Offshore Production News - page 7

Harbour Energy Seeks to Exit Sea Lion Offshore Project in Falkand Islands

Sep 23, 2021

Harbour Energy, a London-listed oil firm created through a merger between Chrysaor and Premier Oil, has decided to exit the Sea Lion oil field development in the Falkland Islands.The company has a 60 percent stake in the oil field, with Rockhopper Exploration holding the remaining 40 percent stake…

King’s Quay Floating Production Unit Reaches Texas

Sep 22, 2021

China's Cosco Shipping has earlier this month delivered the King’s Quay floating production unit to Ingleside, Texas, aboard its M/V Xiang An Kou semi-submersible heavy transportation vessel, after a long journey from South Korea.The 21,498mt platform…

BSOG Installs Ana Platform in Black Sea, Offshore Romania

Sep 22, 2021

Romanian oil and gas company Black Sea Oil & Gas has said it has installed the Ana offshore production platform in the Black Sea. According to BSOG, this is the first offshore platform built and installed in Romania in the past 30 years.Following…

Oil Prices Rise on Big Decline in U.S. Crude Stocks after Two Hurricanes

Sep 22, 2021

Oil prices rose around 1% on Wednesday, extending overnight gains, after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves.U.S. West Texas Intermediate (WTI) crude futures rose 75 cents…

Neptune Energy Seeks Permission to Boost Cygnus Field Output Amid Soaring Gas Prices

Sep 21, 2021

Oil and gas firm Neptune Energy has written to Britain’s energy minister asking for a change in regulation to allow it to produce more domestic gas from its North Sea field amid record gas prices, a letter seen by Reuters showed.Benchmark British…

ChampionX Wins 5-year Contract with Vår Energi

Sep 21, 2021

Oilfield tech firm ChampionX has won a five-year contract with oil firm Vår Energi in Norway to deliver production specialty chemicals and management services to all Vår Energi assets.ChampionX provides chemistry solutions and equipment and…

Shell Exits Permian with $9.5B Sale to ConocoPhillips. Its U.S. Output Now Mostly Offshore

Sep 21, 2021

Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.For ConocoPhillips…

Funds Rebuild Bullish Oil Position After Hurricane Outage in Gulf of Mexico

Sep 21, 2021

Hedge funds purchased crude after disruption to offshore production in the Gulf of Mexico lasted longer than expected, extending a drawdown of already-tight petroleum inventories.In the week to Sept. 14, hedge funds and other money managers…

TMC to Deliver Compressors for Woodside's Sangomar FPSO

Sep 21, 2021

Oslo-based offshore compressor firm TMC Compressors has won a contract to supply the marine compressed air system for Woodside's Sangomar FPSO, to be deployed offshore Senegal.TMC will deliver a large marine compressed air system to the FPSO…

Shell Sanctions Ormen Lange Subsea Compression Project

Sep 21, 2021

Oil major Shell has with its partners in Norway taken a final investment decision (FID) on a wet gas subsea compression project at Ormen Lange, Norway’s second-biggest gas field, and submitted a Plan for Development and Operation (PDO) to the Ministry of Petroleum and Energy…

Shell's Gulf of Mexico Offshore Oil Transfer Platform to Be Offline Until Year-end

Sep 20, 2021

Royal Dutch Shell Plc said on Monday it expected its crude transfer station in the Gulf of Mexico to be offline for repairs until the end of 2021 due to damages from Hurricane Ida.The facility, West Delta-143, serves as the transfer station…

BP Brings Online Matapal Project Offshore Trinidad and Tobago

Sep 20, 2021

BP's Matapal project offshore Trinidad and Tobago has achieved first gas, BP Trinidad and Tobago said Monday.Matapal is BPTT’s second subsea development and it consists of three wells, which tie back into the existing Juniper platform via two 9 km flexible flowlines…

BP Gambles Big on Fast Transition from Oil to Renewables

Sep 20, 2021

Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology.The facility earned BP Plc more than $650 million in profits in 2019…

Equinor Gets Permission to Boost Gas Exports to Tight European Market

Sep 20, 2021

Norwegian oil and gas firm Equinor has said it has, with its partners, received permission to increase gas exports from two offshore fields in Norway to supply the tight European market.Production permits for the Oseberg and Troll fields have…

Karoon Eyes Growth in Brazil with Own Oil Fields, Acquisitions

Sep 20, 2021

Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday…

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