Offshore Production News - page 4

Aker BP Keeps Dividend, Guidance Despite Q1 Profit Drop

Apr 27, 2023

Norway's second-largest listed oil company Aker BP said on Thursday it was maintaining its outlook, and its quarterly dividend at $0.55 per share, despite reporting an on-year fall in quarterly operating profit. The company, partly owned by BP…

Eleventh Well at Cygnus Offshore Gas Field Starts Production

Apr 27, 2023

Neptune Energy and its partner, Spirit Energy, on Thursday announced production start-up from the eleventh well at its operated Cygnus gas field in the southern North Sea.The new well is expected to produce approximately 4,000 boepd, enough gas to heat approximately 200…

Enauta Resumes Production from Atlanta Field After Brief Shutdown. 2H Well Still Shut

Apr 26, 2023

Brazilian oil firm Enauta has restarted production from its Atlanta field offshore Brazil following a brief interruption. However, the 2HP well, which was shut down on Tuesday, is still closed.First, the company on Tuesday said that it had temporarily…

ExxonMobil Strikes Oil Again in Guyana's Stabroek Block

Apr 26, 2023

ExxonMobil has made yet another oil discovery in Guyana's prolific Stabroek offshore block.The news of the new offshore oil discovery in Guyana was shared by Hess Corp., ExxonMobil's partner in the block, where around 11 billion barrels of oil have been discovered in recent years…

Ecopetrol to Use Artificial Intelligence to Boost Oil Exploration Success Rates and Output

Apr 25, 2023

Colombia's majority state-owned oil company Ecopetrol will use new technology, including artificial intelligence, to improve exploration success rates and boost output from existing fields, new Chief Executive Ricardo Roa said on Monday.Roa…

Erdogan Offers Free Gas Pre-election after First Black Sea Field Shipment

Apr 24, 2023

President Tayyip Erdogan last Thursday flicked the switch on Turkey's first delivery of natural gas to an onshore plant from a reserve discovered in the Black Sea, and promised to provide free natural gas for households before May 14 elections…

No Discounts on Guyanese Crude for India, Guyana VP Jagdeo Says

Apr 24, 2023

South America's fastest growing oil producer has turned down the Indian government's request for discounted crude oil purchases during trade discussions, Guyana Vice President Bharrat Jagdeo said on Thursday.Guyana's oil production in total has tripled from a year ago to about 380…

Woodside's Sangomar Offshore Oil Project in Senegal 82% Complete

Apr 21, 2023

On Friday, Australian oil and gas giant Woodside said that its Sangomar development project offshore Senegal was 82% complete and on target for first oil later this year. Once online, this will be Senegal's first offshore oil project in production…

Preventing Oil Spill Disaster: Boskalis to Lead UN-coordinated Operation to Remove Oil From Decaying FSO off Yemen

Apr 20, 2023

Dutch marine services firm Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove the oil from the decaying FSO Safer moored off Yemen’s Red Sea coast in a push to avoid environmental disaster…

Trinity E&P Restores Oil Output from Trintes Field after Platform Fire

Apr 20, 2023

Trinidad & Tobago-focused oil company Trinity Exploration & Production has restarted production from the Bravo offshore platform, in the Trintes Field, offshore east coast Trinidad, following a halt caused by a fire incident earlier this month…

Enauta Restarts Production from Atlanta Field's 2HP Well in Brazil

Apr 19, 2023

Brazilian oil company Enauta has resumed production from the 7-ATL-2HP-RJS (“2HP”) well in Atlanta offshore field in Brazil, after a halt in early March.Enauta said this week that production had resumed after the installation of the new pump on the seabed…

Norway's March Gas Output Drops, Lags Forecasts

Apr 19, 2023

Norway's natural gas output declined in March from February, missing official forecasts, while oil output grew slightly more than expected, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Wednesday. Crude oil output was 1…

BW Offshore Secures Short-term Extension for Abo FPSO in Nigerian Waters

Apr 18, 2023

Oslo-listed FPSO leasing firm BW Offshore has signed a short-term extension for the Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of Italy's Eni.The contract extension is, according to BW Offshore, until October 15, 2023, at the latest…

Norway Crude Mops Up in Europe as Russia's Urals Heads East

Apr 18, 2023

The clear winner in the race to replace Russian oil at Europe's refineries is Norway's Johan Sverdrup crude, according to Refinitiv Eikon data and traders.Johan Sverdrup was launched in 2019, making it a relative newcomer compared to Russia's Urals grade…

Equinor's Norwegian Sea Platform to Resume Operations after Oil Leak

Apr 18, 2023

Operations at the Njord A oil and gas platform in the Norwegian Sea will resume at normal levels on Tuesday after being halted because of an oil leak, a spokesperson for operator Equinor said. The platform had been depressurized and production…

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