Offshore Production News - page 124


Viaro Energy Sells Foinaven Field Stake to BP

Dec 16, 2021

Viaro Energy's subsidiary Rockrose UKCS 10 Ltd has struck a deal to sell its 28% non-operated stake in the Foinaven offshore oil field, west of Shetland, to BP.The Foinaven oil field sits 190 kilometers west of Shetland in water depths of between 350 and 520 meters and is operated by BP…

Eni to Bring Online Giant Offshore Discovery in Ivory Coast in 2023

Dec 15, 2021

An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas, the Ivorian government said on Wednesday.Production will then ramp up in 2026 to between 75…

Aker BP to Tie Back Hanz Discovery to Ivar Aasen Platform

Dec 15, 2021

Norwegian oil and gas company Aker BP has sanctioned the development of the Hanz discovery in the Norwegian part of the North Sea. 'The project has matured a solution involving reuse of existing infrastructure, which both strengthens project economics and minimizes the environmental footprint…

Reuters: Equinor Seeks $1B from Martin Linge Field Stake Sale

Dec 14, 2021

Norwegian energy group Equinor plans to sell a stake in its Martin Linge oilfield in the North Sea, hoping to raise more than $1 billion, industry and banking sources told Reuters.The sale is aimed at reducing Equinor's large stake in the field…

IEA: Omicron Impact Aside, Oil Supply Set to Top Demand

Dec 14, 2021

A surge in COVID-19 cases and the emergence of the Omicron variant will dent global demand for oil, the International Energy Agency (IEA) said on Tuesday, but the broader picture is one of increasing output set to top demand this month and soar next year…

Output from Petrobras' Manati Offshore Gas Field Shut Down Again

Dec 14, 2021

Brazilian oil firm Petrobras has informed that gas production from its Manati offshore gas field in Brazil, was halted due to the closure of the subsea valve of the export pipeline. In a separate statement, Petrobras partner Enauta said the…

Exxon Proposing to Build Supply Base for Guyana Project

Dec 13, 2021

Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse.A coming onshore…

Kanfa to Build New Oil Train for Energean Power FPSO

Dec 13, 2021

Oil and gas company Energean, working to develop the Karish gas field offshore Israel, has signed an EPC contract with process engineering business Kanfa for the supply of a second, 700-tonne oil train for the Energean Power FPSO, which is currently under construction in Singapore…

Saipem to Use 'Largest-ever' Vibratory Hammer at Calvados Offshore Wind Farm

Dec 10, 2021

Dieseko has secured a contract with Italian offshore services firm Saipem for the supply of the Vibratory Hammer used to install the monopiles on the Calvados offshore wind farm in France.Saipem in February 2021 secured a contract worth 460…

Chevron, Equatorial Guinea Pen Production Sharing Agreement for Offshore Block

Dec 10, 2021

Oil major Chevron and the government of Equatorial Guinea have signed a production-sharing agreement for an offshore block in the Douala Basin, oil minister Gabriel Mbaga Obiang Lima said on Thursday.The agreement grants Chevron 80% ownership over block EG-09…

NEO Energy Wraps Buy of Exxon's UK North Sea Fields

Dec 09, 2021

NEO Energy has completed the previously announced acquisition of a portfolio of non-operated oil and gas assets in the UK Central and Northern North Sea from ExxonMobil. The company made the announcement on Wednesday.North Sea-focused oil company…

Aker Solutions to Deliver Fifth Subsea Compression Module for Equinor's Åsgard Field

Dec 09, 2021

Norwegian firm Aker Solutions has won a contract with Equinor to deliver engineering, procurement, and construction (EPC) of a subsea compression module to be installed subsea at the Åsgard gas field, offshore Norway. The scope covers EPC of…

Gazprom Neft Expects Record Production This Year

Dec 09, 2021

Gazprom Neft, the oil arm of Russian gas giant Gazprom, expects its hydrocarbon production to exceed 100 million tonnes of oil equivalent this year, reaching a record high, it said on Thursday.Gazprom Neft had aimed to reach the 100 million…

UK Court Hears Climate Case Against Tax Regime for Oil Firms

Dec 09, 2021

Climate activists, including a former oil refinery worker, accused the UK government in the high court on Wednesday of illegally subsidizing fossil fuel producers through tax incentives which undermine its climate goals.Climate activists are…

Prosafe's Flotel Extends Stay in Trinidad

Dec 09, 2021

Offshore accommodation rig owner Prosafe said Thursday it had secured a contract extension in Trinidad and Tobago for its Safe Concordia flotel.The charter takes the firm operational period for the rig through to end-January 2022. The total value of the contract extension…

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