Offshore Floating Production News - page 6

 

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

May 30, 2025

Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a sour gas development offshore the United Arab Emirates (UAE).OMV has agreed the sale of 5% stake in the…

Agogo FPSO Checks In Offshore Angola

May 29, 2025

The Agogo floating production, storage and offloading (FPSO) unit has reached Angola ahead off installation at Azule Energy’s offshore field.The trans-oceanic towing operation from China to Angola was conducted by PACC Offshore Services Holdings (POSH)…

Mento Platform Off Trinidad and Tobago Produces First Gas

May 29, 2025

EOG Resources Trinidad (EOG) and BP Trinidad and Tobago, equal joint venture partners in the Mento development, have produced first gas at the field off Trinidad’s southeast coast.The Mento development features a 12-slot, attended facility that…

Kuwait, Saudi Arabia Make Oil Discovery in Neutral Zone

May 27, 2025

Kuwait and Saudi Arabia have made a new oil discovery in the Neutral Zone, which contains jointly operated oil fields between the two countries, Saudi state news agency (SPA) reported, citing a joint announcement.It is the first discovery since…

Equinor's Troll Gas Field Outage Extends to end of May

May 27, 2025

Equinor has extended a partial outage at Norway's Troll natural gas field until May 31 due to a compressor failure, the company said in a regulatory filing on Monday, pushing European gas prices higher.Norway in 2022 overtook Russia as Europe's…

EU: 44 Oil and Gas Firms Asked to Provide CO2 Storage Solutions

May 23, 2025

The European Commission said on Thursday it had asked 44 oil and gas companies to contribute to the EU's collective target of storing at least 50 million tonnes of CO2 per year by 2030, as part of the bloc's aim to achieve climate neutrality…

Norway Grants Permit for Equinor’s Drilling Plan in North Sea

May 23, 2025

The Norwegian Offshore Directorate (NOD) has granted Equinor Energy and its partners a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 35/11-31 S in production licence 090, operated by Equinor with 45% working interest…

Shell Expects to Bank On LNG Exporters Turning Into Importers

May 23, 2025

Energy major Shell expects several traditional LNG exporter nations to turn into net importers, driving demand for the super chilled fuel and potentially easing concerns that the industry faces oversupply from a raft of planned new projects…

Beacon Offshore Energy Expects First Oil From Shenandoah System in June

May 06, 2025

U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday.The floating production unit, which is expected to produce 120,000 barrels of oil per day (bpd)…

SBM Offshore, Microsoft Team Up for Clean AI-Driven Floating Power Solutions

Mar 14, 2025

SBM Offshore has entered into a global collaboration agreement with Microsoft to develop standardized, AI-powered carbon-free floating power solutions to address the growing needs for carbon-free electricity.This collaboration is set to transform…

Beacon Offshore’s Shenandoah FPS Reaches US Ahead of Deepwater Installation

Feb 28, 2025

The Shenandoah floating production system (FPS) has been transported to the Gulf of America ahead of wet tow and offshore installation at the Shenandoah deepwater field at Walker Ridge project site, developed by Texas-based exploration and production company Beacon Offshore Energy…

Shell Restarts Stones Platform as Hurricane Forecast Shifts

Sep 24, 2024

Shell said on Tuesday it has started the process of restoring oil production at its Stones platform as the forecast of a looming major hurricane in the U.S. Gulf of Mexico shifted.Shell had shut down production on Sunday at both the Stones and…

Johan Castberg Oilfield Expected to Reach Full Output in H1 2025

Aug 27, 2024

Equinor's Arctic Johan Castberg oilfield is expected to reach full production of some 220,000 barrels per day in the first half of 2025, a senior company official said on Tuesday.The oilfield in the Norwegian part of the Barents Sea is set to…

Indonesia Green Lights Eni Gas Projects

Aug 23, 2024

Indonesia has approved a development plan for the first phase of the Geng North gas field operated by Italy's Eni in the Makassar Strait, the upstream oil and gas regulator SKK Migas said in a statement on Friday.The approval also covered the development of the nearby Gehem field…

MOL Increases Stake in MODEC

Aug 20, 2024

Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate…

Current News

Beacon Offshore Energy Begins Production US at Shenandoah Field

Beacon Offshore Energy Begins

Harlyn Solutions Expands Market Scope with New Dutch Base

Harlyn Solutions Expands Marke

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

PTTEP Acquires Southeast Asia’

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Valeura Energy, PTTEP Partner

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