Offshore Production News - page 5

 

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…

Oil Demand to Peak before 2030, TotalEnergies Says

Sep 27, 2021

Global oil demand is expected to peak before 2030, earlier than previously projected, TotalEnergies forecast on Monday.The French oil major - which had previously forecast the peak happening around 2030, rather than before - said its business…

Brent Heading for $80 a Barrel. Hits Highest Since October 2018

Sep 27, 2021

Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for $80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions.Brent crude was up 92 cents or 1…

Altera's Petrojarl Knarr FPSO Pilots DNV ABATE Class Notation

Sep 27, 2021

Classification society DNV has introduced the new ABATE class notation, to assist the owners and operators of offshore floating installations to identify and implement measures to reduce greenhouse gas (GHG) emissions.The ABATE notation provides…

Number of Production Floater Contracts in Near-term Queue at Record High

Sep 27, 2021

Crude prices have climbed to the upper-$70s, sustained by continued demand growth and the OPEC+ production curtailment agreement. Excess oil inventory has largely been eliminated, natural gas supply shortages have appeared in Europe and LNG prices have soared…

Aker BP Files Development Plan for North Sea Oil Field

Sep 27, 2021

Norwegian oil and gas company Aker BP has filed a development plan for the Frosk offshore field to the Norwegian Ministry of Petroleum and Energy.The Frosk field, found in 2019, is situated some 25 kilometers southwest of the Alvheim FPSO in the North Sea…

As OPEC Reopens the Taps, African Giants Losing Race to Pump More

Sep 27, 2021

Top African oil exporters Nigeria and Angola will struggle to boost output to their OPEC quota levels until at least next year as underinvestment and nagging maintenance problems continue to hobble output, sources at their respective oil firms warn…

CNOOC Seeks to Raise $5.4B to Fund Key Oil and Gas Projects

Sep 27, 2021

China's state-run offshore oil and gas major CNOOC Ltd said it plans to raise up to 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects.The domestic fund-raising plan came as U…

Repsol Extends Esvagt Corona Vessel Stay at Yme Field

Sep 27, 2021

Danish offshore vessel owner Esvagt said Monday that the Spanish oil firm Repsol had extended the contract for the Esvagt Corona standby/rescue vessel for an additional 18 months.The contract for standby services at Repsol's Yme field in the Norwegian North Sea now runs until the spring of 2023…

Petrofac to Plead Guilty in Bribery Case

Sep 24, 2021

Oilfield services giant Petrofac said Friday it had struck a plea agreement with the UK Serious Fraud Office (SFO) in relation to its investigation into the company's historical use of agents in the Middle East.Following requisition by the UK's Serious Fraud Office (SFO)…

Eni Brings Online Another Oil Field in Angola via Armada Olombendo FPSO

Sep 24, 2021

Italian oil giant Eni has kicked off production from Cabaça North deepwater oil field located in Block 15/06 offshore Angola.The field has been developed as a tie-back to the Armada Olombendo FPSO.The Cabaça North development, with an expected peak production rate in the range of 15 kbopd…

New Fortress Energy Charters Höegh Gallant FSRU

Sep 24, 2021

Höegh LNG Partners has entered into an agreement with a subsidiary of New Fortress Energy for the charter of the Höegh Gallant for FSRU operations for a period of ten years, with a planned start-up during the fourth quarter of 2021. New Fortress Energy will deploy the FSRU in Jamaica…

CNOOC Starts Production from Bozhong 19-4 Project

Sep 24, 2021

Chinese offshore oil producer CNOOC said Friday it had begun producing oil from its Bozhong 19-4 project in the south of the Bohai Sea. Located in an average water depth of about 21 meters, the project uses the existing processing facilities of Bozhong 25-1 oilfield…

Current News

Hezbollah Warns Israel against Drilling in Disputed Waters

Hezbollah Warns Israel against Drilling in Disputed Waters

BW Energy to Buy Aquadrill's Drilling Rig and Convert It into Production Floater

BW Energy to Buy Aquadrill's Drilling Rig and Convert It into Production Floater

Aberdeen Selects BP as Hydrogen Hub Partner

Aberdeen Selects BP as Hydrogen Hub Partner

FourPhase Removes 350kg of Solids from Trinidad Well

FourPhase Removes 350kg of Solids from Trinidad Well

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