Oil and gas company BW Energy has brought online the fourth well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. 'Well performance is in line with expectations with current production at approximately 6,500 barrels per day…
Ithaca Energy has agreed to acquire the remaining 30% stake in Cambo from Shell, taking Ithaca Energy’s stake in Cambo to 100%.To remind, Ithaca Energy said in May it had agreed to market Shell's 30% stake in the Cambo oil prospect in the UK North Sea…
Mediterranean-focused oil and gas producer Energean aims to double its size in the coming years, including through expansion of production in Israel, CEO Mathios Rigas said on Thursday.The company reported a 41.2% slump in first-half profit…
Mediterranean-focused oil and gas producer Energean reported a 41.2% slump in first-half profit, dented by higher tax expense, and also trimmed its full-year production forecast to 125,000-130,000 barrels of oil equivalent per day (boed).Energean…
Asia Pacific-focused oil and gas company Jadestone Energy plc on September 1 restarted oil production from the Montara Venture FPSO offshore Australia.The production had been shut down since July due to a defect in the FPSO's 4S ballast water tank…
Norway's BW Energy is now able to move forward with its acquisition of the FPSO Cidade de Vitória on the Golfinho field in Brazil, more than a year after it reached a deal with the FPSO's Italian owner Saipem.The two companies had signed a memorandum…
Eni has started production of oil and gas from the Baleine Field, located in the waters offshore Côte d’Ivoire.The milestone comes less than two years after the discovery in September 2021 and less than a year and a half after final investment decision…
Guyana has gained a larger share of Europe's oil market this year, vessel monitoring data showed, driven by rising output by a consortium led by ExxonMobil and strong demand for light sweet crude grades amid a reshuffling of global oil flows…
Jadestone Energy said it is making progress toward resuming production from the Montara Venture floating production storage and offloading (FPSO) unit offshore Australia.The Asia Pacific-focused independent oil and gas production company in…
Exxon Mobil Corp and partners plan to spend $12.93 billion to develop their sixth offshore oil project in Guyana, according to a filing published on Monday by the South American country.The floating production platform for the so-called Whiptail…
WSG Energy Services (WSGES) in Singapore has secured multiple contract wins on Floating Production Storage and Offloading (FPSO) vessel projects with a combined value in excess of at $10m.WSG was commissioned by Yinson Production to assist on the upgrade and conversion of FPSO Atlanta…
Japan's MODEC said its FPSO Anita Garibaldi MV33 has achieved first oil production for Petrobras at the Marlim field in the Campos Basin off the coast of Brazil.The FPSO is leased on a 25-year time charter contract to the state-owned Brazilian energy company—one of MODEC's longest charters to date…
Dutch offshore and marine services firm Boskalis said its Offshore Energy division saw its revenue increase by 50%, with an EBITDA increase of almost 70% in the first half of 2023.All business units within the Offshore Energy branch saw increases in both revenue and earnings…
Brazilian oil and gas company Petrobras has started production from the Anita Garibaldi FPSO in the Campos Basin, offshore Brazil.The FPSO will operate simultaneously in the post-salt and pre-salt of the Marlim and Voador fields.With a capacity to produce up to 80…
Velesto Energy's subsidiary Velesto Workover has received a Letter of Award from ExxonMobil in Malaysia, for the provision of Gait 6 HWU & Services for 2023/2024 Workover and Plug & Abandonment Program.'The value of this enabling Contract with…
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