Offshore Production News - page 3


Cyprus: Chevron to Deliver Aphrodite Field Development Concept by 2022 End

Jul 21, 2022

Cyprus' Ministry of Energy, Commerce, and Industry and Chevron on Thursday affirmed their 'mutually beneficial cooperation in viably and efficiently developing' the Aphrodite gas field, offshore Cyprus, with the plan to have a development concept ready by the end of the year…

Woodside Cuts Output Guidance on Gulf of Mexico Project Delay

Jul 21, 2022

Australia's Woodside Energy Group trimmed its production outlook for 2022 on Thursday and flagged a possible delay to a U.S. oil project inherited with BHP Group's petroleum assets, sending its shares down 4%.Woodside, now a top 10 global independent oil and…

ConocoPhillips Eyes US Gulf of Mexico Exit

Jul 20, 2022

ConocoPhillips is exploring a sale of its stake in the Ursa platform and Princess subsea well in the Gulf of Mexico, people familiar with the matter said on Wednesday, in what would mark its exit from deepwater energy production off the U.S…

Shell Places US Gulf of Mexico Assets Up for Sale

Jul 20, 2022

Shell is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday.Potential divestments of some aging…

Oil Platform Worker Airlifted Near Southwest Pass

Jul 20, 2022

An oil platform worker was medevaced Wednesday morning approximately 20 miles southeast of Southwest Pass, La.The U.S. Coast Guard said its watchstanders at Sector New Orleans received notification at 11:38 p.m. Tuesday from the oil platform…

'Material' Resource Boost for Chariot's Gas Assets Offshore Morocco

Jul 20, 2022

Africa-focused oil and gas company Chariot on Wednesday announced a 'material increase' in gas resource estimates for its assets offshore Morocco, as it works to reach a final investment decision for the Anchois gas field development.The company…

Oil Supply Crunch is Coming, ConocoPhillips CEO Says

Jul 20, 2022

ConocoPhillips' chief executive on Tuesday warned of looming crude oil shortages and price volatility, citing limited spare capacity among the Organization of the Petroleum Exporting Countries and slow U.S. output gains ahead.Ryan Lance, head of the largest U…

Libya's New Govt-named NOC Chief Says No Change to Company Status

Jul 19, 2022

Farhat Bengdara, who was declared chairman of Libya's National Oil Corp last week by the Government of National Unity in Tripoli, said his appointment did not change the company's legal position after its validity was challenged.'I am aware…

Brazil: Equinor Brings Peregrino Offshore Field Back Online

Jul 19, 2022

Norwegian oil and gas company Equinor has restarted oil production from the Peregrino offshore field after it was suspended in April 2020.The field was brought back online on June 16, 2022. Production was shut down in April 2020 and Equinor has since thenexecuted a major program of maintenance…

Afentra to Buy Further Stake in Shallow-water Area Offshore Angola

Jul 19, 2022

Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, has agreed to buy interests in two shallow-water offshore blocks in Angola from the Croatian oil company INA - Industrija Nafte.To remind, Afentra in April agreed to buy a 20% non-operated interest in Block 3/05…

Libya Oil Chief says Full Output to Resume after Deal

Jul 18, 2022

Libyan oil output will resume from all shuttered fields and ports, the Tripoli government's newly installed head of National Oil Corporation (NOC) said on Friday after meeting groups that have blockaded the facilities for months.The decision…

Guyana Races Against the Clock to Bank Its Offshore Oil Bonanza

Jul 18, 2022

For the poor, small South American country of Guyana, there's no time like the present when it comes to reaping the rewards of its offshore oil jackpot.With sky-high oil prices, a transition to renewable energy on the horizon, and 750,000 citizens desperate for better lives…

Worley's Engineering & Procurement Services for Shell's Gulf of Mexico Platform

Jul 18, 2022

Worley has won a three-year contract with Shell to provide engineering and procurement services for several of its assets in the Gulf of Mexico (GOM).Worley will provide professional services in engineering, procurement, project services and support fabrication and construction…

EU Eyes Increased Imports of Azeri Gas in Pivot Away from Russia

Jul 15, 2022

The European Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this, according to a draft document seen by Reuters.The draft memorandum of understanding…

VAALCO, TransGlobe Set to Merge

Jul 14, 2022

Africa-focused oil and gas company VAALCO Energy has agreed to merge with TransGlobe Energy Corporation in a deal that will see VAALCO acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination transaction valued at US$307 million…

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