Offshore

Source: Rosneft

Charleston City Council Votes Against Offshore Drilling

Some council members wanted more time to consider the matter

Charleston City joined over 40 other coastal communities that have decided to vote against allowing offshore drilling near the coast. The city council voted 7-5 to support a resolution opposing …

March 25, 2015 - 6:19 pm Offshore, Oil and Gas 360 Articles, Regulatory
Oil Majors Expanding Offshore Operations in Myanmar

Oil Majors Expanding Offshore Operations in Myanmar

Chevron signed a production sharing contract in its 2.6 million acre A5 block offshore Myanmar

Chevron Corp. (ticker: CVX) has signed a production sharing contract (PSC) with Myanma Oil & Gas Enterprise (MOGE) to explore oil and gas in the …

March 25, 2015 - 6:13 pm International, Offshore, Oil and Gas 360 Articles
Market Conditions Affect Latest BOEM Lease Sale

Market Conditions Affect Latest BOEM Lease Sale

Lease Sale 235 Generates Less than Half of Previous Sales in the Central GOM

The Bureau of Ocean Energy Management (BOEM), an energy arm of the Department of the Interior, concluded its Lease Sale 235 in the Central Gulf of …

CNOOC Starts Production at 36 MBOPD Offshore Project

CNOOC Starts Production at 36 MBOPD Offshore Project

China’s largest offshore producer announced that it has begun production at its offshore expansion project

China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced this week that it has begun production at its Qinhuangdao 32-6 Bohai Sea Map NOAA
comprehensive adjustment project. Once the …

March 11, 2015 - 6:15 pm International, Offshore, Oil and Gas 360 Articles
BP Finalizes $12 Billion Offshore Investment in Egypt

BP Finalizes $12 Billion Offshore Investment in Egypt

BP signed the final agreements for its West Nile Delta project last week

BP plc (ticker: BP) last week announced that the company signed its final agreements on the West Nile Delta (WND) project. The WND has the potential for …

Saudi Aramco Cancels Offshore Contract in Cost-Cutting Move

Saudi Aramco Cancels Offshore Contract in Cost-Cutting Move

The world’s largest oil producer canceled an offshore contract with Hercules Offshore

Saudi Aramco, the world’s largest oil producer, cancelled a contract with Hercules Offshore (ticker: HERO) last week, according to HERO. The termination of the contract for Hercules …

March 3, 2015 - 4:19 pm International, Offshore, Oil and Gas 360 Articles, OPEC
PetroQuest Energy Issues 2015 Forecast with Production & Reserves at Record-Highs

PetroQuest Energy Issues 2015 Forecast with Production & Reserves at Record-Highs

PetroQuest Energy (ticker: PQ), a micro-cap E&P focused on the Midcontinent and Gulf Coast regions, enters fiscal 2015 with its production volume and booked reserves at the highest in company history. Fiscal 2014 volumes of 118.7 MMcfe/d and reserves of …

Occidental Agrees to Two Year $500 Million Exploration Project in Abu Dhabi

Occidental Agrees to Two Year $500 Million Exploration Project in Abu Dhabi

Occidental will have a 30% share in an offshore exploration deal in Abu Dhabi

Occidental Petroleum (ticker: OXY) has agreed to a $500 million, two year offshore exploration deal in Abu Dhabi. OXY was one of eleven international oil companies …

February 16, 2015 - 6:51 pm International, Offshore, Oil and Gas 360 Articles
EnerCom’s The Oil & Services Conference™ 13 Primer

EnerCom’s The Oil & Services Conference™ 13 Primer

toscEnerCom, Inc. is pleased to present its 13th edition of The Oil & Services Conference™ from the Omni Hotel in San Francisco. The two-day affair will feature 34 presentations from E&Ps, OilService providers and industry experts from around the …

CNOOC Confirms one of China’s Largest Offshore Discoveries

CNOOC Confirms one of China’s Largest Offshore Discoveries

CNOOC’s discovery in the South China Sea has more than 100 Bcm in reserves 

China National Offshore Oil Corporation’s (CNOOC) deepsea natural gas discovery in the northern part of the South China Sea has certified reserves exceeding 100 Bcm (3,531 …

February 11, 2015 - 3:54 pm International, Offshore, Oil and Gas 360 Articles
New Discovery Off the Coast of Brazil

New Discovery Off the Coast of Brazil

Chairman of India’s Videocon says new discovery will be one of the lowest cost wells in the world

A consortium that includes a 50:50 joint venture between Bharat Petroleum (ticker: PBCL) and Videocon Industries (ticker: VIDEOIND), and Brazilian oil major …

February 4, 2015 - 5:39 pm International, Offshore, Oil and Gas 360 Articles
Source: Rosneft

CNOOC Begins Production at Offshore Project

15 Wells are Producing 7.6 MBOPD

China National Offshore Oil Corporation (CNOOC) announced today that its Jinzhou 9-3 comprehensive adjustment project has commenced production.

The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai with a water …

February 3, 2015 - 4:42 pm International, Offshore, Oil and Gas 360 Articles
New Greek Government Reviews Offshore Tenders

New Greek Government Reviews Offshore Tenders

The recent Greek elections have brought a new party to power that is rethinking offshore deals

Greece will review tenders offered on 20 offshore oil and gas blocks in the Ionian Sea and off southern Crete due to be signed …

February 3, 2015 - 4:07 pm International, Offshore, Oil and Gas 360 Articles
Companies Begin to Apply for Seismic Testing Offshore in the Atlantic

Companies Begin to Apply for Seismic Testing Offshore in the Atlantic

Two applications for seismic surveys have been submitted following the announcement from the Obama administration that it would open up portions off the east coast for offshore drilling. The two companies, Spectrum Geo and GX Technology, both Houston based companies, …

Source: Rosneft

Sanctions Prevent Russia From Resuming Drilling in the Arctic in 2015

Sources inside the company have confirmed that Rosneft will not be able to move forward in the Arctic for at least a year due to sanctions.

State-owned energy giant Rosneft (ticker: RNFTF) will not be able to continue drilling in …

New $7 Billion Ghana Offshore Project Set to Start Producing in 2017

New $7 Billion Ghana Offshore Project Set to Start Producing in 2017

1.45 Tcf gas, 5MMBO project is 12% of 2015’s Foreign Direct Investment in Africa: Ghana President

The government of Ghana, ENI (ticker: E) and Vitol yesterday signed an agreement to start work on the Offshore Cape Three Points (OCTP) oil …

January 28, 2015 - 1:38 pm International, Offshore, Oil and Gas 360 Articles
Oil & Gas Development on the East Coast Takes Next Step

Oil & Gas Development on the East Coast Takes Next Step

The United States Department of the Interior, in conjunction with President Obama, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Director Abigail Ross Hopper, released a Draft Proposed Program for development of offshore properties in an …

North Sea Project Begins Production

North Sea Project Begins Production

Det Norske announced today first production from offshore of Norway

Det Norske Oljeselskap ASA, in partnership with Core Energy AS and Lundin Norway AS (ticker: LUPE) announced the production of first oil from their offshore project in the Bøyla field. …

January 19, 2015 - 1:39 pm Offshore, Oil and Gas 360 Articles
Gulf of Mexico Continues Strong Performance, Even as Oil Prices Remain Low

Gulf of Mexico Continues Strong Performance, Even as Oil Prices Remain Low

Unconventional wells are becoming more economically difficult as prices remain low

With oil losing more than 50% of its value in six short months, United States shale producers are increasingly feeling the market squeeze as they struggle to competitively price …

CNOOC Announces ‘Mid-to-Large’ Offshore Natural Gas Find

CNOOC Announces ‘Mid-to-Large’ Offshore Natural Gas Find

New South Sea discovery tested to produce more than 35 MMcf/d

China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced yesterday a new “mid-to-large sized” natural gas discovery.

The find, Lingshui 25-1, is located in the northeast of Ledong Sag …

Chevron Announces Gulf of Mexico Find

Chevron Announces Gulf of Mexico Find

Chevron Corporation (ticker: CVX) has announced a “significant” oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico.

The Anchor #2 Well, which is located in Green Canyon Block 807, was drilled to a total depth of …

UPDATE: Leviathan Field “Monopoly” is Focus of Israel’s Anti-trust Regulator

UPDATE: Leviathan Field “Monopoly” is Focus of Israel’s Anti-trust Regulator

Update:

Jordan wants to wait until anti-trust decision is made before proceeding with Noble deal

Jordan suspended talks to import natural gas from Israel from Noble Energy (ticker: NBL) and will instead sign an agreement with BG Group (ticker: BG) …

January 5, 2015 - 12:19 pm International, Offshore, Oil and Gas 360 Articles
Low Prices Threaten North Sea Drilling

Low Prices Threaten North Sea Drilling

Falling oil prices threaten offshore oil and gas industry’s profitability in Britain’s North Sea

If Brent crude, the North Sea benchmark, remains in the $60 to $70 range, at least 85% of British offshore oil and gas resources in the …

December 30, 2014 - 6:20 pm International, Offshore, Oil and Gas 360 Articles
Petrobras: Release of External Auditor Reports will be Delayed

Petrobras: Release of External Auditor Reports will be Delayed

Petróleo Brasileiro S.A. (ticker: PBR), or Petrobras, will release its official Q3’14 financial results in January 2015 without the external auditors report from PricewaterhouseCoopers (PwC). The decision, announced on December 29, 2014, adds that PBR is “committed to releasing …

South China Sea Field Begins Production

South China Sea Field Begins Production

China National Offshore Oil Corporation (CNOOC) and its partner, Husky Energy (ticker: HSE) announced that their Liuhua 34-2 offshore gas field commenced operations on December 15, 2014.

The Liuhua 34-2 gas field is located in the Eastern South China Sea, …

December 17, 2014 - 2:33 pm International, Offshore, Oil and Gas 360 Articles
Chevron Announces First Oil from Offshore Project

Chevron Announces First Oil from Offshore Project

Chevron Corporation (ticker: CVX) announced this week that crude oil and natural gas production has begun at the Jack and St. Malo offshore project in the Lower Tertiary trend, deepwater U.S. Gulf of Mexico. Jack/St. Malo was delivered on time …

December 5, 2014 - 7:02 pm Offshore, Oil and Gas 360 Articles
Petrobras Announcements re Q3

Petrobras Announcements re Q3

Notices and Facts – Petrobras
Third quarter 2014 financial statements

 

Download  Icone-PDF

 

Rio de Janeiro, November 13, 2014 – Petróleo Brasileiro S.A. – Petrobras announces that it will not file its third quarter 2014 financial statements (ITR 3Q14) accompanied

November 14, 2014 - 10:22 am Offshore
VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

VAALCO Energy, Inc. (ticker: EGY) reported net income of $3.1 million ($0.05 per diluted share) in its Q3’14 earnings release, but the company is already anticipating results for the fourth quarter. The independent energy company based in Houston, Texas, is …

PetroQuest Energy through Nine Months of 2014:  Repeatable, Sustainable and Thunder

PetroQuest Energy through Nine Months of 2014: Repeatable, Sustainable and Thunder

More Hz Drilling in Cotton Valley and Woodford with a Gulf Coast Catalyst around the Corner

In a non-deal roadshow in mid-October, PetroQuest Energy (ticker: PQ) executives told investors and analysts that they expected the company would end 2014 …

Kenyan shilling gains on offshore investors; Safaricom sinks shares

By Portia Crowe NAIROBI (Reuters) – The Kenyan shilling strengthened for a second straight session on Thursday dollars flowed in from offshore investors. Stocks edged lower. The shilling closed at 88.90/89.00, stronger than Wednesday's 89.10/89.20. A surge of dollars, most …

October 16, 2014 - 11:30 am Energy RSS, Offshore