Offshore Production News - page 6

 

N-Sea to Install Subsea Power Cable between Riffgat Offshore Wind Farm and N05-A Offshore Platform

Apr 13, 2023

The Dutch oil and gas company ONE-Dyas has awarded subsea services firm N-Sea a contract to install a subsea power cable between the Riffgat offshore wind farm and the new to be built N05-A gas production platform in the Dutch North Sea.N-Sea's scope comprises of survey…

ConocoPhillips Raises Emission Reduction Targets, Expects $10B in Annual Spending

Apr 12, 2023

U.S. oil producer ConocoPhillips on Wednesday unveiled a 10-year plan that raised its targets for greenhouse gas reductions and put its annual capital expenditure at about $10 billion on average, ahead of an investor meeting.Houston-based ConocoPhillips…

Trinity Shuts Production from Trintes Field after Offshore Platform Fire

Apr 12, 2023

Oil and gas company Trinity Exploration & Production said Wednesday that a generator-related fire occurred on its Bravo Platform in the Trintes Field, in the Galeota Block, offshore east coast Trinidad at around 21:15 local time.'Production from the Bravo platform was halted…

Wärtsilä to Provide 24/7 Crew for Power Modules on FPSO in Brazil

Apr 12, 2023

Finland-based marine equipment and technology provider Wärtsilä said Wednesday it would operate the power modules onboard an FPSO vessel in Brazil on behalf of the owner 3R Petroleum. The vessel operates in the Papa Terra oilfield offshore Brazil…

Gallery: Third FPSO Arrives in Guyana's Stabroek Block

Apr 11, 2023

Dutch FPSO specialist SBM Offshore on Tuesday announced the arrival of the FPSO Prosperity at the Stabroek Block offshore Guyana.The FPSO traveled just over 11,000 nautical miles – or just over 20,000 kilometers - from Singapore to Guyana in just under 50 days…

Kazakhstan Takes Oil Majors to Arbitration Over Costs

Apr 11, 2023

Kazakhstan has started arbitration proceedings against companies developing its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion, respectively, in costs deducted as part of profit-sharing deals, its energy minister said on Tuesday…

BW Energy Achieves First Oil at Hibiscus/Ruche Development off Gabon

Apr 10, 2023

BW Energy on Monday announced it has achieved first oil from the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon.'Production performance from the first well has been in line with expectations and is currently stabilized at approximately 6…

SMJ Acquires 50% Stake in Petronas' Block Offshore Sabah

Apr 07, 2023

SMJ, a company owned by the Sabah State Government, has signed an agreement with Petronas Carigali for the acquisition of  Petronas' 50% non-operating stake in the Samarang production sharing contract (PSC).Petronas Carigali will continue to be the operator of Samarang PSC…

Oil Giants Face Arbitration as Kazakhstan Alleges Unapproved Spending in Major Oil Fields

Apr 05, 2023

Oil majors operating Kazakhstan's Kashagan and Karachaganak oil fields are being taken to arbitration by the country over allegations including unapproved spending, Bloomberg News reported on Wednesday, citing people familiar with the matter…

Karoon Suspends Production at Brazilian Offshore Field Due to Leak

Apr 05, 2023

Oil and gas company Karoon has shut production from its Baúna field offshore Brazil, including from the Patola field, due to 'a loss of containment incident' associated with the high-pressure flare on the Cidade de Itajaí FPSO.Karoon said that production was shut-in on March 28…

Banks Urged to Withdraw $1B Loan for Santos' Barossa Offshore Gas Project

Apr 04, 2023

A group of Australian Indigenous people has lodged human rights grievances with 12 Australian and international banks urging them to withdraw a $1 billion loan to Santos Ltd for its Barossa offshore gas project. Environmental and Indigenous groups have been campaigning for years against the $3…

OPEC+ Cuts Put $100/barrel Oil Back in Sight

Apr 03, 2023

Surprise new cuts to the OPEC+ group's output targets could push oil prices towards $100 a barrel, setting the scene for another clash with the West grappling with higher interest rates, analysts and traders said.The decision signals unity within…

Ocean Installer, Baker Hughes Team Up to Deliver Integrated Subsea Engineering Solution

Apr 03, 2023

Offshore installation firm Ocean Installer has formalized an alliance with energy industry services giant Baker Hughes to deliver a new, integrated subsea engineering solution that, the company says, provides efficiencies from project appraisal through to operations…

Oil Surges as OPEC+ Surprise Output Cuts Shake Markets

Apr 03, 2023

Oil prices surged on Monday, posting the biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut more production jolted markets.Brent crude was trading at $83.89 a barrel by 0627 GMT, up $4, or 5%, after touching the highest in a month at $86…

BW Energy Wraps Drilling and Completion on Hibiscus / Ruche Phase 1 Production Well

Apr 03, 2023

Oil and gas company BW Energy said Monday it had completed the drilling and completion operations on DHIBM-3H, the first production well of the Hibiscus / Ruche Phase 1 development campaign in the Dussafu license offshore Gabon. 'Responsibility…

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