UK North Sea gets shot in the arm with Glengorm

CNOOC, Total and Edison have made one of the biggest finds in the UK North Sea in recent years. The Glengorm discovery is estimated to contain recoverable resources of 250mmboe which is even bigger than Total’s recent success in the West of Shetlands at Glendronach which had 1tcf of gas (c.160mmboe). Glengorm sits on licence P2215 and in the vicinity of both the Culzean and Elgin & Franklin gas fields which could act as future hosts for Glengorm. Glengorm...

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Venture Global doubles LNG supply contract with Shell on Calcasieu Pass

On 6th March, Venture Global announced that it had agreed to double its gas sales with Shell North America LNG from 1mtpa to 2mtpa under an amendment to the earlier gas sales agreement for LNG from Calcasieu Pass. This brings the total committed capacity to 3mtpa with Edison having agreed 1mtpa in September 2017. The sale contracts are for 20 years and under FOB terms. The counterparties to date provide validation of the attractiveness of the...

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Nova development could face delays with Gjøa tie-back challenges

Nova (formerly Skarfjell) is planning to submit the field development plan to the Norwegian authorities in H1 2018. The selected development concept is four production wells and three injection wells from two subsea templates tied back to the Gjøa platform. Neptune which operates Gjøa has raised concerns about the potential tie-back which it has now raised with the Ministry of Petroleum. Nova is an oil and gas field operated by Wintershall...

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