Production News

 

Norway: Six Offshore Oil Fields Shut as More Workers Join Strike

Oct 06, 2020

Six Norwegian offshore oil and gas fields were shut on Monday as more workers joined a strike over pay, companies and union officials said.The strike will cut Norway's total output capacity by just over 330,000 barrels of oil equivalent per day…

US Offshore Evacuations Begin as Record-breaking Storm Threatens

Oct 05, 2020

Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to become a major hurricane before it entered the Gulf of Mexico and threatens the U.S. mainland…

Kosmos Energy Closes Gulf of Mexico Loan

Oct 05, 2020

Oil and gas Kosmos Energy has closed a Gulf of Mexico loan facility with Beal Bank USA and Trafigura Trading LLC ('Trafigura').The company had in June entered into a crude oil prepayment agreement with commodities trader Trafigura for a portion of its production in the U…

Strike Shuts Four Equinor Offshore Fields

Oct 05, 2020

Energy major Equinor shut four of its Norwegian offshore oil and gas fields on Monday as its workers expanded their strike, a company spokesman told Reuters.Two more fields operated by Neptune Energy and Wintershall Dea also face likely shutdowns on Monday because of the strike…

Workers' Strike Could Hit Output form Six Offshore Fields in Norway

Oct 02, 2020

The escalation of a strike among offshore oil workers in Norway could affect production from six fields with a total output of 330,000 barrels of oil equivalent per day (boepd), the Norwegian Oil and Gas Association (NOG) said on Friday.Norway's…

Aker BP Ready to Fire Up Ærfugl Offshore Field Phase 1

Oct 02, 2020

Norwegian oil company Aker BP is ready to start production from the first phase of its Ærfugl gas and condensate field in the Norwegian Sea, the Norwegian Petroleum Directorate said Friday.Ærfugl will be developed in two phases, both with three wells…

Norway: Aker Solutions Nets Tommeliten Alpha Work with ConocoPhillips

Oct 02, 2020

Norway's Aker Solutions has signed contracts with ConocoPhillips to deliver a subsea production system for the Tommeliten Alpha discovery off Norway, and to conduct a front-end engineering and design (FEED) for modifications on the Ekofisk installations to integrate the Tommeliten Alpha discovery…

TechnipFMC Nets 'Large' Subsea Order from Exxon for Payara Development in Guyana

Oct 01, 2020

Oilfield services company TechnipFMC said it has won a large contract to supply subsea equipment for ExxonMobil's Payara development offshore Guyana, following the oil major's FID on the project on Wednesday.Under the contract, TechnipFMC will manufacture and deliver the subsea production system…

Norway: More Offshore Workers to Go on Strike from Oct. 4

Oct 01, 2020

Norway's Lederne labor union said on Wednesday it would escalate an oil workers' strike from Oct. 4 to four additional offshore fields.Several dozen workers went on strike on Wednesday at Norway and western Europe's largest oilfield, Johan Sverdrup…

Guyana: ExxonMobil Sanctions $9B Payara Offshore Development

Oct 01, 2020

U.S. oil major ExxonMobil has reached a final investment decision on a $9 billion offshore oil development project in Guyana, following the approval by the government.To remind, Reuters last Friday reported that Guyana was close to reaching…

Husky Energy Completes Liuhua 29-1 Gas Project Offshore China

Sep 30, 2020

Commissioning has been completed at the third field at the Liwan gas project offshore China, Canadian oil company Husky Energy has said.'As a result of strong cooperation between Husky and its long-time partner CNOOC, the seven-well Liuhua 29-1 project was completed safely…

Equinor Maintains Oil Output, but More Workers May Join Strike

Sep 30, 2020

Equinor said on Wednesday it was maintaining production at western Europe's largest producing oilfield despite a strike by some workers but risked a wider labor conflict this week.Some 43 workers are on strike at the Johan Sverdrup field after…

Eni to Take Over Indonesian Deepwater Development?

Sep 30, 2020

Italy's Eni is expected to take over the Indonesian Deepwater Development (IDD) project as operator Chevron sells its interest in the gas venture, the chairman of the country's upstream oil and gas regulator said on Wednesday.Chevron confirmed…

Norway: Oil Workers Strike Could Shut Large Offshore Field

Sep 30, 2020

Oil workers organized by Norway's Lederne labor union will go on strike on Wednesday following a breakdown of wage talks, cutting Norway's crude output capacity by up to 470,000 barrels of oil per day (bpd), the union and employers said.The…

JDR to Link Two Azeri Platforms with Fiber Optic Power Cable

Sep 29, 2020

Subsea cable supplier JDR has won a contract with BP to manufacture and supply a 5.5km 33kV fiber optic power cable and a steel tube subsea isolation valve (SSIV) umbilical, for a platform project, offshore Azerbaijan.The 33 kV fiber optic power…

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