Petronas Reaches First Oil In Bukit Tua Field

Bukit Tua is offshore East Java on Ketapang Block. It could initially produce 3,700 bbl/d and 2MMcf/d of gas. Production capacity could be 20Mbbl/d of oil and 50MMcf/d of gas.

DNV GL Appoints New Group CEO, President

Remi Eriksen will succeed Henrik O. Madsen, who will retire Aug. 1, after more than 30 years of service with the company.

Seadrill Drops As Rig Market Gloom Seen Lasting Into 2016

Seadrill, the second-biggest offshore drilling company by valuation, is facing lower demand from oil companies after crude prices collapsed last year, exacerbating the effect of a glut of new rigs.

Premier Opens New Oil Zone Off Falkland Islands

The quality of the crude at Isobel Deep, Premier’s second exploration well this year off the Falklands, is similar to that at Sea Lion. 

Caterpillar CEO Joins ExxonMobil Board Of Directors

With the election of Doug Oberhelman, the ExxonMobil board stands at 12 directors, 11 of whom are non-employee directors.

Petrobras Stops Caramba Deepwater Exploration

Petrobras returned the BM-S-21 concession containing Caramba to Brazil’s National Petroleum Agency, Bloomberg said, according to an email. Petrobras operated the concession in the presalt with an 80% stake.

TGS Appoints Larsen As CFO

Sven Børre Larsen was appointed as CFO of TGS. He will replace Kristian Johansen in the role. Most recently, Larsen was CFO of Prosafe Management AS, a support vessel owner/operator. 

Woodside Petroleum Exits Tanzania JV

Beach told the market that Woodside had decided not to enter the next period of the exploration program relating to the Lake Tanganyika South production sharing agreement (LTS PSA) after farming out the block to the oil and gas major last July.

UK’s Third Energy Details Bowland Strata Gas Plans

Third Energy submitted a planning application to North Yorkshire County Council for natural gas production from Bowland strata underneath North Yorkshire, U.K. The resources will be used to generate electricity.

UK Will Focus On Domestic Oil, Gas Production

Queen Elizabeth II recently announced an energy bill in a speech to Parliament, Bloomberg said. Last year, U.K. oil and gas production met about 56% of domestic demand.

Aibel Receives Wellhead Platform FEED Contract

Work on the FEED study starts immediately, and will continue until October. An engineering services, procurement, construction and installation contract will begin mid-2015 and continue until year-end 2017.

CNOOC Makes Mid-sized Oil Discovery In South China Sea

Baiyun Sag has “huge exploration potential,” CNOOC said. The area is expected to become the new reserves growth area of deepwater exploration of crude oil in South China Sea.

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