Malaysia's SapuraOMV Upstream on Thursday announced stable production from its Bakong gas field project under the SK408 Production Sharing Contract (PSC), offshore Malaysia.'The production phase started in June 2020. This follows the successful…
UK-based oil and gas company has won three offshore licenses as part of the UK's 32nd Offshore Licensing Round. The round offered for award 113 license areas over 259 blocks or part-blocks to 65 companies.Premier Oil said that the blocks awarded were near its operated assets…
The UK government said Thursday it would review its policy on the future UK offshore oil and gas licensing regime as part of the wider aim of the country towards achieving net-zero emissions by 2050.'The review will ensure the Government has…
Venezuela's state-run PDVSA and Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions and a statement from the Italian oil company…
Norway's $1.2 trillion wealth fund will ask the companies in its portfolio that emit the most carbon dioxide (CO2) for more detailed climate-related data in order to understand the risk posed to its investments, a top official said.The world's largest sovereign fund…
Following last week's removal of the Ninian Northern platform topside from its offshore location in the UK North Sea, and its arrival to Lerwick, the topside has now been loaded out at Lerwick Harbour's Dales Voe Base.'The operation to load-in the 14…
U.S. Gulf of Mexico offshore oil output on Wednesday was down by 368,223 barrels per day, or 19.9% of the region's daily production, the U.S. Department of Interior reported, as energy companies restarted more activity in the aftermath of Hurricane Laura…
Oil and gas company Wintershall Dea has completed the installation of the risers for the Nova field development in the Norwegian North Sea, with development drilling set to follow.The Nova field is being developed as a subsea tie-back, connecting two templates to Neptune Energy's Gjøa platform…
The UK oil and gas regulator Oil and Gas Authority (OGA) has offered for award 113 license areas over 259 blocks or part-blocks to 65 companies in the 32nd Offshore Licensing Round.The round offered blocks in mature, producing areas close to existing infrastructure…
Ocean Kinetics has completed the lifting of the pontoons of the Buchan Alpha platform as part of the decommissioning program of the platform that ceased production in 2017.After some 36 years in production in the North Sea, and almost 150mm barrels of oil…
Mexican national oil company Pemex and Hokchi Energy have begun the first stage of unitization negotiations over a possible offshore shared reservoir in the southern Gulf of Mexico, Mexico's energy ministry told Reuters on Wednesday.The ministry said Pemex…
Oil and gas firm Jadestone Energy has signed new offtake arrangements for its Stag offshore oil field in W. Australia as the FSO used to take oil off the Stag platform is set to retire.Jadestone’s Stag oilfield produces crude oil via a fixed leg…
U.S.-based offshore vessel owner Harvey Gulf said Wednesday it completed an upgrade of its platform supply vessel Harvey Energy, making it the first 'tri-fuel' PSV in the U.S.Harvey completed the installation of a Wartsila battery-power system…
Airborne Oil & Gas has received an order for the delivery of two Thermoplastic Composite Pipe (TCP) Jumpers, in what the company says is the first time its TCP technology is being used in the region.The Dutch company has been contracted by Subsea 7 to supply 2” 10…
Delivery of the FPSO destined for Equinor's Johan Castberg field in the Barents Sea is expected to be delayed after the company found issues with the weld quality and fatigue calculations program.The FPSO hull was ordered by Equinor (then known…