Malaysian oil and gas operator Hibiscus Petroleum has said that the final investment decision for the development of its Marigold cluster in the UK North Sea, will be made in March 2021, and not in December 2020, as previously expected, citing Covid-19 effects…
Oil major BP and Ithaca Energy have started production from the Vorlich offshore oil field in the North Sea.The 30-million-barrel field has been developed through two wells with peak production expected to reach 20,000 barrels of oil equivalent gross per day…
U.S. Gulf of Mexico focused oil company LLOG on Monday reported 'continued successful drilling results' at its Spruance offshore discovery, as well as the finalization of development plans for the field. The Spruance discovery is located in…
U.S. oil and gas company Talos Energy has started producing oil from its Bulleit field, in the Green Canyon 21 block in the U.S. Gulf of Mexico.The news of the production startup from the field sitting in 365 meters water depth was shared on Monday by Talos' partner in the block…
The U.S. government agencies responsible for offshore oil and gas regulations are looking at ways to update policies to promote the growth of oil and gas production in the Gulf of Mexico.Specifically, the Bureau of Ocean Energy Management (BOEM)…
The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthen extensions to remote wells, a U.S. official said on Monday.Oil companies operate 68 offshore deepwater platforms in the Gulf of Mexico…
Global oil and gas project sanctioning is set for a monstrous 75% plus drop in 2020 from 2019 levels, as the Covid-19 pandemic has led to massive E&P spending cuts, the energy intelligence company Rystad Energy has estimated.According to Rystad Energy…
Neptune Energy installed subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in the Norwegian sector of the North Sea.The company said Thursday it had sped up key elements of the development schedule of the subsea tiebacks…
U.S. Gulf of Mexico operator LLOG has sanctioned the development of its Taggart discovery. The discovery will be developed via tieback to the Williams-owned Devils Tower Spar in Mississippi Canyon 773.The Taggart discovery is located on Mississippi Canyon Block 816 in approximately 5…
Brazilian oil company PetroRio has agreed to buy the OSX-3 FPSO for $140 million, and acquire an 80 percent stake in the Dommo Energia's Tubarao Martelo field off Brazil where the FPSO is currently deployed. The OSX-3 FPSO was built and delivered to the Tubarão Martelo Field in 2012…
Increasing activity, led by scaled down, accelerated projects and subsea tiebacks is helping drive an increasing business in the subsea industry. But there’s slim chance of revisiting the boom days of 2013, the Society of Underwater Technology’s…
Energy giant BP has agreed a $625m deal to sell a package of North Sea assets. Premier Oil will take over the Andrew platform and BP's controlling stake in five surrounding fields, as well as its minority stake in the Shell-operated Shearwater field…
Shell announced a 'significant' gas and condensate discovery in the Browse Basin off the northwest coast of Western Australia, unlocking potential to develop a tieback to Shell's mega Prelude floating liquefied natural gas (FLNG) facility.Drilling of the Bratwurst -1 exploration well…
US supermajor Chevron announced Thursday it will move ahead with the high-profile Anchor project in the U.S. Gulf of Mexico, targeting first oil production in 2024.The $5.7 billion deepwater project is the first ultra-high pressure development to reach a final investment decision (FID)…
Aker BP has tapped Aker Solutions and Subsea 7 to deliver and install subsea infrastructure for the second phase of the Ærfugl development offshore Norway.The Aker BP operated Ærfugl development is a subsea project being developed in two phases…