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Shell Announces Gabon Deep-Water Gas Discovery

SOURCE: Shell | 22 October 2014

Shell today announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-salt reservoir.

New Oil Resources Proved In The Grane Area

SOURCE: Statoil | 21 October 2014

Operator Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.

Petrobras Begins Commercial Production In Santos Basin Pre-Salt Iracema Sul Area

SOURCE: Petrobras News Agency | 15 October 2014

Petrobras’ platform Cidade de Mangaratiba went into operation today (14/10) in the Santos Basin pre-salt area of Iracema Sul, in Lula field, located on block BM-S-11. The start-up of the new platform was anticipated since the original expected start-up, as provided for in the 2014-2018 Business & Management Plan, had been scheduled for November 6th, 2014.

Eni Signs Two New Production Sharing Contracts For Offshore Exploration In Vietnam

SOURCE: Eni | 13 October 2014

Eni's CEO, Claudio Descalzi, signed today with Petrovietnam's President and CEO, Do Van Hau, two Production Sharing Contracts (PSCs) for the exploration of blocks 116 and 124, located off the coast of Vietnam.

Sembcorp Marine Subsidiary Jurong Shipyard Secures US$696 Million Libra FPSO Conversion Contract

SOURCE: Sembcorp. | 13 October 2014

Sembcorp Marine is pleased to announce that its wholly-owned subsidiary Jurong Shipyard Pte Ltd has secured a US$696 million contract to convert a shuttle tanker into a floating, production, storage and offloading (FPSO) vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore.

Statoil Sells 15.5% Share In Shah Deniz To PETRONAS For USD 2.2 Billion

SOURCE: Statoil | 13 October 2014

Statoil (OSE: STL, NYSE: STO) has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company (AGSC) to the Malaysian oil and gas company PETRONAS. The transaction value is USD 2.25 billion.

Libra Consortium Signs Letter Of Intent For Charter Of Its 1st FPSO For Extended Well Tests

SOURCE: Petrobras News Agency | 10 October 2014

Libra Consortium has signed a letter of intent with Odebrecht/Teekay (OOG-Teekay), winner of a tender process, for the charter of a FPSO-type platform (floating production, storage and offloading) designed for the extended well test campaign of Libra, in the Santos Basin pre-salt deposits.

Shell Starts Oil Production From Gumusut-Kakap Deep-Water Platform In Malaysia

SOURCE: Shell | 08 October 2014

Shell has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deep-water projects.

New Compressor = 220 Million Extra Barrels

SOURCE: Statoil | 22 September 2014

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent and extend the field’s lifetime with eight years.

GE Oil & Gas Awarded Over $300 Million Subsea Equipment Contract From Petrobras

SOURCE: GE | 18 September 2014

GE Oil & Gas (NYSE: GE) today announced a more than $300 million contract with Petrobras for the first supply of the subsea manifold systems for Brazil’s pre-salt fields, located offshore in water depths up to 6,500 feet (2,000 meters).