Chinese offshore oil company CNOOC Limited has started oil production from its Kenli 6-1 Oilfield 10-1 North Block Development Project, offshore China.The development project locates in the south of Bohai Sea, with an average water depth of about 19 meters…
FPSO-leasing specialist BW Offshore has secured a short-term contract extension for its Petroleo Nautipa FPSO.The contract will see production extended from September 20 to October 4, 2022, ahead of demobilization. The spread-moored FPSO has…
Asia Pacific-focused oil and gas company Jadestone Energy has yet to restart production from its Montara Venture FPSO, off Australia, following a shutdown in August. The company said Monday it was 'not in a position to provide guidance on a possible Montara production restart date…
Natural gas flows from Russia to Europe along key routes were steady on Monday morning, while the Nord Stream 1 pipeline remained shut.Eastbound natural gas flows through the Yamal-Europe pipeline to Poland from Germany were steady.Exit flows…
Brazil's state-run oil company Petrobras has said it's ending a process to sell its Albacora concession, located in deep waters of the Campos Basin.Petrobras had been negotiating with PetroRio over the sale of the field. However, it says 'despite the efforts of both parties…
British Prime Minister Liz Truss' plans to spur new North Sea oil and gas production and lift a ban on fracking will test investor appetite for new fossil fuel projects, but are unlikely to ease the current energy crunch.Truss, who took office on Tuesday…
U.S. oil and gas firm Hess Corp says first oil began flowing last month from a Shell-operated Llano-6 well in the U.S. Gulf of Mexico, a project for which it owns a 50% stake. Hess, best known for its 30% interest in the Exxon Mobil-operated Guyana offshore oil and gas development…
Oil producers in Guyana are boosting exports to European buyers seeking alternatives to Russian crude, according to vessel monitoring data.Government bans on Russian oil since the invasion of Ukraine have spurred demand for alternative crudes…
The British government is expected to announce dozens of new North Sea oil and gas exploration licenses in an effort to boost domestic production, two sources familiar with the government's discussions said.The exact number of new licenses was still to be confirmed…
Britain's new prime minister, Liz Truss, said on Wednesday she wanted to see more extraction of oil and gas from the North Sea and more investment in nuclear power.Speaking at her first prime minister's question time in parliament, Truss said…
EnQuest urged Britain under new premier Liz Truss to offer investment incentives to North Sea oil and gas companies in order to help the country secure its domestic energy supplies.Amjad Bseisu, CEO of the North Sea-focused oil producer, said…
TotalEnergies has lodged its production license application for Block 11B/12B offshore South Africa, the national petroleum regulator said on Tuesday, before a deadline expired which might have seen the oil major forfeit its right to develop the huge discovery…
Guyana could bank about $1.25 billion this year from the sale of oil as its share of offshore production and royalties, up 30% from a prior estimate, the government's finance ministry said over the weekend. Historically one of South America's poorest nations…
International oil major Shell has, together with Malaysia's Petronas, reached a final investment decision (FID) to develop the Rosmari-Marjoram deepwater sour gas fields, discovered in 2014, offshore Bintulu, Sarawak, Malaysia.Shell,which is the operator of the project with an 80 percent stake…
Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, the southern African nation's mines and energy minister said on Friday. Both companies announced earlier this…