Offshore Production News - page 2

Life Extension Green Light at Tambar

Jul 29, 2022

Norway's Petroleum Safety Authority Norway has given operator Aker BP consent for life extension of the Tambar field in the Norwegian North Sea.The Tambar field is part of production license 065, for which Aker BP is the operator. Consent includes…

TotalEnergies FIDs £850 Million Angolan Tieback

Jul 29, 2022

TotalEnergies has made a final investment on the $850 million Begonia project in Block 21, Angola. The project is the first development of block 17/06, 150 kilometers off the Angolan coast, in agreement with concession holder Agência Nacional de Petróleo…

BP Reserves Yinson FPSO for Angola

Jul 28, 2022

BP has reserved Yinson's Nganhurra floating, production storage and offloading (FPSO) vessel for use on its proposed 10-well subsea Palas, Astrea and Juno oil fields (PAJ Project), on Block 31, offshore Angola.Under an agreement signed between BP and Yinson…

Odd Job Multiphase Boosting for OneSubsea, Subsea 7

Jul 28, 2022

OneSubsea and its alliance partner, Subsea 7 have won an engineering, procurement, construction and installation (EPCI) contract on Kosmos Energy's Odd Job field in the US Gulf of Mexico.Through the EPCI contract with Kosmos, OneSubsea, the subsea technologies…

Hess Corp Profit Rises Nine Times as Crude Prices Surge

Jul 27, 2022

U.S. oil and gas producer Hess Corp reported a nine-fold increase in second-quarter adjusted profit on Wednesday, helped by a surge in energy prices following Russia's invasion of Ukraine.Oil prices have scaled multi-year highs this year as…

Exxon Accelerates Production in Guyana, Makes Two New Discoveries

Jul 27, 2022

Exxon Mobil Corp said on Tuesday it has made two new oil discoveries offshore Guyana and that it has already exceeded its original year-end daily production target for the South American country.The announcements are part of Exxon's efforts…

Wintershall Dea Looks to Domestic Production as Russia has 'Destroyed' Trust

Jul 26, 2022

Germany's Wintershall Dea, a shareholder of the Nord Stream 1 pipeline and longstanding Gazprom partner, on Tuesday said it would look to increase domestic oil and gas output since Russia has lost its status as a reliable energy supplier.If…

Shell to Develop Jackdaw Gas Project in the UK North Sea

Jul 25, 2022

Supermajor Shell on Monday said it will develop the Jackdaw gas field approximately 250 kilometers east of Aberdeen, Scotland in the U.K. North Sea.The Jackdaw field is 100% owned and operated by Shell U.K. affiliate BG International, which…

Galp Profit Leaps 90%

Jul 25, 2022

Portuguese oil and gas company Galp Energia reported a 90% jump in adjusted second-quarter profit on Monday, citing soaring oil prices and a sharp increase in its refining margin.Rapid recovery in demand after pandemic lockdowns and a surge…

Production from Nigeria's Ikike Field to Start

Jul 25, 2022

TotalEnergies, OML99 operator (40%) in partnership with the Nigerian National Petroleum Corporation (NNPC, 60%), announces the start of production from the Ikike field, in Nigeria.Located 20 kmoff the coast, at a depth of about 20 meters, the…

BW Offshore Transfers Ownership, Operation of FPSO to Pemex

Jul 25, 2022

BW Offshore Limited announced that, effective July 22, 2022, Pemex has assumed the ownership and operation of the FPSO Yùum K’ak Náab in accordance with the terms of the 15 year FPSO financial lease contract that commenced in 2007.Following the transfer…

Woodside Clarifies Oil and Gas Output Outlook after Share Price Drop

Jul 22, 2022

Woodside Energy Group on Friday said a cut in its production outlook, which had rattled investors on Thursday, was due to a change in conversion factors and did not reflect any change in physical product volumes.Woodside's shares fell 4% on Thursday after it said its full year output…

Petronas to Contribute $13.25B to Malaysian Gov't Coffers in 2022

Jul 22, 2022

Malaysia's state energy firm Petronas is forecast to contribute to government coffers as much as 59 billion ringgit ($13.25 billion) this year, a cabinet minister said in a statement to parliament published Friday.Petronas contributions are a significant source of revenue for the federal government…

Petrobras' Oil Output Drops on Asset Sales, Work Stoppages

Jul 22, 2022

Oil production at Brazil's Petrobras fell in the second quarter as asset divestments, and increased work stoppages took their toll, while the company's refinery utilization rate hit a whopping 97%.In a securities filing, Petroleo Brasileiro…

SBM Offshore Closes $1.75B Financing for Its Largest FPSO Yet

Jul 21, 2022

Dutch FPSO leasing specialist SBM Offshore said Thursday it had completed the US$1.75 billion project financing for the FPSO One Guyana. The company has previously said that this would be the company's largest FPSO so far. It will be deployed at ExxonMobil's Yellowtail development…

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