Condensate News


Norway's Oil and Gas Output Falls Behind Forecast In May

Jun 20, 2025

Norway's combined oil and gas production lagged an official forecast by 0.5% in May, the Norwegian Offshore Directorate (NOD) said on Friday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies from…

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Jun 03, 2025

BP, together with its partners, has entered into a series of agreements that will build and expand on its major oil and gas interests in Azerbaijan, paving the way for growth and additional production while deepening its partnership with the country and state oil company…

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

May 30, 2025

Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a sour gas development offshore the United Arab Emirates (UAE).OMV has agreed the sale of 5% stake in the…

BW Opal FPSO Vessel set for Work off Australia

May 28, 2025

Seatrium delivered the Floating Production Storage and Offloading vessel (FPSO), BW Opal, to BW Offshore.'We would like to express our appreciation to BW Offshore for entrusting Seatrium with their projects over the years,' said Marlin Khiew…

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

May 14, 2025

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), Petronas and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore Block I gas and condensate fields in Turkmenistan…

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Apr 28, 2025

MODEC has executed a contract with Sumitomo Heavy Industries for the delivery of Gato do Mato floating production, storage and offloading (FPSO) unit for Shell, which will be deployed offshore Brazil.MODEC and Sumitomo Heavy Industries signed…

Norway's Oil and Gas Production Declines by 4.9% in March

Apr 23, 2025

Norway's combined oil and gas production declined by 4.9% in March but still exceeded an official forecast for the month by 1.1%, the Norwegian Offshore Directorate (NOD) said on Wednesday.Norway is Europe's largest supplier of natural gas and a major producer of oil…

BP Loads First LNG Shipment from Greater Tortue Ahmeyim Project

Apr 17, 2025

BP has completed the loading of the first cargo of liquefied natural gas (LNG) for export from its Greater Tortue Ahmeyim (GTA) Phase 1 project offshore Mauritania and Senegal, following flow of first gas from the project achieved earlier in 2025…

Tyra II Starts Operating at Full Technical Capacity

Apr 10, 2025

Denmark’s largest offshore gas development, the Tyra hub in the North Sea, has been restarted with full technical capacity achieved on the facilities, following the completion of repairs which impacted the production.BlueNord, the partner in…

Tyra II Gas Development Set to Go Full Steam from Next Week

Apr 07, 2025

The Tyra II project in the North Sea, Denmark’s largest offshore gas development, is expected to start operating at its full capacity from next week, following the issues with the equipment which have restricted its production.Since March 4…

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Mar 27, 2025

India’s EPC contractor Larsen & Toubro (L&T) has secured its largest-ever contract, worth over $1.8 billion, from QatarEnergy LNG for work on the expansion of the North Field, one of the largest natural gas fields the world.The contract is for…

TechnipFMC Awarded Major Contract for Gato do Mato

Mar 25, 2025

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract worth over $1 billion by Shell for its Gato do Mato greenfield development offshore Brazil.In addition to integrated execution…

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

Mar 25, 2025

MODEC has signed an agreement with Shell for the operations and maintenance of the floating production, storage and offloading (FPSO) vessel, to be deployed at Gato do Mato deepwater field off Brazil, for a period of 20 years.The agreement follows…

Shell Makes FID for Deepwater Gato do Mato Project off Brazil

Mar 21, 2025

Shell Brasil Petróleo, a subsidiary of Shell, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater oil and gas project in the pre-salt area of the Santos Basin, offshore Brazil.The Gato do Mato Consortium includes Shell (operator with a 50% stake)…

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