BP has relaunched the sale of stakes in a number of North Sea oilfields it agreed to sell to Premier Oil before the beleaguered company was taken over last year, industry sources said on Thursday.BP originally agreed to sell its interest in…
Malaysian oil and gas company Petronas has become the operator of the E11 gas hub, located 130km offshore Bintulu, Sarawak, Malaysia, effective 1 January 2021. The E11 hub which has been producing since 1982 under the MLNG Production Sharing…
Brazil's state-run oil company Petrolero Brasileiro SA produced a record 2.28 million barrels of oil per day on average in 2020, according to a securities filing on Thursday.The combined oil and natural gas output of Petrobras, as the company is known…
Canadian energy company Suncor will record in the fourth quarter of 2020 a non-cash after-tax impairment charge of approximately $425 million on its share of the White Rose asset and West White Rose Project in the Jeanne d’Arc basin off Newfoundland and Labrador…
Saudi Arabia’s announcement that it will reduce oil output by 1 million barrels per day in February and March has boosted prices and helped paper over divisions within the producer alliance, at least temporarily.The unilateral cut, announced on Tuesday…
Malaysia’s state energy firm Petronas said on Monday it expects to resume full production at its Baram facilities, off the state of Sarawak on Borneo island, in the third quarter after halting output in October following an accident.Petronas…
Sakhalin Energy, an international consortium operating an offshore gas-fed LNG plant in eastern Russia, set a record for LNG production in 2020.Sakhalin Energy said Wednesday that it had in 2020 produced and shipped a record amount of liquefied natural gas (LNG): 178…
Malaysian oil company Petronas Carigali has awarded Tanjung Offshore a contract for the provision of a mobile offshore production unit.Tanjong offshore will be responsible for the provision, operation, maintenance, of the offshore platform, as part of Bayan Redevelopment Project Gas Phase 2…
Oil production in Russia declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and sluggish demand caused by the coronavirus, statistics showed on Saturday.Russian oil and gas condensate output declined to 10…
Maersk Drilling's Maersk Inspirer jack-up rig, converted to a production platform, has been towed to the Repsol-operated Yme oil field in the North Sea, offshore Norway, OKEA, a partner in the field said Monday.'OKEA ASA...is pleased to announce…
Italian oil company Eni has extended the contract for BW Offshore's Abo Floating Production Storage Offloading (FPSO) vessel.BW Offshore, the owner of the FPSO, said Monday it had signed the extension with Eni's subsidiary Nigerian Agip Exploration…
Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline (TAP), the energy ministry said on Thursday, beginning its push into the lucrative energy market dominated by Russia.The project has the backing…
Scotland-based energy company SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production (E&P) assets to Viaro Energy for a total consideration of up to £120 million (around $160 million). The diverse…
Oil and gas company Enquest, and Qualimar, the owner of the Northern Producer offshore oil platform, have recently applied for approvals to remove the semi-submersible unit from the North Sea fields, as well as for the removal of the related riser systems…
Russian oil giant Lukoil said Tuesday its cumulative production of oil had exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.'Lukoil carried on with these projects in 2020. In particular…