Thai oil company PTT Exploration and Production Pcl said on the 19th December that it was planning total expenditure of US$3.1 billion in 2018, up a touch from the US$2.9 billion it earlier estimated for expenditure in 2017. That comes after the company, part of the…
Eni Norge plans to drill two production wells on the Goliat field in the Barents Sea, and the Goliat West appraisal well. The company says it has identified further exploration potential in the area. Any commercial finds should increase the recovery rate and further…
VNG Norge, on behalf of the licensees in PL586, has submitted to the Ministry of Petroleum and Energy the plan for development and operation for the Fenja field in the Norwegian Sea. Fenja (previously named Pil/Bue) will be developed with two subsea templates with…
Metal reprocessing, tubular supply and decommissioning company John Lawrie Group has expanded its activities and service offering by acquiring the assets of 60 North Recycling in Shetland. The Aberdeen-based John Lawrie Group said on the 19th December that the purchased site was previously occupied…
Malaysian national oil company Petronas has approved JX Nippon Oil & Gas Exploration’s development plan for the Beryl gas field offshore Sarawak. According to JX Nippon’s statement on the 20th December, Petronas agreed for JX Nippon’s subsidiary, JX Nippon Oil & Gas Exploration (Malaysia)…
Repsol has submitted a new Plan for Development and Operation (PDO) for Yme field, in the North Sea. More than eight billion kroner will be invested in the development. The planned start-up is 2020. The plan is to develop Yme using existing facilities which…
Total has committed to invest in the first large-scale development phase of the deepwater Libra project in the presalt Santos basin, 180 kilometres (112 miles) offshore Rio de Janeiro. The Petrobras-led consortium will commission an FPSO with a production capacity of 150,000 b/d of…
Iraq plans to use drones to monitor and protect its oil export and production pipelines from the first quarter of 2018, an oil ministry spokesman said on the 18th December. Oil Minister Jabar al-Luaibi has asked the ministry to seek out professional security companies…
The Groupement Reggane Nord (GRN) consortium, of which DEA is part with a 19.5% stake, has announced that production from four out of six Reggane Nord gas fields commenced successfully on the 13th December. The first wells have been put in production. A total…
Statoil and Petrobras have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos basin in Brazil. The transaction nearly triples Statoil’s production in Brazil, with attractive break-evens and potential for additional value creation for both parties…
