Offshore Production News

Subsea 7 Nets 'Substantial' Offshore Platform Order in Angola

Jan 22, 2021

Offshore installation and construction firm Subsea 7 said Friday it had won a substantial contract - so, worth between $150 million and $300 million - to deliver a 'lean gas platform' system to Cabinda Gulf Oil Company Limited (CABGOC) offshore Angola…

PetroRio Nears Full Takeover of Frade Offshore Field. Decom Costs Cut

Jan 22, 2021

Brazilian oil company PetroRio has received regulatory approval to acquire a 30% stake in the Frade oil field in the Campos Basin offshore Brazil from Petrobras.The company expects that the procedures for the assignment of 30% interest to PetroRio will be completed in the upcoming days…

Italian Prosecutors Want JPMorgan Files in Eni, Shell Nigeria Bribery Case

Jan 21, 2021

Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition of an oilfield in Nigeria by Eni and Shell.The long-running graft case revolves…

First Gas from Energean's Karish Field Could Be Delayed for 2022

Jan 21, 2021

Energean said on Thursday the first gas from its flagship Israeli fields, due to start flowing at the end of this year, could slip by two to three months.The company said this was due to delays to increasing the workforce that is building its floating production…

China's 2020 Refinery Output Rises to Record. Offshore Oil Production Grows

Jan 18, 2021

China's refineries posted record throughput in 2020, processing 3% more crude oil than a year ago, as they took advantage of low prices and healthy margins on a quick rebound in domestic fuel demand from the coronavirus pandemic.Annual throughput stood at 674…

Shell, Exxon Seek $2.55B in Dutch Subsidies for CO2 Storage

Jan 15, 2021

A consortium that includes oil majors Royal Dutch Shell and ExxonMobil has requested a total of 2.1 billion euros ($2.55 billion) in subsidies for a project to store CO2 gasses in empty Dutch gas fields in the North Sea, the Dutch Economy ministry said on Thursday…

Norway: NPD Cuts 2021-2023 Oil Output Forecast

Jan 14, 2021

Norway's oil industry regulator has cut its 2021-2023 crude production forecasts, it said on Thursday, although output is still on track to grow significantly as new fields are brought on stream.The Norwegian Petroleum Directorate (NPD) expects oil production to grow by 3…

Wintershall Noordzee Starts Gas Production from Sillimanite South Field

Jan 13, 2021

Wintershall Noordzee, a Gazprom-Wintershall Dea joint venture, has started production of the D12-B3 well, at the Sillimanite South offshore gas field in the Dutch North SeaThis gas field was discovered last year following the completion of the…

Spirit Energy Books Maersk Jack-Up Rig for North Sea Well

Jan 13, 2021

Oil and gas company Spirit Energy has hired Maersk Drilling's jack-up rig Maersk Resolve to drill one development well in the UK North Sea. The well will be drilled at the Grove North East area. Spirit Energy, a subsidiary of Centrica, said that…

Oil Rises to 11-month High

Jan 12, 2021

Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…

Norway Eyes Sea Change in Deep Dive for Metals Instead of Oil

Jan 12, 2021

Norway's oil and gas reserves have made it one of the world's wealthiest countries but its dreams for deep-sea discovery now center on something different.This time, Oslo is looking for a leading role in mining copper, zinc, and other metals…

Oceaneering and Stork Net Work on Neptune Energy's Cygnus Platform

Jan 12, 2021

Offshore services providers Oceaneering and Stork have won integrity management and fabric maintenance contracts on Neptune Energy's Cygnus platform, offshore the UK. The contracts are worth around $6.5 million.Oceaneering will supply integrity management services covering pressure systems…

Shell's Prelude FLNG Restarts LNG Shipments

Jan 11, 2021

Shell's Prelude LNG, the world's largest floating liquefied natural gas (FLNG) project, offshore Australia, has resumed LNG cargo shipments, almost one year after a shutdown caused by an electrical trip.In a brief statement sent to Offshore Engineer…

IOG: Platform Construction on Track for North Sea Project

Jan 11, 2021

UK-based oil firm Independent Oil & Gas has informed that work on the construction of the two platforms being built for its North Sea development project was progressing well with delivery scheduled for 1Q 2021. The company also said it would appoint new COO in the coming weeks…

Current News

Spirit Energy in 5-year Agreements with Subsea 7, TechnipFMC, and DNV GL

Solstad Offshore Vessel Trio Gets Renewables, Subsea Deals

Schlumberger CEO: Stage is Set for Oil Demand Recovery

Russian Pipelaying Vessels En Route to Nord Stream 2 Work Site

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