Offshore Production News - page 2

Beach Energy Boosts Gas Supply to Australian East Coast Market with Two Otway Basin Wells

May 17, 2023

Australian oil and gas company Beach Energy said Wednesday it had connected the offshore Otway Basin Thylacine North 1 and 2 development wells to the Otway Gas Plant and is now delivering additional gas into the Australian East Coast gas market…

Report: US Gulf of Mexico Oil Production Leads on GHG Intensity

May 16, 2023

The US National Ocean Industries Association (NOIA) has released a study on global oil production emissions that finds that the greenhouse gas intensity of US oil production, particularly in the U.S. Gulf of Mexico, is significantly lower than most other regions around the world…

Norway's Energy Minister to Formally Open Revamped Njord Field Facilities

May 15, 2023

Equinor-operated Njord field in the Norwegian Sea will be officially opened Monday by the Norwegian minister of petroleum and energy, Terje Aasland. The platform and the floating storage and offloading vessel (FSO) have undergone extensive upgrades…

TechnipFMC Wins Major Contract for SURF System Offshore Brazil

May 11, 2023

Oilfield services firm TechnipFMC has won a contract to supply subsea umbilicals, risers, and flowlines (SURF) for the recently sanctioned $9 billion BM-C-33 offshore development in Brazil.The contract was awarded by Equinor, the operator of the offshore block…

BNP Paribas Will No Longer Finance Development of New Oil and Gas Fields

May 11, 2023

BNP Paribas, France's largest bank, will no longer provide any financing dedicated to the development of new oil and gas fields, and it reiterated it targets an 80% cut of its oil exploration financing by 2030. 'BNP Paribas no longer provides…

Ecopetrol to Boost Exploration, Warns of Production Hit

May 11, 2023

Colombia's majority state-owned energy company Ecopetrol will be more aggressive in exploring for oil under existing contracts, Chief Executive Ricardo Roa said on Wednesday, as the company warned external factors including weather and security issues could hit production…

BP Ventures Back into Offshore Oil Frontiers to Boost Output

May 10, 2023

BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions. The move comes as companies…

'Too Late' - Nigerian Claimants Denied Right to Sue Shell Over 'Devastating' 2011 Offshore Oil Spill

May 10, 2023

The UK Supreme Court ruled on Wednesday that it was too late for Nigerian claimants to sue two Shell subsidiaries over a 2011 offshore oil spill they say had a devastating long-term impact on the coastal area where they live.The case was one…

ABS Studies Near-Shore Green Hydrogen Production in Korea

May 09, 2023

ABS has signed an MoU with Korean industry leaders to produce a feasibility study for a near-shore floating platform for green hydrogen production and liquefaction.The partners include the Korea Institute of Energy Technology; HD Korea Shipbuilding and Offshore Engineering…

Indian Court Upholds Tribunal Ruling Favoring Reliance in Gas Migration Dispute

May 09, 2023

Delhi High Court has upheld the ruling of an arbitration panel favoring Reliance Industries and its foreign partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd, a court order shows. The oil…

Enquest to Boost Gas Output from Malaysia's Seligi Offshore Field

May 09, 2023

Oil producer Enquest said on Tuesday it signed an agreement with Petronas to produce additional gas from the Seligi field in Malaysia through existing infrastructure until the end of 2025. The deal is expected to increase EnQuest's gas production by around 25 million standard cubic feet per day…

Petrobras' Anna Nery FPSO Starts Production

May 08, 2023

Brazilian oil firm Petrobras said Monday that the FPSO Anna Nery started production on Sunday, May 7, 2023, in the  Campos Basin.The FPSO is part of the revitalization project of the Marlim and Voador fields, which will produce the post-salt reservoirs and Brava…

Equinor and Partners Invest $9 Billion in BM-C-33 Offshore Project in Brazil

May 08, 2023

Equinor, Repsol Sinopec Brasil, and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is approximately USD 9 billion.Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar…

Petrobras Will Only Build Part of Offshore Oil Platforms in Brazil, Top Executive Says

May 08, 2023

Petrobras will not do all of its shipbuilding work in Brazil, a top executive said, dashing industry hopes the state-controlled oil firm would review its awarding process to spur job creation. Steel groups, shipping unions and 14 other organizations…

Equinor's Hammerfest LNG Plant Offline after Outage

May 05, 2023

Equinor's Hammerfest LNG plant in Arctic Norway suffered a compressor failure on Thursday and is expected to remain offline until May 19, Norwegian gas system company Gassco said in a regulatory note on Friday. The outage was caused by a technical…

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