Integrated Oil & Gas

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Total starts-up production at Laggan-Tormore in Shetland

Monday, 8 Feb 2016 02:20am EST

Total SA:Says it has started-up production from the Laggan and Tormore gas and condensate fields, located in 600 meters of water in the West of Shetland area.The fields will produce 90,000 barrels of oil equivalent per day (boe/d).

Total starts up Moho Phase 1B deep offshore project

Friday, 11 Dec 2015 02:35am EST

Total SA:Starts up Moho Phase 1B deep offshore project in the Republic of the Congo.Project has production capacity of 40,000 barrels oil equivalent per day.

Statoil hopes to drill on new Arctic acreage in 2017-Reuters

Thursday, 3 Dec 2015 02:36am EST

Statoil ASA:Says in a statement announcing it had applied for acreage that it aims to drill for oil and gas in the Arctic Barents Sea in 2017-Reuters.Is expected to announce the outcome of the 23rd licencing round on the country's continental shelf by mid-2016.

Novatek OAO launches commercial production at Yarudeyskoye Oil Field

Tuesday, 1 Dec 2015 01:30am EST

Novatek OAO:Announces the start of commercial production at the Yarudeyskoye oil field.Says the field is expected to rapidly reach its planned daily production level of around 3.5 million tonnes of crude oil per year.He Yarudeyskoye oil field is developed by Yargeo, a joint venture between Novatek (51 percent) and Nefte Petroleum Limited (49 percent).

Eni SpA gets green light to develop 3 oilfields offshore Mexico- Reuters

Monday, 30 Nov 2015 07:00pm EST

Eni SpA:Signs production sharing contract for development of Amoca, Mizton and Tecoalli oil fields in offshore Mexico- Reuters.Awarded rights to develop the fields on Sept. 30.Combined oil volumes in place about 800 million barrels of oil and 480 billion cubic feet of gas.

Statoil makes minor North Sea oil discovery-Reuters

Friday, 20 Nov 2015 02:39am EST

Statoil ASA:Statoil Petroleum, operator of production licence 120, has completed drilling of exploration well 34/8-16 S-Reuters.Says preliminary calculations of size of discovery are between 0.4 and 1.1 million cubic meters of recoverable oil equivalents.Norwegian petroleum directorate says licensees will consider further development of discovery in context of other potential additional resources.The well was drilled on the east flank of the Visund field in the northern part of the North Sea, and about 140 km northwest of Bergen.Other partners include Petoro, ConocoPhillips and Total.

Eni SpA signs agreements in Egypt, to prompt over $2 billion investments-Reuters

Wednesday, 11 Nov 2015 07:00pm EST

Eni SpA:Signs concession and amendment agreements for petroleum exploration in Egypt-Reuters.Agreement will lead to investments of more than $2 billion.

Eni SpA makes new discovery in offshore Congo

Thursday, 5 Nov 2015 05:55am EST

Eni SpA:Makes new gas and condensate discovery about 20 kilometers offshore Congo in the Marine XII block, 3 kilometers from Nene Marine field that is already in production.Discovery has potential of 250-300 million barrels of oil equivalent in place.

Statoil to explore offshore Mozambique

Friday, 30 Oct 2015 07:00am EDT

Statoil ASA:To explore offshore Mozambique.Company has together with partners submitted a winning bid on the A5-A block offshore Mozambique.The Eni ENI.MI led partnership will subsquently enter into talks with the authorities.The minimum work program includes seismic and three commitment wells.The Angoche area is a very promising frontier basin with significant oil potential.

Statoil to explore off coast of South Africa

Thursday, 29 Oct 2015 01:58am EDT

Statoil ASA:Statoil to explore offshore South Africa.Has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited, acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Right.Says represents access into a frontier basin where Statoil there is indications of an active petroleum system and which has impact potential.The Tugela South Exploration Right covers an area of about 9,054 square kilometres.It is located offshore eastern South Africa in water depths up to 1,800 metres.Work commitments between 2015 and 2017 include the acquisition of 1,000 square kilometres of 3D seismic data and geology and geophysics (G&G) studies.There are no commitment wells during this exploration period.The information obtained from the initial studies and seismic survey will form the decision basis for the co-venturers’ next steps in the Exploration Right.

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