First oil has commenced from the Wassana oil field in the G10/48 concession in the Gulf of Thailand, operator KrisEnergy announced. Wassana is expected to achieve peak production of approximately 10,000 bo/d by year’s end. KrisEnergy…
Iran is preparing to introduce 45 new oil projects to potential investors as it looks to attract investment into the country post-sanctions. Iran finally reached an historic agreement with the P5+1 countries late last month, over Iran's nuclear activities…
Falklands and Mediterranean-focused explorer Rockhopper Exploration has taken a step forward in its plans to develop an offshore Italy oil field. The firm's Ombrina Mare field environmental impact assessment has been approved by Italy's…
The US Bureau of Ocean Energy Management (BOEM) announced that its Western Gulf of Mexico (GoM) lease sale 246 held today (19 August) attracted US$22.7 million in bids. The BOEM and industry advocates say the sale reflects current market conditions…
Statoil’s largest steel jacket in its history is on its two-week, 1835 nm journey to the North Sea after setting sail from the Spanish Dragados yard on 10 August. Mariner steel jacket sails away…
First oil and gas was produced from the H5 wellhead platform (H5-WHP) on the Te Giac Trang (TGT) field 10 August offshore Vietnam, says SOCO. The start of production was achieved one month ahead of schedule and the H5 development project has been completed with zero lost time accidents…
The subsea infrastructure installation campaign on Ithaca Energy's Greater Stella Area (GSA) development is nearly complete, following the conclusion of the projects five-well development drilling campaign in April. The project, in the central North Sea…
Production has restarted on the Kwane Nkrumah FPSO (pictured) on Tullow Oil's giant Jubilee field offshore Ghana ahead of expectations. The FPSO had suffered issues with its gas compressor late last month, resulting in a gas export outage from 3 July…
Norwegian oil firm Statoil has marked a milestone on its giant Johan Sverdrup development offshore Norway - the installation of the project's 280-tonne pre-drilling template. Heerema Marine Contractors’ crane vessel Thialf completed the installation of the 32m-long…
After almost eight decades of Pemex monopoly, the Mexican energy sector is entering a new era of foreign oil company participation. A decade of steady decline in domestic oil and gas production has incentivized the Mexican government…
A Russian offshore gas and condensate field in the Sea of Okhotsk has been added to a US-sanctions list prompted by Russia's actions in Ukraine. The Yuzhno-Kirinskoye field, 35km northeast of Sakhalin Island and 6km southeast of the Kirinskoye field…
BP has started a US$1 billion in its Eastern Trough Area Project (ETAP) in the North Sea as part of a platform renewal life extension project. The investment will see the facilities (pictured), which produce oil and gas from nine different reservoirs…
ION Geophysical Corp. announced the availability of fast-track pre-stack time migrated (PSTM) data from the first phase of its MexicoSPAN program. Currently being acquired, phase one encompasses more than 22,000km of deep-imaged two-dimensional (2D) seismic data…
Eni subsidiary Saipem is implementing a turnaround and US$1.4 million (€1.3 million) cost-cutting program from 2015-2017 that will downsize the company’s Brazilian and Canadian operations, vessels, and implement job cuts. The program also…
The Transocean Polar Pioneer semisubmersible officially began Shell’s US$1 billion Arctic drilling program in the Chukchi Sea on 30 July. The Polar Pioneer. From Transocean. Drilling operations began at Shell’s Burger J prospect…
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