OE Daily: 2014 / January

 

EnVen gas leak stopped

Jan 31, 2014

Update: The Bureau of Safety and Environment Enforcement (BSEE) announced that weighted drilling fluids pumped into well A-7 stopped the uncontrolled gas flow in Vermilion block 356 in the Gulf of Mexico. BSEE approved operator EnVen’s plan to kill the well with mud…

Shell drops Alaska plan

Jan 30, 2014

Royal Dutch Shell has said it will quit its 2014 plans for drilling offshore Alaska, cut capital spending, and increase the pace of assets sales, the oil major’s CEO Ben van Beurden (pictured) announced today. Shell's U-turn on Alaskan drilling follows a profit warning last week and…

BG cuts guidance

Jan 27, 2014

BG Group has cut its 2014-15 production forecasts and issued a series of force majeure notices under its LNG agreements in Egypt.  The notices are due to the diversion of gas volumes to domestic markets in excess of existing pooling arrangements…

Pemex, Lukoil sign cooperation agreement

Jan 25, 2014

Vagit Alekperov, OAO LUKOIL President, and Emilio Lozoya, General Director of Mexico’s Pemex, signed a cooperation agreement today at the World Economic Forum Annual Meeting in Davos, Switzerland. The document was signed in the presence of Enrique Peña Nieto…

BPZ Energy strikes anew at Albacora

Jan 24, 2014

BPZ Energy announced positive year-end results from Block Z1, off Peru. The company said that it boosted Block Z1's current gross production levels in excess of 4,900 bo/d, and that several more development wells are planned to be drilled in the area…

Petrobras to drill Libra 2H 2014

Jan 24, 2014

Drilling operations will begin in 2H 2014 on two wells in the giant Libra field off Brazil following approval of the field’s 2014 working and investment plan. The Brazilian national Petróleo Brasileiro S.A. (Petrobras), along with Pré-Sal Petróleo S…

Cuba: CFR delegation discusses drilling

Jan 24, 2014

Multilateral meetings between Cuba and the US are becoming more frequent, although they often fly under the radar. Cuba's Ministry of Foreign Relations, CubaMinRex, recently hosted a delegation from the US-based Council on Foreign Relations (CFR)…

Iran woos western oil co's

Jan 24, 2014

Tehran’s leadership has promised a new, attractive investment model for oil contracts by September, to woo Western business back into Iran. The pledge was made at the World Economic Forum meeting in Davos, Switzerland, yesterday.  According to the Financial Times…

UK invites North Sea bids

Jan 24, 2014

The UK Government has opened the country's 28th offshore oil and gas exploration licensing round, amid concerns about a slow-down in the basin.  Wood Mackenzie’s annual review of UK upstream oil and gas said capital investment continued to increase…

US court strikes down Chukchi Sea EIS

Jan 23, 2014

A US court ruling has put a key document supporting oil major Shell's Chukchi Sea drilling in doubt. Over one partial objection, the US Court of Appeals for the Ninth Circuit (CA9, panel based in San Francisco) ruled that selection by the Bureau of Ocean Energy Management…

Iceland divvys final Dreki license

Jan 22, 2014

Iceland’s National Energy Authority, Orkustofnun,  granted a license for the Dreki area to CNOOC Iceland ehf, Eykon Energy ehf, and Petoro Iceland AS in the third and final round for the region. CNOOC Iceland, subsidiary of CNOOC International ltd…

Cameroon launches bid round

Jan 22, 2014

Cameroon's state oil company National Hydrocarbons Corp. (SNH) announced that it will offer a licensing round for four blocks, three offshore: Bomana, Lungahe, and Ndian River, all in the Rio Del Rey basin. The Bomana block covers 139…

Record round in Norway

Jan 22, 2014

Norway’s government has offered a record 48 companies stakes in 65 new production licenses in its 2013 Awards in Predefined Areas (APA 2013) licensing round. The move sets a record, both in the number of production licenses offered and the number of companies involved…

Shell exits Wheatstone project

Jan 20, 2014

Shell agreed to sell its stakes in the Chevron-led Wheatstone-Iago joint venture and the Wheatstone LNG project off Western Australia.  The company sold its 8% equity interest in the Wheatstone-Iago JV and its 6.4% interest in the Wheatstone…

Tension legs for Sea Lion

Jan 16, 2014

London-based Premier Oil, and partner Salisbury-based Rockhopper Exploration Plc, selected a tension leg platform (TLP) with an integral drilling rig, to develop the Sea Lion project north of the Falkland Islands.  The company said that…

ENI opens new office in Mexico

Jan 15, 2014

Italy's ENI SpA inaugurated its new office in Mexico City with a ribbon-cutting ceremony, less than a month after Mexico voted to amend its Constitution to open the oil & gas market to foreign companies. The President of Mexico, Enrique Peña Nieto…

Shell invests in Anasuria

Jan 15, 2014

Oil major Shell is planning to breath new life into its oldest North Sea floating production unit after acquiring new 4D seismic data last year.  According to a partner on one of the fields produced by the Anasuria floating production…

Cidade de Ilhabela marches on

Jan 14, 2014

Following its 10,625nm (19,678km) voyage from China, the FPSO Cidade de Ilhabela arrived at Brazil's Brasa yard on Jan. 12 ready for the next step in its journey: bare hull and topside integration. Conversion work was completed in China in October 2013…

HRT plucks Polvo from BP

Jan 09, 2014

Brazilian independent HRT Participacoes em Petroleo SA acquired a 60% working interest and the operatorship stake in the Polvo field from BP Energy do Brasil Ltda, following the Jan. 8 close on a deal worth US$101 million.In the transaction…

Hammerfest leak investigated

Jan 08, 2014

Norway's Petroleum Safety Authority is investigating a 'substantial' gas leak that saw production at Statoil’s Hammerfest LNG plant halted at the weekend. Statoil shut down the plant on Melkøya, northern Norway, on Sunday, January 5, because of a leak in the processing facility…

FPSO damages riser

Jan 08, 2014

A floating production (FPSO) vessel moored over the Bualuang oil field in the Gulf of Thailand damaged a production riser after drifting off station in bad weather. The Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure…

New Zealand heats up

Jan 07, 2014

New Zealand’s offshore exploration prospects have risen after a renewed interest in the region. Today, Shell New Zealand, and its partners OMV New Zealand and Mitsui E&P Australia, announced plans to drill an exploration well in Production Exploration Permit (PEP) 50119…

New COSL jackup delivered

Jan 06, 2014

The COSLGift, an independent leg cantilever jackup rig, has been delivered, and is enroute to Southeast Asia, China Oilfield Services Ltd. (COSL) announced. COSL acquired the COSLGift and its sister rig COSLHunter (pictured) in August 2013…

BG spuds Kenyan well

Jan 06, 2014

BG spudded its Sunbird-1 exploration well offshore Kenya, joint venture partner Pancontinental Oil and Gas announced. The well is in license area L10A, ub 721m water depth. The Deepsea Metro 1drillship is expected to take 50-60 days to drill 3000m below sea level…

Deepwater under threat?

Jan 06, 2014

US shale oil production will not be a threat to deepwater oil and gas development, an analyst has said today. Steven Kopits, working with Douglas-Westwood in New York, says many investment banks and government agencies have forecast that…

Kosmos lassos Maersk Discoverer

Jan 02, 2014

Kosmos Energy Ltd. signed a one well rig share agreement with BP plc and Maersk Drilling for use of the rig Maersk Discoverer. The rig is expected to commence drilling operations on the FA-1 (formally Eagle-1) exploration well in the Foum Assaka offshore block in Morocco in 1H 2014…

Current News

China Issues More Crude Oil Import Quotas

China Issues More Crude Oil Import Quotas

Fugro Enters the South Korean Offshore Wind

Fugro Enters the South Korean Offshore Wind

Asian Producers to Boost Winter Gas Supply

Asian Producers to Boost Winter Gas Supply

Tankers Unable to Offload in Malaysian Port

Tankers Unable to Offload in Malaysian Port

India's Oil Imports at 3-year Low

India's Oil Imports at 3-year Low

Shell Exits Two Kazakh Offshore Projects

Shell Exits Two Kazakh Offshore Projects

Temasek Bids $3 Bln for Control of Keppel

Temasek Bids $3 Bln for Control of Keppel

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