Even after more than 50 years, the Norwegian shelf still holds vast opportunities, says Norwegian Petroleum Directorate (NPD).According to NPD's 2019 resource report on fields and discoveries, more than half of the estimated remaining resources on the Norwegian shelf have already been discovered…
Exxon Mobil Corp on Friday said production has resumed at its Hibernia oil platform in Canada. Production was shut last month due to a power outage.Hibernia has been producing oil since 1997 and sits roughly 315 km (200 miles) east of St. John's…
ExxonMobil said on Thursday it will sell its Norwegian upstream oil and gas assets to independent exploration and production company Vår Energi for $4.5 billion as part of an ongoing large-scale global divestment plan.The deal, which is expected to close in the fourth quarter…
Subsea monitoring specialist Sonardyne International said its long-endurance sensors will be used by Shell during a 10-year seabed subsidence monitoring campaign at Norway’s second largest gas field. the Ormen Lange .Setting out to continuously…
Norway's oil output fell by 10.1% year-on-year in August to 1.353 million barrels of oil equivalents per day, lagging official forecast by 4%, the country's Petroleum Directorate (NPD) said on Tuesday.Daily natural gas output fell by 19.8% from the year before…
China's national offshore producer CNOOC Ltd expects its major deepwater gas field Lingshui 17-2 in the South China Sea to start its first gas production at the end of 2021, a company executive said on Tuesday.Chinese state-run energy producers…
American upstream oil company Kosmos Energy reported that the Yakaar-2 appraisal well offshore Senegal has confirmed a world-scale natural gas resource in the BP-ledYakaar-Teranga gas project.The Yakaar-2 appraisal well was drilled in approximately 2…
Underwater inspection provider Welaptega has used its optical chain measurement system (CMS), complete with new automated edge tracking software, to execute a subsea mooring inspection campaign for BP offshore Angola. The project saw Welaptega…
Malaysia's state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product costs.Petronas, as the company is known…
Through artificial intelligence and machine learning, oil companies can monitor production stream quality in real time to optimize the value per barrel.“The industry is now recognizing the importance of product quality,” says Paul Oates, US business development director for Validere…
Chevron has sanctioned a project to increase recovery in the St. Malo field, as the US based supermajor looks to maximize existing resources in the Gulf of Mexico.The waterflood project is Chevron’s first in the deepwater Wilcox trend and is…
Japan's Mitsui & Co has put its 40% stake in the BassGas project off southeastern Australia up for sale, the company said on Thursday.Mitsui's stake in the BassGas project, which includes the undeveloped Trefoil gas project, could be worth about A$360 million ($244 million)…
One of the missing links for some fully subsea production systems has been subsea storage, either for production fluids, later periodic offtake or production chemicals.NOV has been working on a gravity-based subsea storage unit (SSU), based on a design initially developed by Kongsberg…
The newbuild P-68 floating production, storage and offloading vessel (FPSO) has left the shipyard and will be deployed to the ultra-deepwater Berbigão and Sururu fields in Brazil’s Santos Basin, builder Sembcorp Marine announced.The vessel was…
Egypt's Baltim South West offshore gas field backed by BP and Eni has started production of 100 million cubic feet of gas a day, the oil ministry said on Tuesday.Output will rise to 500 million cubic feet of gas by the second quarter of 2020 when five wells are expected to be online…
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