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OE Daily: 2014 / July

 

BPZ Energy spuds Corvina well off Peru

Jul 31, 2014

BPZ Energy spud the CX15-7D development well in the Corvina field in Block Z-1, offshore Peru, on 29 July 2014, the company announced today. BPZ Energy plans to drill to 8500ft depth and expects operations to complete in October. BPZ…

CNOOC begins Panyu 10-2/5/8 production

Jul 31, 2014

CNOOC Ltd. commenced production at its Panyu 10-2/5/8 project in the Pearl River Mouth Basin in the South China Sea, the company announced on 31 July 2014. This project includes three oilfields – the Panyu 10-2, Panyu 10-5 and Panyu 10-8 – with an average water depth of 100m…

Porcupine shows further promise

Jul 31, 2014

Canada’s Antrim Energy Inc. announced that recent evaluations have shown frontier exploration license (FEL) 1/13 in the Porcupine basin off Ireland’s west coast to contain what could be massive resources: an estimated unrisked prospective resource potential of 1…

Afren suspends top executives

Jul 31, 2014

London-based, Africa-focused explorer Afren has suspended CEO Osman Shahenshah as well as Chief Operating Officer Shahid Ullah pending the results of an investigation into unauthorized payments, the company announced on 31 July 2014. Afren…

Eco Atlantic acquires block offshore Ghana

Jul 30, 2014

Eco Atlantic Oil & Gas Ltd.received approval from the Parliament of the Republic of Ghana to acquire a 50.51% interest in the Cape Three Points West block, located in the Tano Cape Three Points basin, offshore Ghana. The agreement is for 25 years…

BOEM extends comment period

Jul 30, 2014

The US Bureau of Ocean Energy Management (BOEM) will extend its public comment period for its new five-year Outer Continental Shelf (OCS) oil and gas leasing plan for 2017-2022, the agency announced on 30 July 2014. BOEM says the decision…

Apache finds gas off Western Australia

Jul 29, 2014

Houston-based Apache Energy found gas and associated liquid hydrocarbons in the Phoenix South-1 well off Western Australia, in the Roebuck basin, before a drill bit failure on 29 July. Over the past two weeks, Apache drilled to a depth…

Dolphin takes delivery of 7-Oceans seismic vessel

Jul 29, 2014

Norway's Dolphin Geophysical has taken delivery of 7-Oceans, the first of three new-build seismic guard vessels. The naming ceremony of the 7-Oceans took place in Maaskant Shipyard, Stellendam, South Holland, on 25 July 2014. The 370tonne ship is 35m x 9m and is flagged in Panama…

Galp bites dust off Morocco

Jul 28, 2014

Portugal-based Galp Energia’s recent drilling campaign at the Tao-1 exploration well in the Tarfaya block off Morocco was unsuccessful, partner Tangiers Petroleum announced 28 July 2014. Australian-based Tangiers Petroleum, which holds 25% interest in the Tarfaya block…

Statoil’s Valemon topsides installed

Jul 28, 2014

Topsides were lifted into place on the 9150-tonne steel jacket on the Valemon field in the Norwegian North Sea on 28 July, operator Statoil announced. Statoil's Valemon. Photo from Statoil's Andre Osmundsen…

Cairn resumes drilling in Senegal

Jul 28, 2014

FAR Ltd. reported that the Cairn-operated FAN-1 exploration well resumed drilling on the North Fan prospect in 1500m water depth, offshore Senegal on 28 July. Drilling to date has reached 3000m with a planned TD of approximately 5300m using Transocean’s fifth-generation semisubmersible…

Tidal energy projects inch forward

Jul 25, 2014

Former SSE utility boss Ian Marchant has joined tidal energy firm Nova Innovation as its chairman.  Marchant was chief executive of SSE, a large UK-based utility company, for 10 years, before standing down in 2013.  Earlier this year…

API: Americans favor domestic production

Jul 24, 2014

A July 2014 poll revealed that if the US produced more oil and natural gas, it would greatly benefit job creation, increase government revenue and strengthen national security. API and Harris Interactive Poll According to a recent…

Repsol, partners win license off Colombia

Jul 23, 2014

Colombia's National Hydrocarbons Agency (ANH) received bids from four companies for just five of 19 offshore areas offered in its 2014 licensing round. Spains's Repsol, as operator, was awarded the COL4 license, in the Caribbean Sea, with partners Statoil and ExxonMobil Exploration Colombia…

Intecsea wins Culzean subsea FEED

Jul 22, 2014

INTECSEA UK has been awarded a subsea front-end engineering and design (FEED) contract for Maersk Oil UK's US$4.7 billion Culzean ultra-high-pressure, high-temperature development in the North Sea.  The contract, which includes optional…

Production resumes at Njord

Jul 22, 2014

Statoil has resumed oil and gas production on the Njord A floating steel platform in the Norwegian Sea after a major reinforcement of the platform structure.  Njord A, which produces the Njord and Hyme fields, had been shut down since…

Sembcorp secures Kaombo FPSO conversion work

Jul 21, 2014

Italian contractor Saipem awarded Singapore-based Sembcorp Marine a US$484 million contract to convert two FPSOs for Total’s Kaombo project offshore Angola. Sembcorp subsidiary Sembawang Shipyard will convert two very large crude carriers…

Gabon, DRC reject Angola’s redraw of maritime border

Jul 21, 2014

Both Gabon and the Democratic Republic of Congo (DRC) in Kinshasa are rejecting Angola's proposed changes to the maritime borders, in which Angola seeks to increase its continental shelf length by more than 200mi. Gabon and the DRC have…

McDermott awarded Megalodon installation

Jul 21, 2014

Houston-based McDermott International won a contract to provide transportation and installation services to Walter Oil & Gas Corp. for the Megalodon platform in South Timbalier Block 311 in the Gulf of Mexico. McDermott will provide all…

Majors sign up for FMC subsea JIP

Jul 21, 2014

FMC Technologies established a joint industry program focused on developing a new generation of standardized subsea production equipment and systems, the company has announced. The JIP, which includes Anadarko Petroleum, BP, ConocoPhillips…

Tullow farms into Cooper block

Jul 18, 2014

London-based independent Tullow Oil agreed to acquire up to 40% interest in the Cooper block, block 2012A, in the Walvis basin offshore Namibia, Eco (Atlantic) Oil & Gas announced on 17 July 2014. The terms of the farm-in includes Eco…

North Sea "wait and see" slows activity

Jul 18, 2014

High costs and regulatory and fiscal uncertainties could have caused a drop in exploration and deal activity on the UK Continental Shelf (UKCS), according to business advisory firm Deloitte.  The firm’s Petroleum Services Group…

Benin exploration drilling planned

Jul 17, 2014

Dallas-based Hunt Oil is planning to drill at least one offshore Benin, Africa. Well services firm AGR has been awarded a contract to provide the well project management services for the drilling, with one firm well and an option for a second…

BOEM offers US-Mex boundary blocks in Sale 238

Jul 17, 2014

Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank today announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include…

ConocoPhillips hits gas at Pharos-1

Jul 17, 2014

ConocoPhillips encountered a hydrocarbon pay in the Browse basin, off Western Australia, according to partner Karoon Gas. Karoon said the Pharos-1 well, in permit WA-398-P, showed a 53m gross interval, with a 34m net pay interpreted in the gas charged Montara formation sandstone reservoir…

Wison-WorleyParsons eye Asian FLNG

Jul 17, 2014

Australia-head quartered WorleyParsons has agreed a memorandum of understanding (MOU) with Wison Offshore & Marine to jointly work on ship-shaped floating LNG (FLNG), FPSO and other similar offshore oil and gas projects, targeting Australasia…

Australian Parliament repeals maritime crew visas

Jul 17, 2014

On 17 July, senators in the Australian Parliament voted to disallow the Federal Government from continuing to issue Maritime Crew (subclass 988) visas to foreign workers for the purposes of working in Australia’s offshore oil and gas industry…

Kværner increases order book

Jul 16, 2014

Norway-based Kvaerner's Q2 earnings fell but the firm saw an increase in order intake and growth on existing projects, according to its latest results.  During the second quarter, Kvaerner completed three large offshore platform…

Russian PM names LNG exporters

Jul 16, 2014

The Russian Government has granted exclusive rights to four companies to export liquefied natural gas (LNG), Russian Prime Minister Dimtry Medvedev signed a resolution on 14 July granting LNG export privileges to OJSC Gazprom, its subsidiary Gazprom Export…

South China Sea oil find

Jul 16, 2014

China National Petroleum Corporation (CNPC) found hydrocarbons on the Zhongjannan exploration project, off the Paracel or Xisha Islands, in the South China, the firm announced.  Drilling, using the 2011-delivered, deepwater, HYSY-981…

Fourth energy minister in two years

Jul 16, 2014

Matthew Hancock has been named as Britain's fourth new energy minister in less than two years as part of a major reshuffle in the UK's coalition government cabinet. It is Prime Minister David Cameron's biggest government shake-up since coming to power in 2010…

Shell hits Norphlet pay

Jul 15, 2014

Shell confirmed a third discovery at the Norphlet play in the deepwater Gulf of Mexico, the supermajor announced on 15 July 2015. The explorer hit more than 400ft (122m) of net oil pay at its Rydberg well, located 75mi (120km) off the Gulf Coast in Mississippi Canyon Block 525…

Dragon signs Egypt contract

Jul 15, 2014

Dragon Oil secured its first operatorship outside Turkmenistan and expects production to reach up to 90,000bo/d by the end of the year.  Dr Abdul Jaleel Al Khalifa, Dragon Oil's CEO, said: 'We are pleased to report that the contract has been signed for Block 19 East Zeit Bay…

Ophir and WHL begin Seychelles seismic program

Jul 15, 2014

Dolphin Geophysical AS is using the M/V Polar Duchess to acquire a 1500km seismic survey for Ophir Energy and WHL Energy. The ship left the Seychelles port of Victoria on 5 July. The survey will cover the Junon Block, in the Seychelles Exclusive Economic Zone…

Karoon Gas contracts Olinda Star

Jul 14, 2014

Karoon Gas Australia Ltd. reached an agreement with QGOG Constellation S.A. to contract the semisubmersible drilling rig Olinda Star. The contract includes the drilling of up to four wells offshore Brazil, in Karoon’s S-M-1037, 1101, 1102…

Woodside farms-in to Lake Tanganyika South Block

Jul 14, 2014

West Australian independent Woodside Petroleum Ltd. has farmed-in to the 7200sq km Lake Tanganyika South Block, Tanzania. Beach Petroleum (Tanzania) Ltd., a wholly owned subsidiary of South Australia's Beach Energy Ltd., will transfer…

North Sea tax review welcomed

Jul 14, 2014

Industry body Oil & Gas UK has welcomed HM Treasury’s plans to launch a formal consultation into the future of the UK offshore oil and gas tax regime. The trade body says it believes the sector faces an uncertain future and that the tax review is therefore now urgently needed…

Seismic market uncertain says PGS

Jul 14, 2014

Petroleum Geo-Services (PGS) has warned that its Q2 results will be weaker than current market expectations due to less predictable seismic purchases.  PGS said: 'Customers' intentions with regard to seismic purchases, particularly MultiClient…

EnQuest takes over Tunisia asset

Jul 14, 2014

UK-based independent explorer EnQuest has taken over a 70% stake in the Didon concession offshore Tunisia from Sweden's PA Resources for US$23 million. A deal to take over a stake in the Zarat permit, agreed at the same time as the deal on Didon…

BHI international rig count for June 2014

Jul 11, 2014

Baker Hughes issued the June 2014 international rotary drilling rig count this week, showing a total of 1344 rigs operating outside the US & Canada in June. International activity was down 6 rigs from the 1350 rigs drilling in May 2014…

First oil from Dua, Vietnam

Jul 11, 2014

Oil production began today at the Dua oil project, operated by Premier Oil offshore Vietnam, 40 years after the field was discovered. The Dua field discovery well, Dua-1X, was drilled in 1974 and flowed 1500 bo/d. Premier Oil acquired…

Bue adds bonus to Pil area

Jul 11, 2014

VNG Norge has discovered oil on the Bue well, in production license (PL) 586, offshore Norway, and increased its resource estimate for the nearby Pil discovery, in the same license.  The combined resource of both finds has been estimated at 80-200MMboe by partner Faroe petroleum…

AMEC confirmed for Sea Lion TLP

Jul 11, 2014

Engineering and project management group AMEC has been awarded the front end engineering and design contract for a tension leg platform for Premier Oil's Falklands Sea Lion development.  AMEC will be responsible for the design of the 30…

Myanmar offshore activity increasing

Jul 10, 2014

Activity offshore Myanmar is starting to increase, with a recent drilling contract announced and CGG opening a subsurface imaging centre in the southeast Asian country, formerly known as Burma.  Today, UMW Oil & Gas Corporation subsidiary…

Spending slowdown hits geoscience

Jul 10, 2014

Weakening spending by E&P majors, particularly on seismic is being felt in the geoscience sector, with Dutch geoscience and geotechnical services firm Fugro revealing a potential Eur300-350 million non-cash impairment in its geoscience division today…

Maersk Oil backs out of Brazil

Jul 09, 2014

AP Moller-Maersk subsidiary Maersk Olie og Gas (Maersk Oil) will take a US$1.7 billion impairment on its Brazilian assets, it announced 9 July. The Danish company specifically cited disappointing appraisals as one of the reasons it has “revised…

Inpex adds to Lucius stake

Jul 09, 2014

Inpex subsidiary Teikoku Oil (North America) has acquired an additional stake in the deepwater Lucius field, located in the US Gulf of Mexico, the company announced on 9 July 2014. The Japanese explorer entered the Lucius partnership in 2012 after acquiring 7…

Spanish Point set back

Jul 09, 2014

The Spanish Point appraisal well in Frontier Exploration Licenses 2/04, 4/08 and 1/14 in offshore Ireland's northern Porcupine Basin will not now be drilled in 2014, according to Dublin-based Providence Resources. However, a 3D seismic survey in the area is due to go ahead this summer…

Successful appraisal extends Jade field

Jul 08, 2014

First production from an appraisal well has extended the southern limits of the high-pressure/high-temperature (HPHT) Jade gas condensate field in the UK Central North Sea, Houston-headquartered ConocoPhillips announced today. The Maersk…

Typhoon Neoguri reaches southern Japan

Jul 07, 2014

Typhoon Neoguri originated near Guam early Friday, 4 July, and has developed into the first superstorm of the season along the Pacific rim. It is now battering Japan's small southern islands (the Ryukyu Islands, known in Japan as the Nansei Islands)…

Inpex launches Ichthys FPSO hull

Jul 07, 2014

About two-and-a-half years after construction began, Japan’s Inpex Corp. launched the hull of its Ichthys FPSO from the dry dock of the Daewoo Shipbuilding and Marine Engineering yard in Okpo, South Korea, the Japanese operator announced today…

Rosneft files lawsuit against Sakhalin consortium

Jul 07, 2014

Russia’s OAO Rosneft has filed a suit against the Gazprom-led Sakhalin Energy consortium to obtain access to the Sakhalin-2 gas pipeline, RIA Novosti reported 7 July. Rosneft is developing a 5mtpa LNG terminal with ExxonMobil in the Far East that was scheduled to launch 2018…

Third Tubarao Martelo well in production

Jul 07, 2014

Brazilian independent OGPar (Óleo e Gás Participações SA), formerly known as OGX, started production on the third well in the Tubarão Martelo field, 58mi off Rio de Janiero, the company announced on 3 July 2014. The well, TBMT-2HP, is located in the field…

Subsea solution for Butch?

Jul 07, 2014

Concept select to develop the Butch discovery in the Norwegian sector of the North Sea is due to be made by Centrica in early 2015, according to partner Faroe Petroleum.  The move follows an unsuccessful well on the Butch South West exploration well 8/10-6S…

Xcite inks Aibel MOU

Jul 04, 2014

Xcite Energy has agreed a memorandum of understanding with Norway's Aibel, setting out the principles for executing the engineering, procurement and construction self installing platform for its UK North Sea Bentley heavy oil field. The platform…

Ayatsil-B platform complete

Jul 03, 2014

McDermott International has completed Ayatsil-B, one of Pemex’s four drilling platforms for use in the Mexican national’s Ayatsil-Tekel heavy oil field. The Houston-based company provided engineering, procurement, fabrication, pre-commissioning…

New West of Shetland hub emerging

Jul 03, 2014

A cost reduction program has meant Total has now decided to move forward with its West of Shetland Edradour subsea development, the French oil major said today.  Edradour, in Block 206/4a, in about 300m water depth, 75km northwest of the Shetlands…

Pemex to invest billions in Cantarell

Jul 02, 2014

Mexican national Pemex will pump an additional US$6 billion into its beleaguered Cantarell oilfield to maintain its current production levels, Reuters has reported. The heavy oilfield, located about 80km off Ciudad del Carmen in the Bay of Campeche…

Gas Discovery at Toro

Jul 02, 2014

Woodside announced that the Toro-1 exploration well in permit WA-430-P has intersected approximately 150m gross gas and 65m net gas within the Mungaroo Formation target. The Toro-1 well was drilled to a total depth of 3724m, referenced from the rig rotary table…

South Stream granted go-ahead

Jul 02, 2014

The Ministry of Construction, Housing and Utilities of the Russian Federation has granted a construction permit to Amsterdam’s South Stream Transport for the South Stream gas pipeline. The pipeline will originate in Russia, pass under the Black Sea…

West Seahorse gets MPF backing

Jul 02, 2014

Carnarvon Hibiscus' West Seahorse project in the Gippsland basin, offshore southeastern Australia, has been granted access to Federal Government Major Project Facilitation (MPF) services.  Deputy Prime Minister and Minister for Infrastructure…

N'Goma FPSO docks in Angola

Jul 01, 2014

The N'Goma FPSO has berthed at Porto Amboim Estaleiros Navais yard (Paenal yard) at Port Amboim  in Angola, following a 7331mi voyage (13,577km) from Singapore. Once the FPSO, a conversion project, is complete, it will be relocated to…

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