Offshore Production News - page 4


Lundin Gets Nod to Start Up North Sea Field

Sep 02, 2021

Swedish oil and gas firm Lundin Petroleum has received approval from the Norwegian authorities to start up its Solveig field in the North Sea. offshore Norway.Expected to start production this autumn, Solveig will produce from subsea production facilities tied into the Edvard Grieg field…

EnQuest Lowers Output Guidance on Magnus Field Declines

Sep 02, 2021

Oil producer EnQuest on Thursday warned that annual output would be at the lower end of its previously forecast range, primarily owing to declines at its Magnus field in the UK North Sea, sending its shares down more than 7%.Production activity…

Shell Stops Offshore Crew Changes from Hurricane-hit Heliport in Louisiana

Sep 02, 2021

Shell said its crew-change heliport in Houma, Louisiana, sustained 'significant damage' as a result of Hurricane Ida and that it would halt crew changes to and from its sites until a temporary heliport is established.The company said it is still assessing assets that were in the path of the storm…

Hurricane Ida: Chevron's Gulf of Mexico Platforms Appear Undamaged

Sep 02, 2021

Chevron Corp on Wednesday said its offshore facilities in the Gulf of Mexico appeared to be undamaged after Hurricane Ida. The company also said it began redeploying personnel to assess the damage to its offshore facilities in the U.S. Gulf of Mexico from Hurricane Ida and to restore production…

U.S. Offshore Oil Firms Eye New Bases after Storm Damages Key Hub in Louisiana

Sep 02, 2021

Offshore energy companies have started searching for new bases away from Louisiana's devastated ports as oil and gas companies launch efforts to resume their Gulf of Mexico operations.Port Fourchon, a key hub for the offshore industry, was slammed…

TAQA Looking to Sell Oil & Gas Business

Sep 01, 2021

TAQA, a UAE-based oil company with assets in the UK North Sea, said Wednesday it had initiated a strategic review of its oil and gas operations,   including the possibility of selling some or all of them.'The review will assess strategic options…

BW Offshore Secures $1.15 B Loan for Barossa FPSO Construction

Sep 01, 2021

FPSO supplier BW Offshore has secured a $1.15 billion loan for the construction and operation of the FPSO for Australia-based Santos' Barossa offshore gas field.Earlier this year Santos and BW Offshore signed a contract for the delivery of an FPSO for the Barossa gas field…

Kistos Hails 'Extremely Positive' Drilling Results in Dutch North Sea. Plans Wind Farm Buy

Sep 01, 2021

Energy firm Kistos on Wednesday said the initial results of an appraisal well at its block in the Dutch North Sea were better than expected with CEO describing the result as 'extremely positive.' The company also announced a wind farm investment deal…

Infrastructure Damage Stifles Oil Firms Recovery Efforts After Hurricane Ida

Sep 01, 2021

Energy companies' efforts to get workers back to production platforms and refineries to make repairs after Hurricane Ida lashed Louisiana are being stymied by the extent of infrastructure damage from the storm, executives said.Hurricane Ida tore through the U…

Okea's Shares Rise after Norwegian Gov't Proposes Oil Tax Overhaul

Sep 01, 2021

Shares in Norwegian oil company Okea rose 4.7% at the opening of trading on the Oslo bourse on Wednesday, a day after the Norwegian government proposed changes to the petroleum tax system.The coalition led by Prime Minister Erna Solberg proposed…

Aker BP to Lower North Sea Discovery Size Estimate after Appraisal Well Disappoints

Sep 01, 2021

Aker BP is set to lower the size estimate of the 2019-made Liatårnet discovery in the Norwegian part of the North Sea, after the related appraisal well hit lower than expected hydrocarbon volumes.The company said that pending further analysis…

VAALCO's Partners Approve FSO/FPSO Swap Offshore Gabon

Sep 01, 2021

Africa-focused oil and gas company VAALCO Energy said Wednesday that its partners in the Etame field offshore Gabon had approved the plan to charter an FSO to replace the FPSO currently deployed at the Etame field.VAALCO, which first announced the FSO charter plans on August 26…

First Look at Louisiana Offshore Oil Port Finds No Major Damage after Hurricane

Sep 01, 2021

The Louisiana Offshore Oil Port (LOOP), the largest deepwater oil import and export terminal on the U.S. Gulf Coast, has found no major damages to its marine operations during an initial review [of the impact of the hurricane Ida], but operations remain offline as assessments continue…

Hurricane Ida: Output Still Shut on Chevron's GOM Platforms

Sep 01, 2021

Chevron Corp on Tuesday said production remains shut in at its Chevron-operated Gulf of Mexico platforms due to Hurricane Ida.The Fourchon terminal and Empire terminal and their related pipeline systems are also shut in, the company said in a note…

Norway Proposes Overhaul of Petroleum Tax System

Aug 31, 2021

Norway's government has proposed overhauling taxation of its oil and gas firms by scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country's top industry…

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