Production News

 

Shell's Gulf of Mexico Offshore Oil Transfer Platform to Be Offline Until Year-end

Sep 20, 2021

Royal Dutch Shell Plc said on Monday it expected its crude transfer station in the Gulf of Mexico to be offline for repairs until the end of 2021 due to damages from Hurricane Ida.The facility, West Delta-143, serves as the transfer station…

BP Brings Online Matapal Project Offshore Trinidad and Tobago

Sep 20, 2021

BP's Matapal project offshore Trinidad and Tobago has achieved first gas, BP Trinidad and Tobago said Monday.Matapal is BPTT’s second subsea development and it consists of three wells, which tie back into the existing Juniper platform via two 9 km flexible flowlines…

BP Gambles Big on Fast Transition from Oil to Renewables

Sep 20, 2021

Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology.The facility earned BP Plc more than $650 million in profits in 2019…

Equinor Gets Permission to Boost Gas Exports to Tight European Market

Sep 20, 2021

Norwegian oil and gas firm Equinor has said it has, with its partners, received permission to increase gas exports from two offshore fields in Norway to supply the tight European market.Production permits for the Oseberg and Troll fields have…

Karoon Eyes Growth in Brazil with Own Oil Fields, Acquisitions

Sep 20, 2021

Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday…

Some 28% of U.S. Gulf of Mexico Crude Output Offline

Sep 17, 2021

U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region…

Saudi Aramco Unit to Market Guyana's Crude for One Year

Sep 17, 2021

Guyana has granted a unit of Saudi Arabian Oil Co, known as Aramco, a one-year contract to market the government's share of the crude produced in the South American country, Vice President Bharrat Jagdeo told Reuters.The country in early September…

Oil Holds Above $75 on Big U.S. Inventories Drop With Gulf Output Still Recovering from Ida

Sep 16, 2021

Oil held above $75 a barrel on Thursday, within sight of a multi-week high hit a day earlier, supported by a big drop in U.S. crude inventories and surging European natural gas prices.U.S. crude inventories fell by 6.4 million barrels last week…

Well-Safe Solutions to Decommission 14 Offshore Wells for Repsol Sinopec

Sep 16, 2021

Aberdeen-based Well-Safe Solutions has won a contract with Repsol Sinopec to execute the decommissioning of 14 wells in its Buchan and Hannay offshore fields in the UK.Well-Safe Solutions will utilize its purpose-built decommissioning unit specifically designed for decommissioning of subsea wells…

Malaysia's Kimanis Oil Exports Hit by Issue at Shell Offshore Field

Sep 16, 2021

Exports of Malaysia's flagship crude oil Kimanis will fall in October and November after a production issue at an offshore oilfield operated by Royal Dutch Shell, three sources with knowledge of the matter said.Petroleum Brunei, one of the stakeholders…

Lundin Energy's Lille Prinsen Appraisal Drilling a Success

Sep 16, 2021

Swedish oil firm Lundin Energy has completed appraisal wells on the Lille Prinsen discovery, north of the Edvard Grieg field in the North Sea, offshore Norway. The two wells have confirmed a combined updated gross resource range of 12 – 60 million…

Gulf Coast Oil Firms Return to Ida Recovery as Storm Nicholas Recedes

Sep 15, 2021

Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.Nicholas, downgraded to a tropical depression late Tuesday…

Norway's Offshore Licensing Round Attracts Bids from 31 Oil Firms

Sep 15, 2021

Norway's annual licensing round of new acreage for oil and gas exploration, including some in the Arctic Barents Sea, has attracted bids from 31 oil companies, the country's energy ministry said on Wednesday.The ministry's announcement follows…

Tendeka Secures $30M in New Contracts

Sep 15, 2021

Completions specialist Tendeka has said it has secured more than $30million worth of international contracts within the last quarter which will cover the next three years.'In addition to this unplanned revenue, the company has won long-term…

Tullow Swings to Profit. CFO to Step Down

Sep 15, 2021

Africa-focused Tullow Oil's finance chief Les Wood will step down by the end of March, the oil and gas company said on Wednesday, after it swung back to profit in the first half of 2021.Tullow, which has been operating in Africa since 1986,…

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