Offshore Production News

 

Valeura Accelerates Wassana Redevelopment

Sep 01, 2026

Valeura Energy has announced that it intends to accelerate its Wassana field redevelopment project on block G10/48 (100% operated interest) in the offshore Gulf of Thailand.Dr. Sean Guest, President and CEO, commented: “Work on our new-build central processing platform (CPP) is proceeding on budget and remains ahead of schedule, with facility construction (also known  as mechanical completion) in the yard expected to be complete by 01 October 2026…

Purchase of Ten Wharf Cranes for Wharves Nos. 5 and 6 at Barbours Cut Terminal and Wharf No. 1 at Bayport Container Terminal

Sep 02, 2026

The Port of Houston Authority of Harris County, Texas (“Port Houston”) is the steward, advocate, and a strategic leader for the Houston Ship Channel, a 52-mile complex comprising more than 200 public and private facilities that together contribute nearly US$1T annually to the US economy…

Borkum Riffgrund 3 Enters Commercial Operation

Aug 31, 2026

Ørsted and Nuveen Infrastructure’s German offshore wind farm Borkum Riffgrund 3 has been commissioned and is now in commercial operation. With an installed capacity of 913MW, the project is one of Germany’s largest offshore wind farms currently in operation…

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Aug 28, 2026

Thailand’s state-backed energy firm PTT Exploration and Production (PTTEP) subsidiaries and Petronas Carigali's PC JDA have signed a 35-year production sharing contract for Block A-18-01 in the Malaysia-Thailand Joint Development Area, allowing the partners to continue petroleum exploration…

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

Aug 26, 2026

BP has completed a planned maintenance program on the Central Azeri platform in Azerbaijan's Azeri-Chirag-Deepwater Gunashli (ACG) field ahead of schedule.The turnaround began on August 19 and was originally scheduled to last 11 days. BP said…

Aker BP Brings Three Skarv Satellite Fields On Stream

Aug 26, 2026

Aker BP has started production from the Skarv Satellite Project in the Norwegian Sea, bringing the Alve Nord, Idun Nord and Ørn fields on stream one year ahead of their original schedule.The three fields, located near the Skarv field, have been developed as separate subsea projects…

New Troll Project Start Up Boosts North Sea Gas Production

Aug 25, 2026

Production has started from the Troll Phase 3 Stage 2 subsea project in the North Sea, adding gas supply to the 30-year-old Troll A platform and the Kollsnes processing plant.The project started production on August 22 and is designed to accelerate…

Alexandre de Gusmão FPSO Reaches Peak Production

Aug 20, 2026

The Alexandre de Gusmão FPSO, the fifth installed in the Mero field in the pre-salt layer of the Santos Basin, has reached peak production at 180,000 barrels of oil per day (bpd). Mero is the third largest producing field in Brazil, after Búzios and Tupi…

Equinor to Supply Oil from Johan Sverdrup to ORLEN

Aug 20, 2026

Equinor has signed an agreement with Poland’s ORLEN for the sale of crude oil from the Johan Sverdrup field on the Norwegian continental shelf. The agreement will run for three years from the beginning of September.Annual supplies under the…

Fifth FPSO for Exxon Arrives in Guyana

Aug 20, 2026

The fifth floating oil production facility for a consortium led by U.S. energy major Exxon Mobil in Guyana has arrived in Guyanese waters, according to vessel monitoring data on Thursday.The Errea Wittu FPSO, built by Japanese firm MODEC in Singapore…

SLB, Formentera Aim to Activate Venezuela Drilling Rigs

Aug 20, 2026

Oil service provider SLB and private equity firm Formentera Partners are working to either reactivate oil rigs in Venezuela or import additional rigs into the country in the coming months, executives from both firms said on Wednesday during a conference in Houston…

Norway's Overall Oil, Gas Output Lags Forecast in July

Aug 20, 2026

Norway's combined oil and gas production missed an official forecast by 2.5% in July, the Norwegian Offshore Directorate (NOD) said on Thursday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…

SLB to Support BSP Production Restoration Project

Aug 18, 2026

SLB has been awarded a contract by Brunei Shell Petroleum (BSP) to support production restoration from shut-in wells across multiple offshore fields.The contract scope spans subsurface evaluation, well candidate selection, engineering and offshore execution…

Guyana Now Entitled to Nearly 40% of Production from Stabroek

Aug 18, 2026

Guyana is now entitled to 39.8% of crude production from a large ExxonMobil-led offshore project, the country's President Irfaan Ali said on Tuesday.The change - expected to greatly increase the country's oil revenue - comes after the Exxon-led consortium…

ExxonMobil awards $1.1B in Contracts for LNG project

Aug 18, 2026

ExxonMobil awarded about $1.1 billion worth of pre-investment contracts for certain upstream equipment for the Rovuma LNG Phase 1 project in Cabo Delgado.The U.S. oil major awarded the contracts on behalf of the so-called Area 4 partners, which…

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