AWE Ltd. announced on 13 June that drilling began on the Oi-2 exploration well located in Petroleum Mining Permit (PMP) 38158 offshore Taranaki, New Zealand. The joint venture partners hope the Oi-2 well will allow the evaluation of hydrocarbon potential of a 4-way dip closed structure…
North Caspian Operating Co. BV (NCOC), the seven-company consortium behind Kashagan development, confirmed 12 June that production is not expected to resume in 2014. It appears that “both oil and gas lines might have to be fully replaced…
Eni signed a strategic agreement with KazMunayGas (KMG), which will result in KMG and Eni each holding 50% of exploration and production rights in Isatay, an offshore exploration area in the north Caspian Sea. The block is 45km north of the Bozashi peninsula…
Houston based, Oceaneering has secured a contract from FMC Technologies Singapore Pte Limited, to supply umbilicals for the Jangkrik project located in the Muara Bakau PCS (Production Sharing Contract) area off the coast of Indonesia. The…
FTS International, based in Ft. Worth, Texas, announced today that it has signed a 15-year joint venture agreement with Sinopec Group to bring its well stimulation capabilities and expertise to China. Hydraulic fracturing is recognized as one of the keys to unlocking production in shales…
Subsea UK will hosts its biennial conference, Subsea Asia, in Malaysia this week, beginning 11 June. With the Malaysian government recently approving new incentives for exploration activity in more challenging deepwater fields, Neil Gordon (pictured)…
SapuraKencana Energy Sarawak Inc. (SKE) announced the discovery of four non-associated natural gas wells in the SK408 Production Sharing Contract (PSC) area. These are the first four wells of a 10-well commitment in the SK408 PSC, a 4480sq km area…
Mitra Energy Ltd. entered into a farm-out agreement with AziPac for the partial assignment of Mitra's participating interest in the Bone PSC offshore Indonesia, the company announced on 9 June 2014. Under the terms of the agreement, Mitra…
Baker Hughes issued the May 2014 international rotary drilling rig count today, showing a total of 1024 rigs operating outside the US & Canada. International activity in May was up 4 rigs from the 1020 rigs drilling in April and up 68…
Premier Oil has announced a gas discovery on the Singa Laut-1 well in Tuna production sharing contract (Premier Oil operator, 65%) offshore Indonesia. The well penetrated 177ft of net gas-bearing reservoir quality sands within the targeted Oligocene sequence…
Salamander Energy has signed a non-binding heads of agreement with SONA to sell an effective 40% working interest in both the B8/38 concession (containing the Bualuang field) in the Gulf of Thailand and the surrounding G4/50 concession…
An oil tanker exploded and sank off the coast of Himeji, western Japan, on 29 May 2014. The mid-morning explosion and fire aboard the 998 tonne fuel tanker Shoko-Maru sent towering columns of smoke into the sky. The ship is owned by Syoho Shipping Co…
BP Azerbaijan awarded London's Wood Group a £36 million (US$60 million) call-off contract for the Shah Deniz 2 project under a 2007 global agreement. The contract covers subsea engineering and project management services during the subsea execute phase…
Australia’s AWE Limited announced that drilling on the Oi-1 exploration well in the Tui area oil fields, located off New Zealand in the Taranaki Basin, commenced on 30 May with the semisubmersible Kan Tan IV. Oi-1 is located approximately…
Houston’s Wison Offshore and Marine presented two concepts to the Pandora LNG joint venture partners for development of the Pandora gas field offshore Papua New Guinea, Cott Oil and Gas (40% interest) announced on 2 June 2014. Wison was…
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