Sunday, December 16, 2018

OE Daily: 2015 / April

 

ExxonMobil starts Kizomba Phase 2

Apr 30, 2015

ExxonMobil started oil production at the Kizomba Satellites Phase 2 subsea development project off Angola. The Kizomba B FPSO. From BP. Phase 2 of Kizomba is a subsea infrastructure development of the Kakocha…

KrisEnergy’s Rayrai-1 hits oil

Apr 30, 2015

Singapore-based KrisEnergy hit oil at the first exploration well in the Wassana oil field, offshore Thailand. Thai drilling campaign map. From KrisEnergy. Rayrai-1 intersected about…

Ivar Aasen jacket en-route

Apr 30, 2015

The 9000-tonne jacket for Det norske's Ivar Aasen field offshore Norway is in Rotterdam before it's final journey to the North Sea.  The 138m-tall jacket was built by Saipem at its Arbatax facility in Sardinia and is now sat on Heerema's H-627 barge at Franklin Offshore…

BHP signs Barbados exploration deal

Apr 30, 2015

Anglo-Australian multinational mining, metals and petroleum company BHP Billiton has signed exploration licenses for two offshore Barbados blocks in what could be a return to drilling off the Caribbean Island. BHP is reported to be the…

DW: Venezuela’s only hope is offshore

Apr 29, 2015

Few countries have been hit harder by declining crude oil prices in recent months than Venezuela, reports energy business advisory firm Douglas Westwood (DW). Falling oil prices have compounded Venezuela’s debt situation because crude oil represents about 95% of the country’s exports…

Eni starts production of Cinguvu off Angola

Apr 29, 2015

Italian energy company Eni started production two weeks ahead of schedule at the deep offshore Cinguvu oil field in the West Hub development project in Block 15/06 offshore Angola. The development is sited 350km northwest of Luanda and 130km west of Soyo…

Drop in spending means shrinking backlogs

Apr 29, 2015

Oilfield services companies are putting a brave face on the continuing market downturn, despite some reporting shrinking order books.  Subsea 7 and Fugro reported shrinking order books in their 1Q results this morning.  Subsea 7’s…

Siemens sells Marine Current Turbines

Apr 29, 2015

Siemens is to sell its Bristol, UK-based tidal energy company, Marine Current Turbines, to tidal energy developer Atlantis Resources.  Atlantis, which is behind the largest planned tidal development project in the world, says the move…

ADNOC plans $25 billion offshore spend

Apr 28, 2015

In a break from the energy industry’s current contraction trend of spending cuts, employee layoffs, contract delays and cancellations, Abu Dhabi National Oil Co. (ADNOC) recently announced plans to spend more than US$25 billion on various offshore fields…

Total, BP report better than expected results

Apr 28, 2015

BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices.  French oil major Total saw its fastest production growth in more than a decade and gains in its refining…

Kosmos hails Mauritania play-opener

Apr 27, 2015

Dallas-based explorer Kosmos Energy’s Tortue-1 exploration well offshore Mauritania, western north Africa, has made a “significant, play-opening” gas discovery.  Tortue-1 was drilled in 2700m water depth, 285km southwest of Mauritanian capital Nouakchott…

Court ruling clears TEN path

Apr 27, 2015

A tribunal has rejected a bid by the Ivory Coast to stop oil and gas exploration and development activities in a disputed area between its waters and offshore Ghana.  The ruling paves the way for UK-headquartered Tullow Oil to continue with its TEN Project offshore Ghana…

BHI rig count not for the faint of heart

Apr 24, 2015

Baker Hughes Inc. issued its international rig count that showed 1251 rigs operating worldwide in March 2015 outside of the US and Canada. Unsurprisingly, global rig counts have dropped significantly due to an approximate 50% drop in crude oil prices since 2014…

KrisEnergy developing Wassana

Apr 24, 2015

KrisEnergy plans to develop the Wassana oil field beginning with drilling a new exploration well in Block G10/48 offshore Thailand. Wassana well projection. From KrisEnergy. The Rayrai-1 well is at a water depth of 170ft and is 2…

North American job cuts mount

Apr 24, 2015

International oilfield services firm Weatherford will cut another 2000 jobs from its workforce, taking the total number of planned job cuts to 10,000. Weatherford’s move follows Schlumberger announcing last week a further 11,000 job cuts…

MOL takes first Norwegian steps

Apr 24, 2015

Hungarian exploration outfit MOL Group has made its first step into the Norwegian offshore sector, purchasing the Norwegian assets of UK-based North Sea exploration and production firm Ithaca Energy.  Ithaca will sell its Norwegian assets…

CNOOC's Kenli 10-1 online

Apr 23, 2015

The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Image from CNOOC. Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m…

OneSubsea inks BP West Nile Delta gig

Apr 23, 2015

OneSubsea is getting a piece of BP’s West Nile Delta Taurus Libra development offshore Egypt by snagging a multi-million dollar subsea contract. Image from OneSubsea. The scope…

Senate Bill 788: No offshore California drilling

Apr 23, 2015

Senator Mike McGuire’s office is creating legislation to ban oil and gas drilling off the coast of California. The SB 788 Coastal Protection Act will close a loophole that could allow oil and gas developments in coastal waters. According to McGuire…

CERAWeek: Collaborating on mega projects

Apr 23, 2015

In a typical year, Petrofac designs, builds, operates and maintains about 100 oil and gas projects, usually with six projects going at the same time. So its top managers, like Ayman Asfari, the company’s chief executive, know the industry very well…

Headwinds to continue thru 2015

Apr 23, 2015

Strong performance in its subsea business has helped Technip offset “unsatisfactory” onshore and offshore revenues despite industry headwinds, the firm’s CEO Thierry Pilenko announced today. But, the chairman of France’s Technip, which recently launched a new subsea joint venture…

CERAWeek: Tillerson advises the industry

Apr 22, 2015

The sudden drop in oil prices is different from cycles in the recent past, said Rex Tillerson, chairman and chief executive of ExxonMobil, during his Tuesday morning keynote speech and discussion at the recently held CERAWeek. This event has been created due to oversupply…

CERAWeek: Total gets back to basics

Apr 22, 2015

Fifteen years ago, the energy industry was managing its costs very well, said Patrick Pouyanne, chief executive and president of the executive committee for Total SA. Now, operators should find ways to simplify its processes to return to reasonable costs…

Maersk Interceptor reaps rewards for Det norske

Apr 22, 2015

The first well drilled using the new build jackup giant Maersk Interceptor (pictured) have reaped successful results for operator Det norske, the firm said this morning.  The new unit, operating in the Norwegian sector of the North Sea…

Enhanced spill detection and SAR comes to UK

Apr 22, 2015

A consortium of three companies has joined forces to bring enhanced oil spill detection and search and rescue capability to the UK North Sea. Using technology developed in Norway, Aptomar, working with Aberdeen's Briggs Environmental Services…

CERAWeek: Colombia in the spotlight

Apr 22, 2015

Colombia yet again made another push this year at IHS CERAWeek in Houston to alert the oil and gas industry that not only is the South American country open for business,  like that of its northern competitor Mexico, but that it is willing…

NOV's Thigpen to head Transocean

Apr 21, 2015

NOV's senior vice president and chief financial officer, Jeremy D. Thigpen, has left the company effective immediately to become president and CEO of rig owner Transocean. Thigpen succeeds Ian C. Strachan who was appointed interim CEO…

CERAWeek: Mexico open for business

Apr 21, 2015

For the first time in decades, Mexico’s upstream business is accessible to foreign companies. A panel of experts discussed the implications at this week's CERAWeek conference in Houston and found that, with three bidding rounds planned and data rooms open for scrutinizing…

CERAWeek: More M&A deals

Apr 21, 2015

Investment dollars are finding good value in the current low oil price environment, according to a panel of finance professionals who discussed the wealth of finance opportunities found in today’s oil and gas companies, at this weeks' CERAWeek in Houston…

CERAWeek: Statoil CEO says industry needs standardization

Apr 21, 2015

Statoil’s CEO Eldar Sætre made the case for simplicity, industrialization, and standardization as a way for the industry to get through the current downturn at IHS CERAWeek in Houston Tuesday afternoon. Sætre opened with a joke about the downturn saying…

CERAWeek: Managing through the cycle

Apr 21, 2015

Currently, the energy industry is focused on finding ways to master the challenges of the low oil-price cycle. To meet those challenges, first, operators must re-evaluate the future of global oil development, said OAO LUKOIL President Vagit Alekperov…

Norway launches latest exploration round

Apr 21, 2015

Norway’s Ministry of Petroleum and Energy has opened its latest Norwegian Continental Shelf (NCS) – Awards in Predefined Areas (APA) licensing round.  The area covered by the 2015 round, licenses from which are expected to be awarded in early 2016…

Woodside drops Morocco option

Apr 21, 2015

London-listed Atlantic margin explorer Chariot Oil & Gas Atlantic is seeking a new partner of its Rabat Deep permit offshore Morocco after 25% equity holder Woodside elected not to take an option to take over operatorship and fund a well on the license…

CERAWeek: Key changes needed

Apr 20, 2015

The global oil and gas industry, and US companies in particular, will require four key changes to expedite recovery from the current slowdown in activity, said Ryan Lance, chairman and chief executive of ConocoPhillips. Ryan made his comments…

UK may revoke Dea UK/LetterOne licenses

Apr 20, 2015

The UK government is giving Dea UK and partner LetterOne three to six months for a further change of control for UK North Sea petroleum licenses or they will be revoked. RWE Breagh installation…

NADL, Rosneft delay deal termination

Apr 20, 2015

Norway-based North Atlantic Drilling (NADL) and Russia's Rosneft recently agreed to extend the termination date of the 2014 framework agreement until May 31, 2017. The agreement states that either party can end the agreement, including any offshore drilling contracts…

Schahin files for bankruptcy

Apr 20, 2015

The Schahin Group filed for bankruptcy for its engineering unit as it seeks protection from creditors, according to news agency Bloomberg. Schahin holds 28 diversified companies and about US$2.12 billion in debt. However, Schahin’s oil and…

Karoon confirms Echidna oil

Apr 20, 2015

Karoon Gas Australia confirmed a 213m gross oil column at its Echidna-1 well offshore Brazil. The Olinda Star. From Karoon. The exploration well is located in the Santos basin…

Pain for Petrofac on Laggan Tormore

Apr 20, 2015

London headquartered oilfield services firm Petrofac says its loss on the west of Shetland Laggan Tormore project is to reach US$360 million in 2014-2015 amid delays and industrial action.  Petrofac's work on the project, a 125km subsea…

KrisEnergy hits at final sidetrack

Apr 17, 2015

KrisEnergy’s Thai campaign success continues at its Rossukon-3ST sidetrack well that encountered 148ft of oil and gas pay. Offshore Thailand map. From KrisEnergy. The final exploration…

Transocean scraps 19th rig

Apr 17, 2015

The GSF Explorer drillship is next on the chopping block as Transocean decides to scrap its 19th rig, causing an estimated US$120 million hit to the company. The Transocean Sedco Express was awarded a 45-day contract…

Gazprom: Nearly 3 MMbbl of Arctic oil delivered to Europe

Apr 17, 2015

In April, Gazprom reached a milestone for its Prirazlomnoye oil field as the Kirill Lavrov tanker delivered a new batch of ARCO Arctic oil to Europe during its sixth shipment. More than 2.9 MMbbl of oil has been extracted from the Prirazlomnoye oil field since production began…

Delta House flows

Apr 17, 2015

Louisiana-based LLOG Exploration Co. began production from the Delta House floating production system (FPS) in the Gulf of Mexico. Delta House. From LLOG. Delta House is located in Mississippi Canyon 254…

Goliat arrives in Hammerfest

Apr 17, 2015

Eni's floating cylindrical platform for the Goliat field in the Barents Sea arrives in Hammerfest today (April 17) from South Korea after a 63-day voyage covering 15,608 nautical miles, the firm has announced. The 107m-diameter, 64,000…

Dry run continues for BG Group offshore Norway

Apr 17, 2015

Shell takeover target BG Group has continued a dry exploration run offshore Norway with its latest exploration well near the Knarr field.  The 34/3-5 well, on production license 373 S, in 403m water depth, was drilled about 5km southeast of Knarr in the Northern North Sea…

Chevron adds drillship in GOM

Apr 16, 2015

In April, Transocean’s Deepwater Asgard drillship arrived in the US Gulf of Mexico (GOM) to work under a two-year contract for Chevron. The ship is a Daewoo Shipbuilding DSME 12000 design with dynamic positioning capabilities and can drill up to 35…

Fleet dayrates drop in 1Q 2015

Apr 16, 2015

Drill rig fleet operators are dropping dayrates as the market is squeezed due to the precipitous fall in global crude price. Industry insiders say dayrate bargaining by upstream companies is the play of the day. Rigs operating in the Middle East are particularly exposed…

First TLPs for offshore China

Apr 16, 2015

Technip is to help design China's first tension leg platforms (TLPs) under a contract with joint venture partner China Offshore Oil Engineering Co. (COOEC). Image from CNOOC. The…

KrisEnergy begins Rossukon-3ST

Apr 15, 2015

KrisEnergy began drilling the Rossukon-3ST sidetrack well offshore Thailand. Image from KrisEnergy. Rossukon-3ST is located in the G6/48 license that covers 566sq km over the Karawake basin…

Sub-$70/bbl oil unsustainable - Rystad

Apr 15, 2015

An oil price below US$70/bbl will not be sustainable long term, according to Norwegian energy analysts Rystad Energy.  Speaking at the firm’s offices in Oslo, senior analyst Audun Martinsen outlined how the firm sees current global liquids…

Far from dead

Apr 15, 2015

Never let a good crisis go to waste, an industry conference in Oslo, Norway, had been told this morning,  Image from Aker. The phrase, used by former UK Prime Minister and wartime…

EIA releases Annual Energy Outlook 2015

Apr 14, 2015

The US Energy Information Administration (EIA) published its Annual Energy Outlook 2015 report, authored by Adam Sieminski, today. A key finding of the report is that US net energy imports, including all fuels, are expected to decline and…

KrisEnergy in third Thai discovery

Apr 14, 2015

KrisEnergy encountered oil and gas pay at the Rossukon-3 exploration well in the Gulf of Thailand. Image from KrisEnergy. Rossukon-3 is located in the G6/48 contract area that covers 566sq km over the Karawake basin…

Lundin onstream off Malaysia

Apr 14, 2015

Lundin’s first development project offshore Malaysia, the Bertam field, is now onstream, with plans to continue with production from remaining wells throughout 2015. Malaysia drilling operations…

Bourbon crew kidnapped off Nigeria

Apr 13, 2015

French vessel operator Bourbon confirmed that three Nigerian crew members were kidnapped off one of its crew boats, the Surfer 1440, offshore Nigeria. Image from Bourbon. In a statement…

New regulations for offshore operators

Apr 13, 2015

A new offshore drilling safety rule proposed by the Bureau of Safety and Environmental Enforcement (BSEE) is expected to improve safety offshore in response to the Deepwater Horizon incident five years ago. The proposed rule, 30 CFR Part 250…

Karoon hits at third Santos well

Apr 13, 2015

Karoon Gas Australia made a discovery at the Echidna-1 exploration well, the third in the Santos drilling campaign, offshore Brazil. Image from Karoon.   According to the Australian company…

Statoil hits again at Aasta Hansteen

Apr 13, 2015

Statoil confirmed its second discovery in the Aasta Hansteen area with the Roald Rygg prospect in the Norwegian Sea. Map of Roald Rygg. From Statoil.   The gas discovery was made at…

Noble announces Falkland acreage

Apr 13, 2015

US-based Noble Energy acquired from Argos Resources a 75% interest and operatorship of 285,000 gross acres in the PL001 license in the North Falkland basin, northwest of the PL032 license that includes the Sea Lion oil discovery.   Edison International SpA obtained the remaining 25%…

KrisEnergy awards Lengo work

Apr 13, 2015

KrisEnergy awarded Singapore-based Synergy Engineering the front-end engineering and design (FEED) for the Lengo gas development offshore East Java, Indonesia. Image of the Lengo platform. From KrisEnergy…

Zeta in Pan Pacific US$22.5 million bid

Apr 10, 2015

Zeta Energy is offering up US$22.5 million for an unconditional takeover offer for Pan Pacific Petroleum NL (PPP). Map from PPP. The offer equals to $0.04 (A$.05) per share and will be made as an on-market cash offer…

BPZ in Peru oil fail

Apr 10, 2015

Houston-based BPZ Energy, that is currently under chapter 11 protection, is suspending its Corvina CX15-9D well offshore Peru after failing to produce oil. Map from BPZ. The well…

Total makes Norwegian gas discovery

Apr 10, 2015

French supermajor Total is assessing development options for a new small gas discovery made in the Norwegian sector of the North Sea.  The estimated 3-10 MMboe recoverable gas discovery was in exploration well 25/6-5 S, called Skirne East by Total and Shango by partner Faroe Petroleum…

Sustainable safety crucial to offshore industry

Apr 09, 2015

On 9 April, thought leaders in the offshore oil sector held an industry discussion focused on the importance of sustainable safety in the offshore oil and natural gas industry. The group included Jack Gerard, president and chief executive for the American Petroleum Institute (API) Randall Luthi…

Apache exits Aussie business for $2.1 billion

Apr 09, 2015

Apache agreed to sell its Australian subsidiary Apache Energy Ltd. to a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. for cash payment of $2.1 billion. With the sale, the company…

Statoil hits at Yeti in GoM

Apr 09, 2015

Statoil made an oil discovery at Walker Ridge’s Yeti in deepwater Gulf of Mexico (GoM). Yeti map. From Statoil.   The Yeti exploration well is located in Walker Ridge Block 160, approximately 15km south of Chevron’s Big Foot field…

Premier spuds latest Falklands target

Apr 09, 2015

UK-based Falklands explorer Premier Oil has spudded its second 2015 exploration campaign well in the north Falklands basin. The Eirik Raude. From Ocean Rig.   If successful, the 14/20…

Woodside hits off Western Australia

Apr 08, 2015

Woodside made a gas discovery at its Pyxis-1 exploration well in production license WA-34-L, offshore Western Australia. Map of WA-34-L. From Woodside.   The well intersected approximately 18…

Shell makes $70bn BG offer

Apr 08, 2015

International oil major Shell has made a US$70 billion cash and share offer for UK-headquartered deepwater and LNG-focused BG Group in what is one of the first supermajor deals since the early 2000s.  The move, which offers a 52% premium to BG Group's share price…

Former Roc chief headed for Afren top spot

Apr 07, 2015

London’s Afren is appointing Roc Oil's former Chief Executive Officer (CEO) Alan Linn as its new CEO to take the place of Osman Shahenshah, who was terminated for “gross misconduct” in October 2014. Linn…

ONS Norway 2015 cancelled

Apr 07, 2015

After record numbers poured in last year, ONS Norway set for 17-19 August 2015, has been canceled due to low oil prices, low activity and great uncertainty in the industry, which led to a low number of registered exhibitors, the ONS Foundation said on 7 April…

McDermott, GE get Brazilian SURF

Apr 07, 2015

Queiroz Galvão Exploração e Produção (QGEP) awarded the McDermott International and GE Oil & Gas consortium a SURF contract to provide subsea equipment for the early production system (EPS) on the Atlanta field, offshore Brazil. Map from QGEP…

Apache’s Phoenix gets resource appraisal

Apr 07, 2015

Apache Energy’s Phoenix area off Western Australia is estimated to contain 48-232 MMbbl of contingent and prospective recoverable oil, according to an independent technical advisor. Map from Carnarvon…

KrisEnergy drills third Thai well

Apr 07, 2015

KrisEnergy began drilling the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand using Shelf Drilling's Key Gibraltar jackup rig. Gulf of Thailand block map. From KrisEnergy.   Rossukon…

Deepwater Malaysia discovery for JX Nippon

Apr 07, 2015

Japanese exploration firm JX Nippon Oil & Gas Exploration's Malaysia subsidiary is planning two further exploration wells offshore Malaysia after confirming a deepwater oil discovery. The Bestari-1 exploration well, the first drilled in Deepwater Block R (the Block)…

PEMEX to restore Abkatún production

Apr 06, 2015

After a fire that killed four workers, with three still missing, Petróleos Mexicanos (PEMEX) began to restore production at the Abkatún central processing platform in the Gulf of Mexico. Abkatún A. From PEMEX Flickr…

Rigs scrapping continues

Apr 02, 2015

Global rig provider Transocean said it will scrap two more rigs from its fleet taking the total number of floaters it is planning to scrap to 18, the company announced on 1 April 2015. The two rigs joining its soon to be departed brethren are the GSF Aleutian Key and Sedco 707…

Falklands success for Premier Oil

Apr 02, 2015

Premier Oil’s first exploration well in its 2.1 billion bbl 2015 Falkland’s drilling campaign has confirmed the extension of the giant Sea Lion discovery.  The 14/15b-5 Zebedee exploration well, using the Eirik Raude semisubmersible drilling rig…

Karoon spuds third Santos well

Apr 01, 2015

Karoon Gas Australia spudded its third well in the Santos basin drilling campaign, offshore Brazil. Map of the Santos basin, from Karoon.   The Echidna-1 exploration well is located in exploration block S-M-1102…

Karoons spuds third Santos well

Apr 01, 2015

Karoon Gas Australia spudded its third well in the Santos basin drilling campaign, offshore Brazil. Map of the Santos basin, from Karoon.   The Echidna-1 exploration well is located in exploration block S-M-1102…

Four dead from fire aboard PEMEX platform

Apr 01, 2015

Four people are dead and several injured following a fire on Petróleos Mexicanos' (PEMEX) Abkatún Permanente platform in the Bay of Campeche, offshore Mexico. PEMEX confirmed the four casualties on its Twitter account around 12:30 p.m…

Fugro in Moho Nord subsea gig

Apr 01, 2015

Total E&P Congo awarded Fugro a five-year, US$100 million contract for remote operated vehicle (ROV) services and remote subsea tooling in the Moho Nord field offshore Africa. Image of Fugro's FCV 3000 work class ROV system…

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