Gas News


Indonesian green light for KrisEnergy

Dec 29, 2014

Indonesian authorities have approved a plan of development (POD) for the Lengo gas field in the Bulu production sharing contract (PSC) offshore East Java. Approval of the POD paves the way for the operator, KrisEnergy, to pursue formal…

KBR announces restructure

Dec 12, 2014

Less than one year into his tenure as the President and CEO of KBR, Stuart Bradie will spend up to US$1 billion to streamline and reorganize the energy engineering and construction giant following the results of a strategic review he initiated in June…

Jumbo taps Technip for Wheatstone

Dec 09, 2014

Jumbo signed a contract with Technip Oceania for the installation of 13 subsea structures for the Chevron Wheatstone Project.  The subsea structures comprise of pipeline termination structures, subsea isolation valve structures, tee protection structures and drill center manifolds…

New leak halts Hammerfest

Dec 08, 2014

Statoil has shut its Snohvit LNG plant down because of a gas leak, Reuters has reported. While it is not yet known when the plant will return to production, Statoil Spokesperson Oerjan Heradstveit told the news service: 'The situation is now under control and there is no longer a leak…

Rosneft: Kara Sea field reserves confirmed

Dec 04, 2014

Russian authorities confirmed the reserves in the Pobeda oil and gas field, located on the Kara Sea shelf, Rosneft announced. The field was discovered through the Universitetskaya-1 well. The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age…

Statoil invests in Hammerfest LNG

Dec 04, 2014

Statoil plans to pump an additional NOK20 billion (nearly US$2.9 billion) in its Hammerfest LNG plant in Melkoya to increase its production capacity, Norwegian news service NRK has reported. A new pipeline and compression facility are envisioned for the plant…

Rocksource's Ivory disappoints

Dec 02, 2014

Rocksource said it encountered a thick well-developed basin floor fan sand with a gas-accumulation at the top in the Kvitnos target in the PL 528 Ivory exploration well in the Norwegian Sea. In the deeper Lysing target, the well penetrated a poorer than expected water-bearing sand…

Putin: South Stream pipeline at a halt

Dec 02, 2014

Russian President Vladimir Putin said that Russia will discontinue current plans for the South Stream pipeline, citing continuing opposition from Europe, specifically Bulgaria. Instead, he announced preliminary plans to create a gas hub for southern Europe at the Turkish-Greek border…

Fosun, Roc Oil deal nears completion

Nov 17, 2014

Fosun International subsidiary Transcendent Resources has almost completed its off-market takeover bid of Roc Oil. The Hong Kong-based Fosun announced that it has received acceptances of 92.595% of all existing Roc shares, which translates to 363…

McDermott completes Ichthys installation

Nov 12, 2014

McDermott International delivered its 7,200-ton riser support structure (RSS) tower for the Ichthys project in the Browse basin, about 124mi off Western Australia. Engineered in Singapore and fabricated on Batam Island, Indonesia, the RSS tower is more than 328ft tall…

Total: Kashagan production to resume by 2017

Nov 11, 2014

Production could resume as early as 2016 for the Kashagan oil and gas project off Kazakhstan following the replacement of pipeline infrastructure, Total’s President of Exploration and Production Arnaud Breuillac told Bloomberg. Production…

PA Resources drops Dutch blocks

Nov 10, 2014

Tulip Oil will pick up partner PA Resources’ 30% equity in blocks Q7/Q10a off The Netherlands. Under the agreement, Tulip Oil will pay a consideration of almost US$1.6 million upon completion of the transaction; further payment is contingent on certain asset milestones being met…

RWE Dea moves on Atlas

Nov 05, 2014

RWE Dea Norge has started drilling the Atlas exploration well in production license 420 after approval from the Norwegian Petroleum Directorate (NPD).   Atlas, also known as well 35/9-12 S, is located in the North Sea approximately 45km off Norway…

Total adds to Garantiana resources

Nov 03, 2014

Total E&P Norge encountered oil after drilling an appraisal well on the Garantiana prospect in production license 554 in the Norwegian North Sea. Appraisal well 34/6-3 S was drilled on Garantiana and exploration well 34/6-3 A, a sidetrack well…

Noble Energy sets Leviathan production date

Oct 31, 2014

Noble Energy has targeted an early 2018 start-up date for its giant Leviathan gas field off Israel, according to its 3Q earnings statement. In addition, the Houston-based independent received government approval for a gas delivery point for the field in the northern part of Israel…

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