Caspian development drilling lifts Dragon productionDragon Oil has updated its ongoing drilling program in the Cheleken Contract Area of the Turkmen sector of the Caspian Sea. |
Pechora Sea oil production platform close to sail-outThe ice-resistant fixed platform for Gazprom’s Prirazlomnoye field off northern Russia is nearing completion. |
ACE lifts Caspian platform structuresACE Winches’ Hire Equipment division is nearing completion of a $7.7-million contract for Petronas/MMHE offshore Turkmenistan. |
Dragon expands Turkmen export infrastructureDragon Oil has completed a further development well in the Cheleken Contract Area of the Caspian Sea, and commissioned a new 14-in. in-field pipeline |
Rosneft, CNPC look to extend upstream linkRosneft and China National Petroleum Corp. (CNPC) have agreed to expand co-operation in the upstream sector. |
Regional confidence boosts capex says Wood MackenzieWood Mackenzie forecasts global upstream capital spending of over $380 billion in 2010, based on analysis of the industry’s investment plans. |
WorleyParsons awarded Shtokman FEEDGazprom has contracted WorleyParsons for front-end engineering design (FEED) services for the Shtokman development phases 2 and 3 in the Barents Sea. |
Two more Turkmen wells on streamDragon Oil has completed drilling and initial testing of two more wells in its Cheleken Contract Area fields in the Caspian Sea. |
Odoptu production starts at Sakhalin-1Exxon Mobil Corp. reports the startup of production from Odoptu field at Sakhalin-1 offshore eastern Russia. |
Turkmen fields deliver further growthProduction from the Cheleken Contract Area fields in the Caspian Sea averaged 46,420 b/d of oil during the first half of 2010. |
AIOC kicks off Chirag Oil ProjectAzerbaijan International Operating Co. (AIOC) has awarded $814 million in contracts for development of the Chirag Oil Project (COP) in the Caspian Sea. |
Workovers, sidetracks lift CCA productionDragon Oil continues to raise production from its Cheleken Contract Area fields in the Turkmen sector of the Caspian Sea. |
Caspian Sea set for offshore resurgenceThe Caspian Sea is the setting for some of the world’s oldest offshore oil developments. These date to the late 1940s in Azerbaijan, when the Pirallahi, Gurgany Deniz, and Chilov Adasy fields were brought onstream. Azerbaijan remained a prominent offshore producer through the 1950s and, for a while, the Neft Dashlary field took on the mantle of the world’s biggest offshore project. |
Report: Global upstream spending to return to growth by 2011In its latest report, The first hints of recovery in global upstream spending, Wood Mackenzie predicts that investment in the upstream sector will return to growth by 2011, reaching around $350 billion in 2012. |
Centrica evaluating UK storage needsCentrica’s Rough gas storage facility in the UK North Sea underwent its stiffest test this winter. |
Sakhalin transports 200th oil cargoSakhalin Energy has exported its 200th oil cargo. |
Iran offers to purchase Azeri gasIran has offered to buy the entire gas volumes produced from the Shah Deniz field in the Caspian Sea offshore Azerbaijan. |
Shell completing last well at Lunskoye platform
Shell is completing the last major offshore gas well at the Lunskoye platform in the Sea of Okhotsk, preparing the way for full LNG production capacity at Sakhalin II.
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Kish gas heading for Oman
The first phase of Iran's giant Kish field should be operational within the next two years, according to the country's Petroenergy Information Network (Shana).
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Output still climbing from Cheleken fields
Gross oil production from the Cheleken Area fields off Turkmenistan reached 43,787 b/d in the first quarter of this year, according to operator Dragon Oil.
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First LNG cargo loaded from Sakhalin II plant
The first scheduled Russian LNG cargo has been successfully loaded from the Sakhalin II LNG plant onto the LNG carrier Energy Frontier, according to Sakhalin Energy.
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Keppel wins contracts totaling $197 million
Keppel Offshore & Marine Ltd. (Keppel O&M), through Keppel Shipyard and Keppel FELS Brasil, has secured three contracts totaling $197 million.
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Brazil shrugs off price woes with higher output
Brazilian national oil company Petrobras continues to raise oil and gas production with the recent start-up of three offshore platforms.
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Russia opens Sakhalin II LNG plant
Russian President Dmitry Medvedev today opened Russia's first LNG plant built by Sakhalin Energy.
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Gazprom looks at offshore arctic
Gazprom's Management Committee has taken steps to develop both Prirazlomnoye oil field, and Shtokman and Kirinskoye gas and condensate fields offshore in the arctic.
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