Offshore Production News - page 4

Libya's Oil Chief Rejects Sacking, Says Govt Mandate Expired

Jul 14, 2022

The head of Libya's National Oil Corp (NOC) on Wednesday rejected the prime minister's authority to sack him, raising the prospect of an open struggle for control of the state energy producer.In a furious televised speech, Mustafa Sanalla said…

First Gas Flows from DeNovo's Zandolie Field Offshore Trinidad & Tobago

Jul 13, 2022

First gas has started flowing from DeNovo Energy's Zandolie field offshore Trinidad & Tobago, developed using a wind- and solar-powered unmanned platform.Zandolie, which took $52 million to develop, is DeNovo's second offshore field development…

Tullow Expects Cashflow of $200M at Oil Price of $95/bbl

Jul 13, 2022

Africa-focused Tullow Oil said on Wednesday it expected to make $200 million in free cashflow this year at an average oil price of $95 a barrel, adding that it sees no cashflow in the first half after an arbitration payment and an acquisition…

Anna Nery FPSO Leaves China Shipyard Ahead of Journey to Brazil

Jul 12, 2022

The Anna Nery FPSO, bound for Petrobras' Marlim offshore field in Brazil, last Friday left the Cosco Qidong shipyard in China, marking the start of its journey to Brazil.The FPSO, to be provided to Petrobras by Malaysian FPSO provider Yinson…

Waldorf Production to Buy Alpha Petroleum, Owner of North Sea Cheviot Field

Jul 11, 2022

Waldorf Production and Shorelight Partners today announced the signing of a sale and purchase agreement for the acquisition of the entire share capital of Alpha Petroleum, an upstream oil and gas company focusing on the UK North Sea, by Waldorf…

Bowleven, Lukoil Clear Path for Perenco to Take Over New Age's Stake in Etinde Block, Off Cameroon

Jul 08, 2022

Perenco has moved a step closer to acquiring New Age's interests in the Etinde permit offshore Cameroon, and operatorship of the Etinde JV, after New Age's partners Bowleven and Lukoil chose not to exercise their pre-emption rights.The proposed deal was first announced on June 7…

Norway Approves Aker BP's Frosk Field Development Plan. First Oil in 2023

Jul 08, 2022

The Norwegian Ministry of Petroleum has approved Aker BP's plan for the development and operation of the Frosk field in the Alvheim area, in the North Sea, offshore Norway.The Frosk field, discovered in 2019, is located around 25 kilometers southwest of the Alvheim FPSO…

EXPLAINER: How Can Japan Secure Enough Gas if Sakhalin Supply Is Cut

Jul 08, 2022

Resource-poor Japan is facing a historic energy security risk as tensions with Moscow intensify, heightening the threat of gas supply disruptions at a time when global supply is tight and spot prices are sky-high.Last week, Russia seized full…

UK Oil Sector Secures Changes to Windfall Tax, Want More Amid Gov't Chaos

Jul 07, 2022

Britain's main oil and gas sector said it had secured some changes to a planned windfall tax but is seeking further allowances from the new Finance Minister Nadhim Zahawi, with the bill set to go through parliament on Monday.Former finance minister Rishi Sunak…

After Sakhalin-2 Russia to Take Sakhalin-1 Project Under Its Control

Jul 07, 2022

Pavel Zavalny, the head of the energy committee in Russia's lower house of parliament, said on Thursday that the Sakhalin-1 oil and gas project in the country's far east, will be put under Moscow's jurisdiction, just like neighboring Sakhalin-2…

New Fortress Energy to Deploy FLNG Unit to Develop Mexico's Deepwater Gas Field

Jul 07, 2022

After Mexico's Pemex said Sunday it had signed a deal with the U.S. firm New Fortress Energy (NFE) to develop the Lakach deepwater gas/condensate field, the confirmation also came from NFE, which shared more info on the development plan.The…

Equinor Restarting Production from Offshore Fields Affected by Strike

Jul 07, 2022

Oil and gas company Equinor said Wednesday that its Gudrun, Oseberg South, Oseberg East offshore fields had started run-up of production, after the strike among members of the Norwegian Organisation of Managers and Executives (Lederne) was called off…

Oil Drops to 12-week low on Recession, COVID-19 Worries

Jul 06, 2022

Oil prices dropped to a 12-week low in volatile trade on Wednesday, extending Tuesday's heavy losses as growing fears of demand destruction from a global recession outweighed supply concerns.Brent LCOc1 futures for September delivery fell $2…

Canada: Offshore Safety Watchdog Lays Charges for 2019 Oil Spill

Jul 06, 2022

Offshore oil and gas safety regulator The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has laid three charges against Hibernia Management and Development Company Ltd. (HMDC) for alleged offenses related to a spill of petroleum…

Alan Curran Becomes Interim CEO of Providence Resources

Jul 06, 2022

The Irish-based oil and gas company Providence Resources, focused on developing the Barryroe field in the Celtic Sea, off Ireland, has appointed Alan Curran as Interim Chief Executive effective.Following Curran's appointment, James Menton reverts to his role as non-executive Chairman of the Board…

Current News

Saipem in Talks to End Its Arctic LNG 2 Projects in Russia

Keppel Terminates Semi-sub Rig, Jack-up Rig, and Liftboat Orders as Clients Fail to Pay Up

MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs

International Breakthrough: Reach Subsea's OCTIO Nets 4D Geophysical Monitoring Work in Australia

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