Chevron started production of liquefied natural gas (LNG) and condensate at its $54bn Gorgon project on Barrow Island off the north-west coast of Western Australia.
The company expects to ship first cargo of LNG next week.
Gas for the Chevron-operated project comes from the Gorgon and Jansz-Io gas fields located between 130km and 220km off the north-west coast of Western Australia.
Woodside Petroleum decided to put its $40bn Browse floating liquefied natural gas (FLNG) development in offshore Western Australia on hold due to low oil prices.
The news follows completion of front-end engineering and design (FEED) work for the project.
Meanwhile, the company plans to pursue further capital efficiencies for the Browse project and will work with the joint venture (JV) participants to prepare a new work programme and budgeting proceeding with development activities.
US President Barack Obama announced plans to exclude waters off the Atlantic coast from drilling due to existing market dynamics, local opposition and conflicts with competing commercial and military ocean uses.
US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) director Abigail Ross Hopper announced the proposal for the nation's Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-22.
The latest programme assesses 13 potential lease sales in six planning areas, ten potential sales in the Gulf of Mexico and three potential sales off the coast of Alaska and excludes lease sales in the mid and South Atlantic Program Area.
India's state-owned Oil and Natural Gas (ONGC) announced plans to invest $5.07bn to develop fields in Cluster 2 of the deepwater NELP Block KG-DWN-98/2.
Cluster 2A estimated in-place reserves of 94.26 million tonnes of crude oil and 21.75 billion cubic metres (BCM) of associated gas and Cluster 2B has estimated reserves of 51.98BCM free gas.
Production from Cluster 2A oil fields is expected at a peak oil rate of 77,305bopd and 3.81 million standard cubic meters per day (MSCMD) of associated gas through 15 producer wells with 12 water injection wells with a peak water injection rate of 9,400m³/d.
The Supreme Court of Israel ruled against a deal between the country's government and a US-Israeli consortium to develop offshore natural gasfields.
US-based Noble Energy and Israeli partner Delek Group are main stakeholders in the gasfields.
The latest decision gave Parliament one year time to change the plan, and came as a blow to Israeli Prime Minister Benjamin Netanyahu who supported the deal.
Emerson Process Management was selected to automate the Maersk Oil's Culzean gas field development in the North Sea, UK.
Maersk and its co-venturers are investing around $4.5bn in the field, which is expected to meet around 5% of the country's total demand.
Three offshore platforms supporting 12-slot wellheads will house a central processing facility, control room, and living quarters.
A crane boom collapsed at Sembcorp Marine's Jurong shipyard in Singapore, injuring personnel and damaging Noble's newbuild jackup rig, the Noble Lloyd Noble.
The incident took place after a shipyard crane boom operating near the rig collapsed and damaged one area of the structure, including the crane.
Noble said that its rig Noble Lloyd Noble is in the late stages of construction at the shipyard.
UK-based oilfield services provider Petrofac launched a new Department of Energy and Climate Change (DECC) approved online training course to address oil spill preparations.
The DECC Level 1 course has been designed for personnel ready to undertake the role of offshore on-scene commander (OSC) during an oil spill incident. It was created in consultation with industry offshore installation managers (OIM).
Under the new course, training would be offered with regard to the UK's regulatory requirements during an oil spill.
UK-based Acteon Group subsidiary 2H Offshore launched its new software 'FlawIQ', which helps perform accurate fatigue assessments for offshore components.
The new engineering critical assessment (ECA) software automates BS7910, as well as API 579 standards and makes it easier to perform the assessments.
The web-based FlawIQ tool eliminates the need for multiple software tools and helps operators save time and money.
Aker Solutionsannounced plans to streamline its subsea business in Norway, a decision that will lose 600 jobs.
The company's latest move at the time of continued market slowdown comes in a bid to support leaner processes and improve overall operations.
The layoffs are expected to take place at facilities in Fornebu, Moss, Tranby and Ågotnes.