22 Mar 18Israel: Energean takes FID on Karish & Tanin gas project
Energean Oil & Gas has announced that its Board of Directors has approved the Final Investment Decision ('FID') to proceed with the $1.6 billion Karish & Tanin Development Project, offshore Israel.
22 Mar 18Norway: Statoil awards Askeladd development contracts
Statoil has awarded a contract for pipelaying to Subsea 7 and for marine operations to Ocean Installer in the Askeladd field development. Subsea 7 will lay a 44 km pipeline that will tie Askeladd to the Snohvit field.
22 Mar 18Russia: NOVATEK awarded Payutskiy Licence Area on the Gydan peninsula
NOVATEK has won the bid for a geological survey, exploration and production licence for the Payutskiy subsoil area. The Payutskiy licence area is located in the Krasnoyarsk Territory in close proximity to NOVATEK’s licenses on the Gydan peninsula and contains the Nanadyanskoye gas field.
22 Mar 18UK: Chrysaor buys three North Sea fields from Spirit Energy
North Sea oil and gas producer Chrysaor has agreed to acquire stakes in three aging fields from Spirit Energy. Chrysaor, which last year acquired a large portfolio of assets from Royal Dutch Shell, will become the sole owner of the Armada, Maria and Seymour fields following completion of the deal.
22 Mar 18Indonesia: Range Resources to restart production at the Perlak field, Indonesia
Range Resources has announced plans to restart production at the Perlak field, onshore Indonesia. The planned work programme is targeting first oil production in mid-2018 and is expected to add up to 200 bopd of production.
22 Mar 18US: Australis raises funds for US shale drilling
Australis Oil & Gas has raised A$39.2 million for drilling in the Tuscaloosa Marine Shale (TMS) in the second half of 2018.
21 Mar 18India: Petrofac expands activity in India with second EPC contract in 2018
Petrofac has been awarded a contract by Hindustan Petroleum Corporation Limited (HPCL) for its Sulphur Recovery Unit (SRU) Block Package for the Visakh Refinery Modernisation Project (VRMP), Visakhapatnam, Andhra Pradesh, India.
21 Mar 18GoM: Interior announces results of Gulf of Mexico Lease Sale 250
Gulf of Mexico Lease Sale 250 generated $124,763,581 in high bids for 148 tracts covering 815,403 acres in federal waters of the Gulf of Mexico. A total of 33 companies participated in the lease sale, submitting $139,122,383 in bids.
21 Mar 18Norway's production decreases in February 2018
The Norwegian Petroleum Directorate reports that preliminary production figures for February 2018 show an average daily production of 1,944,000 barrels of oil, NGL and condensate, which is a decrease of 83,000 barrels per day compared to January.
21 Mar 18UK: Hat-trick of major topsides decommissioning awards worth £10m sees PD&MS as UKCS market leader
Leading international engineering company, PD&MS Group, has secured a trio of contracts worth more than £10 million across three major North Sea late-life projects in the last six months, making the firm the UKCS market leader in the area of engineering and construction of topside modifications for the decommissioning sector.