Brazilian state-run oil company Petroleo Brasileiro SA produced 3.0 million barrels of oil equivalent per day (boepd) on average in August, according to a securities filing on Tuesday, up 21.6% from the same period a year ago.Petrobras, as the company is known…
Wood has secured an 18-month contract extension for engineering, construction and maintenance services on TAQA’s North Sea assets, the engineering firm announced on Tuesday.Effective immediately, the extension builds on a previous agreement covering the Cormorant Alpha…
As technological advancements continue, subsea processing equipment such as gas compression – now moving beyond Norwegian waters for the first time – may prove to be an increasingly important piece of the offshore production puzzle.“The overall subsea landscape is changing radically…
DNV GL announced on Tuesday it has secured a verification services contract from Apache Corporation. The contract, which has a primary term of three years, and two one year extension options, involves operations and project verification for all Apache’s UK North Sea assets…
Brazilian oil production increased to 2.77 million barrels per day (bpd) on average in July, up 7% from a year earlier, local oil and fuels regulator ANP said on Monday.Natural gas production also increased by 7% in July from the same month last year to 124 million cubic meters…
Brazil's state-run oil company, Petroleo Brasileiro SA, announced the binding phase of the sale of its 11 oil fields in shallow waters of the Santos basin and collectively known as Polo Garoupa.Petrobras said in a securities filing that oil fields called Anequim…
Airborne Oil & Gas B.V. said it has been awarded a contract from a supermajor through Oceaneering International to supply Thermoplastic Composite Pipe (TCP) flowlines for deployment in West Africa. The manufacturer will provide a 4-kilometer…
Subsea 7 announced it has secured a contract from Total E&P do Brasil for the development of the Lapa North East field located approximately 300 kilometers off the coast of the State of São Paulo, at 2,150 meters water depth in the pre-salt Santos Basin…
Seadrill has secured a one-year contract with LLOG for the West Neptune operating in the US Gulf of Mexico, the offshore drilling contractor announced on Monday.Total contract value is expected to be approximately $74 million with commencement in December 2019…
Maersk Drilling has entered a $7.6 million contract with Petrogas North Sea to drill an appraisal well at the Birgitta field in the Central part of the UK North Sea, the Danish drilling contractor said on Monday.The contract is expected to commence in March 2020…
American petroleum company Hess Corporation said that the Liza Destiny floating, production, storage and offloading (FPSO) vessel has arrived at the closely watched Stabroek Block offshore Guyana after a 42-day journey from Singapore.Liza Destiny…
Liquefied natural gas producer ConocoPhillips announced new production sharing contracts with East Timor for the ageing Bayu Undan gas field on Saturday, following the implementation of a new maritime border with Australia.The gas condensate deposit in the Timor Sea…
Sembcorp Marine said it has won a raft of new projects valued at S$400 million (US$288 million) that includes floating production conversion projects, offshore wind farm jacket foundations fabrication and cruise ship upgrades.THe company's Sembcorp…
British energy provider SSE has kicked off the process to sell its 140 million cubic feet per day portfolio of North Sea gas fields in a single package, a sale document seen by Reuters showed.SSE said in May it was looking to sell its gas production assets…
Norwegian energy company Equinor said it has completed the sale of shares in Swedish independent Lundin Petroleum and acquisition of greater interest in the giant Johan Sverdrup field offshore Norway following all conditions being met, including government and regulator approvals…
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