Offshore Production News - page 258

 

OPEC+ Extends Output Cuts

Jul 02, 2019

OPEC and its allies led by Russia agreed to extend oil output cuts until March 2020 on Tuesday, seeking to prop up the price of crude as the global economy weakens and U.S. production soars.The alliance, known as OPEC+, has been reducing oil…

ConocoPhillips to Redevelop Tor

Jul 02, 2019

American multinational energy corporation ConocoPhillips has submitted a plan for development and operation (PDO) for a redevelopment of the Tor field in the Greater Ekofisk area in the North Sea.According to the Norwegian Petroleum Directorate (NPD)…

Shell Says Two Killed in GoM Platform Accident

Jul 01, 2019

Two people were killed at Royal Dutch Shell's Auger tension leg platform in the deepwater U.S. Gulf of Mexico on Sunday morning while testing mandatory safety equipment, the company said on Monday.'One other non-life-threatening injury was sustained…

A Push for Better Offshore Water Treatment

Jun 28, 2019

Changing environmental regulations around the world will have an impact on how the offshore industry handles produced water.Typically, offshore operators treat their produced water so it can be discharged back into the ocean, although there…

W&T Buys Exxon's Eastern GoM Assets

Jun 27, 2019

W&T Offshore announced on Thursday that it has entered into a purchase and sale agreement with ExxonMobil to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico, offshore Alabama…

LLOG Begins Production at Buckskin

Jun 26, 2019

US-based LLOG Exploration announced on Tuesday that it has started production from the large-scale deepwater Buckskin project in the US Gulf of Mexico. Buckskin, which is located on Keathley Canyon blocks 785, 828, 829, 830, 871 and 872 in approximately 2…

Neptune Gets Green Light for Duva and Gjøa P1

Jun 26, 2019

Norwegian authorities have approved development plans for the Duva (PL636) and Gjøa P1 (PL153) projects in the North Sea, operator Neptune Energy announced on Wednesday.The fields will be developed through subsea tiebacks connecting two templates to the nearby Gjøa platform…

Moving Water Treatment Subsea

Jun 25, 2019

Verification of the Seabox ability to treat water for increased oil recoveryUnlocking full oil recovery potential is key for operators and a determining factor for field developments. Maximizing recovery rates is even more important in the current environment…

ExxonMobil’s Exit Not a 'Major' End in Norway

Jun 24, 2019

The withdrawal from Norway’s offshore sector of ExxonMobil appears to be underway, and the development to some looks like the start of a pullout of “international oil majors” from a sector dominated by stately player, Equinor.True, ExxonMobil’s departure is symbolic…

Tapping Tiebacks

Jun 24, 2019

Operators continue to look for fast returns via subsea tiebacks while vendors look for technical solutions to help unlock more fields for less.A tide is starting to turn on the subsea industry, not least thanks to subsea tiebacks. It’s a theme that’s been underlying the last four years…

Wood Tallies Grane FEED Contract

Jun 24, 2019

Uk headquartered engineering firm Wood said on Monday it has secured a contract from Norwegian energy firm Equinor to deliver front-end engineering design (FEED) services for brownfield modifications to the Grane offshore facility in Norwegian sector of the North Sea…

ExxonMobil Eyes Norwegian Exit

Jun 24, 2019

ExxonMobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.Two years ago the U.S. major – the world's largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 other fields…

Africa Looks to FLNG to Accelerate its Dash for Gas

Jun 21, 2019

Since the idea of floating liquefied natural gas (FLNG) was first mooted the landscape of the oil and gas sector has changed dramatically. When Shell finally pressed the go button for its Prelude FLNG project offshore Australia back in mid-2011…

Pemex Steering Clear of Deepwater

Jun 21, 2019

Petroleos Mexicanos will focus on shallow water projects and onshore plays, and avoid investing in its deepwater riches for now, as the ailing Mexican state-run oil company seeks to turn around a 14-year slide in crude production, a top official said on Thursday…

Brent Oil Climbed 5% This Week

Jun 21, 2019

Brent oil rallied above $65 per barrel on Friday and was on track for a 5% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.Brent crude was up $0…

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