Offshore Production News - page 3

 

Oil Drops Below $78 as OPEC+ Eyes Output Boost

Oct 01, 2021

Oil fell below $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached this week.The Organization of the Petroleum Exporting Countries (OPEC) and allies…

Van Oord Orders WTIV for 20MW Offshore Wind Turbines

Oct 01, 2021

Dutch marine and offshore services company Van Oord has ordered a new offshore wind turbine installation vessel that will be able to install next-generation wind turbines of up to 20MW. The vessel will be built by Yantai CIMC Raffles Shipyard in China…

Hurricane Ida's Lingering Effects Tighten Global Oil Market

Oct 01, 2021

Hurricane Ida's extensive and unexpectedly lingering disruption to output in the Gulf of Mexico has been the single most important factor contributing to the surge in oil prices over the last month.Damage to offshore installations has cut cumulative…

First Oil Flows from Lundin Energy's Solveig Offshore Oil Field in Norway

Oct 01, 2021

Swedish oil company Lundin Energy has started production from the Solveig oil field in the North Sea, offshore Norway.First oil from the field, developed as a subsea tie-back to the Edvard Grieg platform was achieved Thursday, The Solveig field…

Schlumberger, AVEVA Offer Integrated Digital Solutions for Oil & Gas Production Operations

Sep 30, 2021

Oilfield services giant Schlumberger and industrial software provider AVEVA have agreed to integrate edge, AI, and cloud digital solutions to help oil companies optimize oil and gas production. The companies said they'd collaborate together to streamline how energy operators acquire…

Polish PGNiG Buys INEOS' Oil and Gas Business in Norway for $615M

Sep 30, 2021

INEOS Energy has completed the $615 million sale of its oil and gas business in Norway to Poland's PGNiG.The deal, first announced in March 2021, includes all INEOS Oil & Gas interests in production, licenses, fields, facilities, and pipelines…

Rockhopper Eyes Cheaper Development Option for Falkland Islands Oil Field as Partner Set to Exit

Sep 30, 2021

Oil and gas company Rockhopper Exploration on Thursday affirmed its intention to press ahead with the development of the Sea Lion offshore oil field in the Falkland Islands, a week after its partner decided to pull out.Rockhopper Exploration…

China's CNOOC Seeks to Buy Buzios Offshore Oilfield stake for $2.1B, Petrobras says

Sep 30, 2021

Chinese oil and gas firm CNOOC Ltd wants to exercise an option and acquire an additional 5% stake in production rights for the Buzios oilfield for $2.08 billion, the oilfield's owner, Brazil's Petrobras, said on Wednesday.Petroleo Brasileiro SA…

Hurricane Energy Expects Lancaster Field to Deliver at Upper End of 2021 Output Guidance

Sep 29, 2021

Hurricane Energy, the operator of the Lancaster field west of Shetland, has said that the annual output from the field would be at the upper end of the 8,500 - 10,500 bopd guidance.The company issued output guidance on Wednesday, taking into…

Norway's Socialists Pull Out of Talks to Form Majority Government over Climate Policy

Sep 29, 2021

Norway's Socialist Left Party said on Wednesday it had pulled out of talks to form a majority coalition government following this month's election, a move likely to lead to the formation of a minority centre-left administration.Labour, the Centre…

Brazil: Output from Manati Offshore Field Stopped Due to Gas Leak

Sep 28, 2021

Brazilian oil firm Enauta has said production from the Manati offshore field in Brazil was stopped preventively on Monday due to small gas leakage in the inland pipeline between the compression station and the gas treatment station. 'The operator is assessing the causes of this incident…

BP Starts Production from Gulf of Mexico Project

Sep 28, 2021

Oil major BP on Tuesday announced the start-up of its Thunder Horse South Expansion Phase 2 project in the U.S. Gulf of Mexico.The second phase is expected to increase output at one of the largest fields in the Gulf of Mexico, with peak annual average gross production of 25…

Brent Shoots Past $80 a Barrel

Sep 28, 2021

Oil markets climbed for a sixth day on Tuesday, boosted by a tighter supply and firm demand outlook, but power shortages in China which hit factory output tempered the rally.Brent crude futures gained 67 cents, or 0.8%, to $80.20 a barrel at 1016 GMT…

Jadestone Energy's Montara H6 Offshore Well Starts Production

Sep 28, 2021

Oil and gas company Jadestone Energy has tied the Montara H6 development well off Australia into the field facilities and the well has started production.Jadestone is the 100% owner and operator of the Montara field, located in Production Licences AC/L7 and AC/L8 in the Timor Sea…

BW Energy: No Formal Decision on Petrobras' Assets Buy

Sep 27, 2021

Oslo-listed oil and gas company BW Energy, responding to press speculation, said Monday it had not made any formal decision to buy any of Brazil-based Petrobras' assets.BW Energy said it had noted the press speculation regarding the possibility of BW Energy acquiring the Golfinho field in Brazil…

Current News

UK Fossil Fuel Dilemma in the Spotlight as Climate Talks Near

UK Fossil Fuel Dilemma in the Spotlight as Climate Talks Near

Iberdrola to Splash $8.24B on Giant Offshore Wind Farm Project in North Sea

Iberdrola to Splash $8.24B on Giant Offshore Wind Farm Project in North Sea

Long-term Contracts with Petrobras for Subsea 7 PLSV Trio

Long-term Contracts with Petrobras for Subsea 7 PLSV Trio

Incident Reported During Construction of Seaway 7's Alfa Lift Vessel in China

Incident Reported During Construction of Seaway 7's Alfa Lift Vessel in China

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