Archives November 2015

Nov
2
2015

Roncador production highlights Libra opportunity offshore Brazil

Libra field in the Santos basin pre-salt has oil reserves estimated at 8 billion bbl, potentially increasing Brazil’s total reserves by as much as 50%. …read more Source: Oil Gas Journal   

Nov
2
2015

Conference in Cuba addresses questions on offshore safety

Notwithstanding improvements made after the Macondo tragedy of 2010, questions remain about the safety of offshore drilling and production, said speakers at a conference this month in Havana. Many relate to technology and culture. …read more Source: Oil Gas Journal   

Nov
2
2015

Sona to buy Stag oil field from Santos, Quadrant for $50 million

Sona Petroleum Bhd., Kuala Lumpur, has bought Stag oil field offshore Western Australia for $50 million. The field had been owned 33.33% by operator Quadrant Energy Pty. Ltd., Perth, and 66.66% by Santos Ltd., Adelaide. …read more Source: Oil Gas Journal   

Nov
2
2015

BPTT’s outlines long-term development plans in Trinidad and Tobago

BP Trinidad & Tobago (BPTT) said it will not give up any of its acreage in Trinidad and Tobago because it has a long-term development plan “including the development of smaller pools” of natural gas. …read more Source: Oil Gas Journal   

Nov
2
2015

Offshore safety adds urgency to thaw in US-Cuba relations

International concern about the safety of offshore drilling and production adds urgency to the slow warming of relations between Cuba and the US. …read more Source: Oil Gas Journal   

Nov
2
2015

Study finds Haynesville refracs lift production

Low oil prices have forced operators to seek alternative techniques to increase production while reducing capital expenditure. Refracturing fits these criteria in unconventional plays. …read more Source: Oil Gas Journal   

Nov
2
2015

Lianzi oil, gas flow begins offshore central Africa

Chevron Overseas (Congo) Ltd., a subsidiary of Chevron Corp., has started oil and gas production from Lianzi field in a unitized offshore zone between Congo (Brazzaville) and Angola. …read more Source: Oil Gas Journal   

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