Production News

 

Energean Starts Gas Production from Karish Field Offshore Israel

Oct 26, 2022

Oil and gas company Energean plc said Wednesday it had started gas production at its Karish gas field in the Mediterranean Sea, offshore Israel.'Gas is being produced from the Karish Main-02 well and the flow of gas is being steadily ramped up…

Rosneft's Sokol Crude Oil Tender Shows Sakhalin-1 Output Recovering

Oct 25, 2022

Russia's top oil producer Rosneft has issued a tender to sell six cargoes of Sokol crude for loading in November to early December in a sign that output from the Sakhalin-1 project may be recovering following the departure of ExxonMobil, sources said…

Israel Grants Approval for Energean to Start production at Karish Offshore Gas Field

Oct 25, 2022

Israel granted Energean permission to start production at the  offshore Karish gas field on Tuesday, an Energy Ministry statement said.Energean has said its floating production storage and offloading vessel [the Energean Power - OE ] is due…

Wintershall Dea Buys Stake in Hokchi Block Offshore Mexico

Oct 25, 2022

German oil and gas company Wintershall Dea has agreed to acquire a 37% non-operated participating interest in the Hokchi Block, offshore Mexico, from Hokchi Energy, a subsidiary of  Pan American Energy.Wintershall Dea will have an option to…

DNV Greenlights Aker Carbon Capture's Offshore Carbon Capture Tech

Oct 25, 2022

DNV, the independent expert in assurance and risk management, has qualified Aker Carbon Capture's Just Catch Offshore modularized carbon capture facility for offshore installations.According to Aker Carbon Capture, the solution is now ready…

Panoro Energy Earns $59,2M from October Crude Lifting in Gabon

Oct 24, 2022

Oil and gas company Panoro Energy said Monday it had completed its scheduled October lifting of 647,111 barrels in Gabon at a realized price of USD 91.54 per barrel.After customary price adjustment and associated fees, this resulted in proceeds to the company of approximately $59…

QatarEnergy Names Shell Partner in North Field South Expansion Project

Oct 24, 2022

QatarEnergy's chief executive on Sunday named Shell a partner in the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project. Shell will have a 9.3% share of the project, and QatarEnergy will keep 75%…

North Sea Firm IOG Names New CEO, COO, CFO after Output Guidance Cuts, Drilling Setback

Oct 21, 2022

Andrew Hockey, CEO of the UK-based oil and gas company IOG, with gas fields in the Southern North Sea, is set to step down after nearly five years in the role. IOG's Chief Operating Officer, David Gibson, is stepping down, too.The news of the resignations came Wednesday…

Protecting Norway's Gas Exports Against Sabotage a Top Priority, Says Security Official

Oct 21, 2022

Protecting Norway's gas exports to Europe against sabotage is a top priority for the country's authorities, a senior security official told Reuters, including helping oil firms protect themselves against Russian attempts to gather intelligence…

Mozambique's First LNG Exports to Europe Seen by Early November

Oct 21, 2022

Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region…

Saipem Wins Its Largest-ever Offshore Contract

Oct 20, 2022

Italian energy industry engineering and construction firm Saipem said Thursday it had secured the largest single offshore contract by total value in the company’s history.The company has won a contract with Qatargas for the North Field Production…

Woodside Lifts Output Forecast as Revenue Soars

Oct 20, 2022

Woodside Energy Group Ltd raised its annual production outlook on Thursday after posting record revenue as it benefited from firmer energy prices and its merger with BHP Group's petroleum assets, sending its shares soaring.The company became…

Qatar cuts al-Shaheen Crude Term Price for December - sources

Oct 19, 2022

Qatar Energy has reduced the term price for December-loading al-Shaheen crude oil to a premium of $4.19 a barrel above Dubai quotes after receiving lower bids in its tender, several trade sources said on Wednesday. This was down from a premium of $5…

Gallery: Itapu Oil Field FPSO Leaves Shipyard (Brazil)

Oct 18, 2022

Estaleiro Jurong Aracruz (EJA), a Brazilian subsidiary of Singapore's Sembcorp Marine, has completed the construction of the P-71 FPSO, integrating topsides on the China-built hull.The new FPSO vessel left the EJA shipyard on Tuesday. It will…

UAE Energy Minister: No Politics Behind OPEC+ Output Cut Decision

Oct 18, 2022

The United Arab Emirates believes OPEC+ made the correct technical choice when it agreed to cut production and the unanimous decision had nothing to do with politics, energy minister Suhail al-Mazrouei said on Tuesday. His comments came after…

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