Equinor's Arctic Johan Castberg oilfield is expected to reach full production of some 220,000 barrels per day in the first half of 2025, a senior company official said on Tuesday.The oilfield in the Norwegian part of the Barents Sea is set to…
An Exxon Mobil consortium's crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company spokesperson said on Monday.Output had fallen to between 400,000 and 500…
Test output at China National Offshore Oil Corp's Deep Sea No. 1 A-12 offshore gas field reached 830,000 cubic meters per day, state media said on Monday.State-run CCTV said the project was China's first deepwater high-pressure natural gas development project…
North Sea oil and gas company Ithaca Energy reported a nearly 34% fall in net profit for the first half of the year on Thursday, hurt by lower production, a decline in natural gas prices and impairment charges.Shares of Ithaca, fell about 2…
Norway's Equinor has begun work to resume output at its Gullfaks C oil and gas platform in the North Sea after a shutdown on Sunday, a company spokesperson said on Tuesday.The incident was caused by problems with one of the platform's wells…
FourPhase, a specialist in solids and production performance for the oil and gas industry, announced it has secured three new or extended service contracts with international operators, reinforcing its role in maintaining sand-producing wells…
Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners, Prime Minister Mostafa Madbouly said in a press conference on Thursday.The North African country had aimed to become a regional…
In the next few weeks, Saudi Arabia and its OPEC⁺ allies must take a delicate decision about whether to proceed with planned production increases from October, or postpone them because of an uncertain economic outlook.The recent slides in front-month Brent futures prices…
Izomax scored a milestone frame agreement with Shell, a deal that will enable Shell to leverage Izomax's patented AOGV technology to reinvent plant maintenance procedures.The three-year frame agreement allows Shell to fulfill ambitions for…
Norwegian oil and gas companies should boost investments in exploration and production to slow an expected decline in the country's output in the coming years, the national petroleum industry regulator said in a resource report on Wednesday…
Aize announced an expansion of the strategic collaboration with Aker BP to include a Software-as-a-service (SaaS) agreement for all relevant facilities.Aize and Aker BP have focused their combined development efforts on two areas: Develop…
An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said.Chevron last October offered to pay $53 billion for Hess…
Production at Libya's Sharara oilfield has risen to about 85,000 barrels per day in a move aimed at supplying the Zawia oil refinery.Libya's National Oil Corporation (NOC) had declared force majeure on oil exports from the field on August 7 after a blockade by protesters hit production at the 300…
Eni reports it started gas production from the Argo Cassiopea field, coming from one of the four subsea wells drilled in recent months in the Strait of Sicily. Once captured, the gas is transported through a 60 km subsea pipeline to the Gela processing plant…
Canada-based oil and gas company Valeura Energy has produced first oil from its Nong Yao C development offshore Thailand.The first three of the seven Nong Yao C development wells were opened up for oil production on August 15, 2024, with additional wells to be brought online successively thereafter…