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It will provide re ... Harkand has secured a USD 5 million contract from Swiber Offshore Mexico to perform saturation divin ... Two Bumi Armada subsidiary companies secured USD 300 million worth of contracts from ElectroGas for ... Amec Foster Wheeler has been awarded a contract by BP worth more than USD 73 million. Tam International, which provides inflatable and swellable packers for the oil and gas industry, has ... Sanchez Energy closed a deal with a subsidiary of Sanchez Production Partners to sell wellbore and a ... Penn West Petroleum has entered into a USD 321 million agreement with Freehold Royalties to sell an ... Bonterra Energy has acquired Cardium formation-focused assets in the Pembina area of Alberta, Canada ... Petrobras has sold its assets in Argentina’s Austral basin to Compañia General de Combustibles for U ... Pemex signed an agreement worth USD 1 billion with private equity firmFirst Reserve to jointly inves ... Gulfport Energy entered into an agreement to acquire Paloma Partners III for USD 300 million. Apache sold its 13% stake in the Wheatstone LNG terminal in Western Australia and 50% interest in th ... Shell Petroleum Development Company of Nigeria completed the sale of its 30% interest in Oil Mining ... Oil and gas safety company Secorp opened a new office in Hobbs, New Mexico. Bill Barrett Corp. has signed agreements with several undisclosed recipients for the sale of the maj ... Encana said it will sell its remaining 54% stake in PrairieSky Royalty via a USD-2.4-billion Cardinal Energy entered into an agreement with an unnamed seller to acquire assets whose total daily ... Petrobras has awarded a contract, worth USD 465 million over a period of 5 years, to Aker Oilfield S ... CGG received contracts for the 3D seismic acquisition of four surveys using its marine broadband tec ... IKM Subsea, a subsidiary of IKM Group, has been awarded a contract by Eni Indonesia to provide remot ... OneSubsea, Schlumberger, and Helix Energy Solutions signed a letter of intent to develop technologie ... Premier Hytemp has committed to opening a USD-20-million, 67,000-ft2 precision engineering facility ... Expro has constructed a new 20,000‑m2 facility in Macaé, Brazil.
Africa (Sub-Sahara) Shell has initiated a two-well drilling program in blocks 1 and 4 of the Mafia Deep basin offshore Tanzania. Drilling is taking place in water depths of up to 7,545 ft, with the company and its joint-venture partners Pavilion Energy and Ophir Energy investing almost USD 80 million in the program. The two wells will meet the remaining requirements in the exploration licenses issued by the Tanzanian Ministry of Energy and Minerals. Asia Pacific Petronas has begun gas production from the world's first floating liquefied natural gas (FLNG) facility, the PFLNG SATU, at the Kanowit field offshore Malaysia's Sarawak state. The first-gas milestone marked the onset of commissioning and startup for the FLNG facility, preceding commercial production and initial cargo shipment. The facility is fitted with an external turret for operating in water depths of 229 ft to 656 ft. It will extract gas through a flexible subsea pipeline for the liquefaction, production, storage, and offloading of LNG at the field.
Africa (Sub-Sahara) Oranto Petroleum has signed two production-sharing agreements (PSAs) with Uganda for oil and gas exploration around Lake Albert, the Nigerian company said. The deal covers the Ngassa Shallow and Ngassa Deep plays in blocks near the southern part of Lake Albert, according to the Uganda Ministry of Energy and Mineral Development. The pacts closely followed the signing of a PSA by Australia's Armour Energy that covers the Kanywataba block, a 133-square-mile area that was relinquished by three international companies in 2012 after failed exploration attempts. The agreements with Oranto and Armour involve acreage that was offered in Uganda's first competitive exploration licensing round last year. Uganda discovered oil in 2006 in the Albertine rift basin along the Democratic Republic of Congo border.
Dominion Energy said that the first vessel carrying liquefied natural gas (LNG) from the newly built Cove Point LNG export terminal at Lusby, Maryland, left the facility on 2 March, another sign of the growing global importance of United States shale-resource production. The Shell LNG tanker Gemmata departed for an unknown destination with a full cargo, according to an energy data provider whose cameras observed the loading process from a distance. Located in Chesapeake Bay, Cove Point was built as an LNG import terminal. Dominion has invested approximately $4 billion to add export facilities, which were still being commissioned when the Gemmata departed. Cove Point is the second big LNG export terminal in the contiguous 48 US states, following the startup of exports from Cheniere Energy's Sabine Pass terminal in Louisiana in 2016.
It is the first time the country was a net exporter of crude and petroleum products during a month since the US Energy Information Administration began keeping such records in 1973. A new report predicts that US output will rise to a new record high of 12.1 million B/D in 2020. Even though exports are rising to more than 1.6 million B/D, the US is facing a new bottleneck at its port facilities. The US is emerging as a gas-exporting nation, and that is going to mean big changes globally. One of the world’s leading energy watchers says the second shale revolution will come in the form of LNG exports.
ConocoPhillips agreed to sell its 30% interest in the Greater Sunrise Fields to the government of Timor-Leste for $360 million. The transaction is expected to close in the first quarter of 2019. The sale gives the government interest in the Woodside-operated Greater Sunrise liquefied natural gas (LNG) project that stalled because of the maritime border dispute between Timor-Leste and Australia. The project received a major boost in March this year when the two governments signed a treaty establishing permanent maritime boundaries as well as a framework to jointly develop the Greater Sunrise gas fields. The fields were discovered in 1974 and hold gross contingent resources of 5.13 Tcf of gas and 225.9 million bbl of condensate, according to Woodside.
While the floating liquefied-natural-gas (FLNG) option initially looked promising, high capital expenditure and very high operational expense (OPEX) have limited its potential application, with four potential FLNG projects being canceled in Australasia in the last 2 years. This paper describes a split-process FLNG design where primary production and gas-treatment functions are provided on a host platform while liquefaction occurs on a separate vessel.
Asia Pacific Santos discovered gas with the Corvus-2 well in the Carnarvon Basin, offshore Western Australia. The well, located in permit WA-45-R, in which Santos has a 100% interest, reached a total depth of 3998 m. It intersected a gross interval of 638 m, one of the largest columns discovered across the North West Shelf. Wireline logging to date has confirmed 245 m of net hydrocarbon pay across the target reservoirs. Total SA and partners ExxonMobil and Oil Search have signed a gas agreement with the government of Papua New Guinea that defines the fiscal framework for the Papua LNG project in the country's Eastern Highlands. The plan involves construction of three 2.7-mtpa LNG trains on the existing PNG-LNG plant site at Caution Bay just west of Port Moresby.
US Court decisions put two major pipelines on hold and led to the cancellation of another pipeline project within days of each other. The sale of the Appalachia position is in line with Shell’s strategy to focus on its shales strategy. A producer in the Marcellus Basin selected Edge Gathering Virtual Pipelines 2 to capture and liquefy gas from its stranded wells in Tioga County. Initial operation is underway and is set to be ongoing until at least 2022. The projects are intended to accelerate the development and commercialization of treatment technologies to reduce waste water that is being injected into disposal wells and increase water supplies for reuse.