Offshore Production News - page 4

 

Norway's Equinor Eyes Sale of Stake in Statfjord Offshore Field

Aug 29, 2022

Norway's Equinor is considering selling a 28% stake in the Statfjord field, which straddles the Norwegian and British continental shelves, alongside minority stakes in several satellite fields, a presentation seen by Reuters showed. The company has hired U…

Brazil's PetroRio Brings Frade Offshore Field Back Online

Aug 26, 2022

Brazilian oil company PetroRio said Thursday that production from the Frade offshore field in Brazil had resumed.The news comes after the company said on August 15 that it had interrupted production in the Frade field due to an inert gas line…

Brazil: Enauta Interrupts Oil Production from Atlanta Field as Hose Problem Detected

Aug 26, 2022

Brazilian oil company Enauta is having difficulties with fully restoring output from the Atlanta field in the Santos Basin offshore Brazil, but still expects the production to reach normal levels by September.Earlier this month, Enauta said…

China's CNOOC Aims for 28% Oil Output Growth at Home by 2025

Aug 26, 2022

Chinese offshore oil and gas major CNOOC expects its annual domestic crude oil production to reach 1.2 million barrels per day by 2025, 28% above its current level.The targeted output compares to first-half production offshore China in 2022 of 169…

Japan's JERA Pens New LNG deal with Russia's Sakhalin-2

Aug 26, 2022

Japan's JERA has signed a deal with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG), a spokesperson for the country's biggest power generator said on Friday.Russian…

Heavy Norwegian Gas Maintenance Adds to Energy Price Pressure

Aug 26, 2022

Norway, which has overtaken Russia as the biggest gas supplier to Europe in the wake of the war in Ukraine, will curtail its gas exports significantly next month due to heavy maintenance activity, with some work deferred from earlier this year…

Norway: Valhall Platform Module Deal Goes to Rosenberg Worley, Potentially Creating 1000 Jobs

Aug 26, 2022

Norwegian oil and gas company Aker BP and its alliance partner, engineering and construction firm Aker Solutions, have awarded Rosenberg Worley a letter of intent for the construction of two modules for the new central platform on the Valhall field in the North Sea…

Boosted by Eni, Mexico's Newest Crude Finds Its Way to U.S. Refiners

Aug 26, 2022

Exports of Mexico's newest crude are ramping up under Italy's Eni as U.S. refiners find it an apt replacement for banned Russian oil and one that complements domestic grades. The shipments, which started in April according to Refinitiv Eikon data…

CNOOC's Profit More Than Doubles to Record $10.5B

Aug 25, 2022

China's CNOOC Ltd more than doubled its first-half profit helped by higher oil and gas prices, the offshore oil and gas producer reported on Thursday.Interim net income rose 116% to 71.89 billion yuan ($10.50 billion) while revenue rose 75.6% to 176…

Exxon, Shell, Chevron End Lawsuits Against Nigeria's State-owned Oil Company

Aug 25, 2022

Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria's state-owned oil company, after reaching new deepwater oil production sharing agreements.Two federal judges on Aug…

Myanmar Earns $800M from April-July Gas Exports

Aug 25, 2022

Military-ruled Myanmar earned $800 million from natural gas exports mainly to China and Thailand, between April and July, the junta said in the state newspaper on Thursday.The country has been embroiled in chaos since the military overthrew…

East Timor Expects Australia to Back Greater Sunrise Gas Development via Timor

Aug 25, 2022

East Timor is confident the Australian government will support plans for gas from the massive Greater Sunrise offshore field to be processed in Timor rather than Darwin, the country's petroleum authority head said on Thursday.Greater Sunrise…

UK's Gas Output Up 26% in 1H 2022

Aug 24, 2022

Gas production in the United Kingdom rose 26% in the first half of this year compared to the same period last year, an industry body said on Wednesday, as Britain cuts Russian energy imports in response to Moscow's invasion of Ukraine.The 3…

Norway Eyes High Gas Output Until 2030

Aug 24, 2022

Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports over Moscow's invasion of Ukraine, its energy minister said on Tuesday.'I expect that we can maintain the production levels we are at now until 2030…

Shell, Unions Reach Deal to End Strike at Prelude FLNG

Aug 23, 2022

Shell and unions representing workers at its Prelude floating liquefied natural gas (FLNG) facility have reached a wage deal to end a long-running strike and restart production at the site off northwest Australia, they said on Wednesday.Shell shut the 3…

Current News

Stephen Chazen, Long-time Occidental Petroleum Executive, Dies at 76

Stephen Chazen, Long-time Occidental Petroleum Executive, Dies at 76

OMV Confirms Find in One of "Largest Prospects in Norway"

OMV Confirms Find in One of "Largest Prospects in Norway"

Maersk Drilling Tapped for Danish Drilling

Maersk Drilling Tapped for Danish Drilling

TechnipFMC Wins North Sea EPCI Project

TechnipFMC Wins North Sea EPCI Project

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