Citing unease over changing US regulations, ConocoPhillips opted to pause plans for its 2014 Alaska Chukchi Sea drilling program, the supermajor announced on 10 April 2013.Shell's oil spill response teams practice laying out nearly 600m (1,500ft)…
Norway’s Seadrill completed the sale of its tender rig business to Malaysia’s SapuraKencana Petroleum for $2.9 billion. SapuraKencana will acquire all the tender rigs in Seadrill’s fleet except for the West Vencedor, T15, and T16.
Salamander Energy found oil and gas pay at its South Kecapi-1 DIR/ST exploration well in the Botang PSC in the North Kutei basin off Indonesia. The well found a combined 40m of net oil and gas pay in high-quality, stacked, Pliocene channel sandstones…
Reliance Industries and BP plan to invest US$5 billion in deepwater gas development of the KG D6 block over the next three to five years. The plan proposed will develop about 4tcf of discovered natural gas reserves. The partners plan to optimize KG D6 through compression and water handling…
Norwegian Ministry of Defense approved the sale of Olavsvern naval base, 20km outside of Tromsø, to investor group Triko, which includes Odfjell Drilling, PSW Rig Service, private investors. In cooperation with Petro Support Group, Trikpo will convert the base to an offshore service center…
Panoro Energy found 20m of oil pay in a sidetrack to its earlier Tortue prospect discovery in Dussafu Marin PSC, offshore Gabon. The discovery well, Dussafu Tortue Marin-1 (3430m TD, 118m water depth), found oil in the pre-salt Gamba and Dentale reservoirs…
FPSO Cidade de Itajaí Petrobras began producing at Baúna field, in the southern Santos Basin, off Brazil. The FPSO Cidade de Itajaí, which arrived at the field in December, was connected to well 9-SPS-88. That well is estimated to produce up to 12…
BP began production from the PSVM development in block 31, off Angola. Three wells at the Plutao field are expected to increase production at PSVM to about 70,000b/d of oil. Output will increase to 150,000b/d once Saturno, Venus, and Marte fields come online later this year and next…
F.ExxonMobil and Rosneft signed an addendum to their 2011 strategic cooperation agreement extending ExxonMobil’s access to seven new exploration blocks in the Chukchi, Laptev, and Kara Seas, an area of about 600,000 sq km. Rosneft gained…
E.Centrica Energy has started production on its southern North Sea York gas field. The field 40km east of Humberside in 45m of water and is expected to produce about 120mmcf/d of gas at its peak. Gas will be exported via pipeline to CSL’s terminal in Easington…
D.The government of Malta awarded blocks 1, 2, and 3 of Area 3 to Capricorn Malta, a subsidiary of Edinburgh-based Cairn Energy. The blocks are north of Malta and total 6400 sq km. Capricorn Malta will reprocess existing 2D seismic data…
C. PGS vessel Ramform Challenger began gathering London-based Borders & Southern Petroleum’s 3D seismic program off the Falkland Islands in the South Atlantic. Located about 140km south of the Falkland Islands and covering more than 1000 sq km…
B. Karoon Gas Australia encountered light oil at the Kangaroo-1 exploration well on block S-M- 1101 in the Santos Basin off Brazil. Karoon drilled the Kangaroo prospect to 3049mRT. Mudlog, wireline petrophysical and MDT pressure data confirmed the presence of a 25m oil column in the Eocene…
A. The US Department of Energy granted Pangea LNG (North America) Holdings, long-term, multi-contract authorization to export up to 8 million tonnes per annum (mtpa) of LNG to free trade agreement nations from its south Texas LNG Project…
For many years it’s been clear demand is rising – and that trend has stayed consistent – but there has been a lot of change in where the supply is coming from. BP estimates that global energy demand is likely to grow by more than a third between now and 2030…
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