China's CNOOC Ltd started producing crude oil at 1/3/8/9 block of the Penglai 19-3 oilfield off north China's Bohai Bay, the company said in a statement on Tuesday.The new block currently has two wells in production and daily output is expected to reach a peak rate of 58…
Energy demand will plateau after 2030, according to a new DNV GL (stand 5B51) model which forecasts the pace and extent of the global energy transition until 2050. While fossil fuel will still provide more than 40% Peak of the world energy demand…
Joint operator Husky-CNOOC Madura has started first production from the BD gas field in Indonesia. The BD gas field is in the Madura Strait in 55m water depth. It is being produced via an unmanned wellhead platform, a floating production…
China's CNOOC started production at its Enping 23-1 oil fields, in the Pearl River Mouth Basin of the South China Sea. The oil fields have an average water depth of approximately 90m, in which CNOOC holds 100% interest. There are currently three wells producing approximately 5600 b/d…
CNOOC's shallow water Penglai 19-9 comprehensive adjustment project has started production. The Penglai 19-9 oilfield is in Bohai Bay, China, which has an average water depth of about 30m. The Penglai field, discovered in 1999, has been described as the largest offshore field in China…
Oilfield services giant Schlumberger has acquired Aberdeen-based Peak Well Systems (Peak), a specialist in the design and development of advanced downhole tools for flow control, well intervention and well integrity. Peak Well Systems…
UK independent EnQuest has brought its Scolty and Crathes development in the UK North Sea onstream. The firm also confirmed sailaway of the US$2.6 billion Kraken development floating production, storage and offloading vessel is due in coming days…
India’s Oil and Natural Gas Corp. (ONGC) has received approval from its board of directors for the development of its proposed US$5.1 billion deepwater oil and gas project, offshore east India. Image from ONGC…
Douglas Westwood (DW) has revised its outlook considerably for West Africa’s deepwater prospects by 44% amid project delays and cancelations. A year ago, DW said that exploration and production (E&P) companies within West Africa were…
Shell has started oil production from the third phase of its Parque das Conchas (BC-10) development, offshore Brazil, in hopes of adding up to 20,000 boe/d. The Espirito Santo FPSO. Image from SBM Offshore…
Singapore’s KrisEnergy completed development drilling in the G10/48 and the G11/48 licenses in the Gulf of Thailand. The G10/48 license is located in the Wassana oil field, which comprises 13 producer wells and one water disposal well…
Norway's Det norske is expecting sailaway of the Ivar Aasen devlopment topsides in late may, with installation offshore Norway expected for July 2016. In a market update, the firm said key activities for the project, on the Utsira High…
CNOOC says the Weizhou 12-2 oilfield joint development project (Weizhou 12-2) and Weizhou 11-4 North oilfield Phase II project (Weizhou 11-4 North) have recently started production. The Weizhou 12-2 project is in the Beibu Gulf basin…
Peak Well Systems has made a further investment in its Aberdeen Technology Centre in support of ongoing research and development and commercialization of its newly launched SIMULTRA range. The range is a new generation of flow control…
Shell started production from the Bonga Phase 3 project offshore Nigeria, with expected peak production to hit about 50,000 boe/d. Image of the Bonga project. From Shell Flickr. Bonga…
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