Offshore Regions News - page 686

 

Norway's August Oil Output Beats Forecast, Gas Lags

Sep 23, 2021

Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.Crude oil output rose to 1.81 million barrels per day (bpd) in August from 1…

Gas Production Resumes from Kistos' Offshore Gas Field as TAQA Wraps Maintenance Work

Sep 23, 2021

Energy firm Kistos has informed that the TAQA operated P15-D platform in the Dutch North Sea has resumed normal operations, following a planned four-week maintenance shutdown.This has, in turn, has allowed the resumption of gas export from Kistos'…

Nigeria Sees 2022 Oil Output of 1.88 mln bpd, GDP Growth of 4.2%

Sep 23, 2021

The Nigerian government expects the country to produce 1.88 million barrels per day of crude oil in 2022 and will use a benchmark oil price of $57 per barrel for its budget planning, according to a document approved by the Senate on Wednesday…

Harbour Energy Seeks to Exit Sea Lion Offshore Project in Falkand Islands

Sep 23, 2021

Harbour Energy, a London-listed oil firm created through a merger between Chrysaor and Premier Oil, has decided to exit the Sea Lion oil field development in the Falkland Islands.The company has a 60 percent stake in the oil field, with Rockhopper Exploration holding the remaining 40 percent stake…

Halliburton to Assist Chariot with Offshore Drilling Operation in Morocco

Sep 23, 2021

Oil and gas firm Chariot has signed a binding letter of intent with oilfield services giant Halliburton for services on Chariot's planned Anchois gas appraisal well within the Lixus licence, offshore Morocco.The agreement with Halliburton follows…

GE Charters Acta Marine's SOV for French Offshore Wind Farm Work

Sep 22, 2021

Offshore wind turbine maker GE Renewable Energy has chartered Acta Marine's Service Operation Vessel Acta Auriga for the commissioning activities of 80 Haliade 150-6MW turbines at the Saint-Nazaire offshore wind farm in France.The vessel will…

Havyard Leirvik Delivers Sixth SOV to Esvagt

Sep 22, 2021

Norwegian shipbuilder Havyard Leirvik has delivered another offshore wind service operation vessel (SOV) to Danish vessel owner Esvagt.The vessel, Esvagt Havelok, is the third and last of the ‘triplet ships’ built by Havyard for Esvagt.  The ship handed over Tuesday was the third in the same series…

BSOG Installs Ana Platform in Black Sea, Offshore Romania

Sep 22, 2021

Romanian oil and gas company Black Sea Oil & Gas has said it has installed the Ana offshore production platform in the Black Sea. According to BSOG, this is the first offshore platform built and installed in Romania in the past 30 years.Following…

Oil Prices Rise on Big Decline in U.S. Crude Stocks after Two Hurricanes

Sep 22, 2021

Oil prices rose around 1% on Wednesday, extending overnight gains, after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves.U.S. West Texas Intermediate (WTI) crude futures rose 75 cents…

ADNOC Increases Size of Drilling Unit IPO to $1.1B

Sep 22, 2021

State oil giant Abu Dhabi National Oil Co (ADNOC) has increased to 11% of share capital the size of the initial public offering (IPO) of its drilling unit, ADNOC Drilling, because of oversubscription, the firm said on Wednesday.ADNOC had previously targeted a minimum stake of 7…

Shell Orders Fully Electric Ferries from Penguin in Singapore

Sep 22, 2021

Shell has awarded a contract to a Singapore-based firm Penguin International Limited, to design, build and operate at least three fully electric ferries which, when operational, will be the first fully electric ferry service in Singapore and a first for Shell globally…

Shearwater GeoServices in Bass Strait 3D Seismic Survey

Sep 22, 2021

Seismic survey company Shearwater GeoServices has secured a 3D seismic exploration survey contract with Beach Energy in Australia.Using the Geo Coral seismic vessel, Shearwater will conduct the Prion 3D seismic survey starting in late October…

Sapura Energy CFO to Step Down

Sep 21, 2021

Malaysian oil and gas producer and energy services provider Sapura Energy said Tuesday that Reza Abdul Rahim would step down from his position as Chief Financial Officer.He will step down on October 1, 2021, after more than five years in the role…

Neptune Energy Seeks Permission to Boost Cygnus Field Output Amid Soaring Gas Prices

Sep 21, 2021

Oil and gas firm Neptune Energy has written to Britain’s energy minister asking for a change in regulation to allow it to produce more domestic gas from its North Sea field amid record gas prices, a letter seen by Reuters showed.Benchmark British…

Cameroon: Tower Resources Nears Thali Block Farm-out

Sep 21, 2021

Africa-focused oil and gas firm Tower Resources has said that the documentation for its proposed farm-out of a share in the Thali offshore block in Cameroon has been finalized and submitted to the country's authorities for approval.As reported in August…

Current News

Shell Reserve Decline Raises Need for Deals or Discoveries

Shell Reserve Decline Raises N

BP Profit Climbs 32% as Company Suspends Buybacks

BP Profit Climbs 32% as Compan

Vaar Energi Raises Output Target, Beats Profit Forecasts

Vaar Energi Raises Output Targ

Transocean to Acquire Valaris for $5.8B

Transocean to Acquire Valaris

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