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Gas Production Resumes from Kistos' Offshore Gas Field as TAQA Wraps Maintenance Work

Sep 23, 2021

Energy firm Kistos has informed that the TAQA operated P15-D platform in the Dutch North Sea has resumed normal operations, following a planned four-week maintenance shutdown.This has, in turn, has allowed the resumption of gas export from Kistos'…

World's Largest Floating Wind Farm Goes Online

Sep 22, 2021

The construction of the world’s largest floating wind farm Kincardine, in the UK, is now complete, marking the start of the long-term Power Purchase Agreement (PPA) signed in 2018 between Kincardine Offshore Windfarm Ltd. (KOWL’s) joint venture and Statkraft…

Eni Brings Online Another Oil Field in Angola via Armada Olombendo FPSO

Sep 24, 2021

Italian oil giant Eni has kicked off production from Cabaça North deepwater oil field located in Block 15/06 offshore Angola.The field has been developed as a tie-back to the Armada Olombendo FPSO.The Cabaça North development, with an expected peak production rate in the range of 15 kbopd…

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…

German Food Retailer to Buy Electricity from Ørsted's Offshore Wind Farm

Sep 20, 2021

Germany-based food retailer REWE has signed a 10-year power purchase agreement with Ørsted to procure 100 MW of electricity from Ørsted’s Borkum Riffgrund 3 offshore wind farm which is set to become operational in 2025.The deal marks REWE Group’s…

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…

Gulf of Mexico: Shell's Enchilada, Auger Platforms Back Online

Sep 13, 2021

Royal Dutch Shell Plc said its Enchilada/Salsa and Auger assets in the Gulf of Mexico were back online after they were shut due to Hurricane Ida.'Our Enchilada/Salsa and Auger assets are now back online,' Shell said in a statement late on Friday about the facilities southwest of New Orleans…

KKR to Buy Norway's Ocean Yield for $829M

Sep 13, 2021

U.S. investment firm Kohlberg Kravis Roberts (KKR) has agreed to buy Norwegian ship owning company Ocean Yield for 7.2 billion Norwegian crowns ($829 million), the two companies said in a joint statement on Monday.KKR's bid of 41 Norwegian crowns…

Some 28% of U.S. Gulf of Mexico Crude Output Offline

Sep 17, 2021

U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region…

Over Two-thirds of Offshore Oil Output Remains Shut in U.S. Gulf of Mexico

Sep 13, 2021

U.S. offshore oil companies restored almost 200,000 barrels of production on Friday, while most of the Gulf Coast crude output remained offline following Hurricane Ida, government data showed.The storm hit the U.S. Gulf of Mexico almost two weeks ago…

Equinor Brings Online 'Highly Profitable' Troll Phase 3

Aug 30, 2021

Norwegian oil firm Equinor said Monday it had brought online one of its most profitable projects ever, Troll phase 3 project in the North Sea, offshore Norway. Production started on Friday, August 27, at 9.25 pm.According to Equinor, the project…

Nexans in Cable Deal Talks with 'Leading' Offshore Wind Developer

Sep 10, 2021

Offshore cable construction and installation firm Nexans has said it has entered into exclusive negotiations with an unnamed 'leading developer' to supply and install onshore and offshore export cables for 'a significant' offshore wind farm in the UK…

Serica Energy Names CFO. Brings Online North Sea Well

Sep 03, 2021

UK North Sea-focused oil and gas company Serica Energy has appointed Andy Bell as Chief Financial Officer and a director of the company.Bell, 69, joined Serica in 2017 as VP Finance after previously providing financial consultancy services to Serica…

U.S. Oil Firms to Require from Workers to Get Vaccinated

Aug 24, 2021

U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise across the United States and health surveys show that energy workers remain among those most reluctant to get inoculations.Calls…

Oil Prices Drop But Stay Above $70 a Barrel

Aug 25, 2021

Oil prices dropped on Wednesday but stayed above $70 a barrel, taking a breather after recent days' strong rally as Mexico was set to resume crude production following a major outage.Brent crude fell 33 cents, or 0.46%, to $70.72 a barrel by 0904 GMT…

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