachinery equipment and maintenance services. The duration was set for five years with options to prolong the contracts…

Technip expands PSVM role

Feb 21, 2013

Technip picks up new 5-year PSVM Angola dealNew contract follows completion of Technip's previous 5-year pact for engineering services on the Greater Plutonio FPSO. (Image: BP)BP Angola awarded Technip a 5-year contract for engineering…

Anadarko announces 2013 capital program

Feb 21, 2013

Anadarko Petroleum CorporationAnadarko Petroleum Corp. announced details of its 2013 capital program and guidance, and provided additional information regarding its significant U.S. onshore growth opportunities, deepwater and international mega projects and industry-leading exploration program…

FPSO Cidade de Itajai, Teekay

Feb 21, 2013

Teekay and Odebrecht Oil & Gas, owners of the FPSO Cidade de Itajaí, show the unit's transformation from an Aframax hull to its current state at Sembcorp Marine's Jurong Shipyard in Singapore. The FPSO Cidade de Itajaí arrived offshore…

Baúna production starts up

Feb 20, 2013

FPSO Cidade de Itajaí connects to Baúna field Cidade de Itajaí (Photo: OOG)Production has begun at Petrobras' Baúna field, in the Southern Santos Basin, off Brazil, the company announced on 19 February 2013. Petrobras connected the FPSO Cidade de Itajaí…

BP, RIL make KG D6 commitment

Feb 19, 2013

BP & RIL plan US$5 billion investment on KGD6KG D6 onshore facilities (Image: Niko Resources Ltd.)Reliance Industries Ltd. (RIL) and KG D6 block partner BP plan to invest US$5 billion in the deepwater gas development over the next three to five years…

Australasian LNG grows in importance

Feb 12, 2013

QCLNG modules arriving New onshore field discoveries rich in natural gas and condensate in the Australasian region are giving rise to increased investment in liquefied natural gas (LNG) facilities. This new construction will address the…

Chevron advances Mafumeira Sul

Feb 07, 2013

By 2015 production to top 110,000 b/d of oil The central processing platform of the Mafumeira Sul project offshore Angola (Image: Chevron)Chevron subsidiary Cabinda Gulf Oil Co. Ltd. will proceed with the development of the Mafumeira Sul project located offshore Angola…

Total acquires acreage off Cyprus

Feb 07, 2013

Total to begin seismic acquisition off CyprusCyprus map (Image: Total)Total entered two production sharing contracts with the Republic of Cyprus for Blocks 10 and 11, the company announced on 6 February 2013. The awards are a part of the country's second offshore exploration licensing round…

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