A consortium of investors plans to develop Uzbekistan’s “25 Years of Independence” gas field in the Surkhandarya region in the southern part of the country. The first of two stages will begin 2017-18 with the drilling of a confirmation well and developing a feasibility…
Operators will perform decommissioning on 349 oil and gas fields in the North Sea during 2017-25, more than half of them in UK waters, according to an annual report by Oil & Gas UK. Decommissioning will occur on 214 fields off the UK, 106…
Phase II production from Weizhou 12-2 oil field has been brought on stream, CNOOC Ltd said of its project in Beibu Gulf in the South China Sea. The oil field lies in 35.7 metres of water. In addition to existing Weizhou 12-2 oil field…
Exxon Mobil has started production ahead of schedule from the Hebron project offshore Newfoundland and Labrador. The Hebron platform consists of a stand-alone gravity-based structure, which supports an integrated topsides deck which includes living quarters and drilling and production facilities. The platform, which…
Dutch-based Verhoef has been awarded the first contract for the delivery of aluminium freefall lifeboats with electric propulsion. The contract with AkerBP was signed in Stavanger on the 21st November on behalf of the Valhall Flank West project in Norway, and an optional agreement was…
Eni SpA has become operator of the Cabinda North Block in Angola under an agreement with state-owned Sonangol, the former operator. Eni describes Cabinda North as an onshore block in the little-explored northern part of the country. The companies also signed a memorandum…
Abu Dhabi National Oil Company plans capital investment of about US$100 billion during the next five years as it assesses Abu Dhabi’s unconventional resources and seeks downstream investments abroad. In a statement announcing Supreme Petroleum Council approval of its budget, the company said the…
Nexen Petroleum UK has contracted Maersk Drilling to drill three wells for the Buzzard Phase II development project in the UK central North Sea, starting next July. Buzzard is Britain’s largest producing offshore oil field. Estimated duration of the initial firm contract period…
Ophir Energy has secured a 12-month extension to the block R license offshore Equatorial Guinea until end-December 2018. The concession includes the proposed Fortuna FLNG project. Ophir and its partners in the project have been in talks with Chinese banks on financing options….
Exxon Mobil Corporation Chief Executive Darren Woods is reorganising the company’s refining operations, part of a push to boost profits amid volatile oil and natural gas prices, the company said on the 27th November. The changes at the world’s largest publicly traded oil producer…
