Reusing wells on the Norwegian shelf can be good business. This is why the Norwegian Petroleum Directorate (NPD) is skeptical of the proposal to plug wells as a measure to keep drilling rigs in activity. As resource steward, the NPD wants…
Since the first oil shock of 1973, instability in the Middle East has frequently been associated with higher oil prices. In an industry desperate for positive movement in crude price, the current turmoil in this region is having a limited impact…
Shell made a “major discovery” at its Kaikias well that could possibly surpass 100 MMboe, in the deepwater Gulf of Mexico. Map of the Mars-Ursa basin. From Shell. Kaikias is located about 60mi south of Louisiana…
Ithaca Energy's delayed Greater Stella Area development remains on track for first production in Q2 next year. In a trading update this morning, Ithaca says sailaway of the FPF-1 floating production facility from the Remontowa Shipyard in Gdansk…
Petróleo Brasileiro (Petrobras) has declared Sépia Leste in the Santos basin pre-salt area to be commercial with an estimated 130 MMboe recoverable resources, offshore Rio de Janeiro. Map of the Sépia field…
Independent Oil and Gas’s (IOG) Skipper discovery in the UK North Sea received an increase of recoverable resources by 6% to 34.1 MMbbl. Map of Skipper. From IOG. Skipper, currently in the advanced stages of planning…
The Norwegian Petroleum Directorate has granted start-up consents for the Edvard Grieg oil pipeline and the Utsira High gas pipeline. These transport solutions will become part of the development of the Edvard Grieg and Ivar Aasen fields on the Utsira High in the North Sea…
Statoil has received an expert calculation of revised tract participations for the Agbami field, offshore Nigeria. Assuming implementation, this calculation will result in a reduction of 5.17% in Statoil’s equity interest in the Chevron-operated field from 20…
Chevron subsidiary Chevron Overseas (Congo) began oil and gas production from the Lianzi Field, the company’s first cross-border project between the Republic of Congo and the Republic of Angola, offshore Africa. Map of Lianzi…
A new report reveals that whilst the current environment is creating opportunities for innovation, almost half of oil and gas executives admit they have fallen short of their innovation goals. The number of respondents saying they have fallen…
Eni CEO Claudo Descalzi met with Israel’s Prime Minister Benjamin Netanyahu and Energy and Water Minister Yuval Steinitz in Jerusalem today (29 October) to discuss potential joint development of natural gas in the Eastern Mediterranean as…
Chevron’s appraisal of the Anchor discovery proved successful oil pay in the Lower Tertiary Wilcox Trend, in the US Gulf of Mexico that the company says indicates a significant discovery of potentially hub class scale. Chevron's…
Noble Energy has commenced production from the Big Bend oil development in Mississippi Canyon 698 of the deepwater Gulf of Mexico. Noble and partners expect the single-well field to reach a maximum gross production rate of approximately 20…
CGG announced that it has been appointed as technical consultant by the Gabonese Republic’s Ministry of Petroleum and Hydrocarbons to help with the promotion of its 11th Licensing Round focusing on five highly prospective deepwater blocks…
The joint venture of Zarubezhneft and Petrovietnam Vietsovpetro made a commercial discovery of the Sturgeon field offshore Socialist Republic of Vietnam. Map of Block 09-3/12 (the greyed area)…
Subscribe
