Top News of the Week May 6 – 11, 2013

Shell Bringing In GoM’s Second FPSO. Makes Stones FID (USA)

Royal Dutch Shell plc made a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world.

 

Karoon Finds More Oil at Bilby-1 Well (Brazil)

The potential size of Karoon Gas Australia Ltd’s  Bilby-1 oil discovery offshore Brazil has been expanded with a proven oil column of 320 metres.

 

Pemex Hires Carlos Slim’s Rig for $415 Mln

Mexico’s national oil and gas company Pemex has hired an offshore drilling rig from Carso Group. The Carso Group is owned by the riches man in the world, Carlos Slim, whose net worth is, according to Forbes, estimated at  $73 billion.

 

Exxon, Statoil to Splash $4 Bln on Julia Development in U.S. GoM

Exxon Mobil and Statoil last week approved the Julia oil field development in the Gulf of Mexico. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion.

 

Petronas Buys Into OGX’s Campos Basin Blocks for $850 Mln

OGX , Brazil’s largest private oil and natural gas exploration company, announced entering into an agreement with PETRONAS Brasil E&P Ltda (“Petronas”) to sell a 40% non-operating work interest in BM-C-39 and BM-C-40 blocks, located in the Campos Basin, for a total value of US$850 million.

 

Shell: Keel Laying Ceremony for Prelude FLNG Facility (GALLERY)

Shell has laid the keel for Prelude FLNG, the world’s first floating liquefied natural gas (FLNG) project. When complete, Prelude is expected to be the largest offshore floating facility ever built.

 

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