Offshore Production News - page 2

 

Offshore Oil Wells, Ports Shut as Hurricane Sally Advances on U.S. Gulf

Sep 14, 2020

Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane…

Once an American Foe, Now a Friend: OPEC Turns 60

Sep 14, 2020

In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding.Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U…

Kazakhstan Launches Probe After Black Smoke Spotted Over Kashagan Field

Sep 14, 2020

Kazakhstan's environmental authorities will inspect an oil and gas processing plant at the country's biggest oilfield, Kashagan, after gas flaring at the plant caused plumes of black smoke on Monday, the ecology ministry said.NCOC, the consortium of global energy majors developing Kashagan…

Hyundai Heavy's Floating LNG to Power Solution Gets BV Nod

Sep 14, 2020

South Korean shipbuilding giant Hyundai Heavy Industries' Floating LNG to Power solution - Hi-FL2P - has been granted an approval in principle certificate by the global classification society Bureau Veritas.‘Hi-FL2P’ has been described as an…

BP: Fossil Fuel Demand to Take Historic Hit Amid COVID-19 Scars

Sep 14, 2020

Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.BP's 2020 benchmark…

Alfa Laval Pumps for Two Brazil FPSOs

Sep 14, 2020

Sweden's Alfa Laval has secured two orders to supply Framo pumping systems for two FPSOs to operate offshore Brazil.Alfa Laval did not say who the clients were but said the orders had a total value of around SEK 155 million (around USD 17,7 million)…

Oil Firms Halt Output as U.S. Gulf Coast Braces for Hurricane

Sep 14, 2020

Offshore platforms and one refinery along the U.S. Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less than a month.Phillips 66 began shutting its 255,600 barrel-per-day (bpd) Alliance, Louisiana, refinery as…

Global Energy Transition Already Well Underway

Sep 11, 2020

Policymakers still tend to talk about the global energy transition in the future tense, as something that might or will happen in the next few decades, but the transition is already well underway and shows signs of accelerating.Global energy…

U.S. Gulf of Mexico Pipeline Won't Resume Full Output Before Oct.1, Operator Says

Sep 11, 2020

A U.S. Gulf of Mexico crude oil pipeline owned by Genesis Energy LP is not expected to be fully restored before Oct. 1, the company said on Thursday, after destructive storms tore through the coastal region late last month.Houston-based Genesis…

Vietnam Approves Pharos Energy's Offshore Oil Project

Sep 11, 2020

Pharos Energy said Friday it had received approval from the Prime Minister of Vietnam for the development plan of an offshore oil field in Vietnam.Pharos, until recently known as Soco International, said that the approval of what is called the…

Shell Starts Production from Fram Field

Sep 10, 2020

Oil major Shell has kicked off production from its Fram gas and condensate field in the UK North Sea, two years after making a final investment decision for the project.The field, discovered in 1969, is located around 221 kilometers (137 miles)…

Jadestone Energy Declares First Dividend Despite Oil Slump

Sep 10, 2020

Asia Pacific-focused oil and gas production company Jadestone Energy declared a maiden interim dividend on Thursday and reported positive operating cash flows in the first half, despite a slump in crude oil prices.The maiden dividend payout…

Canada's Husky Energy to 'Review' West White Rose Offshore Project. "Difficult decision," CEO Says

Sep 09, 2020

Canadian oil and gas company Husky Energy said Wednesday it would put under 'a review' its West White Rose offshore oil project in Canada's Atlantic region, citing delays due to the suspension of all works on the project earlier this year due to the global pandemic…

Giant Tuna Offshore Gas Find Could Save Turkey $21B

Sep 09, 2020

Turkey could save up to a whopping $21 billion in gas import costs with the development of it recently hit Tuna-1 gas discovery in the Black Sea, Norwegian energy intelligence firm Rystad Energy has estimated.As previously reported, Turkish…

ExxonMobil Hits Its 18th Oil Discovery Offshore Guyana

Sep 08, 2020

U.S. oil company ExxonMobil has made an oil discovery at the Redtail-1 well, offshore Guyana. The news of the discovery was shared Tuesday by both Exxon, and Hess, Exxon's partner in the prolific Stabroek Block,  This is the U.S. oil major's…

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INEOS in Belgium's 'Largest Ever' Offshore Wind Power Purchase Deal

INEOS in Belgium's 'Largest Ever' Offshore Wind Power Purchase Deal

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