Production News

 

Vaalco Restarts Production from Baobab Field after FPSO Overhaul

1 hour ago

Vaalco Energy has resumed production from the Baobab field on the CI-40 block offshore Côte d’Ivoire following the completion of refurbishment work on the Baobab Ivoirien floating production, storage and offloading (FPSO) vessel.Hydrocarbon operations at the field were halted in January 2025 as part of a planned refurbishment program for the FPSO. Following a nine-month overhaul in Dubai, the vessel returned to Côte d’Ivoire in the second quarter of 2026…

OneSubsea to Deliver Subsea Boosting System for BP’s Thunder Horse

Jun 08, 2026

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract by BP to provide a subsea boosting system for the Thunder Horse project, a development in the deepwater portion of Gulf of America.As part of the engineering…

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Jun 04, 2026

Kuwait could restore nearly 70% of its oil production within six to eight weeks after the Strait of Hormuz reopens, Kuwait Petroleum Corporation's managing director for international marketing, Shaikh Khaled Ahmad Al-Sabah, said on Wednesday…

Indonesia Targets Higher Oil and Gas Output in 2027

Jun 03, 2026

Indonesia's upstream oil and gas regulator SKK Migas told a parliamentary hearing on Wednesday that it will aim to lift 612,500 barrels of oil per day (bpd) and 5,469 million standard cubic feet per day (mmscfd) of gas next year.Indonesia's…

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Jun 01, 2026

BP and its partners have started non-associated gas (NAG) production at the Azeri-Chirag-Gunashli (ACG) field offshore Azerbaijan, marking the first commercial gas production from one of the world's largest oil-producing fields.The initial gas…

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Jun 01, 2026

Iran has restored gas production at three offshore platforms in the South Pars gas field that had been forced to halt output after Israeli attacks disrupted processing capacity at some onshore facilities, the chief executive of the Pars Oil and Gas Company told state media on Sunday…

Export Curbs Should not Harm Australia's Biggest LNG-producing State

May 27, 2026

Western Australian premier Roger Cook said on Wednesday he had been 'assured' by federal Resources Minister Madeleine King that a new government policy of reserving 20% of gas output for domestic use would not harm his state's large LNG industry…

CNOOC Starts Full Production at Bohai's Kenli Oilfield

May 27, 2026

China's CNOOC said on Wednesday that it has started full production at the Kenli 10-2 oilfield Phase I in the south Bohai Sea, offshore northern China, with output exceeding 20,440 barrels of oil per day, state media reported.China's biggest…

MISC Reports First Quarter Increase in Revenue

May 26, 2026

The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the company’s Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days…

Karoon Restarts Production at Brazilan Field After FPSO Overhaul

May 26, 2026

Karoon Energy has restarted production from the Baúna project offshore Brazil following a planned 28-day shutdown tied to maintenance and revitalization work on the floating production, storage and offloading (FPSO) unit.The company said production has ramped up to approximately 11…

QatarEnergy, ExxonMobil Explore Cyprus Gas Exports via Egypt’s Infrastructure

May 21, 2026

QatarEnergy has signed a memorandum of understanding (MoU) with the Egyptian government and ExxonMobil to study the potential development and commercialization of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure…

Shell’s Deepwater Mars Hits One Billion Barrels, with More to Come (Video)

May 21, 2026

Shell’s Mars platform has produced its billionth barrel of oil equivalent, becoming the first single offshore platform in the Gulf of America to reach the milestone nearly three decades after production began.The deepwater oil and gas platform…

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

May 15, 2026

The new UFC23 sensor combines improved resolution and offset stability with ultra-low standby current, enabling high-end battery-powered water, heat, gas and leak detection meter designs across a wide range of smart metering applications.ScioSense…

Perenco Brings Davy Gas Field in North Sea Back to Life

May 15, 2026

Perenco UK has restarted production from the Davy gas field in the Southern North Sea more than five years after the asset was shut in.The company said production from Davy wells A3 and A5 restarted in late April 2026 following a revival project…

Norway O&G Revenue Forecast Jumps 30% for '26

May 12, 2026

Norway's government said it expects the state to earn 721.1 billion crowns ($78.71 billion) this year in revenue from oil and gas production, up from $60.7B initially forecast, as the Iran war pushes up energy prices.Norway produces around 4 million barrels of oil equivalent per day…

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