Premier Oil’s Pelikan is onstream after gas production began from the field, offshore Indonesia. Map from Premier Oil. The Pelikan field is located in the Natuna Sea Block A and has 75 Bcf of reserves…
Lloyd’s Register Consulting completed safety work packages for Aibel regarding an engineering and design contract for the Vette floating productions storage and offloading (FPSO) project. The safety contracts cover quantitative risk assessments…
North Sea oil independent EnQuest is expecting its 2015 production to be at least 10% above previous expectations, and announced a 40% cut in capital spending, easing concerns the firm could breach debt covenants. EnQuest said 2014 production was up 17% compared to 2013…
Norway's Ministry of Petroleum has welcomed interest in its latest Awards in Pre-defined Areas licensing round, despite the expection that future discoveries in the area will be smaller than in the past. Stakes in some 54 new production…
CNOOC encountered oil and gas at its deepwater Lingshui 25-1 prospect in the Qiongdongnan Basin in the South China Sea, the operator confirmed on 6 January 2015. The well was tested to produce about 35.6 MMcf/d of natural gas and 395 b/d of oil…
China National Offshore Oil Corp. (CNOOC) and Kuwait Foreign Petroleum Exploration Co. (KUFPEC) signed three production sharing contracts (PSC) for Blocks 52/22, 52/26, and 63/13 located in the Yinggehai basin, in the South China Sea. According to the terms of the PSCs…
Nearly 50 companies have made applications for licenses in the Norwegian government's lates licensing round. The deadline for applications ended September 2. Norway's Ministry of Energy and Petroleum said applications had been received…
US oil and gas company Apache says it will exit both Chevron-operated LNG projects, Kitimat and Wheatstone, in which the company holds equity interests in order to focus on its more lucrative onshore business. Apache’s Chairman and CEO G…
Polarcus has opened its first office in Norway. The new office is in the center of Stavanger, and adds to the firm's global network of regional marketing offices in London, Houston, Singapore, Moscow, and Rio de Janeiro. The firm says…
Tullow Oil's Tapendar-1 exploration well in the C-10 license, offshore Mauritania, has not encountered hydrocarbons and the well is being plugged and abandoned. Tapendar-1 is the second exploration well in Tullow’s Mauritania exploration campaign…
Lundin Petroleum has completed two successful appraisal wells 16/3-8 S and 16/3-8 S T2, on the Johan Sverdrup discovery. Appraisal well 16/3-8 S, on the Avaldsnes High, was drilled about 4km southeast of discovery well 16/2-6 and about 3km west of appraisal well 16/3-4…
The project for joint seismic acquisition in the southeastern Barents Sea has been joined by a further 16 companies. In total, 33 companies are now part of the project, which will secure good data quality and low acquisition costs. A…
Shell agreed to sell its stakes in the Chevron-led Wheatstone-Iago joint venture and the Wheatstone LNG project off Western Australia. The company sold its 8% equity interest in the Wheatstone-Iago JV and its 6.4% interest in the Wheatstone…
First oil on EnQuest’s Alma/Galia project is now scheduled for Q1 next year, weather permitting, due to an increase in the scope of work on the development's floating production unit. EnQuest said the increased work related to the refurbishment…
BP has pulled out of Yacheng gas field in the South China Sea, selling its 34.3% stake to KUFPEC, a subsidiary of KPC, for US$308 million. Pending approval by CNOOC, the deal is expected to close 2H 2013.
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