Woodside to go ahead with $1bn Persephone gas project, offshore Australia
Woodside Petroleum announced it will go ahead with the A$1.2bn ($1bn) Persephone gas project, offshore north-west Australia, after North West Shelf (NWS) participants approved the development.
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Woodside Energy operates and owns a 16.67% stake in the project, which is the third major gas development for the NWS in the last six years.
Other project stakeholders include BHP Billiton Petroleum (North West Shelf), BP Developments Australia, Chevron Australia, Japan Australia LNG and Shell Development (Australia).
Nigeria demands Shell pay $4bn for 2011 offshore oil spill damage
The Nigerian Parliament demanded Shell pay about $4bn for the damage caused by an oil spill at its Bonga offshore field in December 2011.
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The non-binding decision from the parliament committee follows analysis by several state agencies in Nigeria that proposed fines of about $11.5bn.
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By GlobalDataA report by the National Oil Spill Detection and Response Agency (NOSDRA) estimated that approximately 40,000 barrels were spilled into the sea.
Shell subsidiary SNEPCO operates the oil field, which produced 200,000 barrels of oil per day at the time of spill.
Karoon Gas Australia finds oil in Kangaroo-2 appraisal well, offshore Brazil
Karoon Gas Australia confirmed and recovered oil from five zones in the Kangaroo-2 appraisal well in the Santos basin, offshore Brazil.
The company recovered 17 samples of oil within the Palaeocene and Maastrichtian formations, with an estimated gas oil ratio (GOR) of 400 standard cubic feet per barrel (scf/bbl) to 700 scf/bbl.
The Palaeocene section features a 90m gross oil bearing reservoir with a net to gross of more than 70% and porosities in the range of 26% to 34%.
Three separate oil columns have been identified with a GOR of 500 scf/bbl.
Production starts at Tubular Bells field in US Gulf of Mexico
Energy firm Hess and Chevron USA commenced production at the Tubular Bells field, located in the Mississippi Canyon area of the deepwater US Gulf of Mexico.
Hess operates the Tubular field with a 57.14% working interest, while Chevron’s subsidiary Chevron USA has a 42.86% stake.
Located 135 miles south-east of New Orleans, the field is estimated to produce about 50,000 barrels of oil equivalent per day (boepd) from three producing wells by the end of this year.
The field, which has an estimated production life of 25 years, was discovered in 2003, with project construction starting in October 2011.
Faroe Petroleum sells 10% stake in Glenlivet gas field to Total
Faroe Petroleum sold its 10% stake in the undeveloped Glenlivet gas field, West of Shetland, to Total E&P UK.
The £10m overall consideration for the stake includes a proportion deferred until a field development plan is submitted and several production targets are met.
Faroe Petroleum chief executive Graham Stewart said: "Faroe has a very exciting continuing exploration and appraisal programme to look forward to in 2015.
"Our unique and robust financial position ensures we can participate in another five well high impact campaign in Norway. This will target significant resource potential and is funded from a combination of cash flow from our significant production base and Norwegian state funding."
Cairn Energy makes second oil discovery, offshore Senegal
UK-based Cairn Energy discovered oil at the second well of the Senegal exploration programme.
The oil and gas explorer made the discovery at its SNE-1 well, 100km offshore in the Sangomar Deep block.
The well, located near the company’s FAN-1 well, where it discovered oil in October, could hold between 150 million barrels to 670 million barrels of recoverable resources.
Cairn Energy said intermediate logging of the SNE-1 well has confirmed hydrocarbons in the Cretaceous clastics objective similar to oil bearing sands discovered in FAN-1.
GE opens $500m R&D centre in Brazil for subsea oil and gas research
General Electric (GE) opened its new $500m global research and development (R&D) centre in Brazil, which will focus on subsea oil and gas research, capitalising on a $1.2 trillion offshore market opportunity.
The Brazil Technology Center, which is situated on the Ilha do Bom Jesus peninsula in Rio de Janeiro, is one of nine research facilities worldwide, and one of five outside the US.
The 250,000ft² facility will serve as a hub for engagement and collaboration with GE’s customers.
The centre is expected to employ 400 researchers in the future, with half of the facility’s space dedicated to laboratories.
Production starts at Manora oil field in Gulf of Thailand
Production commenced at the Manora oil field in the G1/48 concession of the Gulf of Thailand.
Mubadala Petroleum operates the concession and holds a 60% interest via its affiliate Pearl Energy.
Australia-based Tap Energy holds a 30% interest, while Thailand-based Northern Gulf Petroleum owns the remaining 10% stake.
Production from two wells is increasing from the initial combined rate of 2,200 barrels per day and is estimated to reach a peak rate of about 15,000 barrels per day in the first quarter of 2015.
Odfjell Drilling takes delivery of Deepsea Aberdeen semi-submersible rig
Odfjell Drilling received its latest ultra-deepwater semi-submersible rig, which is set for a seven-year contract with BP in the West of Shetland region.
The Norwegian contractor took delivery of the Deepsea Aberdeen from South Korea-based Daewoo Shipbuilding & Marine Engineering (DSME).
Deepsea Aberdeen adds to Odfjell Drilling’s fleet of harsh environment and ultra-deepwater drilling units.
The semi-submersible rig is an enhanced GVA7500 harsh environment design and will be a sister rig to the Deepsea Atlantic and Deepsea Stavanger, which were earlier delivered by DSME.
AWE sells stakes in two Bass Basin permits in Australia
Australian energy firm AWE has sold some of its stakes in assets located in the offshore Bass Basin, Tasmania, to Prize Petroleum Company, a subsidiary of India-based Hindustan Petroleum.
The transaction included AWE’s 11.25% interest in T/L1; the BassGas infrastructure and Yolla field, and a 9.75% stake in T/18P; the Trefoil field.
Total consideration for the sale was A$85m ($74m) with payment structured in three tranches.
AWE managing director Bruce Clement said the successful completion of the 11.25% BassGas interest sale was another strategic milestone for AWE.
