Offshore Production News - page 2

 

Beacon Offshore Energy Expects First Oil From Shenandoah System in June

May 06, 2025

U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday.The floating production unit, which is expected to produce 120,000 barrels of oil per day (bpd)…

US Gulf Oil Output Could Reach 2.4 million Bpd Despite Geopolitical Instability

May 05, 2025

The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday.U.S. President Donald Trump's global tariff announcements have since last month contributed…

CNOOC Posts 7.9% Profit Fall Despite Output Growth

Apr 29, 2025

Chinese offshore oil and gas major CNOOC first-quarter net profit fell 7.9%, weighed down by weaker oil prices, though higher output helped stem the decline.Net income for January-March was 36.56 billion yuan ($5.03 billion), versus 39.7 billion yuan in the same period last year…

Rex’s Akrake Signs Deal for Production Vessels at Seme Field off Benin

Apr 29, 2025

Akrake Petroleum, Rex International's indirect subsidiary, has signed contracts for a Mobile Production Unit (MOPU) and an Aframax tanker to be used as a Floating Storage and Offloading (FSO) unit for its Seme field, off Benin.The MOPU will be converted from a medium-sized drilling rig…

Norway's Oil and Gas Production Declines by 4.9% in March

Apr 23, 2025

Norway's combined oil and gas production declined by 4.9% in March but still exceeded an official forecast for the month by 1.1%, the Norwegian Offshore Directorate (NOD) said on Wednesday.Norway is Europe's largest supplier of natural gas and a major producer of oil…

D2 Jumps Headlong into Oceanography with its Hybrid CTD

Apr 22, 2025

Innovation is rampant in the subsea sector, and D-2 Incorporated is a perfect example, branching out into the CTD sector following a request five years ago from the U.S. Navy. Dean Fougere, VP, D-2 Incorporated, discusses with Marine Technology…

Chevron Starts Production at Ballymore Subsea Tieback Project in Gulf of America

Apr 21, 2025

Chevron has started oil and natural gas production from the Ballymore subsea tieback project in the deepwater Gulf of America.Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the company’s goal to produce 300…

Saipem Renews Offshore Activities Agreement With Saudi Aramco

Apr 17, 2025

Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders…

BP Loads First LNG Shipment from Greater Tortue Ahmeyim Project

Apr 17, 2025

BP has completed the loading of the first cargo of liquefied natural gas (LNG) for export from its Greater Tortue Ahmeyim (GTA) Phase 1 project offshore Mauritania and Senegal, following flow of first gas from the project achieved earlier in 2025…

Guyana’s Fourth FPSO Ready for Installation

Apr 15, 2025

A consortium led by U.S. oil major Exxon Mobil is about to begin installing its fourth floating oil production facility in Guyana, the South American country's maritime regulator said in a notice on Tuesday.The floating production storage and offloading (FPSO) facility 'One Guyana…

Brava Energia Connects Two More Wells to Atlanta FPSO

Apr 15, 2025

Brazilian oil and gas company Brava Energia has started production from two more wells at Atlanta field offshore Brazil, with the floating, production storage, and offloading (FPSO) unit now producing through four wells.Both wells, 4H and 5H…

BW Energy Takes FID for Golfinho Boost Project off Brazil

Apr 14, 2025

BW Energy has made final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 barrels per day of incremental oil production from 2027 at the Golfinho field offshore Brazil…

CNOOC Puts Into Production New Oil Field in South China Sea

Apr 14, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream Wenchang 9-7 oil field development in the western Pearl River Mouth Basin in South China Sea.The main production facility is a new drilling and production platform…

BP Expects Lower First-Quarter Upstream Production

Apr 11, 2025

British oil and gas producer BP said on Friday that reported upstream production in the first quarter is expected to be lower compared to the previous quarter.BP expects earnings in its oil production and operations segment to be broadly flat from the previous quarter…

Tyra II Starts Operating at Full Technical Capacity

Apr 10, 2025

Denmark’s largest offshore gas development, the Tyra hub in the North Sea, has been restarted with full technical capacity achieved on the facilities, following the completion of repairs which impacted the production.BlueNord, the partner in…

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