Offshore Production News - page 6

 

Saudi Aramco Profit Soars

Aug 15, 2022

State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins.Aramco joins oil majors such as Exxon Mobil Corp and BP  that have reported…

Gazprom Boosts Gas Flows to Hungary via Turkstream Pipeline, Official says

Aug 15, 2022

Russia's Gazprom has ramped up flows to Hungary via the Turkstream pipeline that brings gas to Hungary via Serbia, a Hungarian foreign ministry official said on Saturday.European Union member Hungary has maintained what it calls pragmatic relations with Moscow since Russia's invasion of Ukraine…

Beach Energy Results Disappoint. Hunt on for M&A in Australia, NZ

Aug 15, 2022

Beach Energy Ltd is shoring up its war chest for acquisitions in Australia and New Zealand, Chief Executive Officer Morne Engelbrecht said on Monday, after reporting a weaker-than-expected annual profit and production outlook.Shares in gas and oil producer Beach…

U.S. Offshore Oil Production Restarts after Pipeline Fix

Aug 15, 2022

A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to reactivate some of the halted production.A failed flange connecting…

Jadestone Shutting Down Montara FPSO Output to Fix Tank Issues

Aug 12, 2022

Asia Pacific-focused oil and gas company Jadestone has decided to shut production from its Montara field FPSO in the Timor Sea, off Australia, to allow for repairs on a tank that leaked oil back in June through a 30-millimeter crack.While the…

Nigeria's NNPC Renews Oil Contracts to Produce 10 Bln Barrels

Aug 12, 2022

Nigeria's state-owned oil firm NNPC Ltd on Friday renewed oil production sharing agreements with international majors and local firms for five deepwater blocks that officials said could produce up to 10 billion barrels over the next 20 years…

Repair to Oil Pipe that Shut U.S. Offshore Output Due by End of Day

Aug 12, 2022

Crews were expected to replace a damaged oil pipeline piece by the end of the day on Friday, a Louisiana port official said, allowing for the resumption of production at seven offshore U.S. Gulf of Mexico oil platforms.A failed flange connecting…

Australian States Press for Gas Exporters to Boost Local Supply

Aug 12, 2022

Australian state energy ministers said on Friday local gas production should be prioritized for the domestic market to ensure there is no shortfall, as forecast for 2023 and 2024, raising pressure on exporters to boost local supply.Comments from the ministers from the two most populous states…

Oil Leak Contained at Three US Gulf Platforms, Shell Says

Aug 11, 2022

Top U.S. Gulf of Mexico oil producer Shell said on Thursday it halted production at three U.S. Gulf of Mexico deepwater platforms after a leak shut two pipelines connecting the platforms, adding it expected pipeline service to resume on Friday…

Pipeline Outage Halts Output at Three Gulf of Mexico Platforms

Aug 11, 2022

Oil major Shell said it had halted production at three of its U.S. Gulf of Mexico deep-water platforms after pipelines connecting the three were shut.Shell, the leading operator in the U.S. Gulf of Mexico, said Mars, Ursa, and Olympus platforms have been shut-in…

Norway: Lime Buys Into Repsol's Yme Offshore Oil Field

Aug 11, 2022

Lime Petroleum, a subsidiary of Rex International Holding, has agreed to buy a 10 percent stake in the Yme oil field in the North Sea, offshore Norway, from Kuwait’s KUFPEC. Rex said Lime would pay post-tax fee $68.053 million (about NOK 633 million)…

Saipem Nets $900M Deal to Deliver Angola's First Non-associated Gas Project

Aug 11, 2022

Italian oilfield services firm Saipem said Thursday it had secured three new engineering and construction contracts - one onshore and two offshore - in Angola. The total value is around $900 million.The contracts are with the New Gas Consortium…

Report: Shell Launches Sale of North Sea Cambo Oil Project

Aug 11, 2022

Shell has launched a sale process for its 30% stake in the Cambo oil prospect in the British North Sea, potentially paving the way for the field's controversial development, industry sources said on Thursday.The London-based company hired investment…

Trell & Trine Project: Aker BP Awards 'Sizeable' Contracts to Aker Solutions, Subsea 7

Aug 11, 2022

Norwegian offshore engineering and construction company Aker Solutions, and offshore installation firm Subsea 7, have won 'sizeable' contracts from Aker BP to assist with the development of Trell & Trine offshore discoveries, located in the Alvheim area of the North Sea…

Crown Estate Scotland Opens Process to Cut UK North Sea Oil and Gas Emissions

Aug 10, 2022

Crown Estate Scotland opened on Wednesday the registration window for an offshore wind leasing process that aims to lower emissions from Britain's North Sea oil and gas production.The public corporation's Innovation and Targeted Oil and Gas…

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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