Production News


Weir to Deliver 1,800 Sets of Wellheads and Trees for PTTEP in Gulf of Thailand

Dec 21, 2020

Oilfield equipment supplier Weir Oil & Gas has signed a five-year contract with Thailand's national oil company PTT Exploration and Production (PTTEP) to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand. The contract is valued at $70 million…

Norway Approves Neptune's Gjøa Field Expansion

Dec 18, 2020

The Norwegian Petroleum Directorate has approved the start-up of a subsea installation with two new wells on the Neptune Energy-operated Gjøa field in the North Sea, off Norway.Neptune Energy estimates the project will add 2.4 million standard cubic meters of oil equivalent (15 million bbls o…

Reliance, BP Start Production from Ultra-Deepwater Gas Field Offshore India

Dec 18, 2020

India's Reliance Industries and the British oil major BP on Friday announced the startup of production from ultra-deepwater gas field R Cluster in block KG D6 off the east coast of India. RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster…

Aker BP to Develop Gray Seal Discovery via Skarv FPSO

Dec 18, 2020

Norwegian oil and gas company Aker BP has decided to develop the Gråsel (Gray Seal) discovery in the Norwegian Sea. Aker BP, with its  Skarv field partners Equinor, Wintershall Dea and PGNiG approved the final investment decision for the Gråsel development on December 17…

Rosneft Finds 'Unique' Gas Field in the Arctic

Dec 16, 2020

Russian oil and gas giant Rosneft has said it has discovered a new 'unique' offshore gas field in the Arctic with total reserves of 514 bcm of gas and 53 million tons of condensate.Rosneft made the discovery at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea…

Aker Solutions to Hook Up Fifth Johan Sverdrup Platform

Dec 16, 2020

Norwegian oilfield services provider Aker Solutions has won a contract for the hook-up of the fifth platform on the Johan Sverdrup field, offshore Norway.According to Equinor, the operator of the field, at peak the contract will provide jobs for around 1…

Husky, Cenovus Shareholders Approve $4.78 Billion Merger Deal

Dec 15, 2020

Cenovus Energy Inc's C$6.07 billion ($4.78 billion)deal to buy Husky Energy Inc was approved by the shareholders of the two companies on Tuesday, creating Canada's No. 3 oil and gas producer in a rapidly consolidating industry.Cenovus said 93%…

Without Sharp Rise in Exploration, World Will Face Long-term Oil Supply Gap

Dec 15, 2020

Inadequate investment in exploration and new drilling may leave the world without enough oil in 20 to 30 years despite a shift towards renewable power sources, top energy analysts say.The long-term outlook contrasts with today's situation where…

CNOOC Brings Online Bohai Sea Oil Field

Dec 14, 2020

China's CNOOC said Monday that its Penglai 25-6 oilfield area 3 project has started production ahead of schedule.The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters…

Equinor Starts Production at Snorre Expansion Project

Dec 14, 2020

Equinor on Saturday, December 12, kicked off production from its Snorre Expansion Project in the North Sea, offshore Norway.The project, which will add almost 200 million barrels of recoverable oil reserves and help extend the productive life of the Snorre field through 2040…

Video: The Floating Production Market Faces Headwinds, But Opportunities Exist

Dec 11, 2020

There are around 200 offshore oil and gas projects currently being planned for development using a floating production system, however, at around $2B apiece – some up to $5B – final investment decisions will depend on the market situation and the outlook for oil and gas doesn’t seem too bright…

China: CNOOC Starts Infill Drilling at Weizhou 6-12

Dec 11, 2020

Chinese oil giant CNOOC has kicked off infill drilling operations at its Weizhou 6-12 Fields of Block 22/12, Beibu Gulf, offshore China.The news was shared Friday by CNOOC's partner Horizon Oil, which said that the two well infill drilling program…

Engie Solutions, Smulders JV to Build Another Substation for Dutch Offshore Wind Sector

Dec 11, 2020

Dutch power grid operator TenneT has ordered the offshore wind transformer substation Hollandse Kust (west Alpha) from the Engie Solutions-Smulders joint venture.This contract follows a similar one signed earlier this year, when the construction…

Aker Solutions, Equinor Sign $114M LoI for Kristin Sør Subsea Production System

Dec 11, 2020

Norwegian offshore oilfield equipment maker Aker Solutions has signed a letter of intent with compatriot Equinor for the delivery of a subsea production system to the Kristin Sør oil and gas satellite fields offshore Norway.The contract value is about NOK 1 billion ($114…

Brazil: Karoon Offloads First Oil Cargo as Bauna Field Operator

Dec 10, 2020

Australia's Karoon Energy has offloaded its first oil cargo from the  Baúna offshore oil field in Brazil it recently bought from Petrobras.The shipment produced by the FPSO Cidade de Itajaí, amounted to over 500,000 barrels of oil.The cargo…

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