Production News

 

PSA Norway Grants Aker BP Approval to Use Hod B Platform

Mar 21, 2022

The Petroleum Safety Authority Norway (PSA) has granted Aker BP its approval to use the Hod B platform in the Norwegian part of the North Sea.Hod B is a normally unmanned installation (NUI), installed in August last year at the Hod field, offshore Norway…

First Gas Flows from Mubadala Petroleum's Pegaga Offshore Field in Malaysia

Mar 21, 2022

UAE-based oil and gas company Mubadala Petroleum has announced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.Mubadala Petroleum is the Operator of Block SK 320 containing the Pegaga field, with a 55 percent interest…

BP Wins Two Offshore Exploration Blocks in Indonesia

Mar 21, 2022

British oil major BP has won two offshore exploration blocks in Indonesia, as part of the Indonesian government's second round of the 2021 Oil and Gas Working Area (WK) Bid Round. The blocks in question are Agung l and Agung ll oil and gas exploration blocks…

Shell Gets Approval to Restart Production from Prelude FLNG

Mar 21, 2022

Australia's offshore petroleum watchdog has cleared the way for Shell to restart its Prelude floating liquefied natural gas (FLNG) site off northwestern Australia after a power outage forced a shutdown in December.Shell has given no timeframe for when production will resume at the 3…

Equinor Shuts North Sea Oil Platform After Earthquake

Mar 21, 2022

Norway's Equinor has shut its Snorre B oil platform as a precautionary measure following an earthquake in the North Sea, the company said on Monday.It was not yet clear when Snorre B, which produces between 30,000-35,000 barrels per day of oil…

California Grid Operator Approves 10-year Reliability, Renewables plan

Mar 21, 2022

California's grid operator said on Friday it had approved a 10-year plan on March 17 aimed at boosting grid resiliency in the U.S. state and meeting clean energy targets.The California Independent System Operator (CAISO) outlined 23 projects in its 2021-2022 10-Year Transmission Plan…

Halliburton, Schlumberger Suspend Operations in Russia amid U.S. Sanctions

Mar 21, 2022

U.S. oilfield services companies Halliburton and Schlumberger said on Friday they have suspended or halted Russia operations in response to U.S. sanctions over Moscow's invasion of Ukraine.The disclosures followed widespread departures by energy…

Regulator: Brazil Cannot Add Oil to the Market Any Faster

Mar 21, 2022

Brazil this decade expects to gradually add 3 million barrels per day of oil and gas to its production but cannot speed up those plans to offset a ban on Russian oil, top oil regulator Rodolfo Saboia told Reuters last week.One of the largest and fastest-growing non-OPEC oil producers…

Energy Transition: UK Oil and Gas Authority Changes Name

Mar 21, 2022

UK offshore oil and gas regulator the Oil and Gas Authority on Monday announced the name change to the North Sea Transition Authority (NSTA) 'to reflect its evolving role in the energy transition.''In 2021, the OGA revised our strategy to put…

Heerema to Install 9,500t Substation Topside for Dogger Bank C Offshore Wind Farm

Mar 18, 2022

Offshore installation specialist Heerema Marine Contractors has secured a contract for the transport and installation of the Dogger Bank C offshore substation, part of the Dogger Bank project in the UK, which will be the world's largest offshore wind farm…

UKCS: Shell Releases Amended Plan for Jackdaw Gas Field Development

Mar 18, 2022

Shell on Friday released an amended plan for the development of a major North Sea gas field which British regulators initially rejected last year on environmental grounds.Shell said in the new environmental development plan of the Jackdaw field that it aims to start production from the field…

Australia: ExxonMobil Investing $295M to Boost Gas Production from Gippsland Basin Assets

Mar 17, 2022

ExxonMobil's Australian subsidiary Esso Australia has made a final investment decision to develop additional gas from the Gippsland Basin Kipper offshore field in Australia's Bass Strait.The company said the move would 'help secure much-needed supply for the Australian domestic market…

Serica Energy Restarts Production from North Sea Gas Field

Mar 17, 2022

UK-based oil and gas company Serica Energy has resumed production from its Rhum gas field in the UK North Sea, following a shutdown in February.As previously reported, Serica on February 28 said it had paused production from the Rhum gas field…

Equinor Exploring Ways to Further Boost Gas Output, Says Executive

Mar 17, 2022

Equinor is looking at further options to increase gas production from its fields off Norway in the short term after receiving a permit to produce more from the Oseberg, Troll, and Heidrun fields, a senior executive said on Wednesday.'We're looking into several other options…

Harbour Energy's Post-merger Cashflow Rises to $678M

Mar 17, 2022

Harbour Energy, the British North Sea's biggest oil and gas producer, reported on Thursday free cash flow of $678 million for 2021 in its first full-year results after its merger with Premier Oil, up from a pro-forma $562 million in 2020.It forecast that…

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