Archive for the ‘Offshore Projects’ Category
State Oil Co. of the Republic of Azerbaijan (SOCAR) and BP PLC-operated Azerbaijan International Operating Co. (AIOC) have signed a letter of intent for future development of Azeri-Chirag-Gunashli (ACG) field off Azerbaijan in the Caspian Sea.
Total to buy $2.2 billion in Petrobras upstream, downstream assets
December 21st, 2016 by Latest News
Total SA has agreed to acquire $2.2-billion in upstream and downstream assets from Petroleo Brasileiro SA (Petrobras) as part of the firms’ strategic alliance announced in October.
Cygnus natural gas field in the southern gas basin of the UK North Sea has started producing.
Esso Exploration and Production Guyana Ltd. (EEPGL), an ExxonMobil Corp. subsidiary, has let contracts to SBM Offshore NV for a floating production, storage, and offloading (FPSO) vessel for Liza field offshore Guyana.
Royal Dutch Shell PLC has started oil production from the Malikai tension-leg platform (TLP), 100 km offshore the Malaysian state of Sabah. Peak production is expected to reach 60,000 b/d.
Husky Energy Inc., Calgary, reported on plans to spend $2.6-2.7 billion (Can.) in capital expenditures in 2017, an increase over this year’s likely $2-billion tally.
Norway regulators authorize Faroe to operate Oselvar, Tyym in North Sea
December 12th, 2016 by Latest News
Norway’s Petroleum Safety Authority (PSA) has authorized Faroe Petroleum Norge to take over operatorship of Oselvar and Trym fields in the southern Norwegian North Sea from Dong E&P Norge AS.
Partners in the Leviathan natural gas project offshore Israel plan to start gas production by yearend 2019. Stage 1A of the development plan has a proposed budget of $3.5-4 billion with estimated capacity of 12 billion cu m of gas/day, according to rep…
Israel approves Karish, Tanin acquisition
December 7th, 2016 by Latest News
Energean Oil & Gas, Athens, has received Israeli government approval to acquire 100% interests in offshore Karish and Tanin natural gas fields and expects to start production in 2020.
Murphy Oil Corp. subsidiary Murphy Exploration & Production Co.-USA has let a deepwater integrated subsea engineering, procurement, construction, installation, and commissioning contract to Subsea Integration Alliance (SIA).