Equinor's Aasta Hansteen gas field in the Norwegian Sea, which was shut on April 8 due to a gas leak, is expected to restart production on Wednesday, gas system operator Gassco said on Tuesday.'The expectation is that they will restart production tomorrow…
Norway's oil production dropped 8.2 percent in March year-on-year to 1.396 million barrels per day, lagging the official forecast for the month by 1.5 percent, Norway's Petroleum Directorate (NPD) said on Friday.Technical problems at certain…
The operator of the Mariner heavy oil field, one of Britain's largest offshore developments in years, postponed its start-up to summer 2019 on Wednesday for safety checks on the platform's electrical couplings.Originally due to come on stream…
Equinor has exercised three of six available one-month options to extend the Prosafe accommodation vessel Safe Boreas at the Mariner project in the UK sector of the North Sea, after another round of setbacks has pushed back the oil field's start-up date even further…
Production at Equinor's Aasta Hansteen gas field remained shut on Tuesday after a gas leak the previous day.'We are focusing on finding the cause of the leakage and prepare for repairing. We are still working on that,' Equinor spokesman Morten Eek said…
Development of the Finlaggan field in the UK Central North is progressing as planned and is on pace to deliver first production in the fourth quarter of 2020, operator Zennor Petroleum said in an update on Monday.The UK based company is currently…
Mediterranean focused oil and gas producer Energean announced Monday it has completed drilling operations and began producing from the extended reach well EA-H3 offshore Greece in the Mediterranean Sea.The well was brought into production on…
Oil prices rose to a five-month high on Monday, driven by expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela.International benchmark Brent futures rose 74 cents…
Offshore engineering company Aquaterra Energy said it has been awarded a contract by Lundin Norway to deliver early well construction, via its Well Start solution, on three additional wells in the Edvard Grieg field offshore Norway.The project…
One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.Dmitriev…
Equatorial Guinea, one of Africa's top natural gas producers, is struggling with the reality of dwindling oil and gas resources and the hurdle of attracting financing for the monetization of the current output from its offshore fields.The country…
The world’s publicly listed oil and gas companies are bringing in cash at the best rate ever witnessed even though oil prices have only partially recovered from the huge drop suffered in 2014 and 2015.According to a report by Rystad Energy, energy research and business intelligence company…
Total announced Tuesday it has started producing from Kaombo Sul, the second floating production, storage and offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 kilometers off the coast of Angola's capital Luanda, in water depths ranging from 1…
Oslo-based exploration and production company Mime Petroleum has reached a deal with fellow independent Vår Energi to buy into the Balder, Ringhorne and Ringhorne East fields on the Norwegian continental shelf (NCS), the partners announced Monday…
Saudi Aramco was by far the world's biggest oil producer ahead of regional peers like Abu Dhabi National Oil Company (ADNOC) and listed oil majors Royal Dutch Shell, Total and BP, ratings agency Fitch said on Monday.'Saudi Aramco is the largest oil producer globally by volume…