International

US$3.5 billion Leviathan gets green light

Noble Energy, Inc. has announced that it has sanctioned the first phase of the US$3.5 Leviathan natural gas project offshore Israel, with first gas targeted for the end of 2019. Noble Energy is the operator of the Leviathan Field, which contains 22 trillion cubic feet (Tcf) of gross recoverable natural gas resources. Leviathan is Noble’s third major natural gas development offshore Israel. “Bringing Leviathan online will expand Israel’s supply of

P-66 FPSO sets sail for Lula field

THE floating production, storage and offloading vessel (FPSO) P-66 has successfully sailed from the Brasfels shipyard in Angra dos Reis, Rio de Janeiro. It is now heading to the Lula Sul module in the Lula field, Santos Basin pre-salt, where it is expected to arrive in the next few days. The production system will come online after the vessel has been moored and the first production well has been connected. 

UK firms heading to AOG 2017 show confidence in local market

AUSTRALIA has been identified as one of the key targets for British subsea companies according to a new survey conducted by Subsea UK – a major participant in AOG 2017. Offshore USA, West Africa, South East Asia and Australia were identified as the major markets for UK subsea service suppliers in what they believe is an improving market. According to the 300 member companies surveyed by Subsea UK, 27% are

Premiere Eastern has war chest for Chinese expansion

A CASHED up Premiere Eastern Energy to investigate new growth opportunities in the Chinese market. The ASX-listed Chinese petroleum market specialist recently reported that it has entered 2017 with a strong cash and cash equivalent position of A$126 million. The company that strong balance sheet position will allow it to take advantage of the current difficult oil price environment to seek opportunities to grow revenues. Premiere Eastern said this will

Schlumberger says US will lead industry growth return in 2017

GLOBAL oilfield services giant Schlumberger is the latest company to suggest that 2017 will be the year the petroleum industry begins is climb out of the recent doldrums. Releasing their latest quarterly report, Schlumberger said that a tightening of the global oil and gas supply and demand balance in the second half of 2016 had been further strengthened by the December OPEC and non-OPEC agreements to cut production. The company

ExxonMobil pays US$5.6B to more than double its US Permian Basin oil assets

                              Exxon Mobil Corporation has moved to more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 billion barrels of oil equivalent in New Mexico’s Delaware Basin, a highly prolific, oil-prone section of the

BP approves Mad Dog Phase 2 project

BP has sanctioned the Mad Dog Phase 2 project in the United States, highlighting its long-term commitment to the country despite the current low oil price environment. Mad Dog Phase 2 will include a new floating production platform with the capacity to produce up to 140,000 gross barrels of crude oil per day from up to 14 production wells. Oil production is expected to begin in late 2021. “This announcement

Platts maps uncompleted wells

INTERNATIONAL energy market specialist S&P Global Platts has launched Platts WELLSCAPE P2P, a new product to help upstream market analysts identify drilled but uncompleted (DUC) wells. Platts, through its recent acquisition of RigData, has leveraged the experience and data history necessary to meet market demand for insight into the status of the in ground oil and gas inventory. “Platts WELLSCAPE P2P has been developed based on the needs of three

FPSO work for Aqualis in Brazil

AQUALIS Offshore has been awarded contracts to provide marine warranty services to three different FPSO projects in Brazil. Modec has appointed the marine and offshore engineering consultancy to act as marine warranty surveyor for the integration of the MV29 FPSO at BrasFELS shipyard in Rio de Janeiro, Brazil. BrasFELS, meanwhile, has appointed Aqualis Offshore to provide marine warranty services for the marine operations and departure of the P-66 and P-69

Record breaking fracking sand train move

HALLIBURTON and U.S. Silica Holdings, Inc. have moved a record breaking unit train carrying nearly 19,000 tons of U.S. Silica White frac sand from Ottawa, Illinois to Elmendorf, Texas. The train is the largest frac sand unit of its kind shipped to date in North America. “Utilising sand unit trains enables Halliburton to respond to customers’ needs on a shorter timeline and deliver cost efficient sand on location to drive