U.S. Gulf of Mexico offshore crude oil production and natural gas output both remained cut by 19% on Thursday because of shutdowns forced by Tropical Storm Barry, the U.S. government said.That equals 335,000 barrels per day of crude oil and…
Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd is acquiring oil and gas rights offshore in the UK sector of the North Sea worth US$5 million (RM20.6 million).The blocks are located offshore in the United Kingdom sector of the North Sea…
Wednesday's data on offshore oil and gas production losses in the U.S. Gulf of Mexico has been delayed due to an internet outage at the U.S. drilling regulator's offices in New Orleans.The Bureau of Safety and Environmental Enforcement, which regularly compiles and publishes data on storm closings…
Australia's No 2 independent gas producer Santos Ltd said on Thursday it had clocked record gas production in the second quarter on stronger output across its Western Australia gas assets.Production for the three months to June 30 rose to 18…
Britain's Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to $12 per barrel of oil equivalent (boe) from $13 and expects debt reduction to reach the upper end of its $250-$350 million target by year-end.Premier, which had debt of around $2…
Oil firm Okea on Wednesday reported higher core earnings for the second quarter in its first-published quarterly report since its debut on the Oslo Stock Exchange.Company's earnings before interest, tax, debt and amortization (EBITDA) came in at 594 million crowns ($69…
More than half the daily crude production in the U.S. Gulf of Mexico remained offline on Tuesday in the wake of Hurricane Barry, the U.S. drilling regulator said, as most oil companies were re-staffing facilities to resume production.Bureau of Safety and Environmental Enforcement (BSEE) said 1…
The Gudrun partners have decided to invest in a water injection plant to improve declining production the Gudrun field in the middle of the North Sea, field operator Equinor announced on Tuesday. This will extend the field life by three years compared to the original plan…
Production from the Trestakk subsea field on Haltenbanken in the Norwegian Sea started on July 16, the field's operator Equinor announced. Tied back to the Åsgard A floating production vessel, the field has estimated recoverable resources of 76 million barrels of oil…
U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.There was 1.3 million barrels per day (bpd) of oil production off line in the U…
Japan’s largest exploration and production company Inpex Corporation has announced that through a subsidiary, it was awarded an exploration permit for Release Area AC/P66 (the Block) as operator in Australia’s 2018 offshore petroleum exploration acreage release…
The gas platform for the Leviathan natural gas field is on its way to Israel from the Gulf of Mexico, the partners in the project said on Sunday.The first of four barges transporting the production structure units has left Texas and the other three will set sail in the coming weeks…
Tropical Storm Barry has cut 73%, or 1.38 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday.Natural gas output from the northern Gulf of Mexico is down 62%…
Power cables manufacturer NKT announced it has been awarded a contract to supply the high-voltage power cable that will connect the Edvard Grieg oil and gas production platform to the Johan Sverdrup field center in the Norwegian sector of the North Sea…
Almost 59 percent, or 1.1 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico has been cut because of Tropical Storm Barry, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Friday…