Production News

 

VIDEO: Johan Castberg FPSO Arrives in Norway

Apr 11, 2022

The Johan Castberg FPSO arrived in Norway on Friday onboard the world’s largest transport vessel Boka Vanguard owned by Boskalis.The vessel reached Norway after a long journey from Singapore, where it was built by Sembcorp Marine. The vessel departed Singapore in mid-February…

VAALCO Says Avouma 3H-ST Well Offshore Gabon a Success

Apr 11, 2022

VAALCO Energy said Monday it had successfully drilled the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon.The company drilled the Avouma 3H-ST development well with a lateral of 268…

EU Meets OPEC Amid Calls for Oil Production Increase

Apr 11, 2022

European Union officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the producer group to increase output and as the EU considers potential sanctions on Russian oil.OPEC has resisted calls by the United States…

Shell Restarts LNG Shipping from Prelude FLNG

Apr 11, 2022

Shell Plc said on Monday it has resumed shipping liquefied natural gas (LNG) from its Prelude floating LNG facility off northwest Australia after a four-month shutdown due to a major power failure.A cargo completed loading and left the site on Sunday night…

Aker BP's Hod B Field Starts Production

Apr 11, 2022

Norwegian oil and gas company Aker BP has started production from the Hod B field in the North Sea, offshore Norway.Production start-up comes less than two years after the first steel was cut for the unmanned Hod B platform at Aker Solutions’ yard in Verdal…

CNOOC to Raise $4.41B in Shanghai Listing

Apr 11, 2022

Chinese oil giant CNOOC Ltd said on Monday it will raise 28.08 billion yuan ($4.41 billion) in a share listing in Shanghai, after setting the price for what will be mainland China's 11th-biggest public stock offering.Fundraising will be expanded to 32…

Neptune Energy to Double Gas Production from Duva Offshore Field in Norway

Apr 08, 2022

Oil and gas company Neptune Energy said Friday it would double gas output from the Duva field in the Norwegian part of the North Sea, supporting increased supplies to the UK and Europe.'The partnership has worked closely with the Norwegian authorities…

Shell Raises Russia Writedown to as Much as $5B

Apr 07, 2022

Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the first quarter, the company said on Thursday.The post-tax impairments…

Equinor Makes 'Significant' Oil Discovery Offshore Norway

Apr 05, 2022

Norwegian oil company Equinor has made a significant discovery at the Kveikje exploration well in the North Sea, offshore Norway, Longboat Energy, Equinor's partner in the project, has informed. The well, formally named Well 35/10-8S, located in license PL293B…

Petrobras: Marlim Oil Field Cluster No Longer for Sale

Apr 05, 2022

Brazil state-run oil company Petrobras said on Monday its executive management had approved the closing of the competitive process for a 50% stake in Marlim oil field, confirming that the cluster is no longer for sale.'Considering the alignment…

New Fortress Energy Plans to Build Offshore LNG Export Project in Louisiana by Q1 2023

Apr 01, 2022

U.S. energy company New Fortress Energy Inc said on Thursday it filed with federal regulators to build an offshore liquefied natural gas (LNG) export project off Louisiana that could enter service as soon as the first quarter of 2023.That is…

Oil Protesters Block 10 UK Oil Terminals

Apr 01, 2022

Hundreds of climate change protesters blocked oil terminals across Britain on Friday with some supporters climbing on top of oil tankers as part of their campaign to force the government to end its reliance on fossil fuels.Extinction Rebellion…

Report: PetroRio Close to Buying Petrobras Albacora Leste Offshore Field

Apr 01, 2022

Brazilian oil company PetroRio SA is close to agreeing on terms to purchase the Albacora Leste field from state-run oil company Petrobras, two sources with knowledge of the matter told Reuters, though talks around the neighboring Albacora field are proving more complex…

Shell Delivers First Gas from Colibri Project Offshore Trinidad and Tobago

Mar 31, 2022

Shell Trinidad and Tobago announced that production has started on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago.First gas at Colibri was reached on Wednesday, and the estimated production represents 100% total gross figures…

OKEA Buys Neptune Energy's Stake in Ivar Aasen Offshore Field in Norway

Mar 31, 2022

Norwegian oil and gas company OKEA has completed of the acquisition 2.223% working interest (WI) in the Ivar Aasen field from Neptune Energy.OKEA, which has a target of achieving production of 18,500 - 20,000 boe per day in 2022, paid $12 million…

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