State-run Qatar Petroleum will re-develop the Bul Hanine offshore oil field with an investment of QAR40bn ($10.7bn) to extend its life and increase its output.
With the investment on the field off Qatar’s east coast, the company expects to produce 90,000bpd of crude oil by 2020, while it currently produces around 40,000bpd, reported Reuters.
Qatar Petroleum said that the magnitude of this investment reflects the scope of the project, which includes new offshore central production facilities and a new onshore gas liquids processing facility at Mesaieed.
An EnergyWire analysis report revealed that the number of spills at oil and gas production sites rose by around 18% in 2013, in spite of decline in the drilling activity rate.
According to the analysis, the US oil and gas industry was responsible for more than 7,662 spills, blowouts and leaks in 2013, which averages approximately 20 spills per day.
The EnergyWire report said that the combined spill volume added up to more than 26 million gallons of oil, gas, hydraulic fracturing fluid and other substances, roughly equivalent to 11 days worth of spillage from BP‘s ruptured Gulf of Mexico oil well.
ConocoPhillips discovered oil at Poseidon North-1 well in the WA-315-P Browse basin permit, offshore Western Australia.
Karoon Gas Australia, which owns a 40% stake in Poseidon North-1, interprets that the well intersected gas bearing sands of Jurassic age across a 20m-gross, 12m-net reservoir interval.
Karoon has interpreted this based on cuttings, mud gas and wireline log data, which was conducted after the well reached its final depth followed by a wireline logging programme.
UK-based BP received another blow in the ongoing court battle over the 2010 Gulf of Mexico oil spill, with a federal appeals court refusing to reconsider its previous ruling that businesses do not have to prove they were directly harmed by an oil spill to collect settlement payments.
The Associated Press reported that the order by New Orleans’ fifth US circuit court of appeals could be a move towards resumption of a claims process that was suspended after a district court ruling in December 2013.
The company has requested the court rehears the case after a three-judge panel’s ruling in March 2014.
BP has been trying to limit payments it has to make to businesses, arguing that the decision would allow businesses to recover fictitious losses.
Maersk Oil UK selected KBR London to provide front-end engineering design (FEED) services for the Culzean project in the UK North Sea.
The $4.7bn (£3bn) project is one of the largest gas discoveries in recent years in the UK.
It will have a new standalone facility for development by Maersk Oil and its co-venturers JX Nippon and Britoil.
The facility will comprise a complex of bridge-linked platforms, including a 12-slot wellhead platform (WHP), a central processing facility and utilities / living quarters.
The UK Department of Energy and Climate Change (DECC) received 173 applications from oil industry bidders for approximately 370 blocks in its latest offshore oil and gas licensing round, which closed applications on 25 April.
The licensing process allows oil and gas companies to explore new areas with the aim of discovering and developing new oil and gas fields in the UK.
UK Energy Minister Michael Fallon said: "It’s 50 years since North Sea licensing began and there remains an extraordinary level of interest, which is excellent news for industry and for the UK economy."
Oil services provider Aker Solutions secured a NOK1.8bn ($302m) framework contract from BP in Norway.
Under the agreement, Aker will provide engineering, modifications and maintenance services for BP’s oil and gas fields offshore Norway.
The contract runs for a period of two years, with options to extend for another four years.
Texas-based Chevron Pipe Line was penalised by the Environmental Protection Agency (EPA) over two spills at its facilities in Utah.
A settlement was reached between EPA and Chevron, with the company agreeing to pay a civil penalty of $875,000 for violations associated with the spills.
The civil penalty comes from Clean Water Act violations for the June 11 2010 spill of 800 barrels of oil into Red Butte Creek in Salt Lake City and the March 18 2013 pipeline break that dumped 499 barrels of diesel fuel into a creek on Willard Bay State Park lands.