The Louisiana Offshore Oil Port (LOOP), the largest deepwater oil import and export terminal on the U.S. Gulf Coast, has found no major damages to its marine operations during an initial review [of the impact of the hurricane Ida], but operations remain offline as assessments continue…
Chevron Corp on Tuesday said production remains shut in at its Chevron-operated Gulf of Mexico platforms due to Hurricane Ida.The Fourchon terminal and Empire terminal and their related pipeline systems are also shut in, the company said in a note…
Norway's government has proposed overhauling taxation of its oil and gas firms by scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country's top industry…
Indonesian oil and gas regulator SKK Migas has approved the Plan of Development (POD) for the Ubadari gas field and Vorwata Carbon Capture Utilization and Storage (CCUS) project, as the next stage of development at the Tangguh LNG project in Papua Barat…
Norway's Equinor said on Monday it will take days for the energy company to have 'a clear picture' of Hurricane Ida's impact on its Titan oil platform in the U.S. Gulf of Mexico.Some oil companies have started aerial evaluations to evaluate…
Oil production in the U.S. Gulf of Mexico on Monday remained largely halted in the aftermath of Hurricane Ida, with 1.72 million barrels of output suspended, according to offshore regulator the Bureau of Safety and Environmental Enforcement (BSEE)…
Mexican state oil firm Petroleos Mexicanos (Pemex) said on Monday that it has resumed 421,000 barrels per day in oil production and brought back online 125 wells following a deadly fire at an offshore platform on Aug. 22.The accident in the…
INEOS E&P has completed the acquisition of Hess' subsidiary Hess Denmark for $150 million. Hess will use the proceeds to fund its projects in Guyana.With the acquisition, first announced in March, INEOS has become the owner of 61.5% of the Hess-operated Syd Arne oil field…
UK-based oil firm Spirit Energy is set to decommission another oil field in the UK North Sea.Just days after receiving approval for the decommissioning plan for its Ensign field, Spirit Energy said Monday it would file a decommissioning program for its Chestnut field in the Central North Sea…
Oil and gas companies Rex International and Duta Marine have been awarded rights to operate the Rhu-Ara and Diwangsa clusters offshore Malaysia. Petronas signed the two Small Field Asset (SFA) Production Sharing Contracts with the two companies…
Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region's offshore wells and nearly half its motor fuel production and drove prices broadly higher.The storm crashed on Sunday into the Louisiana coast, tearing through U…
Shell's Malaysian subsidiary Sarawak Shell Berhad has made a final investment decision (FID) on the Timi gas development, offshore Sarawak, in Malaysia. The Timi development will feature Shell Sarawak Berhad's first wellhead platform in Malaysia…
Offshore drilling company Noble Corporation said Sunday that all workers aboard three of its drillships in the U.S. Gulf of Mexico were safe and accounted for following Hurricane Ida, with one of the three rigs experiencing hurricane-force conditions…
Norwegian oil firm Equinor said Monday it had brought online one of its most profitable projects ever, Troll phase 3 project in the North Sea, offshore Norway. Production started on Friday, August 27, at 9.25 pm.According to Equinor, the project…
Energy firms on Sunday had suspended 1.74 million barrels per day of oil production in the U.S. Gulf of Mexico, according to the Bureau of Safety and Environmental Enforcement (BSEE), as Hurricane Ida slammed into the Louisiana coast as a Category 4 storm…