Total of Paris has had to halve production at its 220,000-barrel-per-day Dalia field offshore Angola, after a turbo generator failed, it was understood Thursday. 
Venture Production expects 2007 to end with the company producing 60,000 barrels of oil equivalent per day after a year in which downtime sent volumes lower by three percent for a damaged tanker, foul weather and gas “blow down”. 
Independent U.K. Central Asia explorer Burren Energy is producing nearly 4,000 more barrels of oil per day than in 2006, as water injection boosts reservoirs from Turmenistan to the Congo and forcing the “purchase” of an oil rig. 
Total has all but secured reserves from Gazprom’s giant Shtokman gas field in the eastern Barents Sea, after a signing ceremony in Moscow Friday clinched a 25-year development deal, with options. 
Dolphin Energy announced today that natural gas, from its production wells offshore Qatar, is now flowing to UAE customers for the very first time. 
Teton Energy Corporation announced today that 7 additional wells have been connected to gas sales in the DJ Basin. This now brings the total number of producing wells to 20 in both the Chundy and Grant Field areas. 
TNK-BP’s gas business in Russia will spend $4 billion investing and acquiring in Russian and abroad this year, judging from a company statement. 
Germany-based offshore operator RWE Dea and U.K. independent Dana Petroleum have first production from the Cavendish field, where 60 million standard cubic feet per day of gas are onstream. 
Investments offshore the United Kingdom are seen falling off £1 billion or £1.5 billion to as low as £10 billion in 2007 after the 20 percent hike in spending recorded for 2006, Oil & Gas UK reported Tuesday. 
BP has closed down the CATS gas pipeline network after a remotely operated vehicle on Sunday discovered damage caused by the dropping of a ship’s anchor onto pipe and concrete casing. |
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Revus Energy has agreed to buy from Statoil a stake in the Murchison field and the Delta discovery via new stakeholdings, it was understood Monday. 
Oil consumption in developed western countries fell by 400,000 barrels per day in 2006, “the biggest decline in more than 20 years” according super-major oil company BP’s Statistical Review of World Energy. 
Statoil on Monday turned-on the sub-sea installations at its 193-billion-cubic-metre Snoehvit gas field off Hammerfest in the Arctic, a first in Norway for facilities remotely controlled from land. 
BP could lose hold of the 2-trillion-cubic-metre Kovytka gas field in Siberia this week, as regulators examine evidence brought by license-monitoring agencies that subsidiary TNK-BP has never attained agreed production rates. 
Despite project permit delays worldwide, Marathon Oil and partners are on-stream six months ahead of schedule with cargoes from a first train of liquefied natural gas, or LNG, from Bioko Island, Equatorial Guinea. 
Delays and difficulties at four prime fields have caused Statoil to downgrade its production forecast for 2007 by 100,000 barrels of oil equivalent per day to between 1.15 million boed and 1.2 MMboepd, the oil company announced Thursday. 
A communique from Hydro, soon to be merged with Statoil, said Wednesday that the installations in the Oseberg field area will be closed for a planned overhaul that won’t affect yearly production forecasts.
Statoil and partners at the Kvitebjoern field in the North Sea will stop gas and light oil production after a fall in reservoir pressure after intervention work, it was understood Friday. 
InterOil Corporation today provided an update on its efforts to commercialize the previously announced Elk natural gas and condensate discovery in Papua New Guinea. 
Russian oil company OAO Lukoil has posted net income of $7.48 billion for 2006, a 16.2-percent hike on hydrocarbon sales that rose 21.4 percent. |
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