Vaar Energi's Balder X oil and gas project will cost $1.2 billion more than previously expected with petroleum output delayed by about nine months to the third quarter of 2024, the company said on Monday, sending its shares sharply lower.The changes reflect increased work scope…
Brazilian oil and gas company Enauta said Wednesday that its Atlanta field in the Santos Basin offshore Brazil had resumed its production through well 7-ATL-2HP-RJS. 'The second well should start operating next and, by the end of September,…
Brazilian oil company Enauta said Monday that production from its Atlanta offshore field in Brazil had been interrupted.'The initial assessment is that this is an operational problem on the surface. The current production of the field is 7,500 bbl/day…
FPSO-leasing specialist BW Offshore has secured a short-term contract extension for its Petroleo Nautipa FPSO.The contract will see production extended from September 20 to October 4, 2022, ahead of demobilization. The spread-moored FPSO has…
UK-based oil and gas company Tailwind Energy has started production from its Evelyn field in the North Sea, a tie-back development connected to Dana Petroleum's Triton FPSO via a subsea production line and umbilical services line.Evelyn is located in licence P…
Asia Pacific-focused oil and gas company Jadestone Energy has yet to restart production from its Montara Venture FPSO, off Australia, following a shutdown in August. The company said Monday it was 'not in a position to provide guidance on a possible Montara production restart date…
Oil producers in Guyana are boosting exports to European buyers seeking alternatives to Russian crude, according to vessel monitoring data.Government bans on Russian oil since the invasion of Ukraine have spurred demand for alternative crudes…
Brazil's state-run oil company Petrobras has said it's ending a process to sell its Albacora concession, located in deep waters of the Campos Basin.Petrobras had been negotiating with PetroRio over the sale of the field. However, it says 'despite the efforts of both parties…
Guyana could bank about $1.25 billion this year from the sale of oil as its share of offshore production and royalties, up 30% from a prior estimate, the government's finance ministry said over the weekend. Historically one of South America's poorest nations…
Heavy lift shipping and offshore transport and installation contractor Jumbo Offshore reports it has executed the transport and installation of a torpedo pile mooring system, including mooring for flexible risers, umbilical for the Libra Consortium's…
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects, including some in the remote iceberg waters far off Canada's Atlantic coast.Surging oil prices are encouraging the investments…
Shell's Vito deepwater oilfield in the U.S. Gulf of Mexico will start production in early 2023, partner Equinor said on Wednesday.'It is in the early stages of being installed with the intent of first production (in) early 2023,' Chris Golden…
The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market.“Business conditions and market sentiment in the deepwater sector have seldom been so positive…
Brazilian oil company Enauta is having difficulties with fully restoring output from the Atlanta field in the Santos Basin offshore Brazil, but still expects the production to reach normal levels by September.Earlier this month, Enauta said…
Guyana's president Irfaan Ali on Monday visited ExxonMobil's Liza Unity FPSO - Guyana's second FPSO in production - where he praised the Guyanese crew aboard.According to Guyana's Department of Public information, he told the Guyanese crew on…
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