Search results for: Kufpec

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A list of search results

  • 6 September 2017

    Norwegian authorities have received applications from 39 companies for new acreage in mature areas on the Norwegian continental shelf as part of the awards in pre-defined areas (APA 2017). This is six more than in last year’s round.  The APA 2017 round, which included blocks in the North Sea, the Norwegian Sea, and the Barents Sea, […]

  • 31 July 2017
    Project & Tenders

    UK oil company Premier Oil has completed the Anoa development well in the Natuna Sea Block A and is set to bring it on production in early August. Premier Oil is the operator of the Natuna Sea Block A offshore Indonesia with 28.67% interest. Partners in the block are Petronas, PTT, Pertamina and Kufpec. The Block A consists […]

  • 10 July 2017

    Offshore Energy Today reported last week that the FSO destined for the Gina Krog field offshore Norway, had begun its long journey from Singapore. However, the images of the completed vessel were not made available by Teekay until after the article was published, so here’s a gallery now. The unit left the Sembcorp Marine yard […]

  • 6 July 2017
    Project & Tenders

    A floating storage and offloading (FSO) vessel destined for the Statoil-operated Gina Krog development offshore Norway has left the shipyard in Singapore. According to the latest AIS data on Marine Traffic, the unit has left the Sembcorp Marine yard using its own engine and is expected to make a stop in Cape Town, South Africa, […]

  • 3 July 2017
    Project & Tenders

    Norway’s Statoil has started production from the Gina Krog oil and gas field in the North Sea, offshore Norway.  The production started at 17.02 CET on June, 30, 2017, Statoil informed on Monday. Statoil and the partners invested a total of some NOK 31 billion ($3.7B) in the development of the Gina Krog field. “We […]

  • 31 January 2017

    Oil giant Shell has agreed to sell “a package” of UK North Sea assets to Chrysaor for a fee of up to $3.8 billion, as part of its previously announced $30 billion divestment program. The initial consideration to be paid by Chrysaor has been set at $3.0 billion, and a payment of up to $600m […]

  • 31 January 2017
    Project & Tenders

    The Hague-based LNG giant Shell reached two separate agreements for the sale of its assets in Thailand and UK North sea as part of the portfolio simplification, following its acquisition of BG.

  • 31 January 2017

    Oil giant Shell has reached an agreement with Kuwait’s KUFPEC for the sale of a 22.222 percent equity stake in the Bongkot field and adjoining acreage offshore Thailand.  Apart from the stake in the Bongkot field, the sale worth $900 million includes Shell’s equity stake held in Blocks 15, 16 and 17 and Block G12/48. Shell’s partners […]

  • 30 January 2017

    The Chevron-operated giant Gorgon LNG plant on Barrow Island offshore Western Australia has shipped 39 cargoes of LNG up to date, Chevron’s CEO John Watson said on Friday. Production at the $54 billion Gorgon LNG project has been hit several times since it shipped its first cargo of the chilled fuel on March 21. The […]

  • 20 January 2017
    Project & Tenders

    By Bartolomej Tomić Following years of delays and several set and missed start-up dates at Norway’s Yme field, there is now another first oil forecast – 2019. The Yme field, which used to be operated by Talisman, had been slated for first oil production in 2010. Talisman had taken over operatorship of the field in […]

  • 20 January 2017

    OneSubsea has been awarded an engineering, procurement and construction contract by Statoil to supply the subsea production system for the Utgard gas and condensate discovery in the North Sea. The scope of the contract includes a subsea template manifold system, two subsea wellheads and vertical monobore subsea trees, production control system, and associated intervention and […]

  • 17 January 2017
    Project & Tenders

    Statoil has informed that the plan for development and operation for the Utgard and Byrding fields in the North Sea has been approved by the authorities. Plans for both fields were submitted to the authorities in August last year. Utgard is a gas and condensate field on the Norwegian and UK continental shelf while Byrding […]

  • 31 October 2016

    Chevron and its partners in the Wheatstone LNG project, including Australia’s Woodside, will have to splash more cash for the LNG project west of Onslow after the US energy giant announced a US$5 billion cost blowout. Chevron said last week, after announcing the company’s third-quarter results, that delays in module deliveries to the LNG project had […]

  • 20 October 2016

    Australian Energy company Woodside has informed that an important move has been made towards the first production from the giant Wheatstone gas project in Western Australia. The company’s CEO Peter Coleman has said that the Julimar offshore project completed all construction and commissioning work on schedule and under budget in preparation for Wheatstone start-up in […]

  • 6 October 2016
    Business & Finance

    Wintershall Norge has signed a sales agreement with the Norwegian oil company Okea to sell its 10% share in the Yme license on the Norwegian Continental Shelf (NCS). Following the transaction, the equity ownership in PL 316 license is: Repsol Norge (operator) 60%, LOTOS E&P Norge 20%, Kufpec Norway 10%, and Okea 10%. The Yme license […]

  • 2 August 2016

    Construction work on Chevron’s US$29 billion Wheatstone LNG project in Australia is progressing with first cargo still expected in mid-2017. “The Wheatstone drilling campaign is now complete, with all nine development well flowbacks successful. Offshore at the Wheatstone Platform hook-up and commissioning is progressing, and the accommodation support vessel has demobilised,” Chevron said in the latest […]

  • 21 July 2016
    Business & Finance

    Malaysia’s Petronas has awarded a Production Sharing Contract (PSC) to Thai PTTEP, Kuwait’s KUFPEC, and Malaysia’s Petronas Carigali Sdn Bhd for the exploration Block SK410B. The PSC was signed at Petronas Twin Towers, in the presence of the President and CEO of Petronas, Zulkiflee Wan Ariffin. Petronas was represented by its Executive Vice President Upstream, Mohd Anuar Taib, PTTEP by its President […]

  • 10 May 2016
    Equipment

    Fugro, Dutch geotechnical subsea company, has begun a three-year period of metocean and ice data collecting as part of the Barents Sea Metocean and Ice Network Project. In a statement from Tuesday, Fugro said the data collected will help operators better understand relevant operational uncertainties and risk factors in the region known as “The Far […]

  • 19 April 2016
    Project & Tenders

    Chevron recently signed a deal with Alinta Energy for the delivery of natural gas from its Wheatstone LNG project currently under construction near Onslow, Western Australia.

  • 14 March 2016

    Following a decision to decommission its Jette field in Norway, after only three years in production, Det norske, a Norwegian oil and gas company, is now contemplating scrapping the development plan for Vette (Bream), another oil field located offshore Norway. The company bought its stake in the North Sea-located field through the acquisition of Premier […]

  • 4 March 2016

    Malaysia’s Bumi Armada has received a notice of contract termination from Woodside for the Armada Claire floating, production, supply and offloading vessel operating offshore Australia. The vessel owner has deemed the termination unlawful and has decided to take legal action against the oil company.  Bumi Armada’s wholly-owned subsidiary Armada Balnaves, has received a notice of […]

  • 4 February 2016

    Having spent 2015 with Noble Energy in the Gulf of Mexico, the EMAS-owned subsea construction vessel Lewek Constellation will soon be on its way to Australia for the Julimar offshore development project. In June, 2015, the Singaporean provider of marine, construction, production and well services said its Lewek Constellation set an industry pipelay record in the GoM in 7,368 […]

  • 1 February 2016

    Oil and gas giant Chevron confirmed Friday it has delayed first LNG cargo from its US$29 billion Wheatstone project in Australia. Chevron said in November last year that the LNG project located 12 kilometers west of Onslow in Western Australia’s Pilbara region could be delayed because of the late delivery of modules from Malaysia. First […]

  • 19 January 2016

    Norwegian Ministry of Petroleum and Energy has offered 56 exploration licenses on the Norwegian Continental Shelf (NCS) in its latest licencing round.   The Awards in Pre-defined Areas 2015 (APA 2015) licensing round opened in April 2015 and a deadline for application was September 2, 2015. The offers are being issued following the authorities’ assessment of applications from 43 […]

  • 4 December 2015

    The Norwegian Petroleum Directorate (NPD) has revealed a list of companies that applied for acreage offshore Norway, as part of the 23rd licensing round in the country. The deadline for applications for production licenses expired on Wednesday, December 2. Twenty-six companies applied for acreage situated mostly in Barents Sea. For comparison, a total of 36 […]