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STAVANGER, Norway -- Preliminary production figures from the Norwegian Petroleum Directorate for October 2014 indicate an average daily production of about 1.949 MMboe. This represents about 151,000 boed for the month, about 8% more than September production.
BOULOGNE-BILLANCOURT, France -- Vallourec has been awarded a contract to supply premium tubes and connections for the ultra-deep offshore Kaombo project in Angola, operated by TOTAL E&P Angola.
NEW ORLEANS (Bloomberg) -- BP Plc lost a bid for a new trial on findings that it was grossly negligent in the 2010 Gulf of Mexico oil spill, a decision that exposes the company to $18 billion in pollution fines. The loss follows multiple BP legal setbacks, including failed efforts to cut the cost of its settlement with spill victims. After being told by trial and appeals courts that it must live with the deal it negotiated, BP is awaiting a U.S. Supreme Court decision on whether it will hear the company’s complaint that the deal is being misinterpreted to compensate claimants BP says it didn’t intended to pay.
STAVANGER, Norway -- Norske Shell, operator of the Ormen Lange field, has completed the drilling of appraisal well 6305/8-2 on the Ormen Lange field. Ormen Lange was proven in 1997 and has been producing since 2007. The reservoir is in Lower Paleocene and Upper Cretaceous reservoir rocks (Våle formation’s ‘Egga reservoir unit’ and ‘Våle heterolithics’, as well as the Jorsalfare formation).
Technip bags PMC contract for the Nasr Field development project PARIS Technip was awarded a contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) works of the Nasr Phase II Full Field Development project Packages
BEIJING -- Inspecting and maintaining sub-surface pipelines is always challenging. When the pipelines are located offshore in turbulent seas, the challenge increases exponentially. When the operation is carried out in the dead of winter in subzero temperatures, the task qualifies as, well, heroic.
LONDON – The UK has named the winners in one of the island nation’s most fruitful licensing rounds in five decades. However, critics say a lack of drilling commitments demonstrates the need for measures to encourage investment in the UK Continental Shelf (UKCS).
DUBAI -- Polarcus is to expand its multi-client data library offshore Guinea-Bissau with a new 3D survey. The recently announced dual well successes on trend to the north, offshore Senegal, have resulted in renewed industry interest in the Cretaceous slope fan and shelf-edge reef plays along the basin margin.
REYKJAVIK, Iceland (Bloomberg) -- Norway, western Europe’s largest crude oil producer, says it welcomes China as a partner in efforts to develop Arctic energy resources. The Nordic country is doing business with China’s CNOOC Ltd. as it tries to find oil off Iceland’s shores. The Chinese company is also looking into exploring Norway’s eastern Barents Sea, an area where licenses will be awarded in 2016.
Technip bags subsea contract for the K2 field in the Gulf of Mexico PARIS Technip has been awarded a contract by Anadarko Petroleum for the K2 Riser Base Gas Lift project, located in Green Canyon 608 in the Gulf of
McDermott successfully delivers RSS for Ichthys LNG Project HOUSTON McDermott International has successfully delivered the riser support structure (RSS) for the INPEX operated Ichthys LNG Project’s subsea umbilical, riser, flowline development. Through smart engineering, McDermott was able to optimize the
Swissco secures charter contract worth approximately $119 million SINGAPORE Swissco Holdings has entered into a JV with Union Offshore to secure a charter contract for up to a seven year period to support an oil company in Asia Pacific. The
ST. JOHN’S, Newfoundland - Nalcor Energy and Ikon Science Canada have released a comprehensive regional pore pressure study for offshore Newfoundland and Labrador to the global oil and gas industry. This is the first large scale regional pore pressure study for offshore Newfoundland and Labrador.
LONDON (Bloomberg) -- Premier Oil Plc, unperturbed by lower oil prices, sees a viable resource at its Falklands development and is seeking to expand operations in the North Sea.
LONDON -- Tullow Oil is to its slash it spending on exploration in favor of producing assets and existing discoveries next year, the company has said. While the London-based company “remains exploration-led,” such spending will be “significantly reduced” in 2015, the company’s CEO, Aidan Heavey, said.
COPENHAGEN, Denmark (Bloomberg) -- Nils Smedegaard Andersen, the CEO of A.P. Moeller-Maersk A/S, says today’s oil price isn’t a problem for companies with the scope to continue cutting costs. “It’s more difficult to make money on oil if the price is $80/bbl than when it was $120/bbl,” he said Nov. 11 in a phone interview. “But historically $80 is a great price so it’s a matter of costs having to come down.”
McDermott gains pipeline installation contract offshore Brunei HOUSTON McDermott International has been awarded a three year shallow water pipeline contract by Brunei Shell Petroleum (BSP) to transport and install pipelines and umbilicals for the Champion and Ampa Fields, offshore Brunei.
HHI wins $1.94 Billion offshore order in UAE USLAN, South Korea Hyundai Heavy Industries (HHI) has signed a contract for a $1.94 billion order for the second package of the Nasr Full Field development project from Abu Dhabi Marine Operating
Mubadala starts production at the Manora oil field in Thailand ABU DHABI, United Arab Emirates Mubadala Petroleum has commenced production at its operated Manora oil field, located within the G1 48 concession, approximately 80 km offshore in 44 m of
HOUSTON -- ABS, a provider of classification services to the global offshore industry, has announced the award of a contract from South Korean shipyard Hyundai Heavy Industries (HHI) to develop a set of subsea pipeline design criteria and associated training materials.
WINDHOEK, Namibia (Bloomberg) -- Namibia sees as many as five oil exploration wells being drilled in 2016 as companies searching for deposits off the southwest African coast are undeterred by 19 dry wells. Tullow Oil Plc and Royal Dutch Shell Plc, which has two exploration blocks in the Orange River basin, will probably sink wells in 2016, Namibia’s Petroleum Commissioner Immanuel Mulunga said. Murphy Oil Corp. may drill toward the end of 2015 or early 2016, he said. The basin is off the country’s southern coast.
LAGOS, Nigeria -- Aveon Offshore Limited, a Nigerian engineering and fabrication company, has been awarded a contract by National Oilwell Varco (NOV) Nigeria for the fabrication of an offloading buoy as part of the package for the Egina OLT contract for Total Upstream Nigeria. The contract, which was awarded in March 2014, for the fabrication of a 900 ton offloading buoy includes the fabrication of the 700 ton buoy hull, installation and integration of a 200 ton turret and the launching and pre-commissioning of the completed buoy.
SANDNES, Norway (Bloomberg) -- Norway’s oil lobby cut its investment forecasts as companies in western Europe’s biggest crude exporter rein in spending to handle rising costs and lower energy prices. Investments will fall to 201 billion kroner ($29 billion) in 2015 from 221 billion this year, the Norwegian Oil and Gas Association said in a report Nov. 11. That compares with a 2015 nominal-price forecast of 218 billion kroner from a year ago.
HOUSTON -- Schlumberger has announced the availability of its multiclient seismic survey offshore Mozambique. The Schlumberger multiclient seismic data offered in collaboration with the National Petroleum Institute of Mozambique (INP) includes reprocessed 2D lines and newly acquired seismic data, and provides detailed imaging of the subsurface.
LIMASSOL, Cyprus -- Songa Offshore, a Cyprus-based drilling contractor, is expecting reduced demand in the Norwegian floater market next year.
HOUSTON -- A Seatronics’ ROV has successfully verified the identity of lost treasure liner, the S.S. Connaught, off the northeast coast of the U.S. The Predator was deployed in a subsea mission organized and led by Endurance Exploration Group, Inc. Seatronics’ Predator ROV was deployed by Endurance Group to verify the identity of the mid-19th century steamship, which carried a large cargo of gold coins, 100 miles from the shore.
CAIRO -- BP Egypt has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks over different phases. Block 3 - North El Mataria is BP’s first entry into the Onshore Nile Delta. Block 8 - Karawan Offshore is located in the Mediterranean Sea, in the northeastern part of Egypt’s economic waters.
LEIDSCHENDAM, Netherlands (Bloomberg) -- Fugro NV, the Dutch deepwater-oilfield surveyor that has lost almost 70% of its value this year, said it wants to continue as an independent company after Boskalis Westminster NV bought an unsolicited stake of 14.8%.
EDINBURGH, United Kingdom -- Cairn has announced the discovery of high quality oil in the second well in its Senegal exploration program. The SNE-1 well is located in 1,100 m of water and lies approximately 100 km offshore in the Sangomar Offshore block. The well has a target depth of about 3,000 m and is targeting the Shelf Edge Prospect.
ZUG, Switzerland (Bloomberg) -- Transocean Ltd., the largest owner of deepwater drilling rigs, reported a third-quarter loss of $6.12 per share after taking one-time charges of $2.57 billion related to the value of its fleet. Transocean delayed publishing its earnings last week after announcing the writedowns, prompted by a slowdown in oil exploration after this year’s decline in crude prices.
