Production News

 

Worker Medevaced from Oil Platform in the Gulf of Mexico

Jun 21, 2022

An ailing oil worker was medevaced from a platform 80 miles southeast of Galveston, Texas, Tuesday.U.S. Coast Guard Sector Houston-Galveston watchstanders received a medevac request stating a 36-year-old crew member aboard the High Island 442 was experiencing coughing…

Harbour Energy CEO Warns of Lower UK Investment Due to Windfall Tax

Jun 21, 2022

The North Sea's biggest oil and gas producer, Harbour Energy, has told the British government that Britain's planned windfall tax on the energy sector will shrink the company's investment in the country.With oil and gas prices soaring and households…

The Floating Production Market Will Drive OSV Demand

Jun 20, 2022

As the demand for floating production systems grows, so too will the need for modern offshore support vessel (OSV) tonnage.Related: Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector

Rosneft Boss Sechin Says BP Still a Major Shareholder

Jun 20, 2022

Igor Sechin, the head of Russian oil major Rosneft, said on Saturday that BP still remains its largest private shareholder despite having announced its departure in February after Moscow sent troops into Ukraine.Numerous Western companies, including oil majors…

First Hydrocarbons Introduced into Coral South FLNG Offshore Mozambique

Jun 18, 2022

Italian oil and gas company Eni said Saturday that the first hydrocarbons had been introduced  from the Coral South reservoir offshore Mozambique into the Coral South FLNG unit.Eni operates the offshore Area 4 where the Coral South FLNG is located…

Norway Oil Sector Union Leader Says Wage Deal is 'Good Enough'

Jun 17, 2022

The leader of a union representing Norwegian oil workers said she would recommend to members a wage deal the union struck with oil companies as it was 'good enough', she told Reuters.Two of three unions that negotiated the agreement last week…

Deepwater Drilling: Venus Puts Southern Africa in the Spotlight

Jun 17, 2022

Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet…

TechnipFMC to Deliver Subsea Production Systems for TotalEnergies' CLOV3 Project Offshore Angola

Jun 17, 2022

Oilfield services company TechnipFMC has won a contract with TotalEnergies EP Angola to supply subsea production systems for the CLOV3 development in Block 17, offshore Angola. TechnipFMC said the contract was a “significant” one, which for…

Wasted Gas: As Global Supplies Tighten, Here’s 210 bcm of Natural Gas for the Taking – IEA Report

Jun 15, 2022

A new report from the International Energy Agency (IEA) estimates that if there was a concerted, global effort to eliminate unnecessary flaring and control leaks across the supply chain, nearly 210 billion cubic meters (bcm) of natural gas could be made available to gas markets…

AOC Awards Petrofac Five-year Integrated Services Deal

Jun 14, 2022

Oilfield services company Petrofac said Tuesday it has been awarded an Integrated Services Provider (ISP) contract by Anasuria Operating Company (AOC).The five-year contract, which has an option to extend, starts in June. Under the deal, Petrofac…

West Africa Market Harbors Positive Potential for MODU Operators

Jun 14, 2022

The region could be a key growth market for the oil and gas industry going forward, writes Joshua Belo-Osagie, Maritime Strategies International (MSI).Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices…

U.S. Natgas up 2% on Higher Demand, Soaring Global Prices

Jun 14, 2022

U.S. natural gas futures edged up about 2% on Tuesday on record power demand in Texas, forecasts for more gas demand over the next two weeks than previously expected, a reduction in gas output, low wind power and much higher global gas prices…

Biden Chides Exxon, Oil Companies for Profits

Jun 13, 2022

U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, of capitalizing on a supply shortage to fatten profits after a report showed inflation surging to a new 40-year record.U.S. consumer inflation…

Lebanon's Hezbollah Says Could Disrupt Start-up of Energean's Karish Gas Field Over Maritime Dispute with Israel

Jun 10, 2022

The head of Lebanon's Hezbollah said on Thursday that his group could stop Israel from extracting gas from a maritime field that Beirut says lies in disputed waters, adding Hezbollah is 'not afraid of war.'Lebanon warned Israel on Sunday against…

Potential Norway Oil and Gas Strike May Hit Output

Jun 10, 2022

Norway's petroleum output could be reduced by unspecified amount if workers go on strike at nine offshore fields on Sunday, the Norwegian Oil and Gas Association (NOG) said on Friday.Some 845 workers out of roughly 7,500 employees on offshore…

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