Equinor and partners started production from Oseberg Vestflanken 2 field in the North Sea using the first unmanned platform on the Norwegian Continental Shelf. Remotely operated from the field’s center, the new Oseberg H platform is fully automatic and serves as a pilot. Source: News
Lukoil advances V. Filanovsky development
Lukoil soon will start drilling the sixth production well in second-phase development of Vladimir Filanovsky oil field in the Caspian Sea as a recently completed fifth well holds total production at 6 million tonnes/year. The fifth well, with a main wellbore of 2,956 m and a lateral of 1,735 m, produced at an initial rate […]
Aker BP plans King Lear satellite development following acquisition
Aker BP has agreed to acquire Equinor Energy’s 77.8% interest in the King Lear gas-condensate discovery in the Norwegian North Sea for $250 million with plans to develop it as a satellite to Ula field. Source: News
QP to operate Idd El-Shargi North Dome field
Qatar Petroleum will become operator of offshore Idd El-Shargi North Dome oil field when its development and production sharing agreement with Occidental Petroleum of Qatar Ltd. expires in October 2019. Discovered in 1960, the field is 85 km off Doha. Source: News
MARKET WATCH: Crude oil prices rise on US-Saudi tensions
Light, sweet crude oil rose modestly for the November contract to settle above $71/bbl on the New York market Oct. 12 while Brent crude oil for the December contract held above $80/bbl in London. Oil prices continued their upward momentum in early trading Oct. 15 after US President Donald Trump said the US would impose […]
Victoria slows AGL Energy’s LNG plans
Sydney-based AGL Energy’s plans to establish an LNG import terminal at Crib Point in Victoria by 2021 will be delayed following the Victorian government’s call for the company to submit a full environmental assessment of the project. Source: News
Woodside lets FPSO contract for proposed Browse-NWS LNG project
Woodside Petroleum Ltd., Perth, has let a contract for the concept definition and engineering of two natural gas floating production, storage, and offtake facilities for its proposed Browse—North West Shelf LNG development off Western Australia. Source: News
What’s really doomed in new IPCC report? Politics of hysteria
If doom really exudes from the Intergovernmental Panel on Climate Change’s latest jeremiad, it relates more to politics than planetary temperature. Source: News
BP’s Dudley calls fossil fuel divestment movement counterproductive
BP CEO Bob Dudley strongly criticized oil and gas critics’ calls for investors to sell their holdings in fossil fuel companies and invest in renewable alternatives instead. “They push for potentially confusing disclosures, raise the specter of a systemic risk to the financial system from stranded assets and campaign for divestment—all in an effort to […]
Baker Hughes: US rig count jumps 11 units to 1,063
The US drilling rig count jumped 11 units to 1,063 rigs working for the week ended Oct. 12, according to Baker Hughes data. The count is up 135 units from the 928 rigs working this time a year ago. All 11 rigs were attributed to those drilling on land as the number increased 11 units […]