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Upstream news updates

 

Tethys Oil AB: production update

Tethys Oil's share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in June 2017 to 375 333 bbls of oil, corresponding to 12 511 bpd.

Ichthys LNG Project’s giant FPSO sails away

The INPEX-operated Ichthys LNG Project’s floating production, storage and offloading (FPSO) facility–Ichthys Venturer–safely sailed away from waters near its construction site in Okpo, South Korea en route to Australia.

MRC Global awarded Johan Castberg contract

MRC Global Norway AS is set to provide high alloy valves, manifolds, fittings, tubing, enclosures, tube clamps and other items for Statoil’s Johan Castberg project.


More oil news updates

Horizon Oil strengthens acreage position in Papua New Guinea

Horizon Oil is pleased to advise that it has increased to about 28% its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 - 2.5 tcf gas and 60 - 70 million bbls of condensate.

 

Enagás makes a net profit of €269.1 million

This figure includes the accounting impact produced by the full consolidation of the Quintero LNG plant in Chile, included since January 2017. Taking this into account, net profit has increased by 25.6% on the same period last year.

 
 

Panoro moves forward with Dussafu oilfield development

Pan Petroleum Gabon B.V., one of Panoro Energy ASA’s subsidiaries, has approved the operator’s proposed work programme and budget to move forward with the development of the Dussafu oilfields.

 
 

Saudi Aramco awards Marjan oilfield FEED services

WorleyParsons has been awarded the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities portion and the onshore upstream and downstream pipelines portion of Saudi Aramco’s Marjan Oil Field Development Program.

 

The Weir Group PLC trading update

In recent weeks, upstream North American markets have recovered more strongly than formerly anticipated. Higher levels of frack fleet utilisation and significant tightening of industry capacity are both benefiting the Group’s Oil & Gas division.

 
 
 
 
 
 

AWE: Waitsia-4 drilling update

Waitsia-4 was spudded on 10 July 2017 and is forecast to take approximately five weeks in total to complete.

 

Statoil: small gas discovery in the Barents Sea

The discovery was made in the Blåmann well, between the Snøhvit and Goliat fields in the Barents Sea. Recoverable volumes are estimated at 2 - 3 billion standard m3, approximately 10 - 20 million boe.