Offshore Production News

 

Teekay Sells Sevan Hummingbird FPSO to Ping Petroleum

2 hours ago

Teekay Corporation has found a new home for its Sevan Hummingbird FPSO following its recent departure from the Chestnut field in the UK North Sea, after 13 years of production there for Centrica's Spirit Energy. The cylindrical FPSO has been sold to Ping Petroleum UK which will use the floater for the development of its Avalon field in the UK North Sea and could power it using a floating wind turbine…

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

1 hour ago

Norwegian offshore workers will likely go on strike on Tuesday in an industrial action that will cut oil and gas output as the negotiating parties have not made progress, the union and the lobby representing oil companies said on Monday.'As it stands now…

Norway Greenlights Increased Gas Production at Several Offshore Fields

3 hours ago

Norway's oil ministry on Monday said it had approved adjusted production permits for six offshore fields but that would not change the expected amount of gas Norway would export in 2022.The Nordic country expects to sell some 122 billion cubic meters of gas this year…

Pemex, New Fortress Energy Ink Deal on $1.5B Offshore Gas project

4 hours ago

Mexican oil and gas company Pemex has signed a letter of intent with the U.S.-based company New Fortress Energy to resume work on a $1.5 billion offshore gas project in Mexico, Pemex Chief Executive Octavio Romero said on Friday.The agreement…

Jadestone Restarts Output From Montara Field after Halt Due to Oil Leak from FPSO Tank

7 hours ago

Asia Pacific-focused oil and gas company Jadestone Energy has resumed production from its Montara Venture FPSO in Australia, following a recent halt due to an oil leakdue to a 30 mm tank crack.Jadestone in June said that oil had spilled at Montara field offshore Australia…

Hezbollah Sends Drones Towards Drillship at Israel's Karish Offshore Gas Field

8 hours ago

Lebanon's Hezbollah said on Saturday it had sent three unarmed drones towards an Israeli Mediterranean gas rig [Stena Drilling's Stena IceMax drillship], which the Israeli military said it had intercepted.The Iranian-backed Shi'ite armed group said the drones launched towards the Karish gas field…

Norway Strike Could Cut Gas Output by 13%

9 hours ago

A planned strike [this week] by Norwegian energy sector workers could cut the country's gas output by 292,000 barrels of oil equivalent per day, or 13% of output, employers' group the Norwegian Oil and Gas Association (NOG) said on Sunday.Oil output could be cut by 130…

Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices

Jul 01, 2022

Russia announced on Friday a decree that seizes full control of the Sakhalin-2 gas and oil project in the country's far east, a move that could force out Shell and Japanese investors and adds another bullish factor to prices in a tight global LNG market…

Strohm to Deliver TCP Subsea Water Alternating Gas (WAG) Jumper for Exxon's Guyana Project

Jul 01, 2022

U.S. oil major ExxonMobil is set to install a subsea water alternating gas (WAG) jumper made from Strohm’s Thermoplastic Composite Pipe (TCP) on the Liza Phase 2 project offshore Guyana. This will be followed by a multi-jumper deployment campaign…

Vår Energi Buys Into Lime Petroleum's North Sea Blocks, Off Norway

Jul 01, 2022

Oil and gas company Lime Petroleum has signed an agreement with Vår Energi to farm down by 10 per cent, Lime’s 40 per cent interests in licenses PL820 S and PL 820 SB in the North Sea.Lime had on April 14, 2022 signed an agreement to acquire MOL Norge 40 per cent interests in the said licenses…

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

Jul 01, 2022

India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil producers that have benefitted from higher global crude oil prices.The new taxes, announced in government orders…

Russia to Replace Sakhalin-2 Project Operator with New Firm

Jul 01, 2022

Russia will create a firm which will take over all rights and obligations of the Sakhalin Energy Investment Company amid Western sanctions imposed on Moscow, a decree signed by President Vladimir Putin said on Thursday.The 5-page decree indicates…

Offshore Oil Workers' Strike on Equinor's Platforms Could Shut 4% of Norway's Oil Output

Jun 30, 2022

Some 74 Norwegian offshore oil workers at Equinor's Gudrun, Oseberg South and Oseberg East offshore platforms will go on strike from July 5, the Lederne trade union said on Thursday, likely shutting about 4% of Norway's oil production.The announcement by Lederne…

Norway: Lederne Oil Workers Reject Wage Deal

Jun 30, 2022

Members of the Lederne labour union representing Norwegian oil workers have voted against a wage deal negotiated with oil companies, a state-appointed mediator said on Thursday.It was not immediately clear if Lederne's members would go on strike as a result of the vote…

Drydocks Orders Kanfa FPSO Topside Module

Jun 29, 2022

UAE-based shipyard Drydocks World has signed a contract with Norway-based Kanfa to deliver a topside module for a floating production storage and offloading vessel.In what will be the first collaboration between Drydocks World and Kanfa, the M10 module will be placed on the main deck of the FPSO…

Current News

Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG - Minister

Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG - Minister

Five-year Plan: U.S. to Hold Between Zero and 11 Offshore Drilling Lease Sales

Five-year Plan: U.S. to Hold Between Zero and 11 Offshore Drilling Lease Sales

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

Teekay Sells Sevan Hummingbird FPSO to Ping Petroleum

Teekay Sells Sevan Hummingbird FPSO to Ping Petroleum

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