Production News

 

Denmark's Largest Offshore Gas Field to Resume Production in Early 2024

Oct 18, 2023

TotalEnergies-operated Tyra Redevelopment Project in Denmark is set to start production in the early first quarter of 2024, BlueNord, a partner in the project, said Wednesday.Tyra is Denmark’s largest natural gas field which has been processing…

Chevron Australia LNG Unions Agree Deal on Eve of Strikes Resuming

Oct 18, 2023

An Australian union alliance on Wednesday agreed to endorse deals on pay and conditions at Chevron's two liquefied natural gas (LNG) facilities in Australia, ending an impasse that had led workers to threaten renewed strikes this week.The Offshore Alliance…

US Grants License Amendment to Trinidad for Joint Offshore Gas Project with Venezuela

Oct 18, 2023

The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela, the Caribbean country's Energy Minister Stuart Young said on Tuesday…

Exxon Expects FID for Guyana's Sixth Offshore Oil Project by Q1 2024

Oct 18, 2023

Exxon Mobil Corp. expects to make a final investment decision on its sixth oil project in Guyana by the first quarter of 2024, the company's country chief Alistair Routledge said on Tuesday.In August, Exxon and its partners proposed a plan to spend $12…

Energy-starved Africa Needs Fairer Climate Treatment: OPEC Sec Gen

Oct 17, 2023

Africa should be treated fairly while addressing global climate challenges as the continent contributes the smallest share to green house gas emissions globally, OPEC Secretary General Haitham Al Ghais said on Tuesday.Addressing an energy conference in Cape Town…

Saudi Arabia Can Lift Oil Production within Weeks - Aramco CEO

Oct 17, 2023

Saudi Aramco is able to ramp up oil production within weeks as global consumption is set to rise to a fresh record by year-end, the CEO of the oil giant said on Tuesday.Speaking at the Energy Intelligence Forum in London, Aramco CEO Amin Nasser…

Output from Brazil's Petrobras Hits Nearly 4 Mln Barrels in Third Quarter

Oct 17, 2023

Brazilian state-run oil firm Petrobras said on Monday that its combined crude and natural gas output in the third quarter reached 3.98 million barrels of oil equivalent per day from the projects it operates. The output was almost 8% higher than production during the previous three quarters…

Marathon Oil Signs Deal with Glencore for Alba Gas in Equatorial Guinea

Oct 17, 2023

Marathon Oil said on Monday it has entered into a five-year liquefied natural gas (LNG) sales agreement with a unit of Glencore for a portion of its natural gas produced from the Alba Field in Equatorial Guinea, boosting its presence in the European LNG market…

North Sea Gas Field Discovered in 1977 Starts Production 6 Months Ahead of Schedule

Oct 16, 2023

ConocoPhillips has started production from the Tommeliten A field, located in the Greater Ekofisk Area in the North Sea, offshore Norway.Natural gas from the new ConocoPhillips-operated field is being produced and delivered nearly six months earlier than planned…

Carbon Capture: Yinson Production and Azule Energy Partner for Green FPSO Solution

Oct 16, 2023

Malaysian FPSO leasing firm Yinson Production is piloting an offshore Carbon Capture and Storage (“CCS”) plant on FPSO Agogo in Angola, together with client Azule Energy, an Angolan BP-Eni joint venture.'The plant is the world’s first post-combustion carbon capture unit installed onboard an FPSO…

Mozambique Offshore Gas Fields Huge Opportunity for Country, Italy PM says

Oct 13, 2023

The gas fields discovered offshore Mozambique represent a huge opportunity for the development of the African country, Italian Prime Minister Giorgia Meloni said during a visit with the head of Italian energy group Eni. Speaking after a meeting with Mozambican President Filipe Nyusi…

Chevron Halts Exports Through Major Subsea Pipeline Between Israel and Egypt

Oct 13, 2023

Chevron has halted natural gas exports through a major subsea pipeline between Israel and Egypt and is supplying gas via an alternative pipeline through Jordan, the company said on Tuesday.The decision to halt exports via the East Mediterranean…

BP Says Bid to Acquire Stake in Israel's NewMed on Track

Oct 13, 2023

BP and Abu Dhabi National Oil Co's (ADNOC) $2 billion bid to acquire a 50% stake in Israeli gas producer NewMed Energy remains on track, a BP executive has told investors.BP remained 'very optimistic' about the deal despite the escalation of…

FPSO Planned for Namibia's Offshore Oil Discoveries. First Oil Expected in 2030

Oct 13, 2023

Namibia expects the first oil from major offshore finds by 2030 and is considering a Floating Production Storage and Offloading (FPSO) platform to help it export the crude oil, its petroleum commissioner said on Wednesday.Namibia, which has yet to produce any oil and gas…

Azule Energy Eyes 14% Production Boost. Plans 16 Offshore Wells Over Next Four Years

Oct 12, 2023

Angola's largest private oil and gas company Azule Energy plans to raise production by around 14% to 250,000 barrels per day (bpd) by 2026, its CEO said on Thursday, in a boost to the country's plans to turn around flagging output.Azule Energy…

Current News

Petrobras and Staatsolie Strengthen Energy Collaboration

Petrobras and Staatsolie Stren

PRIO Buys Peregrino Oil Field Stake in $1.92B Deal with Sinochem

PRIO Buys Peregrino Oil Field

Mitsubishi Boosts Stake in Petronas’ Malaysia LNG Plant

Mitsubishi Boosts Stake in Pet

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

India Opts Out of Buying Gas f

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