Offshore Production News - page 5

 

Oil Prices Rise on Gulf of Mexico Shutdowns

Aug 25, 2020

Crude oil prices rose on Tuesday, supported by production cuts in the U.S. Gulf Coast as Tropical Storm Laura was forecast to become a major hurricane while rising coronavirus cases in Asia and Europe capped gains.Brent crude oil futures added 37 cents…

Storms Marco and Laura Shut 82% of Gulf of Mexico Oil Production

Aug 25, 2020

U.S. Gulf of Mexico oil companies shut around 82 percent of oil production on Monday and evacuated personnel bracing for the impact of two tropical storms Marco and Laura.From operator reports, the U.S. Bureau of Safety and Environmental Enforcement said Monday that approximately 82…

Guyana Relaunches Search for Company to Market Its Oil

Aug 25, 2020

Guyana has re-launched a search for a company to market the government's share of the crude produced at the offshore Liza project, operated by Exxon Mobil Corp, according to a notice published in the South American country's newspapers.President Irfaan Ali's government scrapped a previous…

Storms Shut More than Half of Oil Production in U.S. Gulf of Mexico

Aug 24, 2020

Crude oil prices remained steady on Monday as storms closed in on the Gulf of Mexico, shutting more than half the region's oil production, although prices were capped by ongoing concerns about fuel demand being sapped by coronavirus lockdowns…

Exxon Limits Guyana Output Due to Gas Injection Issues

Aug 21, 2020

Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday.Exxon…

Offshore Evacuations Begin as Storms Take Aim at Gulf of Mexico

Aug 21, 2020

BP and Shell on Friday said they had begun evacuating offshore oil facilities as two tropical cyclones head toward the U.S Gulf of Mexico, with the already active 2020 Atlantic hurricane season heating up further.BP said it had begun the process…

Norway: Tax Breaks Revive Some Offshore Oil Investment Plans

Aug 20, 2020

Oil and gas investment in Norway, Western Europe's top producer, will rise more this year and decline less in 2021 than predicted a few months ago, an industry survey by the statistics office (SSB) showed on Thursday.Petroleum companies, including Equinor…

Petrobras Taps TechnipFMC for Mero 2 Subsea EPCI

Aug 20, 2020

Brazilian oil company Petrobras has awarded oilfield services provider TechnipFMC a subsea engineering, procurement, construction and installation (EPCI) scope as part Mero 2 oil field development project offshore Brazil.The Mero 2 project, sanctioned in June 2019…

Flexible ballast water treatment for offshore

Aug 20, 2020

Requirements in the offshore industry are diverse. With vessels ranging from smaller supply ships and anchor handling tugs to large drill ships and accommodation platforms, there are seldom one-size-fits-all solutions. In ballast water treatment…

CNOOC 1H Profit Slumps on Virus-hit Demand, Low Oil Prices

Aug 19, 2020

China's national offshore oil and gas producer CNOOC Ltd said first-half profit slumped by nearly two-thirds to the lowest since December 2017, as the coronavirus pandemic battered energy demand and sent oil prices to historical lows.The listed…

Guyana: New Gov't Plans to Relaunch Oil Marketing Tender

Aug 18, 2020

Guyana's new administration has put a hold on reviewing bids for a contract to lift the government's portion of crude produced offshore and plans to relaunch the tender, Vice President Bharrat Jagdeo said on Friday.The South American country…

US BSEE Looks at Clearing Path for Longer Tiebacks

Aug 17, 2020

The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthen extensions to remote wells, a U.S. official said on Monday.Oil companies operate 68 offshore deepwater platforms in the Gulf of Mexico…

Danish Energy Trading Firm to Buy Power from World's Largest Offshore Wind Farm

Aug 17, 2020

Energy trading firm Danske Commodities has signed a 15-year power purchase agreement (PPA) for 480 MW with the world’s largest offshore wind farm, Dogger Bank.Danske Commodities will be responsible for the trading and balancing of 480 MW. Dogger…

Qatar: Al-Shaheen Field Operator Extends Contracts for JDC Drilling Rig Duo

Aug 17, 2020

North Oil Company, a JV between Qatar Petroleum and Total, has awarded contract extensions for two jack-up rigs owned by Japan Drilling Company.JDC said Monday that the extensions - one year for each rig - have been secured for jack-up drilling…

Woodside Blocks Lukoil from Joining $4.2B Sangomar Project Off Senegal

Aug 17, 2020

Australian oil and gas company Woodside has blocked Cairn's stake sale in the $4.2B Sangomar development off Senegal to Russia's Lukoil, by exercising its pre-emption rights.To remind, Lukoil in July signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque…

Current News

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DOF Subsea Nets Two APAC Gigs

DOF Subsea Nets Two APAC Gigs

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