Offshore Production News - page 123

 

Kanfa to Build New Oil Train for Energean Power FPSO

Dec 13, 2021

Oil and gas company Energean, working to develop the Karish gas field offshore Israel, has signed an EPC contract with process engineering business Kanfa for the supply of a second, 700-tonne oil train for the Energean Power FPSO, which is currently under construction in Singapore…

Saipem to Use 'Largest-ever' Vibratory Hammer at Calvados Offshore Wind Farm

Dec 10, 2021

Dieseko has secured a contract with Italian offshore services firm Saipem for the supply of the Vibratory Hammer used to install the monopiles on the Calvados offshore wind farm in France.Saipem in February 2021 secured a contract worth 460…

Chevron, Equatorial Guinea Pen Production Sharing Agreement for Offshore Block

Dec 10, 2021

Oil major Chevron and the government of Equatorial Guinea have signed a production-sharing agreement for an offshore block in the Douala Basin, oil minister Gabriel Mbaga Obiang Lima said on Thursday.The agreement grants Chevron 80% ownership over block EG-09…

NEO Energy Wraps Buy of Exxon's UK North Sea Fields

Dec 09, 2021

NEO Energy has completed the previously announced acquisition of a portfolio of non-operated oil and gas assets in the UK Central and Northern North Sea from ExxonMobil. The company made the announcement on Wednesday.North Sea-focused oil company…

Aker Solutions to Deliver Fifth Subsea Compression Module for Equinor's Åsgard Field

Dec 09, 2021

Norwegian firm Aker Solutions has won a contract with Equinor to deliver engineering, procurement, and construction (EPC) of a subsea compression module to be installed subsea at the Åsgard gas field, offshore Norway. The scope covers EPC of…

Gazprom Neft Expects Record Production This Year

Dec 09, 2021

Gazprom Neft, the oil arm of Russian gas giant Gazprom, expects its hydrocarbon production to exceed 100 million tonnes of oil equivalent this year, reaching a record high, it said on Thursday.Gazprom Neft had aimed to reach the 100 million…

UK Court Hears Climate Case Against Tax Regime for Oil Firms

Dec 09, 2021

Climate activists, including a former oil refinery worker, accused the UK government in the high court on Wednesday of illegally subsidizing fossil fuel producers through tax incentives which undermine its climate goals.Climate activists are…

Prosafe's Flotel Extends Stay in Trinidad

Dec 09, 2021

Offshore accommodation rig owner Prosafe said Thursday it had secured a contract extension in Trinidad and Tobago for its Safe Concordia flotel.The charter takes the firm operational period for the rig through to end-January 2022. The total value of the contract extension…

Sval Energi Buys Spirit Energy's Norwegian Operations

Dec 08, 2021

HitecVision-backed Norwegian oil firm Sval Energi has signed an agreement with Spirit Energy to acquire the majority of Spirit Energy’s Norwegian operations and assets in a transaction valued at $1,026 million.According to Sval Energi, the transaction…

Trinidad to Offer Onshore, Shallow-water Blocks in 2022 Auction

Dec 08, 2021

Trinidad and Tobago next year plans to launch bidding rounds for onshore and shallow-water areas on top of last week's launch of an auction of 17 deepwater oil and gas blocks, the nation's energy minister told Reuters.The Caribbean country, which is among the region's top producers of natural gas…

Angola: Chevron Extends Offshore Block 0 Concession through 2050

Dec 07, 2021

U.S. oil major Chevron said Monday its Angolan affiliate Cabinda Gulf Oil Company Limited (CABGOC) had secured an extension of the Block 0 concession, offshore Cabinda province, in Angola.The agreement extends the concession for 20 years, through 2050…

Global Oil CEOs Stress Need for Oil and Gas Despite Clean Energy Push

Dec 07, 2021

A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come.The World Petroleum Conference's…

Oil Search Gets Shareholder Approval for $6.2B Buyout by Santos

Dec 07, 2021

Papua New Guinea-focussed Oil Search Ltd said on Tuesday its A$8.8 billion ($6.21 billion) buyout by Santos Ltd received overwhelming support from its shareholders, getting over 95% votes in favor of the deal.Shares of Oil Search rose as much as 3…

BP: Brent Benchmark Reform Should Include U.S. Oil, Dump Brent

Dec 07, 2021

BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have evaporated, according to a document seen by Reuters.Dated Brent…

World is Entering a Period of Oil Scarcity, Halliburton Says

Dec 07, 2021

Oilfield services firm Halliburton on Monday warned the world is headed for a period of energy scarcity following years of underinvestment in bringing more fossil fuels to market.'For the first time in a long time, we will see a buyer looking for a barrel of oil…

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