Chinese oil company CNOOC plans to drill 227 exploration wells in 2020 and has set aside up to around $13,8 billion for capital expenditures, CNOOC's highest annual Capex since 2014, according to Reuters.CNOOC said Monday that its targeted net…
The Netherlands-based SBM Offshore said the Liza Unity floating production, storage and offloading unit (FPSO) hull has arrived in Singapore for topsides integration work ahead of planned startup for client ExxonMobil offshore Guyana in 2022…
SapuraOMV, an E&P joint venture between Malaysia's Sapura and Austrian OMV, has started the first production from SK408 block, off Malaysia, bringing online the Larak gas field. The SK408 gas fields are part of discoveries made by SapuraOMV Upstream in a drilling campaign in 2014…
Oil giant Shell has made a decision to invest in the second phase of its Malikai deepwater development offshore Malaysia.In an announcement on Monday, Shell's Malaysian subsidiary Sabah Shell Petroleum Company, the operator of the Malikai Tension-Leg Platform (TLP) located offshore Sabah…
Lundin Petroleum has cut its resource estimate for the Alta oil discovery in the Norwegian Arctic, and no longer sees Alta and the nearby Gohta find as commercially viable for a joint field development, the Swedish company said on Monday.The company…
Brazilian oil firm PetroRio has extended the FPSO Polvo charter with BW Offshore. Oslo-listed owner of the FPSO BW Offshore said Friday that it had signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo…
Equatorial Guinea will add 20,000 barrels per day (bpd) of oil production by October, the country's oil minister said on Sunday. 'We expect an increase this year of around 20,000 bpd additional because of the new discoveries,' Gabriel Obiang Lima told reporters on the sidelines of an energy event…
SOFEC said it has loaded out of the replacement turret for the floating storage and offloading unit (FSO) HYSY121 at the Lufeng field, in the South China Sea.The construction was completed at Penglai Jutal Offshore Engineering Heavy Industries Co…
Japanese FPSO specialist Modec has confirmed it has secured an order from Woodside for an FPSO to be deployed at the Sangomar project offshore Senegal.The confirmation of order came Friday just after Woodside had announced its field development…
Woodside has received final approval for its Sangomar oil field development plan in Senegal, and the Australian company has now entered the 'execute phase' of activities. The FDP approval comes just days after Woodside and its partners received…
Mexico's President Andres Manuel Lopez Obrador said on Wednesday his government was not contemplating reopening oil and gas auctions this year, ending hopes his left-leaning government will soon spur private investment in the energy sector.'It's not contemplated…
For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies.The…
Norway started producing oil more half a century ago, and, according to the Norwegian Petroleum Directorate, it still hasn't produced half of the resources available.'NPD's analyses show that around 48 percent of resources have been produced…
Africa focused oil and gas firm Vaalco Energy has brought online another well at the Etame field offshore Gabon. The well Etame 11H well has been producing at a higher than anticipated rate, the company said Wednesday.The Etame 11H well is the second development well in Vaalco0s 2019/2020 program…
Norwegian energy company Equinor and its partners plan to extend the oil production from the Statfjord Area in the Norwegian part of the North Sea towards 2040. The area has been in production for 40 years.Based on the extensive mapping of the…
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