Offshore Production News - page 4

 

Viaro Energy Receives NSTA License Approval for Bressay Oil Field

Mar 07, 2024

UK-based Viaro Energy has received regulatory from the North Sea Transition Authority (NSTA) for the assignment in the Bressay oil field license, following the recently completed acquisition agreement with EnQuest. Under the terms of the sales and purchase agreement…

Tullow Oil Swings Into Loss, But Eyes Returns After 2025

Mar 06, 2024

Tullow Oil swung into a loss in 2023 after cutting the value of reserves in one of its West African oilfields, as its chief executive said the company would consider shareholder returns after 2025.The London-listed company said on Wednesday it posted a $110 million loss after tax last year…

Vaalco Plans Baobab FPSO Upgrade Following Svenska Petroleum Acquisition

Feb 29, 2024

U.S. based oil and gas company Vaalco has entered a sales and purchase agreement to acquire Svenska Petroleum Exploration, including its non-operated interest in the producing deepwater Baobab field offshore Ivory Coast, for the gross amount of $66…

Energean Power FPSO Producing at Full Capacity as Karish North Goes Online

Feb 29, 2024

Oil and gas company Energean has brought the Karish North and second gas export riser online at the Karish field in the Mediterranean Sea, offshore Israel.Karish North first gas was safely achieved on February 22, 2024, Energean informed. The…

Wintershall Dea Ups Resource Estimate for Norwegian Sea Discovery

Feb 29, 2024

German oil and gas company Wintershall Dea has increased resource estimates for a gas/condensate discovery near the Dvalin field in the Norwegian Sea, following the drilling of an appraisal well with Transocean Norge rig.Wintershall Dea's appraisal…

Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals

Feb 28, 2024

Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals…

Enhancing Environmental Accountability in Offshore Operations via Data Analytics

Feb 28, 2024

As an industry, the offshore energy sector continues to evolve its approach to reducing environmental impact. Looking beyond the mandatory reporting of scope 1 and 2 carbon emissions, focus is now shifting to scope 3 emissions where many global…

Norway Gives Nod to ConocoPhilips for Eldfisk North Oil Field Start Up

Feb 28, 2024

The Norwegian authorities have issued a consent to ConocoPhillips to start up the Eldfisk North oil filed in the North Sea.The Eldfisk North installation consists of two seabed templates for production and one for water injection, comprising a total of nine production wells and five injection wells…

Petronas Signs Gas PSCs for BIGST and Tembakau Clusters Offshore Malaysia

Feb 28, 2024

Petronas, through Malaysia Petroleum Management (MPM), has signed production sharing contracts (PSCs) for two discovered resource opportunities (DRO) clusters, located offshore Malaysia.The BIGST Cluster was awarded to Petronas Carigali, and JX Nippon Oil & Gas Exploration (BIGST)…

Woodside and Kogas Agree LNG Supply Deal

Feb 27, 2024

Woodside has signed a sale and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for the long-term supply of LNG to Korea.The SPA provides for the supply of approximately 0.5 million tonnes per annum of LNG for a period of 10.5 years on a delivered basis…

OPEC+ to Consider Extending Voluntary Oil Output Cuts

Feb 27, 2024

OPEC+ will consider extending voluntary oil output cuts into the second quarter, three OPEC+ sources told Reuters, to provide additional support for the market, and could keep them in place until the end of the year, according to two of them…

Congo’s First LNG Cargo to Set Sail in Coming Days

Feb 27, 2024

The first LNG cargo from Eni's Congo LNG project is currently being loaded and will sail to Piombino’s regasification terminal in Italy in the coming days.With the first cargo, the Republic of the Congo enters the group of LNG exporting countries…

Norway Gives Production Go-Ahead for Aker BP-Operated Hanz Field

Feb 27, 2024

The Norwegian authorities have approved the start-up of production on the Hanz accumulation on the Ivar Aasen field in the North Sea.The development solution involves reusing the subsea installations on the Jette field, which was shut down in 2016…

BP Starts Production at East North Flank of Giant Shah Deniz Gas Field

Feb 27, 2024

BP has started production from the East North flank of the Shah Deniz field in Azerbaijan, which is one of the largest gas-condensate fields in the world and the largest gas discovery ever made by BP.The East North flank, part of Shah Deniz 2 development…

Energos Celsius FSRU Reaches Its Final Destination

Feb 26, 2024

Energos Celsius floating storage and regasification unit (FSRU), on a long-term for New Fortress Energy (NFE), has arrived to NFE’s LNG terminal in Barcarena in Brazil’s Pará state.The FSRU Energos Celsius was built by Seatrium and delivered to NFE in December 2023…

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