Anadarko EVP Mitch Ingram said that the Mozambique LNG project appears to be in position to take FID (Final Investment Decision) in the first half of 2019. Ingram was speaking at an energy conference this week.
He also noted that …
Shell’s recent $556 million sale of North Sea properties has not diminished the company’s interest in the basin, as Shell has approved its second North Sea project this year.
The Fram field is getting a …
Shell (ticker: RDS) continued its divestiture program today, selling assets in the North Sea and Malaysia for a combined $1.3 billion.
Shell is simplifying its position in the North Sea, selling its interests in two …
Hess Corporation (NYSE: HES) today announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Stabroek Block.
The well encountered approximately 256 feet (78 meters) …
Cheniere Energy, Inc. (NYSE American: LNG) announced today that it has reached a definitive agreement to acquire all of the publicly-held shares of Cheniere Partners Holdings (NYSE American: CQH). Cheniere Partners Holdings shareholders will receive a fixed ratio of 0.475 …
Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) has signed a definitive agreement to be acquired by a privately held Cox Oil affiliate that owns and operates assets in the Gulf of Mexico.
Cox will acquire all the outstanding shares of …
LUKOIL commissioned the third well at the second development stage of the Vladimir Filanovsky field in the Caspian Sea.
The third well is a bilateral horizontal oil producing well with main wellbore length of 3,795 meters and a lateral of …
Stabroek play offers an estimated 3.2 billion BOE
The Liza phase 1 development is approximately 120 miles offshore of Guyana in water depths of 5000-6200 feet. The play being developed is the Starbroek Block, which is …
From Reuters
RIO DE JANEIRO (Reuters) – Norway’s Equinor ASA and other oil majors bet big on pre-salt blocks in Brazil on Thursday, grabbing stakes in some of the world’s most alluring offshore geology despite renewed concerns about political meddling …
From MEHR NEWSAGENCY
Ali Afaraideh Ghiyassi, the Director for Project Planning and Control at Pars Oil and Gas Company (POGC) said on Thursday that 6 new oil platforms will be installed in Iran’s the supergiant South Pars Gas Field by …
From The Independent Barents Observer
It was AkerBP’s first well in the region in four years, and it was made only 25 km from the place where the company in 2014 made a small discovery of oil.
This time, the …
One of the largest LNG projects in Africa was put in peril today, as the largest backer of the Fortuna project pulled out.
Targeting deepwater LNG in Equatorial Guinea, Fortuna is expected to …
Shell Offshore, Inc. (ticker: RDS.A) started production early at the first phase of the Kaikias project, a subsea development in the U.S. Gulf of Mexico with estimated peak production …
Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent, according to the EIA’s newest report on Egypt. In recent years, the country has seen political instability accompanied by growing power …
Houston-based Gulf of Mexico producer Talos Energy Inc. (ticker: TALO) outlined the company’s strategy today in a new update.
The company projects 2018 pro forma production sales volumes of 18 – 19.5 MMBOE, or an average daily production 49 – …
From MarineLog
Wind farm installation specialist Seajacks UK reports that its largest and most advanced installation jack-up vessel, Seajacks Scylla, has successfully completed work on the biggest offshore wind farm project in the Irish …
From Bloomberg
BP Plc and ConocoPhillips are in discussions for an asset swap deal that would see the U.K. energy …
Energy XXI Gulf Coast (ticker: EGC) announced a unique deal today, divesting much of the company’s non-core assets to privately held Orinoco Natural Resources.
The properties eliminated are currently producing about 3 …
From 88.5 WMNF
Interior Secretary Ryan Zinke said again Thursday that there will be no new oil and gas platforms off the state of Florida; his position on drilling off the coasts of Florida has been confusing this year.
He …
From the Houston Chronicle
Matt McCarroll’s oil company recently emerged from bankruptcy with one of the largest positions in the Gulf of Mexico and plans to invest $750 million dispatching rigs over the next two years in its first drilling …
From MarineLog
MAY 1, 2018 — ABS reports that it has awarded the world’s first Managed Pressure Drilling (MPD) –Ready Notation to Ocean Rig for the ABS-classed Corcovado and Mykonos deep water drillships.
The …
Royal Dutch Shell’s (ticker: RDS.A) Shell Offshore Inc. finalized its investment decision for the deep-water development, Vito, located in the U.S. Gulf of Mexico.
The company said it estimates a forward-looking, breakeven price to be less than $35 per barrel.…
The Permian is setting new records for basin production, but it is far from the only location achieving all-time high oil output. The EIA reports the Gulf of Mexico produced an average of 1.65 MMBOPD, …
From Reuters
Interior Secretary Ryan Zinke said on Tuesday he will not lower royalty rates for offshore oil and gas lease sales “at this time” despite a recommendation from an advisory panel to do so.
Zinke cited the success of …
Fieldwood Energy LLC Closes Acquisition of Noble Energy’s Deepwater Assets
…
From NZ Herald
Prime Minister Jacinda Ardern has banned future offshore oil and gas exploration in New Zealand.
The only exploration likely to be contemplated by the new Government is on-shore exploration limited to energy-rich Taranaki.
There are more than …
From Bloomberg
Bahrain discovered the first oil on the Arab side of the Gulf in 1932. It took a long time for the small island …
From Reuters
The Philippines is looking to seal a pact with China within a few months to jointly explore for oil and gas in a part of the busy South China Sea waterway claimed by both countries, a Philippine official …
Norway’s Statoil has awarded contracts worth 11.4 billion Norwegian crowns ($1.5 billion) to three companies for the construction of a platform and other work on the second phase of its giant Johan Sverdrup oil field development.
The largest …
Brazil’s 15th Bidding Round raised over USD$2.4 billion – this sets a new record for Brazil’s auctions. According to the Brazilian National Petroleum Agency, the 15th round will generate investments of USD$361.6 million in the first/exploration phase of the concession …
