Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras.The field is located in shallow waters in the Santos Basin in concession BM-S-40…
Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production at some of its most prolific offshore oilfields.Petroleo Brasileiro SA, as the company is formally known…
Australia’s Santos Ltd said on Thursday third-quarter revenue slid nearly 23%, hit by a drop in realized gas prices because of the COVID-19 pandemic.The country’s no. 2 independent gas producer said sales revenue came in at $797 million for the quarter ended September…
China's CNOOC has started production from its Bozhong 19-6 condensate gas field pilot area development project in the Bohai Bay, offshore China.That Bozhong 19-6 condensate gas field pilot area development is located in the central Bohai with an average water depth of approximately 23 meters…
U.S. oil and gas company Talos Energy has started producing oil from its Bulleit field, in the Green Canyon 21 block in the U.S. Gulf of Mexico.The news of the production startup from the field sitting in 365 meters water depth was shared on Monday by Talos' partner in the block…
The world's two largest oil exporters, Russia and Saudi Arabia, are in talks on how to support volatile oil markets, the Kremlin said on Monday as rising coronavirus infections worldwide curb fuel demand.An OPEC+ ministerial monitoring committee…
Oilfield services firm TechnipFMC has said it has won a 'significant' engineering, procurement, construction, and installation contract by Equinor in the Norwegian part of the North Sea.The contract is for the pipelay work at the Breidablikk development…
North Sea oil and gas operator Taqa has asked 54 offshore workers to self-isolate for precaution after, during shared helicopter flights, they got into contact with seven Brae platforms workers who later tested positive for Covid 19.In a statement sent to Offshore Engineer…
The U.S. offshore oil and gas regulator BOEM said Thursday it would offer longer terms for the Gulf of Mexico oil and gas exploration blocks in certain depths, in its region-wide offshore lease sale slated for November. The sale will include…
Top global oil traders Vitol, Trafigura and Gunvor said on Thursday they saw slow oil demand recovery because of a second coronavirus wave with oil prices rising to or above $50 per barrel only by October next year.Benchmark Brent crude futures traded down 1…
The number of unsold November-loading Angolan crude cargoes fell further on Thursday, traders said, while the Nigerian market was steady.ANGOLAOnly one cargo of CLOV remains unsold after the other found a buyer on Thursday. Details of the cargo's destination were not known…
The recent downgrade of Hurricane Energy's Lancaster field recoverable reserves estimates has led Norwegian energy intelligence Rystad Energy to revise its expectations for the UKCS overall and say that the basin might never again hit output…
All dynamically positioned offshore drilling rigs in the U.S. Gulf of Mexico that moved away from the Hurricane Delta last week have now returned to the Gulf. Production from oil and gas platforms has yet to be fully restored.As previously reported…
The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC Secretary General Mohammad Barkindo said on Thursday, adding that oil demand has been recovering slower than expected…
Heerema Marine Contractors has completed the installation of Premier Oil's Tolmount platform in the UK North Sea, using its giant semi-submersible crane vessel, the Sleipnir.As part of the project in the Southern North Sea, Heerema installed the 2…
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