Popular News, June 19-25, 2017
25 June 2017, 2:51pm

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U.S. weekly offshore rig count unchanged
25 June 2017, 2:41pm
The number of offshore rigs operating in the U.S. this week is unchanged compared to the previous weekly rig count, Baker Hughes said in its Friday report. BHI Rig Count: U.S. +8 to 941 rigs U.S. Rig Count is up 8 rigs from last week to 941, with oil rigs up 11 to 758, gas rigs […]
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US Drillers Add Oil Rigs For Record 23rd Week In A Row
23 June 2017, 5:18pm
U.S. energy firms added oil rigs for a record 23rd week in a row, extending a year-long drilling recovery as producers boost spending on expectations crude prices will rise in future months despite this week’s decline to a 10-month low. Drillers added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said in its closely followed report. That is more than double the same week a year ago when there were only 330 active oil rigs. Drillers have added rigs in 52 of the past 56 weeks since the start of June 2016.
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Gazprom Neft starts exploratory drilling on Ayashsky block
23 June 2017, 4:30pm
Gazprom Neft PJSC reported the start of exploratory drilling on the Ayashsky block in the Sea of Okhotsk by Japan Drilling Co. Ltd.’s Hakuryu-5 semisubmersible drilling rig.
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Eni, KMG sign Kazakhstan exploration agreements
23 June 2017, 4:10pm
Eni SPA and JSC KazMunayGas (KMG) have agreed to renew Eni’s 50% share of subsoil use rights for exploration and production on Isatay block in the Caspian Sea. The initial agreement was signed 3 years ago.
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Newly formed Tanami takes Tap Oil stake in Amulet field
23 June 2017, 3:25pm
Newly formed private Perth company Tanami Energy Pty. Ltd. has emerged as the buyer of fellow Perth company Tap Oil Ltd.’s 20% interest in the undeveloped Amulet oil discovery in Carnarvon basin licence WA-8-L offshore Western Australia.
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YPF Says Costs Falling In Loma Campana Shale Field
23 June 2017, 3:21pm
Breakeven prices in Argentina’s Loma Campana shale field are $43 per barrel and falling while development costs are $12.90 per barrel and expected to fall to $10 per barrel by the end of 2018, an executive at state-run oil firm YPF said.
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Machine Learning Goes Viral In Oil Patch
23 June 2017, 2:55pm
Ask an upstream operator which area in the oil and gas patch they expect to have reliability problems and the answer will commonly come back “compressors.” Compressors, used to increase the pressure of natural gas or air to improve flow, are the first on the list, said Ron Beck, industry marketing director for energy at Aspen Technology, an asset optimization software firm. But with no end to potential oilfield malfunctions, some oil and gas companies have turned to machine learning—a process in which software is used to search data, detect patterns and assess the likelihood of future failures. The software uses algorithms—a series of calculations and automated reasoning tasks—to help overcome potentially troublesome equipment. The digital shift is part of the oil and gas industry’s acceptance of more efficient and cost-effective technologies to assist in extracting and producing oil and gas in a range-bound commodity-price environment.
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Greece approves oil firms’ exploration applications
23 June 2017, 2:05pm
Greek energy ministry has approved applications of the consortium of Total, ExxonMobil, and Hellenic Petroleum, and separately, Energean to explore for oil and gas offshore. The Total-ExxonMobil-Hellenic Petroleum consortium has applied for the the areas south and west of Crete. Greek company, Energean Oil & Gas is looking to explore for oil and gas in the area offshore […]
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Fairfield submits decom plan for Dunlin subsea infrastructure
23 June 2017, 1:41pm
Fairfield Energy, a late-life asset and decommissioning operator, has submitted its draft decommissioning programs for the Dunlin, Merlin and Osprey field subsea installations and pipelines, in the UK sector of the North Sea, to the UK authorities.  This is a second company to submit a draft decommissioning plan to the UK’s Department for Business, Energy […]
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Greece Approves Oil Exploration Applications From Total-ExxonMobil, Energean
23 June 2017, 1:28pm
Greece approved applications submitted by a consortium of Total, ExxonMobil and Hellenic Petroleum for oil and gas exploration and drilling off the island of Crete, its energy ministry said on June 23. The ministry also approved an application submitted by Greece’s sole oil producer Energean Oil for offshore drilling in western Greece, the ministry said. Greece’s oil and gas resources management company will launch a tender for licenses to drill in the respective blocks by the end of next month, aiming to conclude the procedure by the end of the year.
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SBM Offshore Wins ExxonMobil’s Liza FPSO Unit Work
23 June 2017, 1:20pm
ExxonMobil has selected SBM Offshore to construct, install, lease and operate an FPSO unit for the next phase of the Liza project offshore Guyana, according to a news release. Designed to produce up to 120,000 barrels of oil per day (bbl/d),  the FPSO unit will have associated gas treatment capacity of about 170 million cubic feet per day and water injection capacity of about 200,000 bbl/d, SBM said in the release. The converted VLCC FPSO unit, capable of storing 1.6 MMbbl of crude oil, will be spread moored in a water depth of 1,525 m.
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Three Companies Merge To Create SolstadFarstad
23 June 2017, 1:13pm
Solstad Offshore, Farstad Shipping and Deep Sea Supply have merged to become SolstadFarstad, providing offshore service vessels, the newly formed company said in a June 22 news release. The Skudeneshavn, Norway-headquartered company, which also has activity in the renewable energy sector, has a fleet of about 150 vessels. Currently, two well vessels and a harvest vessel are under construction.
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Oil Prices Edge Up, Still Set For Biggest First-Half Fall Since 1990s
23 June 2017, 1:05pm
Oil edged up on June 23, recovering from a 10-month low U.S. prices hit earlier this week, but crude remained on course for its biggest first-half decline in almost two decades as production cuts have failed to sufficiently reduce oversupply. Brent crude futures were up 14 cents at $45.36 a barrel (bbl) at 6:38 a.m. CT (11:38 GMT). West Texas Intermediate (WTI) crude futures traded at $42.87/bbl, up 13 cents on their previous close. Oil prices have fallen about 20% this year despite an effort led by OPEC to cut production by 1.8 million bbl/d.
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France Plans To Stop Granting Oil Exploration Licenses
23 June 2017, 12:58pm
French energy minister Nicolas Hulot said on June 23 the government planned to present a draft law this autumn that would stop granting licenses for oil and gas exploitation in France and overseas territories. Hulot, an environmental campaigner before he became a minister in May, also said diesel and petrol taxes would converge in the not-too-distant future, as laid out in plans by the previous Socialist government.
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Seacor Marine in ‘stalking horse’ bid for Montco’s liftboats
23 June 2017, 12:06pm
U.S. offshore vessel owner Seacor Marine is set to launch a stalking horse bid to form a joint venture company with Montco Offshore, a liftboat specialist that has earlier filed for Chapter 11 bankruptcy protection. Here is a definition of a stalking horse bid, as shared by Investopedia: “A stalking-horse bid is an initial bid on […]
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Offshore regulator launches investigation into Gjoa gas leak
23 June 2017, 12:00pm
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has launched an investigation into a hydrocarbon leak on the Gjøa field, located in the North Sea off Norway, on June 21. Engie E&P, as the operator of the field, shut down the production from the field following the incident on Wednesday. The operator on Thursday revealed […]
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Analysts: Water Needs, Spend To Escalate
23 June 2017, 12:00pm
Horizontal drilling and upsized completions have fast-forwarded the oil and gas industry’s demand for water. At the same time, the lower for longer oil price recovery has placed ever more pressure on operators to cut costs, including for water, according to a new report, “Water for U.S. Hydraulic Fracturing,” from Bluefield Research. The report forecasts that at a flat rig count of 650, 20.8 billion barrels (bbl) of water will be required for hydraulic fracturing from 2017 through 2026. Last year, fracturing consumed more than 1.3 billion bbl of water and produced 574 million bbl of water for disposal. Investors and industry players are positioning to play a role in this growing water market.
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Shell picks up Aban jack-up for Brunei work
23 June 2017, 11:15am
India’s Aban Offshore has been awarded a five-year contract plus options for one if its jack-up rigs by Shell in Brunei.  According to a Friday statement by Deep Drilling 1 PTE. LTD, Aban’s subsidiary, the contract has been entered into for the deployment of the jack-up rig Deep Driller 5 (DD5) offshore Brunei Darussalam. The contract is […]
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Petronas adds more time to Perisai rig contract
23 June 2017, 9:52am
Perisai Petroleum has been awarded a contract extension for the jack-up drilling rig Perisai Pacific 101 by Malaysia’s state-owned oil company Petronas.  Perisai’s 51% subsidiary, Perisai Offshore, has been awarded the extension to the contract, secured on May 8, 2014, which required the provision of the Perisai Pacific 101 jack-up to Petronas Carigali for duration of […]
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Storm Cindy downgraded to tropical depression
23 June 2017, 9:52am
The tropical storm Cindy that has hit the U.S. Gulf of Mexico this week and forced some oil and gas operators to evacuate workers has been downgraded to a tropical depression. The U.S. National Hurricane Center on Thursday said the Tropical Storm Warning from High Island, Texas, to Morgan City, Louisiana, had been discontinued, but […]
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Technical Session: Transformation through your Human Capital
23 June 2017, 9:09am
Offshore Energy event not only offers an exhibition floor where companies and visitors can do business, network and learn more about products and services, we also offer an extensive conference program. Technical sessions, side events, keynote, Offshore WIND Conference and Marine Energy event to name but a few. One of the Technical Sessions is a […]
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New oil player gets hold of Tullow’s Norwegian portfolio
23 June 2017, 8:44am
Pandion Energy has been pre-qualified as a licensee on the Norwegian Continental Shelf (NCS) and received an approval for the acquisition of all licences in Tullow Oil Norge’s existing portfolio including a 20% interest in PL 636 containing the Cara oil and gas discovery. Pandion, a private oil and gas company founded in November 2016 […]
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Kvaerner christens giant jacket for Johan Sverdup field
23 June 2017, 8:32am
Norway’s Kvaerner has completed the construction of the steel jacket destined for Statoil’s giant Johan Sverdrup field, in the North Sea, offshore Norway. The engineering and construction company has shared photos of the christening ceremony of the jacket, named Aegir, by a giant of the sea in Norse mythology. The ceremony was held in Kvaerner’s […]
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Shell to remove emergency response vessel from Knarr
23 June 2017, 7:17am
Shell has received consent from Norway’s Petroleum Safety Authority (PSA) to remove the emergency response vessel from the Knarr field, off Norway.  Shell is the operator of the Knarr field, which is in the northern sector of the North Sea, around 50 kilometers north-east of Snorre. Knarr has been developed using a production and storage […]
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PTTEP crew not prepared for oil spill at Montara, regulator says
23 June 2017, 6:55am
Australia’s offshore petroleum safety body NOPSEMA has issued an improvement notice to PTTEP Australasia regarding environmental management non-compliance associated with its Montara field operations. The regulator said the move was not related to an oil spill incident, but to incident prevention. Namely the watchdog said that PTTEP’s emergency management personnel was not properly trained and competent to […]
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Quadrant takes two CHC helicopters for Australian ops
23 June 2017, 6:46am
Helicopter services provider CHC Group has been awarded a two-year contract to support Australia’s oil and gas company, Quadrant Energy, starting July 1, 2017. In its statement on Thursday, CHC said it will provide passenger transfer services to Quadrant’s oil and gas installations on the North West Shelf using two AW139s flying out of CHC’s […]
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Gjoa remains shut as Engie reveals cause of gas leak
23 June 2017, 6:16am
Following a gas leak on the Engie E&P-operated Gjøa platform in the North Sea, the operator has now identified a cause but is keeping the production shut.  Engie has 30% interest in the field and its partners are Shell with 12%, Dea Norge with 8%, Petoro with 30% and Wintershall Norge with the remaining 20% interest. A […]
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Diving support vessel Offshore Beaver turns to aquaculture
23 June 2017, 6:00am
Ship manager and project developer Workships Contractors has sold the four-point mooring diving support vessel (DSV), the Offshore Beaver, to Seisund AS in Norway.  The company has managed the vessel since 2014, obtaining contracts in nearshore projects in the UK, the Netherlands, Germany, and Denmark doing diving, salvage, and ROV support. Workships Contractors said that […]
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ONGC matches its pre-monsoon rig move record
23 June 2017, 5:06am
India’s Oil and Natural Gas Corporation Limited (ONGC), with the support of Aqualis Offshore, has matched its pre-monsoon rig move record set last year offshore India. The marine and offshore engineering consultancy firm Aqualis said that the ONGC executed a total of 33 jack-up rig moves in April, May, and June this year. Most the […]
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Chart: Eastern Rig Count As Of June 23, 2017
23 June 2017, 5:00am
Appalachian Basin Rig Count as of September 12, 2014DateNew YorkOhioPennsylvaniaVirginiaWest VirginiaFEBRUARY 1404053030FEBRUARY 2103954030FEBRUARY 2803052027MARCH 704153025MARCH 1404154025MARCH 2103956023MARCH 2803851026APRIL 403659023APRIL 1103854026APRIL 1803550073APRIL 2503657026MAY 203558028MAY 903658027MAY 1603960025MAY 2303960025MAY 3003860025JUNE 603957025JUNE 1303859026JUNE 2004057025JUNE 2704159025JULY 304154027JULY 1004256026JULY 1804455026JULY 2504353027AUGUST 104354027AUGUST 804351026AUGUST 1504251029AUGUST 2204250030AUGUST 2904155029SEPTEMBER 504157029SEPTEMBER 1204258029Created By: Larry Prado - EditorSource: Baker Hughes
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S.Korea's KOGAS To Receive First LNG Cargo Under Contract With US Exporter
23 June 2017, 12:00am
Korea Gas Corp (KOGAS) will early next month receive its first liquefied natural gas (LNG) cargo under a long-term supply deal with U.S. exporter Cheniere Energy.
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Hellenic Petroleum Five-Month Pretax Profit At 246MM Euros
23 June 2017, 12:00am
Greece's biggest oil refiner Hellenic Petroleum had a pretax profit of 246 million euros ($274.8 million).
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Argentina's YPF Says Technology Lowering Its Shale Costs
23 June 2017, 12:00am
Loma Campana is the first productive field in Argentina's Belgium-sized Vaca Muerta shale formation.
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Shale 'Jedi' Who Turned Enron Reject Into Gold Builds Again
23 June 2017, 12:00am
"It's 'Return of the Jedi,'" said one analyst.
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Kemp: Cheaper Gasoline Should Give Limited Boost to US Fuel Consumption
23 June 2017, 12:00am
Gasoline consumption depends on the volume of traffic and the average fuel-economy of the cars on the road.
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Big Oil Turns To Big Data To Save Big Money On Drilling
23 June 2017, 12:00am
In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.
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Essar Oil's Creditors Approve $12.9B Rosneft Takeover
23 June 2017, 12:00am
Creditor banks to India's Essar Oil approve the acquisition of the company by a group including Russia's Rosneft.
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Oil in Bear Market Declines for Fifth Week as Supply Climbs
23 June 2017, 12:00am
"It's becoming bearish mania," said one analyst.
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TRACE Secures INPEX Deal, Creates Jobs
23 June 2017, 12:00am
TRACE has been awarded a 6-year contract by INPEX for maintenance services to support the operation of the Ichthys LNG onshore facilities in Darwin.
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French Energy Minister Confirms No New Permits for Exploration
23 June 2017, 12:00am
The French energy minister Nicolas Hulot confirms that there will be no new permits for oil and gas exploration in the country.
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Mexico's Pemex Sees Restart of Salina Cruz Refinery on July 30
23 June 2017, 12:00am
The Pacific coast refinery is Mexico's biggest, with a daily processing capacity of 330,000 barrels of crude oil.
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Greece Approves Offshore Applications by Total-ExxonMobil, Energean
23 June 2017, 12:00am
Greece approved applications submitted by a consortium of Total, ExxonMobil and Hellenic Petroleum, its energy ministry said.
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What Are the Qualifications to Become a Welder?
23 June 2017, 12:00am
Learn about basic qualifications to become a welder.
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Kemp: Oil Market Flashes Warning About Stock Levels in 2018
23 June 2017, 12:00am
The emergence of a large contango implies many hedgers and speculators now expect stocks to remain higher than before.
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US Drillers Add Oil Rigs for Record 23rd Week in a Row -Baker Hughes
23 June 2017, 12:00am
U.S. energy firms added 11 oil rigs in the week of June 23, Baker Hughes said Friday.
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Petrobras Revives Plan for IPO of Fuel Distribution Unit
23 June 2017, 12:00am
Petrobras' CEO said the company is reviving an initial public offering of its fuel distribution unit to cut its debt.
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Russia's Novatek Aims Topple Qatar from LNG Top Spot
23 June 2017, 12:00am
Qatar and Russia have long been rivals in global gas markets.
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Four of Canada's Biggest Banks Are Key Trans Mountain Lenders -Filings
23 June 2017, 12:00am
Energy infrastructure projects in Canada have faced opposition from environmental groups and aboriginal communities.
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Gazprom Smells Opportunity as UK's Biggest Gas Store Shuts
23 June 2017, 12:00am
While Britain's import needs are mostly met by Norway, it also receives Russian fuel indirectly through pipelines.
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China, India, Japan Hamper Asia Oil Demand Growth
23 June 2017, 12:00am
Faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance.
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Rubicon Strengthens Downhole Completions Portfolio With Acquisition
22 June 2017, 3:55pm
Rubicon Oilfield International acquired the assets, people and operating business of Calgary, Alberta-based World Oil Tools Inc. for an undisclosed amount, the company said June 12. Established in 2000, World Oil Tools is a manufacturer and supplier of specialty inflatable products and technology consumed in downhole completions operations. The company footprint ranges from U.S. unconventional basins to complex international land and offshore environments, according to a company press release. Rubicon said it expects the acquisition to strengthen its downhole completions solutions portfolio, enabling the Houston-based company to offer high-value inflatable packers, external casing packers and drillstem testing technology to customers around the world.
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Golar LNG, Delfin Midstream To Develop First FLNG In US
22 June 2017, 3:29pm
Delfin Midstream and Golar LNG Limited said on June 21 they had signed a joint development agreement to develop the Delfin LNG project off the coast of Cameron Parish, La., utilizing Golar’s FLNG technology. The agreement covers financing, marketing, construction, development and operation of Delfin LNG. Delfin LNG is the first and only permitted floating LNG export project in the U.S. Delfin LNG is a brownfield deepwater port that can support up to four FLNG vessels with little added infrastructure. The capacity of the project is up to 13 mtpa.
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US Wants Answers In Qatar Dispute Threatening LNG Exports
22 June 2017, 3:05pm
In its ongoing dispute with Qatar, ostensibly over the funding of terrorism, the Gulf Cooperation Council (GCC) has apparently created a list of demands for the world’s largest LNG exporter. U.S. Secretary of State Rex Tillerson said June 21 that he is hopeful demands from Saudia Arabia, the United Arab Emirates (UAE), Egypt and Bahrain “will soon be presented to Qatar and will be reasonable and actionable.” Tillerson added that the U.S. supports Kuwaiti mediation efforts to resolving sanctions on Qatar that have created logistical problems due to a blockade of country, raised tensions over its ties with Iran and led to worries of food shortages and even the death of camels worth $75,000 each.
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OGA’s 8-step program to maximize SNS tight gas recovery
22 June 2017, 1:57pm
UK’s Oil and Gas Authority (OGA) has published a strategy outlining a plan to maximize the economic recovery of ‘tight gas’ from the Southern North Sea (SNS). According to OGA’s “conservative” estimates, there are some 3.8 trillion cubic feet (tcf) of remaining gas accessible in the SNS, including infill opportunities, undeveloped discoveries, and prospects. The […]
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Engie Shuts Output From Norway’s Gjoea Field Due To Gas Leak
22 June 2017, 1:56pm
Norway’s Gjoea oil and gas field will remain shut until the source of gas leak that forced operator Engie to halt production on June 21 has been found, the French company said. “Production will remain shut until the cause of the leak has been found,” an Engie spokeswoman said, adding that 19 people had been evacuated from the Gjoea platform while 30 remained on board.
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UK Wants To Revive Gas Extraction In Oldest Part of North Sea
22 June 2017, 1:46pm
Britain wants oil and gas drillers to recover pockets of gas that are more difficult to reach in a part of the North Sea where drilling for fossil fuels started over 50 years ago. The Oil and Gas Authority (OGA) said on June 22 that some 107 Bcm (3.8 Tcf) of tight gas remain in the southern North Sea, one of the world’s oldest offshore gas extraction areas. Drilling activity in Britain’s North Sea has been at a record low for two years as weak oil prices make projects less attractive. The basin is estimated to have billions of barrels of oil left for extraction worth about $250 billion for British government coffers. The regulator on June 22 published an eight-step program it wants oil companies to follow to tap the southern North Sea tight gas deposits, which were traditionally unpopular among explorers because they were difficult to access and therefore more expensive to develop.
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Eni to look for hydrocarbons in Caspian Sea block
22 June 2017, 1:13pm
Italian oil company Eni and JSC KazMunayGas (KMG) have signed an agreement which renews the conditions for the transfer to Eni of 50% of the subsoil use rights in the Isatay block, in the Caspian Sea off Kazakhstan, for exploration and production of hydrocarbons. To recall, almost two years ago, in June 2015, KazMunayGas and […]
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Three partners follow Petronas in MHS heli contract termination
22 June 2017, 12:23pm
After Malaysian state-owned firm Petronas terminated a contract with the helicopter services provider MHS Aviation for the provision of transportation of personnel to offshore facilities, three other companies followed suit.  Namely, MHS Aviation, a 51% subsidiary of Boustead Holdings, has also received termination letters from Sapura Exploration and Production, EQ Petroleum Production Malaysia, and ExxonMobil Exploration and Production Malaysia each […]
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European Commission approves DONG-INEOS transaction
22 June 2017, 12:04pm
The European Commission has approved the proposed sale of Denmark’s Dong Energy’s oil business to UK’s Ineos. The European Commission, under the EU Merger Regulation, concluded that the proposed transaction would raise no competition concerns given that the companies’ activities overlap to a limited extent and that a number of alternative suppliers would remain in […]
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Blue Water to handle Nord Stream 2 pipes for Wasco
22 June 2017, 11:48am
After Nord Stream 2 AG awarded Wasco Coatings Europe a contract for concrete weight coating, storage and logistics of the 200,000 pipes for the namesake pipeline, Wasco has now awarded Denmark’s Blue Water Shipping a contract for the transport, handling and storage of 113,000 of the pipes. Nord Stream 2 AG, the project developer of the Nord […]
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Technical Session: Rise of the Renewables
22 June 2017, 11:15am
Offshore Energy event not only offers an exhibition floor where companies and visitors can do business, network and learn more about products and services, we also offer an extensive conference program. Technical sessions, side events, keynote, Offshore WIND Conference and Marine Energy event to name but a few. One of the Technical Sessions is a […]
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PHOTO: Oseberg Vestflanken 2 jacket and topside ready to set sail
22 June 2017, 10:11am
Heerema Fabrication Group (HFG) has shared a photo showing the loaded out jacket and topside for Statoil’s Oseberg Vestflanken 2 project. The Netherlands-based manufacturer of large structures for the oil and gas industry, that the loaded out jacket and topside were being prepared at the company’s Zwijndrecht yard for transport to open sea. According to […]
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Statoil hires AET shuttle tankers on long-term charters
22 June 2017, 9:42am
Norwegian oil and gas giant Statoil has awarded a long-term contract to AET for the operation of two offshore loading shuttle tankers (OLSTs). According to Statoil, these new vessels will be in addition to the two AET DP2 ships currently on charter, in the same area, for Statoil. AET is a subsidiary of Malaysian energy shipping […]
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Solstad Farstad goes live as trio finalizes merger
22 June 2017, 9:25am
Norway on Thursday got a new OSV player after Solstad Offshore, Farstad Shipping and Deep Sea Supply merged into one new company named Solstad Farstad.  With the completion of the merger transactions announced on February 6, Wednesday marked the effective conception of the world’s largest offshore service vessel (OSV) company, Solstad Farstad. The new company […]
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Eni sends first shipment of Jangkrik LNG to Indonesian market
22 June 2017, 8:32am
Eni on Thursday carried out its first shipment of liquefied natural gas (LNG) produced for the Indonesian domestic market by the Jangkrik field, which is located in Indonesia in deep water. The Italian company started gas production from the Jangkrik field on May 15. The project comprises the gas fields Jangkrik and Jangkrik North East, located in […]
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Storm Cindy shuts 17% of U.S. Gulf of Mexico oil production
22 June 2017, 8:16am
Tropical storm Cindy has forced the Gulf of Mexico operators to evacuate 40 production platforms, according to an update on Thursday by the U.S. authorities. The Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team said it would continue to work with offshore operators and other state and federal agencies until operations return to normal […]
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Inpex completes mooring of world’s largest semi-sub platform
22 June 2017, 7:34am
World’s largest semi-submersible production platform, the Ichthys Explorer, has been safely moored in the Inpex-operated Ichthys Field, 220 kilometers off the north coast of Western Australia, where it will be located for 40 years. The Central Processing Platform weighs 120,000 tonnes, with a topsides footprint measuring 130 meters by 120 meters. “The safe and efficient mooring […]
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FAR, Woodside Senegal dispute taken to arbitration
21 June 2017, 4:15pm
Perth company FAR Ltd. has moved to arbitration to resolve the current joint operating agreement dispute regarding the company’s right to pre-empt the sale of ConocoPhillips’ interest in three blocks, including one containing the recent SNE oil discovery offshore Senegal.
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Statoil gets okay for Njord, Bauge developments
20 June 2017, 9:54pm
Statoil ASA has received government approval for its plans for development and operation for Njord field and the nearby Bauge discovery in the Norwegian Sea.
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Energean submits development plan for Karish, Tanin off Israel
20 June 2017, 8:38pm
Energean Oil & Gas SA subsidiary Energean Israel expects the start of gas production from the Karish main development in 2020 after an estimated capital expenditure of $1.3-1.5 billion.
Read more... (source: www.ogj.com)


Mexico awards 10 of 15 shallow-water blocks in latest bid round
20 June 2017, 5:52pm
Mexico’s Round 2.1, held June 19, included shallow-water blocks in the Tampico-Misantla, Veracruz, and Southeast basin areas along the country’s Gulf Coast.
Read more... (source: www.ogj.com)


OGA offers data for mature-area licensing
20 June 2017, 5:22pm
The UK Oil and Gas Authority (OGA) has announced measures to make data openly available and boost interest in the 30th Offshore Licensing Round, which it has not yet launched.
Read more... (source: www.ogj.com)


Europa advances seismic on Irish licenses
20 June 2017, 4:52pm
Europa Oil & Gas (Holdings) PLC will advance seismic work for three licenses in the South Porcupine basin offshore Ireland after receiving approval to adjust the terms.
Read more... (source: www.ogj.com)


Australian government to study southern offshore basins
20 June 2017, 4:15pm
The Australian government has announced a study of Southern Australian offshore basins as part of a $90-million (Aus.) investment in the country’s domestic gas security and supply.
Read more... (source: www.ogj.com)


Beach Energy completes Callawonga drilling campaign
20 June 2017, 4:00pm
The Adelaide duo of Beach Energy Ltd. and Cooper Energy Ltd. has successfully completed a five-well campaign in Callawonga oil field in PPL220 in the South Australian Cooper-Eromanga basins.
Read more... (source: www.ogj.com)


Schlichter heads newly opened DEA office in Brazil
19 June 2017, 7:38pm
DEA Deutsche Erdoel AG has opened an office in Rio de Janeiro with Christoph Schlichter as general manager.
Read more... (source: www.ogj.com)


NIOC adds five to ‘prequalification’ list
19 June 2017, 4:44pm
National Iranian Oil Co. has designated five more international oil and gas companies “prequalified” to bid on upstream projects under a redesigned contract.
Read more... (source: www.ogj.com)


Rosneft cites oil discovery in eastern Arctic
19 June 2017, 3:18pm
Rosneft PJSC is citing a new oil field in the eastern Arctic after three core samples in an exploratory well in the Laptev Sea “showed high oil saturation.”
Read more... (source: www.ogj.com)


Differences worth splitting
19 June 2017, 6:32am
Splitting differences provides a remorselessly unscientific perspective on a question important to oil and gas producers and comes with a possibly instructive or at least amusing analog in downstream-business history.
Read more... (source: www.ogj.com)


Watching Government: When a minor move matters
19 June 2017, 5:15am
The US Bureau of Safety and Environmental Enforcement extended the deadline for offshore oil and gas operators to coordinate their operations and retain their federal leases from 180 days a full year. The June 9 final rule extends the time allowed between production, drilling, or well-reworking operations on a lease, BSEE Director Scott A. Angelle stated.
Read more... (source: www.ogj.com)


Statoil takes over Great Australian Bight permits, program from BP
19 June 2017, 5:15am
Norway’s Statoil ASA has committed to continue the deepwater offshore exploration program in the Great Australian Bight that was vacated by BP PLC late last year.
Read more... (source: www.ogj.com)


Strategic plans more Muskeg wells in Alberta
16 June 2017, 6:50pm
Following its success in this year’s first half, Strategic Oil & Gas Ltd. will drill and complete four additional Muskeg wells this summer. The operator also is evaluating a second prospective formation in its multizone light-oil Marlowe prospect.
Read more... (source: www.ogj.com)


South Sudan oil ministry launches open tender for audit
16 June 2017, 4:58pm
South Sudan’s government will commission an audit of national oil production and other petroleum industry activities, the Ministry of Petroleum reported. The ministry has invited companies to bid on a public tender to perform the audit and produce a 2017 industry audit report.
Read more... (source: www.ogj.com)


ExxonMobil makes FID on Liza development offshore Guyana
16 June 2017, 4:45pm
ExxonMobil Corp. has made a final investment decision on the first phase of development for Liza field 190 km offshore Guyana.
Read more... (source: www.ogj.com)


BP, RIL to invest $6 billion for India deepwater gas field developments
15 June 2017, 5:22pm
BP PLC and Reliance Industries Ltd. (RIL) have agreed to expand their energy partnership in India and will move forward in developing already-discovered deepwater gas fields.
Read more... (source: www.ogj.com)


Wildcats planned for southwest Iowa
14 June 2017, 9:43pm
Austin-based Chocolate Flats Petroleum Inc. will spud the first of two Forest City and Midcontinental Rift basin wildcats in August. The company has identified Pennsylvanian targets in the Iowa Shenendoah subbasin including Morrowan, Atokan, Desmoinesian, Missourian, and Virgilian.
Read more... (source: www.ogj.com)


Schlumberger plans reimaging program onshore Mexico
14 June 2017, 9:14pm
Schlumberger Ltd. and Seitel Inc. have formed a multiclient alliance to reimage and acquire geophysical data onshore Mexico.
Read more... (source: www.ogj.com)


Oil Search-led group continues appraisal of Muruk gas find
14 June 2017, 3:21pm
A group led by Oil Search Ltd. in the Papua New Guinea highlands has reported a successful production test of the Muruk-1ST3 appraisal well, which was drilled southwest of last year’s Muruk-1 natural gas discovery
Read more... (source: www.ogj.com)


Out of sight, not out of reach
12 June 2017, 5:50pm
Over the past 115 years, editors and contributing authors of OGJ, known as Oil Investors' Journal during its first 10 years of publication, have made careers of covering industry innovators opening previously unimaginable frontiers.
Read more... (source: www.ogj.com)


BPTT makes key gas discoveries in Columbus basin
12 June 2017, 4:52pm
BP PLC reported that it has discovered 2 tcf of natural gas with two exploration wells drilled in the Columbus basin offshore the east coast of Trinidad and Tobago.
Read more... (source: www.ogj.com)


Zinke signs secretarial order to jump-start production within NPR-A
12 June 2017, 4:02pm
US Secretary of the Interior Ryan Zinke dramatically concluded his 5-day visit to Alaska by signing a secretarial order to jump-start oil production within the National Petroleum Reserve-Alaska. The May 31 order also called for updated resource assessments along Alaska’s North Slope (ANS), including the federally managed 1002 Area on the Arctic National Wildlife Refuge’s coastal plain.
Read more... (source: www.ogj.com)


NMFS proposes allowing Mid-Atlantic OCS seismic incidental takes
12 June 2017, 5:15am
The National Marine Fisheries Service (NMFS) proposed issuing five incidental take authorizations (ITA) to offshore geophysical contractors so they can conduct seismic surveys along the US South and Mid-Atlantic Outer Continental Shelf. Comments will be taken until July 6, the National Oceanic & Atmospheric Administration division said in a notice scheduled to be published in the June 6 Federal Register.
Read more... (source: www.ogj.com)


BSEE extends offshore oil, gas development deadline to a full year
9 June 2017, 8:33pm
The US Bureau of Safety and Environmental Enforcement extended the deadline for offshore oil and gas operators to coordinate their operations and retain their federal leases from 180 days a full year.
Read more... (source: www.ogj.com)


Northern Petroleum gets Italian licenses
9 June 2017, 3:58pm
Northern Petroleum PLC is reviewing potential for redevelopment of two suspended fields in Italy in a package of onshore licenses it is acquiring from Rockhopper Exploration PLC. Both companies are based in London.
Read more... (source: www.ogj.com)


Statoil takes over Great Australian Bight permits, program from BP
9 June 2017, 3:32pm
Norway’s Statoil ASA has committed to continue the deepwater offshore exploration program in the Great Australian Bight that was vacated by BP PLC late last year.
Read more... (source: www.ogj.com)


PPR finds momentum in southern Alberta horizontal Wheatland play
8 June 2017, 7:38pm
Prairie Provident Resources Inc. (PPR) will continue drilling in mid-July in the wake of successful 4-well program in southern Alberta at its Wheatland prospect. The operator drilled wells Wayne-1, 2, 3, and Entice-1 during this year’s first 3 months, deferring completions until late April and early May.
Read more... (source: www.ogj.com)


AWE reports Waitsia Stage 2 entering FEED phase
8 June 2017, 4:26pm
AWE Ltd., Sydney, operator of the north Perth basin production licences L1/L2, has announced the beginning of the design competition phase of front-end engineering and design of the Waitsia gas project Stage 2.
Read more... (source: www.ogj.com)


Woodside, FAR still at odds over exploration blocks off Senegal
8 June 2017, 3:40pm
Perth companies Woodside Petroleum Ltd. and FAR Ltd. are still at loggerheads over Woodside’s entry into three exploration blocks offshore Senegal, including the SNE oil field that is being readied for development.
Read more... (source: www.ogj.com)


OIL adds discovery in Upper Assam basin
7 June 2017, 4:17pm
India state-owned Oil India Ltd. (OIL) is planning further appraisal drilling after bringing its latest oil discovery on production in the Baghjan petroleum mining lease in the Upper Assam basin in northeastern India.
Read more... (source: www.ogj.com)


Equatorial Guinea names bid-round winners
6 June 2017, 5:23pm
Equatorial Guinea’s Ministry of Mines and Hydrocarbons expects offshore production-sharing contracts to be signed by Sept. 15 by six bid-round winners announced at the Africa Oil & Power conference in Cape Town, South Africa.
Read more... (source: www.ogj.com)


Offshore rig market recovery emerging
6 June 2017, 5:01am
Trends signaling a rig market recovery have emerged this year. Rig contracting activity and utilization are up, asset values are up, and first-quarter crude oil benchmark prices held relatively stable.
Read more... (source: www.ogj.com)


Drilling markets pick up, starting in US
6 June 2017, 12:42am
The weekly US rig count grew repeatedly by double-digits through April, with Baker Hughes Inc. attributing most of the drilling gains to onshore plays while the US offshore rig count remained flat.
Read more... (source: www.ogj.com)


Lower 48 service-cost inflation forecast
5 June 2017, 11:18pm
Onshore development and drilling activity ramped up in the US Lower 48 states (L48) during the first quarter, prompting the beginnings of service-cost inflation that could reach 15%, including margin recapture in 2017.
Read more... (source: www.ogj.com)


Geochemistry links source rocks, crude distribution in northern Mesopotamian basin, Iraq
5 June 2017, 10:27pm
Mesopotamian basin exploration in Iraq has opened 73 oil fields since the late 1920s. Most fields are in the northern and southern parts of the basin, but several lie in western Iraq.
Read more... (source: www.ogj.com)


NMFS proposes allowing Mid-Atlantic OCS seismic incidental takes
5 June 2017, 9:22pm
The National Marine Fisheries Service (NMFS) proposed issuing five incidental take authorizations (ITA) to offshore geophysical contractors so they can conduct seismic surveys along the US South and Mid-Atlantic Outer Continental Shelf. Comments will be taken until July 6, the National Oceanic & Atmospheric Administration division said in a notice scheduled to be published in the June 6 Federal Register.
Read more... (source: www.ogj.com)


ExxonMobil adds deepwater block off Equatorial Guinea
5 June 2017, 8:38pm
ExxonMobil Corp. wholly owned affiliate Exploration & Production Equatorial Guinea (Deepwater) Ltd. has signed a production-sharing contract with the government of Equatorial Guinea for the 307,000-acre EG-11 deepwater block 36 miles west of Malabo.
Read more... (source: www.ogj.com)


Fault-seal analysis lessens ambiguity in the Sinjhoro area, Pakistan
5 June 2017, 6:58pm
The Lower Goru is a prolific producing reservoir in Pakistan's Sinjhoro area in the Lower Indus basin. Fault-seal analysis can confirm hydrocarbon traps, and a new study has lowered uncertainty by categorizing two faults in the region based on wall-rock juxtapositions, Allan diagrams, shale gouge ratios (SGR), and shale smear factors (SSF).
Read more... (source: www.ogj.com)


IPR continues exploration program in Egypt
5 June 2017, 5:29pm
Irving, Tex., independent IPR Inc. reported continued drilling success and a series of Western Desert and Nile Delta, Egypt, discoveries through this year’s first 5 months.
Read more... (source: www.ogj.com)


Namibia grants license extension for offshore exploration
5 June 2017, 5:00pm
The Namibian government has granted a 1-year license extension to the partners conducting exploration in the PEL 71 license area in the Walvis basin offshore Namibia, reported partner AziNam Ltd., a Hamilton, Bermuda-based exploration and production company.
Read more... (source: www.ogj.com)


Comment: Mexico's energy reform in the deep water: cautionary notes
5 June 2017, 4:32pm
Four lease auctions have taken place in Mexico since this author's last comment about the need for a sobriety check on that country's energy reform was published in Oil & Gas Journal.
Read more... (source: www.ogj.com)


Oil and gas firms' first-quarter results improved on higher oil prices
5 June 2017, 4:09pm
A sample of 64 US-based oil and gas producers and refiners posted a combined net income of $6 billion for this year's first quarter compared with a combined net loss of $15.5 billion for the same period in 2016. The group's collective revenues in this year's first quarter were $211.64 billion, up from revenues of $151.68 billion in first-quarter 2016.
Read more... (source: www.ogj.com)


Asserting conclusions
5 June 2017, 4:00pm
Uncertainty is as much a part of the oil and gas business as metal and dirt. Investors know this. They know oil and gas originate in unseen realms subject to complex forces never conveniently measurable.
Read more... (source: www.ogj.com)


OGJ Newsletter
5 June 2017, 5:00am
International news for oil and gas professionals
Read more... (source: www.ogj.com)


BPTT makes key gas discoveries in Columbus basin
2 June 2017, 4:52pm
BP PLC reported that it has discovered 2 tcf of natural gas with two exploration wells drilled in the Columbus basin offshore the east coast of Trinidad and Tobago.
Read more... (source: www.ogj.com)


Zinke signs secretarial order to jump-start production within NPR-A
1 June 2017, 4:02pm
US Secretary of the Interior Ryan Zinke dramatically concluded his 5-day visit to Alaska by signing a secretarial order to jump-start oil production within the National Petroleum Reserve-Alaska. The May 31 order also called for updated resource assessments along Alaska’s North Slope (ANS), including the federally managed 1002 Area on the Arctic National Wildlife Refuge’s coastal plain.
Read more... (source: www.ogj.com)


Joint venture to explore Oman’s offshore Block 52
31 May 2017, 5:14pm
Oman’s Ministry of Oil and Gas has granted Eni SPA and Oman Oil Co. SAOC (OOC), the Sultanate’s energy investment arm, exploration rights for Block 52, a 90,000-sq-km area in 10-2,000 m of water offshore Oman.
Read more... (source: www.ogj.com)


TGS planning its second Permian seismic project of 2017
31 May 2017, 4:50pm
TGS-NOPEC Geophysical Co. ASA is set to launch its West Lindsey 3D multiclient seismic survey covering a minimum of 190 sq miles predominantly in Reeves County, Tex., southwest of the West Kermit 3D project launched earlier this year.
Read more... (source: www.ogj.com)


Husky Energy approves West White Rose, adds discovery
30 May 2017, 9:48pm
Husky Energy Inc. expects to start oil production from its West White Rose project offshore Newfoundland and Labrador in 2022 with a gross peak production rate of 75,000 b/d in 2025.
Read more... (source: www.ogj.com)


Oil Search farms into former InterOil Papua New Guinea permits
30 May 2017, 4:08pm
Oil Search Ltd., Sydney and Port Moresby, has bought 30% interest in each of five permits in the Papua New Guinea eastern Foldbelt from ExxonMobil Corp.
Read more... (source: www.ogj.com)


BP extends option to farm into Ironbark permit off Western Australia
30 May 2017, 3:47pm
Cue Energy Resources Ltd., Melbourne, has agreed to extend BP PLC’s option to farm into 42.5% equity of offshore Carnarvon basin exploration permit WA-359-P from the end of May till Oct. 25.
Read more... (source: www.ogj.com)


Outrage and budgets
29 May 2017, 7:14am
To understand oil and gas implications of a White House budget proposal that, in comparison with predecessors, seems sketchy, consider an image from US President Donald Trump's visit to Saudi Arabia.
Read more... (source: www.ogj.com)


OGJ Newsletter
29 May 2017, 5:00am
International news for oil and gas professionals
Read more... (source: www.ogj.com)


Energean signs pact for Western Greece onshore block
25 May 2017, 4:02pm
Energean Oil & Gas SA, Athens, has signed a lease agreement with the Greek government for the exploration and exploitation of hydrocarbons on the 4,360-sq-km Aitoloakarnania block onshore western Greece.
Read more... (source: www.ogj.com)


Tag Oil reports success with Cheal-E8 exploration well in New Zealand
24 May 2017, 4:33pm
Tag Oil Ltd., Vancouver, BC, reported the successful drilling and flow testing of its Cheal-E8 exploration well, which will now be tied-in to the company’s existing production systems as a permanent producer. The well was drilled on the company’s operated Cheal East permit (PEP 54877) in New Zealand’s Taranaki basin. The well was drilled to a total measured depth of more than 2,000 m.
Read more... (source: www.ogj.com)


Seismic program planned off Sri Lanka’s east coast
23 May 2017, 7:43pm
The Sri Lanka government is planning what it is calling a “first-ever” seismic acquisition off the country’s east coast, under a joint exploration agreement with France’s Total SA.
Read more... (source: www.ogj.com)


Talos spuds Zama-1 exploration well in Mexico’s shallow waters
22 May 2017, 5:18pm
Talos Energy LLC, Houston, has spudded the Zama-1 exploration well on Block 7 in the shallow-water Sureste basin offshore Mexico.
Read more... (source: www.ogj.com)


OGJ Newsletter
22 May 2017, 5:00am
International news for oil and gas professionals
Read more... (source: www.ogj.com)


Cairn-led group drills appraisal well in SNE field offshore Senegal
19 May 2017, 5:58pm
A combine led by Cairn Energy Ltd. has completed drilling of an appraisal well in SNE oil field offshore Senegal. The group recording strong flow rates in the SNE-6 well from the upper reservoirs.
Read more... (source: www.ogj.com)


Oil spill investigators oppose Trump plans to open up OCS areas to leasing
19 May 2017, 3:58pm
Officials from the Oil Spill Commission Action (OSCA) project, a continuation of the presidential commission that investigated the 2010 Macondo deepwater oil well blowout and subsequent oil spill in the Gulf of Mexico, expressed their opposition to US President Donald Trump’s plans to open Atlantic and Arctic offshore areas to oil and gas leasing.
Read more... (source: www.ogj.com)


Oil spill investigators oppose Trump plans to open up OCS areas to leasing
19 May 2017, 3:58pm
Officials from the Oil Spill Commission Action (OSCA) project, a continuation of the presidential commission that investigated the 2010 Macondo deepwater oil well blowout and subsequent oil spill in the Gulf of Mexico, expressed their opposition to US President Donald Trump’s plans to open Atlantic and Arctic offshore areas to oil and gas leasing.
Read more... (source: www.ogj.com)


Early work stage confirmed for Tigris, Anchor prospects in Gulf of Mexico
18 May 2017, 4:21pm
Chevron Corp.’s Tigris and Anchor platforms will operate in 4,000-5,000 ft of water about 140 miles offshore Louisiana in the Gulf of Mexico. Wood Group has confirmed the pre-front-end engineering design are among the first two work orders handed down by the operator as part of a 10-year master services agreement that will include multiple locations across Chevron’s onshore and offshore asset portfolio.
Read more... (source: www.ogj.com)


Early work stage confirmed for Tigris, Anchor prospects in Gulf of Mexico
18 May 2017, 4:21pm
Chevron Corp.’s Tigris and Anchor platforms will operate in 4,000-5,000 ft of water about 140 miles offshore Louisiana in the Gulf of Mexico. Wood Group has confirmed the pre-front-end engineering design are among the first two work orders handed down by the operator as part of a 10-year master services agreement that will include multiple locations across Chevron’s onshore and offshore asset portfolio.
Read more... (source: www.ogj.com)


Southern Delaware basin to receive 3D survey
17 May 2017, 8:15pm
An area of mutual interest encompassing 1,100 sq miles of the Delaware basin will be imaged this year by the Coyanosa Survey, a joint venture of FairfieldNodal and Schlumberger Ltd.
Read more... (source: www.ogj.com)


Tullow finds net oil pay with Emekuya-1 well in Kenya
17 May 2017, 4:58pm
Tullow Oil PLC’s Emekuya-1 well, drilled on Block 13T of northern Kenya, has encountered 75 m of net oil pay in two zones.
Read more... (source: www.ogj.com)


Vesta to spur Joffre Duvernay development
17 May 2017, 3:12pm
Privately held Vesta Energy Corp., Calgary, will accelerate development of light-oil properties in the shallow Joffre Duvernay shale oil play of central Alberta with proceeds of an equity financing round.
Read more... (source: www.ogj.com)


Moody’s: Outlook remains positive for global E&P firms
16 May 2017, 4:55pm
The outlook for global independent exploration and production firms remains positive, according to a recent report from Moody’s Investors Service entitled, “Independent Exploration & Production—Global: Producers Continue to Recover as Commodity Prices Stabilize.”
Read more... (source: www.ogj.com)


Beach targets undeveloped Cooper basin oil reserves
16 May 2017, 3:09pm
A group led by Beach Energy Ltd. and including Cooper Energy Ltd., both of Adelaide, has stated a five-well drilling campaign in South Australian production permit PPL 220, which contains Callawonga oil field on the western flank of the Cooper basin.
Read more... (source: www.ogj.com)


Total signs exploration contract for Mauritania’s C7 block
15 May 2017, 5:04pm
Total SA has signed a contract with the Mauritanian government for exploration work on the 7,300-sq-km C7 block. Total will be operator with 90% interest alongside Societe Mauritanienne des Hydrocarbures et de Patrimoine Minier (SMHPM) with the remaining 10%.
Read more... (source: www.ogj.com)


Eastern gulf should be priority in Trump OCS order's wake, API says
15 May 2017, 4:30pm
Facilitating exploration and development in the eastern Gulf of Mexico should be a top priority as the US Department of the Interior reviews its US Outer Continental Shelf decisions under President Donald J. Trump's Apr. 28 offshore oil and gas executive order, an American Petroleum Institute official recommended on May 1.
Read more... (source: www.ogj.com)


BP hits 45 m of net hydrocarbon pay in Yakaar-1 well off Senegal
15 May 2017, 4:16pm
The BP PLC-operated Yakaar-1 well offshore Senegal intersected a gross hydrocarbon column of 120 m in three pools within the primary Lower Cenomanian objective and encountered 45 m of net pay.
Read more... (source: www.ogj.com)


Muruk confirmed as Hides lookalike in Papua New Guinea
15 May 2017, 3:19pm
The Oil Search Ltd.-operated Muruk-1/ST3 sidetrack appraisal well in the highlands of Papua New Guinea has confirmed a natural gas-rich zone found in the initial Muruk-1 discovery in permit PPL 402 last December.
Read more... (source: www.ogj.com)


Shell reports first-quarter earnings of $2.23 billion
15 May 2017, 6:05am
Royal Dutch Shell PLC reported first-quarter earnings on a current cost of supply basis, excluding identified items, of $3.86 billion, up $2.23 billion from first-quarter 2016.
Read more... (source: www.ogj.com)


Unlocking the Atlantic shelf
15 May 2017, 5:00am
Attendees of the annual Offshore Technology Conference over May 1-4 in Houston were more optimistic this year.
Read more... (source: www.ogj.com)


OGJ Newsletter
15 May 2017, 5:00am
International news for oil and gas professionals
Read more... (source: www.ogj.com)


Hope dims again for Cypriot reunification
12 May 2017, 4:39pm
Prospects for the reunification of Cyprus, which improved last month with the resumption of negotiations between Greek and Turkish Cypriot leaders after a 54-day break, have dimmed again.
Read more... (source: www.ogj.com)


Wintershall drills horizontal pilot well on Argentina’s Bandurria Norte block
12 May 2017, 2:47pm
Germany’s Wintershall Holding GMBH has spudded the first of three horizontal pilot wells on the Bandurria Norte block in Neuquen province in western Argentina.
Read more... (source: www.ogj.com)


BOEM will resume evaluating requests to study Atlantic OCS potential
11 May 2017, 5:56pm
The US Bureau of Ocean Energy Management will resume consideration of applications from six offshore geophysical contractors seeking permission to conduct geological and geophysical surveys along the US Atlantic Continental Shelf, the Department of the Interior announced.
Read more... (source: www.ogj.com)


Lundin appraises Alta discovery in southern Barents Sea
11 May 2017, 5:33pm
Lundin Petroleum AB is planning a possible extended reach horizontal test for 2018 at its Alta discovery in PL609 on the Loppa High in the southern Barents Sea offshore Norway.
Read more... (source: www.ogj.com)


Vedanta outlines bidding process to ramp up India onshore production
10 May 2017, 5:14pm
Vedanta Ltd. has announced a prequalification process for service providers to participate in plans to increase Cairn India Ltd.’s production from Mangala, Bhagyam, and Aishwariya fields on the Rajasthan block.
Read more... (source: www.ogj.com)


Lundin completes Gohta appraisal well in Barents Sea
8 May 2017, 5:44pm
Lundin Norway AS, a wholly owned unit of Lundin Petroleum AB, Stockholm, has completed drilling its Gohta appraisal well 7120/1-5 in PL492 in the southern Barents Sea.
Read more... (source: www.ogj.com)


Discoveries down, but companies know where the oil is
8 May 2017, 4:50pm
According to an old, half-serious joke, the best place to look for oil is in an oil field.
Read more... (source: www.ogj.com)


Jonah Energy to buy Linn's Jonah, Pinedale field interests
8 May 2017, 4:07pm
Jonah Energy LLC, Denver, has agreed to acquire Houston-based Linn Energy Inc.'s interests in western Wyoming for $581.5 million. The move for Linn comes as part of its operational transformation after emerging from bankruptcy earlier this year.
Read more... (source: www.ogj.com)


Noble to sell its upstream Appalachia gas assets for $1.225 billion
8 May 2017, 4:05pm
Noble Energy Inc., Houston, has agreed to sell all of its upstream assets in northern West Virginia and southern Pennsylvania to an undisclosed buyer for $1.225 billion.
Read more... (source: www.ogj.com)


OTC: Mexico implementing energy reforms despite low oil prices
8 May 2017, 3:59pm
Mexico has implemented government regulations to advance its energy reforms regardless of the oil-price slump, Aldo Flores Quiroga, Mexico's deputy secretary of energy for hydrocarbons, said during a May 1 speech at the Offshore Technology Conference in Houston.
Read more... (source: www.ogj.com)


BP hits 45 m of net hydrocarbon pay in Yakaar-1 well off Senegal
8 May 2017, 3:56pm
The BP PLC-operated Yakaar-1 well offshore Senegal intersected a gross hydrocarbon column of 120 m in three pools within the primary Lower Cenomanian objective and encountered 45 m of net pay.
Read more... (source: www.ogj.com)


OTC: Oil industry navigates digital disruption
8 May 2017, 3:56pm
The oil and gas industry is learning its role in a digital disruption that for oil companies has involved primarily equipment sensors and big data analysis, but producers still have much to learn from other industries, speakers told a session May 3 at the Offshore Technology Conference in Houston.
Read more... (source: www.ogj.com)


OTC: Total to seek tie-back opportunities on completion of Moho Nord project
8 May 2017, 3:52pm
Total SA started production in March from Moho Nord field 75 km offshore Pointe-Noire, Congo (Brazzaville) (OGJ Online, Mar. 15, 2017). Moho Phase 1b and Moho Nord are part of the Moho Bilondo licenses operated by Total E&P Congo.
Read more... (source: www.ogj.com)


Report recommends a fresh look at global energy governance groups
8 May 2017, 3:50pm
The International Energy Agency and other global organizations that were created in response to crude-oil supply disruptions in the 1970s may need to be refocused and reformed, a recent Atlantic Council report suggested.
Read more... (source: www.ogj.com)


Change and tension
8 May 2017, 3:47pm
Because Saudi Arabia makes or breaks the latest rendition of oil-supply management, developments there strongly affect the future price of crude. What safely can be said about developments in the kingdom is that they are changing.
Read more... (source: www.ogj.com)


OGJ Newsletter
8 May 2017, 5:00am
International news for oil and gas professionals
Read more... (source: www.ogj.com)


ONGC Videsh to test well in Colombia
5 May 2017, 4:27pm
A well in the Llanos basin in Colombia revealed 120 ft of oil-saturated net pay, according to operator ONGC Videsh Ltd. of India.
Read more... (source: www.ogj.com)


DNO to reestablish North Sea presence with Origo acquisition
5 May 2017, 3:07pm
DNO ASA has agreed to buy Origo Exploration Holding AS, a private exploration firm focused offshore Norway and the UK. Origo will be renamed DNO Norge AS.
Read more... (source: www.ogj.com)


OTC: Pemex’s financial, operational outlooks improving, CEO says
4 May 2017, 3:17pm
Turning around a company whose sales are comparable to Uruguay’s gross domestic product is no small task, especially when the company itself remains a primary source of revenue for its government owner.
Read more... (source: www.ogj.com)



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