- Bergknapp oil discovery with resource estimate between 26–97 million boe
- Appraisal measures and development options being considered
Fugro has been awarded a geotechnical contract for Apsara oil field in Block A, offshore Cambodia, as part of the nation’s first hydrocarbon development.
The Gazprom Board of Directors approved the revised investment program and budget (financial plan) for 2018.
Oil from Emlichheim has a future
Glencore refers to the announcement on 8 September 2017 in which it announced that the Consortium had concluded an agreement with CEFC China Energy Company Limited (CEFC) for the disposal by the Consortium of a 14.16% stake in Rosneft Oil Company (Rosneft).
Glencore has entered into an agreement with Corporacion G500 SAPI (G500) to create a franchise platform, to be known as G500 Network, which will service over 1,400 affiliated service stations in Mexico.
Glencore plc ("Glencore") announced that it has entered into a definitive agreement with HNA Innovation Finance Group Co., Ltd. ("HNA") for HNA to purchase a 51% equity interest in Glencore's petroleum products storage and logistics business for US$775 million, payable in cash upon closing, subject to customary closing adjustments (the "Transaction").
Glencore and QIA have concluded various agreements which provide for the establishment of a 50:50 consortium (the Consortium).
The Consortium has entered into agreements in connection with the further privatisation of Rosneft whereby the Consortium will acquire from Rostneftegaz a 19.5% interest in the issued share capital of Rosneft (the Shares) for €10.2 billion (the Consideration). Under the proposed arrangements, Glencore will commit €300 million in equity (the Glencore Equity) and QIA will commit €2.5 billion in equity to the Consortium with the balance of the consideration for the acquisition of the Shares to be provided by non-recourse bank financing, principally by Intesa Sanpaolo S.pA., with Russian banks also providing financing and credit support.
Aker Solutions won a contract from Statoil to build the pipeline facilities, modifications and tie-ins needed at the Mongstad terminal to receive oil from the North Sea Johan Sverdrup field.
First cargo of Yamal oil shipped from Arctic Gate offshore terminal (Photo: Gazprom)
An event marking the start of the year-round shipments of Yamal oil from the Arctic Gate (Vorota Arktiki), an Arctic oil loading terminal, took place in the Mys Kamenny settlement (Yamal Peninsula, Yamal-Nenets Autonomous Area). The event was attended by Alexey Miller, Chairman of the Gazprom Management Committee, and Alexander Dyukov, Chief Executive Officer of Gazprom Neft.
Dong Energy and Bayerngas no longer have confidence in the supplier consortium’s ability to deliver the platform and hold the consortium in material breach of its contractual obligations. On this basis, Dong Energy and Bayerngas Norge have given notice to terminate the EPC contract with the supplier consortium for cause with immediate effect. This means that the platform will not be completed and that the Hejre project in its current form will be stopped.
Mexican national oil company, Pemex, has awarded a further extension to Fugro’s contract to support its exploration drilling activities in the Bay of Campeche.
At the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) the Abu Dhabi National Oil Company (ADNOC) and the German E&P company Wintershall signed a Memorandum of Understanding (MoU) regarding future cooperation in research and development. The project focuses on Enhanced Oil Recovery using specialized chemicals for the oil and gas industry. Main goal of ADNOC and Wintershall is to jointly develop customized solutions to meet the subsurface challenges that are characteristic for the local oil fields – high temperature and high salinity in the carbonate reservoirs of Abu Dhabi. The MoU forms the framework for a close cooperation of the two companies and comprises a roadmap for the development of cEOR methods.
Government approval for Wintershall’s first operated development in Norway / BASF subsidiary moves ahead with field development
BG Group (LSE: BG.L), a world leader in exploration and LNG, today announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the Group's significant discoveries in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block.
Seabed Geosolutions will soon mobilise for the variation order that was signed today by Abu Dhabi National Oil Company (ADNOC) with CGG to conduct a shallow water seabed survey.
The drilling of production wells for the pilot commercial development of the oil rim started in the Chayandinskoye field in Yakutia, the basic field of the Yakutia gas production center.