Offshore Production News - page 7


Preparing for Floating Wind – Leveraging the Oil & Gas Supply Chain

Jun 28, 2024

Examining similarities and differences between the deepwater oil & gas and the emerging floating wind segment.There has been much excitement around the potential for the offshore wind industry to access deeper water sites through the deployment of floating wind technology…

Valeura Stops Wassana Field Production in Gulf of Thailand

Jun 27, 2024

Canada-based oil and gas company Valeura Energy has suspended production at its fully-owned Wassana field, offshore Thailand, due to the damage on mobile offshore production unit (MOPU) identified during routine inspection.During a scheduled…

TotalEnergies Sells West of Shetland Assets, Including Six Offshore Gas Fields

Jun 27, 2024

TotalEnergies has signed an agreement to sell to the Prax Group its entire interest in West of Shetland assets in the United Kingdom, which includes six offshore gas fields, the onshore Shetland Gas Plant and nearby exploration licenses.The six offshore fields sold to Prax Group include Laggan…

China’s CNOOC Starts Production at South China Sea Oil Field

Jun 27, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has started production at its Enping 21-4 oilfield development project, located in eastern South China Sea.The field, located at a site with an average water depth of approximately 89 meters…

Petrobras Impacted in Three Oil Fields by Environmental Workers' Strike

Jun 26, 2024

A strike by environmental workers in Brazil is already impacting Petrobras' operations in three offshore oil fields, the state-run firm told Reuters on Wednesday.There have been delays in developing production in the Mero, Buzios and Marlin fields…

Masirah Oil Wraps Up Multi-Well Campaign at Field Offshore Oman

Jun 24, 2024

Masirah Oil, a majority-owned subsidiary of Rex International, has completed the multi-well campaign at Yumna field offshore Oman.Masirah Oil said the multi-well program at the field in Block 50 concession has been completed ahead of the 90-day schedule and below budget…

Norway May Oil & Gas Output Down But Beats Forecast

Jun 20, 2024

Norway's natural gas output fell in May but still beat an official forecast, while crude oil production also exceeded expectations despite overall lower volumes, the Norwegian Offshore Directorate (NOD) said on Thursday.Natural gas production in May fell to 322…

Ivory Coast Expects Threefold Oil Output Increase by 2027

Jun 18, 2024

Ivory Coast expects a more than threefold increase to its oil output by 2027, boosted by recent oil and gas discoveries at the West African nation's Baleine and Calao offshore fields, President Alassane Ouattara said on Tuesday.The world's top…

Enauta Stops Production at Atlanta Field as Anchoring of New FPSO Enters Final Phase

Jun 13, 2024

Brazilian oil and gas company Enauta has decided to stop production from the Petrojarl I floating production storage and offloading (FPSO) to perform modifications related to selected equipment maintenance after inspections at the process plant at the Atlanta field…

SBM Offshore Completes Share Purchase Agreements with Sonangol

Jun 11, 2024

SBM Offshore is pleased to announce that it has completed the acquisition of the shares in the lease and operating entities related to FPSOs N’Goma, Saxi Batuque and Mondo from its partner Sonangol EP. Simultaneously, SBM Offshore completed…

Woodside Achieves First Oil at Sangomar

Jun 10, 2024

Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe delivery of the country’s first offshore oil project.The Sangomar Field Development Phase 1 is a deepwater project including a stand-alone FPSO facility with a nameplate capacity of 100…

Norway Gas Export Outage Extended, Duration Remains Uncertain

Jun 04, 2024

An outage of Norway's gas exports to Britain via the Langeled pipeline was extended by two days until the morning of June 7 as repair work continued, Norwegian system operator Gassco said on Tuesday.The outage, which Gassco attributed to a crack…

OPEC+ Bets the Robust Crude Oil Demand Forecast is Right

Jun 03, 2024

The OPEC+ decision to extend crude oil production cuts is an acknowledgment that demand growth is still uncertain, but also that the group remains hopeful its bullish scenario is correct.The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia…

OPEC+ Extends Deep Oil Production Cuts into 2025

Jun 03, 2024

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days…

Pipeline Crack on Sleipner Platform Halts Norway Gas to Britain

Jun 03, 2024

A crack has been found in a two-inch pipeline onboard Norway's offshore Sleipner Riser platform and it is not yet known how long this will take to repair, Norwegian gas pipeline system operator Gassco said on Monday.The outage on Monday halted…

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