Offshore Production News - page 3

 

Industry Award for Sustainable Drilling Waste Solution

Jan 16, 2025

Specialist drilling waste management company, TWMA, has been announced as a finalist in this year’s SPE Offshore Achievement Awards.Shortlisted for the Sustainability Project Award, this recognition celebrates TWMA’s RotoMill technology, an…

BP to slash over 5% of workforce

Jan 16, 2025

BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant.Around 4,700 employees and 3,000 contractor positions will be cut this year…

Norway Offers 53 Oil and Gas Licenses to 20 Firms

Jan 14, 2025

The Norwegian Ministry of Energy has offered 53 new production licenses on the Norwegian continental shelf in the APA 2024 licensing round to a total of 20 companies.Awards in Predefined Areas (APA) is an annual exploration round for the Norwegian continental shelf…

Technical Issue Shuts Down BP’s Caspian Sea Gas Platform

Jan 10, 2025

BP said on Friday it had suspended the work of its Shah Deniz Alfa (SDA) platform after detecting a technical issue at the subsea gas condensate export line between the platform and the Sangachal terminal.'All people on the platform are safe and there is no environmental impact…

Shell Brings Whale Platform On Stream in US Gulf of Mexico

Jan 10, 2025

Oil and gas major Shell has started the production at its deepwater Whale floating production facility in the Gulf of Mexico.The Whale production facility is in the Alaminos Canyon Block 773 and is adjacent to the Shell-operated Silvertip field…

OP/ED: When it Comes to Offshore Energy, Be Careful What You Wish For

Jan 09, 2025

You just might get it.In the waning days of the Biden administration, the executive orders and such that get announced seemingly on a daily basis signal countless victories for that side of the equation. And, no matter which side of that great divide that you reside on…

UK Fines CNOOC $150K for Breach of Venting Consent at Buzzard Field

Jan 09, 2025

The North Sea Transition Authority (NSTA) has imposed a penalty of $154,000 on CNOOC Petroleum Europe for venting without consent at its Buzzard field, 60 miles north-east of Aberdeen, on two separate occasions in a two-week period.On May 31…

Norway Marks Record-High Gas Output Year

Jan 09, 2025

Norway's natural gas production rose by 6.9% in 2024 to a record 124 billion cubic metres (bcm) but is expected to ease slightly this year, the Norwegian Offshore Directorate (NOD) said on Thursday.Norway became Europe's largest supplier of natural gas following Russia's invasion of Ukraine in 2022…

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

Jan 09, 2025

Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp ONGC on Thursday.ONGC named…

EIA: Cushing Crude Stocks fall to Decade-low levels

Jan 08, 2025

U.S. crude stocks fell last week, driving the Cushing, Oklahoma hub to a 10-year low, while fuel inventories surged, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 959,000 barrels to 414.6 million barrels in the week ended Jan…

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

Jan 08, 2025

India's top explorer Oil and Natural Gas Corp ONGC on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country's largest producing field, off India's west coast.BP has promised an…

Senegal's Sangomar Oil and Gas Field Beats Output Target

Jan 07, 2025

Senegal's Sangomar offshore oil and gas field raised its output of crude to 16.9 million barrels in 2024, exceeding its initial target of 11.7 million, the West African country's energy ministry said on Tuesday.Discovered 10 years ago about 100 km (62 miles) south of the capital Dakar…

Suncor Hikes Up Fourth Quarter Production

Jan 07, 2025

Canadian oil and gas company Suncor said on Monday it saw higher upstream production and throughput at its refineries in the fourth quarter.The Calgary, Alberta-based company's upstream quarterly production rose to 874,000 barrels per day (bpd) from 808…

Serica Energy Restarts Triton FPSO Production

Jan 07, 2025

U.K.-based oil firm Serica Energy has resumed production at Triton floating production storage and offloading (FPSO) unit in the North Sea, following the outage caused by a technical issue.Serica Energy said the production into the Triton FPSO resumed on December 27…

US Storm, Weaker Dollar Push Oil to 12-week High

Jan 06, 2025

Oil prices edged up to a 12-week high on Monday as a winter storm boosted demand for energy to heat U.S. homes and businesses, and on support from a weaker U.S. dollar and expectations of tighter sanctions on Iranian and Russian oil exports…

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