Oil output at Kazakhstan's giant Kashagan oilfield fell this month after its operator shut two offshore injection wells on May 20 following the detection of sour gas during routine sampling, the company said on Thursday.The North Caspian Operating…
Norwegian oil and gas company Aker BP said it had made a significant oil discovery at the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area of the Norwegian North Sea.'Preliminary estimates indicate a gross recoverable volume of 40-90 million barrels of oil equivalent (mmboe)…
Norwegian oil firm Equinor said Tuesday that a successful capacity test had been performed confirming that the Johan Sverdrup offshore oil field could produce up to 755,000 barrels of oil per day.During a capacity test at Johan Sverdrup, the field reached a record-high production level of 755…
Norway's crude oil and gas output declined in April from the previous month, with gas output exceeding the official forecast slightly, Norwegian Petroleum Directorate (NPD) said on Tuesday. Crude oil output edged lower to 1.81 million barrels per day (bpd) in April from 1…
Offshore engineering solutions firm Aquaterra Energy said Tuesday it had secured a multi-million subsea riser contract with BP for a subsea well development project in Trinidad and Tobago.Under the contract, won through a competitive tender…
The investment firm Kistos said Tuesday it had acquired all of the outstanding shares of Norway-focused oil company Mime Petroleum A.S. ('Mime') from Mime Petroleum S.a.r.l.Mime holds a 10% interest in the Balder joint venture, comprising the Balder and Ringhorne fields offshore Norway…
Norwegian energy firm Equinor said Monday it would postpone further development of the Trollvind offshore wind initiative indefinitely. Back in June 2022, Equinor and four other oil and gas companies in Norway, partners in the Troll and Oseberg fields in the North Sea…
Exxon Mobil Corp on Friday said an ongoing dispute over oil-spill insurance in Guyana could halt production at its first offshore platform there, cutting revenue by about $350 million per month.A Guyanese court this month found Exxon in breach…
Vietnam's plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported liquefied natural gas (LNG) and its reserves in the South China Sea, despite supply and geopolitical risks…
Asia-pacific focused oil and gas company Jadestone Energy has received approval from Australia’s National Offshore Petroleum Titles Administrator (“NOPTA”) for the title transfer relating to the acquisition of the interest in the Cossack, Wanaea…
Australian oil and gas company Beach Energy said Wednesday it had connected the offshore Otway Basin Thylacine North 1 and 2 development wells to the Otway Gas Plant and is now delivering additional gas into the Australian East Coast gas market…
The US National Ocean Industries Association (NOIA) has released a study on global oil production emissions that finds that the greenhouse gas intensity of US oil production, particularly in the U.S. Gulf of Mexico, is significantly lower than most other regions around the world…
Equinor-operated Njord field in the Norwegian Sea will be officially opened Monday by the Norwegian minister of petroleum and energy, Terje Aasland. The platform and the floating storage and offloading vessel (FSO) have undergone extensive upgrades…
Oilfield services firm TechnipFMC has won a contract to supply subsea umbilicals, risers, and flowlines (SURF) for the recently sanctioned $9 billion BM-C-33 offshore development in Brazil.The contract was awarded by Equinor, the operator of the offshore block…
BNP Paribas, France's largest bank, will no longer provide any financing dedicated to the development of new oil and gas fields, and it reiterated it targets an 80% cut of its oil exploration financing by 2030. 'BNP Paribas no longer provides…