Archive for the ‘Offshore Projects’ Category
OMV Group’s Maari oil field in the Taranaki basin offshore New Zealand’s north island is being progressively brought back on stream this week.
Samsung Heavy Industries Co. Ltd. reported being awarded an order to build a floating production platform for the Mad Dog Phase 2 project in the Gulf of Mexico.
Energean Oil & Gas SA, Athens, has followed its August 2016 commitment to develop deepwater Karish and Tanin natural gas and condensate fields offshore Isreal. It announced a development plan using a floating production, storage, and offloading ves…
China National Offshore Oil Corp. Ltd. reported startup of oil production from Penglai 19-9 field in the northern Bohai Bay. Two wells are producing 750 b/d.
Final investment decisions (FID) are expected to double globally in 2017 while exploration and production spending will increase for the first time since 2014, according to Wood Mackenzie Ltd.’s global upstream outlook.
Australia and Timor Leste have jointly announced an agreement to abandon the temporary treaty that regulates maritime boundaries in the Timor Sea and has given rise to a long-running dispute over sharing revenues from oil and gas.
The US Bureau of Ocean Energy Management extended the deadline by 6 months for offshore oil and gas operators to implement a risk management and financial assurance program for decommissioning facilities under a notice to lessees it issued in September…
Maersk Oil, a wholly owned subsidiary of AP Moller-Maersk AS of Copenhagen, says it will shutter production from Tyra field of the Danish North Sea in October 2018, citing the absence of an economically viable solution for full recovery of the field’s remaining resources.
Ivar Aasen oil field in the Norwegian North Sea has begun producing (OGJ Online, Oct. 25, 2016). Oil production began Dec. 24, some 4 years after the plan for development and operation was submitted.