OE Daily: 2014 / June

 

Stone Energy sells non-core GOM assets

Jun 30, 2014

Laffayete, Louisiana-based Stone Energy agreed to sell its non-core Gulf of Mexico conventional shelf properties to Talos Energy Offshore for US$200 million in cash and $117 million in future undiscounted liabilities, the company announced on 30 June 2014…

Drilling begins at Dolginskoye

Jun 30, 2014

Gazprom Neft subsidiary Gazpromneft-Sakhalin has started drilling an exploratory well in its Dolginskoye field, located 75km off Russia in the Pechora Sea, the operator announced today. It is the fourth well drilled at the site, after two drilled in North Dolginskoye and one in South Dolginskoye…

Johan Castberg delayed until 2015

Jun 30, 2014

Statoil announced further delay in developing the Johan Castberg project, postponing final concept selection on the Barents Sea project until 2015.  “Unfortunately, the exploration campaign has proven less new oil resources in the Castberg area than expected…

Leviathan group signs Egyptian export deal

Jun 30, 2014

The Leviathan field consortium has signed a preliminary deal with BG Group to export up to 3.75Tcf of natural gas over a 15-year period to the UK major’s LNG plant in Idku, Egpyt, operator Noble Energy announced. Under the terms of the non-binding letter of intent (LOI)…

MOL Group adds to North Sea assets

Jun 30, 2014

Premier Oil has sold interest in six Central North Sea offshore licenses to Hungary’s MOL Group for US$130 million, the duo announced on 30 June 2014. The sale includes non-operated equity stakes in the Nexen-operated Scott (21.84%), Rochelle (15%) and Telford (1…

UK suppliers nab Mariner contracts

Jun 28, 2014

Statoil (UK) has awarded two five-year contracts to two UK firms for the Mariner ultra-heavy oil field, in the East Shetland Platform in part-block 9/11a in the UK North Sea. Aker Solutions' Aberdeen operations will perform maintenance and modification services for the US$7 billion project…

Berkut platform begins operations

Jun 27, 2014

Three days after the Berkut platform was installed on the Arkutun-Dagi field, Russian Federation President Vladimir Putin gave permission for the platform to begin operations via videoconference. The Arkutun-Dagi field is part of the multi-billion-dollar Sakhalin-1 project…

Statoil spends big in R&D

Jun 27, 2014

Statoil opened a new improved oil recovery (IOR) center in Trondheim the same day it announced an R&D-focused strategic agreement between subsidiary Statoil Technology Invest (STI) and Scottish Enterprise. The new IOR center will be the largest center of its kind in the country…

Faroe well off target

Jun 27, 2014

Statoil’s Brugdan II well offshore the Faroe Islands is being plugged and abandoned after finding no hydrocarbons.  The well, which was a re-entry of the 6104/21-2 well, was drilled to 4542m, 130km offshore the Faroe Islands.  Drilling…

Eni enters PSC with PetroVietnam

Jun 26, 2014

Eni has entered into a production sharing contract (PSC) with state-owned PetroVietnam for the exploration of Block 122, off eastern Vietnam. The Italian firm’s CEO, Claudio Descalzi, met with PetroVietnam President and CEO, Do Van Hau, in…

Kvaerner inks Johan Sverdrup deal

Jun 26, 2014

Statoil has entered a frame agreement with Kvaerner for the delivery of jackets for the North Sea in the period up to 2020. The companies have also agreed a letter of intent for a first project under the frame agreement - two steel jackets for the giant…

Ichthys hits halfway mark

Jun 25, 2014

Inpex’s Australian Ichthys LNG project has reached 50% completion less than two-and-a-half years after its final investment decision was made, the Japanese operator announced on 25 June 2014. The company said that the semisubmersible pipelay…

Mubadala spuds Rojana-A

Jun 25, 2014

Mubadala Petroleum began drilling operations on the Rojana-A exploration well in block G11/48 in the Gulf of Thailand, partner KrisEnergy Ltd. announced on 23 June 2014. The company is drilling the Rojana-A well using Atwood Oceanics' Atwood Orca jackup rig…

Irish oil implications 'immense'

Jun 25, 2014

One successful oil discovery in Ireland’s offshore Porcupine basin could supply all of Ireland’s oil demand, if not more, according to exploration minnow Petrel Resources.  The Dublin-based firm is hoping to take part in drilling in the…

Bowleven bags partners for Etinde

Jun 24, 2014

UK-based, Africa-focused explorer Bowleven has agreed to sell a 50% stake in the Etinde Permit, offshore Cameroon, to LUKOIL and NewAge, for about US$250 million, under a conditional agreement.  LUKOIL is to acquire a 37.5% interest in the Etinde Permit…

Lukoil kicks off Caspian drilling

Jun 23, 2014

Russian national Rosneft and private oil giant Lukoil have started drilling appraisal well №. 1 at the Caspian Oil Co.-operated Ribachya structure in the North Caspian project license. Total prospective resources of the block are estimated at 1…

SNC-Lavalin to buy Kentz

Jun 23, 2014

Canada’s SNC-Lavalin has agreed to buy Jersey-based oil and gas services company Kentz Corporation in a deal valuing the Kentz at £1.2 billion (C$2.1 billion).  SNC-Lavalin said the move was part of its strategy to become a global Tier-1 engineering and construction company…

Irish Atlantic Round launched

Jun 20, 2014

Ireland’s Government has launched the 2015 Atlantic Margin Oil and Gas Exploration Licensing Round and a new offshore oil and gas production taxation regime, including an increase in the top tax rate.  The new round, which will close September 2015…

Dry wells offshore Norway

Jun 20, 2014

Two dry exploration well results have been announced offshore Norway.  The Norwegian Petroleum Directorate said the Statoil Petroleum operated wildcat well 7324/2-1, 'Apollo,' which was the first well in production licence (PL)615…

Statoil, COSL reach agreement

Jun 18, 2014

Statoil will pay COSL Offshore Management (COM) a one-time settlement of US$65 million under an agreement reached today that ends disputes related to the stand-by fees of two semisubmersible platforms. The stand-by fees stemmed from the installation of third-party equipment…

Rig arrives for Arctic drilling

Jun 18, 2014

GSP Saturn has arrived for exploration drilling at the Gazpromneft Sakhalin-operated Dolginskoye field, located in the Arctic shelf of the Pechora Sea. The Gazprom Neft subsidiary announced 21 January its plans to drill an exploration well and take core samples at the field…

Italy's Fincantieri launches IPO

Jun 18, 2014

Italian shipbuilder Fincantieri is making an initial public offering to raise funds for projects and acquisitions. The company is wholly owned by Italian state lender Cassa Depositi e Prestiti (CDP). It will offer up to 38.2%, and new shares will be priced between €0…

Shell cuts stake in Woodside

Jun 17, 2014

Royal Dutch Shell is selling a major portion of its stake in Australia's Woodside Petroleum Ltd., raising AU$5.7billion. Shell is selling 9.5% back to Woodside, and another 9.5% to institutional investors, at a small discount to the closing share price on 16 June 2014…

Noble Energy acquires Atwater Valley acreage

Jun 17, 2014

Noble Energy, Inc. announced on 16 June that it has reached an agreement with BP Exploration & Production Inc. to acquire interest in 17 deepwater exploration leases located in the Atwater Valley region of the Gulf of Mexico (GOM).  According to the terms of agreement…

First oil off East Africa touted

Jun 17, 2014

BG Group has made the first oil discovery off East Africa, according to a partner on the Sunbird-1 exploration well.  Pancontinental Oil and Gas said a 14m gross oil column was found beneath a 2936m gross gas column in a reefal limestone…

CAMAC spuds Nigerian well

Jun 16, 2014

The Oyo-8 development well, located offshore Nigeria in OML 120, was spudded on 15 June 2014, operator CAMAC Energy Inc. announced. The Oyo-8 well, which CAMAC Energy owns and operates with 100% interest, lies within the Oyo field, which…

Valemon topside en route to Norway

Jun 16, 2014

The topside destined for the Valemon field offshore Norway was loaded onto the heavy transport vessel Dockwise Triumph at Samsung Heavy Industries in South Korea, on 1 June 2014. The 216.75m-long vessel left the Geoje yard on the morning of 15 June…

BOEM seeks comments on new OCS leasing program

Jun 13, 2014

The US Department of the Interior has opened its new five-year Outer Continental Shelf (OCS) offshore oil and gas leasing plan to public comment, the agency announced on 13 June 2014. DOI said the publication in the federal register of…

Seven die in Mexican crane accident

Jun 13, 2014

Seven employees of Mexico’s largest construction company, ICA Fluor, died while working on Pemex’s Ayatsil-C platform during an accident that occurred 11 June, ICA Fluor announced 12 June. Another employee  sustained serious injuries. The…

AWE begins drilling Oi-2

Jun 13, 2014

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…

Kashagan production remains frozen

Jun 13, 2014

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…

CLOV in production

Jun 12, 2014

Total’s CLOV deepwater oil development offshore Angola in Block 17, began production on schedule, the French company announced on 12 June. The development is expected to reach daily production capacity of 160,000bbl in the coming months…

Eni, KMG will explore Isatay in Caspian

Jun 12, 2014

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…

SBM axes tenders with Petrobras

Jun 12, 2014

Dutch floating platform leaser SBM Offshore NV will not participate in the upcoming Petrobras Tartaruga Verde and Libra tenders, the company announced 12 June, adding that the decision resulted from conversations held between the two giants on 28 May…

Energean named operator offshore Israel

Jun 12, 2014

Cyprus-based Energean E&P Holdings Ltd. has farmed-in and taken over as operator of the Sara and Myra license blocks about 25 mi. off the coast of Israel. [shaded blue in map at right] Six of the seven partners agreed to the farm-in, including Modiin Energy Limited Partnership…

Equipment failure reported on Deepwater Nautilus

Jun 11, 2014

The Bureau of Safety and Environmental Enforcement (BSEE) responded to an equipment failure onboard Transocean's Deepwater Nautilus semisubmersible drilling rig in the US Gulf of Mexico, the agency reported on 10 June 2014. Operator Shell Offshore Inc…

Martin Linge taking shape

Jun 10, 2014

Total's Martin Linge development in the Norwegian sector of the North Sea took two steps forward this week, with the sailout of a 16,000-tonne jacket (pictured right) and the arrival of the Maersk Intrepid in Norway.  The Maersk…

Eni ups African presence

Jun 10, 2014

Eni has gained operatorship and a 40% interest in exploration right permit 236 (ER236) off the eastern coast of South Africa from Sasol, the Italian company announced today. Under the terms of the agreement, Eni has acquired 82,000sq…

Oilfield Helping Hands, OilOnline 'Profile Share' extends to June

Jun 09, 2014

It isn’t too late to help oilfield families in financial need due to an unexpected life crisis, which can happen to any of us.  This is an opportunity for those in the oil & gas industry to help their own. OilOnline, an integrated oil & gas career…

Kashagan woes lead to shake-up

Jun 09, 2014

The North Caspian Operating Co. BV (NCOC) appointed ExxonMobil secondee Stephane de Mahieu as managing director effective 1 May. De Mahieu succeeds Pierre Offant, who was appointed managing director of NCOC in 2008, after the Republic…

Brynhild production set back

Jun 09, 2014

First production from Lundin’s Brynhild subsea tieback development has been set back to due commissioning issues on the Haewene Brim FPSO.  Brynhild, which sits in the Norwegian sector of the North Sea, will be a four-well subsea tieback to Bluewater’s Haewene Brim…

BHI international rig count for May 2014

Jun 06, 2014

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…

Ithaca grants Athena FPSO extension

Jun 06, 2014

Ithaca Energy opted to extend its contract with BW Offshore's BW Athena FPSO, the Olso, Norway-based vessel owner announced on 6 June 2014. The original contract, signed in 2010, covered a service period from 2012-2015. Ithaca Energy…

García named Pemex E&P head

Jun 05, 2014

Mexican President Enrique Peña Nieto officially named Gustavo Hernández García (pictured) director general of Pemex Exploration and Production (PEP) effective 1 June, the Mexican national announced 4 June. García has served as the interim director general since February…

Australia awards 9 offshore exploration permits

Jun 05, 2014

Industry Minister Ian Macfarlane announced the award of nine new permits located in Commonwealth waters offshore Western Australia, Victoria, and the Territory of Ashmore and Cartier Islands as part of round one of the Australian government’s 2013 Offshore Petroleum Exploration Acreage Release…

Repsol restarts Namibia drilling

Jun 05, 2014

Repsol restarted drilling on the deepwater Welwitschia-1A well in Walvis Bay, offshore Namibia, on 4 June, according to partner Tower Resources.  Repsol is operator of Namibia PEL0010, containing Welwitschia. Drilling on the first Welwitschia well…

Vessel availability slows projects

Jun 05, 2014

Limited vessel and rig availability have meant delays on two Alpha Petroleum Resources' UK projects, the Blythe development and appraisal on the Skipper field.  The firm is planning to submit a field development plan for the southern North Sea Blythe gas field project Q4…

Statoil ends Ocean Vanguard contract

Jun 04, 2014

Statoil terminated its contract with Diamond Offshore Drilling's mid-water semisubmersible the Ocean Vanguard eight months ahead of schedule, the Houston-based shipowner announced on 4 June 2014. Statoil's Communication Manager Ørjan…

Pemex retreats from Repsol

Jun 04, 2014

Petróleos Mexicanos' (Pemex) Board of Directors unanimously voted to sell its 7.86% stake of Spanish oil company Repsol, the state-owned firm announced 4 June. Pemex expects to net US$900 million as a result of its decision, selling the shares for $27…

BG strikes Tanzanian gas

Jun 04, 2014

Ophir Energy announced that partner and operator BG Group made a new gas discovery in Block 1, located in the Mafia Deep basin off Tanzania. The Taachui-1 well’s net pay amounted to 155m, with estimates for the mean recoverable resource placed at 1Tcf…

2015 Falklands drilling inked

Jun 04, 2014

Oil and gas exploration efforts around the Falkland Islands are set to ramp up next year after rig contracts were agreed. Ocean Rig's deepwater, harsh environment semisubmersible drilling rig Eirik Raude (pictured) has been signed up…

Oil tanker explodes off western Japan

Jun 03, 2014

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 prepares for mild Atlantic hurricane season

Jun 02, 2014

With June 1 marking the beginning of the 2014 Atlantic hurricane season, preparation efforts in the US Gulf of Mexico are a necessity for operators such as BP. BP, which operates four developments (Atlantis, Thunder Horse, Mad Dog, and Na Kika) located approximately 140-190mi…

Wison offers Pandora FLNG concepts

Jun 02, 2014

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…

Statoil plans VSP at deepwater Miocene well

Jun 02, 2014

Drilling continues at Statoil's Martin prospect in Mississippi Canyon Block 718 with the Maersk Developer semisubmersible, in 850m (2789ft) water depth. Statoil plans to run a zero-offset vertical seismic profile (VSP) survey on or before 15 August 2014…

Fire strikes Petrobras platform

Jun 02, 2014

Petrobras reported a fire on 31 May aboard semisubmersible platform Namorado 1 (PNA-1), located in the Campos basin at Namorado field, which is operated by the Brazilian national. Sindipetro, the area oil union, said that thefire broke out near the platform’s water tank just after 5 p…

Marathon keeps UK North Sea assets

Jun 02, 2014

Marathon Oil has announced it is no longer marketing its UK business after agreeing a deal to sell off its Norwegian unit.  Marathon Oil Norge is to be sold to Norway’s Det norske oljeselskap in a US$2.1 billion cash deal. The sale…

Petrobras confirms Santos find

May 22, 2014

Petrobras announced today that it has confirmed the Sagitario well discovery (formally 1-SPS-98 / 1-BRSA-1063 -SPS) initially announced 25 February 2013 while in the drilling phase. Located in the ultra-deepwater presalt area of the Santos basin…

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