Hong Kong-based CNOOC Ltd. announced the Lishui 36-1 gas field began production. The Lishui 36-1 gas field is located 150km from Wenzhou city Zhejiang province, with an average water depth of approximately 84m. The gas field has four producing wells…
China National Petroleum (CNPC) and Cupapetroleo (CUPET) signed a framework agreement to increase crude output and production sharing and a cooperation agreement on drilling services in Havana, Cuba on 22 July. Under the agreements, CNPC…
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…
Mexico’s senate passed the secondary legislation that defines new institutional framework for state oil company Petróleos Mexicanos (Pemex) following the December 2013's sweeping energy reforms. After 12 hours of debate and hearing from more than 50 senators…
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…
DNV GL announced a road map to what is necessary to be in compliance with US Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in US waters, the regulatory agency announced on 17 July 2014. The document called “Verification…
The PSVM project subsea layout. Images from BP. BP’s Field of the Future program has been put into action on the PSVM development offshore Angola. Elaine Maslin reports. BP’s deepwater PVSM…
Atwood Oceanic’s Atwood Achiever drillship, nearing completion at Daewoo Shipbuilding and Marine Engineering’s yard in Korea. Photo from Atwood Oceanics. Exploration offshore Ireland has yet…
A second production well on Nexen Petroleum's Blackbird field in the UK North Sea has reached 7000bbl/d under a constrained production test, according to partner Atlantic Petroleum. The well, 20/02a-B3, was constrained by surface equipment…
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…
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…
An energy industry consortium set up to tackle the key challenge of enhancing oil recovery from reservoirs has started its mission by holding a kick off meeting to execute its plan of action. The €3.9 million project named OPTION – Optimizing…
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…
Continual expansion of unconventional oil and gas development seen over the next decade - most notably in the US, but also around the globe - will necessitate steadily increasing proppant sales over the next 10 years. In the US, proppant…
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…